HERMAN MILLER, INC.

EDGAR

Annual consolidated revenue for 2026: about USD 3.842B, using the latest reported figures. The previous period, 2025, was about USD 3.67B.

Watchlist

Latest quarter

Revenue

923 million USD

2026-08-29 · USD

Exact inputs and evidence

Operating margin

5.61%

2026-08-29 · %

Exact inputs and evidence
  • Operating Income: 51800000 USD Source
  • Revenue: 923400000 USD Source

Operating cash flow

49.1 million USD

2026-08-29 · USD

Exact inputs and evidence
  • Operating Cash Flow: 49100000 USD Source

Free cash flow

16.6 million USD

2026-08-29 · USD

Exact inputs and evidence
  • Operating Cash Flow: 49100000 USD Source
  • Capital Expenditure: 32500000 USD Source
Cash and cash equivalents
179 million USD Source
Exact value

178600000 USD

Long-term debt including current maturities
200 million USD Source
Exact value

200000000 USD

Shares outstanding
68.8 million shares Source
Exact value

68779507 shares

Reported share-count change

0.40% · 276 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 68503628 shares · 2025-08-30· Source
  • 68779507 shares · 2026-08-29· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

3.81 billion USD

2025-08-31 – 2026-08-29

Exact inputs and evidence
  • Revenue: 955200000 USD · 2025-08-31 – 2025-11-29 Source
  • Revenue: 926600000 USD · 2025-11-30 – 2026-02-28 Source
  • Revenue: 3841700000 USD · 2025-06-01 – 2026-05-30 Source
  • Revenue: 2837500000 USD · 2025-06-01 – 2026-02-28 Source
  • Revenue: 923400000 USD · 2026-05-31 – 2026-08-29 Source

Net income

97.9 million USD

2025-08-31 – 2026-08-29

Exact inputs and evidence
  • Net income: 24200000 USD · 2025-08-31 – 2025-11-29 Source
  • Net income: 23500000 USD · 2025-11-30 – 2026-02-28 Source
  • Net income: 91500000 USD · 2025-06-01 – 2026-05-30 Source
  • Net income: 67900000 USD · 2025-06-01 – 2026-02-28 Source
  • Net income: 26600000 USD · 2026-05-31 – 2026-08-29 Source

Operating cash flow

240 million USD

2025-08-31 – 2026-08-29

Exact inputs and evidence
  • Operating cash flow: 74000000 USD · 2025-06-01 – 2025-11-29 Source
  • Operating cash flow: 9400000 USD · 2025-06-01 – 2025-08-30 Source
  • Operating cash flow: 135100000 USD · 2025-06-01 – 2026-02-28 Source
  • Operating cash flow: 74000000 USD · 2025-06-01 – 2025-11-29 Source
  • Operating cash flow: 199900000 USD · 2025-06-01 – 2026-05-30 Source
  • Operating cash flow: 135100000 USD · 2025-06-01 – 2026-02-28 Source
  • Operating cash flow: 49100000 USD · 2026-05-31 – 2026-08-29 Source

Capital expenditure

124 million USD

2025-08-31 – 2026-08-29

Exact inputs and evidence
  • Capital expenditure: 61300000 USD · 2025-06-01 – 2025-11-29 Source
  • Capital expenditure: 30700000 USD · 2025-06-01 – 2025-08-30 Source
  • Capital expenditure: 83400000 USD · 2025-06-01 – 2026-02-28 Source
  • Capital expenditure: 61300000 USD · 2025-06-01 – 2025-11-29 Source
  • Capital expenditure: 122300000 USD · 2025-06-01 – 2026-05-30 Source
  • Capital expenditure: 83400000 USD · 2025-06-01 – 2026-02-28 Source
  • Capital expenditure: 32500000 USD · 2026-05-31 – 2026-08-29 Source

Free cash flow

116 million USD

2025-08-31 – 2026-08-29

Exact inputs and evidence
  • Operating cash flow: 74000000 USD · 2025-06-01 – 2025-11-29 Source
  • Operating cash flow: 9400000 USD · 2025-06-01 – 2025-08-30 Source
  • Operating cash flow: 135100000 USD · 2025-06-01 – 2026-02-28 Source
  • Operating cash flow: 74000000 USD · 2025-06-01 – 2025-11-29 Source
  • Operating cash flow: 199900000 USD · 2025-06-01 – 2026-05-30 Source
  • Operating cash flow: 135100000 USD · 2025-06-01 – 2026-02-28 Source
  • Operating cash flow: 49100000 USD · 2026-05-31 – 2026-08-29 Source
  • Capital expenditure: 61300000 USD · 2025-06-01 – 2025-11-29 Source
  • Capital expenditure: 30700000 USD · 2025-06-01 – 2025-08-30 Source
  • Capital expenditure: 83400000 USD · 2025-06-01 – 2026-02-28 Source
  • Capital expenditure: 61300000 USD · 2025-06-01 – 2025-11-29 Source
  • Capital expenditure: 122300000 USD · 2025-06-01 – 2026-05-30 Source
  • Capital expenditure: 83400000 USD · 2025-06-01 – 2026-02-28 Source
  • Capital expenditure: 32500000 USD · 2026-05-31 – 2026-08-29 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-21.

Financial data available through: 2026-05-30.

Coverage by financial measure
  • Revenue: 10 of 11 periods available· newest 2026-05-30
  • Operating income: 10 of 11 periods available· newest 2026-05-30
  • Net income: 10 of 11 periods available· newest 2026-05-30
  • Operating cash flow: 10 of 11 periods available· newest 2026-05-30
  • Capital expenditure: 10 of 11 periods available· newest 2026-05-30
  • Total assets: 10 of 11 periods available· newest 2026-05-30
  • Total liabilities: 10 of 11 periods available· newest 2026-05-30
  • Current assets: 10 of 11 periods available· newest 2026-05-30
  • Current liabilities: 10 of 11 periods available· newest 2026-05-30
  • Cash and cash equivalents: 8 of 11 periods available· newest 2026-05-30
  • Long-term debt including current maturities: 7 of 11 periods available· newest 2023-06-03
  • Shares outstanding: 10 of 11 periods available· newest 2026-05-30

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +4.7%

    Prior period

    USD 3.67 billion

    –

    Current period

    USD 3.84 billion

    –

    Exact inputs and evidence

    3841700000 − 3669900000 = 171800000 USD

    3669900000 USD · 2024-06-02 – 2025-05-31

    Inspect prior input Prior source

    3841700000 USD · 2025-06-01 – 2026-05-30

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  • Net income

    +USD 128.4 million

    Prior period

    −USD 36.9 million

    –

    Current period

    USD 91.5 million

    –

    Exact inputs and evidence

    91500000 − -36900000 = 128400000 USD

    -36900000 USD · 2024-06-02 – 2025-05-31

    Inspect prior input Prior source

    91500000 USD · 2025-06-01 – 2026-05-30

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  • Operating cash flow

    -4.5%

    Prior period

    USD 209.3 million

    –

    Current period

    USD 199.9 million

    –

    Exact inputs and evidence

    199900000 − 209300000 = -9400000 USD

    209300000 USD · 2024-06-02 – 2025-05-31

    Inspect prior input Prior source

    199900000 USD · 2025-06-01 – 2026-05-30

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  • Capital expenditure

    +13.7%

    Prior period

    USD 107.6 million

    –

    Current period

    USD 122.3 million

    –

    Exact inputs and evidence

    122300000 − 107600000 = 14700000 USD

    107600000 USD · 2024-06-02 – 2025-05-31

    Inspect prior input Prior source

    122300000 USD · 2025-06-01 – 2026-05-30

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2026 2025-06-01 – 2026-05-30

  • Revenue USD 3.84 billion 100% of revenue
  • Cost of revenue USD 2.35 billion 61% of revenue
  • Operating expenses USD 1.29 billion 34% of revenue
  • Operating income USD 198.3 million 5.2% of revenue
  • Tax, interest and other Derived USD 106.8 million 2.8% of revenue
  • Net income USD 91.5 million 2.4% of revenue

Cash

  • Operating cash flow USD 199.9 million 5.2% of revenue
  • Capital expenditure USD 122.3 million 3.2% of revenue
  • Free cash flow Derived USD 77.6 million 2% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2017 92%
  • 2018 92%
  • 2019 92%
  • 2020 Operating loss: operating costs were 102% of revenue.
  • 2021 91%
  • 2022 Net loss: net income was −0.7% of revenue.
  • 2023 97%
  • 2024 95%
  • 2025 Net loss: net income was −1% of revenue.
  • 2026 95%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2017 2016-05-29 – 2017-06-032278200000 2087100000 Derived 191100000 67200000 Derived 123900000 114800000 Derived
Source
2018 2017-06-04 – 2018-06-022381200000 2202300000 Derived 178900000 50800000 Derived 128100000 95900000 Derived
Source
2019 2018-06-03 – 2019-06-012567200000 2363700000 Derived 203500000 43000000 Derived 160500000 130600000 Derived
Source
2020 2019-06-02 – 2020-05-302486600000 2524500000 Derived -37900000 -29200000 Derived -8700000 152800000 Derived
Source
2021 2020-05-31 – 2021-05-292465100000 2232600000 Derived 232500000 57900000 Derived 174600000 272500000 Derived
Source
2022 2021-05-30 – 2022-05-283946000000 3906200000 Derived 39800000 66900000 Derived -27100000 -106600000 Derived
Source
2023 2022-05-29 – 2023-06-034087100000 3964800000 Derived 122300000 80200000 Derived 42100000 79600000 Derived
Source
2024 2023-06-04 – 2024-06-013628400000 3461200000 Derived 167200000 84900000 Derived 82300000 273900000 Derived
Source
2025 2024-06-02 – 2025-05-313669900000 3619400000 Derived 50500000 87400000 Derived -36900000 101700000 Derived
Source
2026 2025-06-01 – 2026-05-303841700000 3643400000 Derived 198300000 106800000 Derived 91500000 77600000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 3.8B 2026
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4.4B3.3B2.2B1.1B0.0201720222026
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Revenue2278200000
2018Revenue2381200000
2019Revenue2567200000
2020Revenue2486600000
2021Revenue2465100000
2022Revenue3946000000
2023Revenue4087100000
2024Revenue3628400000
2025Revenue3669900000
2026Revenue3841700000

Revenue growth

Change in revenue from the same financial period one year earlier.

4.7% 2026
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.66%45%24%4%-17%201720222026
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2017Year over yearNo prior comparable period
2018Year over year4.5%
2019Year over year7.8%
2020Year over year-3.1%
2021Year over year-0.9%
2022Year over year60.1%
2023Year over year3.6%
2024Year over year-11.2%
2025Year over year1.1%
2026Year over year4.7%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 5.2% 2026
Net margin 2.4% 2026
Free cash flow margin 2% 2026
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.12.2%8.2%4.2%0.2%-3.8%201720222026
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2017Operating margin8.4%
2018Operating margin7.5%
2019Operating margin7.9%
2020Operating margin-1.5%
2021Operating margin9.4%
2022Operating margin1%
2023Operating margin3%
2024Operating margin4.6%
2025Operating margin1.4%
2026Operating margin5.2%
2017Net margin5.4%
2018Net margin5.4%
2019Net margin6.3%
2020Net margin-0.3%
2021Net margin7.1%
2022Net margin-0.7%
2023Net margin1%
2024Net margin2.3%
2025Net margin-1%
2026Net margin2.4%
2017Free cash flow margin5%
2018Free cash flow margin4%
2019Free cash flow margin5.1%
2020Free cash flow margin6.1%
2021Free cash flow margin11.1%
2022Free cash flow margin-2.7%
2023Free cash flow margin1.9%
2024Free cash flow margin7.5%
2025Free cash flow margin2.8%
2026Free cash flow margin2%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 199.9M 2026
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.381.4M275.8M170.2M64.6M-41.0M201720222026
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Operating cash flow202100000
2018Operating cash flow166500000
2019Operating cash flow216400000
2020Operating cash flow221800000
2021Operating cash flow332300000
2022Operating cash flow-11900000
2023Operating cash flow162900000
2024Operating cash flow352300000
2025Operating cash flow209300000
2026Operating cash flow199900000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 77.6M 2026
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.304.3M194.0M83.7M-26.7M-137.0M201720222026
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Free cash flow114800000
2018Free cash flow95900000
2019Free cash flow130600000
2020Free cash flow152800000
2021Free cash flow272500000
2022Free cash flow-106600000
2023Free cash flow79600000
2024Free cash flow273900000
2025Free cash flow101700000
2026Free cash flow77600000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

64.9% 2026
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.72%54%36%18%0%201720222026
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2017Liabilities / assets53.1%
2018Liabilities / assets53%
2019Liabilities / assets52.9%
2020Liabilities / assets66.2%
2021Liabilities / assets54.9%
2022Liabilities / assets66%
2023Liabilities / assets64%
2024Liabilities / assets63.9%
2025Liabilities / assets66.2%
2026Liabilities / assets64.9%

Current assets to current liabilities

Current assets divided by current liabilities.

1.58× 2026
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.11×1.58×1.05×0.53×0.00×201720222026
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2017Current assets / current liabilities1.28×
2018Current assets / current liabilities1.56×
2019Current assets / current liabilities1.48×
2020Current assets / current liabilities1.95×
2021Current assets / current liabilities1.9×
2022Current assets / current liabilities1.5×
2023Current assets / current liabilities1.67×
2024Current assets / current liabilities1.53×
2025Current assets / current liabilities1.58×
2026Current assets / current liabilities1.58×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2017 2016-05-29 – 2017-06-03
USD 123.9 million
Exact value

Exact value: 123900000 USD

2016-05-29 – 2017-06-03: 123900000 USD Inspect Net Income Open source
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USD 202.1 million
Exact value

Exact value: 202100000 USD

2016-05-29 – 2017-06-03: 202100000 USD Inspect Operating Cash Flow Open source
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USD 87.3 million
Exact value

Exact value: 87300000 USD

2016-05-29 – 2017-06-03: 87300000 USD Inspect Capital Expenditure Open source
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USD 114.8 million
Calculation and evidence

202100000 − 87300000 USD

Exact free cash flow: 114800000 USD

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2018 2017-06-04 – 2018-06-02
USD 128.1 million
Exact value

Exact value: 128100000 USD

2017-06-04 – 2018-06-02: 128100000 USD Inspect Net Income Open source
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USD 166.5 million
Exact value

Exact value: 166500000 USD

2017-06-04 – 2018-06-02: 166500000 USD Inspect Operating Cash Flow Open source
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USD 70.6 million
Exact value

Exact value: 70600000 USD

2017-06-04 – 2018-06-02: 70600000 USD Inspect Capital Expenditure Open source
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USD 95.9 million
Calculation and evidence

166500000 − 70600000 USD

Exact free cash flow: 95900000 USD

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2019 2018-06-03 – 2019-06-01
USD 160.5 million
Exact value

Exact value: 160500000 USD

2018-06-03 – 2019-06-01: 160500000 USD Inspect Net Income Open source
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USD 216.4 million
Exact value

Exact value: 216400000 USD

2018-06-03 – 2019-06-01: 216400000 USD Inspect Operating Cash Flow Open source
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USD 85.8 million
Exact value

Exact value: 85800000 USD

2018-06-03 – 2019-06-01: 85800000 USD Inspect Capital Expenditure Open source
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USD 130.6 million
Calculation and evidence

216400000 − 85800000 USD

Exact free cash flow: 130600000 USD

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2020 2019-06-02 – 2020-05-30
−USD 8.7 million
Exact value

Exact value: -8700000 USD

2019-06-02 – 2020-05-30: -8700000 USD Inspect Net Income Open source
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USD 221.8 million
Exact value

Exact value: 221800000 USD

2019-06-02 – 2020-05-30: 221800000 USD Inspect Operating Cash Flow Open source
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USD 69 million
Exact value

Exact value: 69000000 USD

2019-06-02 – 2020-05-30: 69000000 USD Inspect Capital Expenditure Open source
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USD 152.8 million
Calculation and evidence

221800000 − 69000000 USD

Exact free cash flow: 152800000 USD

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2021 2020-05-31 – 2021-05-29
USD 174.6 million
Exact value

Exact value: 174600000 USD

2020-05-31 – 2021-05-29: 174600000 USD Inspect Net Income Open source
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USD 332.3 million
Exact value

Exact value: 332300000 USD

2020-05-31 – 2021-05-29: 332300000 USD Inspect Operating Cash Flow Open source
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USD 59.8 million
Exact value

Exact value: 59800000 USD

2020-05-31 – 2021-05-29: 59800000 USD Inspect Capital Expenditure Open source
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USD 272.5 million
Calculation and evidence

332300000 − 59800000 USD

Exact free cash flow: 272500000 USD

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2022 2021-05-30 – 2022-05-28
−USD 27.1 million
Exact value

Exact value: -27100000 USD

2021-05-30 – 2022-05-28: -27100000 USD Inspect Net Income Open source
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−USD 11.9 million
Exact value

Exact value: -11900000 USD

2021-05-30 – 2022-05-28: -11900000 USD Inspect Operating Cash Flow Open source
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USD 94.7 million
Exact value

Exact value: 94700000 USD

2021-05-30 – 2022-05-28: 94700000 USD Inspect Capital Expenditure Open source
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−USD 106.6 million
Calculation and evidence

-11900000 − 94700000 USD

Exact free cash flow: -106600000 USD

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2023 2022-05-29 – 2023-06-03
USD 42.1 million
Exact value

Exact value: 42100000 USD

2022-05-29 – 2023-06-03: 42100000 USD Inspect Net Income Open source
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USD 162.9 million
Exact value

Exact value: 162900000 USD

2022-05-29 – 2023-06-03: 162900000 USD Inspect Operating Cash Flow Open source
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USD 83.3 million
Exact value

Exact value: 83300000 USD

2022-05-29 – 2023-06-03: 83300000 USD Inspect Capital Expenditure Open source
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USD 79.6 million
Calculation and evidence

162900000 − 83300000 USD

Exact free cash flow: 79600000 USD

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2024 2023-06-04 – 2024-06-01
USD 82.3 million
Exact value

Exact value: 82300000 USD

2023-06-04 – 2024-06-01: 82300000 USD Inspect Net Income Open source
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USD 352.3 million
Exact value

Exact value: 352300000 USD

2023-06-04 – 2024-06-01: 352300000 USD Inspect Operating Cash Flow Open source
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USD 78.4 million
Exact value

Exact value: 78400000 USD

2023-06-04 – 2024-06-01: 78400000 USD Inspect Capital Expenditure Open source
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USD 273.9 million
Calculation and evidence

352300000 − 78400000 USD

Exact free cash flow: 273900000 USD

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2025 2024-06-02 – 2025-05-31
−USD 36.9 million
Exact value

Exact value: -36900000 USD

2024-06-02 – 2025-05-31: -36900000 USD Inspect Net Income Open source
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USD 209.3 million
Exact value

Exact value: 209300000 USD

2024-06-02 – 2025-05-31: 209300000 USD Inspect Operating Cash Flow Open source
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USD 107.6 million
Exact value

Exact value: 107600000 USD

2024-06-02 – 2025-05-31: 107600000 USD Inspect Capital Expenditure Open source
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USD 101.7 million
Calculation and evidence

209300000 − 107600000 USD

Exact free cash flow: 101700000 USD

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2026 2025-06-01 – 2026-05-30
USD 91.5 million
Exact value

Exact value: 91500000 USD

2025-06-01 – 2026-05-30: 91500000 USD Inspect Net Income Open source
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USD 199.9 million
Exact value

Exact value: 199900000 USD

2025-06-01 – 2026-05-30: 199900000 USD Inspect Operating Cash Flow Open source
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USD 122.3 million
Exact value

Exact value: 122300000 USD

2025-06-01 – 2026-05-30: 122300000 USD Inspect Capital Expenditure Open source
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USD 77.6 million
Calculation and evidence

199900000 − 122300000 USD

Exact free cash flow: 77600000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

227 filings · 13,199 latest values · 13,204 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000066382, 66382, MLHR, MLKN, edgar:66382

Also known as HERMAN MILLER INC, HERMAN MILLER, INC, HERMAN MILLER, INC., MILLER HERMAN INC, MILLERKNOLL, INC., Miller Herman Inc., MillerKnoll, Inc.