MillerKnoll Inc (MLKN)
Net profit margin
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Dec 2, 2023 | Nov 30, 2023 | Sep 2, 2023 | Aug 31, 2023 | Jun 3, 2023 | May 31, 2023 | Mar 4, 2023 | Feb 28, 2023 | Dec 3, 2022 | Nov 30, 2022 | Sep 3, 2022 | Aug 31, 2022 | May 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -36,900 | 30,100 | 65,000 | 53,100 | 87,800 | 111,400 | 105,900 | 100,400 | 66,800 | 34,400 | 18,100 | 2,500 | 18,600 | 33,500 | 58,900 | 83,600 | 89,100 | 94,600 | 81,400 | 70,000 |
| Revenue (ttm) | US$ in thousands | 3,669,900 | 3,597,000 | 3,574,700 | 3,476,600 | 3,544,800 | 3,605,400 | 3,650,000 | 3,695,400 | 7,789,600 | 7,796,800 | 7,863,900 | 7,930,900 | 3,955,600 | 4,065,800 | 4,162,300 | 4,256,400 | 4,308,300 | 4,341,900 | 4,309,300 | 4,249,800 |
| Net profit margin | -1.01% | 0.84% | 1.82% | 1.53% | 2.48% | 3.09% | 2.90% | 2.72% | 0.86% | 0.44% | 0.23% | 0.03% | 0.47% | 0.82% | 1.42% | 1.96% | 2.07% | 2.18% | 1.89% | 1.65% |
May 31, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-36,900K ÷ $3,669,900K
= -1.01%
The net profit margin of MillerKnoll Inc over the analyzed period demonstrates notable fluctuations, reflecting varying levels of profitability across different reporting dates. Starting at 1.65% as of May 31, 2022, the ratio experienced an upward trend reaching a peak of 2.18% on September 3, 2022. This indicates an improvement in profitability during this interval, possibly attributable to operational efficiencies or favorable market conditions.
Subsequently, the net profit margin showed a slight decline, settling at 2.07% by November 30, 2022, and further decreasing to 1.96% as of December 3, 2022. The subsequent period marked a downward trajectory, with the margin diminishing to 1.42% on February 28, 2023, and continuing to decline sharply, reaching 0.82% on March 4, 2023. This trend suggests a tightening of profitability possibly due to increased costs, competitive pressures, or other factors impacting the company's bottom line.
In the fiscal year 2023, the net profit margin further contracted, falling to 0.47% by May 31, 2023, and approaching near zero at 0.03% on June 3, 2023. A slight uptick to 0.23% was observed by August 31, 2023, with a modest increase to 0.44% as of September 2, 2023. These low figures reflect ongoing challenges in maintaining profitability within the period.
A brief improvement is noted with the margin increasing to 0.86% on November 30, 2023, followed by a significant rise to 2.72% on December 2, 2023, and further to 2.90% on February 29, 2024. The margin continued to improve, reaching a peak of 3.09% on March 2, 2024. This upward movement indicates a period of enhanced profitability, potentially resulting from cost management, sales growth, or other positive operational factors.
However, the trend reverses in subsequent periods, with the net profit margin declining again to 2.48% on May 31, 2024, and then decreasing to 1.53% on August 31, 2024, and 1.82% on November 30, 2024. The latest data indicates a further decline to 0.84% as of February 28, 2025. Notably, the margin turns negative at -1.01% on May 31, 2025, implying a period of net loss, which underscores significant profitability challenges faced by the company toward the end of the analyzed timeframe.
Overall, the net profit margin exhibits a pattern of volatility, with periods of both improvement and deterioration. The overarching trend suggests that MillerKnoll Inc’s profitability has been subject to considerable fluctuations, culminating in a negative margin at the most recent data point, which signals potential financial difficulties or restructuring needs.