MillerKnoll, Inc
MillerKnoll, Inc. designs, manufactures, sells, and distributes interior furnishings for residential, office, healthcare, and educational environments. Its business combines contract office furniture through dealer networks with retail and direct-to-consumer design brands, supported by eCommerce, showrooms, and related services.
Fiscal year 2026 · change from previous year
Development 2021–2026
Business
Share of revenueFurniture products and textiles sold through dealers for office, healthcare, and education in the U.S. and Canada.
Dealer-based furniture sales across Europe, the Middle East, Africa, Asia-Pacific, and Latin America.
Modern design furnishings and accessories sold through retailers, eCommerce, catalogs, and stores.
Products
Reported · share of revenue- Workplace39.3 %
- Lifestyle32.9 %
- Performance Seating22.1 %
- Other Products5.7 %
Source: 10-K FY2026, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
The company sells primarily to organizations that furnish workplaces, healthcare facilities, and schools, with purchases often routed through independent contract dealers. It also serves retailers and consumers seeking premium modern design products through direct and omnichannel retail channels. Government buyers are a smaller but meaningful end market, with U.S. federal sales disclosed as about 4% of fiscal 2024 net sales.
Office, healthcare, and education customers in the U.S. and Canada buying through independent dealers for project-based furnishing needs.
Organizations across EMEA, APAC, and Latin America buying dealer-sold furniture and textiles for commercial spaces.
Consumers and design-oriented shoppers purchasing modern furnishings, accessories, and premium home products.
Public-sector buyers purchasing office furniture and related products, with demand tied to budget cycles and procurement.
Strategy
Management is focused on integrating and optimizing the post-Knoll portfolio, while protecting margins through pricing, mix management, freight discipline, and cost actions. The company is also investing in facilities, showrooms, retail stores, equipment, and sustainability-related capital projects to support the brand portfolio and operating footprint.
The company needs to capture the expected benefits of the Knoll acquisition while limiting disruption and retention risk.
Lower volumes, commodity inflation, and mix pressure can erode profitability if not offset by pricing and logistics improvements.
Facilities, showrooms, retail stores, and equipment support product presentation, manufacturing capability, and customer reach.
Geography
Q1/2026MillerKnoll operates globally, with North America Contract covering the United States and Canada and International Contract spanning Europe, the Middle East, Africa, Asia-Pacific, and Latin America. The company manufactures primarily in the United States, while selling through dealer networks, retailers, showrooms, and eCommerce channels worldwide. Its exposure to tariffs, foreign exchange, and trade policy is meaningful because production is concentrated in the U.S. but sales are international.
Share of the revenue the company reports by geography.
Risks
The company is exposed to trade policy, tariffs, and foreign exchange because it manufactures primarily in the U.S. but sells globally. It also faces integration, dealer health, and demand risks tied to the Knoll acquisition, government procurement, and customer spending cycles, while goodwill and trade-name impairments can create large non-cash charges when brand performance weakens.
- U.S. trade policy and tariffsImpact: HighLikelihood: High
Higher tariffs and import/export restrictions can raise input costs and disrupt international trade flows.
Exposure: Manufacturing in the U.S. with global sales and sourcing
- Knoll acquisition integrationImpact: High
Expected synergies may take longer or cost more to realize, and integration can distract management and employees.
Exposure - Impairment of goodwill and indefinite-lived intangiblesImpact: High
Weak brand performance or lower fair values can trigger large non-cash impairment charges.
Exposure - Government procurement and budget pressureImpact: MediumLikelihood: Low
Public-sector spending changes can reduce demand for office furniture and related products.
Exposure: U.S. federal sales were about 4% of fiscal 2024 net sales
- Dealer and customer financial strengthImpact: Medium
The company relies heavily on independent dealers and project-based customers, so weakness can affect orders and collections.
Exposure: Contract channel and receivables
Accounting
Judgemental itemsAnnual and interim impairment testing can produce large non-cash charges when reporting unit values decline.
Impact: Holly Hunt and Global Retail goodwill; Knoll and Muuto trade names
Workforce reduction and acquisition-related costs can distort period-to-period operating expense trends.
Impact: Comparability of operating earnings and margins
Project-based contract sales and retail demand can vary by quarter, affecting trend interpretation.
Impact: Quarterly sales, orders, and margin comparability
Inventory levels, receivable collection timing, and compensation accruals drive operating cash flow volatility.
Impact: Cash from operations and liquidity
Similar listed companies
Publicly listed companies with a comparable business focus.
Ethan Allen Interiors Inc
ETD · Wood Household Furniture, (No Upholstered)
Hooker Furnishings Corporation
HOFT · Household Furniture
HNI Corporation
HNI · Office Furniture (No Wood)
HNI Corp designs, manufactures, and sells commercial furnishings for workplaces and also makes hearth products for residential use.
MasterBrand, Inc.
MBC · Wood Household Furniture, (No Upholstered)
Virco Manufacturing Corporation
VIRC · Public Bldg & Related Furniture
Virco Mfg.
RH
RH · Retail-Furniture Stores
RH is a U.S.-based luxury home furnishings retailer and lifestyle brand centered on curated furniture, lighting, textiles, décor, and related home categories.
Last updated: 24/09/2026