MillerKnoll (MLKN) financial statements
MillerKnoll reported revenue of $3.8B in fiscal 2026, up 6.0% a year over 9 years.
Net income was $92M and the operating margin 5.2%, against 8.4% in 2017.
Free cash flow was $78M, and the company returned $51M in dividends.
The diluted share count rose 14% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MillerKnoll's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3B | $2.4B | $2.6B | $2.5B | $2.5B | $3.9B | $4.1B | $3.6B | $3.7B | $3.8B |
| Cost of revenue | $1.4B | $1.5B | $1.6B | $1.6B | $1.5B | $2.6B | $2.7B | $2.2B | $2.2B | $2.4B |
| Gross profit | $864M | $873M | $930M | $911M | $951M | $1.4B | $1.4B | $1.4B | $1.4B | $1.5B |
| Research and development | $59M | $57M | $59M | $54M | $72M | $109M | $106M | $93M | $94M | $100M |
| Selling, general and admin | $588M | $615M | $639M | $643M | $644M | $1.2B | $1.1B | $1.1B | $1.1B | $1.2B |
| Operating income | $191M | $179M | $204M | -$38M | $232M | $40M | $122M | $167M | $50M | $198M |
| Interest expense | $15M | $14M | $12M | $12M | $14M | $38M | $74M | $76M | $77M | $70M |
| Pre-tax income | $178M | $168M | $195M | -$13M | $228M | -$9M | $51M | $100M | -$22M | $128M |
| Income tax | $55M | $42M | $40M | $6M | $48M | $11M | $4M | $15M | $12M | $32M |
| Net income | $124M | $128M | $160M | -$9M | $175M | -$27M | $42M | $82M | -$37M | $92M |
| EPS (diluted) | $2.05 | $2.12 | $2.70 | -$0.15 | $2.94 | -$0.37 | $0.55 | $1.11 | -$0.54 | $1.32 |
| Diluted shares | 61M | 60M | 59M | 59M | 59M | 73M | 76M | 74M | 69M | 69M |
| Gross margin | 37.9% | 36.7% | 36.2% | 36.6% | 38.6% | 34.3% | 35.0% | 39.1% | 38.8% | 38.8% |
| Operating margin | 8.4% | 7.5% | 7.9% | -1.5% | 9.4% | 1.0% | 3.0% | 4.6% | 1.4% | 5.2% |
| Net margin | 5.4% | 5.4% | 6.3% | -0.3% | 7.1% | -0.7% | 1.0% | 2.3% | -1.0% | 2.4% |
Balance sheet
Fiscal years, from MillerKnoll's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $105M | $212M | $168M | $461M | $404M | $230M | $224M | $230M | $194M | $168M |
| Receivables | $187M | $217M | $218M | $180M | $205M | $349M | $334M | $308M | $350M | $357M |
| Inventory | $152M | $162M | $184M | $197M | $229M | $587M | $487M | $429M | $448M | $488M |
| Total current assets | $492M | $645M | $661M | $917M | $906M | $1.3B | $1.2B | $1.1B | $1.1B | $1.1B |
| Property, plant and equipment | $315M | $331M | $349M | $331M | $327M | $582M | $536M | $492M | $496M | $511M |
| Goodwill | $304M | $304M | $304M | $346M | $364M | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B |
| Total assets | $1.3B | $1.5B | $1.6B | $2.1B | $2.1B | $4.5B | $4.3B | $4.0B | $4.0B | $4.0B |
| Total current liabilities | $386M | $414M | $446M | $470M | $476M | $877M | $703M | $698M | $704M | $721M |
| Long-term debt | $200M | $275M | $282M | $540M | $275M | $1.4B | $1.4B | $1.3B | $1.3B | $1.3B |
| Total liabilities | $694M | $784M | $830M | $1.4B | $1.1B | $3.0B | $2.7B | $2.6B | $2.6B | $2.6B |
| Shareholders' equity | $588M | $665M | $719M | $652M | $860M | $1.4B | $1.4B | $1.4B | $1.3B | $1.3B |
| Net debt | $104M | $71M | $126M | $137M | -$119M | $1.2B | $1.2B | $1.1B | $1.1B | $1.1B |
Cash flow
Fiscal years, from MillerKnoll's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $202M | $166M | $216M | $222M | $332M | -$12M | $163M | $352M | $209M | $200M |
| Capital spending | $87M | $71M | $86M | $69M | $60M | $95M | $83M | $78M | $108M | $122M |
| Free cash flow | $115M | $96M | $131M | $153M | $272M | -$107M | $80M | $274M | $102M | $78M |
| Stock-based compensation | $9M | $8M | $7M | $3M | $9M | $31M | $20M | $21M | $32M | $26M |
| Dividends paid | $39M | $42M | $46M | $36M | $34M | $54M | $57M | $56M | $52M | $51M |
| Share buybacks (net) | -$24M | -$46M | -$48M | -$27M | -$900,000 | -$16M | -$16M | -$138M | -$85M | — |
| Net borrowing | $0 | -$150M | $0 | $50M | — | — | — | — | — | — |
| Free cash flow margin | 5.0% | 4.0% | 5.1% | 6.1% | 11.1% | -2.7% | 1.9% | 7.5% | 2.8% | 2.0% |
| Dividends per share | $0.65 | $0.70 | $0.77 | $0.62 | $0.58 | $0.74 | $0.75 | $0.75 | $0.75 | $0.74 |
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Open MLKN in InvestinglyQuestions
What was MillerKnoll's revenue in 2026?
$3.8B in fiscal 2026, from its 10-K filing.
How much free cash flow does MillerKnoll generate?
$78M in fiscal 2026 (operating cash flow minus capital spending).
From MillerKnoll's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.