Miller Industries (MLR) Gross Margin (2010 - 2026)
Miller Industries (MLR) reported Gross Margin of 14.03% for Q3 2026, down 0.15 percentage points from 14.18% a year earlier and down 0.94 percentage points from the prior quarter.
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Analysis
Miller Industries (MLR) Gross Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Miller Industries' Gross Margin came in at 14.65%, down 0.50 percentage points year-over-year; for FY2025, it came in at 15.23%, up 1.65 percentage points from FY2024.
- Gross Margin has increased for three consecutive years, with a five-year change of +3.20 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 13.58% in FY2024 (+0.42 pp), 13.17% in FY2023 (+3.45 pp), 9.71% in FY2022 (-0.02 pp) and 9.74% in FY2021 (-2.30 pp).
- The Q3 2026 figure ranks as the lowest quarterly Gross Margin since Q3 2024.
- Year over year, Gross Margin has now declined in each of the last three quarters, with an average year-over-year change of +0.73 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q3 2023 (a gain of 4.34 percentage points); the low point was Q4 2021 (a drop of 5.86 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 14.97% (Q2 2026), 14.20% (Q1 2026) and 15.43% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 256.79 Bn | 228.09 Bn | 7.35 Bn | 35.54% |
| 2 | Amphenol | 183.76 Bn | 178.46 Bn | 4.02 Bn | 39.26% |
| 3 | Deere | 181.25 Bn | 149.34 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 132.82 Bn | 129.76 Bn | 3.11 Bn | 34.70% |
| 5 | Parker-Hannifin | 115.39 Bn | 113.27 Bn | 2.26 Bn | 37.73% |
| 6 | 3M | 96.09 Bn | 77.53 Bn | 2.78 Bn | 42.27% |
| 7 | Emerson Electric | 90.66 Bn | 83.40 Bn | 2.66 Bn | 54.48% |
| 8 | Illinois Tool Works | 79.95 Bn | 76.63 Bn | 1.91 Bn | 45.09% |
| 9 | Vertiv Holdings | 70.25 Bn | 59.10 Bn | 1.64 Bn | 38.11% |
| 10 | Miller Industries | 523.39 Mn | 309.65 Mn | 29.78 Mn | 14.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.03% |
| 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% |
API Access
Miller Industries Gross Margin 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=gross-margin&ticker=MLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=MLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();