Forensic Analysis · Furniture & Home Furnishings · as of Nov 8, 2026
Millerknoll, Inc. (MLKN)
A forensic read on Millerknoll, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Grey Zone
Financial health
2.1
Distress distance
Clean
Earnings quality
2
Forensic signals
7.0%
ROE
4.7%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Millerknoll, Inc. earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 2.1, placing it in the Grey zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
4.8%
FY2026
Return on invested capital.Return on invested capital is 4.8% in the latest fiscal year, against 4.5% in FY2024, having run between 1.3% and 4.8% across FY2024–FY2026 with no direction held. After-tax operating profit was $143M in FY2024 and $148M in FY2026, with operating income at 4.6% of revenue in FY2024, 1.4% in FY2025 and 5.2% in FY2026. The capital base behind it went from $3.2B in FY2024 to $3.1B in FY2026 (-2%), while the revenue it carried went from $3.6B to $3.8B. FY2024's operating profit carried a $31M restructuring charge and a $17M asset write-down that alone took about 1.3 points off that year's return, so more than the whole 0.3-point rise across FY2024–FY2026 is that charge leaving the base year rather than the capital earning more. FY2025's operating profit carried a $130M asset write-down, a $92M goodwill write-off and a $15M restructuring charge that alone took about 6.0 points off that year's return; FY2025 sits between the two ends of FY2024–FY2026, so the charge shapes the path between them without moving the change across it. A non-cash write-down lowers the reported return in the year it lands.
$92M
FY2025
Goodwill impairments.Took $92M of goodwill writedowns across 1 year (FY2025 ($92M)). Writedowns mean past acquisitions underperformed what was paid for them.
Key fundamentals
Latest Revenue$3.84B
Revenue Growth YoY+4.7%
Revenue CAGR (2yr)+2.9%
Net Margin2.4%
Free Cash Flow$77.6M
Return on Equity7.0%
Debt / Equity0.96x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Millerknoll, Inc.'s actual 10-K/10-Q/8-K filings?