XMAX vs MLKN vs FLXS Stock Comparison

XMax, Millerknoll and Flexsteel Industries Prices as of Oct 29, 2026 Peers: Industry group
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XMAX XMax Inc.
$8.09 -6.5% 1M +43.4% 1Y
Market cap
$397.42M
P/E
13.3x
Revenue (TTM)
$16.05M
Div. yield
–
Furniture Consumer Discretionary
3 wins
MLKN Millerknoll, Inc.
$21.33 +6.9% 1M +33.2% 1Y
Market cap
$1.48B
P/E
15.2x
Revenue (TTM)
$3.81B
Div. yield
–
Furniture Consumer Discretionary
2 wins
FLXS Flexsteel Industries Inc
$75.57 -12.5% 1M +116.8% 1Y
Market cap
$303.34M
P/E
9.7x
Revenue (TTM)
$462.71M
Div. yield
–
Furniture Consumer Discretionary
6 wins

Head to Head

11 decided of 12

Flexsteel Industries leads on 6 of the 12 questions below (Flexsteel Industries 6, XMax 3, Millerknoll 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionXMAXMLKNFLXSLeader
Larger companyMarket capitalisation $397.42M $1.48B $303.34M MLKN
Cheaper on earningsLower P/E, profitable companies only 13.3x 15.2x 9.7x FLXS
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 10.2x 15.1x MLKN
Faster revenue growthRevenue growth, trailing twelve months +63.5% +1.2% +3.4% XMAX
More profitableNet margin, trailing twelve months 185.9% 2.6% 6.7% XMAX
Better return on capitalReturn on invested capital -3.6% 5.6% 22.8% FLXS
Less leveragedLower net debt / EBITDA 10.4x 2.7x -0.1x FLXS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +43.4% +33.2% +116.8% FLXS
Better 5-year returnAnnualised price return, 5 years -6.6%/yr -11.3%/yr +22.0%/yr FLXS
Less volatileAnnualised volatility, 1 year 33.5% 48.6% 51.3% XMAX
Higher overall scoreMean of the five percentile scores vs peers 40/100 62/100 81/100 FLXS

Percentile Scorecard

XMAXMLKNFLXS

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

AxisXMAXMLKNFLXS
Valuation 10 #37 of 41 80 #9 of 41 90 #5 of 41
Growth 58 #18 of 41 73 #12 of 41 85 #7 of 41
Profitability 30 #27 of 38 62 #15 of 38 87 #6 of 38
Financial Health 98 #2 of 42 34 #28 of 42 76 #11 of 42
Shareholder Returns 4 #26 of 27 62 #11 of 27 65 #10 of 27
Overall 40 62 81
  • XMAX ranked among 44 companies in Household Durables
  • MLKN ranked among 44 companies in Household Durables
  • FLXS ranked among 44 companies in Household Durables

Price Performance

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

Returns

PeriodXMAXMLKNFLXSSPY
1 month -6.5%+6.9%-12.5% +0.7%
3 months -7.8%-5.1%+2.2% +3.7%
6 months +0.2%+32.6%+36.7% +7.1%
Year to date +34.8%+16.7%+91.4% +12.8%
1 year +43.4%+33.2%+116.8% +11.9%
3 years +255.6%-7.4%+278.4% +85.2%
3 years, per year +52.7%-2.5%+55.9% +22.8%
5 years -28.7%-45.2%+169.9% +67.6%
5 years, per year -6.6%-11.3%+22.0% +10.9%
10 years -91.2%-23.5%+86.0% +262.0%
10 years, per year -21.6%-2.6%+6.4% +13.7%

Risk

MeasureXMAXMLKNFLXSSPY
Volatility, 1Y 33.5%48.6%51.3% 12.7%
Downside volatility, 1Y 30.8%53.2%46.7% 12.6%
Beta vs S&P 500, 1Y 0.331.210.84 1.00
Return / volatility, 1Y 1.300.682.27 0.94
Max drawdown, 5Y -96.6%-67.8%-56.3% -25.4%
From 52-week high -13.4%-12.9%-15.4% -1.2%
52-week high $9.34$24.49$89.37 $779.14
52-week low $5.20$13.88$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.

MultipleXMAXMLKNFLXS
P/E now vs peer median 16.5xmedian 15.8x 15.1xmedian 15.8x 10.0xmedian 15.8x
P/S now vs peer median 32.3xmedian 0.7x 0.4xmedian 0.7x 0.7xmedian 0.7x
EV/EBITDA now vs peer median -146.3xmedian 9.6x 6.3xmedian 9.6x 7.0xmedian 9.6x
P/FCF now vs peer median -115.1xmedian 12.1x 12.7xmedian 12.1x 7.4xmedian 12.1x
P/B now vs peer median 4.9xmedian 1.2x 1.1xmedian 1.2x 2.4xmedian 1.2x
PEG now vs peer median 0.61median 0.63 0.32median 0.63 0.28median 0.63

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 monthsXMAXMLKNFLXS
Revenue $16.05M $3.81B $462.71M
Gross profit $3.67M $1.51B $112.59M
Operating income -$3.29M $196.60M $40.46M
Net income $29.83M $101.20M $31.23M
Free cash flow -$4.51M $115.50M $42.39M
R&D – $105.00M –
EPS (diluted) $0.49 $1.40 $7.15
Cash & equivalents $34.63M $178.60M $4.41M
Total debt $1.83M $1.31B $900.00K
Shares (diluted) 61.00M 70.04M 4.37M
Enterprise value $344.46M $782.87M $188.20M

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
MetricXMAXMLKNFLXS
P/E 16.5x 15.1x 10.0x
P/FCF -115.1x 12.7x 7.4x
P/Operating cash flow -115.1x 6.1x 6.9x
P/S 32.3x 0.4x 0.7x
P/B 4.9x 1.1x 2.4x
P/Tangible book 4.9x 1.6x 2.4x
EV/EBITDA -146.3x 6.3x 7.0x
EV/EBIT -147.1x 13.2x 7.7x
EV/Revenue 30.2x 0.7x 0.7x
EV/FCF -107.4x 22.5x 7.3x
EV/Operating cash flow -107.4x 10.8x 6.8x
PEG (3Y EPS CAGR) 0.61 0.32 0.28

Growth

14 metrics
MetricXMAXMLKNFLXS
Revenue growth (1Y) 63.5% 1.2% 3.4%
Revenue CAGR (3Y) 11.4% -1.0% 5.6%
Gross profit growth (1Y) -18.9% 3.5% 10.9%
Gross profit CAGR (3Y) 44.3% 2.1% 15.0%
Operating income growth (1Y) 12.6% 121.4% 36.9%
Operating income CAGR (3Y) 33.7% 20.7% 49.8%
Net income growth (1Y) 816.3% 681.6% 33.8%
Net income CAGR (3Y) 64.2% 44.0% 27.0%
EPS growth (1Y) 261.2% 724.0% 71.6%
EPS CAGR (3Y) 27.2% 47.5% 36.1%
Operating cash flow growth (1Y) -383.6% 21.3% 18.7%
Operating cash flow CAGR (3Y) -19.9% -12.6% 77.5%
Free cash flow growth (1Y) -383.6% 41.0% 22.8%
Free cash flow CAGR (3Y) -19.8% -24.9% 120.6%

Profitability

14 metrics
MetricXMAXMLKNFLXS
Gross margin 22.9% 39.5% 24.3%
EBITDA margin -20.6% 10.9% 9.6%
Operating margin -20.5% 5.2% 8.7%
Pretax margin 231.3% 3.5% 8.9%
Net margin 185.9% 2.6% 6.7%
FCF margin -28.1% 3.0% 9.2%
Operating cash flow margin -28.1% 6.3% 9.9%
Return on equity 40.7% 7.6% 23.5%
Return on assets 35.5% 2.6% 12.6%
Return on invested capital -3.6% 5.6% 22.8%
Return on capital employed -4.0% 5.9% 22.4%
Asset turnover 0.2x 1.0x 1.9x
Cash conversion (OCF / net income) -0.2x 2.4x 1.5x
Stock comp / revenue 20.0% 0.7% 1.0%

Financial Health

11 metrics
MetricXMAXMLKNFLXS
Debt / assets 0.1% 32.7% 0.4%
Debt / equity 0.0x 1.0x 0.0x
Net debt / EBITDA 10.4x 2.7x -0.1x
Debt / FCF 0.0x 11.3x 0.0x
Liabilities / assets 12.2% 66.1% 45.5%
Equity / assets 87.8% 33.9% 54.5%
Interest coverage – 2.9x 4,495x
Current ratio 28.8x 1.6x 2.2x
Quick ratio 23.2x 0.8x 0.7x
Cash ratio 21.2x 0.3x 0.1x
Altman Z-score 21.30 1.83 5.86

Shareholder Returns

7 metrics
MetricXMAXMLKNFLXS
Dividend yield – 3.6% 1.2%
Net buyback yield -13.5% 0.7% 20.6%
Shareholder yield -13.5% 4.3% 21.8%
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.

ConsensusXMAXMLKNFLXS
Forward P/E – 10.2xFY2026 15.1xFY2027
EPS, next fiscal year – $2.10FY2026 $4.99FY2027
EPS growth, next FY – +12.9%FY2026 +1.0%FY2027
EPS growth, the year after – +11.4% +27.1%
Revenue, next fiscal year – $3.72BFY2026 $463.67MFY2027
Revenue growth, next FY – -3.2%FY2026 +1.0%FY2027
Revenue growth, the year after – +17.4% +3.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersXMAXMLKNFLXS
Held by institutions 21.0% 96.5% 54.4%
Institutions holding 56 244 126
Change in shares held, QoQ +126.0% -0.5% +6.2%
Institutions buying 51 121 72
Institutions selling 5 86 32
Buyers to sellers 10.20 1.41 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.

XMAXMLKNFLXS
XMAX 1.00 0.03 0.09
MLKN 0.03 1.00 0.25
FLXS 0.09 0.25 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, XMAX, MLKN and FLXS?

Millerknoll (MLKN) is the largest by market capitalisation: XMax (XMAX) $397.42M, Millerknoll (MLKN) $1.48B, Flexsteel Industries (FLXS) $303.34M.

Which stock is cheaper, XMAX, MLKN and FLXS?

Flexsteel Industries (FLXS) trades on the lowest price-to-earnings ratio (XMax (XMAX) 13.3x, Millerknoll (MLKN) 15.2x, Flexsteel Industries (FLXS) 9.7x). On next year's consensus earnings, Millerknoll (MLKN) is cheapest (Millerknoll (MLKN) 10.2x, Flexsteel Industries (FLXS) 15.1x). 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: XMax (XMAX) +63.5%, Millerknoll (MLKN) +1.2%, Flexsteel Industries (FLXS) +3.4%.

Which company is more profitable?

XMax (XMAX) has the highest net margin (XMax (XMAX) 185.9%, Millerknoll (MLKN) 2.6%, Flexsteel Industries (FLXS) 6.7%). On return on invested capital, Flexsteel Industries (FLXS) leads (XMax (XMAX) -3.6%, Millerknoll (MLKN) 5.6%, Flexsteel Industries (FLXS) 22.8%).

Which stock has performed better?

Over the past year Flexsteel Industries (FLXS) returned the most: XMax (XMAX) +43.4%, Millerknoll (MLKN) +33.2%, Flexsteel Industries (FLXS) +116.8%. Over five years, Flexsteel Industries (FLXS) compounded fastest (XMax (XMAX) -6.6%/yr, Millerknoll (MLKN) -11.3%/yr, Flexsteel Industries (FLXS) +22.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, XMax (XMAX) has been the steadiest (XMax (XMAX) 33.5%, Millerknoll (MLKN) 48.6%, Flexsteel Industries (FLXS) 51.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, XMAX, MLKN 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 6. 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.