MillerKnoll AI Stock Analysis
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MillerKnoll (MLKN) AI Stock Analysis
MillerKnoll
(NASDAQ:MLKN)
MLKN scores in the middle of the range primarily due to a mixed financial profile: improving profitability and solid free cash flow are offset by weak revenue momentum and meaningful leverage. Valuation (mid-teens P/E with a ~3.5% yield) provides some support, while technicals are largely neutral and the latest earnings call was constructive on execution and orders but tempered by declining sales/backlog and reduced full-year sales guidance.
MillerKnoll Key Performance Indicators (KPIs)
Operating Income by SegmentReveals profitability across different business units, highlighting which segments are driving earnings and which may need strategic adjustments.
Americas is now the primary profit engine — big, consistent positive quarters that align with management’s North America contract strength and price capture — while International is volatile and trending weaker, validating the call’s concern about margin compression and order softness. Retail is lumpy: a severe loss tied to Holly Hunt/restructuring was followed by an outsized rebound, underscoring brand-specific execution risk and one-off effects. Corporate remains a steady multi‑million drag, capping consolidated margin recovery even as management layers pricing and store investments.
The FlyMillerKnoll (MLKN) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $1.51B
- Dividend Yield
- 3.43%
- Average Volume (3M)
- 562.43K
- Price to Earnings (P/E)
- 15.5
- Beta (1Y)
- 1.32
- Revenue Growth
- 1.20%
- EPS Growth
- ―
- Country
- US
- Employees
- 10,544
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Furnishings, Fixtures & Appliances
MillerKnoll Business Overview & Revenue Model
Company Description
MillerKnoll, Inc. is a global entity dedicated to the research, design, manufacturing, and distribution of a comprehensive range of interior furnishings. The company's operations are divided into four primary business segments: Americas Contract, Int...
How the Company Makes Money
MillerKnoll makes money primarily by designing, manufacturing, and selling furnishings and related solutions to business, institutional, and consumer customers. Its revenue model is largely product-sales driven, with sales generated through (1) contr...
MillerKnoll Earnings Call Summary
The call was broadly constructive. Management reported improved adjusted profitability, strong cash generation, growth in consolidated orders, robust International Contract orders, continued North America retail order growth, and progress from cost and store initiatives. These positives were tempered by a 3.4% decline in sales, lower backlog, weaker North America and International Contract sales, a significant International Contract margin decline, early-quarter retail softness, tariff costs, inflationary pressure, and reduced full-year sales guidance. Overall, the highlights outweighed the lowlights, but management remained focused on execution and demand timing.
Q1-2027 Updates
Positive Updates
Negative Updates
Company Guidance
For the second quarter of fiscal 27, MillerKnoll expects net sales of $972 million to $1.012 billion, representing approximately 4% year over year growth at the midpoint, gross margin of 38.3% to 39.3%, adjusted operating expenses of $321 million to $331 million, and adjusted diluted earnings per share of $0.43 to $0.49; for the full year, it reduced expected net sales to $3.88 billion to $4.03 billion, reflecting 3% growth year over year at the midpoint, while maintaining adjusted earnings per share of $1.85 to $2.15, including an estimated $0.07 per share of unfavorable impact from the most recent US and Canada tariff actions and approximately $6 million per quarter of incremental new store expense on a year over year comparison; it expects to open 5 to 7 new stores during the second quarter and approximately 14 to 18 new store openings throughout fiscal 2027, expects North America contract growth for the balance of the year, and expects price cost to be a slight headwind, call it 20 percent 30 basis points year over year in the second quarter.
MillerKnoll Financial Statement Overview
Summary
Mixed fundamentals: profitability has improved to positive TTM net income with gross margin holding near ~39–40%, and cash flow is a relative strength (positive operating cash flow and solid free cash flow). Offsetting this, TTM revenue shows a sharp decline and leverage is meaningful (debt-to-equity ~1.28x), limiting cushion and deleveraging flexibility.
Income Statement
56NeutralBalance Sheet
54NeutralCash Flow
63Positive| Breakdown | TTM | May 2026 | May 2025 | May 2024 | May 2023 | May 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.81B | 3.84B | 3.67B | 3.63B | 4.09B | 3.95B |
| Gross Profit | 1.51B | 1.49B | 1.42B | 1.42B | 1.43B | 1.35B |
| EBITDA | 342.10M | 362.70M | 195.60M | 330.60M | 279.70M | 219.80M |
| Net Income | 97.90M | 91.50M | -36.90M | 82.30M | 42.10M | -27.10M |
Balance Sheet | ||||||
| Total Assets | 4.00B | 4.00B | 3.95B | 4.04B | 4.27B | 4.51B |
| Cash, Cash Equivalents and Short-Term Investments | 178.60M | 167.70M | 193.70M | 230.40M | 223.50M | 230.30M |
| Total Debt | 1.82B | 1.80B | 1.81B | 1.76B | 1.87B | 1.97B |
| Total Liabilities | 2.58B | 2.59B | 2.62B | 2.58B | 2.73B | 2.98B |
| Stockholders Equity | 1.36B | 1.34B | 1.28B | 1.39B | 1.43B | 1.43B |
Cash Flow | ||||||
| Free Cash Flow | 115.50M | 77.60M | 101.70M | 273.90M | 79.60M | -106.60M |
| Operating Cash Flow | 239.60M | 199.90M | 209.30M | 352.30M | 162.90M | -11.90M |
| Investing Cash Flow | -117.20M | -115.60M | -100.90M | -86.30M | -76.50M | -1.17B |
| Financing Cash Flow | -112.60M | -117.00M | -150.30M | -258.80M | -86.80M | 1.04B |
MillerKnoll Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MLKN, the sentiment is Positive. The current price of 21.84 is above the 20-day moving average (MA) of 21.48, above the 50-day MA of 21.13, and above the 200-day MA of 19.33, indicating a bullish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 52.68 is Neutral, neither overbought nor oversold. The STOCH value of 53.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MLKN.
MillerKnoll Risk Analysis
MillerKnoll disclosed 24 risk factors in its most recent earnings report. MillerKnoll reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksMillerKnoll Peers Comparison
Overall Rating
TILE72Outperform
KEQU67Neutral- MLKN60Neutral
ETD54Neutral
VIRC54Neutral
HNI53Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TILE | 72Outperform | $1.84B | 13.28 | 17.15% | 0.35% | 5.13% | 23.22% |
| KEQU | 67Neutral | $97.31M | 11.68 | 11.34% | ― | 5.33% | -33.32% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| MLKN | 60Neutral | $1.51B | 15.49 | 7.34% | 3.43% | 1.20% | ― |
| ETD | 54Neutral | $454.44M | 14.93 | 6.90% | 26.20% | -7.44% | -33.97% |
| VIRC | 54Neutral | $98.52M | -41.60 | -2.32% | 1.56% | -18.97% | -118.61% |
| HNI | 53Neutral | $3.56B | 111.41 | 2.92% | 2.82% | 104.43% | -84.48% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| MLKN | MillerKnoll, Inc. | 21.84 | 7.59 | 53.23% | |
| ETD | Ethan Allen Interiors | 18.36 | -0.33 | -1.78% | |
| HNI | Hni Corp | 49.02 | 11.30 | 29.96% | |
| TILE | Interface Inc | 31.73 | 5.82 | 22.45% | |
| KEQU | Kewaunee Scientific | 33.41 | -6.64 | -16.59% | |
| VIRC | Virco Manufacturing | 6.41 | -0.58 | -8.25% |
MillerKnoll Corporate Events
MillerKnoll Names Jeff Stutz Permanent Chief Executive Officer
PositiveOn October 21, 2026, MillerKnoll announced that its Board of Directors unanimously appointed longtime executive Jeff Stutz as Chief Executive Officer and a member of the Board, effective immediately, increasing the Board’s size from ten to eleven dir...
MillerKnoll Shareholders Approve 2026 Long-Term Incentive Plan
PositiveAt its annual meeting of shareholders held on October 12, 2026, MillerKnoll, Inc. obtained shareholder approval for a new 2026 Long-Term Incentive Plan that replaces the plan adopted in 2025 and authorizes up to 23,964,945 shares for a broad range of...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 21, 2026