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Miller Industries, Inc.

Rank #341ValueWatchlistCompare with other stocks

MLR · NYSE · Consumer Cyclical

Miller Industries, Inc. (MLR) — Rank #341 by gross profitability (GP/assets 0.20) · ROE 5.5% · Piotroski F-Score 6 / 9.

As-of 2026-10-30 · CIK 0000924822 · all metrics point-in-time as of the filing date.

About

Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment.

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It provides wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment. The company also offers transport trailers for moving multiple vehicles for auto auctions, car dealerships, leasing companies, and other similar operations. It markets its products under the Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige, Boniface, Omars, Titan, and Eagle brand names. The company sells its products through independent distributors in North America, and Canada, Mexico; and through prime contractors to governmental entities. Miller Industries, Inc.

was founded in 1990 and is headquartered in Ooltewah, Tennessee.

Industry
Auto Parts
Sector
Consumer Cyclical
State
TN
Filer Category
Accelerated filer
Fiscal Year End
December 31

Company Snapshot

P/E and dividend yield are the primary valuation lenses for mature businesses.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

1,527

Industry

Auto Parts

Exchange

NYSE

9/11

Flags passed

MLR fails 2 critical flags

Passes 9 of 11 quality flags

  • FAIL
    Revenue declining YoY

    Revenue contracted year over year

  • FAIL
    Valuation convergence

    EPS declining, shares diluting, and revenue growth decelerating simultaneously

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin

Strengths Sequential beat (rev + EPS)

No data Operating margin — not counted as a pass.

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.20
Return on equity
5.5%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.45
Current ratio
2.46×
Net cash
$52.47M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.7%

Growth

1/2 pass
Revenue growth
-37.2%
Piotroski F-Score
6 / 9
Share dilution
0.1%

Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).

Profitability

Does it make money well?

Warning: Revenue declining YoY · GP/assets 55th percentile of 21 SIC 37 peers

Gross profitability (GP / assets)

0.20

Primary signal (Novy-Marx).

55th pctl of 21 SIC 37 peers

Return on equity

5.5%

Gross margin

15.2%

20th pctl of 21 SIC 37 peers

Revenue growth (YoY)

-37.2%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

-2.3%

Revenue CAGR (5Y)

3.9%

Earnings CAGR (3Y)

4.2%

FCF CAGR (3Y)

—

Cash Flow Health

Is the cash real?

No warning flags · FCF 269% above net income

Free cash flow

$85.01M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

269.4%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.7%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net cash $52.47M, F-Score 6/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.45

89th pctl of 20 SIC 37 peers (best = lowest)

Current ratio

2.46×

55th pctl of 21 SIC 37 peers

Quick ratio

—

Net cash

$52.47M

Cash & equivalents minus total debt.

Piotroski F-Score

6 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

Warning: Valuation convergence

Dividend safety

Composite score

4.0 / 5

Strong
Payout ratio
39.8%4/5 Strong
FCF coverage
9.29×5/5 Strong
Dividend growth streak
10 yr5/5 Strong
Balance-sheet health
D/E 0.45 · IC N/A2/5 Fair

Capital allocation quality

Composite score

4.0 / 5

Strong
Share count trend
0.1%2/5 Fair
Buyback timing
N/AN/A
Dividend growth consistency
10 yr5/5 Strong
Net debt trajectory(deleveraging)
8.8%5/5 Strong

Lifecycle Phase History

20202025
Value
Capital Return
Hypergrowth

Price History

MLR+69.8% · +11.1% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports