MillerKnoll Inc (MLKN)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 50,500 | 58,100 | 183,100 | 172,700 | 217,900 | 215,700 | 213,200 | 201,400 | 152,600 | 103,800 | 84,700 | 27,400 | 54,500 | 81,600 | 111,200 | 162,600 | 186,200 | 204,500 | 166,600 | 161,400 |
| 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 |
| Operating profit margin | 1.38% | 1.62% | 5.12% | 4.97% | 6.15% | 5.98% | 5.84% | 5.45% | 1.96% | 1.33% | 1.08% | 0.35% | 1.38% | 2.01% | 2.67% | 3.82% | 4.32% | 4.71% | 3.87% | 3.80% |
May 31, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $50,500K ÷ $3,669,900K
= 1.38%
The operating profit margin of MillerKnoll Inc. has exhibited significant fluctuations over the specified period. Starting from 3.80% on May 31, 2022, there was a gradual upward trend, reaching a peak of 4.71% on September 3, 2022. This suggests an initial improvement in operational efficiency or revenue management during that timeframe.
Subsequently, the margin declined to 4.32% by November 30, 2022, and further decreased to 3.82% at the beginning of December 2022, indicating a moderation in profitability capabilities post-peak. By February 28, 2023, the margin had contracted further to 2.67%, and continued downward to 2.01% on March 4, 2023, reflecting ongoing challenges or increased costs impacting operational margins.
The decline persisted into mid-2023, with margins reaching a low of 0.35% on June 3, 2023, indicating operational profitability was nearly eroded at that point. Slight recovery was observed afterward, with margins increasing to 1.08% on August 31, 2023, and 1.33% by September 2, 2023.
In late 2023, the margin began to improve more notably, reaching 1.96% on November 30, 2023, and then exhibiting a sharp increase to 5.45% on December 2, 2023, followed by a further rise to 5.84% on February 29, 2024, and peaking at 5.98% on March 2, 2024. This indicates a substantial recovery in operational efficiency and profitability during this period.
The upward trend continued into mid-2024, with the margin reaching 6.15% on May 31, 2024, before a moderate decline to 4.97% on August 31, 2024, and 5.12% on November 30, 2024. However, a notable decrease was observed at the end of the period, with the margin dropping sharply to 1.62% on February 28, 2025, and returning to the initial levels of 1.38% on May 31, 2025.
Overall, the operating profit margin demonstrates periods of contraction and recovery, with the most significant fluctuations occurring within the latter part of 2023 and into early 2024. The data indicates recent volatility in operational profitability, suggesting that external or internal factors impacting costs, revenue streams, or efficiency could be influencing these changes. The overall trend shows a recovery phase in late 2023 and early 2024, followed by a sharp decline in early 2025.