MillerKnoll is a global furniture company whose fiscal 2025 results provide a detailed view of scale, demand, retail reach and financial performance. The company reported $3,669.9 million in consolidated net sales for the fiscal year ended May 31, 2025, while its unfilled-order backlog stood at $761.3 million at that date.
Key MillerKnoll Statistics
The most quotable MillerKnoll statistics span sales, demand, physical operations and financial resources:
- In fiscal 2025, MillerKnoll reported $3,669.9 million in consolidated net sales globally.
- Fiscal 2025 consolidated sales increased 1.1% year over year compared with fiscal 2024.
- At May 31, 2025, MillerKnoll had $761.3 million in unfilled-order backlog globally.
- Fiscal 2025 reported orders totaled $3,747.7 million for consolidated MillerKnoll.
- Fiscal 2025 reported orders increased 3.5% year over year globally.
- Organic consolidated orders increased 4.1% year over year in fiscal 2025.
- North America Contract generated $1,965.2 million in fiscal 2025 net sales.
- Global Retail generated $1,044.7 million in fiscal 2025 net sales.
- International Contract generated $660.0 million in fiscal 2025 net sales.
- MillerKnoll operated 75 retail stores globally at May 31, 2025.
- The global retail network represented approximately 506,811 square feet of selling space at May 31, 2025.
- MillerKnoll reported 12 significant North America Contract properties, consisting of 7 owned and 5 leased properties, at May 31, 2025.
- Cash and cash equivalents were $193.7 million at May 31, 2025.
- Total assets were $3,950.2 million at May 31, 2025.
- Net cash provided by operating activities was $209.3 million in fiscal 2025.
- Fiscal 2025 gross margin was 38.8% of sales, compared with 39.1% in fiscal 2024.
- Fiscal 2025 operating expenses were 37.4% of sales, compared with 34.5% in fiscal 2024.
- MillerKnoll’s fiscal 2025 capital expenditures totaled $107.6 million.
Contents
- Key MillerKnoll Statistics
- MillerKnoll Company Scale and Financial Snapshot
- MillerKnoll Revenue Statistics by Segment
- MillerKnoll Orders, Backlog and Operating Performance
- MillerKnoll Stores, Facilities and Global Footprint
- MillerKnoll Balance Sheet, Cash Flow and Investment Data
- MillerKnoll Costs, Margins and Capital Allocation
MillerKnoll Company Scale and Financial Snapshot
MillerKnoll’s fiscal calendar ends on the Saturday closest to May 31. Fiscal 2025 and fiscal 2024 each contained 52 weeks, while fiscal 2023 contained 53 weeks, so year comparisons should account for the differing calendar length.
| Fiscal period | Consolidated net sales | Measurement note |
|---|---|---|
| Fiscal 2025 | $3,669.9 million | Year ended May 31, 2025 |
| Fiscal 2024 | $3,628.4 million | Year ended June 1, 2024 |
| Fiscal 2023 | $4,087.1 million | Year ended June 3, 2023; 53 weeks |
Source: MillerKnoll 2025 Annual Report on Form 10-K, the official SEC filing. Fiscal 2025 sales increased 1.1% from fiscal 2024, based on the company’s reported comparison.
The company reported 67,804,913 common shares issued and outstanding at May 31, 2025. It had approximately 32,000 shareholders of record as of July 18, 2025; that approximate count includes security-position listings and is not a measure of unique beneficial owners.
Approximately 2% of employees were covered by collective bargaining agreements at May 31, 2025. MillerKnoll reported that most covered employees were in the UK, Italy and Brazil, making this an estimate about workforce coverage rather than a global headcount statistic.
MillerKnoll Revenue Statistics by Segment
MillerKnoll reports three business segments: North America Contract, International Contract and Global Retail. The company changed segment definitions effective March 1, 2025 and recast historical segment results to reflect that change.
| Segment | Fiscal 2025 net sales | Reported year-over-year change | Organic sales change |
|---|---|---|---|
| North America Contract | $1,965.2 million | 2.2% | 2.4% |
| International Contract | $660.0 million | 2.2% | 2.7% |
| Global Retail | $1,044.7 million | -1.5% | -0.3% |
Source: MillerKnoll 2025 Annual Report on Form 10-K. The organic comparison is a company-defined non-GAAP measure that adjusts reported sales for currency translation and specified items.
Organic fiscal 2025 sales were $1,967.6 million in North America Contract, $663.1 million in International Contract and $1,045.4 million in Global Retail. These organic figures are not the same as reported segment sales because of the company’s adjustments.
Fiscal 2025 net price increases contributed approximately $14 million to consolidated sales. This is management’s attribution of part of the year-over-year sales change, not an independently calculated price effect.
MillerKnoll Orders, Backlog and Operating Performance
Orders and sales describe different stages of MillerKnoll’s business. Orders are bookings, while sales are recognized revenue; backlog is unfilled orders and can change before shipment.
| Operational measure | Fiscal 2025 or period-end value | Comparison or qualification |
|---|---|---|
| Reported orders | $3,747.7 million | Fiscal 2025; bookings, not recognized sales |
| Reported order change | 3.5% increase | Fiscal 2025 versus fiscal 2024 |
| Organic order change | 4.1% increase | Fiscal 2025 versus fiscal 2024 |
| Backlog | $761.3 million | May 31, 2025; unfilled orders |
| Prior-year backlog | $683.6 million | June 1, 2024; unfilled orders |
Source: MillerKnoll 2025 Annual Report on Form 10-K. Organic orders are a company-defined non-GAAP measure that adjusts for currency translation.
Organic orders increased 6.3% in North America Contract, 0.6% in International Contract and 2.2% in Global Retail in fiscal 2025. The segment figures indicate stronger order growth in North America Contract than in International Contract during the reported comparison period.
Consolidated operating earnings were $50.5 million, equal to a 1.4% operating margin, in fiscal 2025. Fiscal 2024 consolidated operating earnings were $167.2 million, or 4.6% of sales, while North America Contract adjusted operating earnings were $191.0 million in fiscal 2025; the adjusted figure excludes specified charges.
The company said substantially all of the May 31, 2025 backlog was expected to be filled during the next fiscal year. That statement is management’s forecast, so actual fulfillment timing may differ.
MillerKnoll Stores, Facilities and Global Footprint
At May 31, 2025, MillerKnoll operated 75 retail stores globally, excluding three separately counted retail outlet stores. The retail stores represented approximately 506,811 square feet of selling space.
| Retail brand or network | Stores at May 31, 2025 | Scope |
|---|---|---|
| Design Within Reach | 38 | Included in the 75-store total |
| Herman Miller | 30 | Included in the 75-store total |
| Muuto | 3 | Included in the 75-store total |
| Knoll | 2 | Included in the 75-store total |
Source: MillerKnoll 2025 Annual Report on Form 10-K. Brand counts are components of the global retail total and should not be added to separately counted outlet stores.
The company reported 12 significant properties primarily supporting North America Contract: 7 owned and 5 leased. International Contract was primarily supported by 7 significant properties: 3 owned and 4 leased.
Two listed owned facilities illustrate the scale of the manufacturing and operating footprint. The Zeeland, Michigan facility covered 771,000 square feet, while the East Greenville, Pennsylvania facility covered 735,000 square feet at May 31, 2025.
MillerKnoll Balance Sheet, Cash Flow and Investment Data
MillerKnoll reported $193.7 million of cash and cash equivalents at May 31, 2025. Its balance sheet also showed $3,950.2 million in total assets, $2,615.1 million in total liabilities and $1,275.8 million in stockholders’ equity.
| Balance-sheet item | May 31, 2025 value | Definition |
|---|---|---|
| Cash and cash equivalents | $193.7 million | Balance-sheet cash |
| Total assets | $3,950.2 million | GAAP balance-sheet total |
| Total liabilities | $2,615.1 million | GAAP balance-sheet total |
| Stockholders’ equity | $1,275.8 million | GAAP stockholders’ equity |
| Inventories | $447.5 million | Total inventory |
Source: MillerKnoll 2025 Annual Report on Form 10-K. Inventory included $329.5 million of finished goods and work in process and $118.0 million of raw materials.
Net cash provided by operating activities was $209.3 million in fiscal 2025, compared with $352.3 million in fiscal 2024. Fiscal 2025 investing activities used $100.9 million of cash, and financing activities used $150.3 million.
These cash-flow figures describe cash-flow statement categories, not free cash flow or a complete measure of financial health. The cash balance is a period-end snapshot, while operating cash flow covers the full fiscal year.
MillerKnoll Costs, Margins and Capital Allocation
MillerKnoll’s fiscal 2025 gross margin was 38.8%, compared with 39.1% in fiscal 2024. Cost of sales represented 61.2% of sales in fiscal 2025.
Operating expenses were 37.4% of sales in fiscal 2025, compared with 34.5% in fiscal 2024. In dollar terms, consolidated operating expenses increased $120 million, or 9.6%, and the company attributed $113 million of the year-over-year increase to non-cash intangible impairment charges.
| Capital-allocation measure | Fiscal 2025 value | Comparative or scope note |
|---|---|---|
| Capital expenditures | $107.6 million | Fiscal 2025 |
| Capital expenditures | $78.4 million | Fiscal 2024 |
| Dividends paid | $51.7 million | Fiscal 2025 cash dividends |
| Additional repurchase authorization | $200.0 million | Board authorization on July 16, 2024 |
Source: MillerKnoll 2025 Annual Report on Form 10-K. A repurchase authorization is not the same as repurchases executed.
The reported margin and expense figures are GAAP measures unless explicitly identified otherwise. Organic sales and orders, adjusted operating earnings, adjusted cost of sales and adjusted operating expenses are company-defined non-GAAP measures and should be read with that distinction in mind.