HNI vs MillerKnoll
MillerKnoll reported revenue of $3.8 billion in fiscal 2026, 1.4 times HNI's $2.8 billion in fiscal 2025. HNI's revenue grew 12.4% in its latest year, and MillerKnoll's grew 4.7%. HNI had an operating margin of 4.4%, against 5.2% at MillerKnoll. Free cash flow was $208 million at HNI and $78 million at MillerKnoll. Their fiscal years end in different months (January 3 and May 30), so the periods don't line up exactly.
Side by side
| HNI | MillerKnoll | |
|---|---|---|
| Latest fiscal year | FY2025, Jan 3, 2026 | FY2026, May 30, 2026 |
| Revenue | $2.8B | $3.8B |
| Revenue growth | 12.4% | 4.7% |
| Revenue growth a year, last 5 years | 7.7% | 9.3% |
| Gross margin | 41.4% | 38.8% |
| Operating margin | 4.4% | 5.2% |
| Net margin | 1.9% | 2.4% |
| Free cash flow | $208M | $78M |
| Free cash flow margin | 7.3% | 2.0% |
| Return on capital | 3.7% | 6.1% |
| Net debt to EBITDA | 4.7x | 3.1x |
| Dividends and buybacks | $147M | $51M |
| Change in diluted share count | 0.8% | 0.5% |
| Last close | $47.26 | $21.49 |
| P/E at the last close | 157.5× | 15.2× |
| Insider trades, last 12 months | sold $4.8 million | — |
| Piotroski F-score | 6 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
HNIMillerKnoll
Operating margin
Percent of revenue
HNIMillerKnoll
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
HNIMillerKnoll
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the HNI and MillerKnoll pages.