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MillerKnoll MLKN Global Retail — Adjusted cost of sales

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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

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Return on equity0.8%-1.4pp
Debt / equity1.4×-0.1×
Current ratio1.6×0.0×

Where this comes from

Reported directly by MillerKnoll in its filing.

Tagged under the XBRL concept mlkn:CostOfSalesAdjusted.

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 global retail — adjusted cost of sales?
MillerKnoll (MLKN) reported global retail — adjusted cost of sales of $159.1M in Q4 2025.
How has MillerKnoll's global retail — adjusted cost of sales changed year-over-year?
MillerKnoll's global retail — adjusted cost of sales increased by 11.0% year-over-year, from $143.3M to $159.1M.
What is the long-term trend for MillerKnoll's global retail — adjusted cost of sales?
Over 2 years (2023 to 2025), MillerKnoll's global retail — adjusted cost of sales has grown at a -12.1% compound annual growth rate (CAGR), from $731.8M to $565.2M.
What does global retail — adjusted cost of sales mean?
Includes the direct costs attributable to the production and delivery of goods sold within the retail segment, adjusted for non-recurring or non-operational items. Monitoring this metric helps assess the direct margin efficiency and production cost management of the retail business.