MillerKnoll, Inc. (MLKN) Income Statement
MLKN FY2026 at a glance
Fiscal year ended May 31, 2026 · U.S. dollarsMLKN revenue and net income
Where MLKN's revenue goes
FY2026Each bar shows an amount and its share of revenue. MLKN kept 2.4% of revenue as net income.
MLKN profit margins
MLKN growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.7% | −2.0% | +9.3% | +5.4% |
| Gross profit | +4.7% | +1.4% | +9.4% | +5.5% |
| Operating income | −4.1% | +20.6% | −1.8% | +0.1% |
| Net income | — | +29.5% | −12.1% | −3.9% |
| EPS (diluted) | −4.6% | +0.2% | −11.0% | −1.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MLKN quarterly EPS vs estimates
MillerKnoll beat the analyst EPS estimate in 7 of the last 8 quarters.
MLKN income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.84B | $3.67B | $3.63B | $4.09B | $3.95B | $2.47B | $2.49B | $2.57B | $2.38B | $2.28B |
| Cost of revenue | $2.35B | $2.25B | $2.21B | $2.66B | $2.59B | $1.51B | $1.58B | $1.64B | $1.51B | $1.41B |
| Gross profit | $1.49B | $1.42B | $1.42B | $1.43B | $1.35B | $951.1M | $910.7M | $929.9M | $873.0M | $864.2M |
| Research & development | $100.3M | $93.8M | $92.6M | $105.7M | $108.7M | $72.1M | $74.0M | $76.9M | $73.1M | $73.1M |
| Sales, general & admin | $1.18B | $1.13B | $1.11B | $1.13B | $643.8M | $643.8M | $643.3M | $639.3M | $616.7M | — |
| Total operating expenses | $1.28B | $1.20B | $1.20B | $1.31B | $1.21B | $715.9M | $717.3M | $716.2M | $688.4M | $660.9M |
| Operating income | $214.4M | $223.6M | $214.8M | $122.3M | $147.7M | $235.2M | $193.4M | $213.7M | $184.6M | $203.3M |
| Interest income | $4.1M | $5.4M | $6.1M | $2.8M | $1.6M | $2.1M | $2.3M | $2.1M | $4.4M | — |
| Interest expense | $18.4M | $76.7M | $76.2M | $70.9M | $37.8M | $13.9M | $12.5M | $12.1M | $13.5M | $15.2M |
| Income before taxes | $128.2M | −$21.6M | $99.3M | $51.4M | −$8.6M | $228.6M | −$8.4M | $200.1M | $171.1M | $179.2M |
| Income taxes | $32.4M | $11.6M | $14.7M | $4.5M | $11.1M | $48.3M | $6.0M | $39.6M | $42.4M | $55.1M |
| Net income | $91.5M | −$36.9M | $82.3M | $42.1M | −$27.1M | $174.6M | −$9.1M | $160.5M | $128.1M | $123.9M |
| EBITDA | $362.7M | $195.6M | $330.6M | $277.4M | $219.8M | $322.4M | $272.9M | $285.8M | $251.5M | $262.2M |
| EPS (diluted) | $1.86 | $1.95 | $2.08 | $1.85 | $1.86 | $3.34 | $2.57 | $2.96 | $2.30 | $2.16 |
| Gross margin | 38.8% | 38.8% | 39.1% | 35.0% | 34.3% | 38.6% | 36.6% | 36.2% | 36.7% | 37.9% |
| Operating margin | 5.6% | 6.1% | 5.9% | 3.0% | 3.7% | 9.5% | 7.8% | 8.3% | 7.8% | 8.9% |
| Net margin | 2.4% | −1.0% | 2.3% | 1.0% | −0.7% | 7.1% | −0.4% | 6.3% | 5.4% | 5.4% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $923.4M | $1.00B | $926.6M | $955.2M | $955.7M | $961.8M | $876.2M | $970.4M | $861.5M | $888.9M | $872.3M | $949.5M |
| Cost of revenue | $538.1M | $607.4M | $573.7M | $583.0M | $587.6M | $584.9M | $543.8M | $593.4M | $525.2M | $536.5M | $535.3M | $577.5M |
| Gross profit | $385.3M | $396.8M | $352.9M | $372.2M | $368.1M | $376.9M | $332.4M | $377.0M | $336.3M | $352.4M | $337.0M | $372.0M |
| Research & development | — | $35.4M | $20.6M | $24.0M | $20.3M | $24.2M | $22.3M | $24.6M | $22.7M | $26.9M | $21.4M | $22.2M |
| Sales, general & admin | — | $300.7M | $285.5M | $298.3M | $293.8M | $157.1M | $388.1M | $289.9M | $298.4M | $262.9M | $271.1M | $287.6M |
| Total operating expenses | $333.5M | $333.5M | $308.0M | $322.3M | $314.1M | $311.3M | $410.4M | $314.5M | $321.1M | $289.8M | $292.5M | $309.8M |
| Operating income | $51.8M | $63.3M | $44.9M | $49.9M | $54.0M | $65.6M | −$78.0M | $62.5M | $15.2M | $62.6M | $44.5M | $62.2M |
| Interest income | — | $800,000 | $1.5M | $700,000 | $1.1M | $1.1M | $1.2M | $1.5M | $1.6M | $1.3M | $1.3M | $1.3M |
| Interest expense | — | $16.4M | $15.7M | $17.9M | $18.4M | $17.3M | $19.1M | $20.4M | $19.9M | $18.8M | $18.4M | $19.8M |
| Income before taxes | $35.2M | $36.8M | $30.1M | $32.5M | $28.7M | $35.7M | −$100.7M | $45.0M | −$1.6M | $6.7M | $27.5M | $43.9M |
| Income taxes | $7.6M | $11.9M | $5.6M | $7.3M | $7.6M | $91.9M | −$89.0M | $9.8M | −$1.1M | −$4.3M | $4.4M | $9.5M |
| Net income | $26.6M | $23.6M | $23.5M | $24.2M | $20.2M | −$57.1M | −$12.7M | $34.1M | −$1.2M | $9.9M | $22.2M | $33.5M |
| EBITDA | $69.7M | $101.5M | $83.9M | $87.0M | $82.5M | $88.9M | −$47.3M | $101.1M | $52.9M | $69.0M | $82.9M | $101.1M |
| EPS (diluted) | $0.53 | $0.55 | $0.43 | $0.43 | $0.45 | $0.60 | $0.44 | $0.55 | $0.36 | $0.67 | $0.45 | $0.59 |
| Gross margin | 41.7% | 39.5% | 38.1% | 39.0% | 38.5% | 39.2% | 37.9% | 38.8% | 39.0% | 39.6% | 38.6% | 39.2% |
| Operating margin | 5.6% | 6.3% | 4.8% | 5.2% | 5.7% | 6.8% | −8.9% | 6.4% | 1.8% | 7.0% | 5.1% | 6.6% |
| Net margin | 2.9% | 2.4% | 2.5% | 2.5% | 2.1% | −5.9% | −1.4% | 3.5% | −0.1% | 1.1% | 2.5% | 3.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MLKN's financial statements (latest annual report filed July 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MLKN financial results
In fiscal year 2026 (ended May 31, 2026), MillerKnoll reported revenue of $3.8 billion, up 4.7% from the year before. It had net income of $91.5 million, a net profit margin of 2.4%. Diluted earnings per share came to $1.86. Over five years revenue grew at an average rate of 9.3% a year.
See the MLKN stock overview for the latest quote and news, or the MLKN chart for price history and technical indicators.
MLKN income statement FAQ
What is MillerKnoll's annual revenue?
MillerKnoll reported total revenue of $3.8 billion for fiscal year 2026, which ended on May 31, 2026. That was up 4.7% from $3.7 billion the previous year.
Is MillerKnoll profitable?
Yes. MillerKnoll reported net income of $91.5 million in fiscal 2026, a net profit margin of 2.4%; its operating margin was 5.6%.
What is MillerKnoll's gross margin?
MillerKnoll's gross margin was 38.8% in fiscal 2026: for every $100 of revenue, MillerKnoll kept $39 after the direct cost of its products and services.
How much does MillerKnoll spend on research and development?
MillerKnoll spent $100.3 million on research and development in fiscal 2026, 2.6% of revenue.
How fast is MillerKnoll growing?
Revenue grew 9.3% a year on average over the last five fiscal years, from $2.5 billion to $3.8 billion.
What are MillerKnoll's earnings per share?
MillerKnoll earned $1.86 per diluted share in fiscal 2026, compared with $1.95 a year earlier.
When does MillerKnoll's fiscal year end?
MillerKnoll's fiscal year ends in May. The latest annual report covers the year ended May 31, 2026 and was filed on July 20, 2026.