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MillerKnoll MLKN Workers' compensation expense

Workers' compensation expense at other companies

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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$1.64B+20.7%
Enterprise value$3.28B+9.0%
P/E17.9×
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 mlkn:LaborAndRelatedExpenseWorkersCompensationExpense.

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

The Company recognized employee health benefit expense of $59.3 million, $54.0 million, and $52.8 million for the years ended May 30, 2026, May 31, 2025, and June 1, 2024, respectively. Workers' compensation expense totaled $1.6 million, $3.4 million, and $2.5 million for the years ended May 30, 2026, and May 31, 2025, and June 1, 2024.

Item 8 Financial Statements and Supplementary Data

FAQ

What is MillerKnoll's workers' compensation expense?
MillerKnoll (MLKN) reported workers' compensation expense of $400K in Q1 2026.
How has MillerKnoll's workers' compensation expense changed year-over-year?
MillerKnoll's workers' compensation expense decreased by 52.9% year-over-year, from $850K to $400K.
What is the long-term trend for MillerKnoll's workers' compensation expense?
Over 2 years (2024 to 2026), MillerKnoll's workers' compensation expense has grown at a -20.0% compound annual growth rate (CAGR), from $2.5M to $1.6M.
What does workers' compensation expense mean?
Expenses related to insurance premiums or direct payments for employee injuries or illnesses sustained in the workplace. This metric reflects the company's operational risk management and safety performance within its manufacturing and distribution facilities.

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