Miller Industries, Inc. (MLR) Stock Price & Analysis
Miller Industries, Inc. (MLR) closed at USD 51.74 on Wednesday, October 28, 2026, up 0.12% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 51.68; the Oct 28, 2026 session ranged USD 50.9–51.98 on volume of 56,645 shares. Market capitalization is $587.36M, with a 52-week range of USD 35.72–59.7 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 01:57 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MLR.md
Key facts (MLR)
- Last four reported quarters (through Jun 30, 2026): revenue $771M, net income $14.3M (1.9% margin), free cash flow $113M (SEC filings).
- Valuation: P/E 41.0x (avg 13.0x at the last 3 fiscal year-ends), net cash $52.5M.
- Analysts: Hold (mean 2.50 on a 1–5 scale) (2 analysts), mean target USD 58 (range 52–64).
- Total return with dividends: 1Y +31.1% vs S&P 500 +13.6%; 5Y +57.9% vs S&P 500 +79.8%.
- Next earnings: 2026-11-04, EPS estimate USD 0.64, revenue estimate $246M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MLR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $717M | $848M | $1.15B | $1.26B | $790M | $771M |
| Gross profit | $69.9M | $82.4M | $152M | $171M | $120M | — |
| Net income | $16.3M | $20.3M | $58.3M | $63.5M | $23.0M | $14.3M |
| EPS (diluted) | $1.42 | $1.78 | $5.07 | $5.47 | $1.98 | — |
| Free cash flow | $6.1M | -$48.1M | -$1.1M | $1.5M | $85.0M | $113M |
| Gross margin | 9.7% | 9.7% | 13.2% | 13.6% | 15.2% | — |
| Net margin | 2.3% | 2.4% | 5.1% | 5.0% | 2.9% | 1.9% |
| Revenue growth | +10.2% | +18.3% | +35.9% | +9.0% | -37.2% | — |
| Cash + short-term investments | $54.3M | $40.2M | $29.9M | $24.3M | $44.7M | — |
| Total debt | — | $45.0M | $60.0M | $65.0M | $33.3M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MLR)
P/E 41.0x · P/S 0.8x · EV/Sales 0.7x · P/FCF 5.2x · P/B 1.4x · FCF yield 19.19% · Earnings yield 2.44% · Dividend yield (paid, TTM) 1.59% · Buyback yield (TTM) 1.37% · Net cash $52.5M · EV $535M
P/E at fiscal year-ends: Dec 2025 18.9x, Dec 2024 11.9x, Dec 2023 8.3x.
Analysts (MLR)
Consensus Hold (mean 2.50 on a 1–5 scale), 2 analysts; mean target USD 58 (low 52, high 64).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-10 | DA Davidson | Target raised | Buy | $56 → $64 |
Total return (dividends reinvested) (MLR)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +31.1% | +57.9% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +31.2% | +9.6% |
| Volatility (annualized) | 26.6% | 29.4% |
| Max drawdown | -12.6% (Oct 2025→Nov 2025) | -49.7% (Nov 2024→Nov 2025) |
MLR earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 5, 2026 | Quarter ended Jun 30, 2026 | $0.63 | $0.38 | Beat +65.8% | +7.1% |
| May 6, 2026 | Quarter ended Mar 31, 2026 | $0.05 | $0.22 | Miss −77.3% | -4.0% |
| Mar 4, 2026 | Quarter ended Dec 31, 2025 | $0.29 | $0.03 | Beat +$0.26 | +10.6% |
| Nov 5, 2025 | Quarter ended Sep 30, 2025 | $0.27 | $0.02 | Beat +$0.25 | -1.9% |
| Aug 6, 2025 | — | — | — | — | -4.0% |
| May 7, 2025 | — | — | — | — | +7.0% |
| Mar 6, 2025 | — | — | — | — | -12.8% |
| Mar 5, 2025 | — | — | — | — | -14.9% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
MLR recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Sep 4, 2026 | Schedule 13G/A | Neuberger Berman Group LLC, Neuberger Berman Investment Advisers LLC: 10.0% of shares, passive 5%+ holder (amended) |
| Aug 5, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 5, 2026 | 8-K | Quarterly results |
| Jul 31, 2026 | Schedule 13G/A | Vanguard Capital Management: 4.9% of shares, passive 5%+ holder (amended) |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
MLR revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| North America | $193.5M | 80.6% | +10.0% |
| Non Us | $46.5M | 19.4% | +22.1% |
| Total revenue | $240.0M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MLR suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Chevron (CVX) | “We design and manufacture bodies of car carriers and wreckers, which are installed on chassis manufactured by third parties, and sold to our customers under our Century®, Vulcan®, Chevron™, Holmes®, Challenger®, Champion®, Jige™, Boniface™, Omars™, Titan®, and Eagle® brand names.” |
| Customer | Miller Industries | “This acquisition will provide Miller Industries with additional capacity which we expect will improve our manufacturing flexibility and our ability to meet growing customer demands.” |
| Partner | Southern Hydraulic Cylinder | “In addition, our strategic investment in Southern Hydraulic Cylinder, Inc. in May 2023, allowed us to strengthen our efforts to enhance the stability of our supply chain.” |
Quoted from the company's 10-K filed Mar 4, 2026.
MLR company outlook (results filed Aug 5, 2026)
- “Guidance and Production Outlook The Company is re-affirming its previously issued revenue guidance of $850 million to $900 million for full year 2026 and expects earnings per share to be generally in line with full year 2025 results. Miller Industries expects production volumes to remain steady in the second half of 2026.”
- “Gross margins are expected to return to historical levels in the mid-13% range for full year 2026, with revenue mix continuing to shift toward historical levels of bodies and chassis. The statements in the 2026 guidance and production outlook provided above are forward looking.”
Quoted word-for-word from the SEC 8-K results press release.
MLR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.64 | $0.70 | -8.6% | $246.2M | 1 |
| Next quarter (ends Dec 2026) | $0.64 | $0.72 | -11.1% | $249.4M | 1 |
| Current fiscal year (ends Dec 2026) | $1.95 | $1.90 | +2.6% | $916.4M | 1 |
| Next fiscal year (ends Dec 2027) | $2.78 | $2.98 | -6.7% | $1.02B | 1 |
MLR options: expected move
Options price a move of about ±11.6% (±$6.00) by Nov 20, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±7.8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 23 | 60.3% | ±11.6% |
| Dec 18, 2026 | 51 | 40.9% | ±10.8% |
| Mar 19, 2027 | 142 | 36.9% | ±18.2% |
| Jun 17, 2027 | 232 | 35.4% | ±22.1% |
30-day implied volatility 44.8% vs 19.5% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 01:57 UTC)
| Price | USD 51.74 |
|---|---|
| Change | ▲ 0.12% (up) |
| Previous Close | USD 51.68 |
| Open | USD 51.68 |
| Day Range | USD 50.9 – 51.98 |
| 52-Week Range | USD 35.72 – 59.7 |
| Volume | 56,645 shares |
| Market Cap | $587.36M |
| Exchange | NYQ |
Technical Analysis (MLR)
Nexqual's technical model rates MLR "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 29, 2026 at 01:57 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 41.02 (neutral) |
| vs SMA50 | Below (USD 54.11) |
| MACD | -0.62 (negative) |
Analyst Ratings (MLR)
Wall Street analysts rate MLR "Hold" based on 2 analysts, with a mean price target of USD 58 (range USD 52–64), per Nexqual as of October 29, 2026 at 01:57 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 2 |
| Mean Target | USD 58 |
| High Target | USD 64 |
| Low Target | USD 52 |
| Buy / Hold / Sell | 1 / 1 / 0 |
Earnings (MLR)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 0.64 |
| Revenue Estimate | $246.15M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.63 vs est 0.38 ▲ beat |
| 2026-03-31 | USD 0.05 vs est 0.22 ▼ miss |
| 2025-12-31 | USD 0.29 vs est 0.03 ▲ beat |
| 2025-09-30 | USD 0.27 vs est 0.02 ▲ beat |
Source: Nexqual, October 29, 2026 at 01:57 UTC.
Financials & Fundamentals (MLR)
| Total Revenue | $771.44M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +12.10% |
| Gross Margin | +14.71% |
| Operating Margin | +4.48% |
| Profit Margin | +1.86% |
| ROE | +3.41% |
| Debt / Equity | 0.01 |
| Current Ratio | 2.46 |
| Total Cash | $55.63M |
| Total Debt | $5.71M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $112.73M (14.6% of revenue) |
Source: Nexqual, October 29, 2026 at 01:57 UTC.
Financial Health Score (MLR)
Nexqual rates Miller Industries, Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 01:57 UTC.
| Growth | Critical — Revenue -37% YoY (annual), sharp decline |
|---|---|
| Profitability | Weak — Gross margin 15%, operating 4% (last 4 quarters to Jun 2026, SEC) |
| Balance Sheet | Strong — $56M cash and investments vs $3M debt (Jun 2026, SEC), net cash |
| Cash Flow | Solid — FCF $113M (last 4 quarters to Jun 2026, SEC), 15% margin |
| Efficiency | Weak — ROE 3%, ROA 2.4% (last 4 quarters, SEC) |
Ownership (MLR)
| Insider Ownership | +5.28% |
|---|---|
| Institutional Ownership | +96.32% |
| Shares Outstanding | 11.35M |
| Float | 10.76M |
| Short % of Float | +4.58% |
Source: Nexqual, October 29, 2026 at 01:57 UTC.
Leadership (MLR)
Miller Industries, Inc. is led by William G. Miller, President, CEO & Director, per Nexqual as of October 29, 2026 at 01:57 UTC.
| President, CEO & Director | William G. Miller |
|---|---|
| Founder & Executive Chairman | William G. Miller |
| Executive VP, CFO & Treasurer | Deborah L. Whitmire |
| President of International & Military | Jeffrey I. Badgley |
| VP & Chief Revenue Officer | Vincent J. Tiano |
Major Backers & Investors (MLR)
Notable institutional backers of Miller Industries, Inc. include FMR, LLC, Neuberger Berman Group, LLC, Fidelity, according to Nexqual as of October 29, 2026 at 01:57 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 11.69% |
| Neuberger Berman Group, LLC | 9.95% |
| Fidelity | 7.74% |
| Hotchkis & Wiley Capital Management, LLC | 4.57% |
| Systematic Financial Management, L.P. | 4.06% |
| American Century Companies Inc | 2.73% |
| Goldman Sachs | 2.69% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.07% |
| Dimensional Fund Advisors | 6.1% |
| Vanguard Group | 4.3% |
Source: Nexqual, October 29, 2026 at 01:57 UTC.
From Miller Industries, Inc.'s Latest SEC 10-K Filing (filed 2026-03-04)
Key Strengths & Strategy (as disclosed to the SEC)
- The Champion® product line, which is generally lower-priced, allows us to offer a full line of car carriers at various competitive price points.
Legal & Regulatory Risks (Item 1A, quoted)
- Environmental and health and safety liabilities and requirements could require us to incur material costs.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ATMU | Atmus Filtration Technologies I | USD 45.09 | ▲ 0.2% |
| DORM | Dorman Products, Inc. | USD 129.74 | ▲ 4.37% |
| GTX | Garrett Motion Inc. | USD 22.33 | ▲ 1.45% |
| GNTX | Gentex Corporation | USD 20.07 | ▼ 0.69% |
| LKQ | LKQ Corporation | USD 17.19 | ▲ 0.53% |
| LEA | Lear Corporation | USD 116.89 | ▲ 0.21% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 01:57 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