Miller Industries, Inc. (MLR)

From the record

Miller Industries, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Miller Industries, Inc.'s 10 filed years say what it did: revenue went from $601 million in fiscal 2016 to $790 million in fiscal 2025, up 3.1% a year; it rose in 7 of 9 years; the deepest fall was 37% from fiscal 2024 to fiscal 2025; net income was positive in 10 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Miller Industries, Inc.'s diluted share count grew about 0.6% a year, and dividends and buybacks returned about 28% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Miller Industries, Inc. earned about 5 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 20 cents per dollar of everything the company owns. Leverage: it owed about 29 cents per dollar of assets, and net share issuance: its share count grew 0.1% over the year (the filed statements).

From the record

Miller Industries, Inc.'s standing among 30 graded names in its industry family: revenue of $790 million in fiscal 2025 ranks in the bottom 45% by size; a net margin of 2.9% ranks in the top 42%; revenue growth of -2.3% a year over the last 3 filed years ranks in the bottom 48% (its annual reports).

From the record

Miller Industries, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Miller, William G. II (CEO and President, as filed), filing under that title since 2014-03-19, 12.7 years (top 12% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 12.5 years (top 7%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 30%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Miller Industries, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $45 million against debt of $31 million leaves 2.3% of its assets as net cash, top 45% of its family; cash from operations less capital spending is 10.8% of revenue (top 12%); a gross margin of 15.2% (top 50%); research spending of 1% of revenue (bottom 26%) (its annual report).

From the record

Miller Industries, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -2.3% a year over the last three filed years against 3.1% over all 10, slowing (top 48% of its family); the newest year grew -37.2% (bottom 2%); research spending grew 27% a year (top 25%); capital spending grew -22% a year (bottom 29%) (its annual reports). Miller Industries, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Miller Industries, Inc.'s newest year against its own record: revenue of $790 million in fiscal 2025 came in 48.4% below the $1.5 billion its prior three years' pace pointed to (bottom 5% of its family); net income of $23 million against a prior three-year average of $47 million (bottom 30%); a net margin of 2.9% against 4.2% before (bottom 38%) (its annual reports).