Miller Industries (MLR) Gross Margin (2010 - 2026)
Miller Industries' (MLR) quarterly Gross Margin came in at 14.97% in Q2 2026, down 119.0% year-over-year from 78.81% in Q2 2025, and up 5.45% quarter-over-quarter from 14.2% in Q1 2026.
Analysis
Miller Industries (MLR) Gross Margin (2010 - 2026) Analysis & Trends
Miller Industries has disclosed Gross Margin across 17 years of filings, most recently posting 14.97% for Q2 2026.
- In Q2 2026, Gross Margin fell 119.0% year-over-year to 14.97%; the TTM figure through Jun 2026 stood at 14.71% (down 5.0% YoY), while the FY2025 annual figure was 15.23%, up 165.0% from the prior year.
- Gross Margin came in at 14.97% for Q2 2026 at Miller Industries, up from 14.2% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 16.16% in Q2 2025 to a low of 7.12% in Q1 2022.
- Average Gross Margin over 5 years is 13.13%, with a median of 13.56% recorded in 2024.
- Year-over-year, Gross Margin slumped 225 bps in 2022 and surged 434 bps in 2023.
- Over 5 years, Gross Margin stood at 11.3% in 2022, then increased by 15 bps to 13.04% in 2023, then grew by 16 bps to 15.08% in 2024, then grew by 2 bps to 15.43% in 2025, then retreated by 3 bps to 14.97% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 14.97% in Q2 2026, 14.2% in Q1 2026, and 15.43% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 370.59 Bn | 363.87 Bn | 7.76 Bn | 37.78% |
| 2 | Cummins | 75.77 Bn | 71.10 Bn | 2.47 Bn | 26.07% |
| 3 | Paccar | 64.57 Bn | 55.91 Bn | 1.56 Bn | 20.64% |
| 4 | Borgwarner | 13.34 Bn | 10.89 Bn | 721.00 Mn | 19.76% |
| 5 | Allison Transmission Holdings | 10.59 Bn | 10.19 Bn | 515.00 Mn | 32.89% |
| 6 | Oshkosh | 9.21 Bn | 8.80 Bn | 480.30 Mn | 16.48% |
| 7 | Federal Signal | 6.90 Bn | 6.84 Bn | 203.80 Mn | 30.41% |
| 8 | Terex | 6.76 Bn | 6.35 Bn | 444.00 Mn | 19.84% |
| 9 | Dana | 3.31 Bn | 2.98 Bn | 210.00 Mn | 10.45% |
| 10 | Miller Industries | 617.32 Mn | 561.68 Mn | 35.94 Mn | 14.97% |
Historic Data
Download Data
Historic 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% |