📊 MLR Key Takeaways
Is Miller Industries Inc. /Tn/ (MLR) a Good Investment?
Miller Industries demonstrates solid financial health with strong liquidity (3.22x current ratio), minimal leverage (0.07x debt-to-equity), and excellent cash generation (85.0M free cash flow). However, the company faces significant headwinds with a severe 37.2% YoY revenue decline and 63.8% YoY net income contraction, suggesting cyclical industry weakness that outweighs operational stability.
Fundamentals show a sharp cyclical reset with revenue and earnings down materially, compressing margins and returns. However, the balance sheet is very strong with minimal leverage and ample liquidity, and cash generation is robust—likely aided by working-capital release—providing flexibility to navigate the downturn. Near-term upside depends on demand stabilization and margin recovery; absent that, results may remain subdued.
Why Buy Miller Industries Inc. /Tn/ Stock? MLR Key Strengths
- Exceptional liquidity position with 3.22x current ratio and 1.87x quick ratio, providing substantial operational flexibility
- Outstanding free cash flow generation of 85.0M (10.8% FCF margin) despite revenue pressures, indicating quality earnings
- Conservative capital structure with minimal leverage (0.07x debt-to-equity) and strong interest coverage (47.7x), reducing financial distress risk
- Substantial cash reserves of 44.7M supporting strategic optionality during industry downturn
- Low leverage and strong liquidity (D/E 0.07x, current ratio 3.22x)
- High interest coverage (47.7x) and positive profitability
- Solid free cash flow with modest capex (FCF margin 10.8%)
MLR Stock Risks: Miller Industries Inc. /Tn/ Investment Risks
- Severe 37.2% YoY revenue collapse indicates structural demand weakness in truck bodies/commercial vehicle sector, suggesting more than typical cyclicality
- Net income down 63.8% YoY with operating margin compressed to 4.0%, demonstrating inability to maintain profitability amid revenue pressure
- Historically low net margin of 2.9% leaves minimal cushion for further industry deterioration or cost pressures
- Heavy insider activity (18 Form 4 filings in 90 days) warrants monitoring for potential negative signaling regarding company outlook
- Severe YoY revenue and EPS decline signals weak demand or backlog normalization
- FCF buoyed by working-capital release; sustainability uncertain
- Thin operating margin (4%) and low ROE (5.5%) limit shock absorption
Key Metrics to Watch
- Sequential revenue trend and order backlog recovery indicators suggesting industry recovery
- Operating margin expansion/stabilization as operational leverage should improve with volume recovery
- Free cash flow sustainability and working capital management during continued revenue headwinds
- Gross margin stabilization as pricing power and manufacturing efficiency become critical
- Gross margin trend
- OCF-to-net income (working-capital effects)
Miller Industries Inc. /Tn/ (MLR) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 3.22x current ratio provides a solid financial cushion.
MLR Profit Margin, ROE & Profitability Analysis
MLR vs Automotive Sector: How Miller Industries Inc. /Tn/ Compares
How Miller Industries Inc. /Tn/ compares to Automotive sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Miller Industries Inc. /Tn/ Stock Overvalued? MLR Valuation Analysis 2026
Based on fundamental analysis, Miller Industries Inc. /Tn/ has mixed fundamental signals relative to the Automotive sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Miller Industries Inc. /Tn/ Balance Sheet: MLR Debt, Cash & Liquidity
MLR Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Miller Industries Inc. /Tn/'s revenue has grown significantly by 54% over the 5-year period, indicating strong business expansion. The most recent EPS of $5.07 reflects profitable operations.
MLR Revenue Growth, EPS Growth & YoY Performance
MLR Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $178.7M | $3.1M | $0.27 |
| Q2 2025 | $214.0M | $8.1M | $0.73 |
| Q1 2025 | $225.7M | $8.1M | $0.69 |
| Q3 2024 | $274.6M | $9.2M | $1.33 |
| Q2 2024 | $300.3M | $9.2M | $1.29 |
| Q1 2024 | $282.3M | $9.2M | $0.81 |
| Q3 2023 | $205.6M | $2.1M | $0.46 |
| Q2 2023 | $201.5M | $2.1M | $0.33 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Miller Industries Inc. /Tn/ Dividends, Buybacks & Capital Allocation
MLR SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Miller Industries Inc. /Tn/ (CIK: 0000924822)
📋 Recent SEC Filings
❓ Frequently Asked Questions about MLR
What is the AI rating for MLR?
Miller Industries Inc. /Tn/ (MLR) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 68% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are MLR's key strengths?
Claude: Exceptional liquidity position with 3.22x current ratio and 1.87x quick ratio, providing substantial operational flexibility. Outstanding free cash flow generation of 85.0M (10.8% FCF margin) despite revenue pressures, indicating quality earnings. ChatGPT: Low leverage and strong liquidity (D/E 0.07x, current ratio 3.22x). High interest coverage (47.7x) and positive profitability.
What are the risks of investing in MLR?
Claude: Severe 37.2% YoY revenue collapse indicates structural demand weakness in truck bodies/commercial vehicle sector, suggesting more than typical cyclicality. Net income down 63.8% YoY with operating margin compressed to 4.0%, demonstrating inability to maintain profitability amid revenue pressure. ChatGPT: Severe YoY revenue and EPS decline signals weak demand or backlog normalization. FCF buoyed by working-capital release; sustainability uncertain.
What is MLR's revenue and growth?
Miller Industries Inc. /Tn/ reported revenue of $790.3M.
Does MLR pay dividends?
Miller Industries Inc. /Tn/ pays dividends, with $9.2M distributed to shareholders in the trailing twelve months.
Where can I find MLR SEC filings?
Official SEC filings for Miller Industries Inc. /Tn/ (CIK: 0000924822) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is MLR's EPS?
Miller Industries Inc. /Tn/ has a diluted EPS of $1.98.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is MLR a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Miller Industries Inc. /Tn/ has a HOLD rating with 68% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is MLR stock overvalued or undervalued?
Valuation metrics for MLR: ROE of 5.5% (sector avg: 12%), net margin of 2.9% (sector avg: 6%). Compare these metrics with sector averages to assess valuation.
Should I buy MLR stock in 2026?
Our dual AI analysis gives Miller Industries Inc. /Tn/ a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is MLR's free cash flow?
Miller Industries Inc. /Tn/'s operating cash flow is $98.7M, with capital expenditures of $13.7M. FCF margin is 10.8%.
How does MLR compare to other Automotive stocks?
Vs Automotive sector averages: Net margin 2.9% (avg: 6%), ROE 5.5% (avg: 12%), current ratio 3.22 (avg: 1.2).