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Hyliion vs Miller Industries: revenue, profit, margins and growth compared

Hyliion brought in $3.5M of revenue in fiscal 2025, Miller Industries $790.3M in fiscal 2025. Revenue changed by +130.3% at Hyliion and -37.2% at Miller Industries on the year before, so Hyliion grew faster. Hyliion kept -1,645.7% of its revenue as net profit, Miller Industries 2.9%. Free cash flow was -$70.3M at Hyliion and $85M at Miller Industries.

Side by side, latest fiscal year

HYLNMLR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.5M$790.3M
Revenue growth+130.3%-37.2%
Net income-$57.2M$23M
Net margin-1,645.7%2.9%
Free cash flow-$70.3M$85M
Free cash flow margin-2,022.7%10.8%
Earnings per share (diluted)-$0.33$1.98
Cash$22.9M$44.7M
Debtn/a$33.3M
Price to earningsn/a27.3
Market value$753.7M$613.5M
Dividend yieldn/a1.48%
Rank by revenue in sector#764 of 778 · Consumer discretionary#497 of 778 · Consumer discretionary

Over the years

Revenue
HYLN FY2019: $0HYLN FY2020: $0HYLN FY2021: $200KHYLN FY2022: $2.1MHYLN FY2023: $672KHYLN FY2024: $1.5MHYLN FY2025: $3.5MMLR FY2018: $711.7MMLR FY2019: $818.2MMLR FY2020: $651.3MMLR FY2021: $717.5MMLR FY2022: $848.5MMLR FY2023: $1.2BMLR FY2024: $1.3BMLR FY2025: $790.3MFY18FY19FY20FY21FY22FY23FY24FY25
HYLN $3.5MMLR $790.3M
Net income
HYLN FY2019: -$14.1MHYLN FY2020: $324.1MHYLN FY2021: -$96MHYLN FY2022: -$153.4MHYLN FY2023: -$123.5MHYLN FY2024: -$52MHYLN FY2025: -$57.2MMLR FY2018: $33.7MMLR FY2019: $39.1MMLR FY2020: $29.8MMLR FY2021: $16.3MMLR FY2022: $20.3MMLR FY2023: $58.3MMLR FY2024: $63.5MMLR FY2025: $23MFY18FY19FY20FY21FY22FY23FY24FY25
HYLN -$57.2MMLR $23M
Net margin
HYLN FY2021: -48,024.0%HYLN FY2022: -7,281.9%HYLN FY2023: -18,379.5%HYLN FY2024: -3,449.2%HYLN FY2025: -1,645.7%MLR FY2018: 4.7%MLR FY2019: 4.8%MLR FY2020: 4.6%MLR FY2021: 2.3%MLR FY2022: 2.4%MLR FY2023: 5.1%MLR FY2024: 5.0%MLR FY2025: 2.9%FY18FY19FY20FY21FY22FY23FY24FY25
HYLN -1,645.7%MLR 2.9%
Revenue growth
HYLN FY2022: +953.0%HYLN FY2023: -68.1%HYLN FY2024: +124.6%HYLN FY2025: +130.3%MLR FY2019: +15.0%MLR FY2020: -20.4%MLR FY2021: +10.2%MLR FY2022: +18.3%MLR FY2023: +35.9%MLR FY2024: +9.0%MLR FY2025: -37.2%FY19FY20FY21FY22FY23FY24FY25
HYLN +130.3%MLR -37.2%
Free cash flow
HYLN FY2019: -$11.4MHYLN FY2020: -$23.3MHYLN FY2021: -$82.9MHYLN FY2022: -$119.8MHYLN FY2023: -$124.4MHYLN FY2024: -$73.3MHYLN FY2025: -$70.3MMLR FY2018: $8.6MMLR FY2019: $17.7MMLR FY2020: $43.2MMLR FY2021: $6.1MMLR FY2022: -$48.1MMLR FY2023: -$1.1MMLR FY2024: $1.5MMLR FY2025: $85MFY18FY19FY20FY21FY22FY23FY24FY25
HYLN -$70.3MMLR $85M

Fiscal years as each company reports them; the two may end in different months.

Questions about Hyliion and Miller Industries

Which is bigger by revenue, Hyliion or Miller Industries?

Miller Industries is bigger by revenue: $790.3M in fiscal 2025, against $3.5M for Hyliion in fiscal 2025.

Which keeps more of its revenue as profit, Hyliion or Miller Industries?

Hyliion had a net margin of -1,645.7% in fiscal 2025; Miller Industries had 2.9% in fiscal 2025.

Which grew revenue faster, Hyliion or Miller Industries?

In their latest fiscal years revenue changed by +130.3% at Hyliion and -37.2% at Miller Industries.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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