MillerKnoll Inc (MLKN)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -21,800 | -50,700 | 76,700 | 59,300 | 103,900 | 141,400 | 136,600 | 130,200 | 80,500 | 30,700 | 9,800 | -9,700 | 17,300 | 44,400 | 75,600 | 107,700 | 136,900 | 157,700 | 142,700 | 127,000 |
| 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 |
| Pretax margin | -0.59% | -1.41% | 2.15% | 1.71% | 2.93% | 3.92% | 3.74% | 3.52% | 1.03% | 0.39% | 0.12% | -0.12% | 0.44% | 1.09% | 1.82% | 2.53% | 3.18% | 3.63% | 3.31% | 2.99% |
May 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-21,800K ÷ $3,669,900K
= -0.59%
The pretax margin of MillerKnoll Inc. has exhibited notable fluctuations over the analyzed period. Starting at approximately 2.99% as of May 31, 2022, the margin experienced a slight increase, reaching a peak of around 3.63% on September 3, 2022. However, thereafter, it demonstrated a declining trend, culminating in a low of approximately -0.12% on June 3, 2023, indicating periods of operational loss before recovery trends were observed.
Post-June 2023, the pretax margin showed signs of improvement, rising back into positive territory to approximately 3.52% by December 2, 2023, and slightly higher to 3.92% by March 2, 2024. This upward movement suggests a period of operational strengthening or cost management effectiveness.
Despite these recoveries, the margin again declined, reaching -1.41% as of February 28, 2025, reflecting recent negative profitability. The latest data point for May 31, 2025, indicates a marginal loss with a pretax margin of approximately -0.59%. Overall, the pretax margin trajectory demonstrates considerable volatility, characterized by episodes of both profitability and losses, with recent periods showing negative margins that suggest ongoing challenges in maintaining consistent pretax profitability.