MillerKnoll Inc (MLKN)
Pretax margin
| May 31, 2025 | May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -21,900 | 99,700 | 46,600 | 51,400 | -8,600 |
| Revenue | US$ in thousands | 3,669,900 | 3,628,400 | 8,100,200 | 4,087,100 | 3,946,000 |
| Pretax margin | -0.60% | 2.75% | 0.58% | 1.26% | -0.22% |
May 31, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $-21,900K ÷ $3,669,900K
= -0.60%
The pretax margin of MillerKnoll Inc. demonstrates notable variability over the specified periods. As of May 31, 2022, the company's pretax margin was recorded at -0.22%, indicating a slight pre-tax loss relative to revenue. By May 31, 2023, there was a significant improvement, with the margin turning positive to 1.26%, reflecting an enhancement in profitability before taxes. This positive trend continued into the period ending June 3, 2023, with a pretax margin of 0.58%, although it showed a slight decrease compared to May 2023. Moving forward to May 31, 2024, the pretax margin experienced further growth, reaching 2.75%, which signifies an improved pre-tax profitability and effective cost management or revenue generation strategies. However, in the subsequent period ending May 31, 2025, the pretax margin declined again to -0.60%, reverting back into negative territory, which may suggest challenges in maintaining profitability or increased costs impacting pre-tax earnings. Overall, the data reflects a period of transition with fluctuations in pretax profitability, highlighting the company's responsiveness to operational or market factors during these periods.