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Employees: 1,535
Size Miller Industries (MLR) is a United States Consumer Discretionary company (Motor Vehicles) with a market value of $526M, the 2654th largest of 3,117 United States companies the cockpit tracks. Shares closed at $46.32 on 6 Nov 2026.
Performance Over six months the shares fell 3.6%, against -19.9% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 20.9% over the last twelve months (peer median -4.4%); the operating margin is 2.9% (peer median 1.8%).
Valuation It trades at 16.4× forward earnings against a peer median of 11.3× (2nd most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.8 points below its cost of capital (10.5% WACC).
Short interest Short interest is 3.8% of the free float (15 Oct 2026).
Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $771M | $790M | $1.26B | $1.15B | $848M |
| Revenue growth | — | -37% | +9% | +36% | — |
| Gross profit | $113M | $129M | $177M | $152M | $82.4M |
| EBITDA | $37.5M | $46.1M | $98.6M | $92.0M | $41.4M |
| Net income | $14.3M | $23.0M | $63.5M | $58.3M | $20.3M |
| Free cash flow | $113M | $85.0M | $1.52M | -$1.13M | -$48.1M |
| Capital expenditure | $19.0M | $13.7M | $15.4M | $12.1M | $28.9M |
| Total debt | $5.71M | $33.6M | $65.5M | $60.8M | $45.9M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MLR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.3% | -6.6% | 8th lowest of 21 |
| 6-month return | -3.6% | -19.9% | 5th highest of 21 |
| Distance from 52-week high | -22.4% | -44.1% | 2nd highest of 21 |
| Revenue growth (TTM) | -20.9% | -4.4% | 4th lowest of 20 |
| Operating margin | 2.9% | 1.8% | 10th highest of 20 |
| Forward P/E | 16.4× | 11.3× | 2nd most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 4.0% | 2.8% | 5th most demanding of 11 |
| Growth delivered (Del g) | +3.9% | +6.7% | 3rd lowest of 11 |
| Hurdle (Req g minus delivered) | +0.1 pp | -4.6 pp | 3rd most demanding of 11 |
| ROIC minus cost of capital | -5.8 pp | -3.0 pp | 7th lowest of 19 |
| Net debt / EBITDA | -1.3× | 0.6× | 4th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Miller Industries MLR | United States | $526M | -4% | -21% | 3% | 16.4× | 4.0% | +3.9% |
| WINBO-Dongjian Automotive Technology 300978.SZ | China | $522M | -24% | -8% | 11% | n/a | 2.2% | +6.7% |
| Jiangsu Yueda Investment 600805.SS | China | $559M | -17% | -4% | 0% | n/a | n/a | n/a |
| Hirata 6258.T | Japan | $564M | -14% | +9% | 11% | 11.0× | 4.1% | +7.8% |
| Merida Industry 9914.TW | Taiwan | $573M | +9% | -16% | 6% | 11.5× | -4.9% | -0.3% |
| Amotiv AOV.AX | Australia | $476M | -19% | +3% | 16% | 6.5× | -4.7% | +13.0% |
| Aston Martin Lagonda Global AML.L | United Kingdom | $474M | -26% | 0% | -12% | n/a | n/a | n/a |
| Shenzhen China Bicycle Company (Holdings) 000017.SZ | China | $469M | -1% | -39% | 6% | n/a | 31.4% | +44.2% |
| Jilin Liyuan Precision Manufacturing 002501.SZ | China | $591M | -25% | -9% | -55% | n/a | n/a | n/a |
| Anhui Ankai Automobile 000868.SZ | China | $468M | -26% | -1% | -4% | n/a | n/a | n/a |
| Liaoning Shenhua 600653.SS | China | $450M | -16% | -42% | -3% | n/a | 35.7% | -11.9% |
| Shanghai Phoenix Enterprise (Group)Co 600679.SS | China | $617M | -6% | +1% | 3% | n/a | 10.0% | +9.4% |
| BAIC Motor 1958.HK | Hong Kong | $629M | -55% | -20% | 2% | n/a | n/a | n/a |
| Morita 6455.T | Japan | $660M | -6% | 0% | 12% | 10.0× | -13.0% | +6.6% |
| Voyah Automotive Technology 7489.HK | Hong Kong | $704M | -75% | n/a | n/a | 16.2× | n/a | n/a |
| Luyuan Group Holding (Cayman) 2451.HK | Hong Kong | $722M | +24% | -3% | 1% | 26.3× | n/a | n/a |
| Eson Precision Ind 5243.TW | Taiwan | $382M | -31% | -11% | 10% | 11.3× | -7.0% | +4.1% |
| Yulon Nissan Motor 2227.TW | Taiwan | $379M | -21% | -24% | -5% | 10.7× | n/a | n/a |
| Nissan Shatai 7222.T | Japan | $747M | -4% | +15% | 4% | n/a | n/a | n/a |
| Dometic DOM.ST | Sweden | $755M | -29% | -6% | -13% | 11.4× | 3.4% | +5.4% |
| Polestar Automotive Holding UK PLC Sponsored ADR PSNY | United States | $778M | -79% | +18% | -47% | n/a | n/a | n/a |