MLKN vs ARHS vs FLXS Stock Comparison

Millerknoll, Arhaus and Flexsteel Industries Prices as of Oct 26, 2026 Peers: Industry group
MLKN Millerknoll, Inc.
$21.07 +5.0% 1M +20.7% 1Y
Market cap
$1.45B
P/E
14.9x
Revenue (TTM)
$3.81B
Div. yield
–
Furniture Consumer Discretionary
1 win
ARHS Arhaus, Inc.
$11.65 +20.0% 1M +11.4% 1Y
Market cap
$1.62B
P/E
23.5x
Revenue (TTM)
$1.41B
Div. yield
–
Furniture Consumer Discretionary
3 wins
FLXS Flexsteel Industries Inc
$82.55 -7.6% 1M +128.6% 1Y
Market cap
$345.58M
P/E
11.1x
Revenue (TTM)
$462.71M
Div. yield
–
Furniture Consumer Discretionary
5 wins

Head to Head

9 decided of 12

Flexsteel Industries leads on 5 of the 12 questions below (Flexsteel Industries 5, Arhaus 3, Millerknoll 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMLKNARHSFLXSLeader
Larger companyMarket capitalisation $1.45B $1.62B $345.58M ARHS
Cheaper on earningsLower P/E, profitable companies only 14.9x 23.5x 11.1x FLXS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 10.0x 22.8x 16.5x MLKN
Faster revenue growthRevenue growth, trailing twelve months +1.2% +5.4% +3.4% ARHS
More profitableNet margin, trailing twelve months 2.6% 4.9% — ARHS
Better return on capitalReturn on invested capital 5.6% — — –
Less leveragedLower net debt / EBITDA 2.7x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +20.7% +11.4% +128.6% FLXS
Better 5-year returnAnnualised price return, 5 years -11.0%/yr — +25.3%/yr FLXS
Less volatileAnnualised volatility, 1 year 48.9% 57.0% 46.3% FLXS
Higher overall scoreMean of the five percentile scores vs peers 62/100 46/100 66/100 FLXS

Percentile Scorecard

MLKNARHSFLXS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisMLKNARHSFLXS
Valuation 83 #8 of 42 46 #23 of 42 73 #12 of 42
Growth 71 #13 of 42 32 #29 of 42 81 #9 of 42
Profitability 64 #15 of 40 74 #11 of 40 87 #6 of 40
Financial Health 31 #30 of 43 26 #32 of 43 64 #16 of 43
Shareholder Returns 59 #12 of 28 52 #14 of 28 26 #21 of 28
Overall 62 46 66
  • MLKN ranked among 45 companies in Household Durables
  • ARHS ranked among 45 companies in Household Durables
  • FLXS ranked among 45 companies in Household Durables

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodMLKNARHSFLXSSPY
1 month +5.0%+20.0%-7.6% -0.8%
3 months -6.6%+47.8%+8.8% +3.5%
6 months +22.7%+54.7%+51.4% +7.0%
Year to date +15.3%+3.9%+109.0% +12.2%
1 year +20.7%+11.4%+128.6% +13.0%
3 years -6.8%+41.2%+318.0% +86.3%
3 years, per year -2.3%+12.2%+61.1% +23.1%
5 years -44.1%—+208.8% +68.6%
5 years, per year -11.0%—+25.3% +11.0%
10 years -25.2%—+101.5% +258.0%
10 years, per year -2.9%—+7.3% +13.6%

Risk

MeasureMLKNARHSFLXSSPY
Volatility, 1Y 48.9%57.0%46.3% 12.7%
Downside volatility, 1Y 53.8%52.4%36.2% 12.7%
Beta vs S&P 500, 1Y 1.231.560.90 1.00
Return / volatility, 1Y 0.420.202.78 1.02
Max drawdown, 5Y -67.8%-70.8%-56.3% -25.4%
From 52-week high -14.0%-1.9%-7.6% -1.8%
52-week high $24.49$11.87$89.37 $779.14
52-week low $13.88$5.75$34.19 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleMLKNARHSFLXS
P/E now vs peer median 14.9xmedian 16.1x 23.8xmedian 16.1x 13.5xmedian 16.1x
P/S now vs peer median 0.4xmedian 0.7x 1.2xmedian 0.7x 0.7xmedian 0.7x
EV/EBITDA now vs peer median 6.2xmedian 12.1x 8.0xmedian 12.1x —median 12.1x
P/FCF now vs peer median 12.5xmedian 11.9x 40.3xmedian 11.9x 7.5xmedian 11.9x
P/B now vs peer median 1.1xmedian 1.2x 4.0xmedian 1.2x 2.6xmedian 1.2x
PEG now vs peer median 0.31median 0.64 -0.98median 0.64 0.51median 0.64

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsMLKNARHSFLXS
Revenue $3.81B $1.41B $462.71M
Gross profit $1.51B $559.10M $112.59M
Operating income $196.60M $93.10M $40.46M
Net income $101.20M $69.18M $31.23M
Free cash flow $115.50M $40.86M –
R&D $105.00M – –
EPS (diluted) $1.40 $0.49 $5.72
Cash & equivalents $178.60M $226.40M $4.41M
Total debt $1.31B – –
Shares (diluted) 70.04M 141.81M 5.46M
Enterprise value $752.73M $705.65M $345.58M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricMLKNARHSFLXS
P/E 14.9x 23.8x 13.5x
P/FCF 12.5x 40.3x 7.5x
P/Operating cash flow 6.0x 14.3x 7.4x
P/S 0.4x 1.2x 0.7x
P/B 1.1x 4.0x 2.6x
P/Tangible book 1.6x 4.0x 2.6x
EV/EBITDA 6.2x 8.0x –
EV/EBIT 13.1x 15.3x –
EV/Revenue 0.7x 1.0x 0.7x
EV/FCF 22.3x 34.8x –
EV/Operating cash flow 10.8x 12.3x 7.4x
PEG (3Y EPS CAGR) 0.31 -0.98 0.51

Growth

14 metrics
MetricMLKNARHSFLXS
Revenue growth (1Y) 1.2% 5.4% 3.4%
Revenue CAGR (3Y) -1.0% 2.9% 5.6%
Gross profit growth (1Y) 3.5% 6.4% 10.9%
Gross profit CAGR (3Y) 2.1% -0.2% 15.0%
Operating income growth (1Y) 121.4% 1.8% 36.9%
Operating income CAGR (3Y) 20.7% -23.9% 49.8%
Net income growth (1Y) 681.6% -2.8% 33.8%
Net income CAGR (3Y) 44.0% -24.1% 27.0%
EPS growth (1Y) 724.0% -3.2% 37.3%
EPS CAGR (3Y) 47.5% -24.4% 26.4%
Operating cash flow growth (1Y) 21.3% -20.1% 18.7%
Operating cash flow CAGR (3Y) -12.6% 5.9% 77.5%
Free cash flow growth (1Y) 41.0% -28.8% –
Free cash flow CAGR (3Y) -24.9% 10.8% –

Profitability

14 metrics
MetricMLKNARHSFLXS
Gross margin 39.5% 39.7% –
EBITDA margin 10.9% 12.6% –
Operating margin 5.2% 6.6% –
Pretax margin 3.5% 6.9% –
Net margin 2.6% 4.9% –
FCF margin 3.0% 2.9% –
Operating cash flow margin 6.3% 8.2% 9.9%
Return on equity 7.6% 17.6% 23.5%
Return on assets 2.6% 4.9% 12.6%
Return on invested capital 5.6% – –
Return on capital employed 5.9% 10.0% –
Asset turnover 1.0x 1.0x 1.9x
Cash conversion (OCF / net income) 2.4x 1.7x 1.5x
Stock comp / revenue 0.7% 0.8% 1.0%

Financial Health

11 metrics
MetricMLKNARHSFLXS
Debt / assets 32.7% – –
Debt / equity 1.0x – –
Net debt / EBITDA 2.7x – –
Debt / FCF 11.3x – –
Liabilities / assets 66.1% 71.4% 45.5%
Equity / assets 33.9% 28.6% 54.5%
Interest coverage 2.9x – –
Current ratio 1.6x 1.3x 2.2x
Quick ratio 0.8x 0.5x –
Cash ratio 0.3x 0.5x –
Altman Z-score 1.83 2.46 –

Shareholder Returns

7 metrics
MetricMLKNARHSFLXS
Dividend yield 3.6% 3.0% 1.1%
Net buyback yield 0.7% – –
Shareholder yield 4.3% 3.0% 1.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusMLKNARHSFLXS
Forward P/E 10.0xFY2026 22.8xFY2026 16.5xFY2027
EPS, next fiscal year $2.10FY2026 $0.51FY2026 $4.99FY2027
EPS growth, next FY +12.9%FY2026 +6.3%FY2026 +1.0%FY2027
EPS growth, the year after +11.4% +21.6% +27.1%
Revenue, next fiscal year $3.72BFY2026 $1.41BFY2026 $463.67MFY2027
Revenue growth, next FY -3.2%FY2026 +2.4%FY2026 +1.0%FY2027
Revenue growth, the year after +17.4% +14.0% +3.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMLKNARHSFLXS
Held by institutions 96.5% 38.0% 54.4%
Institutions holding 244 164 126
Change in shares held, QoQ -0.5% +3.6% +6.2%
Institutions buying 121 86 72
Institutions selling 86 60 32
Buyers to sellers 1.41 1.43 2.25

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

MLKNARHSFLXS
MLKN 1.00 0.42 0.27
ARHS 0.42 1.00 0.30
FLXS 0.27 0.30 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MLKN, ARHS and FLXS?

Arhaus (ARHS) is the largest by market capitalisation: Millerknoll (MLKN) $1.45B, Arhaus (ARHS) $1.62B, Flexsteel Industries (FLXS) $345.58M.

Which stock is cheaper, MLKN, ARHS and FLXS?

Flexsteel Industries (FLXS) trades on the lowest price-to-earnings ratio (Millerknoll (MLKN) 14.9x, Arhaus (ARHS) 23.5x, Flexsteel Industries (FLXS) 11.1x). On next year's consensus earnings, Millerknoll (MLKN) is cheapest (Millerknoll (MLKN) 10.0x, Arhaus (ARHS) 22.8x, Flexsteel Industries (FLXS) 16.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Arhaus (ARHS) grew revenue fastest over the trailing twelve months: Millerknoll (MLKN) +1.2%, Arhaus (ARHS) +5.4%, Flexsteel Industries (FLXS) +3.4%.

Which company is more profitable?

Arhaus (ARHS) has the highest net margin (Millerknoll (MLKN) 2.6%, Arhaus (ARHS) 4.9%).

Which stock has performed better?

Over the past year Flexsteel Industries (FLXS) returned the most: Millerknoll (MLKN) +20.7%, Arhaus (ARHS) +11.4%, Flexsteel Industries (FLXS) +128.6%. Over five years, Flexsteel Industries (FLXS) compounded fastest (Millerknoll (MLKN) -11.0%/yr, Flexsteel Industries (FLXS) +25.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Flexsteel Industries (FLXS) has been the steadiest (Millerknoll (MLKN) 48.9%, Arhaus (ARHS) 57.0%, Flexsteel Industries (FLXS) 46.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MLKN, ARHS and FLXS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Flexsteel Industries (FLXS) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.