Miller Industries Inc. Common Stock (MLR)

FairStock Score: 35/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn good returns on capital and sell at a sensible price. Miller Industries makes towing and recovery equipment, a necessary but cyclical trade. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $240.0M and net income was $7.3M, or $0.63 diluted EPS. A year earlier, in fiscal Q2 2025, the quarter ended 2025-06-30, revenue was $214.0M and net income was $8.5M, or $0.73 diluted EPS. So sales rose but profit fell. The bigger picture is weaker: FY2025, period ended 2025-12-31, had revenue of $790.3M, net income of $23.0M, and diluted EPS of $1.98, down sharply from FY2024, period ended 2024-12-31, when revenue was $1.3B, net income was $63.5M, and diluted EPS was $5.47. FairStock calls it a cyclical auto-parts business, and the numbers confirm that. The balance sheet is a strength: debt to equity is 0.01, Altman Z-Score is 3.53, and Piotroski is 8/9. Free cash flow is $112.7M, an 18.6% FCF yield, though durability matters. Returns are poor: ROE is 3.41% and ROCE is 2.24%. At $53.25 on 2026-10-13, FairStock's P/E is 42.94, P/B is 1.44, and the Graham Number is $32.13, leaving a negative margin of safety of -65.73%. That is not a Graham bargain. The company is financially sound but currently earns too little for the price.

In plain English: Miller Industries makes tow trucks and car carriers used to move disabled vehicles. The business is financially solid, but profits have dropped sharply from last year and the money it earns on invested capital is low. The stock price looks expensive compared with recent earnings and its calculated asset value.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer