MillerKnoll Inc (MLKN)
Operating profit margin
| May 31, 2025 | May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 50,500 | 167,200 | 122,300 | 122,300 | 39,800 |
| Revenue | US$ in thousands | 3,669,900 | 3,628,400 | 8,100,200 | 4,087,100 | 3,946,000 |
| Operating profit margin | 1.38% | 4.61% | 1.51% | 2.99% | 1.01% |
May 31, 2025 calculation
Operating profit margin = Operating income ÷ Revenue
= $50,500K ÷ $3,669,900K
= 1.38%
The operating profit margin of MillerKnoll Inc has exhibited notable fluctuations over the specified period. As of May 31, 2022, the operating profit margin stood at 5.05%, indicating a relatively healthy profitability level during that fiscal year. By May 31, 2023, the margin experienced a decline to 2.99%, reflecting a decrease in operating efficiency or increased operating costs relative to revenue.
The subsequent data point on June 3, 2023, shows a further reduction to 1.51%, suggesting a continued deterioration in operating profitability shortly after the 2023 fiscal year-end. However, a recovery dimension is observed by May 31, 2024, when the operating profit margin increased to 4.61%, surpassing the previous years' figures and implying an improvement in operational performance or cost management strategies.
Nevertheless, the margin again declined significantly by May 31, 2025, reaching 1.38%. This decline indicates a potential challenge in maintaining operating efficiency or an impact from external or internal factors adversely affecting profitability.
In summary, the operating profit margin for MillerKnoll Inc experienced periods of decline and recovery over the analyzed timeframe, with the most recent data indicating a considerable decrease from the prior year, signaling potential ongoing challenges in operational profitability.