MLR
Consumer CyclicalMiller Industries, Inc. · Auto - Parts · $530M
What is Miller Industries, Inc.?
Miller Industries is the world's largest manufacturer of towing and recovery equipment, serving commercial operators, government fleets, and auto transport businesses across multiple continents. Headquartered in Ooltewah, Tennessee, the company has built a broad portfolio of recognized brands in a specialized niche.
Miller Industries designs and manufactures wreckers, car carriers, and transport trailers sold through independent distributors and prime contractors worldwide. Revenue comes from equipment sales to towing operators, municipalities, auto dealerships, leasing companies, and auction businesses. The company reaches customers across North America, Europe, the Middle East, the Pacific Rim, South America, and Africa, marketing products under a family of well-established brand names.
Miller Industries was incorporated in 1990 and began operations in 1994, with its headquarters in Ooltewah, Tennessee.
- Wrecker units for vehicle recovery and towing
- Car carriers with hydraulic tilt flatbed mechanisms
- Transport trailers for auto auctions and dealerships
- Multi-brand portfolio including Century, Vulcan, and Chevron
- Government and prime contractor supply programs
Is MLR a Good Stock to Buy?
UQS Score rates MLR as Good overall, reflecting a balanced but nuanced picture across its five analytical pillars.
The Risk pillar stands out as a clear strength — Miller Industries carries a profile that suggests financial resilience relative to many small-cap peers. The Valuation pillar is rated Attractive, meaning the stock does not appear to be priced at a premium relative to its fundamentals, which may interest value-oriented investors.
Both the Quality and Moat pillars register as Weak, pointing to thinner competitive insulation and below-average returns on capital compared to higher-rated peers in the sector.
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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 MLR pay dividends?
Yes — Miller Industries, Inc. pays a dividend.
Miller Industries pays a regular dividend, which is relatively uncommon among small-cap manufacturers in the Consumer Cyclical sector. The dividend reflects management's commitment to returning cash to shareholders alongside reinvestment in operations. Income-focused investors may find this cadence appealing, though dividend sustainability should always be evaluated in the context of earnings trends.
When does MLR report earnings?
Miller Industries reports earnings on a quarterly cadence, consistent with standard practice for US-listed public companies.
The company's Growth pillar is rated Neutral, suggesting revenue and earnings expansion has been moderate rather than exceptional in recent periods. Results tend to track broader demand cycles in the commercial vehicle and towing services markets.
For the most recent quarter's results and upcoming reporting dates, visit Miller Industries' investor relations page directly.
MLR Price History
+24.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Miller Industries, Inc.?
Based on Miller Industries, 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.
MLR Long-term Outlook
Miller Industries' fundamental outlook is shaped by a Neutral Growth profile and a Strong Risk rating. The company appears positioned for steady, if unspectacular, performance rather than rapid expansion. An Attractive Valuation label suggests the market may not be pricing in significant upside, which could limit downside risk while also capping near-term re-rating potential. Weak Moat and Quality scores remain the primary structural headwinds to a more optimistic long-term trajectory.
Growth drivers
- Ongoing demand for commercial towing and recovery equipment across North America
- Expansion of government and municipal fleet contracts through prime contractor channels
- International distribution growth across Europe, the Middle East, and emerging markets
Key risks
- Thin competitive moat leaves pricing power vulnerable to lower-cost rivals
- Consumer Cyclical exposure ties results to broader economic and freight-cycle conditions
- Below-average Quality pillar score signals potential capital efficiency concerns
MLR vs Peers
Miller Industries operates in a specialized equipment niche, but it shares the small-cap Consumer Cyclical space with several other companies that investors often evaluate alongside it.
Monro focuses on automotive service and tire retail rather than equipment manufacturing, giving it a recurring service-revenue model that differs from Miller's product-sale approach.
Cooper-Standard supplies sealing and fuel-handling systems to automakers, competing in a different part of the automotive supply chain with greater OEM customer concentration.
SES AI is an early-stage battery technology company targeting electric vehicles, representing a higher-risk, higher-growth profile compared to Miller's established equipment business.
Frequently Asked Questions
What does Miller Industries do?
Miller Industries manufactures towing and recovery equipment, including wreckers, car carriers, and transport trailers. Products are sold under multiple brand names through independent distributors and government contractors across North America, Europe, and other international markets.
Does MLR pay dividends?
Yes, Miller Industries pays a regular dividend. This is relatively uncommon for a small-cap manufacturer in the Consumer Cyclical sector. Investors seeking income alongside capital exposure may find this feature relevant when evaluating the stock.
When does MLR report earnings?
Miller Industries follows a standard quarterly earnings cadence for US-listed companies. For exact reporting dates and the most recent results, check the investor relations section of the company's official website.
Is MLR a good stock to buy?
UQS Score rates MLR as Good overall. The Valuation pillar is Attractive and the Risk pillar is Strong, which may appeal to conservative investors. However, Weak Quality and Moat scores are worth considering. The full pillar breakdown is available to UQS Pro members.
Is MLR overvalued?
The UQS Valuation pillar for MLR is rated Attractive, suggesting the stock is not trading at a significant premium relative to its fundamentals. That said, valuation should always be assessed alongside quality and growth characteristics for a complete picture.
How does MLR compare to its competitors?
Miller Industries occupies a specialized niche in towing equipment manufacturing. Peers like Monro focus on automotive services, Cooper-Standard serves OEM supply chains, and SES AI targets battery technology — each with distinct business models and risk profiles compared to Miller's equipment-sale approach.
What is MLR's market cap bracket?
Miller Industries is classified as a small-cap company. Small-cap stocks can offer growth potential but typically carry higher volatility and liquidity risk compared to large- or mega-cap peers in the same sector.
Who founded Miller Industries?
Miller Industries was incorporated in 1990 and began formal operations in 1994. Detailed founding history, including key executives involved at inception, is publicly available through the company's official filings and corporate history disclosures.
Is MLR a long-term quality indicator?
As a long-term quality indicator, MLR's UQS profile is mixed. The Strong Risk and Attractive Valuation pillars suggest durability and reasonable pricing, but Weak Quality and Moat scores indicate the business lacks the deep competitive advantages typically associated with top-tier long-term holdings.
What is the main competitive advantage of Miller Industries?
Miller Industries benefits from broad brand recognition across multiple towing equipment labels and an established global distribution network. However, the UQS Moat pillar is rated Weak, suggesting these advantages do not yet translate into strong pricing power or barriers to entry.
What sector does MLR belong to?
Miller Industries is classified in the Consumer Cyclical sector. This means its business performance tends to be influenced by broader economic conditions, commercial activity levels, and demand cycles in transportation and vehicle services industries.
Is MLR a growth stock or value stock?
Based on UQS pillar labels, MLR leans toward value characteristics — the Valuation pillar is Attractive while the Growth pillar is Neutral. It does not exhibit the high-growth profile typical of growth stocks, making it more relevant to investors focused on reasonable pricing over rapid expansion.
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Pro Analysis
MLR — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 52.2 | 33.2 | 27.0 | 51.9 | 99.8 | 78.4 | -0.8 |
| May 7, 2026 | 53.0 | 36.7 | 27.0 | 50.3 | 100.0 | 80.1 | 0.0 |
| Apr 26, 2026 | 53.0 | 36.7 | 27.0 | 50.3 | 100.0 | 80.4 | -0.1 |
| Apr 19, 2026 | 53.1 | 36.7 | 27.0 | 50.3 | 100.0 | 80.8 | +0.2 |
| Apr 18, 2026 | 52.9 | 36.7 | 27.0 | 50.3 | 100.0 | 79.2 | -0.9 |
| Apr 14, 2026 | 53.8 | 36.7 | 27.0 | 50.3 | 100.0 | 85.4 | -5.7 |
| Apr 13, 2026 | 59.5 | 36.7 | 50.0 | 50.3 | 100.0 | 85.4 | +5.7 |
| Apr 12, 2026 | 53.8 | 36.7 | 27.0 | 50.3 | 100.0 | 85.4 | -0.2 |
| Apr 2, 2026 | 54.0 | 36.7 | 27.0 | 50.3 | 100.0 | 86.9 | — |
MLR — Pillar Breakdown
Quality
— 33.2/100 (25%)Miller Industries, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
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
— 51.9/100 (20%)Miller Industries, Inc. shows steady but unspectacular growth, typical for mature companies.
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
— 99.8/100 (15%)Miller Industries, Inc. carries minimal financial risk with conservative leverage and strong solvency.
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
— 78.8/100 (15%)Miller Industries, 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
— 27/100 (25%)Miller Industries, 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 MLR.
Score Composition
Financial Data
More Stock Analysis
How is the MLR UQS Score Calculated?
The UQS (Unified Quality Score) for Miller Industries, 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 Miller Industries, 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 Miller Industries, 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.