What is MillerKnoll's adjusted cost of sales?

MillerKnoll (MLKN) reported adjusted cost of sales of $582.9M in Q3 2025.

How has MillerKnoll's adjusted cost of sales changed year-over-year?

MillerKnoll's adjusted cost of sales decreased by 1.8% year-over-year, from $593.4M to $582.9M.

What does adjusted cost of sales mean?

The direct costs attributable to the production of goods sold, excluding non-recurring or non-operational items like restructuring or integration costs. It provides a normalized view of the core manufacturing and supply chain efficiency.

MillerKnoll MLKN Adjusted cost of sales

Discontinued — last reported Q2 '26

Adjusted cost of sales at other companies

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$935.7M-2.9%

APO

Apogee EnterprisesAPOG

$280.88M+5.0%

Cronos GroupCRON

$25.39M+37.0%

CG OncologyCGON

$2.96M—

Carnival CorporationCCL

$4.23B+6.0%

EyePoint, Inc. EYPT

$528K-34.4%

Other financials

Income statement

See full

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

See full

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

See full

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+15.3%

Enterprise value$2.82B+6.1%

P/E109.2×+67.4×

P/S0.3×0.0×

Profitability

See full

Gross margin38.7%-0.2pp

Operating margin5.3%+4.8pp

Net margin0.3%-0.6pp

FCF margin2.2%-1.3pp

Returns & leverage

See full

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 January 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MillerKnoll's adjusted cost of sales?: MillerKnoll (MLKN) reported adjusted cost of sales of $582.9M in Q3 2025.
How has MillerKnoll's adjusted cost of sales changed year-over-year?: MillerKnoll's adjusted cost of sales decreased by 1.8% year-over-year, from $593.4M to $582.9M.
What does adjusted cost of sales mean?: The direct costs attributable to the production of goods sold, excluding non-recurring or non-operational items like restructuring or integration costs. It provides a normalized view of the core manufacturing and supply chain efficiency.