Miller Industries, Inc.

MLRNYSEConsumer Cyclical● Active

$49.08

+$1.60(+3.37%)

Market Cap$559300956

P/E Ratio—

52W High$49.89

52W Low$33.81

Avg Volume94K

Open$48.02

Beta1.13

Free Cash Flow Financials Revenue

Miller Industries, Inc. (MLR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MLR · free cash flow · updated Jun 8, 2026

Core FCF metrics

MLR · FCF · TTM · margin & CAGR

Free cash flow was $85.0M for FY2025 (fiscal year ending 2025-12-31), up 5500.3% year-over-year The FCF margin was 10.8%. Five-year CAGR stands at +14.5%.

FY2025 Free Cash Flow$85.0M▲ +5500.3% YoY

Trailing 12M (TTM)$110.3Mtrailing 4 quarters sum

FCF Margin10.8%$85.0M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR+14.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MLR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$98.7M(14M)$85.0M▲ +5500.3%10.8%

FY2024$16.9M(15M)$1.5M▲ +233.9%0.1%

FY2023$11.0M(12M)−$1.1M▲ +97.6%-0.1%

FY2022−$19.2M(29M)−$48.1M▼ 886.1%-5.7%

FY2021$15.3M(9M)$6.1M▼ 85.8%0.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MLR · P/FCF · FCF yield · FCF per share

Miller Industries, Inc. (MLR) trades at a FCF yield of 19.67% and a price-to-free-cash-flow ratio of 5.1x. FCF per share stands at $9.63, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

19.67%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$9.63

TTM FCF ÷ Shares Outstanding

Price / FCF

x5.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x4.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

MLR · cash flow statement · operating / investing / financing

For FY2025, Miller Industries, Inc. generated $98.7M in operating cash flow and spent 14M in capital expenditures, yielding $85.0M in free cash flow.

Operating Activities

+$98.7M

Cash from core business operations

2025-12-31

Investing Activities

−$30.8M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$50.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($98.7M) − |CapEx| (14M) = FCF ($85.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

MLR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Miller Industries, Inc.YOU

MLR

$85.0M+5500.3%10.8%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Miller Industries, Inc. (MLR) reported free cash flow of $85.0M for FY2025 (fiscal year ending 2025-12-31), up 5500.3% year-over-year. The FCF margin was 10.8%.

Based on available data, Miller Industries, Inc. has maintained positive free cash flow for at least 10 fiscal year(s). FCF peaked at $85.0M in FY2025. The 5-year CAGR stands at +14.5%.

Miller Industries, Inc.'s FCF yield is 19.67% and price-to-FCF ratio is 5.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MLR free cash flow · 8 questions

Miller Industries, Inc. free cash flow was $85.0M for FY2025, up 5500.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $110.3M.

MLR free cash flowMLR FCFMLR FCF 2025MLR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Miller Industries, Inc. · Miller Industries, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026