MillerKnoll, Inc. (MLKN) Stock Price & Analysis
MillerKnoll, Inc. (MLKN) closed at USD 21.68 on Thursday, October 22, 2026, up 7.22% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 20.22; the Oct 22, 2026 session ranged USD 20.01–21.7 on volume of 495,873 shares. Market capitalization is $1.49B, with a 52-week range of USD 13.77–24.71 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MLKN.md
Key facts (MLKN)
- Last four reported quarters (through Aug 29, 2026): revenue $3.81B, net income $97.9M (2.6% margin), free cash flow $116M (SEC filings).
- Valuation: P/E 15.2x (avg 18.1x at the last 2 fiscal year-ends), EV/EBITDA 7.6x, net debt $1.12B.
- 3 of 80 tracked superinvestors hold MLKN (13F, Q2 2026): 0 new, 1 added, 2 reduced, 0 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (2 analysts), mean target USD 31.5 (range 30–33).
- Total return with dividends: 1Y +29.7% vs S&P 500 +14.9%; 5Y -34.5% vs S&P 500 +80.3%.
- Next earnings: 2026-12-16, EPS estimate USD 0.46, revenue estimate $987M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MLKN)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.95B | $4.09B | $3.63B | $3.67B | $3.84B | $3.81B |
| Gross profit | $1.35B | $1.43B | $1.42B | $1.42B | $1.49B | — |
| Operating income | $39.8M | $122M | $167M | $50.5M | $198M | $197M |
| Net income | -$27.1M | $42.1M | $82.3M | -$36.9M | $91.5M | $97.9M |
| EPS (diluted) | -$0.37 | $0.55 | $1.11 | -$0.54 | $1.32 | — |
| Free cash flow | -$107M | $79.6M | $274M | $102M | $77.6M | $116M |
| Gross margin | 34.3% | 35.0% | 39.1% | 38.8% | 38.8% | — |
| Operating margin | 1.0% | 3.0% | 4.6% | 1.4% | 5.2% | 5.2% |
| Net margin | -0.7% | 1.0% | 2.3% | -1.0% | 2.4% | 2.6% |
| Revenue growth | +60.1% | +3.6% | -11.2% | +1.1% | +4.7% | — |
| Cash + short-term investments | $230M | — | — | $194M | $168M | — |
| Total debt | $1.41B | $1.40B | $1.35B | $1.34B | $1.29B | — |
Fiscal years end May. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Aug 29, 2026) (MLKN)
P/E 15.2x · P/S 0.4x · EV/EBITDA 7.6x · EV/Sales 0.7x · P/FCF 12.9x · P/B 1.1x · FCF yield 7.74% · Earnings yield 6.56% · Dividend yield (paid, TTM) 3.43% · Net debt $1.12B · EV $2.61B
P/E at fiscal year-ends: May 2026 12.3x, Jun 2024 23.8x.
Superinvestors (SEC 13F-HR, Q2 2026) (MLKN)
3 of 80 tracked investors hold MLKN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Vulcan Value Partners | 0.52% | $17.1M | Reduced -36.7% | |
| Richard Pzena | Pzena Investment Management | 0.18% | $62.0M | Added +52.0% |
| Polen Capital | Polen Capital Management | <0.01% | $255K | Reduced -52.6% |
Analysts (MLKN)
Consensus Buy (mean 2.00 on a 1–5 scale), 2 analysts; mean target USD 31.5 (low 30, high 33).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-06 | StoneX | Upgrade | Hold → Buy | $30 |
Total return (dividends reinvested) (MLKN)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +29.7% | -34.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +29.8% | -8.1% |
| Volatility (annualized) | 48.7% | 45.6% |
| Max drawdown | -37.8% (Feb 2026→Mar 2026) | -64.2% (Nov 2021→May 2023) |
MLKN revenue by business segment (quarter ended Aug 29, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| North America Contract | $505.6M | 54.8% | -5.3% |
| Global Retail | $261.0M | 28.3% | +2.6% |
| International Contract | $156.8M | 17.0% | -6.4% |
| Total revenue | $923.4M | 100% | — |
MLKN revenue by product line (quarter ended Aug 29, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Workplace | $316.1M | 34.2% | -7.1% |
| Performance Seating | $87.8M | 9.5% | -2.8% |
| Lifestyle | $52.9M | 5.7% | -5.5% |
| Other | $48.8M | 5.3% | +3.2% |
| Total revenue | $923.4M | 100% | — |
MLKN revenue by region (quarter ended Aug 29, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| UNITED STATES | $670.8M | 72.6% | -3.4% |
| International | $252.6M | 27.4% | -3.3% |
| Total revenue | $923.4M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MLKN customer concentration
In the period ended May 30, 2026, a single direct customer accounted for 5% of revenue, per the company's 10-K filed Jul 20, 2026. The company does not name it.
MLKN company outlook (results filed Sep 22, 2026)
- “The Q2 FY2027 outlook excludes an expected $5.7 million in operating expense charges related to amortization of Knoll purchased intangibles and the related tax and earnings per share impact.”
Quoted word-for-word from the SEC 8-K results press release.
MLKN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Nov 2026) | $0.46 | $0.50 | -8.5% | $987.4M | 4 |
| Next quarter (ends Feb 2027) | $0.43 | $0.48 | -10.5% | $963.7M | 4 |
| Current fiscal year (ends May 2027) | $2.02 | $2.02 | +0.1% | $3.93B | 4 |
| Next fiscal year (ends May 2028) | $2.27 | $2.38 | -4.4% | $4.09B | 4 |
MLKN options: expected move
Options price a move of about ±23.9% (±$5.18) by Feb 19, 2027, which includes earnings on Dec 16, 2026. Over the last 8 reports the stock moved ±12.7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 51.9% | ±12.5% |
| Feb 19, 2027 | 119 | 50.8% | ±23.9% |
| May 21, 2027 | 210 | 52.1% | ±31.4% |
30-day implied volatility 48.2% vs 34.1% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:21 UTC)
| Price | USD 21.68 |
|---|---|
| Change | ▲ 7.22% (up) |
| Previous Close | USD 20.22 |
| Open | USD 20.01 |
| Day Range | USD 20.01 – 21.7 |
| 52-Week Range | USD 13.77 – 24.71 |
| Volume | 495,873 shares |
| Market Cap | $1.49B |
| Exchange | NMS |
Technical Analysis (MLKN)
Nexqual's technical model rates MLKN "BUY" based on 4 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 09:21 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 52.87 (neutral) |
| vs SMA50 | Above (USD 21.55) |
| MACD | -0 (negative) |
Analyst Ratings (MLKN)
Wall Street analysts rate MLKN "Buy" based on 2 analysts, with a mean price target of USD 31.5 (range USD 30–33), per Nexqual as of October 23, 2026 at 09:21 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 2 |
| Mean Target | USD 31.5 |
| High Target | USD 33 |
| Low Target | USD 30 |
| Buy / Hold / Sell | 2 / 0 / 0 |
Earnings (MLKN)
| Next Earnings Date | 2026-12-16 |
|---|---|
| EPS Estimate | USD 0.46 |
| Revenue Estimate | $987.35M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-08-31 | USD 0.53 vs est 0.36 ▲ beat |
| 2026-05-31 | USD 0.55 vs est 0.52 ▲ beat |
| 2026-02-28 | USD 0.43 vs est 0.45 ▼ miss |
| 2025-11-30 | USD 0.43 vs est 0.41 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financials & Fundamentals (MLKN)
| Total Revenue | $3.81B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -3.40% |
| Gross Margin | +39.59% |
| Operating Margin | +6.35% |
| Profit Margin | +2.57% |
| ROE | +7.35% |
| Debt / Equity | 1.28 |
| Current Ratio | 1.65 |
| Total Cash | $178.60M |
| Total Debt | $1.82B |
| Free Cash Flow (last four quarters to Aug 2026, SEC 10-Q / 10-K) | $115.50M (3.0% of revenue) |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financial Health Score (MLKN)
Nexqual rates MillerKnoll, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:21 UTC.
| Growth | Mixed — Revenue +4.7% YoY (annual), slow |
|---|---|
| Profitability | Solid — Gross margin 40%, operating 6% (last 12 months) |
| Balance Sheet | Mixed — $179M cash and investments vs $1.30B debt (Aug 2026, SEC) |
| Cash Flow | Mixed — FCF $116M (last 4 quarters to Aug 2026, SEC), slim 3.0% margin |
| Efficiency | Mixed — ROE 7%, ROA 3.4% |
Ownership (MLKN)
| Insider Ownership | +4.67% |
|---|---|
| Institutional Ownership | +99.15% |
| Shares Outstanding | 68.80M |
| Float | 67.36M |
| Short % of Float | +6.81% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Leadership (MLKN)
MillerKnoll, Inc. is led by Kevin J. Veltman, Chief Financial Officer, per Nexqual as of October 23, 2026 at 09:21 UTC.
| Chief Financial Officer | Kevin J. Veltman |
|---|---|
| Chief Strategy & Technology Officer | Megan C. Lyon |
| President of Global Retail | Debbie F. Propst |
| President of North America Contract | John P. Michael |
Major Backers & Investors (MLKN)
Notable institutional backers of MillerKnoll, Inc. include Pzena Investment Management LLC, Fuller & Thaler Asset Management Inc., Deprince, Race & Zollo, Inc., according to Nexqual as of October 23, 2026 at 09:21 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Pzena Investment Management LLC | 4.41% |
| Fuller & Thaler Asset Management Inc. | 4.15% |
| Deprince, Race & Zollo, Inc. | 3.72% |
| UNDISCOVERED MANAGERS Fd.S-Undiscovered Managers Behavioral Value Fd. | 3.44% |
| FMR, LLC | 3.04% |
| Invesco | 2.85% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 15.14% |
| Vanguard Group | 11.96% |
| Dimensional Fund Advisors | 5.2% |
| State Street | 4.03% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
From MillerKnoll, Inc.'s Latest SEC 10-K Filing (filed 2026-07-20)
Key Strengths & Strategy (as disclosed to the SEC)
- Exclusive of royalty payments, the Company spent approximately $66.7 million, $60.7 million, and $62.0 million on design and research activities in fiscal 2026, 2025 and 2024, respectively.
- We believe that our unique differences contribute to our collective success.
Legal & Regulatory Risks (Item 1A, quoted)
- We may incur significant increased costs and become subject to additional potential liabilities related to regulatory, market and or legal related measures to address climate change.
- Government and other regulations could adversely affect our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:21 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt