MillerKnoll Inc (MLKN)
Net profit margin
| May 31, 2025 | May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -36,900 | 82,300 | 42,100 | 42,100 | -19,700 |
| Revenue | US$ in thousands | 3,669,900 | 3,628,400 | 8,100,200 | 4,087,100 | 3,946,000 |
| Net profit margin | -1.01% | 2.27% | 0.52% | 1.03% | -0.50% |
May 31, 2025 calculation
Net profit margin = Net income ÷ Revenue
= $-36,900K ÷ $3,669,900K
= -1.01%
Over the period from May 31, 2022, to May 31, 2025, MillerKnoll Inc's net profit margin has exhibited notable fluctuations, reflecting changes in profitability relative to revenue. As of May 31, 2022, the net profit margin was negative at -0.50%, indicating that the company was incurring net losses during that fiscal year. This negative margin suggests challenges in controlling costs or generating sufficient revenue relative to expenses.
By May 31, 2023, the net profit margin had shifted to a positive value of 1.03%, suggesting an improvement in overall profitability and operational efficiency, possibly due to cost management strategies or increased revenue streams. The figure for June 3, 2023, stands at 0.52%, indicating a slight decrease from the previous year’s level, which could reflect short-term operational adjustments or market factors influencing profit margins.
The most recent data point, for May 31, 2024, shows an increase to 2.27%, signifying a robust recovery and further enhancement in profitability. The positive net profit margin at this level denotes effective cost control, revenue growth, or improved margins across operational segments.
However, by May 31, 2025, the net profit margin declined again to -1.01%, re-entering negative territory. This decline suggests that the company faced setbacks in maintaining profitability, which could be due to increased expenses, competitive pressures, or other external factors impacting revenue or cost structures.
Overall, MillerKnoll Inc’s net profit margin over the analyzed period indicates a trajectory characterized by initial losses, subsequent periods of profitability, and a recent downturn back into losses. This pattern underscores the importance of ongoing operational adjustments and strategic initiatives to stabilize and improve margins in future periods.