Miller Industries Inc (MLR) Financial Statements
Industry: Truck & Bus Bodies
In fiscal 2025, Miller Industries reported revenue of $790.3M, down 37.2% from $1.26B the year before. Net income was $23.0M (a 2.9% net margin), or $1.98 per diluted share. Gross margin was 15.2% and operating margin was 2.9%. Operating activities generated $98.7M of cash, leaving $85.0M of free cash flow. At fiscal year end, Miller Industries held $589.7M in total assets against $169.1M in total liabilities.
Open the full interactive Miller Industries financials → Quarterly statements, key ratios, valuation history and price charts.
Miller Industries Key Stats
| Share Price | $53.25 |
|---|---|
| Market Cap | $613.5M |
| P/E Ratio | 26.9 |
| Revenue YoY Growth | -37.2% |
| 52-Week Range | $35.12 – $57.61 |
| Shares Outstanding | 11.4 million (basic, 2026 Q2) |
Miller Industries Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $651.3M | $717.5M | $848.5M | $1.15B | $1.26B | $790.3M |
| Cost of Goods Sold | $572.9M | $647.6M | $766.0M | $1.00B | $1.09B | $669.9M |
| Gross Profit | $78.4M | $69.9M | $82.4M | $151.9M | $170.8M | $120.4M |
| Operating Income | $14.8M | $20.1M | $25.6M | $72.8M | $78.3M | $23.2M |
| Pre-Tax Income | $38.1M | $21.8M | $25.7M | $73.8M | $80.1M | $31.5M |
| Income Tax | $8.3M | $5.5M | $5.4M | $15.5M | $16.6M | $8.5M |
| Net Income | $29.8M | $16.3M | $20.3M | $58.3M | $63.5M | $23.0M |
| Diluted EPS | $2.62 | $1.42 | $1.78 | $5.07 | $5.47 | $1.98 |
Miller Industries Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $178.7M | $171.9M | $180.9M | $240.0M |
| Net Income | $3.1M | $3.4M | $555,000 | $7.3M |
| Diluted EPS | $0.27 | $0.29 | $0.05 | $0.63 |
Miller Industries Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Current Assets | $286.3M | $329.0M | $376.0M | $510.5M | $529.8M | $439.6M |
| Total Assets | $398.4M | $438.8M | $501.4M | $647.2M | $667.0M | $589.7M |
| Current Liabilities | $110.7M | $144.3M | $156.1M | $234.7M | $197.9M | $136.6M |
| Total Long-Term Debt | — | — | $45.0M | $60.0M | $65.0M | $33.3M |
| Total Liabilities | $116.0M | $150.3M | $208.0M | $299.3M | $266.0M | $169.1M |
| Shareholders' Equity | $282.5M | $288.5M | $293.5M | $347.9M | $401.0M | $420.6M |
Miller Industries Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $60.7M | $15.3M | -$19.2M | $11.0M | $16.9M | $98.7M |
| Cash From Investing | -$17.2M | -$9.1M | -$28.9M | -$29.1M | -$15.3M | -$30.8M |
| Cash From Financing | -$13.6M | -$8.2M | $36.8M | $6.8M | -$6.6M | -$50.7M |
| Free Cash Flow | $43.2M | $6.1M | -$48.1M | -$1.1M | $1.5M | $85.0M |
Figures from Miller Industries' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Miller Industries financials page for every line item.
Miller Industries Company Profile
| Ticker | MLR |
|---|---|
| Exchange | NYSE |
| Industry | Truck & Bus Bodies |
| Headquarters | Ooltewah, Tennessee |
| Incorporated in | Tennessee |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0000924822 |
Frequently Asked Questions
What was Miller Industries' revenue in fiscal 2025?
Miller Industries (MLR) reported revenue of $790.3M for fiscal 2025.
What is Miller Industries' annual revenue history?
Miller Industries' annual revenue by fiscal year: 2020: $651.3M; 2021: $717.5M; 2022: $848.5M; 2023: $1.15B; 2024: $1.26B; 2025: $790.3M.
What was Miller Industries' net income in fiscal 2025?
Miller Industries reported net income of $23.0M for fiscal 2025.
What was Miller Industries' earnings per share (EPS) in fiscal 2025?
Miller Industries' diluted EPS was $1.98 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Miller Industries generate in fiscal 2025?
Miller Industries generated $85.0M of free cash flow in fiscal 2025.
What was Miller Industries' revenue last quarter?
In its most recent reported quarter (2026 Q2), Miller Industries reported revenue of $240.0M.
How much debt does Miller Industries have?
Miller Industries reported $33.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Miller Industries are outstanding?
Miller Industries reported a weighted average of 11.4 million basic shares outstanding in 2026 Q2.
What is Miller Industries' market cap?
Based on its latest closing price, Miller Industries (MLR) has a market capitalization of about $613.5M.
When does Miller Industries' fiscal year end?
Miller Industries' fiscal year end, as registered with the SEC, is December 31.
Where is Miller Industries headquartered?
Miller Industries lists its business address in Ooltewah, Tennessee in its SEC filings.