HNI Corporation (HNI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$1.04	$1.27	+22.1%	—	—	—
Q3 26	$0.29	$0.34	+17.2%	—	—	—
Q2 26	$0.91	$0.83	-8.8%	—	—	—
Q1 26	$0.86	$1.11	+29.1%	—	—	—
Q4 25	$0.34	$0.44	+29.4%	—	—	—
Q3 25	$0.74	$0.87	+17.6%	—	—	—
Q2 25	$0.99	$1.03	+4.0%	—	—	—
Q1 25	$0.61	$0.79	+29.5%	—	—	—
Q4 24	$0.18	$0.37	+105.6%	—	—	—
Q3 24	$0.83	$0.98	+18.1%	—	—	—
Q2 24	$0.63	$0.93	+47.6%	—	—	—
Q1 24	$0.21	$0.55	+161.9%	—	—	—
Q4 23	-$0.03	$0.13	+533.3%	—	—	—
Q3 23	$0.48	$0.63	+31.3%	—	—	—
Q2 23	$0.65	$0.71	+9.2%	—	—	—
Q1 23	$0.34	$0.52	+52.9%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.13	—	—	$2.8B	—
FY24	—	$2.95	—	—	$2.5B	—
FY23	—	$1.11	—	—	$2.4B	—
FY22	—	$2.97	—	—	$2.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.2B	$2.2B	$2.3B	$2.2B	$2B	$2.2B	$2.4B	$2.4B	$2.5B	$2.8B
YoY change	-4.38%	-1.25%	+3.77%	-0.48%	-13%	+11.7%	+8.12%	+3.06%	+3.8%	+12.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.2B	2.2B	2.3B	2.2B	2B	2.2B	2.4B	2.4B	2.5B	2.8B
Cost of revenue	1.4B	1.4B	1.4B	1.4B	1.2B	1.4B	1.5B	1.5B	1.5B	1.7B
Gross profit	835M	784M	835M	833.8M	721.1M	757.4M	834.9M	948.3M	1B	1.2B
Gross margin	37.9%	36%	37%	37.1%	36.9%	34.7%	35.4%	39%	40.9%	41.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	667.7M	671.8M	691.1M	680M	620.9M	665.6M	723.4M	813.2M	820.7M	937M
Operating expenses	667.7M	671.8M	691.1M	680M	620.9M	665.6M	723.4M	813.2M	820.7M	937M
Operating income	167.3M	112.2M	143.9M	153.7M	100.2M	91.8M	111.5M	135.1M	212.7M	239.1M
Operating margin	7.59%	5.15%	6.37%	6.84%	5.12%	4.2%	4.72%	5.55%	8.42%	8.42%
Non-operating income, net	-33.6M	-35.5M	-15.7M	-2.4M	-38.8M	-6.3M	43.7M	-44.8M	-6.2M	-112.7M
Pretax income	128.9M	70.6M	118.7M	142.7M	54.4M	78.3M	146.4M	64.8M	179.3M	90.8M
Income tax	43.3M	-19.3M	25.4M	32.2M	12.5M	18.5M	22.5M	15.6M	39.8M	36.5M
Net income	85.6M	89.9M	93.3M	110.5M	41.9M	59.8M	123.9M	49.2M	139.5M	54.2M
Net margin	3.89%	4.13%	4.13%	4.92%	2.14%	2.74%	5.25%	2.02%	5.52%	1.91%
EBITDA	236.5M	185M	218.7M	231.1M	177.9M	174.9M	195.7M	230M	320.5M	346.6M
EPS	1.93	2.05	2.14	2.56	0.98	1.38	2.97	1.11	2.95	1.13
Diluted EPS	1.88	2	2.11	2.54	0.98	1.36	2.94	1.09	2.88	1.11

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	711.6M	679.8M	588M	623.7M	672.2M	642.5M	599.8M	667.1M	683.8M	888.4M	1.3B	1.5B
Cost of revenue	426.3M	406.7M	355.1M	362.4M	393.4M	382.1M	361.4M	380.9M	395.7M	524.9M	847.6M	825.2M
Gross profit	285.3M	273.1M	232.8M	261.3M	278.8M	260.4M	238.4M	286.2M	288.1M	363.5M	499.9M	647.2M
Gross margin	40.1%	40.2%	39.6%	41.9%	41.5%	40.5%	39.7%	42.9%	42.1%	40.9%	37.1%	44%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	223.3M	211M	203.1M	205.9M	208.4M	203.4M	207.6M	215.5M	222.7M	291.3M	514.8M	533M
Operating expenses	223.3M	211M	203.1M	205.9M	208.4M	203.4M	207.6M	215.5M	222.7M	291.3M	514.8M	533M
Operating income	62M	62.1M	29.7M	55.4M	70.4M	57M	30.8M	70.7M	65.4M	72.2M	-14.9M	114.2M
Operating margin	8.71%	9.14%	5.05%	8.88%	10.5%	8.87%	5.14%	10.6%	9.56%	8.13%	-1.11%	7.76%
Non-operating income, net	-5.3M	-31.4M	-100K	-2M	-1.6M	-2.5M	-6.4M	-2.5M	-800K	-103M	-20M	-19.3M
Pretax income	47.4M	22.7M	22M	46M	61.8M	49.5M	18.9M	62M	57.4M	-47.5M	-55.6M	71.2M
Income tax	9.6M	0	4.3M	10M	14.3M	11.2M	5M	13.8M	16.2M	1.6M	-16.8M	20.1M
Net income	37.8M	22.7M	17.7M	36M	47.5M	38.3M	13.9M	48.3M	41.2M	-49.2M	-38.8M	51.1M
Net margin	5.31%	3.34%	3.01%	5.77%	7.07%	5.96%	2.32%	7.24%	6.03%	-5.54%	-2.88%	3.47%
EBITDA	87.7M	88.7M	56.1M	81.8M	97.8M	84.8M	56.3M	95.6M	90.3M	104.3M	61.8M	183.2M
EPS	0.81	0.49	0.38	0.76	1	0.81	0.3	1.04	0.9	-0.94	-0.55	0.7
Diluted EPS	0.8	0.48	0.37	0.75	0.98	0.79	0.29	1.02	0.88	-0.94	-0.55	0.7

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.5B	1.7B	1.5B	1.6B	1.5B	1.8B	1.2B	1.9B	2.4B	2B	3.4B
Enterprise value	2.7B	1.9B	1.7B	1.8B	1.6B	2B	1.5B	2.4B	2.9B	3.4B	4.9B
Shares outstanding	44.4M	43.8M	43.6M	43.1M	42.7M	43.4M	41.7M	44.5M	47.4M	47.9M	47.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	29	18.8	16.6	14.6	35.1	30.5	9.57	37.8	17.1	37.2	166.8
P/S	1.13	0.78	0.68	0.72	0.75	0.84	0.5	0.76	0.95	0.71	0.78
P/B	4.96	3.29	2.74	2.76	2.49	3.1	1.92	2.44	2.84	1.1	1.89
EV/EBITDA	11.2	10.5	7.86	7.87	9.04	11.7	7.5	10.5	8.91	9.79	11
EV/Sales	1.21	0.89	0.76	0.81	0.82	0.94	0.62	0.99	1.13	1.19	1.13
Earnings yield	3.45%	5.32%	6.04%	6.84%	2.85%	3.27%	10.5%	2.64%	5.84%	2.69%	0.6%
FCF yield	4.18%	0.34%	7.94%	9.44%	11.7%	3.56%	1.08%	10.1%	7.28%	10.4%	3.08%
PEG	—	—	—	—	—	—	—	—	—	—	-5.1

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	37.9%	36%	37%	37.1%	36.9%	34.7%	35.4%	39%	40.9%	41.4%	44%
Operating margin	7.59%	5.15%	6.37%	6.84%	5.12%	4.2%	4.72%	5.55%	8.42%	8.42%	8.16%
Net margin	3.89%	4.13%	4.13%	4.92%	2.14%	2.74%	5.25%	2.02%	5.52%	1.91%	0.1%
ROE	17.1%	17.5%	16.6%	18.9%	7.09%	10.1%	20.1%	6.46%	16.6%	2.95%	0.33%
ROA	6.44%	6.46%	6.66%	7.61%	2.95%	3.99%	8.76%	2.55%	7.44%	1.11%	5.16%
ROIC	16.4%	14.6%	15.4%	15.1%	10.6%	8.65%	10.5%	7.86%	12.6%	4.45%	1.22%
Return on tangible assets	27.9%	21.9%	19.6%	19.7%	8.38%	10.8%	23.2%	7.87%	22.3%	3.66%	0.35%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.93	1	1.22	1.1	1.13	1.03	1.19	1.16	1.1	1.24	1.36
Quick ratio	0.68	0.68	0.86	0.76	0.82	0.68	0.73	0.73	0.69	0.82	0.88
Debt / equity	0.43	0.54	0.44	0.44	0.43	0.47	0.49	0.76	0.59	0.87	0.91
Debt / assets	0.16	0.2	0.18	0.18	0.18	0.18	0.21	0.3	0.26	0.33	0.34
Net debt / EBITDA	0.74	1.36	0.79	0.89	0.77	1.26	1.44	2.36	1.46	3.98	3.49
Interest coverage	26.3	12.6	13.6	17.5	8.77	11.9	17.6	3.54	7.59	3.55	1.37
Effective tax rate	33.6%	0%	21.4%	22.6%	23%	23.6%	15.4%	24.1%	22.2%	40.2%	82.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	49.6	49.6	51.7	52.1	45.8	50.3	56.6	54.7	53.3	59.3	72.6
EPS (basic)	1.93	2.05	2.14	2.56	0.98	1.38	2.97	1.11	2.95	1.13	1.13
EPS (diluted)	1.88	2	2.11	2.54	0.98	1.36	2.94	1.09	2.88	1.11	-0.03
Book value per share	11.3	11.7	12.9	13.6	13.8	13.6	14.8	17.1	17.7	38.3	25
FCF per share	2.34	0.13	2.81	3.54	4.05	1.5	0.31	4.23	3.67	4.35	1.38
Cash per share	0.87	0.58	1.79	1.23	2.76	1.24	0.47	0.78	0.61	4.5	1.5
Capex per share	0.02	0.21	0.54	0.01	0.01	—	—	—	—	1.42	1.4

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.05%	0.41%	1.05%	0.01%	0.02%	—	—	—	—	2.39%	2.31%
Capex / operating cash flow	0.54%	8.95%	13.8%	0.15%	0.14%	—	—	—	—	24.5%	50.5%
Payout ratio	56.6%	55.1%	54.7%	47.3%	124.3%	90%	42.9%	118.9%	45.6%	116.4%	503.7%
Dividend yield	1.95%	2.93%	3.3%	3.24%	3.54%	2.95%	4.49%	3.14%	2.66%	3.13%	2.99%

Yield

2.99%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.35

ex-dividend Aug 28, 2026

Payout ratio

504%

of earnings

Dividend growth

16 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 28, 2026	$0.35
May 29, 2026	$0.35
Mar 2, 2026	$0.34

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$711.6M	$679.8M	$588M	$623.7M	$672.2M	$642.5M	$599.8M	$667.1M	$683.8M	$888.4M	$1.3B	$1.5B
YoY change	+18.8%	+19.5%	+22.7%	+10.7%	-5.54%	-5.49%	+2.01%	+6.96%	+1.73%	+38.3%	+124.7%	+120.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	38.6M	25.4M	78.1M	53.2M	117.8M	53.7M	19.4M	34.5M	28.9M	215.7M
Receivables	229.4M	258.6M	255.2M	274.6M	202.5M	237.2M	215.2M	243.6M	246.4M	570M
Inventory	118.4M	155.7M	157.2M	163.5M	137.8M	181.6M	180.1M	196.6M	194.3M	475.3M
Total current assets	433M	488.9M	531.9M	528.8M	495.7M	523.5M	469.2M	535.9M	524.5M	1.4B
Property, plant & equipment	72.5M	84.2M	94.7M	161M	148.6M	165.4M	177.1M	275.8M	257.8M	893.9M
Goodwill & intangibles	1B	981.8M	926.6M	891.4M	917.8M	942.8M	879.6M	1.3B	1.2B	3.4B
Total assets	1.3B	1.4B	1.4B	1.5B	1.4B	1.5B	1.4B	1.9B	1.9B	4.9B
Accounts payable	201.8M	235.6M	221.4M	227.6M	190.5M	233.8M	165.3M	193.7M	190.4M	380.4M
Short-term debt	34M	36.6M	679K	23.6M	22.4M	28.8M	25.3M	37.8M	84M	84.8M
Total current liabilities	463.5M	489.7M	434.3M	478.7M	439M	506.4M	395.1M	463.7M	477.5M	1.1B
Long-term debt	180M	240M	249.4M	234.3M	232.3M	245.8M	275.4M	540.2M	412.8M	1.5B
Total liabilities	829.2M	877M	838.6M	868.1M	827.3M	907.9M	797.7M	1.2B	1B	3B
Shareholders' equity	501M	514.6M	563.3M	584.4M	590.7M	590M	616.8M	761.8M	840.4M	1.8B
Total debt	214M	276.6M	250M	257.8M	254.7M	274.6M	300.7M	578M	496.8M	1.6B
Net debt	177.7M	253.3M	173.2M	205.8M	138.6M	222.3M	283.3M	549.1M	474.3M	1.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	28.1M	215.7M	78.2M	108.2M
Receivables	—	—	—	—	—	—	—	—	255.6M	570M	550.8M	629.4M
Inventory	—	—	—	—	—	—	—	—	194.5M	475.3M	490.5M	498.8M
Total current assets	—	—	—	—	—	—	—	—	542.9M	1.4B	1.3B	1.4B
Property, plant & equipment	—	—	—	—	—	—	—	—	213.5M	893.9M	791.8M	748.8M
Goodwill & intangibles	—	—	—	—	—	—	—	—	1.2B	3.4B	3.6B	3.6B
Total assets	—	—	—	—	—	—	—	—	1.8B	4.9B	4.8B	4.8B
Accounts payable	—	—	—	—	—	—	—	—	—	380.4M	—	—
Short-term debt	—	—	—	—	—	—	—	—	34.4M	84.8M	87M	87.9M
Total current liabilities	—	—	—	—	—	—	—	—	409M	1.1B	936.1M	1B
Long-term debt	—	—	—	—	—	—	—	—	425M	1.5B	1.6B	1.6B
Total liabilities	—	—	—	—	—	—	—	—	1B	3B	3B	3B
Shareholders' equity	—	—	—	—	—	—	—	—	835.9M	1.8B	1.8B	1.8B
Total debt	—	—	—	—	—	—	—	—	459.4M	1.6B	1.7B	1.6B
Net debt	—	—	—	—	—	—	—	—	438.7M	1.4B	1.7B	1.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	85.6M	89.9M	93.3M	110.5M	41.9M	59.8M	123.9M	49.2M	139.5M	54.2M
Depreciation & amortization	68.9M	72.9M	74.8M	77.4M	77.7M	83.1M	84.2M	94.9M	107.8M	107.1M
Stock-based compensation	8.1M	7.8M	7.3M	6.8M	7.8M	12.9M	9M	16.5M	17.4M	24.7M
Change in working capital	7.8M	-34.3M	-8.5M	-12.1M	54.9M	-34.9M	-80.4M	69.9M	-30.5M	26M
Operating cash flow	195.6M	100.7M	172.5M	217.9M	213M	130.3M	130.3M	266.4M	225.6M	276.3M
Capital expenditure	1.1M	9M	23.8M	327K	299K	—	—	—	—	-67.8M
Investing cash flow	-33.4M	9.4M	22.5M	4.3M	-58.3M	-44.4M	57.7M	-365.7M	1.9M	-443.9M
Dividends paid	-48.5M	-49.6M	-51.1M	-52.2M	-52.1M	-53.8M	-53.2M	-58.5M	-63.6M	-63.1M
Share repurchases	-55.8M	-57.5M	-30.5M	-83.9M	-6.8M	-59.2M	-65.2M	-300K	-65.8M	-83.6M
Financing cash flow	-62.6M	-28.1M	-91.7M	-181.2M	-50.1M	-84.5M	-105.4M	188.8M	-182.2M	363.1M
Net change in cash	99.5M	81.9M	103.2M	41M	104.6M	1.4M	82.6M	89.5M	45.3M	195.5M
Free cash flow	103.8M	5.8M	122.7M	152.5M	172.7M	65M	12.8M	188.4M	173.8M	208.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	41.2M	-49.2M	-38.8M	51.1M
Depreciation & amortization	—	—	—	—	—	—	—	—	24.9M	31.7M	75.2M	66.2M
Stock-based compensation	—	—	—	—	—	—	—	—	3.2M	11.4M	18.1M	9.6M
Change in working capital	—	—	—	—	—	—	—	—	50.1M	57.4M	-213.6M	-500K
Operating cash flow	—	—	—	—	—	—	—	—	155.2M	77.4M	-171.8M	139.8M
Capital expenditure	—	—	—	—	—	—	—	—	-19.7M	-16.9M	-35.7M	-29M
Investing cash flow	—	—	—	—	—	—	—	—	-19.8M	-405.8M	-74.7M	-24.2M
Dividends paid	—	—	—	—	—	—	—	—	-15.6M	-15.6M	-26.6M	-25.5M
Share repurchases	—	—	—	—	—	—	—	—	-3.8M	0	0	0
Financing cash flow	53M	58.7M	118.6M	110M	33.8M	65.8M	129.1M	163.9M	-146.8M	525.7M	107.3M	-100.9M
Net change in cash	53M	58.7M	118.6M	110M	33.8M	65.8M	129.1M	163.9M	-11.4M	197.3M	-139.2M	14.7M
Free cash flow	—	—	—	—	—	—	—	—	135.5M	60.5M	-207.5M	110.8M

Date	Ratio
Mar 30, 1998	2:1
Jul 3, 1990	2:1
Jun 29, 1987	2:1

HNI Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history