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Miller Industries vs Hyliion Holdings: MLR and HYLN compared
Miller Industries is the larger company: $212M of revenue in its latest quarter (Q3 2026) against $4.9M for Hyliion Holdings (Q2 2026). Hyliion Holdings is growing faster (+226% against +19% a year earlier). Miller Industries is more profitable, with an operating margin of 3.5% against -309.4%.
Where the money goes: MLR and HYLN
Miller Industries (MLR) · Q3 2026
Miller Industries, Q3 2026: revenue $212M (+19% year over year), operating margin 3.5%, net earnings $6.1M, operating cash flow $23.7M. The chart follows the revenue to costs, profit and cash.
Hyliion Holdings (HYLN) · Q2 2026
Hyliion Holdings, Q2 2026: revenue $4.9M (+226% year over year), operating margin -309.4%, net loss $13.9M, operating cash flow −$7.1M. The chart follows the revenue to costs, profit and cash.
| Miller Industries (MLR) | Hyliion Holdings (HYLN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $212M | $4.9M |
| Revenue growth, Y/Y | +19% | +226% |
| Gross margin | 14.0% | — |
| Operating margin | 3.5% | -309.4% |
| Net earnings | $6.1M | −$13.9M |
| Net margin | 2.9% | -281.7% |
| Operating cash flow | $23.7M | −$7.1M |
| Free cash flow | $13.7M | — |
| Market value | $603M | — |
| P/E | 35.0× | — |
| Analysts’ mean target | $58.00 | — |
Questions
Which is bigger, Miller Industries or Hyliion Holdings?
Miller Industries is the larger company: $212M of revenue in its latest quarter (Q3 2026) against $4.9M for Hyliion Holdings (Q2 2026).
Is Miller Industries or Hyliion Holdings growing faster?
Hyliion Holdings is growing faster (+226% against +19% a year earlier).
Which is more profitable, Miller Industries or Hyliion Holdings?
Miller Industries is more profitable, with an operating margin of 3.5% against -309.4%.
More: Miller Industries earnings · how Miller Industries makes money · Hyliion Holdings earnings · how Hyliion Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 11, 2026). Fiscal quarters can end on different dates. Not investment advice.