MLKN
MillerKnoll, Inc.
Furnishings, Fixtures & Appliances
Market Cap$1.11B
5Y Perf.-29.1%
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Stock Comparison
MLKN vs SCS
Revenue, margins, valuation, and 5-year total return — side by side.
SCS
Steelcase Inc.
Business Equipment & Supplies
Market Cap$1.85B
5Y Perf.+40.7%
MLKN vs SCS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | MLKN | SCS |
|---|---|---|
| Industry | Furnishings, Fixtures & Appliances | Business Equipment & Supplies |
| Market Cap | $1.11B | $1.85B |
| Revenue (TTM) | $3.75B | $3.26B |
| Net Income (TTM) | $-25M | $95M |
| Gross Margin | 38.7% | 33.5% |
| Operating Margin | 2.0% | 4.0% |
| Forward P/E | 9.0x | 14.1x |
| Total Debt | $1.81B | $601M |
| Cash & Equiv. | $194M | $346M |
MLKN vs SCS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
MLKN
SCS
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| MillerKnoll, Inc. (MLKN) | 100 | 70.9 | -29.1% |
| Steelcase Inc. (SCS) | 100 | 140.7 | +40.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MLKN vs SCS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: MLKN leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Steelcase Inc. is the stronger pick specifically for profitability and margin quality and recent price momentum and sentiment. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
MLKN
MillerKnoll, Inc.
The Income Pick
MLKN carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 0 yrs, beta 1.66, yield 4.6%
- Rev growth 1.1%, EPS growth -147.7%, 3Y rev CAGR -2.4%
- Lower volatility, beta 1.66, current ratio 1.58x
Best for: income & stability and growth exposure
SCS
Steelcase Inc.
The Long-Run Compounder
SCS is the clearest fit if your priority is long-term compounding.
- 38.1% 10Y total return vs MLKN's -23.4%
- 2.9% margin vs MLKN's -0.7%
- +55.9% vs MLKN's +2.0%
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | MLKN | 1.1% revenue growth vs SCS's 0.2% |
| Value | MLKN | Lower P/E (9.0x vs 14.1x) |
| Quality / Margins | SCS | 2.9% margin vs MLKN's -0.7% |
| Stability / Safety | MLKN | Beta 1.66 vs SCS's 2.02 |
| Dividends | MLKN | 4.6% yield, vs SCS's 2.6% |
| Momentum (1Y) | SCS | +55.9% vs MLKN's +2.0% |
| Efficiency (ROA) | SCS | 4.1% ROA vs MLKN's -0.6%, ROIC 9.9% vs 1.3% |
MLKN vs SCS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2021
MLKN vs SCS — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLSCSLAGGINGMLKN
MLKNMillerKnoll, Inc.
2leads
SCSSteelcase Inc.
3leads
6 Total Categories
CATEGORYLEADERvs MLKNMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
SCS4/6
Valuation MetricsMultiples, price ratios, and targets
MLKN5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
SCS9/9
Total Returns1Y, 3Y, 5Y total returns with dividends
SCS5/5
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
MLKN1/1
Income & Cash Flow (Last 12 Months)
SCS leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MLKN and SCS operate at a comparable scale, with $3.7B and $3.3B in trailing revenue. Profitability is closely matched — net margins range from 2.9% (SCS) to -0.7% (MLKN). On growth, SCS holds the edge at +4.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | MLKNMillerKnoll, Inc. | SCSSteelcase Inc. |
|---|---|---|
| RevenueTrailing 12 months | $3.7B | $3.3B |
| EBITDAEarnings before interest/tax | $145M | $207M |
| Net IncomeAfter-tax profit | -$25M | $95M |
| Free Cash FlowCash after capex | $70M | -$37M |
| Gross MarginGross profit ÷ Revenue | +38.7% | +33.5% |
| Operating MarginEBIT ÷ Revenue | +2.0% | +4.0% |
| Net MarginNet income ÷ Revenue | -0.7% | +2.9% |
| FCF MarginFCF ÷ Revenue | +1.9% | -1.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | -1.6% | +4.8% |
| EPS Growth (YoY)Latest quarter vs prior year | -75.5% | -43.1% |
SCS leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
MLKN leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, SCS's 8.8x EV/EBITDA is more attractive than MLKN's 14.3x.
| Metric | MLKNMillerKnoll, Inc. | SCSSteelcase Inc. |
|---|---|---|
| Market CapShares × price | $1.1B | $1.9B |
| Enterprise ValueMkt cap + debt − cash | $2.7B | $2.1B |
| Trailing P/EPrice ÷ TTM EPS | -30.79x | 15.82x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.95x | 14.12x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 14.27x | 8.82x |
| Price / SalesMarket cap ÷ Revenue | 0.30x | 0.59x |
| Price / BookPrice ÷ Book value/share | 0.84x | 1.95x |
| Price / FCFMarket cap ÷ FCF | 10.88x | 18.28x |
MLKN leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
SCS leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
SCS delivers a 9.4% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $-2 for MLKN. SCS carries lower financial leverage with a 0.63x debt-to-equity ratio, signaling a more conservative balance sheet compared to MLKN's 1.36x. On the Piotroski fundamental quality scale (0–9), SCS scores 6/9 vs MLKN's 5/9, reflecting solid financial health.
| Metric | MLKNMillerKnoll, Inc. | SCSSteelcase Inc. |
|---|---|---|
| ROE (TTM)Return on equity | -1.8% | +9.4% |
| ROA (TTM)Return on assets | -0.6% | +4.1% |
| ROICReturn on invested capital | +1.3% | +9.9% |
| ROCEReturn on capital employed | +1.5% | +9.6% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 1.36x | 0.63x |
| Net DebtTotal debt minus cash | $1.6B | $254M |
| Cash & Equiv.Liquid assets | $194M | $346M |
| Total DebtShort + long-term debt | $1.8B | $601M |
| Interest CoverageEBIT ÷ Interest expense | 0.66x | 5.09x |
SCS leads this category, winning 9 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
SCS leads this category, winning 5 of 5 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SCS five years ago would be worth $12,408 today (with dividends reinvested), compared to $4,441 for MLKN. Over the past 12 months, SCS leads with a +55.9% total return vs MLKN's +2.0%. The 3-year compound annual growth rate (CAGR) favors SCS at 30.0% vs MLKN's 3.5% — a key indicator of consistent wealth creation.
| Metric | MLKNMillerKnoll, Inc. | SCSSteelcase Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -9.6% | — |
| 1-Year ReturnPast 12 months | +2.0% | +55.9% |
| 3-Year ReturnCumulative with dividends | +10.7% | +119.7% |
| 5-Year ReturnCumulative with dividends | -55.6% | +24.1% |
| 10-Year ReturnCumulative with dividends | -23.4% | +38.1% |
| CAGR (3Y)Annualised 3-year return | +3.5% | +30.0% |
SCS leads this category, winning 5 of 5 comparable metrics.
Risk & Volatility
Evenly matched — MLKN and SCS each lead in 1 of 2 comparable metrics.
Risk & Volatility
MLKN is the less volatile stock with a 1.66 beta — it tends to amplify market swings less than SCS's 2.02 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SCS currently trades 92.8% from its 52-week high vs MLKN's 70.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | MLKNMillerKnoll, Inc. | SCSSteelcase Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.66x | 2.02x |
| 52-Week HighHighest price in past year | $23.18 | $17.40 |
| 52-Week LowLowest price in past year | $13.77 | $9.70 |
| % of 52W HighCurrent price vs 52-week peak | +70.4% | +92.8% |
| RSI (14)Momentum oscillator 0–100 | 48.1 | 50.2 |
| Avg Volume (50D)Average daily shares traded | 846K | 1.8M |
Evenly matched — MLKN and SCS each lead in 1 of 2 comparable metrics.
Analyst Outlook
MLKN leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates MLKN as "Hold" and SCS as "Hold". For income investors, MLKN offers the higher dividend yield at 4.59% vs SCS's 2.56%.
| Metric | MLKNMillerKnoll, Inc. | SCSSteelcase Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | — | — |
| # AnalystsCovering analysts | 6 | 4 |
| Dividend YieldAnnual dividend ÷ price | +4.6% | +2.6% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.75 | $0.41 |
| Buyback YieldShare repurchases ÷ mkt cap | +7.7% | +2.0% |
MLKN leads this category, winning 1 of 1 comparable metric.
Key Takeaway
SCS leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MLKN leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
Best OverallSteelcase Inc. (SCS)Leads 3 of 6 categories
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MLKN vs SCS: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is MLKN or SCS a better buy right now?
For growth investors, MillerKnoll, Inc.
(MLKN) is the stronger pick with 1. 1% revenue growth year-over-year, versus 0. 2% for Steelcase Inc. (SCS). Steelcase Inc. (SCS) offers the better valuation at 15. 8x trailing P/E (14. 1x forward), making it the more compelling value choice. Analysts rate MillerKnoll, Inc. (MLKN) a "Hold" — based on 6 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — MLKN or SCS?
On forward P/E, MillerKnoll, Inc.
is actually cheaper at 9. 0x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — MLKN or SCS?
Over the past 5 years, Steelcase Inc.
(SCS) delivered a total return of +24. 1%, compared to -55. 6% for MillerKnoll, Inc. (MLKN). Over 10 years, the gap is even starker: SCS returned +38. 1% versus MLKN's -23. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MLKN or SCS?
By beta (market sensitivity over 5 years), MillerKnoll, Inc.
(MLKN) is the lower-risk stock at 1. 66β versus Steelcase Inc. 's 2. 02β — meaning SCS is approximately 21% more volatile than MLKN relative to the S&P 500. On balance sheet safety, Steelcase Inc. (SCS) carries a lower debt/equity ratio of 63% versus 136% for MillerKnoll, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — MLKN or SCS?
By revenue growth (latest reported year), MillerKnoll, Inc.
(MLKN) is pulling ahead at 1. 1% versus 0. 2% for Steelcase Inc. (SCS). On earnings-per-share growth, the picture is similar: Steelcase Inc. grew EPS 50. 0% year-over-year, compared to -147. 7% for MillerKnoll, Inc.. Over a 3-year CAGR, SCS leads at 4. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — MLKN or SCS?
Steelcase Inc.
(SCS) is the more profitable company, earning 3. 8% net margin versus -1. 0% for MillerKnoll, Inc. — meaning it keeps 3. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SCS leads at 5. 0% versus 1. 4% for MLKN. At the gross margin level — before operating expenses — MLKN leads at 38. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is MLKN or SCS more undervalued right now?
On forward earnings alone, MillerKnoll, Inc.
(MLKN) trades at 9. 0x forward P/E versus 14. 1x for Steelcase Inc. — 5. 2x cheaper on a one-year earnings basis.
08Which pays a better dividend — MLKN or SCS?
All stocks in this comparison pay dividends.
MillerKnoll, Inc. (MLKN) offers the highest yield at 4. 6%, versus 2. 6% for Steelcase Inc. (SCS).
09Is MLKN or SCS better for a retirement portfolio?
For long-horizon retirement investors, MillerKnoll, Inc.
(MLKN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (4. 6% yield). Steelcase Inc. (SCS) carries a higher beta of 2. 02 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MLKN: -23. 4%, SCS: +38. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between MLKN and SCS?
These companies operate in different sectors (MLKN (Consumer Cyclical) and SCS (Industrials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: MLKN is a small-cap income-oriented stock; SCS is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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