Brady vs Millerknoll
Millerknoll is the larger business, with $3.84bn of revenue in fiscal 2026 against $1.66bn for Brady (2.3 times as much). Brady grew faster (9.8% against 4.7%). Brady kept more of each dollar of sales as profit: a net margin of 12.4% against 2.4%. Brady carries less debt relative to equity (1.1% against 96.4%).
| Latest fiscal year | BradyBRC, 2026 | MillerknollMLKN, 2026 |
|---|---|---|
| Revenue | $1.66bn | $3.84bn |
| Revenue growth | 9.8% | 4.7% |
| Net income | $205m | $91.5m |
| Operating margin | 15.9% | 5.2% |
| Net margin | 12.4% | 2.4% |
| Return on equity | 16.1% | 7.0% |
| Free cash flow | $193m | $77.6m |
| Cash | $187m | $168m |
| Total debt | $15.0m | $1.29bn |
| Debt to equity | 1.1% | 96.4% |
| Dividend per share | — | $0.75 |
| Dividend yield | 1.1% | 3.3% |
| Share buybacks | $42.2m | — |
| Employees | — | 10,544 |
| Market value | $3.98bn | $1.48bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 81 (Strong) | 43 (Weak) |
| Insider trades, 12 months | 1 buys, 15 sales | 0 buys, 0 sales |