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Side-by-side financial comparison of MILLER INDUSTRIES INC (MLR) and WORKIVA INC (WK). Click either name above to swap in a different company.

WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $171.9M, roughly 1.4× MILLER INDUSTRIES INC). On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs -22.5%). WORKIVA INC produced more free cash flow last quarter ($50.7M vs $43.8M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% CAGR vs -29.9%).

Miller Industries is an American tow truck and towing equipment manufacturing company based in the Chattanooga suburb of Ooltewah, Tennessee. Its primary subsidiary, Miller Industries Towing Equipment Inc., manufactures a variety of light- to heavy-duty wreckers, car carriers, and rotators under several brand names, including Century, Vulcan, Chevron, and Holmes. Miller Industries also operates international brands with Boniface (U.K.) and Jige (France). It is listed on the New York Stock Exc...

Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.

MLR vs WK — Head-to-Head

Bigger by revenue
WK
WK
1.4× larger
WK
$238.9M
$171.9M
MLR
Growing faster (revenue YoY)
WK
WK
+42.1% gap
WK
19.5%
-22.5%
MLR
More free cash flow
WK
WK
$7.0M more FCF
WK
$50.7M
$43.8M
MLR
Faster 2-yr revenue CAGR
WK
WK
Annualised
WK
16.6%
-29.9%
MLR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MLR
MLR
WK
WK
Revenue
$171.9M
$238.9M
Net Profit
$11.8M
Gross Margin
15.4%
80.7%
Operating Margin
2.9%
3.3%
Net Margin
4.9%
Revenue YoY
-22.5%
19.5%
Net Profit YoY
234.0%
EPS (diluted)
$0.29
$0.21

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MLR
MLR
WK
WK
Q4 25
$171.9M
$238.9M
Q3 25
$178.7M
$224.2M
Q2 25
$214.0M
$215.2M
Q1 25
$225.7M
$206.3M
Q4 24
$221.9M
$199.9M
Q3 24
$314.3M
$185.6M
Q2 24
$371.5M
$177.5M
Q1 24
$349.9M
$175.7M
Net Profit
MLR
MLR
WK
WK
Q4 25
$11.8M
Q3 25
$3.1M
$2.8M
Q2 25
$8.5M
$-19.4M
Q1 25
$8.1M
$-21.4M
Q4 24
$-8.8M
Q3 24
$15.4M
$-17.0M
Q2 24
$20.5M
$-17.5M
Q1 24
$17.0M
$-11.7M
Gross Margin
MLR
MLR
WK
WK
Q4 25
15.4%
80.7%
Q3 25
14.2%
79.3%
Q2 25
16.2%
77.0%
Q1 25
15.0%
76.6%
Q4 24
15.1%
77.1%
Q3 24
13.4%
76.5%
Q2 24
13.8%
76.8%
Q1 24
12.6%
76.4%
Operating Margin
MLR
MLR
WK
WK
Q4 25
2.9%
3.3%
Q3 25
2.4%
-1.5%
Q2 25
5.3%
-10.3%
Q1 25
4.8%
-12.0%
Q4 24
5.7%
-6.7%
Q3 24
6.3%
-11.7%
Q2 24
7.1%
-13.0%
Q1 24
6.1%
-10.4%
Net Margin
MLR
MLR
WK
WK
Q4 25
4.9%
Q3 25
1.7%
1.2%
Q2 25
4.0%
-9.0%
Q1 25
3.6%
-10.4%
Q4 24
-4.4%
Q3 24
4.9%
-9.2%
Q2 24
5.5%
-9.9%
Q1 24
4.9%
-6.7%
EPS (diluted)
MLR
MLR
WK
WK
Q4 25
$0.29
$0.21
Q3 25
$0.27
$0.05
Q2 25
$0.73
$-0.35
Q1 25
$0.69
$-0.38
Q4 24
$0.89
$-0.15
Q3 24
$1.33
$-0.31
Q2 24
$1.78
$-0.32
Q1 24
$1.47
$-0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MLR
MLR
WK
WK
Cash + ST InvestmentsLiquidity on hand
$338.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$420.6M
$-5.4M
Total Assets
$589.7M
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLR
MLR
WK
WK
Q4 25
$338.8M
Q3 25
$315.9M
Q2 25
$284.3M
Q1 25
$242.0M
Q4 24
$301.8M
Q3 24
$248.2M
Q2 24
$267.9M
Q1 24
$296.1M
Stockholders' Equity
MLR
MLR
WK
WK
Q4 25
$420.6M
$-5.4M
Q3 25
$420.7M
$-36.9M
Q2 25
$418.6M
$-66.5M
Q1 25
$406.5M
$-75.7M
Q4 24
$401.0M
$-41.7M
Q3 24
$395.2M
$-50.8M
Q2 24
$379.9M
$-77.7M
Q1 24
$362.4M
$-83.2M
Total Assets
MLR
MLR
WK
WK
Q4 25
$589.7M
$1.5B
Q3 25
$604.3M
$1.4B
Q2 25
$622.9M
$1.3B
Q1 25
$639.7M
$1.3B
Q4 24
$667.0M
$1.4B
Q3 24
$755.3M
$1.3B
Q2 24
$748.2M
$1.2B
Q1 24
$696.5M
$1.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MLR
MLR
WK
WK
Operating Cash FlowLast quarter
$48.9M
$51.0M
Free Cash FlowOCF − Capex
$43.8M
$50.7M
FCF MarginFCF / Revenue
25.5%
21.2%
Capex IntensityCapex / Revenue
3.0%
0.1%
Cash ConversionOCF / Net Profit
4.31×
TTM Free Cash FlowTrailing 4 quarters
$85.0M
$138.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLR
MLR
WK
WK
Q4 25
$48.9M
$51.0M
Q3 25
$19.9M
$46.2M
Q2 25
$27.2M
$50.3M
Q1 25
$2.7M
$-7.4M
Q4 24
$-11.7M
$44.0M
Q3 24
$30.3M
$18.9M
Q2 24
$-10.7M
$-14.0K
Q1 24
$9.0M
$24.8M
Free Cash Flow
MLR
MLR
WK
WK
Q4 25
$43.8M
$50.7M
Q3 25
$18.1M
$46.1M
Q2 25
$25.6M
$49.3M
Q1 25
$-2.4M
$-8.1M
Q4 24
$-13.0M
$43.2M
Q3 24
$24.0M
$18.7M
Q2 24
$-13.8M
$-122.0K
Q1 24
$4.3M
$24.6M
FCF Margin
MLR
MLR
WK
WK
Q4 25
25.5%
21.2%
Q3 25
10.1%
20.5%
Q2 25
11.9%
22.9%
Q1 25
-1.1%
-3.9%
Q4 24
-5.9%
21.6%
Q3 24
7.6%
10.1%
Q2 24
-3.7%
-0.1%
Q1 24
1.2%
14.0%
Capex Intensity
MLR
MLR
WK
WK
Q4 25
3.0%
0.1%
Q3 25
1.0%
0.0%
Q2 25
0.8%
0.5%
Q1 25
2.3%
0.4%
Q4 24
0.6%
0.4%
Q3 24
2.0%
0.1%
Q2 24
0.8%
0.1%
Q1 24
1.3%
0.1%
Cash Conversion
MLR
MLR
WK
WK
Q4 25
4.31×
Q3 25
6.46×
16.57×
Q2 25
3.22×
Q1 25
0.34×
Q4 24
Q3 24
1.96×
Q2 24
-0.52×
Q1 24
0.53×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MLR
MLR

Segment breakdown not available.

WK
WK

License And Service$219.3M92%
XBRL Professional Services$16.4M7%
Other Services$3.2M1%

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