MLKNNasdaqOffice FurnitureUS GAAP · USD

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.

Kysy yhtiöstä
Liikevaihto3 842milj. USD
+4,7 %v/v
Liikevoitto (EBIT)198milj. USD
+292,7 %v/v
EBIT-marginaali5,2%
+3,8 %-yks.v/v
Nettotulos91,5milj. USD
+348,0 %v/v
Vapaa kassavirta77,6milj. USD
−23,7 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

01 0002 0003 0004 0005 000milj. USD2021: 2 465 milj. USD2021: EBIT 231 milj. USD20212022: 3 946 milj. USD2022: EBIT 40 milj. USD20222023: 4 087 milj. USD2023: EBIT 122 milj. USD20232024: 3 628 milj. USD2024: EBIT 167 milj. USD20242025: 3 670 milj. USD2025: EBIT 51 milj. USD20252026: 3 842 milj. USD2026: EBIT 198 milj. USD20263 842198
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: MillerKnoll, Inc

Liiketoiminta

Osuus liikevaihdosta
North America Contract55 %

Furniture products and textiles sold through dealers for office, healthcare, and education in the U.S. and Canada.

International Contract25 %

Dealer-based furniture sales across Europe, the Middle East, Africa, Asia-Pacific, and Latin America.

Global Retail20 %

Modern design furnishings and accessories sold through retailers, eCommerce, catalogs, and stores.

Tuotteet

Raportoitu · osuus liikevaihdosta
39,3%32,9%22,1%FY2026100 %
  • Workplace39,3 %
  • Lifestyle32,9 %
  • Performance Seating22,1 %
  • Other Products5,7 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

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.

North America contract dealers and end users

Office, healthcare, and education customers in the U.S. and Canada buying through independent dealers for project-based furnishing needs.

International contract customers

Organizations across EMEA, APAC, and Latin America buying dealer-sold furniture and textiles for commercial spaces.

Retail and direct-to-consumer buyers

Consumers and design-oriented shoppers purchasing modern furnishings, accessories, and premium home products.

Government agencies

Public-sector buyers purchasing office furniture and related products, with demand tied to budget cycles and procurement.

Strategia

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.

Post-acquisition integration and synergy realizationKeskipitkä aikaväli

The company needs to capture the expected benefits of the Knoll acquisition while limiting disruption and retention risk.

Margin protection through pricing and cost controlLyhyt aikaväli

Lower volumes, commodity inflation, and mix pressure can erode profitability if not offset by pricing and logistics improvements.

Capital investment in brand and operating footprintKeskipitkä aikaväli

Facilities, showrooms, retail stores, and equipment support product presentation, manufacturing capability, and customer reach.

Maantiede

Q1/2026

MillerKnoll 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.

USA71 %
Other countries (US filing)29 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

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.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →U.S. trade policy and tariffs1Government procurement and budget pressure4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. U.S. trade policy and tariffsVaikutus: KorkeaTodennäköisyys: Korkea

    Higher tariffs and import/export restrictions can raise input costs and disrupt international trade flows.

    Kohdistuu: Manufacturing in the U.S. with global sales and sourcing

  2. Knoll acquisition integrationVaikutus: Korkea

    Expected synergies may take longer or cost more to realize, and integration can distract management and employees.

    KohdistuuOperating structurePersonnel retentionCustomer relationships
  3. Impairment of goodwill and indefinite-lived intangiblesVaikutus: Korkea

    Weak brand performance or lower fair values can trigger large non-cash impairment charges.

    KohdistuuHolly HuntGlobal RetailKnollMuuto assets
  4. Government procurement and budget pressureVaikutus: KeskitasoTodennäköisyys: Matala

    Public-sector spending changes can reduce demand for office furniture and related products.

    Kohdistuu: U.S. federal sales were about 4% of fiscal 2024 net sales

  5. Dealer and customer financial strengthVaikutus: Keskitaso

    The company relies heavily on independent dealers and project-based customers, so weakness can affect orders and collections.

    Kohdistuu: Contract channel and receivables

Kysy Clarifolta: MillerKnoll, Inc

Kirjanpito

Harkinnanvaraiset erät
Goodwill impairment

Annual and interim impairment testing can produce large non-cash charges when reporting unit values decline.

Vaikutus: Holly Hunt and Global Retail goodwill; Knoll and Muuto trade names

Restructuring and integration charges

Workforce reduction and acquisition-related costs can distort period-to-period operating expense trends.

Vaikutus: Comparability of operating earnings and margins

Revenue and order seasonality

Project-based contract sales and retail demand can vary by quarter, affecting trend interpretation.

Vaikutus: Quarterly sales, orders, and margin comparability

Working capital and receivables

Inventory levels, receivable collection timing, and compensation accruals drive operating cash flow volatility.

Vaikutus: Cash from operations and liquidity

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Ethan Allen Interiors Inc

ETD · Wood Household Furniture, (No Upholstered)

Hooker Furnishings Corporation

HOFT · Household Furniture

HNI Corporation

HNI · Office Furniture (No Wood)

MasterBrand, Inc.

MBC · Wood Household Furniture, (No Upholstered)

Virco Manufacturing Corporation

VIRC · Public Bldg & Related Furniture

RH

RH · Retail-Furniture Stores

Päivitetty: 24.9.2026

MillerKnoll, Inc (MLKN) liikevaihto, tulos ja tunnusluvut 2026 – Clarifo