Miller Industries, Inc. MLR

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
62/100
Moderate

About Miller Industries, Inc.

Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment. It also provides transport trailers for … Full MLR analysis →

Competitive advantage assessment

Key strengths

  • Strong Interest Coverage & Conservative Leverage Debt serviceability is strong (score 0.85), with robust interest coverage.
  • Consistent Cash Generation Cash generation is strong and consistent (score 0.84).

Key risks

  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.28), suggesting weak customer stickiness.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
56

Where MLR ranks in Auto Parts

Miller Industries, Inc. ranks #18 of 60 scored companies in Auto Parts by moat score — the top 30%. The widest moat in the group is Allison Transmission Holdings, (ALSN) at 83/100.

Moat scores for companies ranked near MLR in Auto Parts
# Company Moat score Rating
14 LKQ Corporation LKQ 65/100 Moderate
15 Motorcar Parts of America, Inc. MPAA 62/100 Moderate
16 Lear Corporation LEA 62/100 Moderate
17 PHINIA Inc. PHIN 62/100 Moderate
18 Miller Industries, Inc. MLR 62/100 Moderate
19 Standard Motor Products, Inc. SMP 62/100 Moderate
20 Aptiv PLC APTV 61/100 Moderate
21 Holley Inc. HLLY 61/100 Moderate
22 Gentherm Inc THRM 59/100 Moderate

See every General Corporate company ranked by moat score →

How MLR scores on the Corporate Default defenses

Pricing Power

Score 56 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 64 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 62 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 54 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 83 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 52 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding MLR's moat

What is Miller Industries, Inc.'s moat score?

Miller Industries, Inc. (MLR) scores 62 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #18 of 60 scored companies in Auto Parts, the top 30%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 59 companies in Auto Parts. Its strongest defense is Resilience (83/100) and its weakest is Scale & Market Position (52/100).

How does Miller Industries, Inc. compare with other Auto Parts companies?

Miller Industries, Inc. ranks #18 of 60 scored companies in Auto Parts by moat score. The widest moat in Auto Parts is Allison Transmission Holdings, (ALSN) at 83/100. The companies ranked closest are PHINIA Inc. (PHIN) at 62 just above it and Standard Motor Products, Inc. (SMP) at 62 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 59 companies in Auto Parts. The defenses are then weighted to produce the overall score out of 100.

Why is Miller Industries, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Miller Industries, Inc.?

The Corporate Default template measures 6 defenses, and MLR scores: Pricing Power (56), Cost Advantage (64), Customer Stickiness (62), Capital Efficiency (54), Resilience (83), Scale & Market Position (52). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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