What is MillerKnoll's inventory turnover?

MillerKnoll (MLKN) reported inventory turnover of 5.1× in Q4 2025.

How has MillerKnoll's inventory turnover changed year-over-year?

MillerKnoll's inventory turnover decreased by 0.4% year-over-year, from 5.1× to 5.1×.

What is the long-term trend for MillerKnoll's inventory turnover?

Over 4 years (2021 to 2025), MillerKnoll's inventory turnover has grown at a -7.8% compound annual growth rate (CAGR), from 7.1× to 5.1×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

MillerKnoll MLKN Inventory turnover

Inventory turnover at other companies

HNIHNI

6.2×-1.0×

Williams-SonomaWSM

3×-0.3×

Restoration HardwareRH

2.1×+0.1×

La-Z-BoyLZB

4.2×+0.3×

ARH

Arhaus, Inc.ARHS

2.5×-0.2×

Mohawk IndustriesMHK

3.2×0.0×

Other financials

Income statement

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Revenue$926.6M+5.8%

Gross profit$352.9M+6.2%

Operating income$44.9M+155%

Net income$23.5M+285%

EPS (diluted)$0.34+279%

Balance sheet

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Cash & equivalents$174.6M+2.8%

Total debt$1.8B-2.1%

Total equity$1.3B+6.5%

Total assets$4.0B+1.4%

Cash flow

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Operating cash flow$61.1M-1.5%

CapEx$22.1M-4.7%

Free cash flow$39.0M+0.5%

Valuation

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Market cap$1.18B-6.2%

Enterprise value$2.82B-4.3%

P/E109.2×+67.4×

P/S0.3×0.0×

Profitability

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Gross margin38.7%-0.2pp

Operating margin5.3%+4.8pp

Net margin0.3%-0.6pp

FCF margin2.2%-1.3pp

Returns & leverage

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Return on equity0.8%-1.4pp

Debt / equity1.4×-0.1×

Current ratio1.6×0.0×

Where this comes from

Calculated from MillerKnoll’s reported figures.

total cost of revenue/inventories=5.1×

Based on trailing twelve months.

The official record: MillerKnoll’s 10-Q, filed March 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MillerKnoll's inventory turnover?: MillerKnoll (MLKN) reported inventory turnover of 5.1× in Q4 2025.
How has MillerKnoll's inventory turnover changed year-over-year?: MillerKnoll's inventory turnover decreased by 0.4% year-over-year, from 5.1× to 5.1×.
What is the long-term trend for MillerKnoll's inventory turnover?: Over 4 years (2021 to 2025), MillerKnoll's inventory turnover has grown at a -7.8% compound annual growth rate (CAGR), from 7.1× to 5.1×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.