Miller Inds Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Miller Inds's revenue grew 9.0% year-over-year to $1.3B, a solid pace of expansion. This earns a growth score of 54/100.
Miller Inds carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.68, Miller Inds holds $2.68 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 87/100.
While Miller Inds generated $16.9M in operating cash flow, capex of $15.4M consumed most of it, leaving $1.5M in free cash flow. This results in a low score of 1/100, reflecting heavy capital investment rather than weak cash generation.
Miller Inds's ROE of 15.8% shows moderate profitability relative to equity, earning a score of 63/100. This is down from 16.8% the prior year.
Miller Inds passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Miller Inds generates $0.27 in operating cash flow ($16.9M OCF vs $63.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Miller Inds (MLR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Miller Inds generated $1.3B in revenue in fiscal year 2024. This represents an increase of 9.0% from the prior year.
Miller Inds generated $1.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 233.9% from the prior year.
Miller Inds reported $63.5M in net income in fiscal year 2024. This represents an increase of 8.9% from the prior year.
Miller Inds earned $5.47 per diluted share (EPS) in fiscal year 2024. This represents an increase of 7.9% from the prior year.
Miller Inds held $24.3M in cash against $65.0M in long-term debt as of fiscal year 2024.
Miller Inds paid $0.76 per share in dividends in fiscal year 2024. This represents an increase of 5.6% from the prior year.
Miller Inds had 11M shares outstanding in fiscal year 2024. This represents a decrease of 0.1% from the prior year.
Miller Inds's gross margin was 13.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.
Miller Inds's net profit margin was 5.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.0 percentage points from the prior year.
Miller Inds's ROE was 15.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the prior year.
Miller Inds invested $6.2M in research and development in fiscal year 2024. This represents an increase of 3.3% from the prior year.
Miller Inds spent $2.9M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Miller Inds invested $15.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 26.9% from the prior year.
MLR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $178.7M-16.5% | $214.0M-5.1% | $225.7M+1.7% | $221.9M-40.3% | $371.5M+6.2% | $349.9M+18.1% | $296.2M+7.9% | $274.6M |
| Cost of Revenue | $153.3M-14.5% | $179.4M-6.4% | $191.7M+1.7% | $188.4M-41.2% | $320.4M+4.8% | $305.6M+18.6% | $257.6M+11.2% | $231.7M |
| Gross Profit | $25.3M-26.8% | $34.6M+1.9% | $33.9M+1.5% | $33.5M-34.5% | $51.1M+15.4% | $44.2M+14.5% | $38.6M-9.9% | $42.9M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $21.2M-9.2% | $23.4M+0.6% | $23.3M+18.2% | $19.7M-13.6% | $22.8M+5.7% | $21.5M+31.6% | $16.4M-15.3% | $19.3M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $93K-68.4% | $294K+209.5% | $95K-75.3% | $384K-81.3% | $2.0M+64.5% | $1.2M-14.1% | $1.4M-20.1% | $1.8M |
| Income Tax | $1.2M-58.0% | $2.9M+6.7% | $2.7M+30.1% | $2.1M-63.4% | $5.7M+28.3% | $4.5M+4.3% | $4.3M-6.4% | $4.6M |
| Net Income | $3.1M-63.6% | $8.5M+4.9% | $8.1M-23.4% | $10.5M-48.7% | $20.5M+20.5% | $17.0M+2.0% | $16.7M-4.4% | $17.5M |
| EPS (Diluted) | $0.27-63.0% | $0.73+5.8% | $0.69-22.5% | $0.89-50.0% | $1.78+21.1% | $1.47+1.4% | $1.45-4.6% | $1.52 |
MLR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $604.3M-3.0% | $622.9M-2.6% | $639.7M-4.1% | $667.0M-10.8% | $748.2M+7.4% | $696.5M+7.6% | $647.2M+10.2% | $587.4M |
| Current Assets | $469.5M-3.3% | $485.4M-3.1% | $500.9M-5.4% | $529.8M-13.3% | $611.0M+9.3% | $558.8M+9.5% | $510.5M+13.7% | $449.1M |
| Cash & Equivalents | $38.4M+20.7% | $31.8M+16.3% | $27.4M+12.4% | $24.3M+2.2% | $23.8M-11.2% | $26.8M-10.4% | $29.9M+11.4% | $26.8M |
| Inventory | $180.7M+9.2% | $165.5M+0.3% | $164.9M-11.4% | $186.2M-0.6% | $187.3M+1.6% | $184.3M-2.9% | $189.8M+7.6% | $176.3M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $20.0M0.0% | $20.0M0.0% | $20.0M0.0% | $20.0M0.0% | $20.0M-0.1% | $20.0M0.0% | $20.0M-2.8% | $20.6M |
| Total Liabilities | $183.7M-10.1% | $204.3M-12.4% | $233.2M-12.3% | $266.0M-27.8% | $368.3M+10.2% | $334.2M+11.7% | $299.3M+17.4% | $255.0M |
| Current Liabilities | $135.8M-7.2% | $146.3M-5.7% | $155.2M-21.5% | $197.9M-32.6% | $293.8M+7.0% | $274.6M+17.0% | $234.7M+24.5% | $188.5M |
| Long-Term Debt | $45.0M-18.2% | $55.0M-26.7% | $75.0M+15.4% | $65.0M-7.1% | $70.0M+27.3% | $55.0M-8.3% | $60.0M0.0% | $60.0M |
| Total Equity | $420.7M+0.5% | $418.6M+3.0% | $406.5M+1.4% | $401.0M+5.6% | $379.9M+4.8% | $362.4M+4.2% | $347.9M+4.7% | $332.4M |
| Retained Earnings | $267.7M+0.3% | $266.9M+2.4% | $260.7M+2.3% | $254.9M+9.3% | $233.3M+8.5% | $215.0M+7.4% | $200.2M+7.9% | $185.5M |
MLR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $19.9M-26.9% | $27.2M+903.8% | $2.7M+123.2% | -$11.7M-9.7% | -$10.7M-219.0% | $9.0M+33.0% | $6.8M+418.0% | $1.3M |
| Capital Expenditures | $1.8M+7.3% | $1.7M-67.3% | $5.1M+304.7% | $1.3M-59.4% | $3.1M-33.2% | $4.7M+97.7% | $2.4M-24.4% | $3.1M |
| Free Cash Flow | $18.1M-29.2% | $25.6M+1159.1% | -$2.4M+81.4% | -$13.0M+5.9% | -$13.8M-420.7% | $4.3M-1.9% | $4.4M+340.9% | -$1.8M |
| Investing Cash Flow | -$518K+69.1% | -$1.7M+67.3% | -$5.1M-299.1% | -$1.3M+57.6% | -$3.0M+35.0% | -$4.7M-197.6% | -$1.6M+53.0% | -$3.3M |
| Financing Cash Flow | -$13.4M+41.0% | -$22.8M-506.3% | $5.6M+358.2% | -$2.2M-120.2% | $10.8M+249.9% | -$7.2M-246.6% | -$2.1M-0.6% | -$2.1M |
| Dividends Paid | $2.3M-0.3% | $2.3M+0.3% | $2.3M+5.3% | $2.2M-0.9% | $2.2M+0.6% | $2.2M+5.2% | $2.1M+0.6% | $2.1M |
| Share Buybacks | $1.2M+132.0% | $500K-76.2% | $2.1M | $0 | N/A | N/A | N/A | N/A |
MLR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 14.2%-2.0pp | 16.2%+1.1pp | 15.0%-0.0pp | 15.1%+1.3pp | 13.8%+1.1pp | 12.7%-0.4pp | 13.0%-2.6pp | 15.6% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 1.7%-2.2pp | 4.0%+0.4pp | 3.6%-1.2pp | 4.8%-0.8pp | 5.5%+0.6pp | 4.9%-0.8pp | 5.6%-0.7pp | 6.4% |
| Return on Equity | 0.7%-1.3pp | 2.0%+0.0pp | 2.0%-0.6pp | 2.6%-2.8pp | 5.4%+0.7pp | 4.7%-0.1pp | 4.8%-0.4pp | 5.3% |
| Return on Assets | 0.5%-0.8pp | 1.4%+0.1pp | 1.3%-0.3pp | 1.6%-1.2pp | 2.7%+0.3pp | 2.4%-0.1pp | 2.6%-0.4pp | 3.0% |
| Current Ratio | 3.46+0.1 | 3.32+0.1 | 3.23+0.5 | 2.68+0.6 | 2.08+0.0 | 2.03-0.1 | 2.17-0.2 | 2.38 |
| Debt-to-Equity | 0.11-0.0 | 0.13-0.1 | 0.18+0.0 | 0.16-0.0 | 0.18+0.0 | 0.15-0.0 | 0.170.0 | 0.18 |
| FCF Margin | 10.1%-1.8pp | 11.9%+13.0pp | -1.1%+4.8pp | -5.9%-2.1pp | -3.7%-4.9pp | 1.2%-0.3pp | 1.5%+2.1pp | -0.7% |
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Frequently Asked Questions
What is Miller Inds's annual revenue?
Miller Inds (MLR) reported $1.3B in total revenue for fiscal year 2024. This represents a 9.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Miller Inds's revenue growing?
Miller Inds (MLR) revenue grew by 9% year-over-year, from $1.2B to $1.3B in fiscal year 2024.
Is Miller Inds profitable?
Yes, Miller Inds (MLR) reported a net income of $63.5M in fiscal year 2024, with a net profit margin of 5.1%.
What is Miller Inds's earnings per share (EPS)?
Miller Inds (MLR) reported diluted earnings per share of $5.47 for fiscal year 2024. This represents a 7.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Miller Inds have?
As of fiscal year 2024, Miller Inds (MLR) had $24.3M in cash and equivalents against $65.0M in long-term debt.
What is Miller Inds's gross margin?
Miller Inds (MLR) had a gross margin of 13.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Miller Inds's net profit margin?
Miller Inds (MLR) had a net profit margin of 5.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Miller Inds pay dividends?
Yes, Miller Inds (MLR) paid $0.76 per share in dividends during fiscal year 2024.
What is Miller Inds's return on equity (ROE)?
Miller Inds (MLR) has a return on equity of 15.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Miller Inds's free cash flow?
Miller Inds (MLR) generated $1.5M in free cash flow during fiscal year 2024. This represents a 233.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Miller Inds's operating cash flow?
Miller Inds (MLR) generated $16.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Miller Inds's total assets?
Miller Inds (MLR) had $667.0M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Miller Inds's capital expenditures?
Miller Inds (MLR) invested $15.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Miller Inds spend on research and development?
Miller Inds (MLR) invested $6.2M in research and development during fiscal year 2024.
Does Miller Inds buy back shares?
Yes, Miller Inds (MLR) spent $2.9M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Miller Inds have outstanding?
Miller Inds (MLR) had 11M shares outstanding as of fiscal year 2024.
What is Miller Inds's current ratio?
Miller Inds (MLR) had a current ratio of 2.68 as of fiscal year 2024, which is generally considered healthy.
What is Miller Inds's debt-to-equity ratio?
Miller Inds (MLR) had a debt-to-equity ratio of 0.16 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Miller Inds's return on assets (ROA)?
Miller Inds (MLR) had a return on assets of 9.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Miller Inds's Piotroski F-Score?
Miller Inds (MLR) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Miller Inds's earnings high quality?
Miller Inds (MLR) has an earnings quality ratio of 0.27x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Miller Inds?
Miller Inds (MLR) scores 61 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.