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MillerKnoll Inc (MLKN)

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Upturn Advisory Summary
10/29/2025: MLKN (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $35
1 Year Target Price $35
| 0 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -26.23% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.16B USD | Price to earnings Ratio - | 1Y Target Price 35 |
Price to earnings Ratio - | 1Y Target Price 35 | ||
Volume (30-day avg) 1 | Beta 1.34 | 52 Weeks Range 14.95 - 25.23 | Updated Date 10/29/2025 |
52 Weeks Range 14.95 - 25.23 | Updated Date 10/29/2025 | ||
Dividends yield (FY) 4.40% | Basic EPS (TTM) -0.23 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -0.41% | Operating Margin (TTM) 5.66% |
Management Effectiveness
Return on Assets (TTM) 3.97% | Return on Equity (TTM) -0.84% |
Valuation
Trailing PE - | Forward PE 8.94 | Enterprise Value 2865889726 | Price to Sales(TTM) 0.31 |
Enterprise Value 2865889726 | Price to Sales(TTM) 0.31 | ||
Enterprise Value to Revenue 0.76 | Enterprise Value to EBITDA 12.74 | Shares Outstanding 68514774 | Shares Floating 67239714 |
Shares Outstanding 68514774 | Shares Floating 67239714 | ||
Percent Insiders 1.51 | Percent Institutions 97.01 |
Upturn AI SWOT
MillerKnoll Inc

Company Overview
History and Background
MillerKnoll, Inc., formed from the merger of Herman Miller and Knoll in 2021, traces its roots back to 1905 (Herman Miller) and 1938 (Knoll). Herman Miller was initially the Star Furniture Co. before evolving into a pioneer of modern furniture design. Knoll was founded by Hans and Florence Knoll, specializing in modern furniture for the workplace and home. The merger aimed to create a global leader in modern design.
Core Business Areas
- Americas Contract: Offers furniture, textiles, and related services for office spaces and commercial environments in the Americas.
- International Contract: Provides similar products and services as the Americas Contract segment, but focuses on markets outside the Americas.
- Retail: Sells furniture, textiles, and accessories directly to consumers through retail stores and online channels, encompassing brands like Design Within Reach.
Leadership and Structure
Andi Owen serves as the CEO. The company operates with a functional organizational structure across its various business units, with executive leadership overseeing each segment.
Top Products and Market Share
Key Offerings
- Aeron Chair: Ergonomic office chair known for its innovative design and comfort. Competitors include Steelcase (Leap), Humanscale (Freedom), and Haworth (Zody). Market share data is proprietary but the Aeron Chair is one of the most popular high-end office chairs. Competitors include Steelcase, Haworth and Humanscale.
- Competitors: Vitra, Cassina and Fritz Hansen.
- Eames Lounge Chair: Iconic mid-century modern chair known for its luxurious design and comfort. Competitors include Vitra, Cassina and Fritz Hansen. Market share data is proprietary but the Eames Lounge Chair is a highly recognizable high-end product.
- Competitors: B&B Italia, Poltrona Frau, and Minotti.
- Florence Knoll Collection: Features a range of modern furniture pieces designed by Florence Knoll, including sofas, chairs, and tables. Competitors include B&B Italia, Poltrona Frau, and Minotti. Competitors include B&B Italia, Poltrona Frau, and Minotti.
Market Dynamics
Industry Overview
The furniture industry is competitive, influenced by economic conditions, design trends, and technological advancements. Demand for ergonomic and sustainable furniture is increasing.
Positioning
MillerKnoll is positioned as a premium provider of modern design furniture, catering to both commercial and residential markets. Its competitive advantage lies in its strong brands, innovative designs, and global distribution network.
Total Addressable Market (TAM)
The global furniture market is expected to reach $800 billion by 2027. MillerKnoll aims to capture a significant portion of the high-end segment. While they have a leading position, they are not the largest, with other players also dominating.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Extensive product portfolio
- Global distribution network
- Innovation in design and ergonomics
- Sustainability commitment
Weaknesses
- High price point compared to competitors
- Vulnerability to economic downturns
- Complex integration of Herman Miller and Knoll
- Supply Chain Disruptions
Opportunities
- Expanding into emerging markets
- Developing new sustainable products
- Leveraging technology for product customization
- Increasing online sales presence
- Capturing market share in smart office solutions
Threats
- Intense competition from lower-priced alternatives
- Changing consumer preferences
- Economic recessions impacting demand
- Fluctuations in raw material costs
- Geopolitical instability
Competitors and Market Share
Key Competitors
- Steelcase (SCS)
- HNI Corporation (HNI)
- Kimball International (KBAL)
Competitive Landscape
MillerKnoll's advantages include its strong brands, innovative designs, and global distribution network. However, it faces competition from lower-priced alternatives and must adapt to changing consumer preferences.
Major Acquisitions
Knoll, Inc.
- Year: 2021
- Acquisition Price (USD millions): 1800
- Strategic Rationale: The acquisition of Knoll expanded MillerKnoll's product portfolio and market reach, creating a global leader in modern design.
Growth Trajectory and Initiatives
Historical Growth: MillerKnoll's historical growth has been driven by organic expansion, acquisitions, and product innovation. The merger of Herman Miller and Knoll is aimed at accelerating future growth.
Future Projections: Future growth is expected to be driven by expanding into new markets, developing sustainable products, and leveraging technology. Analyst estimates should be monitored to review accuracy of predictions.
Recent Initiatives: Recent initiatives include investments in e-commerce, new product launches, and sustainability programs.
Summary
MillerKnoll is a leading player in the modern furniture market, possessing strong brands and a global presence. The company's focus on innovation and sustainability positions it well for future growth. However, it faces challenges from economic uncertainty and intense competition, and needs to continually adapt to changing market dynamics. The integration of Herman Miller and Knoll remains a key factor in the company's long-term success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Website
- Financial News Providers
- Industry Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is based on available estimates and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MillerKnoll Inc
Exchange NASDAQ | Headquaters Zeeland, MI, United States | ||
IPO Launch date 1990-03-26 | President, CEO & Director Ms. Andrea R. Owen | ||
Sector Consumer Cyclical | Industry Furnishings, Fixtures & Appliances | Full time employees 10382 | Website https://www.millerknoll.com |
Full time employees 10382 | Website https://www.millerknoll.com | ||
MillerKnoll, Inc. researches, designs, manufactures, sells, and distributes interior furnishings worldwide. It operates through North America Contract, International Contract, and Global Retail segments. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions. It offers its products under the MillerKnoll, Herman Miller, Knoll, Maharam, Geiger, Design Within Reach, DWR, HAY, NaughtOne, Colebrook Bosson Saunders, Holly Hunt, Vladimir Kagan, Muuto, FilzFelt, Edelman, Spinneybeck, DatesWeiser, the Herman Miller "Circled Symbolic M" logo, Aeron, Mirra, Embody, Setu, Sayl, Cosm, Caper, Eames, KnollExtra, Knoll Luxe, KnollStudio, KnollTextiles, Remix, Dividends, Generation by Knoll, Regeneration by Knoll, MultiGeneration by Knoll, Barcelona, and Womb brand names. The company offers its products through independent contract furniture dealers, direct contract sales, owned and independent retailers, direct-mail catalogs, and e-commerce platforms. Its products are used in institutional, health/science, industrial and educational settings, and residential and other environments. The company was formerly known as Herman Miller, Inc. and changed its name to MillerKnoll, Inc. in November 2021. MillerKnoll, Inc. was incorporated in 1905 and is headquartered in Zeeland, Michigan.

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