MILLERKNOLL, INC.
MLKN · Office Furniture · 68.4M shares · +6%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$4M (gross $16M, SBC $20M)
Grade
C56Leading design-furniture group posting an impairment-driven net loss in a soft demand cycle.
Strengths
- Positive free cash flow $101.7M (66th) and strong brand portfolio (Herman Miller, Knoll)
- Low reported debt/equity and adjusted operating earnings remain solidly positive
Risks
- GAAP net margin -1.0%, ROE -2.9% and ROA -0.9% — a loss year driven by $130M+ trade-name/goodwill impairments
- $1.31B Knoll-related debt with covenants and weak contract-furniture demand
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -1.0%)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
38.8%
Operating margin
1.4%
Net margin
-1.0%
Return on equity
-2.9%
Return on assets
-0.9%
ROIC
3.1%
Revenue growth (QoQ)
-3.0%
Net-income growth
-144.8%
Debt / equity
0.0×
Current ratio
1.6×
Free cash flow
$102M
EBITDA
$191M
Tangible book value
-$124M
Stock comp / revenue
0.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-02-15 | Spofford Claire | Grant | 5.5K | $21.78 |
| 2026-01-15 | Gang Jeanne Kay | Grant | 6.2K | $19.50 |
| 2026-01-15 | Edekar Edmundson Tina | Grant | 6.2K | $19.50 |
| 2026-01-15 | Edekar Edmundson Tina | Option exercise | 616 | $19.50 |
| 2026-01-15 | Smith Mike C. | Grant | 6.7K | $19.50 |
| 2026-01-15 | Manheimer Heidi J | Grant | 6.7K | $19.50 |
| 2026-01-15 | Smith Michael R | Option exercise | 526 | $19.50 |
| 2026-01-15 | Smith Michael R | Option exercise | 781 | $19.50 |
| 2026-01-15 | KRO LISA A | Grant | 6.8K | $19.50 |
| 2026-01-15 | Hoke John R III | Grant | 9.2K | $19.50 |
| 2026-01-15 | FRENCH DOUGLAS D | Grant | 6.2K | $19.50 |
| 2026-01-15 | FRENCH DOUGLAS D | Option exercise | 3.5K | $19.50 |
| 2026-01-15 | FRENCH DOUGLAS D | Option exercise | 5.6K | $19.50 |
| 2025-08-01 | Watson Bruce Benedict | Option exercise | 3.7K | — |
| 2025-08-01 | Watson Bruce Benedict | Tax withheld | 1.8K | $18.21 |
| 2025-08-01 | Watson Bruce Benedict | Option exercise | 4.1K | — |
| 2025-08-01 | Watson Bruce Benedict | Tax withheld | 1.9K | $18.21 |
| 2025-08-01 | Watson Bruce Benedict | Grant | 789 | — |
| 2025-08-01 | Watson Bruce Benedict | Tax withheld | 344 | $18.21 |
| 2025-08-01 | Watson Bruce Benedict | Grant | 1.6K | — |
| 2025-08-01 | Watson Bruce Benedict | Tax withheld | 718 | $18.21 |
| 2025-08-01 | Watson Bruce Benedict | Grant | 974 | — |
| 2025-08-01 | Watson Bruce Benedict | Tax withheld | 425 | $18.21 |
| 2025-08-01 | Watson Bruce Benedict | Grant | 597 | — |
| 2025-08-01 | Watson Bruce Benedict | Tax withheld | 260 | $18.21 |
| 2025-08-01 | Watson Bruce Benedict | Grant | 550 | — |
| 2025-08-01 | Watson Bruce Benedict | Tax withheld | 240 | $18.21 |
| 2025-08-01 | Watson Bruce Benedict | Grant | 146 | — |
| 2025-08-01 | Watson Bruce Benedict | Tax withheld | 64 | $18.21 |
| 2025-08-01 | Watson Bruce Benedict | Grant | 421 | — |
| 2025-08-01 | Watson Bruce Benedict | Tax withheld | 184 | $18.21 |
| 2025-08-01 | Stutz Jeffrey M | Option exercise | 4.6K | — |
| 2025-08-01 | Stutz Jeffrey M | Tax withheld | 2.2K | $18.21 |
| 2025-08-01 | Stutz Jeffrey M | Option exercise | 5.4K | — |
| 2025-08-01 | Stutz Jeffrey M | Tax withheld | 2.5K | $18.21 |
| 2025-08-01 | Stutz Jeffrey M | Grant | 2.0K | — |
| 2025-08-01 | Stutz Jeffrey M | Tax withheld | 892 | $18.21 |
| 2025-08-01 | Stutz Jeffrey M | Grant | 979 | — |
| 2025-08-01 | Stutz Jeffrey M | Tax withheld | 427 | $18.21 |
| 2025-08-01 | Stutz Jeffrey M | Grant | 741 | — |
| 2025-08-01 | Stutz Jeffrey M | Tax withheld | 323 | $18.21 |
| 2025-08-01 | Stutz Jeffrey M | Grant | 1.2K | — |
| 2025-08-01 | Stutz Jeffrey M | Tax withheld | 527 | $18.21 |
| 2025-08-01 | Stutz Jeffrey M | Grant | 181 | — |
| 2025-08-01 | Stutz Jeffrey M | Tax withheld | 79 | $18.21 |
| 2025-08-01 | Stutz Jeffrey M | Grant | 682 | — |
| 2025-08-01 | Stutz Jeffrey M | Tax withheld | 297 | $18.21 |
| 2025-08-01 | Stutz Jeffrey M | Grant | 523 | — |
| 2025-08-01 | Stutz Jeffrey M | Tax withheld | 228 | $18.21 |
| 2025-08-01 | Jacqueline Hourigan Rice | Option exercise | 2.9K | — |
| 2025-08-01 | Jacqueline Hourigan Rice | Tax withheld | 1.4K | $18.21 |
| 2025-08-01 | Jacqueline Hourigan Rice | Option exercise | 3.5K | — |
| 2025-08-01 | Jacqueline Hourigan Rice | Tax withheld | 1.6K | $18.21 |
| 2025-08-01 | Jacqueline Hourigan Rice | Grant | 621 | — |
| 2025-08-01 | Jacqueline Hourigan Rice | Tax withheld | 271 | $18.21 |
| 2025-08-01 | Jacqueline Hourigan Rice | Grant | 1.3K | — |
| 2025-08-01 | Jacqueline Hourigan Rice | Tax withheld | 565 | $18.21 |
| 2025-08-01 | Jacqueline Hourigan Rice | Grant | 766 | — |
| 2025-08-01 | Jacqueline Hourigan Rice | Tax withheld | 334 | $18.21 |
| 2025-08-01 | Jacqueline Hourigan Rice | Grant | 470 | — |
| 2025-08-01 | Jacqueline Hourigan Rice | Tax withheld | 205 | $18.21 |
| 2025-08-01 | Jacqueline Hourigan Rice | Grant | 433 | — |
| 2025-08-01 | Jacqueline Hourigan Rice | Tax withheld | 189 | $18.21 |
| 2025-08-01 | Jacqueline Hourigan Rice | Grant | 115 | — |
| 2025-08-01 | Jacqueline Hourigan Rice | Tax withheld | 50 | $18.21 |
| 2025-08-01 | Jacqueline Hourigan Rice | Grant | 331 | — |
| 2025-08-01 | Jacqueline Hourigan Rice | Tax withheld | 144 | $18.21 |
| 2025-08-01 | Propst Debbie F | Option exercise | 4.6K | — |
| 2025-08-01 | Propst Debbie F | Tax withheld | 2.4K | $18.21 |
| 2025-08-01 | Propst Debbie F | Option exercise | 5.4K | — |
| 2025-08-01 | Propst Debbie F | Tax withheld | 2.7K | $18.21 |
| 2025-08-01 | Propst Debbie F | Grant | 682 | — |
| 2025-08-01 | Propst Debbie F | Tax withheld | 316 | $18.21 |
| 2025-08-01 | Propst Debbie F | Grant | 979 | — |
| 2025-08-01 | Propst Debbie F | Tax withheld | 454 | $18.21 |
| 2025-08-01 | Propst Debbie F | Grant | 2.0K | — |
| 2025-08-01 | Propst Debbie F | Tax withheld | 948 | $18.21 |
| 2025-08-01 | Propst Debbie F | Grant | 1.2K | — |
| 2025-08-01 | Propst Debbie F | Tax withheld | 560 | $18.21 |
| 2025-08-01 | Propst Debbie F | Grant | 741 | — |
| 2025-08-01 | Propst Debbie F | Tax withheld | 343 | $18.21 |
| 2025-08-01 | Propst Debbie F | Grant | 181 | — |
| 2025-08-01 | Propst Debbie F | Tax withheld | 84 | $18.21 |
| 2025-08-01 | Propst Debbie F | Grant | 523 | — |
| 2025-08-01 | Propst Debbie F | Tax withheld | 242 | $18.21 |
| 2025-08-01 | Owen Andrea | Option exercise | 20K | — |
| 2025-08-01 | Owen Andrea | Tax withheld | 9.7K | $18.21 |
| 2025-08-01 | Owen Andrea | Option exercise | 22K | — |
| 2025-08-01 | Owen Andrea | Tax withheld | 10K | $18.21 |
| 2025-08-01 | Owen Andrea | Grant | 9.2K | — |
| 2025-08-01 | Owen Andrea | Tax withheld | 4.0K | $18.21 |
| 2025-08-01 | Owen Andrea | Grant | 4.4K | — |
| 2025-08-01 | Owen Andrea | Tax withheld | 1.9K | $18.21 |
| 2025-08-01 | Owen Andrea | Grant | 3.3K | — |
| 2025-08-01 | Owen Andrea | Tax withheld | 1.4K | $18.21 |
| 2025-08-01 | Owen Andrea | Grant | 5.4K | — |
| 2025-08-01 | Owen Andrea | Tax withheld | 2.4K | $18.21 |
| 2025-08-01 | Owen Andrea | Grant | 2.3K | — |
| 2025-08-01 | Owen Andrea | Tax withheld | 1.0K | $18.21 |
| 2025-08-01 | Owen Andrea | Grant | 812 | — |
| 2025-08-01 | Owen Andrea | Tax withheld | 354 | $18.21 |
| 2025-08-01 | Owen Andrea | Grant | 3.1K | — |
| 2025-08-01 | Owen Andrea | Tax withheld | 1.3K | $18.21 |
| 2025-08-01 | Michael John P | Option exercise | 4.6K | — |
| 2025-08-01 | Michael John P | Tax withheld | 2.3K | $18.21 |
| 2025-08-01 | Michael John P | Grant | 979 | — |
| 2025-08-01 | Michael John P | Tax withheld | 428 | $18.21 |
| 2025-08-01 | Michael John P | Grant | 2.0K | — |
| 2025-08-01 | Michael John P | Tax withheld | 894 | $18.21 |
| 2025-08-01 | Michael John P | Grant | 741 | — |
| 2025-08-01 | Michael John P | Tax withheld | 324 | $18.21 |
| 2025-08-01 | Michael John P | Grant | 1.2K | — |
| 2025-08-01 | Michael John P | Tax withheld | 528 | $18.21 |
| 2025-08-01 | Michael John P | Grant | 682 | — |
| 2025-08-01 | Michael John P | Tax withheld | 298 | $18.21 |
| 2025-08-01 | Michael John P | Grant | 181 | — |
| 2025-08-01 | Michael John P | Tax withheld | 79 | $18.21 |
| 2025-08-01 | Michael John P | Grant | 523 | — |
| 2025-08-01 | Michael John P | Tax withheld | 229 | $18.21 |
| 2025-08-01 | Michael John P | Option exercise | 5.4K | — |
| 2025-08-01 | Michael John P | Tax withheld | 2.5K | $18.21 |
| 2025-08-01 | Lyon Megan | Option exercise | 3.7K | — |
| 2025-08-01 | Lyon Megan | Tax withheld | 1.2K | $18.21 |
| 2025-08-01 | Lyon Megan | Option exercise | 4.1K | — |
| 2025-08-01 | Lyon Megan | Tax withheld | 1.7K | $18.21 |
| 2025-08-01 | Lyon Megan | Grant | 1.6K | — |
| 2025-08-01 | Lyon Megan | Tax withheld | 718 | $18.21 |
| 2025-08-01 | Lyon Megan | Grant | 789 | — |
| 2025-08-01 | Lyon Megan | Tax withheld | 344 | $18.21 |
| 2025-08-01 | Lyon Megan | Grant | 597 | — |
| 2025-08-01 | Lyon Megan | Tax withheld | 260 | $18.21 |
| 2025-08-01 | Lyon Megan | Grant | 974 | — |
| 2025-08-01 | Lyon Megan | Tax withheld | 425 | $18.21 |
| 2025-08-01 | Lyon Megan | Grant | 550 | — |
| 2025-08-01 | Lyon Megan | Tax withheld | 240 | $18.21 |
| 2025-08-01 | Lyon Megan | Grant | 421 | — |
| 2025-08-01 | Lyon Megan | Tax withheld | 184 | $18.21 |
| 2025-08-01 | Lyon Megan | Grant | 146 | — |
| 2025-08-01 | Lyon Megan | Tax withheld | 64 | $18.21 |
| 2025-08-01 | Baldwin Christopher M | Option exercise | 4.6K | — |
| 2025-08-01 | Baldwin Christopher M | Tax withheld | 2.2K | $18.21 |
| 2025-08-01 | Baldwin Christopher M | Option exercise | 5.4K | — |
| 2025-08-01 | Baldwin Christopher M | Tax withheld | 2.5K | $18.21 |
| 2025-08-01 | Baldwin Christopher M | Grant | 2.0K | — |
| 2025-08-01 | Baldwin Christopher M | Tax withheld | 889 | $18.21 |
| 2025-08-01 | Baldwin Christopher M | Grant | 979 | — |
| 2025-08-01 | Baldwin Christopher M | Tax withheld | 426 | $18.21 |
| 2025-08-01 | Baldwin Christopher M | Grant | 1.2K | — |
| 2025-08-01 | Baldwin Christopher M | Tax withheld | 525 | $18.21 |
| 2025-08-01 | Baldwin Christopher M | Grant | 741 | — |
| 2025-08-01 | Baldwin Christopher M | Tax withheld | 322 | $18.21 |
| 2025-08-01 | Baldwin Christopher M | Grant | 181 | — |
| 2025-08-01 | Baldwin Christopher M | Tax withheld | 79 | $18.21 |
| 2025-08-01 | Baldwin Christopher M | Grant | 682 | — |
| 2025-08-01 | Baldwin Christopher M | Tax withheld | 297 | $18.21 |
| 2025-08-01 | Baldwin Christopher M | Grant | 523 | — |
| 2025-08-01 | Baldwin Christopher M | Tax withheld | 227 | $18.21 |
| 2025-07-22 | Watson Bruce Benedict | Option exercise | 30K | — |
| 2025-07-22 | Watson Bruce Benedict | Option exercise | 5.2K | — |
| 2025-07-22 | Watson Bruce Benedict | Tax withheld | 2.4K | $19.50 |
| 2025-07-22 | Watson Bruce Benedict | Tax withheld | 14K | $19.50 |
| 2025-07-22 | Stutz Jeffrey M | Option exercise | 6.9K | — |
| 2025-07-22 | Stutz Jeffrey M | Option exercise | 32K | — |
| 2025-07-22 | Stutz Jeffrey M | Tax withheld | 3.1K | $19.50 |
| 2025-07-22 | Stutz Jeffrey M | Tax withheld | 15K | $19.50 |
| 2025-07-22 | Jacqueline Hourigan Rice | Option exercise | 27K | — |
| 2025-07-22 | Jacqueline Hourigan Rice | Option exercise | 4.7K | — |
| 2025-07-22 | Jacqueline Hourigan Rice | Tax withheld | 12K | $19.50 |
| 2025-07-22 | Jacqueline Hourigan Rice | Tax withheld | 2.1K | $19.50 |
| 2025-07-22 | Propst Debbie F | Option exercise | 6.0K | — |
| 2025-07-22 | Propst Debbie F | Tax withheld | 2.9K | $19.50 |
| 2025-07-22 | Propst Debbie F | Tax withheld | 15K | $19.50 |
| 2025-07-22 | Propst Debbie F | Option exercise | 32K | — |
| 2025-07-22 | Owen Andrea | Option exercise | 22K | — |
| 2025-07-22 | Owen Andrea | Option exercise | 109K | — |
| 2025-07-22 | Owen Andrea | Tax withheld | 10K | $19.50 |
| 2025-07-22 | Owen Andrea | Tax withheld | 49K | $19.50 |
| 2025-07-22 | Michael John P | Option exercise | 6.0K | — |
| 2025-07-22 | Michael John P | Option exercise | 32K | — |
| 2025-07-22 | Michael John P | Tax withheld | 2.7K | $19.50 |
| 2025-07-22 | Michael John P | Tax withheld | 15K | $19.50 |
| 2025-07-22 | Lyon Megan | Option exercise | 30K | — |
| 2025-07-22 | Lyon Megan | Option exercise | 5.2K | — |
| 2025-07-22 | Lyon Megan | Tax withheld | 1.6K | $19.50 |
| 2025-07-22 | Lyon Megan | Tax withheld | 8.9K | $19.50 |
| 2025-07-22 | Baldwin Christopher M | Option exercise | 6.0K | — |
| 2025-07-22 | Baldwin Christopher M | Option exercise | 32K | — |
| 2025-07-22 | Baldwin Christopher M | Tax withheld | 14K | $19.50 |
| 2025-07-22 | Baldwin Christopher M | Tax withheld | 2.7K | $19.50 |
| 2025-01-15 | Matthews Candace S. | Grant | 5.5K | $21.90 |
| 2025-01-15 | Manheimer Heidi J | Grant | 5.6K | $21.90 |
| 2025-01-15 | KRO LISA A | Grant | 6.0K | $21.90 |
| 2025-01-15 | Hoke John R III | Grant | 7.1K | $21.90 |
| 2025-01-15 | Gang Jeanne Kay | Grant | 5.5K | $21.90 |
| 2025-01-15 | FRENCH DOUGLAS D | Grant | 5.5K | $21.90 |
| 2025-01-15 | Edekar Edmundson Tina | Grant | 5.5K | $21.90 |
| 2025-01-15 | Smith Mike C. | Grant | 5.9K | $21.90 |
| 2025-01-15 | Smith Michael R | Option exercise | 508 | $21.90 |
| 2025-01-15 | Smith Michael R | Other | 0 | $21.90 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-24 | ResultsExhibits | filing ↗ |
| 2026-06-03 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-03-25 | ResultsExhibits | filing ↗ |
| 2026-02-11 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-01-16 | Exec/director changeExhibits | filing ↗ |
| 2025-12-17 | ResultsExhibits | filing ↗ |
| 2025-10-20 | Exec/director changeExhibits | filing ↗ |
| 2025-10-14 | Exec/director changeShareholder vote | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-24 | 2026-06-24 | 0000066382-26-000064 ↗ |
| 8-K | 2026-06-03 | 2026-05-30 | 0000066382-26-000057 ↗ |
| 10-Q | 2026-03-30 | 2026-02-28 | 0000066382-26-000050 ↗ |
| 8-K | 2026-03-25 | 2026-03-25 | 0000066382-26-000036 ↗ |
| 8-K | 2026-02-11 | 2026-02-10 | 0000066382-26-000031 ↗ |
| 8-K | 2026-01-16 | 2026-01-13 | 0000066382-26-000012 ↗ |
| 10-Q | 2026-01-05 | 2025-11-29 | 0000066382-26-000010 ↗ |
| 8-K | 2025-12-17 | 2025-12-17 | 0000066382-25-000139 ↗ |
| 8-K | 2025-10-20 | 2025-10-16 | 0000066382-25-000136 ↗ |
| 8-K | 2025-10-14 | 2025-10-13 | 0000066382-25-000117 ↗ |
| 10-Q | 2025-09-29 | 2025-08-30 | 0000066382-25-000112 ↗ |
| 8-K | 2025-09-23 | 2025-09-23 | 0000066382-25-000106 ↗ |