| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 85 | 16.1x | 17.8x | Top tier | |
Growth | 72 | 4.7% | 7.1% | Top tier | |
Quality | 47 | 5.3% | 4.5% | Around median | |
Safety | 41 | 4.4x | 2.6x | Around median | |
Capital Return | 60 | 3.54% | 2.12% | Around median | |
Momentum | 66 | 14.6% | 2.9% | Around median | |
Sentiment | 64 | 3 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
MillerKnoll operates through three interconnected segments: North America Contract, International Contract, and Global Retail for residential and professional furniture. Its portfolio includes brands and channels such as Herman Miller, Design Within Reach, HAY, Muuto, and Holly Hunt, while it generates revenue from customer and dealer projects and direct sales through stores. In Q4 fiscal 2026, North America Contract was the largest contributor, with revenue of $530 million, compared with $295 million for Global Retail and $179 million for International Contract.
In Q4 fiscal 2026, revenue exceeded $1 billion and increased 4.4% year over year, or 3.7% organically, supported by North America Contract and Global Retail. Gross profit was $395.6 million, with a reported gross margin of 39.4%, up 20 basis points, and net income reached $23.6 million. Adjusted earnings per share were $0.55, at the high end of the company's guidance range, but declined from $0.60 in the comparable period.
In fiscal 2026, MillerKnoll recorded revenue of $3.8 billion, gross profit of $1.5 billion, and net income of $91.5 million, with reported earnings per share of $1.32 and adjusted earnings per share of $1.86. The company generated operating cash flow of $200 million, spent $122 million on capital expenditures, reduced debt by $41 million, and returned $67 million to shareholders through $51 million in dividends and $16 million in share repurchases.
Analyst consensus on MLKN stock is Neutral, and the displayed price-to-earnings ratio does not provide a comparable valuation anchor, despite earnings per share of $1.32 in fiscal 2026. The stock's 52-week range is between $13.77 and $24.71, while the recovery in revenue and cash flow should be weighed against declining orders and backlog, pressure on International Contract and retail margins, and a net debt-to-earnings before interest, taxes, depreciation, and amortization ratio of 2.8 times.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
MillerKnoll's revenue exceeded $1 billion in Q4 fiscal 2026, up 4.4% year over year and 3.7% organically. Growth came primarily from North America Contract, where sales increased 6.9% to $530 million, and Global Retail, which grew 5.5% to $295 million. Gross profit was $395.6 million, with a reported margin of 39.4%, while net income was $23.6 million and adjusted earnings per share were $0.55.
The company expects revenue between $3.93 billion and $4.13 billion in fiscal 2027, with growth of 5% at the midpoint. Adjusted earnings-per-share guidance ranges between $1.85 and $2.15, representing an increase of 7.5% at the midpoint. For Q1 fiscal 2027, management set revenue between $928 million and $968 million, gross margin between 38.7% and 39.7%, and adjusted earnings per share between $0.33 and $0.39.
The company opened 8 Herman Miller stores and 7 Design Within Reach stores in fiscal 2026. In fiscal 2027, it plans to open 9 to 11 Herman Miller stores and 5 to 7 Design Within Reach stores. The strategy focuses on the smaller Herman Miller store format, with an area of approximately 1,800 square feet, which management said reaches productivity quickly and achieves payback in less than three years.
Automated analysis for informational purposes only — not investment advice.
Consolidated orders totaled $972 million in Q4 fiscal 2026, down 6.3% as reported and 6.9% organically. The comparable period included a $55 million to $60 million pull-forward ahead of price increases and surcharges, so the adjusted decline was only approximately 1%. Nevertheless, backlog declined 10.8% to $679 million, and quarterly sales also benefited from shipping some orders that had been expected to carry over into Q1 fiscal 2027.
International Contract sales declined to $179 million in Q4 fiscal 2026, down 3.8% as reported and 5.8% organically. Orders declined 8.7% as reported and 10.6% organically, with weakness in parts of Europe, the United Kingdom, Asia, and Latin America, offset by improvement in China and India. Adjusted operating margin declined 470 basis points to 8.2% due to lower sales, geographic mix, currencies, spending timing, and the environment related to the Middle East conflict.
The company generated $200 million in operating cash flow in fiscal 2026, compared with capital expenditures of $122 million. It reduced outstanding debt by $41 million and returned $67 million to shareholders through $51 million in dividends and $16 million in share repurchases. At the end of Q4 fiscal 2026, liquidity totaled $572 million and the net debt-to-earnings before interest, taxes, depreciation, and amortization ratio was 2.8 times, while management targets a medium-term range between 2 times and 2.5 times.
