MLKN vs MBC vs XMAX Stock Comparison

Millerknoll, MasterBrand and XMax Prices as of Oct 26, 2026 Peers: Industry group
MLKN Millerknoll, Inc.
$21.07 +5.0% 1M +20.7% 1Y
Market cap
$1.44B
P/E
14.7x
Revenue (TTM)
$3.81B
Div. yield
–
Furniture Consumer Discretionary
5 wins
MBC MasterBrand, Inc.
$6.68 -7.7% 1M -47.8% 1Y
Market cap
$1.06B
P/E
–
Revenue (TTM)
$2.78B
Div. yield
–
Furniture Consumer Discretionary
XMAX XMax Inc.
$8.38 -3.8% 1M +47.8% 1Y
Market cap
$516.07M
P/E
17.3x
Revenue (TTM)
$16.05M
Div. yield
–
Furniture Consumer Discretionary
5 wins

Head to Head

10 decided of 12

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

QuestionMLKNMBCXMAXLeader
Larger companyMarket capitalisation $1.44B $1.06B $516.07M MLKN
Cheaper on earningsLower P/E, profitable companies only 14.7x -10.9x 17.3x MLKN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 10.0x — — –
Faster revenue growthRevenue growth, trailing twelve months +1.2% 0.0% +63.5% XMAX
More profitableNet margin, trailing twelve months 2.6% -3.5% 185.9% XMAX
Better return on capitalReturn on invested capital 5.6% -1.0% -3.6% MLKN
Less leveragedLower net debt / EBITDA 2.7x 16.8x 10.4x MLKN
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +20.7% -47.8% +47.8% XMAX
Better 5-year returnAnnualised price return, 5 years -11.0%/yr — -5.0%/yr XMAX
Less volatileAnnualised volatility, 1 year 48.9% 55.4% 33.4% XMAX
Higher overall scoreMean of the five percentile scores vs peers 62/100 30/100 40/100 MLKN

Percentile Scorecard

MLKNMBCXMAX

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

AxisMLKNMBCXMAX
Valuation 83 #8 of 42 61 #17 of 42 7 #39 of 42
Growth 71 #13 of 42 12 #37 of 42 59 #18 of 42
Profitability 64 #15 of 40 23 #31 of 40 28 #29 of 40
Financial Health 31 #30 of 43 24 #33 of 43 100 #1 of 43
Shareholder Returns 59 #12 of 28 – 4 #27 of 28
Overall 62 30 40
  • MLKN ranked among 45 companies in Household Durables
  • MBC ranked among 45 companies in Household Durables
  • XMAX ranked among 45 companies in Household Durables

Price Performance

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

Returns

PeriodMLKNMBCXMAXSPY
1 month +5.0%-7.7%-3.8% -0.8%
3 months -6.6%-23.7%-0.7% +3.5%
6 months +22.7%-28.5%+14.2% +7.0%
Year to date +15.3%-39.5%+39.7% +12.2%
1 year +20.7%-47.8%+47.8% +13.0%
3 years -6.8%-39.2%+269.2% +86.3%
3 years, per year -2.3%-15.3%+54.6% +23.1%
5 years -44.1%—-22.8% +68.6%
5 years, per year -11.0%—-5.0% +11.0%
10 years -25.2%—-91.9% +258.0%
10 years, per year -2.9%—-22.2% +13.6%

Risk

MeasureMLKNMBCXMAXSPY
Volatility, 1Y 48.9%55.4%33.4% 12.7%
Downside volatility, 1Y 53.8%56.6%30.6% 12.7%
Beta vs S&P 500, 1Y 1.231.170.33 1.00
Return / volatility, 1Y 0.42-0.861.43 1.02
Max drawdown, 5Y -67.8%-66.5%-96.6% -25.4%
From 52-week high -14.0%-51.7%-10.3% -1.8%
52-week high $24.49$13.82$9.34 $779.14
52-week low $13.88$6.43$5.20 $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.

MultipleMLKNMBCXMAX
P/E now vs peer median 14.9xmedian 16.1x -10.6xmedian 16.1x 17.1xmedian 16.1x
P/S now vs peer median 0.4xmedian 0.7x 0.4xmedian 0.7x 33.5xmedian 0.7x
EV/EBITDA now vs peer median 6.2xmedian 12.1x 31.8xmedian 12.1x -151.9xmedian 12.1x
P/FCF now vs peer median 12.5xmedian 11.9x 13.8xmedian 11.9x -119.2xmedian 11.9x
P/B now vs peer median 1.1xmedian 1.2x 0.5xmedian 1.2x 5.1xmedian 1.2x
PEG now vs peer median 0.31median 0.64 0.29median 0.64 0.63median 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 monthsMLKNMBCXMAX
Revenue $3.81B $2.78B $16.05M
Gross profit $1.51B $747.80M $3.67M
Operating income $196.60M -$31.70M -$3.29M
Net income $101.20M -$96.90M $29.83M
Free cash flow $115.50M $74.40M -$4.51M
R&D $105.00M – –
EPS (diluted) $1.40 $-0.63 $0.49
Cash & equivalents $178.60M $241.60M $34.63M
Total debt $1.31B $1.39B $1.83M
Shares (diluted) 70.04M 153.60M 61.00M
Enterprise value $740.60M $380.97M $463.11M

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
MetricMLKNMBCXMAX
P/E 14.9x -10.6x 17.1x
P/FCF 12.5x 13.8x -119.2x
P/Operating cash flow 6.0x 6.9x -119.2x
P/S 0.4x 0.4x 33.5x
P/B 1.1x 0.5x 5.1x
P/Tangible book 1.6x 0.9x 5.1x
EV/EBITDA 6.2x 31.8x -151.9x
EV/EBIT 13.1x -68.6x -152.7x
EV/Revenue 0.7x 0.8x 31.3x
EV/FCF 22.3x 29.2x -111.6x
EV/Operating cash flow 10.8x 14.7x -111.6x
PEG (3Y EPS CAGR) 0.31 0.29 0.63

Growth

14 metrics
MetricMLKNMBCXMAX
Revenue growth (1Y) 1.2% 0.0% 63.5%
Revenue CAGR (3Y) -1.0% -2.7% 11.4%
Gross profit growth (1Y) 3.5% -15.3% -18.9%
Gross profit CAGR (3Y) 2.1% -6.7% 44.3%
Operating income growth (1Y) 121.4% -115.9% 12.6%
Operating income CAGR (3Y) 20.7% -28.7% 33.7%
Net income growth (1Y) 681.6% -203.4% 816.3%
Net income CAGR (3Y) 44.0% -38.0% 64.2%
EPS growth (1Y) 724.0% -186.9% 261.2%
EPS CAGR (3Y) 47.5% -36.3% 27.2%
Operating cash flow growth (1Y) 21.3% -40.6% -383.6%
Operating cash flow CAGR (3Y) -12.6% -25.2% -19.9%
Free cash flow growth (1Y) 41.0% -53.1% -383.6%
Free cash flow CAGR (3Y) -24.9% -37.7% -19.8%

Profitability

14 metrics
MetricMLKNMBCXMAX
Gross margin 39.5% 26.9% 22.9%
EBITDA margin 10.9% 2.5% -20.6%
Operating margin 5.2% -1.1% -20.5%
Pretax margin 3.5% -3.8% 231.3%
Net margin 2.6% -3.5% 185.9%
FCF margin 3.0% 2.7% -28.1%
Operating cash flow margin 6.3% 5.3% -28.1%
Return on equity 7.6% -5.9% 40.7%
Return on assets 2.6% -2.6% 35.5%
Return on invested capital 5.6% -1.0% -3.6%
Return on capital employed 5.9% -1.0% -4.0%
Asset turnover 1.0x 0.7x 0.2x
Cash conversion (OCF / net income) 2.4x -1.5x -0.2x
Stock comp / revenue 0.7% 0.8% 20.0%

Financial Health

11 metrics
MetricMLKNMBCXMAX
Debt / assets 32.7% 31.0% 0.1%
Debt / equity 1.0x 0.7x 0.0x
Net debt / EBITDA 2.7x 16.8x 10.4x
Debt / FCF 11.3x 18.7x 0.0x
Liabilities / assets 66.1% 56.1% 12.2%
Equity / assets 33.9% 43.9% 87.8%
Interest coverage 2.9x -0.4x –
Current ratio 1.6x 1.8x 28.8x
Quick ratio 0.8x 0.8x 23.2x
Cash ratio 0.3x 0.4x 21.2x
Altman Z-score 1.83 1.37 22.05

Shareholder Returns

7 metrics
MetricMLKNMBCXMAX
Dividend yield 3.6% – –
Net buyback yield 0.7% – -13.0%
Shareholder yield 4.3% – -13.0%
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.

ConsensusMLKNMBCXMAX
Forward P/E 10.0xFY2026 – –
EPS, next fiscal year $2.10FY2026 $-0.04FY2026 –
EPS growth, next FY +12.9%FY2026 -104.4%FY2026 –
EPS growth, the year after +11.4% – –
Revenue, next fiscal year $3.72BFY2026 $3.32BFY2026 –
Revenue growth, next FY -3.2%FY2026 +21.5%FY2026 –
Revenue growth, the year after +17.4% +22.0% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMLKNMBCXMAX
Held by institutions 96.5% 100.0% 21.0%
Institutions holding 244 345 56
Change in shares held, QoQ -0.5% +39.7% +126.0%
Institutions buying 121 222 51
Institutions selling 86 53 5
Buyers to sellers 1.41 4.19 10.20

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.

MLKNMBCXMAX
MLKN 1.00 0.47 0.04
MBC 0.47 1.00 0.05
XMAX 0.04 0.05 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MLKN, MBC and XMAX?

Millerknoll (MLKN) is the largest by market capitalisation: Millerknoll (MLKN) $1.44B, MasterBrand (MBC) $1.06B, XMax (XMAX) $516.07M.

Which stock is cheaper, MLKN, MBC and XMAX?

Millerknoll (MLKN) trades on the lowest price-to-earnings ratio (Millerknoll (MLKN) 14.7x, MasterBrand (MBC) -10.9x, XMax (XMAX) 17.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

XMax (XMAX) grew revenue fastest over the trailing twelve months: Millerknoll (MLKN) +1.2%, MasterBrand (MBC) 0.0%, XMax (XMAX) +63.5%.

Which company is more profitable?

XMax (XMAX) has the highest net margin (Millerknoll (MLKN) 2.6%, MasterBrand (MBC) -3.5%, XMax (XMAX) 185.9%). On return on invested capital, Millerknoll (MLKN) leads (Millerknoll (MLKN) 5.6%, MasterBrand (MBC) -1.0%, XMax (XMAX) -3.6%).

Which stock has performed better?

Over the past year XMax (XMAX) returned the most: Millerknoll (MLKN) +20.7%, MasterBrand (MBC) -47.8%, XMax (XMAX) +47.8%. Over five years, XMax (XMAX) compounded fastest (Millerknoll (MLKN) -11.0%/yr, XMax (XMAX) -5.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, XMax (XMAX) has been the steadiest (Millerknoll (MLKN) 48.9%, MasterBrand (MBC) 55.4%, XMax (XMAX) 33.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MLKN, MBC and XMAX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Millerknoll (MLKN) 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.