MillerKnoll vs MSA Safety
MillerKnoll reported revenue of $3.8 billion in fiscal 2026, 2.0 times MSA Safety's $1.9 billion in fiscal 2025. MillerKnoll's revenue grew 4.7% in its latest year, and MSA Safety's grew 3.7%. MillerKnoll had an operating margin of 5.2%, against 19.8% at MSA Safety. Free cash flow was $78 million at MillerKnoll and $295 million at MSA Safety. Their fiscal years end in different months (May 30 and December 31), so the periods don't line up exactly.
Side by side
| MillerKnoll | MSA Safety | |
|---|---|---|
| Latest fiscal year | FY2026, May 30, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $3.8B | $1.9B |
| Revenue growth | 4.7% | 3.7% |
| Revenue growth a year, last 5 years | 9.3% | 6.8% |
| Gross margin | 38.8% | 46.5% |
| Operating margin | 5.2% | 19.8% |
| Net margin | 2.4% | 14.9% |
| Free cash flow | $78M | $295M |
| Free cash flow margin | 2.0% | 15.8% |
| Return on capital | 6.1% | 17.3% |
| Net debt to EBITDA | 3.1x | 0.9x |
| Dividends and buybacks | $51M | $172M |
| Change in diluted share count | 0.5% | −0.5% |
| Last close | $21.07 | $182.57 |
| P/E at the last close | 14.9× | 22.7× |
| Insider trades, last 12 months | — | bought $71,093, sold $4.2 million |
| Piotroski F-score | 7 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ 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
MillerKnollMSA Safety
Operating margin
Percent of revenue
MillerKnollMSA Safety
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
MillerKnollMSA Safety
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 MillerKnoll and MSA Safety pages.