Saturday 17 October 2026 Export MLR’s income statement to Excel — free account

Miller Industries, Inc.

Miller Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $790.3 million, down 37.2% from fiscal 2024. In the quarter to June 2026, revenue grew 12.1%, EPS fell 13.5%, free cash flow grew 9.55% and total debt fell 94.2%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, operating cash flow growth for three.

51.47 0.20 +0.39%

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Market cap: $582.0M
P/E: 40.8×
Fwd P/E: 26.2×
Dividend yield: 1.61%
F-score: 7/9
Altman Z: 4.29
Beneish M: −3.32
Dividend safety: 90/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 5.42%

Capital & Financial Ratios $m

Market Cap 582.03

Revenue 771.44

Net Income 14.31

Free Cash Flow 114.27

Net Debt (52.47)

Current Ratio 2.46

Debt/Equity 0.01

P/E ratio 40.85

Fwd P/E 26.20

P/S ratio 0.76

P/B ratio 1.39

Past 5Y EPS Growth (5.45%)

This Y EPS Growth (0.76%)

Next Y EPS Growth 46.56%

Next Y revenue growth 15.96%

Next 5Y EPS Growth 19.63%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 98.19%

10-year low 10-year high

P/S against its own 10 years 96.20%

10-year low 10-year high

P/B against its own 10 years 50.06%

10-year low 10-year high

EV/Sales against its own 10 years 95.80%

10-year low 10-year high

EV/FCF against its own 10 years 4.19%

10-year low 10-year high

Dividends

Payout Ratio 0.67

Annual Dividend Rate 0.83

Annual Dividend Yield 1.61%

	total	individual payouts
2027	Powerpack
2026	0.84	0.21 0.21 0.21
2025	0.80	0.20 0.20 0.20 0.20
2024	0.76	0.19 0.19 0.19 0.19
2023	0.72	0.18 0.18 0.18 0.18
2022	0.72	0.18 0.18 0.18 0.18
2021	0.72	0.18 0.18 0.18 0.18
2020	0.72	0.18 0.18 0.18 0.18
2019	0.72	0.18 0.18 0.18 0.18
2018	0.90	0.18 0.18 0.18 0.18 0.18
2017	0.72	0.18 0.18 0.18 0.18
2016	0.68	0.17 0.17 0.17 0.17

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	30	24	45	56
Receivables	286	313	198	225
Inventory	190	186	184	157
Other	—	—	—	—
	510	530	440	454

	2023	2024	2025	Q'26
Payables	192	146	79	127
ST’ Debt	—	—	2	2
Other	—	—	—	—
	235	198	137	185

Compound Annual Growth %

	10y	5y	3y
Sales	3.86%	3.94%	(2.34%)
Cash Flow	17.21%	10.21%	0.00%
Earnings	3.72%	(5.06%)	4.19%
Book Value	9.24%	8.29%	12.75%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	181	240	—	—	—
’25	226	214	179	172	790
’24	350	371	314	222	1,258
’23	282	300	275	296	1,153
’22	216	202	206	226	848
’21	170	181	165	202	717
’20	176	129	168	178	651

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	31	32	—	—	—
’25	3	27	20	49	99
’24	9	(11)	30	(12)	17
’23	(7)	10	1	7	11
’22	(29)	(6)	3	12	(19)
’21	3	2	2	8	15
’20	(2)	25	21	17	61

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	23	28	—	—	—
’25	(2)	26	19	44	87
’24	4	(14)	24	(13)	2
’23	(9)	5	(2)	5	(1)
’22	(33)	(25)	1	9	(48)
’21	0	(1)	(1)	7	6
’20	(5)	21	16	12	43

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.05	0.63	—	—	—
’25	0.69	0.73	0.27	0.29	1.98
’24	1.47	1.78	1.33	0.91	5.47
’23	0.81	1.29	1.52	1.45	5.07
’22	0.18	0.33	0.46	0.81	1.78
’21	0.28	0.57	0.34	0.24	1.42
’20	0.48	0.51	0.57	1.05	2.62

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	18.93	22.80	22.80	25.91	25.25	31.51	21.00	26.30	38.33	33.81	Analyst estimates 2026–2028 Powerpack
	High	28.85	29.00	29.40	38.18	38.47	47.57	34.95	43.50	78.25	70.06
People
People	Employees	1,103	1,120	1,240	1,310	1,280	1,450	1,450	1,821	1,711	1,535
	Revenue/emp, $m	0.54	0.55	0.57	0.62	0.51	0.49	0.59	0.63	0.73	0.51
Income, $m
Income, $m	Revenue	601	615	712	818	651	717	848	1,153	1,258	790
	Gross margin, %	10.69	10.91	11.71	11.79	12.03	9.74	9.71	13.17	13.58	15.23
	EBT	31	30	42	50	38	22	26	74	80	31
	EBT margin, %	5.17	4.93	5.85	6.16	5.85	3.03	3.03	6.40	6.37	3.99
	Net income	20	23	34	39	30	16	20	58	63	23
	Depreciation	5	6	8	9	10	11	12	13	14	15
Per share, $
Per share, $	Revenue	52.98	54.11	62.50	71.77	57.11	62.88	74.32	100.83	109.83	69.04
	Earnings	1.76	2.02	2.96	3.43	2.62	1.42	1.78	5.10	5.55	2.01
	Cash flow	1.84	1.23	1.92	3.08	5.32	1.34	(1.68)	0.96	1.47	8.62
	Capex	(2.21)	(2.06)	(1.16)	(1.50)	(1.51)	(0.79)	(2.53)	(1.02)	(1.34)	(1.06)
	Free cash flow	(0.36)	(0.83)	0.76	1.59	3.81	0.54	(4.21)	(0.06)	0.14	7.56
	Book value	16.27	17.87	19.98	22.63	24.77	24.94	25.70	30.42	35.02	36.74
	Shares, m	11	11	11	11	11	11	11	11	11	11
Valuation, ×
Valuation, ×	P/E	15.00	12.65	9.09	10.79	14.57	23.36	14.89	8.14	11.78	18.59
	P/S	0.50	0.47	0.43	0.52	0.67	0.53	0.36	0.41	0.60	0.54
	P/B	1.62	1.43	1.35	1.64	1.54	1.34	1.03	1.37	1.87	1.02
	EV/Sales	0.45	0.45	0.42	0.49	0.58	0.46	0.36	0.44	0.63	0.53
	EV/FCF	(66.74)	(29.58)	34.07	22.28	8.66	52.83	(6.40)	(686.58)	500.52	4.81
Cash, $m
Cash, $m	Operating cash flow	21	14	22	35	61	15	(19)	11	17	99
	Capex	(25)	(23)	(13)	(17)	(17)	(9)	(29)	(12)	(15)	(12)
	Free cash flow	(4)	(9)	9	18	43	6	(48)	(1)	2	87
Balance, $m
Balance, $m	Working capital	120	126	150	163	176	182	220	276	332	303
	Total debt	5	11	16	5	0	1	45	60	65	33
	Net debt	(26)	(11)	(11)	(21)	(57)	(53)	5	30	41	(11)
	Shareholders’ equity	185	203	228	258	282	285	293	348	401	421
Returns, %
Returns, %	ROA	7.04	7.49	9.85	10.29	7.55	3.89	4.33	10.15	9.66	3.66
	ROIC	12.71	10.40	12.65	13.90	10.90	6.38	6.19	13.02	11.95	4.80
	ROE	11.12	11.87	15.67	16.11	11.04	5.73	7.04	18.18	16.96	5.60

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PLOW Douglas Dynamics, Inc.	$915.2M	17.7×	16.8×	+10.46% (above 0%: growing)	−1.82% (below 0%: shrinking)	−97.51% (below 0%: shrinking)	31.12%	16.51%	Compare
SMP Standard Motor Products, Inc.	$829.7M	16.2×	19.7×	+1.57% (above 0%: growing)	+18.26% (above 0%: growing)	+108.33% (above 0%: growing)	32.82%	10.14%	Compare
FOXF Fox Factory Holding Corp.	$777.6M	— (loss-making)	53.3×	−4.47% (below 0%: shrinking)	+42.86% (above 0%: growing)	+13.54% (above 0%: growing)	30.63%	4.89%	Compare
MLR Miller Industries, Inc.	$582.0M	40.8×	26.2×	+12.13% (above 0%: growing)	−13.51% (below 0%: shrinking)	+9.55% (above 0%: growing)	14.97%	4.48%
SLDP Solid Power, Inc.	$486.0M	— (loss-making)	— (loss-making)	−103.55% (below 0%: shrinking)	n/m	+15.13% (above 0%: growing)	890.67%	11,301.87%	Compare
MNRO Monro Muffler Brake, Inc.	$449.0M	62.0×	47.6×	−4.62% (below 0%: shrinking)	n/m	−349.08% (below 0%: shrinking)	34.97%	1.29%	Compare
CPS Cooper-Standard Holdings Inc.	$381.7M	— (loss-making)	13.9×	+2.18% (above 0%: growing)	n/m	+169.83% (above 0%: growing)	11.61%	1.78%	Compare
ECX ECARX Holdings, Inc.	$333.8M	— (loss-making)	242×	+44.73% (above 0%: growing)	n/m	+46.10% (above 0%: growing)	19.76%	(2.75%)	Compare
SES SES AI Corporation	$328.1M	— (loss-making)	— (loss-making)	+43.80% (above 0%: growing)	n/m	−24.58% (below 0%: shrinking)	22.61%	(378.47%)	Compare
Median of peers	$467.5M	17.7×	33.7×	+1.88%	+18.26%	+14.33%	30.87%	3.34%

All 53 Auto Parts stocks →

Miller Industries, Inc. (MLR) key facts

Concern: Miller Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $790.3 million, down 37.2% from fiscal 2024.
Concern: Net income was $23.0 million, or $2.01 per share (basic), a net margin of 2.91%.
Miller Industries, Inc. (MLR) is an Auto Parts company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
As of October 16, 2026, MLR traded at $51.47, a market capitalization of $582.0 million.
At that price the stock trades at 40.8× trailing-twelve-month earnings and 0.8× sales; its P/E is higher than 98% of its own readings over the past ten years.
Miller Industries, Inc. pays an annual dividend of $0.83 per share, a yield of 1.61%, with a payout ratio of 66.9%.
Return on equity was 5.60% and debt-to-equity 0.01.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 4.29 (safe zone) for fiscal 2025.