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Stock research / United States / HNI · Office Furniture (No Wood) · NYSE

HNI Corp. (HNI)

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HNI Corp. (HNI) reported revenue of $1.5 billion for Q2 FY2026, the quarter ended 4 July 2026, up 120.7% on the same quarter a year earlier. Net income was $51 million, up 6.0% on the year, and diluted earnings per share $0.70. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$1.5 billionup 120.7%
Net income$51 millionup 6.0%
Diluted EPS$0.70
QuarterQ2 FY2026ended 4 July 2026

HNI (HNI) in brief

HNI (HNI) reported revenue of $2.8 billion for fiscal 2025, the year ended 3 January 2026, up 12.4% on the year before.
Read moreNet income was $54 million and diluted earnings per share $1.11. Revenue was $2.5 billion in fiscal 2024, $2.4 billion in fiscal 2023, $2.4 billion in fiscal 2022 and $2.2 billion in fiscal 2021. Net income in the same years was $140 million, $49 million, $124 million and $60 million. Over the twelve months to 4 July 2026, HNI reported revenue of $4.4 billion and net income of $4 million. Revenue grew 7.7% a year, compounded, over the five years to fiscal 2025. HNI declared $1.35 a share in dividends over the last four quarters and had 72 million shares outstanding at the latest filed count. At 4 July 2026 it carried $1.4 billion of debt and $105 million of cash. At the close of 9 October 2026 the market cap of HNI was $3.4 billion.

Ratios

From the filings

ROE0.2%
ROCE2.8%
Operating margin2.0%
Net margin0.1%
FCF marginn/a
Interest covern/a
Debt to equity0.76
Cash conversionn/a
Share count, 1 year57.6%
Sales CAGR, 3 years6.3%
Profit CAGR, 3 years-24.1%
EPS, TTM-$0.05

At the close of 9 October 2026

Price$46.89
Market cap$3.4 billion
Stock P/En/a
Price to book1.87
EV / EBITDA16.21
Dividend yield2.9%
Market cap / sales0.77
52-week high$52.55
52-week low$29.25
Price, 1 year5.9%
Price CAGR, 3 years9.1%
Price CAGR, 5 years4.4%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as HNI Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
HNIgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on HNI

Filings26 in twelve months: 16 current reports (8-K), about 4 results of operations; 4 regulation FD disclosure; 3 other events; 3 material agreement; 3 new financial obligation
Planned insider sales8 Form 144 notices in twelve months, $5.9 million; latest 22 September 2026
Options tapeput/call 0.01 by open interest at the 9 October 2026 close; the straddle prices a 4.8% move to 16 October 2026
13F holders4 of the followed funds hold it; largest FMR LLC; 8 Schedule 13D or 13G filings in twelve months
Insider trading10 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.3 million shares short, 6.97 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue7126805886246726426006676848881,3481,472
Cost of revenue426407355362393382361381396525848825
Gross profit285273233261279260238286288363500647
Gross margin40%40%40%42%41%41%40%43%42%41%37%44%
SG&A223211203206208203208216223291515533
Operating income56.830.729.753.468.954.524.468.264.6-31.2-36.492.1
Operating margin8%5%5%9%10%8%4%10%9%-4%-3%6%
Pre-tax income47.422.622.046.061.849.518.962.057.4-47.5-55.671.2
Tax rate20%0%20%22%23%23%26%22%28%n/an/a28%
Net income37.822.617.736.047.538.313.948.241.2-49.1-38.851.1
Net margin5%3%3%6%7%6%2%7%6%-6%-3%3%
Diluted EPS$0.80$0.48$0.37$0.75$0.98$0.79$0.29$1.02$0.88-$1.08-$0.55$0.70
Operating cash flow123105-4.351.312851.212.6n/a155n/a-172140
Capital expenditure21.616.411.217.514.59.716.315.019.616.935.7n/a
Free cash flow10188.6-15.533.811441.5-3.7n/a136n/a-208n/a
Buybacks0.00.32.610.811.441.040.4n/a3.8n/a0.00.0
Dividends paid14.915.016.615.515.815.716.2n/a15.6n/a26.625.5
Shares outstanding47m47m47m47m48m47m72m46m46m71m72m72m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023 †FY2024 †FY2025TTM
Revenue2,2232,3042,2032,1762,2582,2471,9552,1842,3622,4342,5262,8394,392
Cost of revenue1,4381,4571,3681,3921,4231,4131,2341,4271,5271,4861,4931,6632,593
Gross profit7848478357848358347217578359481,0331,1761,799
Gross margin35.3%36.8%37.9%36.0%37.0%37.1%36.9%34.7%35.4%39.0%40.9%41.4%41.0%
Research and development29.731.128.131.833.434.735.339.447.847.253.656.6n/a
Selling, general and administrative6496726686726916806216667237728219371,562
Operating income11316413476.712815161.485.415590.320612689.1
Operating margin5.1%7.1%6.1%3.5%5.7%6.7%3.1%3.9%6.6%3.7%8.2%4.4%2.0%
Interest expense8.36.95.16.19.48.67.07.2n/an/an/an/an/a
Pre-tax income10515712970.611914354.478.314664.817990.825.5
Income tax43.851.843.3-19.325.432.212.518.522.515.639.836.521.0
Effective tax rate41.7%32.9%33.6%-27.3%21.4%22.6%23.0%23.6%15.4%24.1%22.2%40.2%82.4%
Net income61.510585.689.893.411141.959.812449.214054.24.4
Net margin2.8%4.6%3.9%4.1%4.1%4.9%2.1%2.7%5.2%2.0%5.5%1.9%0.1%
Diluted EPS$1.35$2.32$1.88$2.00$2.11$2.54$0.98$1.36$2.94$1.09$2.88$1.11-$0.05
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2026Share
latest year
Workplace Furnishings1,7401,8882,16476.2%
Residential Building Products69463867523.8%
Workplace FurnishingsResidential Building Products
2,434FY20232,526FY20242,839FY2026

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015FY2016FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023 †FY2024 †FY2025TTM
Operating cash flow16817322313318621921413281.2268227276n/a
Capital expenditure74.382.693.410963.766.941.866.568.479.152.967.8n/a
Free cash flow93.590.713023.912315217365.112.8188174208n/a
Free cash flow margin4.2%3.9%5.9%1.1%5.4%6.8%8.8%3.0%0.5%7.7%6.9%7.3%n/a
Cash from investing-154-113-153-118-41.2-62.9-100-111-10.7-445-51.0-444n/a
Cash from financing-44.5-66.1-62.6-28.1-91.7-181-50.0-84.5-105189-182363n/a
Depreciation and amortisation56.757.668.972.974.877.477.783.184.294.9108107198
Share-based compensation8.69.18.17.87.36.87.812.99.016.517.424.742.3
Buybacks67.926.755.857.530.583.96.859.265.20.365.883.6n/a
Dividends paid44.346.348.549.651.152.252.153.853.258.563.663.1n/a
Dividend per share$0.99$1.04$1.09$1.13$1.17$1.21$1.22$1.24$1.27$1.28$1.31$1.35n/a
Diluted shares, weighted46m45m46m45m44m43m43m44m42m45m48m49m72m
Shares outstanding at period end44m44m44m43m44m43m43m43m41m47m47m71m72m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015FY2016FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity4154775015145635845905906167618401,8361,805
Non-controlling interest-0.10.30.40.50.30.30.30.30.30.30.30.0n/a
Debt1981902142772501751751781904363451,2931,375
Operating lease liabilitiesn/an/an/an/an/a58.253.263.878.9104110225191
Finance lease liabilitiesn/an/an/an/an/a1.64.57.47.77.98.97.37.9
Other liabilities6275966156005896335946595216195721,5241,438
Total liabilities and equity1,2391,2641,3301,3921,4021,4531,4181,4981,4141,9291,8754,8854,818
Owned
Fixed assets3113413563903853823663673525555301,1371,025
Goodwill279278291280271271292297306441442958833
Intangible assets141153183182164146140148118162133426626
Investments12.312.312.312.512.014.215.115.814.324.927.936.710.9
Cash and equivalents34.128.536.323.376.852.111652.317.428.920.2209105
Receivables240243229259255278208240218247n/an/an/a
Inventory122125118156157163138182180197194475499
Other assets99.582.510489.581.21461431972082735281,6431,719
Total assets1,2391,2641,3301,3921,4021,4531,4181,4981,4141,9291,8754,8854,818
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded2.1%7.7%6.3%70.1%
Profit growth, compounded-6.4%5.3%-24.1%-97.0%
Return on equity, average13.3%11.3%8.7%3.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was HNI's revenue in fiscal 2025?

HNI (HNI) reported revenue of $2.8 billion for fiscal 2025, the year ended 3 January 2026, up 12.4% on the year before.

How much did HNI earn in fiscal 2025?

Net income was $54 million for fiscal 2025, and diluted earnings per share $1.11.

What is HNI's market cap?

The market cap of HNI was $3.4 billion at the close of 9 October 2026.

Does HNI pay a dividend?

Yes. HNI declared $1.35 a share in dividends over the four quarters to 4 July 2026.

How much debt does HNI have?

At 4 July 2026 HNI carried $1.4 billion of debt and $105 million of cash.

Peers: Business Supplies

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Kimberly Clark Corp. KMB$32.5 billion16.60111.7%n/a0.7%3.705.2%
International Paper Co. IP$20.1 billionn/a-23.8%n/a25.4%0.575.8%
Avery Dennison Corp. AVY$12.7 billion18.3830.3%n/a5.8%1.372.2%
Reynolds Consumer Products Inc. REYN$4.6 billion13.4114.9%n/a2.7%0.664.2%
HNI Corp. HNI$3.4 billionn/a0.2%2.0%70.1%0.762.9%
Millerknoll, Inc. MLKN$1.4 billion14.827.2%5.2%1.2%0.943.6%
Sylvamo Corp. SLVM$1.3 billion17.378.0%5.3%-7.1%0.885.5%
No other company here shares its SEC industry code (Office Furniture (No Wood)); these are the names nearest in size in its wider industry, Business Supplies, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q4 July 20264 August 2026EDGAR
10-Q4 April 20266 May 2026EDGAR
10-K3 January 20263 March 2026EDGAR
10-Q27 September 20255 November 2025EDGAR
10-Q28 June 202529 July 2025EDGAR
10-Q29 March 20257 May 2025EDGAR
10-K28 December 202425 February 2025EDGAR
10-Q28 September 202429 October 2024EDGAR
10-Q29 June 202430 July 2024EDGAR
10-Q30 March 202430 April 2024EDGAR

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