MLKN
Consumer CyclicalMillerKnoll, Inc. · Furnishings, Fixtures & Appliances · $1B
What is MillerKnoll, Inc.?
MillerKnoll, Inc. is a global interior furnishings company that designs, manufactures, and distributes office, residential, healthcare, and education furniture. Formerly known as Herman Miller, the company rebranded in November 2021 following its merger with Knoll.
MillerKnoll generates revenue across four segments: Americas Contract, International Contract, Global Retail, and Knoll. The company sells through its own sales force, independent dealers, retail studios, and e-commerce channels. Its products serve corporate offices, healthcare facilities, educational institutions, and residential customers. Retail operations include DWR, HAY, Herman Miller, Muuto, and Knoll branded stores, giving the company a direct-to-consumer presence alongside its commercial business.
Incorporated in 1905, MillerKnoll is headquartered in Zeeland, Michigan.
- Ergonomic office seating — Aeron, Embody, Cosm, Mirra, and Sayl chairs
- Office furniture systems and freestanding desking solutions
- Residential and home furnishings through DWR and HAY retail brands
- Healthcare and education furniture solutions
- Textiles, leather, storage products, and ergonomic accessories
Is MLKN a Good Stock to Buy?
UQS Score rates MLKN as Below Average overall.
The one area where MLKN stands out relative to its pillar profile is Valuation, which is rated Attractive — suggesting the market may already be pricing in the company's current challenges. This could appeal to investors who prioritize entry price over near-term business momentum.
Quality, Moat, Growth, and Risk are all rated Weak, reflecting broad fundamental headwinds across profitability, competitive positioning, revenue trajectory, and balance sheet resilience.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does MLKN pay dividends?
Yes — MillerKnoll, Inc. pays a dividend.
MillerKnoll pays a regular dividend, which may attract income-oriented investors despite the company's current fundamental challenges. Dividend sustainability is worth monitoring given the Weak Risk pillar rating. Investors should review the company's payout history and cash flow trends on its investor relations page before relying on the dividend as a primary return driver.
When does MLKN report earnings?
MillerKnoll reports earnings on a quarterly cadence, consistent with US-listed equities.
The company's Weak Growth and Quality pillar ratings suggest recent results have faced pressure across revenue and profitability metrics. Segment performance across commercial and retail channels has been uneven in a challenging demand environment for office furniture.
For the most recent quarter's results and guidance, visit MillerKnoll's investor relations page directly.
MLKN Price History
-57.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in MillerKnoll, Inc.?
Based on MillerKnoll, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
MLKN Long-term Outlook
With Growth and Quality both rated Weak, MillerKnoll's near-term fundamental trajectory faces meaningful headwinds. A recovery in corporate office spending and a stabilization of retail demand would be key catalysts for improvement. The Attractive Valuation rating indicates the stock may reflect much of the downside risk, but a re-rating would likely require visible progress on profitability and revenue trends. The Weak Risk pillar adds uncertainty to any recovery timeline.
Growth drivers
- Recovery in corporate office furniture demand as return-to-office trends mature
- Cross-selling opportunities across the combined Herman Miller and Knoll brand portfolio
- Expansion of direct-to-consumer retail and e-commerce channels
Key risks
- Sustained weakness in commercial real estate and office leasing activity
- Balance sheet and cash flow pressures flagged by the Weak Risk pillar
- Competitive pricing pressure in both contract and retail furniture markets
MLKN vs Peers
MillerKnoll operates in a competitive furnishings landscape alongside several other consumer-facing manufacturers.
MasterBrand focuses on cabinetry for residential construction and remodeling, giving it a different end-market exposure than MillerKnoll's office and contract furniture focus.
La-Z-Boy concentrates on upholstered residential furniture and operates its own retail network, competing with MillerKnoll primarily in the home furnishings segment.
Leggett & Platt is a diversified manufacturer of components used in furniture, bedding, and industrial products, overlapping with MillerKnoll at the supply-chain and seating-components level.
Frequently Asked Questions
What does MillerKnoll do?
MillerKnoll researches, designs, manufactures, and distributes interior furnishings worldwide. Its products span office seating, furniture systems, residential home furnishings, healthcare furniture, and educational environments. The company sells through dealers, its own retail studios, and e-commerce platforms under brands including Herman Miller, Knoll, DWR, HAY, and Muuto.
Does MLKN pay dividends?
Yes, MillerKnoll pays a regular dividend. However, given the company's Weak Risk pillar rating, investors should assess whether the payout is sustainable relative to current cash flow. Check the investor relations page for the latest dividend declaration and payment history.
When does MLKN report earnings?
MillerKnoll reports on a quarterly cadence, as is standard for US-listed companies. Our data source does not provide specific upcoming earnings dates. For the next scheduled report, refer to MillerKnoll's investor relations page.
Is MLKN a good stock to buy?
UQS Score rates MLKN as Below Average, with Weak ratings across Quality, Moat, Growth, and Risk. The Valuation pillar is rated Attractive, which may interest contrarian investors. Whether that valuation discount compensates for the fundamental weaknesses depends on your investment criteria and risk tolerance.
Is MLKN overvalued?
Based on the UQS Valuation pillar, MLKN is rated Attractive — meaning the stock does not appear overvalued relative to its fundamentals at current levels. That said, an attractive price alone does not offset the Weak ratings across the other four pillars. Pro members can view the full valuation metrics behind this rating.
How does MLKN compare to its competitors?
MillerKnoll competes with furnishings and components manufacturers including MasterBrand, La-Z-Boy, and Leggett & Platt. Each operates in adjacent segments of the broader furnishings market. UQS Pro members can view side-by-side pillar comparisons to see how MLKN's Quality, Moat, and Growth ratings stack up against peers.
What is MLKN's market cap bracket?
MillerKnoll is classified as a small-cap company. This places it below the large- and mega-cap tiers, which can mean lower liquidity and higher volatility relative to larger peers in the Consumer Cyclical sector.
Who founded MillerKnoll?
The company traces its roots to Herman Miller, Inc., which was incorporated in 1905. It rebranded as MillerKnoll in November 2021 following the acquisition of Knoll. Detailed founding history for both legacy companies is widely available through public sources and the company's own corporate history pages.
Is MLKN a long-term quality investment?
As a long-term quality indicator, the UQS Score rates MLKN as Below Average. Weak ratings across Quality, Moat, and Growth suggest the business currently lacks the durable competitive advantages and earnings consistency typically associated with long-term compounders. The Attractive Valuation may offer a margin of safety, but fundamental improvement would be needed to change the overall rating.
What is the main competitive advantage of MillerKnoll?
MillerKnoll's brand portfolio — spanning Herman Miller, Knoll, DWR, HAY, and Muuto — represents its most visible competitive asset, with several iconic product designs that carry strong recognition in commercial and design-conscious residential markets. However, the UQS Moat pillar is rated Weak, suggesting these advantages have not translated into durable financial outperformance at this time.
What sector does MLKN belong to?
MLKN is classified in the Consumer Cyclical sector. This means its business performance tends to be sensitive to broader economic conditions, consumer confidence, and corporate spending cycles — all of which influence demand for office and home furnishings.
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Pro Analysis
MLKN — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 19, 2026 | 38.9 | 36.1 | 24.0 | 30.0 | 22.6 | 96.4 | 0.0 |
| May 13, 2026 | 38.9 | 36.1 | 24.0 | 30.0 | 22.6 | 96.8 | +4.2 |
| May 8, 2026 | 34.7 | 6.8 | 24.0 | 30.0 | 40.1 | 100.0 | -3.5 |
| May 7, 2026 | 38.2 | 34.1 | 24.0 | 30.0 | 22.6 | 95.0 | +0.1 |
| May 3, 2026 | 38.1 | 34.1 | 24.0 | 30.0 | 22.6 | 94.8 | 0.0 |
| Apr 26, 2026 | 38.1 | 34.1 | 24.0 | 30.0 | 22.6 | 94.3 | 0.0 |
| Apr 19, 2026 | 38.1 | 34.1 | 24.0 | 30.0 | 22.6 | 94.7 | -0.6 |
| Apr 18, 2026 | 38.7 | 35.9 | 24.0 | 30.0 | 22.6 | 95.4 | -0.6 |
| Apr 14, 2026 | 39.3 | 35.9 | 24.0 | 30.0 | 22.6 | 99.6 | 0.0 |
| Apr 12, 2026 | 39.3 | 35.9 | 24.0 | 30.0 | 22.6 | 99.7 | -0.1 |
MLKN — Pillar Breakdown
Quality
— 35.8/100 (25%)MillerKnoll, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 30.0/100 (20%)MillerKnoll, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 22.6/100 (15%)MillerKnoll, Inc. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 96.2/100 (15%)MillerKnoll, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 24/100 (25%)MillerKnoll, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MLKN.
Score Composition
Financial Data
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How is the MLKN UQS Score Calculated?
The UQS (Unified Quality Score) for MillerKnoll, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses MillerKnoll, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether MillerKnoll, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.