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MillerKnoll MLKN Operating Income

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Other financials

Income statement

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Revenue$1.0B+4.4%
Gross profit$395.6M+5.0%
Net income$23.6M+141%
EPS (diluted)$0.34+141%

Balance sheet

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Cash & equivalents$167.7M-13.4%
Total debt$1.8B-2.0%
Total equity$1.3B+5.2%
Total assets$4.0B+1.3%

Cash flow

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Operating cash flow$64.8M-8.6%
CapEx$38.9M-1.5%
Free cash flow$25.9M-17.5%

Valuation

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Market cap$1.61B+20.3%
Enterprise value$3.25B+8.7%
P/E17.6×
P/S0.4×+0.1×

Profitability

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Gross margin38.8%0.0pp
Operating margin5.2%+3.8pp
Net margin2.4%+1.8pp
FCF margin2%-0.8pp

Returns & leverage

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Return on equity7%+5.4pp
Debt / equity1.3×-0.1×
Current ratio1.6×0.0×

Where this comes from

Reported directly by MillerKnoll in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: MillerKnoll’s 10-K, filed July 20, 2026.

Filed
Jul 20, 2026, 4:07 PM EDT
Fiscal year
FY2026
Accession
0000066382-26-000092
(In millions, except per share data)Year Ended / May 30, 2026Year Ended / May 31, 2025Year Ended / June 1, 2024
Restructuring expenses11.914.830.8
Design and research100.393.892.6
Total operating expenses1,290.51,372.11,252.3
Operating earnings198.350.5167.2
Interest expense69.976.776.2
Interest and other investment income(4.1)(5.4)(6.1)
Other expense (income), net4.31.1(2.6)
Earnings (loss) before income taxes and equity income128.2(21.9)99.7

Item 8 Financial Statements and Supplementary Data

FAQ

What is MillerKnoll's operating income?
MillerKnoll (MLKN) reported operating income of $51.4M in Q1 2026.
How has MillerKnoll's operating income changed year-over-year?
MillerKnoll's operating income decreased by 6.5% year-over-year, from $55M to $51.4M.
What is the long-term trend for MillerKnoll's operating income?
Over 4 years (2022 to 2026), MillerKnoll's operating income has grown at a 49.4% compound annual growth rate (CAGR), from $39.8M to $198.3M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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