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 $1.5B — 2.3× the size. MillerKnoll, Inc. trades at the lower P/E: 14.9× against 426×. 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; MillerKnoll, Inc. yields more (3.56% vs 2.94%). Across the 23 metrics below, MillerKnoll, Inc. leads on 19 and HNI Corporation on 4.

Valuation

Metric HNI MLKN Furnishings Fixtures & Appliances median
P/E 426.00 14.94 14.67
P/S 0.77 0.38 0.53
P/B 1.87 1.08 1.09
Price to free cash flow 29.56 13.16 9.09
EV/EBITDA 16.32 7.45 7.12
EV/Sales 1.07 0.68 0.68
Earnings yield 0.23% 6.69% 3.67%
Free cash flow yield 3.38% 7.60% 7.21%

Profitability

Metric HNI MLKN Furnishings Fixtures & Appliances median
Gross margin 40.95% 39.53% 37.53%
Operating margin 2.03% 5.16% 2.52%
Net margin 0.10% 2.57% 2.02%
Free cash flow margin 2.60% 3.04% 3.16%
Return on equity 0.34% 7.37% 7.37%
Return on assets 0.13% 2.46% 2.13%
Return on invested capital 1.79% 4.96% 3.71%

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% (0.71%)
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 1.95
Net debt to EBITDA 4.82 3.20 0.06

Dividend

Metric HNI MLKN Furnishings Fixtures & Appliances median
Dividend yield 2.94% 3.56% 2.94%
Payout ratio 15.33 0.53 0.51

Size

Metric HNI MLKN Furnishings Fixtures & Appliances median
Market cap 3.40b 1.49b 202.07m

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