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Millerknoll (MLKN) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Sep 28, 2026 · Millerknoll (MLKN) Q1 FY27 earnings results →

Q1 FY27 Revenue down 3% year over year to $923M · 3¢ of every $1 of revenue kept as net profit · operating margin 5.6%

Millerknoll made $923M in Q1 FY27 (-3% Y/Y): Workplace $356M, Lifestyle $304M, Performance Seating $208M. Operating margin 5.6%, net earnings $26.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 28, 2026.

Revenue$923M

Year over year-3%

Operating margin5.6%

Net earnings$26.6M

Operating cash flow$49.1M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $923.4M in Q1 FY27, down 3% year over year and down 8% from the previous quarter. Workplace was the largest line at 39% of revenue. Workplace lost $34.9M year over year (down 9%), 108% of the total change.

Gross margin was 41.7%, up 3.2 points from Q1 FY26. Operating profit was $51.8M, a 5.6% margin (unchanged year over year). Operating expenses grew 6% against a revenue fall of 3%. The fastest-growing cost line was Research & development (+23%). Net earnings were $26.6M, up 32% year over year. The effective tax rate was 21.6%.

Operating cash flow was $49.1M (up 422% year over year), 178% of net income including minority interests. Non-cash charges added back $34.5M of depreciation and amortization and $8.1M of share-based compensation. Working capital and other items used $21.1M. Capital expenditures of $32.5M left free cash flow of $16.6M.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q1 FY27	10-Q	Sep 28, 2026	$923M	-3%	5.6%	$26.6M	$49.1M
Q4 FY26	10-K	Jul 20, 2026	$1.0B	+4%	5.1%	$23.6M	$64.8M
Q3 FY26	10-Q	Mar 30, 2026	$927M	+6%	4.8%	$23.5M	$61.1M
Q2 FY26	10-Q	Jan 5, 2026	$955M	-2%	5.1%	$24.2M	$64.6M
Q1 FY26	10-Q	Sep 29, 2025	$956M	+11%	5.6%	$21.1M	$9.4M
Q4 FY25	10-K	Jul 21, 2025	$962M	+8%	5.7%	−$56.2M	$70.9M
Q3 FY25	10-Q	Mar 31, 2025	$876M	+0.4%	-9.4%	−$11.7M	$62.0M

Charts

Latest (Q1 FY27): Y/Y -3%, Q/Q -8%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q1 FY27): Net income $27.6M, Operating cash flow $49.1M.

+16.7% since FY21: more shares outstanding (issuance, stock pay).

Cash $168M, short-term investments —, long-term debt — at 2026-05-30.