Miller Industries (MLR) Return on Invested Capital [ROIC] (2011 - 2026)
Miller Industries (MLR) reported Return on Invested Capital [ROIC] of 3.48% for Q2 2026, down 5.55 percentage points from 9.02% a year earlier and down 0.01 percentage points from the prior quarter.
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Analysis
Miller Industries (MLR) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Miller Industries posted Return on Invested Capital [ROIC] of 4.99%, down 10.33 percentage points from FY2024.
- By year, Return on Invested Capital [ROIC] came in at 15.32% in FY2024 (-1.35 pp) and 16.67% in FY2023.
- The Q2 2026 figure ranks as the lowest quarterly Return on Invested Capital [ROIC] since Q3 2011.
- Year over year, Return on Invested Capital [ROIC] has now declined in each of the last seven quarters, with an average year-over-year change of -5.74 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q3 2023 (a gain of 9.12 percentage points); the low point was Q3 2025 (a drop of 9.56 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 3.49% (Q1 2026), 4.99% (Q4 2025) and 6.52% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 388.70 Bn | 360.40 Bn | 7.76 Bn | 15.86% |
| 2 | Amphenol | 214.42 Bn | 209.12 Bn | 3.55 Bn | 16.52% |
| 3 | Deere | 185.30 Bn | 194.07 Bn | 4.66 Bn | 9.33% |
| 4 | Eaton | 169.35 Bn | 166.59 Bn | 2.86 Bn | 10.34% |
| 5 | Parker-Hannifin | 122.64 Bn | 120.77 Bn | 2.25 Bn | 15.40% |
| 6 | Vertiv Holdings | 97.12 Bn | 87.74 Bn | 1.23 Bn | 23.98% |
| 7 | Emerson Electric | 90.13 Bn | 82.89 Bn | 2.66 Bn | 10.94% |
| 8 | 3M | 83.49 Bn | 64.94 Bn | 2.68 Bn | 22.67% |
| 9 | Illinois Tool Works | 74.89 Bn | 71.45 Bn | 1.90 Bn | 27.10% |
| 10 | Miller Industries | 616.99 Mn | 425.26 Mn | 35.94 Mn | 3.48% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.48% |
| Mar 31, 2026 | 3.49% |
| Dec 31, 2025 | 4.99% |
| Sep 30, 2025 | 6.52% |
| Jun 30, 2025 | 9.02% |
| Mar 31, 2025 | 12.01% |
| Dec 31, 2024 | 14.46% |
| Sep 30, 2024 | 16.09% |
| Jun 30, 2024 | 17.64% |
| Mar 31, 2024 | 17.07% |
| Dec 31, 2023 | 15.55% |
| Sep 30, 2023 | 14.17% |
| Jun 30, 2023 | 11.72% |
| Mar 31, 2023 | 8.96% |
| Dec 31, 2022 | 7.00% |
| Sep 30, 2022 | 5.05% |
| Jun 30, 2022 | 4.57% |
| Sep 30, 2020 | 11.16% |
| Jun 30, 2020 | 11.49% |
| Mar 31, 2020 | 13.56% |
API Access
Miller Industries Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=MLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=MLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();