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MillerKnoll MLKN International Contract — Adjusted operating expenses

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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:OperatingExpensesAdjusted.

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 international contract — adjusted operating expenses?
MillerKnoll (MLKN) reported international contract — adjusted operating expenses of $42.7M in Q4 2025.
How has MillerKnoll's international contract — adjusted operating expenses changed year-over-year?
MillerKnoll's international contract — adjusted operating expenses increased by 10.3% year-over-year, from $38.7M to $42.7M.
What is the long-term trend for MillerKnoll's international contract — adjusted operating expenses?
Over 2 years (2023 to 2025), MillerKnoll's international contract — adjusted operating expenses has grown at a 4.6% compound annual growth rate (CAGR), from $152.9M to $167.3M.
What does international contract — adjusted operating expenses mean?
Represents the recurring costs of operating the international contract segment, including selling, general, and administrative expenses, adjusted for non-recurring items. This metric reflects the company's ability to manage overhead and scale its international business model effectively. Investors use this to assess the operational leverage and cost discipline of the segment.