Miller Industries Inc logo

Miller Industries Inc(MLR)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
3-STAR RATING
WEAK BUY
BUY for 177 days
PROFIT SINCE LAST BUY
+37.58% ▲
LAST CLOSE
$54.04
09/25/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for MLR

09/25/2026: MLR (3-star) is a WEAK-BUY. BUY for 177 days. Simulated Profits (37.58%). Updated daily EoD!

Miller Industries Inc is an established manufacturer of towing and recovery equipment with a focus on light and heavy-duty wreckers. The company maintains a strong position through its widely recognized brands and an extensive distribution network that supports its core business. Its primary growth story involves capitalizing on fleet modernization and potential international expansion. However, the company faces risks related to cyclical industrial demand, exposure to raw material costs, and intense competition. It may be best suited for value and dividend-focused investors seeking exposure to the industrial sector, and developments regarding manufacturing efficiency and supply chain management should be monitored closely.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers moderate growth potential tied to industrial cycles rather than high-growth technology trends.
Momentum investorMixed fitMomentum suitability is conditional on positive industrial sector trends and volume upturns.
Value investorStrong fitThe company is often viewed as a value play due to its tangible assets and historical focus on consistent earnings.
Dividend investorStrong fitA history of reliable dividend payments makes this stock attractive for income-focused portfolios.
Low-risk investorMixed fitWhile established, the cyclical nature of the business introduces volatility that may not suit the most risk-averse investors.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highThe stock price can fluctuate based on industrial sentiment and economic reports.
Valuation riskMediumInvestors must monitor whether the stock price exceeds its underlying asset value and growth prospects.
Competition risk (industrial specialty vehicles)MediumIncreased pressure from alternative manufacturers could compress profit margins.
Business qualityMediumThe company holds a solid market position but operates in a capital-intensive industry.
Dividend incomeLowThe dividend is generally stable, though subject to board approval and financial performance.
Execution riskMediumSuccess depends on managing manufacturing efficiency and supply chain costs effectively.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 38.49%
Avg. Invested days 61
Today’s Advisory WEAK BUY
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
MLR receives a 3-star rating, supported by available scored pillars. The rating is constrained by soft unit economics, weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
MLR has moderate overall fundamentals (3 stars), with moderate financial health, soft growth momentum, and strong ownership. In FY2025 versus FY2024, solid cash generation (FCF margin 10.8%) is partially offset by negative earnings growth (-63.8%), negative revenue growth (-37.2%), soft profitability (net margin 2.9%).

Financial Health Rating

★★★★★
MLR's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 51.4%). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is MLR's strongest growth driver at +5500.3% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (-37.2%, negative) and earnings growth (-63.8%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 96.9% and approximately 94.8% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 5.28% supports management-shareholder alignment.

Top 5 Institutional Investors

FMR Inc 11.69%
Neuberger Berman Group LLC 9.62%
BlackRock Inc 7.12%
Dimensional Fund Advisors, Inc. 6.10%
Hotchkis & Wiley Capital Management LLC 4.59%

Unit Economics (Per $1K Revenue)

★★★★★
MLR generates approximately $152 of gross profit, $40 of operating income, and $108 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 26.93%

Quantitative Style Profile

★★★★★
MLR has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Small / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 613.47M USD
Price to earnings Ratio 43.58
1Y Target Price 58
Price to earnings Ratio 43.58
1Y Target Price 58
Volume (30-day avg) 103.0K shares
Beta 1.14
52 Weeks Range 35.07 - 59.47
Updated Date 09/25/2026
52 Weeks Range 35.07 - 59.47
Updated Date 09/25/2026
Dividends yield (FY) 1.52%
Basic EPS (TTM) 1.24

How Company Makes Money

Business areaWhat it includesRetail investor read
Towing and RecoverySale of light, medium, and heavy-duty wreckers and carriers.The primary revenue source is the sale of physical equipment used by towing companies worldwide.
Aftermarket PartsReplacement parts and accessories for existing fleet equipment.This provides a steady, recurring stream of revenue as vehicles require ongoing maintenance.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 43.58
Forward PE 18.21
Enterprise Value 565.25M
Price to Sales(TTM) 0.8
Enterprise Value 565.25M
Price to Sales(TTM) 0.8
Enterprise Value to Revenue 0.74
Enterprise Value to EBITDA 15.32
Shares Outstanding 11.35M
Shares Floating 10.76M
Shares Outstanding 11.35M
Shares Floating 10.76M
Percent Insiders 5.28
Percent Institutions 96.9

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Miller Industries Inc

Exchange NYSE
Headquarters Ooltewah, TN, United States
IPO Launch date 1994-08-02
President, CEO & Director Mr. William G. Miller II
Sector Consumer Cyclical
Industry Auto Parts
Full time employees 1527
Full time employees 1527

Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment. It provides wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment. The company also offers transport trailers for moving multiple vehicles for auto auctions, car dealerships, leasing companies, and other similar operations. It markets its products under the Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige, Boniface, Omars, Titan, and Eagle brand names. The company sells its products through independent distributors in North America, and Canada, Mexico; and through prime contractors to governmental entities. Miller Industries, Inc. was founded in 1990 and is headquartered in Ooltewah, Tennessee.