HNI Corporation (HNI) vs MillerKnoll, Inc. (MLKN)

HNI Corporation and MillerKnoll, Inc. are both Furnishings Fixtures & Appliances companies. HNI Corporation is the larger, with a market value of $3.4B against $1.4B — 2.5× the size. MillerKnoll, Inc. trades at the lower P/E: 14.0× against 429×. HNI Corporation grew revenue faster over the last twelve months: 70.1% against 1.20%. MillerKnoll, Inc. has the higher net margin (2.57% vs 0.10%) and the higher return on invested capital (4.96% vs 1.79%). Both pay a dividend; HNI Corporation yields more (3.04% vs 2.75%). Across the 23 metrics below, MillerKnoll, Inc. leads on 17 and HNI Corporation on 6.

Valuation

Metric HNI MLKN Furnishings Fixtures & Appliances median
P/E 428.64 14.04 14.03
P/S 0.77 0.36 0.52
P/B 1.88 1.04 1.06
Price to free cash flow 29.74 12.33 9.86
EV/EBITDA 16.40 7.19 7.67
EV/Sales 1.07 0.66 0.67
Earnings yield 0.23% 7.12% 3.50%
Free cash flow yield 3.36% 8.11% 7.55%

Profitability

Metric HNI MLKN Furnishings Fixtures & Appliances median
Gross margin 40.95% 39.53% 37.53%
Operating margin 2.03% 5.16% 2.03%
Net margin 0.10% 2.57% 1.65%
Free cash flow margin 2.60% 6.29% 3.92%
Return on equity 0.34% 0.00% 5.51%
Return on assets 0.13% 2.46% 1.69%
Return on invested capital 1.79% 4.96% 3.55%

Growth

Metric HNI MLKN Furnishings Fixtures & Appliances median
Revenue growth (TTM) 70.13% 1.20% 1.14%
EPS growth (last fiscal year) (61.46%) 344.44% —
Revenue growth, 5-year CAGR 7.74% 9.28% 0.64%
Net income growth, 5-year CAGR 5.28% (12.12%) 0.00%

Health

Metric HNI MLKN Furnishings Fixtures & Appliances median
Debt to equity 0.78 0.96 0.17
Current ratio 1.36 1.65 1.97
Net debt to EBITDA 4.82 3.20 0.06

Dividend

Metric HNI MLKN Furnishings Fixtures & Appliances median
Dividend yield 3.04% 2.75% 2.20%
Payout ratio 0.79 1.74 0.09

Size

Metric HNI MLKN Furnishings Fixtures & Appliances median
Market cap 3.37b 1.37b 212.02m

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