NYSE : HNI
HNI Corporation — Financial statements
Consumer Discretionary · Furnishings, Fixtures & Appliances · United States
Last price 49.02 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.54B
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Financial statements
HNI Corporation (HNI) reported revenue of 4.39B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.39B | 2.84B | 2.53B | 2.43B | 2.36B | 2.18B |
| Cost of Revenue | 2.55B | 1.66B | 1.49B | 1.48B | 1.52B | 1.42B |
| Gross Profit | 1.84B | 1.18B | 1.04B | 949.20M | 843.70M | 765.00M |
| Selling, General & Admin | 1.42B | 849.50M | 736.10M | 694.60M | 644.70M | 596.10M |
| Research & Development | 56.60M | 56.60M | 53.60M | 47.20M | 47.80M | 39.40M |
| Amortization of Goodwill & Intangibles | 80.30M | 30.90M | 30.90M | 30.10M | 30.90M | 30.10M |
| Operating Expenses | 1.56B | 937.00M | 820.60M | 771.90M | 723.40M | 665.60M |
| Operating Income | 277.60M | 241.60M | 217.80M | 177.30M | 120.30M | 99.40M |
| Interest Expense | -68.30M | -35.60M | -27.20M | -25.50M | -8.80M | -7.20M |
| Other Non Operating Income (Expenses) | 4.50M | 300.00K | ||||
| EBT Excluding Unusual Items | 213.80M | 206.30M | 190.60M | 151.80M | 111.50M | 92.20M |
| Merger & Restructuring Charges | -165.60M | -101.30M | -11.20M | -54.40M | -14.50M | -8.10M |
| Impairment of Goodwill | -27.60M | -5.80M | ||||
| Gain (Loss) on Sale of Investments | -100.00K | -1.60M | -1.00M | |||
| Gain (Loss) on Sale of Assets | -300.00K | -6.70M | 50.40M | |||
| Asset Writedown | -22.70M | -7.60M | -3.40M | |||
| Pretax Income | 25.20M | 90.70M | 179.30M | 64.80M | 146.40M | 78.30M |
| Income Tax Expense | 20.90M | 36.50M | 39.80M | 15.60M | 22.50M | 18.50M |
| Earnings From Continuing Operations | 4.30M | 54.20M | 139.50M | 49.20M | 123.90M | 59.80M |
| Net Income | 4.30M | 54.20M | 139.50M | 49.20M | 123.90M | 59.80M |
| Net Income to Common | 4.20M | 54.20M | 139.50M | 49.20M | 123.90M | 59.80M |
| Shares Outstanding (Basic) | 60.50M | 47.90M | 47.40M | 44.50M | 41.70M | 43.40M |
| Shares Outstanding (Diluted) | 61.05M | 48.90M | 48.50M | 45.40M | 42.20M | 44.00M |
| EPS (Basic) | 0.07 | 1.13 | 2.94 | 1.11 | 2.97 | 1.38 |
| EPS (Diluted) | 0.07 | 1.11 | 2.88 | 1.09 | 2.94 | 1.36 |
| Free Cash Flow | 102.70M | 210.50M | 176.10M | 189.40M | 21.20M | 78.10M |
| Free Cash Flow Per Share | 1.68 | 4.30 | 3.63 | 4.17 | 0.50 | 1.77 |
| Dividend Per Share | 1.37 | 1.35 | 1.31 | 1.28 | 1.27 | 1.24 |
| Gross Margin | 41.88% | 41.52% | 41.10% | 39.00% | 35.72% | 35.02% |
| Operating Margin | 6.32% | 8.51% | 8.62% | 7.28% | 5.09% | 4.55% |
| Profit Margin | 0.10% | 1.91% | 5.52% | 2.02% | 5.25% | 2.74% |
| Free Cash Flow Margin | 2.34% | 7.41% | 6.97% | 7.78% | 0.90% | 3.57% |
| EBITDA | 448.60M | 330.00M | 305.20M | 250.60M | 180.10M | 158.90M |
| EBITDA Margin | 10.21% | 11.62% | 12.08% | 10.30% | 7.63% | 7.27% |
| D&A For EBITDA | 171.00M | 88.40M | 87.40M | 73.30M | 59.80M | 59.50M |
| EBIT | 277.60M | 241.60M | 217.80M | 177.30M | 120.30M | 99.40M |
| EBIT Margin | 6.32% | 8.51% | 8.62% | 7.28% | 5.09% | 4.55% |
| Effective Tax Rate | 82.94% | 40.24% | 22.20% | 24.07% | 15.37% | 23.63% |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 105.00M | 209.20M | 20.20M | 28.90M | 17.40M | 52.30M |
| Short-Term Investments | 3.20M | 6.50M | 6.40M | 5.60M | 2.00M | 1.40M |
| Cash & Short-Term Investments | 108.20M | 215.70M | 26.60M | 34.50M | 19.40M | 53.70M |
| Receivables | 634.50M | 573.10M | 249.60M | 246.70M | 218.10M | 238.70M |
| Inventory | 498.80M | 475.30M | 194.30M | 196.60M | 180.10M | 181.60M |
| Prepaid Expenses | 168.60M | 147.30M | 51.70M | 58.20M | 51.50M | 49.60M |
| Other Current Assets | 500.00K | 500.00K | -100.00K | 100.00K | -100.00K | |
| Total Current Assets | 1.41B | 1.41B | 522.20M | 535.90M | 469.20M | 523.50M |
| Property, Plant & Equipment | 1.28B | 1.42B | 665.70M | 682.60M | 452.50M | 459.90M |
| Long-Term Investments | 21.50M | 19.10M | 19.30M | 12.30M | 14.40M | |
| Goodwill | 833.30M | 958.00M | 442.10M | 441.10M | 305.90M | 297.40M |
| Other Intangible Assets | 959.30M | 744.60M | 182.20M | 210.80M | 133.90M | 174.10M |
| Long-Term Accounts Receivable | 57.80M | 26.30M | 26.20M | 28.10M | 29.80M | 18.20M |
| Long-Term Deferred Charges | 1.80M | 1.90M | 1.20M | |||
| Other Long-Term Assets | 272.40M | 297.80M | 17.60M | 11.00M | 9.70M | 10.40M |
| Total Assets | 4.82B | 4.88B | 1.88B | 1.93B | 1.41B | 1.50B |
| Accounts Payable | 761.20M | 380.40M | 190.40M | 193.80M | 165.30M | 233.80M |
| Accrued Expenses | 519.10M | 156.50M | 153.30M | 140.10M | 178.50M | |
| Current Portion of Long-Term Debt | 18.10M | 16.20M | 50.30M | 7.50M | 1.30M | 3.20M |
| Current Portion of Leases | 69.80M | 68.60M | 33.70M | 30.30M | 24.00M | 25.60M |
| Current Unearned Revenue | 89.00M | 102.90M | 42.10M | 67.00M | 58.60M | 58.70M |
| Other Current Liabilities | 97.50M | 52.10M | 4.50M | 11.80M | 5.80M | 6.60M |
| Total Current Liabilities | 1.04B | 1.14B | 477.50M | 463.70M | 395.10M | 506.40M |
| Long-Term Debt | 1.36B | 1.28B | 294.30M | 428.30M | 188.80M | 174.60M |
| Long-Term Leases | 199.10M | 231.90M | 118.50M | 111.90M | 86.60M | 71.20M |
| Pension & Post-Retirement Benefits | 14.20M | 15.40M | 16.40M | 16.20M | 22.10M | |
| Long-Term Deferred Tax Liabilities | 230.00M | 180.90M | 71.60M | 85.10M | 61.00M | 75.00M |
| Other Long-Term Liabilities | 190.60M | 206.20M | 57.40M | 61.70M | 50.00M | 58.70M |
| Total Liabilities | 3.01B | 3.05B | 1.03B | 1.17B | 797.70M | 908.00M |
| Common Stock | 72.30M | 71.30M | 47.20M | 46.90M | 41.40M | 42.60M |
| Additional Paid-In Capital | 1.18B | 1.17B | 201.50M | 201.60M | 49.10M | 39.20M |
| Retained Earnings | 551.40M | 590.40M | 599.60M | 523.60M | 534.00M | 514.60M |
| Comprehensive Income & Other | -2.90M | 3.60M | -8.20M | -10.70M | -8.00M | -6.80M |
| Total Common Equity | 1.81B | 1.84B | 840.10M | 761.40M | 616.50M | 589.60M |
| Minority Interest | 300.00K | 300.00K | 300.00K | 300.00K | ||
| Shareholders' Equity | 1.81B | 1.84B | 840.40M | 761.70M | 616.80M | 589.90M |
| Total Liabilities & Equity | 4.82B | 4.88B | 1.88B | 1.93B | 1.41B | 1.50B |
| Total Debt | 1.64B | 1.59B | 496.80M | 578.00M | 300.70M | 274.60M |
| Net Cash (Debt) | -1.54B | -1.38B | -470.20M | -543.50M | -281.30M | -220.90M |
| Net Cash Per Share | -25.16 | -28.18 | -9.69 | -11.97 | -6.67 | -5.02 |
| Filing Date Shares Outstanding | 72.18M | 71.27M | 47.02M | 46.89M | 41.41M | 42.34M |
| Total Common Shares Outstanding | 72.18M | 71.30M | 47.20M | 46.90M | 41.40M | 42.58M |
| Working Capital | 375.00M | 272.60M | 44.70M | 72.20M | 74.10M | 17.10M |
| Book Value Per Share | 25.01 | 25.74 | 17.80 | 16.23 | 14.89 | 13.85 |
| Tangible Book Value | 12.60M | 133.00M | 215.80M | 109.50M | 176.70M | 118.10M |
| Tangible Book Value Per Share | 0.17 | 1.87 | 4.57 | 2.33 | 4.27 | 2.77 |
| Land | 84.10M | 99.10M | 58.50M | 58.90M | 30.80M | 30.90M |
| Buildings | 533.60M | 529.10M | 407.90M | 406.80M | 275.40M | 294.50M |
| Machinery | 1.09B | 1.13B | 685.90M | 705.80M | 602.60M | 593.60M |
| Construction In Progress | 55.10M | 58.50M | 25.90M | 22.20M | 34.20M | 29.70M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 4.30M | 54.20M | 139.50M | 49.20M | 123.90M | 59.80M |
| Depreciation & Amortization | 171.00M | 88.40M | 87.40M | 73.30M | 59.80M | 59.50M |
| Other Amortization | 27.00M | 18.70M | 20.40M | 21.60M | 24.40M | 23.60M |
| Loss (Gain) From Sale of Assets | 200.00K | 6.60M | -50.40M | |||
| Asset Writedown & Restructuring Costs | 22.90M | 7.70M | 31.50M | 6.20M | 5.80M | |
| Stock-Based Compensation | 42.30M | 24.70M | 17.40M | 16.50M | 9.00M | 12.90M |
| Other Operating Activities | 98.10M | 50.00M | -7.50M | 5.50M | -11.30M | 4.90M |
| Change in Other Net Operating Assets | -76.70M | 26.00M | -30.50M | 69.90M | -80.40M | -34.90M |
| Operating Cash Flow | 200.60M | 276.30M | 226.70M | 267.50M | 81.20M | 131.60M |
| Capital Expenditures | -97.90M | -65.80M | -50.60M | -78.10M | -60.00M | -53.50M |
| Sale of Property, Plant & Equipment | 15.00M | |||||
| Cash Acquisitions | -390.30M | -390.30M | -369.70M | -11.40M | -44.60M | |
| Divestitures | -400.00K | 8.10M | 2.70M | 69.50M | ||
| Sale (Purchase) of Intangibles | -3.40M | -2.00M | -2.30M | -1.00M | -8.40M | -13.10M |
| Investment in Securities | -33.00M | 2.00M | 1.50M | -300.00K | -500.00K | -100.00K |
| Other Investing Activities | 4.70M | 4.10M | 400.00K | 1.60M | 100.00K | 300.00K |
| Investing Cash Flow | -505.30M | -443.90M | -51.00M | -444.80M | -10.70M | -111.00M |
| Long-Term Debt Issued | 1.30B | 328.20M | 684.00M | 413.90M | 5.00M | |
| Long-Term Debt Repaid | -782.50M | -420.60M | -436.00M | -401.60M | -2.60M | |
| Net Debt Issued (Repaid) | 492.90M | 514.20M | -92.40M | 248.00M | 12.30M | 2.40M |
| Issuance of Common Stock | 3.40M | 3.80M | 51.20M | 2.30M | 4.70M | 31.10M |
| Repurchase of Common Stock | -33.20M | -96.90M | -73.40M | -300.00K | -65.20M | -59.20M |
| Common Dividends Paid | -83.30M | -63.10M | -63.60M | -58.50M | -53.20M | -53.80M |
| Other Financing Activities | 5.50M | 5.10M | -4.00M | -2.70M | -4.00M | -5.00M |
| Financing Cash Flow | 385.30M | 363.10M | -182.20M | 188.80M | -105.40M | -84.50M |
| Miscellaneous Cash Flow Adjustments | -100.00K | 100.00K | 100.00K | |||
| Net Cash Flow | 80.60M | 195.40M | -6.40M | 11.50M | -34.80M | -63.90M |
| Free Cash Flow | 102.70M | 210.50M | 176.10M | 189.40M | 21.20M | 78.10M |
| Free Cash Flow Margin | 2.34% | 7.41% | 6.97% | 7.78% | 0.90% | 3.57% |
| Free Cash Flow Per Share | 1.68 | 4.30 | 3.63 | 4.17 | 0.50 | 1.77 |
| Levered Free Cash Flow | 104.21M | 156.85M | 168.72M | 135.57M | 11.79M | 63.23M |
| Unlevered Free Cash Flow | 146.90M | 179.10M | 185.72M | 151.51M | 17.29M | 67.72M |
| Cash Interest Paid | 25.30M | 25.30M | 28.70M | 26.50M | 9.20M | 7.60M |
| Cash Income Tax Paid | 23.80M | 23.80M | 46.50M | 25.00M | 31.10M | 26.40M |
| Change in Working Capital | -165.20M | 26.00M | -30.50M | 69.90M | -80.40M | -34.90M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.54B | 3.02B | 2.43B | 1.95B | 1.18B | 1.83B |
| Enterprise Value | 5.07B | 3.46B | 2.87B | 2.57B | 1.47B | 1.98B |
| Last Close Price | 49.02 | 41.50 | 48.06 | 38.46 | 25.11 | 35.82 |
| PE Ratio | 721.83 | 55.79 | 17.43 | 39.60 | 9.49 | 30.63 |
| Forward PE | 11.33 | 11.04 | 16.03 | 15.77 | 18.95 | 19.23 |
| PS Ratio | 0.81 | 1.06 | 0.96 | 0.80 | 0.50 | 0.84 |
| PB Ratio | 1.96 | 1.65 | 2.89 | 2.56 | 1.91 | 3.10 |
| P/TBV Ratio | 280.82 | 22.74 | 11.27 | 17.79 | 6.66 | 15.51 |
| P/FCF Ratio | 34.45 | 14.37 | 13.81 | 10.29 | 55.47 | 23.45 |
| P/OCF Ratio | 17.64 | 10.94 | 10.72 | 7.28 | 14.48 | 13.92 |
| PEG Ratio | 0.76 | 0.55 | 1.34 | 1.31 | 2.37 | 1.92 |
| EV/Sales Ratio | 1.16 | 1.22 | 1.14 | 1.06 | 0.62 | 0.91 |
| EV/EBITDA Ratio | 11.31 | 10.47 | 9.41 | 10.27 | 8.14 | 12.44 |
| EV/EBIT Ratio | 18.28 | 14.30 | 13.19 | 14.51 | 12.19 | 19.89 |
| EV/FCF Ratio | 49.41 | 16.41 | 16.31 | 13.58 | 69.16 | 25.31 |
| Debt / Equity Ratio | 0.91 | 0.87 | 0.59 | 0.76 | 0.49 | 0.47 |
| Debt / EBITDA Ratio | 3.38 | 4.35 | 1.47 | 2.04 | 1.44 | 1.48 |
| Debt / FCF Ratio | 16.01 | 7.57 | 2.82 | 3.05 | 14.18 | 3.52 |
| Net Debt / Equity Ratio | 0.85 | 0.75 | 0.56 | 0.71 | 0.46 | 0.37 |
| Net Debt / EBITDA Ratio | 3.42 | 4.17 | 1.54 | 2.17 | 1.56 | 1.39 |
| Net Debt / FCF Ratio | 14.96 | 6.55 | 2.67 | 2.87 | 13.27 | 2.83 |
| Asset Turnover | 1.30 | 0.84 | 1.33 | 1.46 | 1.62 | 1.50 |
| Inventory Turnover | 7.14 | 4.96 | 7.61 | 7.88 | 8.39 | 8.89 |
| Quick Ratio | 0.72 | 0.69 | 0.58 | 0.61 | 0.60 | 0.58 |
| Current Ratio | 1.36 | 1.24 | 1.09 | 1.16 | 1.19 | 1.03 |
| Return on Equity (ROE) | 0.33% | 4.05% | 17.41% | 7.14% | 20.54% | 10.13% |
| Return on Assets (ROA) | 5.16% | 4.47% | 7.16% | 6.63% | 5.16% | 4.26% |
| Return on Invested Capital (ROIC) | 1.40% | 6.38% | 12.96% | 12.22% | 11.92% | 9.87% |
| Return on Capital Employed (ROCE) | 7.30% | 6.50% | 15.60% | 12.10% | 11.80% | 10.00% |
| Earnings Yield | 0.14% | 1.79% | 5.74% | 2.53% | 10.54% | 3.26% |
| FCF Yield | 2.90% | 6.96% | 7.24% | 9.72% | 1.80% | 4.26% |
| Dividend Yield | 2.86% | 3.18% | 2.54% | 3.08% | 4.47% | 2.87% |
| Payout Ratio | 2,061.52% | 116.42% | 45.59% | 118.90% | 42.94% | 89.97% |
| Buyback Yield / Dilution | -26.66% | -0.83% | -6.83% | -7.58% | 4.09% | -2.33% |
| Total Shareholder Return | -23.80% | 2.36% | -4.29% | -4.50% | 8.56% | 0.55% |