MillerKnoll shares have fallen 10.4% over the past six months to $15.72, underperforming the S&P 500's 12.4% gain, as the company faces slowing revenue growth, declining earnings per share, and weak free cash flow margins. Annualized revenue growth over the last two years was just 1.4%, well below its five-year trend, while EPS declined 7.9% annually over five years despite revenue growing 10.4%. The company's free cash flow margin averaged 2.4% over the past five years, limiting reinvestment potential. The stock now trades at 8 times forward price-to-earnings, which appears optically cheap but carries downside risk given shaky fundamentals.
MillerKnoll IncSlowing revenue growth, declining EPS, and weak free cash flow margins indicate deteriorating financial performance.