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Miller Industries

MLR

Miller Industries is a leading global manufacturer of towing and recovery equipment, specializing in the design and production of vehicle bodies for wreckers and car carriers.

Market cap
$620.96M+37.4%
Revenue$771.4M-21.0%
Net income$14.3M-66.3%
Free cash flow$112.7M+238%
EPS (diluted)$1.25-65.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$246.2M
EPS estimate$0.64

Financials

Q2 2026

Income statement

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Revenue$240.0M+12.1%
Gross profit$35.9M+3.9%
Net income$7.3M-14.1%
EPS (diluted)$0.63-13.7%

Balance sheet

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Cash & equivalents$55.6M+74.8%
Total debt$5.7M-89.7%
Total assets$609.1M-2.2%

Cash flow

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Operating cash flow$32.2M+18.3%
CapEx$4.2M+150%
Free cash flow$28.0M+9.7%

Valuation & ratios

Valuation

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Market cap$620.96M+37.4%
Enterprise value$571.04M+20.3%
P/E43.4×+32.8×
P/S0.8×+0.3×

Profitability

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Gross margin14.7%0.0pp
Net margin1.9%-2.5pp
FCF margin14.6%

Returns & leverage

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Current ratio2.5×-0.9×

Segments

By geography

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North America$193.5M+10.0%
Geographic Distribution Foreign$46.5M+22.1%

By segment

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Single Reporting$240.0M+12.1%

Competitors

Profile

Miller Industries is a leading global manufacturer of towing and recovery equipment, specializing in the design and production of vehicle bodies for wreckers and car carriers. The company operates manufacturing facilities across the United States and Europe, integrating its specialized bodies onto third-party chassis to serve professional towing operators and governmental entities.

Competitive position

The company is the world's largest manufacturer of towing and recovery equipment with a dominant market position supported by a loyal, largely exclusive distributor network.

GeographiesUnited States, Canada, Mexico, France, United Kingdom, Italy
Customer segmentsTowing and Recovery Operators, Government Agencies, Automotive Logistics
Business modelManufacturing, B2B Distribution
SuppliersChassis manufacturers, Steel and aluminum suppliers, Hydraulic component suppliers, Winch and pump manufacturers
CustomersIndependent towing equipment distributors, U.S. federal and defense agencies, Municipal governments, Commercial fleet operators
Listed1994
Employees1.6K
CEOWilliam G. Miller
IndustryAuto - Parts
FilingsSEC EDGAR

FAQ

What is Miller Industries's market cap?
Miller Industries (MLR) has a market capitalization of $621.0M and trades on NYSE.
What is Miller Industries's revenue and profitability?
Miller Industries generated $771.4M in trailing twelve-month revenue with net income of $14.3M, representing a net margin of 1.9%. Gross margin stands at 14.7%, with free cash flow of $112.7M. The latest reported period is Q2 2026.
Who are Miller Industries's competitors?
Miller Industries's key competitors include Wabash National Corporation, Oshkosh Corporation, Alamo Group, Inc., and others. These companies compete in similar markets and product categories.
Who does Miller Industries partner with?
Miller Industries's notable partners include United States General Services Administration.
What subsidiaries does Miller Industries have?
Miller Industries's subsidiaries include Omars - S.p.A, SHC, Inc., Jige International S.A., and others.
Where is Miller Industries headquartered?
Miller Industries is headquartered in United States of America and employs approximately 1,591 people. It has been publicly traded since 1994.