Alliance Laundry Holdings Inc. (ALH) vs MillerKnoll, Inc. (MLKN)

Alliance Laundry Holdings Inc. and MillerKnoll, Inc. are both Furnishings Fixtures & Appliances companies. Alliance Laundry Holdings Inc. is the larger, with a market value of $4.5B against $1.5B — 3.0× the size. MillerKnoll, Inc. trades at the lower P/E: 15.5× against 24.0×. Alliance Laundry Holdings Inc. has the higher net margin (10.1% vs 2.57%) and the higher return on invested capital (10.6% vs 4.96%). Across the 19 metrics below, MillerKnoll, Inc. leads on 13 and Alliance Laundry Holdings Inc. on 6.

Valuation

Metric ALH MLKN Furnishings Fixtures & Appliances median
P/E 24.01 15.53 15.05
P/S 2.52 0.40 0.57
P/B 8.92 1.12 1.15
Price to free cash flow 17.46 13.68 10.12
EV/EBITDA 13.54 7.61 7.61
EV/Sales 3.37 0.69 0.68
Earnings yield 4.16% 6.44% 3.17%
Free cash flow yield 5.73% 7.31% 7.12%

Profitability

Metric ALH MLKN Furnishings Fixtures & Appliances median
Gross margin 37.72% 39.53% 37.63%
Operating margin 19.06% 5.16% 2.99%
Net margin 10.08% 2.57% 2.29%
Free cash flow margin 14.45% 3.04% 4.26%
Return on equity 158.98% 7.37% 7.66%
Return on assets 12.15% 2.46% 2.30%
Return on invested capital 10.55% 4.96% 3.70%

Growth

Metric ALH MLKN Furnishings Fixtures & Appliances median
Revenue growth (TTM) — 1.20% 1.07%
EPS growth (last fiscal year) (0.71%) 344.44% (6.04%)
Revenue growth, 5-year CAGR — 9.28% 0.50%
Net income growth, 5-year CAGR — (12.12%) 0.00%

Health

Metric ALH MLKN Furnishings Fixtures & Appliances median
Debt to equity 3.35 0.96 0.06
Current ratio 1.43 1.65 2.00
Net debt to EBITDA 3.86 3.20 0.21

Dividend

Metric ALH MLKN Furnishings Fixtures & Appliances median
Dividend yield — 3.42% 2.87%
Payout ratio — 0.53 0.51

Size

Metric ALH MLKN Furnishings Fixtures & Appliances median
Market cap 4.49b 1.51b 228.02m

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