# MillerKnoll, Inc. Common Stock (MLKN) — Stock CV

MillerKnoll, Inc. is a $1.44B consumer company. Revenue grew 1.2% over the last year, and it keeps 3¢ of every dollar of sales as profit. It trades at 14.7× earnings — in the cheapest third of its own history.

> MillerKnoll Inc, formerly Herman Miller Inc researches, designs, manufactures, sells, and distributes interior furnishings across the globe. The Company has three reportable segments: Americas Contract, International Contract, and Global Retail.

## Identity

- **Ticker**: MLKN
- **Sector**: Consumer Cyclical
- **Industry**: Office Furniture
- **Headquarters**: ZEELAND, MI
- **Employees**: 10 544
- **Website**: https://www.millerknoll.com
- **Market cap**: $1.44B
- **Last price**: $20.88
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $3.81B
- **Net income**: $97.9M
- **Free cash flow**: $116M
- **P/E**: 14.7
- **Revenue growth (YoY)**: 1.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 100 |
| Growth | 25 |
| Profitability | 16 |
| Health | 31 |
| Quality | 97 |
| Moat | 49 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +1.2% YoY
- [x] Profitable — $97.9M TTM
- [x] Profit growing — +33.6% YoY
- [x] Generates cash — $116M TTM
- [x] Debt under control — current ratio 1.65
- [ ] Established company — $1.44B market cap
- [x] Not printing shares — +8.2% shares over ~5y
- [x] Proven track record — 8/11 profitable years
- [ ] Financially stable — Altman Z 1.0 — distress
- [x] Pays a dividend — yield 3.56%
- [x] Valuation not extreme — P/E 14.7

## Experience (career milestones)

- **Sep 22, 2026** — Beat EPS estimate by 16%: reported $0.42 vs $0.36 expected
- **Jul 19, 2021** — The acquisition was closed on July 19, 2021, and the company was rebranded as MillerKnoll
- **FY2021** — Became debt-free: cash now exceeds total debt
- **FY2021** — Best year on record: $173M net income
- **FY2016** — First recorded profitable year: $137M net income
- **FY2016** — Revenue already above $1B: $2.26B in first reported year
- **2010** — The firm acquired Colebrook Bosson Saunders, a designer and manufacturer of ergonomic furniture
- **1964** — This division developed the "Action Office" line in 1964 under the supervision of Robert Propst and with the design…
- **1919** — It was renamed the Michigan Star Furniture Co. under then-president Dirk Jan DePree
- **1867** — DePree and his father-in-law, Herman Miller, (born Harm Mulder on 7 September 1867 in Hoogemeeden, Groningen,…

## Strengths

- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- Altman Z-Score 1.00 — elevated financial-distress risk
- Net debt would take ~14.2 years of free cash flow to repay
- Loss-making in 3 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $3.95B | -$27.1M | -$107M |
| FY2023 | $4.09B | $42.1M | $79.6M |
| FY2024 | $3.63B | $82.3M | $274M |
| FY2025 | $3.67B | -$36.9M | $102M |
| FY2026 | $3.84B | $91.5M | $77.6M |

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Source: https://stockcv.com/MLKN — derived from company filings; may be delayed or incomplete. Information, not investment advice.