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MillerKnoll MLKN Operating margin

Operating margin at other companies

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8.2%+1.0pp
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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
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

Calculated from MillerKnoll’s reported figures.

operating income/total revenue=5.3%

Based on trailing twelve months.

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 operating margin?
MillerKnoll (MLKN) reported operating margin of 5.3% in Q4 2025.
How has MillerKnoll's operating margin changed year-over-year?
MillerKnoll's operating margin increased by 895.5% year-over-year, from 0.5% to 5.3%.
What is the long-term trend for MillerKnoll's operating margin?
Over 4 years (2021 to 2025), MillerKnoll's operating margin has grown at a -38.2% compound annual growth rate (CAGR), from 9.4% to 1.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.