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Miller Industries MLR Business Segments — Cost of Goods Sold

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Other financials

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

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Market cap$617.67M+29.8%
Enterprise value$567.75M+13.6%
P/E43.2×+31.9×
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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Return on equity15.7%
Debt / equity0.1×
Current ratio2.5×-0.9×

Where this comes from

Reported directly by Miller Industries in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Miller Industries’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:24 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-091141
(in thousands, except share and per share amounts)Three Months Ended / June 30 / 2026Three Months Ended / June 30 / 2025Six Months Ended / June 30 / 2026Six Months Ended / June 30 / 2025
NET SALES$239,993$214,032$420,855$439,682
COST OF OPERATIONS204,057179,446359,238371,153
GROSS PROFIT35,93634,58661,61768,529
OPERATING EXPENSES:
Selling, general and administrative expenses25,17623,40449,12546,664
NON-OPERATING (INCOME) EXPENSES:
Interest expense, net352294498389
Other (income) expense, net338(479)324(682)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Miller Industries's business segments — cost of goods sold?
Miller Industries (MLR) reported business segments — cost of goods sold of $204.06M in Q2 2026.
How has Miller Industries's business segments — cost of goods sold changed year-over-year?
Miller Industries's business segments — cost of goods sold increased by 13.7% year-over-year, from $179.45M to $204.06M.
What is the long-term trend for Miller Industries's business segments — cost of goods sold?
Over 3 years (2022 to 2025), Miller Industries's business segments — cost of goods sold has grown at a -4.4% compound annual growth rate (CAGR), from $766.04M to $669.88M.
What does business segments — cost of goods sold mean?
This metric captures the direct costs associated with manufacturing and delivering the company's towing and recovery products, including raw materials, direct labor, and factory overhead. It serves as a primary indicator of production efficiency and the direct cost structure of the manufacturing segment. Monitoring this helps evaluate the impact of supply chain costs and production scaling on gross margins.

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