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MillerKnoll MLKN Operating Lease Liabilities

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Other financials

Income statement

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Revenue$1.0B+4.4%
Gross profit$395.6M+5.0%
Operating income$51.4M-6.5%
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$1.67B+22.7%
Enterprise value$3.3B+9.9%
P/E18.2×
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:OperatingLeaseLiabilityNoncurrent.

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 share and per share data)May 30, 2026May 31, 2025
Total current liabilities721.1703.8
Long-term debt1,260.61,310.6
Pension and post-retirement benefits7.07.1
Lease liabilities433.8413.4
Accrued warranty52.652.8
Other liabilities119.5127.4
Total Liabilities2,594.62,615.1
Redeemable noncontrolling interests63.359.3

Item 8 Financial Statements and Supplementary Data

FAQ

What is MillerKnoll's operating lease liabilities?
MillerKnoll (MLKN) reported operating lease liabilities of $433.8M in Q1 2026.
How has MillerKnoll's operating lease liabilities changed year-over-year?
MillerKnoll's operating lease liabilities increased by 4.9% year-over-year, from $413.4M to $433.8M.
What is the long-term trend for MillerKnoll's operating lease liabilities?
Over 5 years (2021 to 2026), MillerKnoll's operating lease liabilities has grown at a 14.4% compound annual growth rate (CAGR), from $221.1M to $433.8M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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