MARKETS / NYSE / MLR

NYSE · TRUCK & BUS BODIES · MID CAP

Miller Industries Inc. MLR

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$790.3M

▼ 37.2% YoY

Net income

$23.0M

▼ 63.8% YoY

Free cash flow

$85.0M

▲ 5500.3% YoY

In brief

What this company does

Miller Industries, Inc. manufactures and markets car carriers, wreckers and trailers under 11 separate brand names. It designs and manufactures the bodies of its car carriers and wreckers, which are installed on chassis manufactured by third parties and sold to customers. Its wreckers range in capacity from 4 to 100 tons and are classified as light-duty or heavy-duty, with those of 16-ton capacity or greater classified as heavy-duty. Its products are sold primarily through a network of distributors serving all 50 states, Canada, Mexico and other foreign markets, and through prime contractors to governmental entities. Miller Industries, Inc. maintains executive offices in Ooltewah, Tennessee, domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France, the United Kingdom and Italy. As of December 31, 2025, it employed approximately 1,535 employees globally, of which 99.5% were full-time. Miller Industries was founded in 1990.

Written from the business description in MILLER INDUSTRIES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 4 March 2026. Every sentence was checked against that document before publication.

Growth

USD 790.3M

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 0.8 · Net income 0.0

Compound annual growth

Revenue

−2.3%

+3.9%

+6.5%

Net income

+4.2%

−5.1%

+3.7%

+4.6%

EPS, diluted

+3.6%

−5.4%

+3.5%

Dividend / share

+3.6%

+2.1%

+2.3%

Returned to shareholders

+22.6%

+13.0%

+7.6%

+18.7%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +3.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

3 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 4.0% · Net 2.9%

ROE

FY2019 · ROE 17.2%

Gross margin15.2%

Operating margin4.0%

Net margin2.9%

Return on assets3.7%

EBITDAUSD 46.2M

Cash & shareholders

USD 15.1M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 85.0

Net buybacks $M Dividends $M

FY2025 · Dividends 9.2 · Net buybacks 6.0

Dividends paidUSD 9.2M

Net buybacksUSD 6.0M

Share of profit65.8%

Consecutive raises2 years

USD 9.2M in dividends and USD 6.0M in buybacks — 66% of the year's profit went back to shareholders.

Total assetsUSD 589.7M

CashUSD 44.7M

Gross debtUSD 33.3M

Net debtUSD -11.4M

Current ratio3.22×

Not available: we don't have the shareholders' equity figure for this period.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	0.8	1.3	1.2	0.8	0.7	0.7	0.8	0.7	0.6	0.6	0.5	0.5	0.4	0.3	0.4	0.3	0.2
Operating income $B	0.0	0.1	0.1	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	·
EBITDA $B	0.0	0.1	0.1	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	·
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	0.1	0.0	−0.0	−0.0	0.0	0.0	0.0	0.0	−0.0	−0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0
EPS, diluted $	1.98	5.47	5.07	1.78	1.42	2.62	3.43	2.96	2.02	1.75	1.41	1.31	0.82	0.82	1.92	0.96	0.51
Dividend / sh $	0.80	0.76	0.72	0.72	0.72	0.72	0.72	0.72	0.72	0.68	0.64	0.60	0.56	0.52	0.48	0.10	0.00
Payout %	40	14	14	40	51	28	21	24	36	39	45	45	68	63	24	10	·
ROE %	·	·	·	·	·	·	17.2	15.7	11.9	11.1	9.3	9.0	5.8	5.9	15.2	8.0	4.3
Shares out B	0.01	0.01	·	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 81 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityTruck & Bus Bodies

Listed onNYSE

Incorporated inTennessee

Fiscal year endsDecember 31

Data on record since2009