Millerknoll vs Pitney Bowes
Millerknoll is the larger business, with $3.84bn of revenue in fiscal 2026 against $1.89bn for Pitney Bowes (2.0 times as much). Millerknoll grew faster (4.7% against -6.6%). Pitney Bowes kept more of each dollar of sales as profit: a net margin of 7.6% against 2.4%.
| Latest fiscal year | MillerknollMLKN, 2026 | Pitney BowesPBI, 2025 |
|---|---|---|
| Revenue | $3.84bn | $1.89bn |
| Revenue growth | 4.7% | -6.6% |
| Net income | $91.5m | $145m |
| Operating margin | 5.2% | — |
| Net margin | 2.4% | 7.6% |
| Return on equity | 7.0% | — |
| Free cash flow | $77.6m | $317m |
| Cash | $168m | $285m |
| Total debt | $1.29bn | $2.03bn |
| Debt to equity | 96.4% | — |
| Dividend per share | $0.75 | $0.30 |
| Dividend yield | 3.3% | 2.4% |
| Share buybacks | — | $378m |
| Employees | 10,544 | 6,600 |
| Market value | $1.48bn | $2.17bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 43 (Weak) | 51 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 4 buys, 69 sales |