Millerknoll, Inc. (MLKN) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Durable Goods, Textiles & Apparel · as of Sep 25, 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
15.5
P / E (ttm)
6.8%
ROE
$1.4B
Market cap
2.93%
Dividend yield
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 (red flags, auditor quality, say on pay, board independence, going concern, valuation). 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
4.7%
FY2026
Return on invested capital.Return on invested capital is 4.7% in the latest fiscal year, against 4.2% in FY2024, having run between 1.3% and 4.7% 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 cannot be compared across FY2024–FY2026: cash is tagged in one of those two fiscal years and not the other, and an untagged line enters this calculation as zero, so any change in the base would be a change in what the filer tagged. FY2024's operating profit carried a $31M restructuring charge and a $17M asset write-down that alone took about 1.2 points off that year's return, so more than the whole 0.5-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 6.1 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.
$92M
FY2025–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 Equity6.8%
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?