ODP vs MLKN

For growth investors, MillerKnoll, Inc.

(MLKN) is the stronger pick with 1. 1% revenue growth year-over-year, versus -10. 6% for The ODP Corporation (ODP). Analysts rate The ODP Corporation (ODP) a "Buy" — based on 4 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.

Over the past 5 years, The ODP Corporation (ODP) delivered a total return of -36.

9%, compared to -53. 9% for MillerKnoll, Inc. (MLKN). Over 10 years, the gap is even starker: MLKN returned -23. 2% versus ODP's -49. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), The ODP Corporation (ODP) is the lower-risk stock at 1.

53β versus MillerKnoll, Inc. 's 1. 69β — meaning MLKN is approximately 10% more volatile than ODP relative to the S&P 500. On balance sheet safety, The ODP Corporation (ODP) carries a lower debt/equity ratio of 131% versus 136% for MillerKnoll, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), MillerKnoll, Inc.

(MLKN) is pulling ahead at 1. 1% versus -10. 6% for The ODP Corporation (ODP). On earnings-per-share growth, the picture is similar: The ODP Corporation grew EPS -102. 5% year-over-year, compared to -147. 7% for MillerKnoll, Inc.. Over a 3-year CAGR, MLKN leads at -2. 4% 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.

The ODP Corporation (ODP) is the more profitable company, earning -0.

0% net margin versus -1. 0% for MillerKnoll, Inc. — meaning it keeps -0. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ODP leads at 2. 3% 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.

On forward earnings alone, MillerKnoll, Inc.

(MLKN) trades at 9. 0x forward P/E versus 9. 9x for The ODP Corporation — 0. 9x cheaper on a one-year earnings basis.

In this comparison, MLKN (4.

6% yield) pays a dividend. ODP does not pay a meaningful dividend and should not be held primarily for income.

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). The ODP Corporation (ODP) carries a higher beta of 1. 53 — 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. 2%, ODP: -49. 3%), 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.

Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: ODP is a small-cap quality compounder stock; MLKN is a small-cap income-oriented stock. MLKN pays a dividend while ODP does not, making them suitable for different income and tax situations. 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.