Miller Industries (MLR) Gross Margin (2010 - 2026)
Miller Industries (MLR) posted Gross Margin of 14.2% for Q1 2026, down 7.98% sequentially from 15.43% in Q4 2025, and down 84.0% YoY from 88.75% in Q1 2025.
Miller Industries (MLR) Gross Margin (2010 - 2026) Analysis & Trends
Miller Industries has reported Gross Margin for 17 years, with the latest figure at 14.2% in Q1 2026.
- Quarterly Gross Margin fell 84.0% year-over-year to 14.2% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.04% (up 88.0% YoY) and the FY2025 annual result came in at 15.23%, up 165.0% from the prior year.
- Gross Margin declined to 14.2% in Q1 2026 per MLR's latest filing, from 15.43% in the prior quarter.
- Over five years, Gross Margin peaked at 16.16% in Q2 2025 and troughed at 7.12% in Q1 2022.
- A 5-year average of 13.02% and a median of 13.37% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 225 bps in 2022, then soared 434 bps in 2023.
- Over 5 years, Gross Margin stood at 11.3% in 2022, then gained by 15 bps to 13.04% in 2023, then rose by 16 bps to 15.08% in 2024, then rose by 2 bps to 15.43% in 2025, then retreated by 8 bps to 14.2% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 14.2%, 15.43%, and 14.18% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.55 Bn | 73.28 Bn | 2.52 Bn | 51.45% |
| 2 | Autozone | 48.56 Bn | 48.30 Bn | 2.52 Bn | 52.15% |
| 3 | Magna International | 19.96 Bn | 18.53 Bn | 1.61 Bn | 14.68% |
| 4 | Genuine Parts | 18.42 Bn | 17.86 Bn | 2.47 Bn | 37.80% |
| 5 | Borgwarner | 13.70 Bn | 11.25 Bn | 721.00 Mn | 19.76% |
| 6 | Allison Transmission Holdings | 10.98 Bn | 10.59 Bn | 515.00 Mn | 32.89% |
| 7 | Aptiv | 10.30 Bn | 9.54 Bn | 775.00 Mn | 23.67% |
| 8 | Modine Manufacturing | 10.21 Bn | 10.13 Bn | - | - |
| 9 | Autoliv | 9.28 Bn | 8.90 Bn | 509.00 Mn | 18.16% |
| 10 | Miller Industries | 652.59 Mn | 596.95 Mn | 35.94 Mn | 14.97% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.97% |
| Mar 31, 2026 | 14.20% |
| Dec 31, 2025 | 15.43% |
| Sep 30, 2025 | 14.18% |
| Jun 30, 2025 | 16.16% |
| Mar 31, 2025 | 15.04% |
| Dec 31, 2024 | 15.08% |
| Sep 30, 2024 | 13.37% |
| Jun 30, 2024 | 13.75% |
| Mar 31, 2024 | 12.65% |
| Dec 31, 2023 | 13.04% |
| Sep 30, 2023 | 15.61% |
| Jun 30, 2023 | 13.30% |
| Mar 31, 2023 | 10.78% |
| Dec 31, 2022 | 11.30% |
| Sep 30, 2022 | 11.28% |
| Jun 30, 2022 | 9.12% |
| Mar 31, 2022 | 7.12% |
| Dec 31, 2021 | 7.73% |
| Sep 30, 2021 | 10.83% |