InsiderClue
Stocks · Consumer discretionary · Office Furniture

MILLERKNOLL, INC.

MLKN Clue Score44
United States Fiscal year ends May CIK 0000066382
$20.88 +0.53% Close, 9 Oct 2026
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Price $20.88 −43.58% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue2,278.2Operating income191.1Net income123.9EPS, diluted2.05Fiscal year 2018Revenue2,381.2 +4.5%Operating income178.9Net income128.1 +3.4%EPS, diluted2.12 +3.4%Fiscal year 2019Revenue2,567.2 +7.8%Operating income203.5Net income160.5 +25.3%EPS, diluted2.70 +27.4%Fiscal year 2020Revenue2,486.6 −3.1%Operating income−37.9Net income−8.7 −105.4%EPS, diluted−0.15 −105.6%Fiscal year 2021Revenue2,465.1 −0.9%Operating income232.5Net income174.6EPS, diluted2.94Fiscal year 2022Revenue3,946.0 +60.1%Operating income39.8Net income−27.1 −115.5%EPS, diluted−0.37 −112.6%Fiscal year 2023Revenue4,087.1 +3.6%Operating income122.3Net income42.1EPS, diluted0.55Fiscal year 2024Revenue3,628.4 −11.2%Operating income167.2Net income82.3 +95.5%EPS, diluted1.11 +101.8%Fiscal year 2025Revenue3,669.9 +1.1%Operating income50.5Net income−36.9 −144.8%EPS, diluted−0.54 −148.6%Fiscal year 2026Revenue3,841.7 +4.7%Operating income198.3Net income91.5EPS, diluted1.32
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 2,278.2 2,381.2 2,567.2 2,486.6 2,465.1 3,946.0 4,087.1 3,628.4 3,669.9 3,841.7
Growth +4.5% +7.8% −3.1% −0.9% +60.1% +3.6% −11.2% +1.1% +4.7%
Operating income 191.1 178.9 203.5 −37.9 232.5 39.8 122.3 167.2 50.5 198.3
Net income 123.9 128.1 160.5 −8.7 174.6 −27.1 42.1 82.3 −36.9 91.5
Growth +3.4% +25.3% −105.4% −115.5% +95.5% −144.8%
EPS, diluted 2.05 2.12 2.70 −0.15 2.94 −0.37 0.55 1.11 −0.54 1.32
Growth +3.4% +27.4% −105.6% −112.6% +101.8% −148.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin37.9%Operating margin8.4%Net margin5.4%Free cash flow margin5.0%Fiscal year 2018Gross margin36.7%Operating margin7.5%Net margin5.4%Free cash flow margin4.0%Fiscal year 2019Gross margin36.2%Operating margin7.9%Net margin6.3%Free cash flow margin5.1%Fiscal year 2020Gross margin36.6%Operating margin−1.5%Net margin−0.3%Free cash flow margin6.1%Fiscal year 2021Gross margin38.6%Operating margin9.4%Net margin7.1%Free cash flow margin11.1%Fiscal year 2022Gross margin34.3%Operating margin1.0%Net margin−0.7%Free cash flow margin−2.7%Fiscal year 2023Gross margin35.0%Operating margin3.0%Net margin1.0%Free cash flow margin1.9%Fiscal year 2024Gross margin39.1%Operating margin4.6%Net margin2.3%Free cash flow margin7.5%Fiscal year 2025Gross margin38.8%Operating margin1.4%Net margin−1.0%Free cash flow margin2.8%Fiscal year 2026Gross margin38.8%Operating margin5.2%Net margin2.4%Free cash flow margin2.0%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 37.9% 36.7% 36.2% 36.6% 38.6% 34.3% 35.0% 39.1% 38.8% 38.8%
Operating margin 8.4% 7.5% 7.9% −1.5% 9.4% 1.0% 3.0% 4.6% 1.4% 5.2%
Net margin 5.4% 5.4% 6.3% −0.3% 7.1% −0.7% 1.0% 2.3% −1.0% 2.4%
Free cash flow margin 5.0% 4.0% 5.1% 6.1% 11.1% −2.7% 1.9% 7.5% 2.8% 2.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow202.1Capital expenditure−87.3Free cash flow114.8Buybacks−23.7Dividends paid−39.4Fiscal year 2018Operating cash flow166.5Capital expenditure−70.6Free cash flow95.9 −16.5%Buybacks−46.5Dividends paid−42.4Fiscal year 2019Operating cash flow216.4Capital expenditure−85.8Free cash flow130.6 +36.2%Buybacks−47.9Dividends paid−45.6Fiscal year 2020Operating cash flow221.8Capital expenditure−69.0Free cash flow152.8 +17.0%Buybacks−26.6Dividends paid−36.4Fiscal year 2021Operating cash flow332.3Capital expenditure−59.8Free cash flow272.5 +78.3%Buybacks−0.9Dividends paid−34.5Fiscal year 2022Operating cash flow−11.9Capital expenditure−94.7Free cash flow−106.6 −139.1%Buybacks−16.2Dividends paid−54.5Fiscal year 2023Operating cash flow162.9Capital expenditure−83.3Free cash flow79.6Buybacks−16.0Dividends paid−57.1Fiscal year 2024Operating cash flow352.3Capital expenditure−78.4Free cash flow273.9 +244.1%Buybacks−138.2Dividends paid−55.6Fiscal year 2025Operating cash flow209.3Capital expenditure−107.6Free cash flow101.7 −62.9%Buybacks−84.9Dividends paid−51.7Fiscal year 2026Operating cash flow199.9Capital expenditure−122.3Free cash flow77.6 −23.7%Dividends paid−51.1
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 202.1 166.5 216.4 221.8 332.3 −11.9 162.9 352.3 209.3 199.9
Capital expenditure −87.3 −70.6 −85.8 −69.0 −59.8 −94.7 −83.3 −78.4 −107.6 −122.3
Free cash flow 114.8 95.9 130.6 152.8 272.5 −106.6 79.6 273.9 101.7 77.6
Growth −16.5% +36.2% +17.0% +78.3% −139.1% +244.1% −62.9% −23.7%
Buybacks −23.7 −46.5 −47.9 −26.6 −0.9 −16.2 −16.0 −138.2 −84.9 n/a
Dividends paid −39.4 −42.4 −45.6 −36.4 −34.5 −54.5 −57.1 −55.6 −51.7 −51.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash96.2Total debt199.9Net cash (debt)−103.7Shareholders’ equity587.5Debt to equity0.34Fiscal year 2018Cash203.9Total debt275.0Net cash (debt)−71.1Shareholders’ equity664.6Debt to equity0.41Fiscal year 2019Cash159.2Total debt281.9Net cash (debt)−122.7Shareholders’ equity719.2Debt to equity0.39Fiscal year 2020Cash454.0Total debt539.9Net cash (debt)−85.9Shareholders’ equity652.4Debt to equity0.83Fiscal year 2021Cash396.4Total debt274.9Net cash (debt)121.5Shareholders’ equity860.5Debt to equity0.32Fiscal year 2022Cash230.3Total debt1,379.2Net cash (debt)−1,148.9Shareholders’ equity1,427.1Debt to equity0.97Fiscal year 2023Cash223.5Total debt1,365.1Net cash (debt)−1,141.6Shareholders’ equity1,432.6Debt to equity0.95Fiscal year 2024Cash230.4Shareholders’ equity1,385.1Fiscal year 2025Cash193.7Shareholders’ equity1,275.8Fiscal year 2026Cash167.7Shareholders’ equity1,342.6
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 96.2 203.9 159.2 454.0 396.4 230.3 223.5 230.4 193.7 167.7
Total debt 199.9 275.0 281.9 539.9 274.9 1,379.2 1,365.1 n/a n/a n/a
Net cash (debt) −103.7 −71.1 −122.7 −85.9 121.5 −1,148.9 −1,141.6 n/a n/a n/a
Shareholders’ equity 587.5 664.6 719.2 652.4 860.5 1,427.1 1,432.6 1,385.1 1,275.8 1,342.6
Debt to equity 0.34 0.41 0.39 0.83 0.32 0.97 0.95 n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending May, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 3 Jun 2017 FY2018 2 Jun 2018 FY2019 1 Jun 2019 FY2020 30 May 2020 FY2021 29 May 2021 FY2022 28 May 2022 FY2023 3 Jun 2023 FY2024 1 Jun 2024 FY2025 31 May 2025 FY2026 30 May 2026
Margins
37.9% 36.7% 36.2% 36.6% 38.6% 34.3% 35.0% 39.1% 38.8% 38.8%
8.4% 7.5% 7.9% −1.5% 9.4% 1.0% 3.0% 4.6% 1.4% 5.2%
7.8% 7.1% 7.6% −0.5% 9.3% −0.2% 1.3% 2.7% −0.6% 3.3%
5.4% 5.4% 6.3% −0.3% 7.1% −0.7% 1.0% 2.3% −1.0% 2.4%
5.0% 4.0% 5.1% 6.1% 11.1% −2.7% 1.9% 7.5% 2.8% 2.0%
Spending
2.6% 2.4% 2.3% 2.2% 2.9% 2.8% 2.6% 2.6% 2.6% 2.6%
25.8% 25.8% 24.9% 25.9% 26.1% 30.5% 27.6% 30.6% 30.9% 30.7%
3.8% 3.0% 3.3% 2.8% 2.4% 2.4% 2.0% 2.2% 2.9% 3.2%
31.0% 25.2% 20.3% n/a 21.2% n/a 8.8% 14.7% n/a 25.3%
Returns
21.1% 19.3% 22.3% −1.3% 20.3% −1.9% 2.9% 5.9% −2.9% 6.8%
9.5% 8.7% 10.2% −0.4% 8.4% −0.6% 1.0% 2.0% −0.9% 2.3%
Balance and payout
0.34 0.41 0.39 0.83 0.32 0.97 0.95 n/a n/a n/a
53.1% 53.0% 52.9% 66.2% 54.9% 66.0% 64.0% 63.9% 66.2% 64.9%
31.8% 33.1% 28.4% n/a 19.8% n/a 135.6% 67.6% n/a 55.8%
55.0% 92.7% 71.6% 41.2% 13.0% n/a 91.8% 70.8% 134.3% 65.9%