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MillerKnoll Inc (MLKN)



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Upturn Advisory Summary
09/17/2025: MLKN (1-star) is a SELL. SELL since 2 days. Simulated Profits (-6.31%). Updated daily EoD!
1 Year Target Price $38
1 Year Target Price $38
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 SELL |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.38B USD | Price to earnings Ratio - | 1Y Target Price 38 |
Price to earnings Ratio - | 1Y Target Price 38 | ||
Volume (30-day avg) 1 | Beta 1.24 | 52 Weeks Range 14.95 - 27.20 | Updated Date 09/17/2025 |
52 Weeks Range 14.95 - 27.20 | Updated Date 09/17/2025 | ||
Dividends yield (FY) 3.66% | Basic EPS (TTM) -0.54 |
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 2025-09-23 | When After Market | Estimate 0.34 | Actual - |
Profitability
Profit Margin -1.01% | Operating Margin (TTM) 22.17% |
Management Effectiveness
Return on Assets (TTM) 3.79% | Return on Equity (TTM) -2.38% |
Valuation
Trailing PE - | Forward PE 8.94 | Enterprise Value 2999912520 | Price to Sales(TTM) 0.38 |
Enterprise Value 2999912520 | Price to Sales(TTM) 0.38 | ||
Enterprise Value to Revenue 0.82 | Enterprise Value to EBITDA 15.36 | Shares Outstanding 68464400 | Shares Floating 66543368 |
Shares Outstanding 68464400 | Shares Floating 66543368 | ||
Percent Insiders 1.55 | Percent Institutions 96.9 |
Upturn AI SWOT
MillerKnoll Inc

Company Overview
History and Background
MillerKnoll, Inc., was formed in 2021 through the merger of Herman Miller and Knoll, two iconic design companies. Herman Miller was founded in 1905 as the Star Furniture Co. and later adopted the Herman Miller name. Knoll was founded in 1938 by Hans and Florence Knoll. The merger created a leading player in modern design.
Core Business Areas
- Americas: Focuses on providing furniture and related services to customers in North and South America, offering a wide range of workplace, healthcare, and residential solutions.
- International: Addresses markets outside the Americas, adapting products and services to meet local needs and preferences.
- Retail: Encompasses direct-to-consumer channels including e-commerce and physical retail locations focusing on home and small office markets.
Leadership and Structure
Andi Owen serves as the Chief Executive Officer. The company has a typical corporate structure with various departments reporting to the CEO.
Top Products and Market Share
Key Offerings
- Aeron Chair: An ergonomic office chair that is widely recognized in the market. Competitors include Steelcase (SCS), Haworth, and Humanscale. While precise market share is variable, it holds a significant portion of the high-end ergonomic chair market. Competitors are SCS, Haworth and Humanscale.
- Eames Lounge Chair: A classic and highly sought-after piece of residential furniture. Revenue data specific to this product is not public, but its continued popularity contributes significantly to overall sales. Competitors are Vitra and Cassina.
- Healthcare Furniture Solutions: Solutions tailored for healthcare environments focusing on patient comfort and ergonomic design. Competitors are Steelcase Health, Stryker, and Hill-Rom.
Market Dynamics
Industry Overview
The furniture industry is influenced by economic conditions, design trends, and sustainability concerns. Demand is driven by corporate expansions, residential construction, and evolving workplace dynamics.
Positioning
MillerKnoll is positioned as a premium brand offering high-design and ergonomic solutions, with a strong focus on innovation and sustainability. Its competitive advantages lie in its brand reputation, design heritage, and broad product portfolio.
Total Addressable Market (TAM)
The global furniture market is projected to reach hundreds of billions of dollars. MillerKnoll is positioned to capture a significant share of the premium segment, focusing on design-conscious consumers and organizations.
Upturn SWOT Analysis
Strengths
- Strong brand recognition
- Extensive product portfolio
- Design expertise
- Global presence
- Established distribution network
Weaknesses
- Premium pricing may limit market reach
- Exposure to economic cycles
- Integration challenges post-merger
- Reliance on high-end market segments
Opportunities
- Expansion into emerging markets
- Growing demand for sustainable products
- Increasing focus on ergonomic design
- Partnerships and collaborations
- Leveraging technology for product innovation
Threats
- Intense competition
- Fluctuations in raw material costs
- Changing consumer preferences
- Economic downturns
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- SCS
- HNI
- Kering (KER.PA)
Competitive Landscape
MillerKnoll competes on design and brand. Competitors focus on price and volume. The company has competitive advantage in innovation.
Major Acquisitions
Knoll
- Year: 2021
- Acquisition Price (USD millions): 1800
- Strategic Rationale: The merger created a leading player in modern design.
Growth Trajectory and Initiatives
Historical Growth: Growth driven by organic sales, strategic acquisitions, and market expansion.
Future Projections: Future growth expected to be in line with the industry average and aided by product innovation.
Recent Initiatives: Initiatives include product launches, sustainability programs, and digital transformation efforts.
Summary
MillerKnoll is a strong player in the premium furniture market, leveraging its iconic brands and design capabilities. However, it faces challenges related to economic cycles and integrating its recent merger. Its strengths lie in its brand reputation and product portfolio, but it needs to address premium pricing and supply chain vulnerabilities. The company should capitalize on sustainability trends and expansion opportunities.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
The information provided is for informational purposes only and should not be construed as investment advice. Market share estimates are approximate. Financial data is estimated and based on publicly available information.
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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