Miller Industries (MLR) Asset Utilization Ratio (2011 - 2026)
Miller Industries' Asset Utilization Ratio came in at 1.33 for Q3 2026, down 3.0% from 1.37 a year earlier but up 2.8% from the prior quarter.
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Analysis
Miller Industries (MLR) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
For FY2025, Miller Industries' Asset Utilization Ratio was 1.26, down 34.3% from FY2024.
- Going back by year, Asset Utilization Ratio was 1.91 in FY2024 (-4.7%), 2.01 in FY2023 (+11.1%), 1.81 in FY2022 (+5.3%) and 1.72 in FY2021 (+4.1%).
- The five-year range for quarterly Asset Utilization Ratio is 1.27 (Q1 2026) to 1.87 (Q4 2023).
- Year-over-year, Asset Utilization Ratio has declined for nine consecutive quarters, with an average decline of 14.7% over the last eight quarters.
- The fastest year-over-year change in Asset Utilization Ratio over five years came in Q1 2022 (growth of 8.0%), and the weakest in Q1 2026 (a decline of 26.9%).
- Business Quant data shows MLR's Asset Utilization Ratio at 1.29 (Q2 2026), 1.27 (Q1 2026) and 1.32 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 256.79 Bn | 228.09 Bn | 7.35 Bn | 0.74 |
| 2 | Amphenol | 183.76 Bn | 178.46 Bn | 4.02 Bn | 0.72 |
| 3 | Deere | 181.25 Bn | 149.34 Bn | 4.66 Bn | 0.45 |
| 4 | Eaton | 132.82 Bn | 129.76 Bn | 3.11 Bn | 0.56 |
| 5 | Parker-Hannifin | 115.39 Bn | 113.27 Bn | 2.26 Bn | 0.62 |
| 6 | 3M | 96.09 Bn | 77.53 Bn | 2.78 Bn | 0.68 |
| 7 | Emerson Electric | 90.66 Bn | 83.40 Bn | 2.66 Bn | 0.44 |
| 8 | Illinois Tool Works | 79.95 Bn | 76.63 Bn | 1.91 Bn | 1.01 |
| 9 | Vertiv Holdings | 70.25 Bn | 59.10 Bn | 1.64 Bn | 0.77 |
| 10 | Miller Industries | 523.39 Mn | 309.65 Mn | 29.78 Mn | 1.33 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.33 |
| Jun 30, 2026 | 1.29 |
| Mar 31, 2026 | 1.27 |
| Dec 31, 2025 | 1.32 |
| Sep 30, 2025 | 1.37 |
| Jun 30, 2025 | 1.55 |
| Mar 31, 2025 | 1.73 |
| Dec 31, 2024 | 1.77 |
| Sep 30, 2024 | 1.77 |
| Jun 30, 2024 | 1.79 |
| Mar 31, 2024 | 1.82 |
| Dec 31, 2023 | 1.87 |
| Sep 30, 2023 | 1.81 |
| Jun 30, 2023 | 1.74 |
| Mar 31, 2023 | 1.73 |
| Dec 31, 2022 | 1.73 |
| Sep 30, 2022 | 1.69 |
| Jun 30, 2022 | 1.62 |
| Mar 31, 2022 | 1.69 |
| Dec 31, 2021 | 1.70 |
API Access
Miller Industries Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=MLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "MLR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=MLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();