What is MillerKnoll's invested capital?

MillerKnoll (MLKN) reported invested capital of $2.98B in Q4 2025.

How has MillerKnoll's invested capital changed year-over-year?

MillerKnoll's invested capital increased by 1.3% year-over-year, from $2.94B to $2.98B.

What is the long-term trend for MillerKnoll's invested capital?

Over 4 years (2021 to 2025), MillerKnoll's invested capital has grown at a 31.4% compound annual growth rate (CAGR), from $979M to $2.92B.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

MillerKnoll MLKN Invested capital

Discontinued — last reported Q3 '26

Invested capital at other companies

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18.8%+0.1pp

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12.2%+0.5pp

Cabot CorporationCBT

14.7%-6.0pp

UnifirstUNF

6.2%-0.9pp

Envista Holdings CorporationNVST

3.4%+1.8pp

Liberty Broadband CorporationLBRDK

-0.3%-0.1pp

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+2.9%

Enterprise value$2.82B+1.0%

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

See full

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.

$1.8Btotal debt+$1.3Btotal stockholders equity−$174.6Mcash and equivalents=$2.98B

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 invested capital?: MillerKnoll (MLKN) reported invested capital of $2.98B in Q4 2025.
How has MillerKnoll's invested capital changed year-over-year?: MillerKnoll's invested capital increased by 1.3% year-over-year, from $2.94B to $2.98B.
What is the long-term trend for MillerKnoll's invested capital?: Over 4 years (2021 to 2025), MillerKnoll's invested capital has grown at a 31.4% compound annual growth rate (CAGR), from $979M to $2.92B.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).