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MillerKnoll, Inc. researches, designs, manufactures, sells, and distributes interior furnishings worldwide. It operates through North America Contract, International Contract, and Global Retail segments. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions. It offers its products under the MillerKnoll, Herman Miller, Knoll, Maharam, Geiger, Design Within Reach, DWR, HAY, NaughtOne, Colebrook Bosson Saunders, Holly Hunt, Vladimir Kagan, Muuto, FilzFelt, Edelman, Spinneybeck, DatesWeiser, the Herman Miller ΒCircled Symbolic MΒ logo, Aeron, Mirra, Embody, Setu, Sayl, Cosm, Caper, Eames, KnollExtra, Knoll Luxe, KnollStudio, KnollTextiles, Remix, Dividends, Generation by Knoll, Regeneration by Knoll, MultiGeneration by Knoll, Barcelona, and Womb brand names. The company offers its products through independent contract furniture dealers, direct contract sales, owned and independent retailers, direct-mail catalogs, and e-commerce platforms. Its products are used in institutional, health/science, industrial and educational settings, and residential and other environments. The company was formerly known as Herman Miller, Inc. and changed its name to MillerKnoll, Inc. in November 2021. MillerKnoll, Inc. was incorporated in 1905 and is headquartered in Zeeland, Michigan.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.7B | $195M | $-37M | $102M | -2.9% | 1.1% | -144.8% |
| 2024 | $3.6B | $331M | $82M | $274M | 5.9% | -11.2% | 95.5% |
| 2023 | $4.1B | $281M | $42M | $80M | 2.9% | 3.6% | -255.4% |
| 2022 | $3.9B | $220M | $-27M | $-107M | -1.9% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 3,946 | 4,087.10 | 3,628.40 | 3,669.90 |
| Operating Revenue | 3,946 | 4,087.10 | 3,628.40 | 3,669.90 |
| Cost Of Revenue | 2,593.30 | 2,657.10 | 2,208.90 | 2,247.30 |
| Gross Profit | 1,352.70 | 1,430 | 1,419.50 | 1,422.60 |
| Operating Expense | 1,312.90 | 1,232.10 | 1,204.70 | 1,227.30 |
| Research And Development | 108.70 | 105.70 | 92.60 | 93.80 |
| Selling General And Administration | 1,204.20 | 1,126.40 | 1,112.10 | 1,133.50 |
| Total Expenses | 3,906.20 | 3,889.20 | 3,413.60 | 3,474.60 |
| Operating Income | 39.80 | 197.90 | 214.80 | 195.30 |
| Total Operating Income As Reported | 39.80 | 122.30 | 167.20 | 50.50 |
| EBITDA | 219.80 | 280.50 | 331 | 195.30 |
| Normalized EBITDA | 219.80 | 356.10 | 378.60 | 340.10 |
| EBIT | 29.20 | 125.40 | 175.90 | 54.80 |
| Interest Income | 1.60 | 2.80 | 6.10 | 5.40 |
| Interest Expense | 37.80 | 74 | 76.20 | 76.70 |
| Net Interest Income | -36.20 | -71.20 | -70.10 | -71.30 |
| Other Non Operating Income Expenses | -12.20 | 0.30 | 2.60 | -1.10 |
| Other Income Expense | -12.20 | -75.30 | -45 | -145.90 |
| Interest Income Non Operating | 1.60 | 2.80 | 6.10 | 5.40 |
| Interest Expense Non Operating | 37.80 | 74 | 76.20 | 76.70 |
| Net Non Operating Interest Income Expense | -36.20 | -71.20 | -70.10 | -71.30 |
| Pretax Income | -8.60 | 51.40 | 99.70 | -21.90 |
| Tax Provision | 11.10 | 4.50 | 14.70 | 11.60 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | 0 | -6.65 | -7.04 | -30.41 |
| Net Income Continuous Operations | -19.70 | 46.10 | 84.60 | -33.20 |
| Net Income From Continuing And Discontinued Operation | -27.10 | 42.10 | 82.30 | -36.90 |
| Net Income From Continuing Operation Net Minority Interest | -27.10 | 42.10 | 82.30 | -36.90 |
| Net Income | -27.10 | 42.10 | 82.30 | -36.90 |
| Net Income Common Stockholders | -27.10 | 42.10 | 82.30 | -36.90 |
| Net Income Including Noncontrolling Interests | -19.70 | 46.10 | 84.60 | -33.20 |
| Normalized Income | -27.10 | 111.05 | 122.86 | 77.49 |
| Diluted NI Availto Com Stockholders | -27.10 | 42.10 | 82.30 | -36.90 |
| Basic Average Shares | 73.16 | 75.48 | 73.29 | 68.98 |
| Diluted Average Shares | 73.16 | 76.02 | 73.95 | 68.98 |
| Reconciled Depreciation | 190.60 | 155.10 | 155.10 | 140.50 |
| Reconciled Cost Of Revenue | 2,593.30 | 2,657.10 | 2,208.90 | 2,247.30 |
| Total Unusual Items | 0 | -75.60 | -47.60 | -144.80 |
| Total Unusual Items Excluding Goodwill | 0 | -75.60 | -47.60 | -144.80 |
| Minority Interests | -7.40 | -4 | -2.30 | -3.70 |
| Earnings From Equity Interest Net Of Tax | 0 | -0.80 | -0.40 | 0.30 |
| Special Income Charges | 0 | -75.60 | -47.60 | -144.80 |
| Impairment Of Capital Assets | 0 | 41.20 | 16.80 | 130 |
| Restructuring And Mergern Acquisition | 0 | 34.40 | 30.80 | 14.80 |
| Earnings From Equity Interest | 0 | - | - | - |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| MillerKnoll, Inc.this co. | MLKN | $1.0B | -27.33 | 0.79 | -2.9% | 13.45 |
| MasterBrand, Inc. | MBC | $1.1B | 39.88 | 0.79 | 2.0% | 9.61 |
| Papa John's International, Inc. | PZZA | $1.1B | 34.79 | -2.39 | -6.9% | 10.83 |
| Douglas Dynamics, Inc. | PLOW | $1.0B | 22.07 | 3.68 | 16.7% | 14.00 |
| ACV Auctions Inc. | ACVA | $1.0B | - |
| - |
| - |
| - |
| - |
| - |
| 2.39 |
| -15.4% |
| - |
| Accel Entertainment, Inc. | ACEL | $982M | 19.09 | 3.64 | 19.1% | 7.02 |
| Arhaus, Inc. | ARHS | $940M | 13.97 | 2.25 | 16.1% | 7.10 |
| Biglari Holdings Inc. | BH | $930M | -24.80 | 1.78 | -7.2% | 151.51 |
| Petco Health and Wellness Company, Inc. | WOOF | $926M | 102.17 | 0.80 | 0.8% | 10.95 |
| Peer Median | - | 22.07 | 2.01 | 1.4% | 10.83 | |