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MLR

Miller Industries Inc

NYSE: MLR · CONSUMER CYCLICAL · AUTO PARTS

$47.32
-1.74% today

Updated 2026-06-03

Market cap
$545.51M
P/E ratio
35.72
P/S ratio
0.73x
EPS (TTM)
$1.34
Dividend yield
1.71%
52W range
$33 – $50
Volume
0.1M

Miller Industries Inc (MLR) Financial statements

SEC filings — annual and quarterly data.

Income statement — annual

Item20062007200820092010201120122013201420152016201720182019202020212022202320242025
Revenue$409.42M$400.03M$270.99M$237.57M$306.90M$412.66M$342.66M$404.17M$492.78M$540.97M$601.12M$615.10M$711.71M$818.17M$651.29M$717.48M$848.46M$1.15B$1.26B$790.27M
Revenue growth (YoY)-2.3%-32.3%-12.3%+29.2%+34.5%-17.0%+17.9%+21.9%+9.8%+11.1%+2.3%+15.7%+15.0%-20.4%+10.2%+18.3%+35.9%+9.0%-37.2%
Cost of revenue$349.64M$343.88M$237.36M$202.27M$260.57M$342.56M$302.61M$361.73M$439.79M$483.35M$536.84M$548.00M$628.37M$721.68M$568.21M$647.62M$766.04M$1.00B$1.09B$669.88M
Gross profit$59.78M$56.15M$33.63M$35.30M$46.33M$70.10M$40.06M$42.44M$52.98M$57.61M$64.28M$67.10M$83.34M$96.49M$83.08M$69.85M$82.42M$151.85M$170.81M$120.39M
Gross margin14.6%14.0%12.4%14.9%15.1%17.0%11.7%10.5%10.8%10.7%10.7%10.9%11.7%11.8%12.8%9.7%9.7%13.2%13.6%15.2%
R&D$0.00$1.44M$1.30M$1.90M$1.59M$1.80M$1.94M$3.13M$3.70M$4.72M$3.60M$4.00M$6.00M$6.20M$8.20M
SG&A$26.84M$27.11M$25.94M$24.91M$26.66M$31.41M$27.51M$28.32M$28.50M$31.49M$32.32M$35.56M$39.54M$43.39M$39.71M$200000.00$943000.00$1.18M$86.32M$88.98M
Operating income$32.57M$28.75M$7.69M$10.39M$19.67M$38.70M$12.55M$14.11M$24.49M$26.12M$31.96M$31.54M$43.54M$53.09M$43.36M$23.62M$29.59M$78.77M$84.48M$31.41M
Operating margin8.0%7.2%2.8%4.4%6.4%9.4%3.7%3.5%5.0%4.8%5.3%5.1%6.1%6.5%6.7%3.3%3.5%6.8%6.7%4.0%
EBITDA$35.41M$32.01M$10.45M$14.35M$23.13M$42.53M$17.17M$18.00M$28.07M$30.10M$37.07M$38.07M$51.29M$61.89M$48.91M$34.16M$40.87M$93.00M$98.13M$46.09M
EBITDA margin8.6%8.0%3.9%6.0%7.5%10.3%5.0%4.5%5.7%5.6%6.2%6.2%7.2%7.6%7.5%4.8%4.8%8.1%7.8%5.8%
EBIT$32.57M$28.75M$6.93M$10.87M$19.59M$38.86M$13.37M$14.23M$24.05M$25.78M$32.24M$31.93M$43.54M$52.76M$39.31M$23.12M$29.11M$79.76M$84.06M$31.41M
Interest expense$3.52M$3.39M$1.24M$883000.00$305000.00$728000.00$712000.00$369000.00$554000.00$919000.00$1.16M$1.59M$1.88M$2.38M$1.22M$1.35M$3.38M$5.97M$3.93M$660000.00
Income tax$2.45M$9.32M$2.18M$3.93M$7.58M$15.12M$3.53M$5.17M$8.66M$8.89M$11.15M$7.32M$7.92M$11.27M$8.27M$5.51M$5.39M$15.49M$16.64M
Effective tax rate5.1%36.3%37.8%39.5%39.3%39.7%27.9%35.9%36.8%35.7%35.9%24.1%19.0%22.4%21.7%25.3%20.9%21.0%20.8%0.0%
Net income$45.34M$16.33M$3.59M$6.02M$11.71M$23.01M$9.12M$9.23M$14.90M$15.98M$19.92M$23.02M$33.75M$39.11M$29.83M$16.25M$20.35M$58.29M$63.49M$23.01M
Net income growth (YoY)-64.0%-78.0%+67.8%+94.6%+96.5%-60.4%+1.2%+61.5%+7.2%+24.7%+15.5%+46.6%+15.9%-23.7%-45.5%+25.2%+186.5%+8.9%-63.8%
Profit margin11.1%4.1%1.3%2.5%3.8%5.6%2.7%2.3%3.0%3.0%3.3%3.7%4.7%4.8%4.6%2.3%2.4%5.1%5.0%2.9%

Frequently asked questions

What is Miller Industries Inc's revenue?

Miller Industries Inc's trailing twelve-month revenue is $745.48M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.

How profitable is MLR?

In its most recent fiscal year, MLR ran a gross margin of 15.23%, an operating margin of 3.97%, and a net margin of 2.91%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.

How much free cash flow does MLR generate?

MLR produced $85.01M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.

Is MLR's balance sheet healthy?

MLR holds $44.68M in cash and equivalents against $31.05M in long-term debt, on $420.57M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.