← MILLERKNOLL, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $2.3b | $2.3b | $2.4b | $2.6b | $2.5b | $2.5b | $3.9b | $4.1b | $3.6b | $3.7b | |
| Revenue from Contract with Customer, Including Assessed Tax | $2.3b | $2.3b | $2.4b | $2.6b | $2.5b | $2.5b | $3.9b | $4.1b | $3.6b | $3.7b | |
| Cost of Revenue | $1.4b | $1.4b | $1.5b | $1.6b | $1.6b | $1.5b | $2.6b | $2.7b | $2.2b | $2.2b | |
| Gross Profit | $874.2m | $864.2m | $873.0m | $929.9m | $910.7m | $949.2m | $1.4b | $1.4b | $1.4b | $1.4b | |
| Operating Expenses | $662.7m | $673.4m | $695.5m | $726.4m | $949.1m | $718.6m | $1.3b | $1.3b | $1.3b | $1.4b | |
| Operating Income (Loss) | $211.5m | $190.8m | $177.5m | $203.5m | ($38.4m) | $230.6m | $39.8m | $122.3m | $167.2m | $50.5m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | — | — | — | — | — | — | — | $39.8m | $37.6m | $37.9m | |
| Foreign Currency Transaction Gain (Loss), before Tax | $700k | $700k | $400k | $300k | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $600k | $0 | — | — | $125.5m | — | $125.5m | $125.5m | $125.5m | $92.3m | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $154.9m | $131.4m | $121.6m | $136.2m | ($75.6m) | $133.2m | ($142.4m) | ($90.3m) | ($24.8m) | ($132.8m) | |
| Income (Loss) from Equity Method Investments | $400k | $1.6m | $3.0m | $5.0m | $5.0m | $300k | $0 | — | ($400k) | $0 | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | — | ($8.6m) | $51.4m | $99.7m | ($21.9m) | |
| Net Income (Loss) Attributable to Parent | $136.7m | $123.9m | $128.1m | $160.5m | ($9.1m) | $173.1m | ($27.1m) | $42.1m | $82.3m | ($36.9m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $200k | $600k | $0 | ($5.3m) | $5.7m | $7.4m | — | — | — | |
| Earnings Per Share, Basic | $2.28 | $2.07 | $2.15 | $2.72 | ($0.15) | $2.94 | ($0.37) | $0.56 | $1.12 | ($0.54) | |
| Earnings Per Share, Diluted | $2.26 | $2.05 | $2.12 | $2.70 | ($0.15) | $2.92 | ($0.37) | $0.55 | $1.11 | ($0.54) | |
| Common Stock, Dividends, Per Share, Declared | $0.59 | $0.68 | $0.72 | $0.79 | $0.63 | $0.79 | $0.63 | $0.75 | $0.75 | $0.75 | |
| Weighted Average Number of Shares Outstanding, Basic | 59.8m | 59.9m | 59.7m | 59.0m | 58.9m | 58.9m | 73.2m | 75.5m | 73.3m | 69.0m | |
| Weighted Average Number of Shares Outstanding, Diluted | 60.5m | 60.6m | 60.3m | 59.4m | 58.9m | 59.4m | 73.2m | 76.0m | 74.0m | 69.0m | |
| Selling, General and Administrative Expense | $585.6m | $587.8m | $616.7m | $639.3m | $643.3m | $643.8m | $1.2b | $1.1b | $1.1b | $1.1b | |
| Other Nonoperating Income (Expense) | ($300k) | ($200k) | ($300k) | $1.6m | ($1.0m) | $7.6m | ($12.2m) | $300k | $2.6m | ($1.1m) | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $76.2m | $76.7m | |
| Current Income Tax Expense (Benefit) | $49.1m | $42.1m | $45.2m | $38.3m | $31.0m | $41.2m | $34.5m | $48.7m | $52.8m | $56.4m | |
| Interest Expense | $15.4m | $15.2m | $13.5m | $12.1m | $12.5m | $13.9m | $37.8m | $74.0m | — | — | |
| Nonoperating Income (Expense) | ($14.9m) | ($13.2m) | ($9.4m) | ($8.4m) | — | — | — | — | — | — | |
| Research and Development Expense | $62.4m | $58.6m | $57.1m | $58.8m | $54.3m | $50.8m | $71.1m | $105.7m | $92.6m | $93.8m | |
| Restructuring Costs | — | — | — | — | — | — | — | $34.0m | $30.8m | $14.8m | |
| Income Tax Expense (Benefit) | $59.5m | $55.1m | $42.4m | $39.6m | $6.0m | $47.9m | $11.1m | $4.5m | $14.7m | $11.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.