HNI HNI Corporation Common Stock

NYSE · Commercial Services & Supplies · View on SEC EDGAR ↗

$41.43

Price · Jul 2, 2026

Fundamentals as of May 6, 2026

HNI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$41.43

Market Cap

$3.04B

P/E (TTM)

38.4

EPS (TTM)

$1.11

Revenue (TTM)

$2.84B

Div Yield

2.1%

ROE

4.0%

Debt/Equity

0.7

52W Range

$29 – $53

HNI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $2.84B

2016-12-31 → 2026-01-03

EPS $1.11

2016-12-31 → 2026-01-03

Free Cash Flow $208M

2016-12-31 → 2026-01-03

Margins 1.9%

2016-12-31 → 2026-01-03

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

HNI

Peer Median

P/E (TTM)

38.4

18.4

P/S (TTM)

1.1

0.9

P/B

1.7

1.4

EV / EBITDA

17.6

—

Price / FCF

14.6

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

HNI

Peer Median

Gross Margin

41.4%

39.8%

Operating Margin

4.4%

—

Net Profit Margin

1.9%

2.3%

ROA

1.6%

2.0%

ROE

4.0%

5.2%

ROIC

2.4%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

HNI

Peer Median

Debt / Equity

0.7

53.3

Current Ratio

1.2

2.0

Quick Ratio

0.2

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

HNI

Peer Median

Revenue YoY

12.4%

—

Revenue CAGR 3Y

6.3%

—

Revenue CAGR 5Y

7.7%

—

EPS YoY

-61.5%

—

Net Income YoY

-61.2%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

HNI

Peer Median

EPS (Diluted)

$1.11

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

HNI

Peer Median

Payout Ratio

116.4%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

2.1%

Payout Ratio

116.4%

5Y Div CAGR

—

Ex-date	Amount
May 29, 2026	$0.3500
March 2, 2026	$0.3400
Nov. 17, 2025	$0.3400
Aug. 22, 2025	$0.3400
May 23, 2025	$0.3400
Feb. 24, 2025	$0.3300
Nov. 18, 2024	$0.3300
Aug. 23, 2024	$0.3300
May 23, 2024	$0.3300
Feb. 23, 2024	$0.3200
Nov. 17, 2023	$0.3200
Aug. 24, 2023	$0.3200
June 8, 2023	$0.3200
Feb. 24, 2023	$0.3200
Nov. 18, 2022	$0.3200
Aug. 25, 2022	$0.3200
May 26, 2022	$0.3200
Feb. 25, 2022	$0.3100
Nov. 19, 2021	$0.3100
Aug. 19, 2021	$0.3100

HNI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 6 analysts

Strong Buy 1 16.7%
Buy 4 66.7%
Hold 1 16.7%
Sell 0 0.0%
Strong Sell 0 0.0%

12-Month Price Target

4 analysts · 2026-06-29

Median $69.00

← Below all targets $41.43

Low $65.00

High $73.00

Median target $69.00 +66.5%

Mean target $69.00 +66.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.06%

Next Report

Jul 22, 2026

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$0.34	$0.29	0.05%
Dec. 31, 2025	$0.83	$0.92	-0.09%
Sept. 30, 2025	$1.10	$1.08	0.02%
June 30, 2025	$1.11	$0.86	0.25%
March 31, 2025	$0.44	$0.34	0.10%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
HNI	$3.04B	38.4	12.4%	1.9%	4.0%	41.4%
MSA	$6.23B	22.6	3.7%	14.9%	22.2%	46.5%
PBI	$1.59B	12.6	-6.6%	7.6%	-21.6%	—
TILE	$1.65B	14.5	5.4%	8.4%	19.1%	38.8%
MLKN	$1.14B	-31.2	1.1%	-1.0%	-2.9%	38.8%
ACCO	$336M	8.5	-8.5%	2.7%	6.3%	32.8%
NL	$267M	-7.1	8.5%	-23.9%	-10.0%	30.4%
VIRC	$110M	43.7	-25.0%	1.3%	2.3%	40.7%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 17

Annual Income Statement data for HNI
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
Revenue	$2.84B	$2.53B	$2.43B	$2.36B	$2.18B	$1.96B	$2.25B	$2.26B	$2.18B	$2.20B	$2.30B	$2.22B
Cost of Revenue	$1.66B	$1.49B	$1.49B	$1.53B	$1.43B	$1.23B	$1.41B	$1.42B	$1.39B	$1.37B	$1.46B	$1.44B
Gross Profit	$1.18B	$1.03B	$948M	$835M	$757M	$721M	$834M	$835M	$784M	$835M	$847M	$784M
R&D Expense	$57M	$54M	$47M	$48M	$39M	$35M	$35M	$33M	$32M	$28M	$31M	$30M
SG&A Expense	$937M	$821M	$772M	$723M	$666M	$621M	$680M	$691M	$672M	$668M	$672M	$649M
Operating Income	$126M	$206M	$90M	$155M	$85M	$61M	$151M	$128M	$77M	$134M	$164M	$113M
Interest Expense	·	·	·	·	$7M	$7M	$9M	$9M	$6M	$5M	$7M	$8M
Interest Income	·	·	·	·	·	·	·	$579.0K	$297.0K	$305.0K	$395.0K	$418.0K
Other Non-op	$400.0K	$0	$0	·	·	·	·	·	·	·	·	·
Pretax Income	$91M	$179M	$65M	$146M	$78M	$54M	$143M	$119M	$71M	$129M	$157M	$105M
Income Tax	$36M	$40M	$16M	$22M	$18M	$12M	$32M	$25M	$-19M	$43M	$52M	$44M
Net Income	$54M	$140M	$49M	$124M	$60M	$42M	$111M	$93M	$90M	$86M	$105M	$61M
EPS (Basic)	$1.13	$2.95	$1.11	$2.97	$1.38	$0.98	$2.56	$2.14	$2.05	$1.93	$2.38	$1.37
EPS (Diluted)	$1.11	$2.88	$1.09	$2.94	$1.36	$0.98	$2.54	$2.11	$2.00	$1.88	$2.32	$1.35
Shares (Basic)	47,900,000	47,400,000	44,500,000	41,700,000	43,400,000	42,700,000	43,101,000	43,639,000	43,839,000	44,413,941	44,285,000	44,759,716
Shares (Diluted)	48,900,000	48,500,000	45,400,000	42,200,000	44,000,000	43,000,000	43,495,000	44,328,000	44,840,000	45,502,219	45,440,653	45,578,872
EBITDA	$233M	$314M	$185M	$239M	$169M	$139M	$229M	$203M	$150M	$203M	$221M	$170M

Balance Sheet 27

Annual Balance Sheet data for HNI
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
Cash & Equivalents	$209M	$20M	$29M	$17M	$52M	$116M	$52M	$77M	$23M	$36M	$29M	$34M
Short-term Investments	$6M	$6M	$6M	$2M	$1M	$2M	$1M	$1M	$2M	$2M	$4M	$3M
Receivables	·	·	$247M	$218M	$240M	$208M	$278M	$255M	$259M	$229M	$243M	$240M
Inventory	$475M	$194M	$197M	$180M	$182M	$138M	$163M	$157M	$156M	$118M	$125M	$122M
Prepaid Expense	$151M	$55M	$61M	$54M	$51M	$38M	$38M	$41M	$49M	$47M	$37M	$39M
Current Assets	$1.41B	$522M	$536M	$469M	$524M	$496M	$529M	$532M	$489M	$433M	$438M	$456M
PP&E (Net)	$1.14B	$530M	$555M	$352M	$367M	$366M	$382M	$385M	$390M	$356M	$341M	$311M
PP&E (Gross)	$1.82B	$1.18B	$1.19B	$943M	$949M	$920M	$927M	$913M	$931M	$891M	$874M	$846M
Accum. Depreciation	$678M	$649M	$638M	$590M	$582M	$554M	$546M	$528M	$541M	$534M	$533M	$535M
Goodwill	$958M	$442M	$441M	$306M	$297M	$292M	$271M	$271M	$280M	$291M	$278M	$279M
Intangibles	$426M	$133M	$162M	$118M	$148M	$140M	$146M	$164M	$182M	$183M	$153M	$141M
Other Non-current Assets	$348M	$63M	$58M	$53M	$43M	$21M	$21M	$20M	$21M	$29M	$207M	$193M
Total Assets	$4.88B	$1.88B	$1.93B	$1.41B	$1.50B	$1.42B	$1.45B	$1.40B	$1.39B	$1.33B	$1.26B	$1.24B
Accounts Payable	$1.02B	$391M	$419M	$368M	$474M	$414M	$453M	$429M	$450M	$425M	$424M	$454M
Current Liabilities	$1.14B	$478M	$464M	$395M	$506M	$439M	$479M	$434M	$490M	$463M	$436M	$457M
Capital Leases	$225M	$110M	$104M	$79M	$64M	$53M	$58M	·	·	·	·	$0
Deferred Tax	$181M	$72M	$85M	$61M	$75M	$75M	$87M	$82M	$77M	$111M	$89M	$89M
Other Non-current Liabilities	$220M	$73M	$78M	$66M	$81M	$81M	$68M	$73M	$70M	$75M	$77M	$80M
Total Liabilities	$3.05B	$1.03B	$1.17B	$798M	$908M	$827M	·	·	·	·	·	·
Long-term Debt	$1.29B	$345M	$436M	$190M	$178M	$175M	$175M	$250M	$277M	$214M	$190M	$198M
Total Debt	$1.29B	$345M	$436M	$190M	$178M	$175M	$175M	$250M	$277M	$214M	$190M	$198M
Common Stock	$71M	$47M	$47M	$41M	$43M	$43M	$43M	$44M	$43M	$44M	$44M	$44M
Retained Earnings	$590M	$600M	$524M	$534M	$515M	$518M	$530M	$505M	$467M	$462M	$434M	$375M
AOCI	$4M	$-8M	$-11M	$-8M	$-7M	$-9M	$-8M	$-4M	$-4M	$-5M	$-5M	$-5M
Stockholders' Equity	$1.84B	$840M	$761M	$616M	$590M	$590M	$584M	$563M	$514M	$501M	$477M	$415M
Liabilities + Equity	$4.88B	$1.88B	$1.93B	$1.41B	$1.50B	$1.42B	$1.45B	$1.40B	$1.39B	$1.33B	$1.26B	$1.24B
Shares Outstanding	71,300,000	47,200,000	46,900,000	41,400,000	42,600,000	42,919,000	42,595,000	43,582,000	43,354,000	44,079,000	44,158,000	44,166,000

Cash Flow 20

Annual Cash Flow data for HNI
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
D&A	$107M	$108M	$95M	$84M	$83M	$78M	$77M	$75M	$73M	$69M	$58M	$57M
Stock-based Comp	$25M	$17M	$16M	$9M	$13M	$8M	$7M	$7M	$8M	$8M	$9M	$9M
Deferred Tax	$34M	$-13M	$-1M	$-16M	$-400.0K	$-12M	$6M	$4M	$-33M	$19M	$17M	$15M
Amort. of Intangibles	$12M	$10M	$8M	$6M	$6M	$5M	$6M	$7M	$7M	$7M	$8M	$7M
Restructuring	·	·	·	·	·	$0	$2M	$2M	$6M	$5M	$551.0K	$4M
Other Non-cash	$80M	$-44M	$184M	$-193M	$-83M	$123M	$15M	$-4M	$-34M	$59M	$1M	$41M
Operating Cash Flow	$276M	$227M	$268M	$81M	$132M	$214M	$219M	$186M	$133M	$223M	$173M	$168M
CapEx	$68M	$53M	$79M	$68M	$66M	$42M	$67M	$64M	$127M	$120M	$83M	$74M
Investing Cash Flow	$-444M	$-51M	$-445M	$-11M	$-111M	$-100M	$-63M	$-41M	$-118M	$-153M	$-113M	$-154M
Debt Issued	$1.30B	$328M	$684M	$414M	$5M	$83M	$141M	$323M	$339M	$612M	$448M	$283M
Net Debt Issued	$1.30B	$328M	$684M	$414M	$5M	$83M	$141M	$323M	$339M	$612M	$448M	$283M
Stock Issued	$4M	$51M	$2M	$5M	$31M	$8M	$30M	$20M	$14M	$22M	$12M	$18M
Stock Repurchased	$84M	$66M	$300.0K	$65M	$59M	$7M	$84M	$30M	$58M	$56M	$27M	$68M
Net Stock Activity	$-80M	$-15M	$2M	$-60M	$-28M	$1M	$-53M	$-11M	$-43M	$-34M	$-14M	$-49M
Dividends Paid	$63M	$64M	$58M	$53M	$54M	$52M	$52M	$51M	$50M	$48M	$46M	$44M
Financing Cash Flow	$363M	$-182M	$189M	$-105M	$-84M	$-50M	$-181M	$-92M	$-28M	$-63M	$-66M	$-44M
Net Change in Cash	$195M	$-6M	$12M	$-35M	$-64M	$64M	$-25M	$53M	$-13M	$8M	$-6M	$-31M
Taxes Paid	$24M	$46M	$25M	·	·	·	·	·	·	·	·	·
Free Cash Flow	$208M	$174M	$188M	$13M	$65M	$173M	$152M	$123M	$24M	$130M	$91M	$93M
Levered FCF	·	·	·	·	$60M	$167M	$146M	$115M	$16M	$127M	$86M	$89M

Profitability 8

Annual Profitability data for HNI
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
Gross Margin	41.4%	40.9%	39.0%	35.4%	34.7%	36.9%	37.1%	37.0%	36.0%	37.9%	36.8%	35.3%
Operating Margin	4.4%	8.2%	3.7%	6.6%	3.9%	3.1%	6.7%	5.7%	3.5%	6.1%	7.1%	5.1%
Net Margin	1.9%	5.5%	2.0%	5.2%	2.7%	2.1%	4.9%	4.1%	4.1%	3.9%	4.6%	2.8%
Pretax Margin	3.2%	7.1%	2.7%	6.2%	3.6%	2.8%	6.3%	5.3%	3.2%	5.9%	6.8%	4.7%
EBITDA Margin	8.2%	12.4%	7.6%	10.1%	7.7%	7.1%	10.2%	9.0%	6.9%	9.2%	9.6%	7.6%
ROA	1.6%	7.3%	2.9%	8.5%	4.1%	2.9%	7.7%	6.7%	6.6%	6.6%	8.4%	5.2%
ROE	4.0%	17.4%	7.1%	20.5%	10.1%	7.1%	19.3%	17.3%	17.7%	17.5%	23.6%	14.4%
ROIC	2.4%	13.6%	5.7%	16.3%	8.5%	6.2%	15.4%	12.4%	12.3%	12.4%	16.4%	10.7%

Liquidity & Solvency 5

Annual Liquidity & Solvency data for HNI
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
Current Ratio	1.2	1.1	1.2	1.2	1.0	1.1	1.1	1.2	1.0	0.9	1.0	1.0
Quick Ratio	0.2	0.1	0.6	0.6	0.6	0.7	0.7	0.8	0.6	0.6	0.6	0.6
Debt / Equity	0.7	0.4	0.6	0.3	0.3	0.3	0.3	0.4	0.5	0.4	0.4	0.5
LT Debt / Equity	0.7	0.4	0.6	0.3	0.3	0.3	0.3	0.4	0.5	0.4	0.4	0.5
Interest Coverage	·	·	·	·	11.9	8.8	17.5	12.8	12.0	26.3	23.7	13.5

Efficiency 3

Annual Efficiency data for HNI
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
Asset Turnover	0.8	1.3	1.5	1.6	1.5	1.4	1.6	1.6	1.6	1.7	1.8	1.9
Inventory Turnover	5.0	7.6	7.9	8.4	8.9	8.2	8.8	9.1	10.2	11.2	11.8	13.6
Receivables Turnover	·	·	10.5	10.3	9.8	8.0	8.5	8.8	8.9	9.3	9.5	9.5

Per Share 7

Annual Per Share data for HNI
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
Book Value / Share	$25.74	$17.80	$16.23	$14.89	$13.85	$13.76	$13.71	$12.92	$11.86	$11.36	$10.80	$9.39
Revenue / Share	$58.06	$52.09	$53.61	$55.97	$49.69	$45.52	$51.66	$50.94	$48.53	$48.43	$50.71	$48.77
Cash Flow / Share	$5.65	$4.67	$5.89	$1.92	$2.99	$4.99	$5.04	$4.21	$2.97	$4.91	$3.81	$3.68
Cash / Share	$2.93	$0.48	$0.62	$0.42	$1.23	$2.71	$1.22	$1.76	$0.54	$0.82	$0.65	$0.77
Dividend / Share	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1
Dividend Paid / Share	·	·	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1
EPS (TTM)	$1.11	$2.88	$1.09	$2.94	$1.36	$0.98	$2.54	$2.11	$2.00	$1.88	$2.32	$1.35

Growth Rates 10

Annual Growth Rates data for HNI
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
Revenue YoY	12.4%	3.8%	3.1%	8.1%	11.7%	·	·	·	·	·	·	·
Revenue CAGR 3Y	6.3%	5.0%	7.6%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	7.7%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	-61.5%	164.2%	-62.9%	116.2%	38.8%	·	·	·	·	·	·	·
EPS CAGR 3Y	-27.7%	28.4%	3.6%	·	·	·	·	·	·	·	·	·
EPS CAGR 5Y	2.5%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	-61.2%	183.5%	-60.3%	107.2%	42.7%	·	·	·	·	·	·	·
Net Income CAGR 3Y	-24.1%	32.6%	5.5%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	5.3%	·	·	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	3.9%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 17

Annual Valuation (TTM) data for HNI
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
Revenue TTM	$2.84B	$2.53B	$2.43B	$2.36B	$2.18B	$1.96B	$2.25B	$2.26B	$2.18B	$2.20B	$2.30B	$2.22B
Net Income TTM	$54M	$140M	$49M	$124M	$60M	$42M	$111M	$93M	$90M	$86M	$105M	$61M
Market Cap	$3.04B	$2.40B	$1.96B	$1.18B	$1.79B	$1.48B	$1.59B	$1.53B	$1.67B	$2.46B	$1.59B	$2.23B
Enterprise Value	$4.11B	$2.72B	$2.36B	$1.35B	$1.91B	$1.54B	$1.71B	$1.71B	$1.92B	$2.64B	$1.75B	$2.39B
P/E	38.4	17.7	38.4	9.7	30.9	35.2	14.7	16.7	19.3	29.7	15.5	37.4
P/S	1.1	1.0	0.8	0.5	0.8	0.8	0.7	0.7	0.8	1.1	0.7	1.0
P/B	1.7	2.9	2.6	1.9	3.0	2.5	2.7	2.7	3.3	4.9	3.3	5.4
P / Tangible Book	6.7	9.1	12.4	6.1	12.4	9.4	·	·	·	·	·	·
P / Cash Flow	11.0	10.6	7.3	14.5	13.6	6.9	7.3	8.2	12.6	11.0	9.2	13.3
P / FCF	14.6	13.8	10.4	92.0	27.5	8.6	10.4	12.5	69.9	19.0	17.5	23.9
EV / EBITDA	17.6	8.6	12.8	5.6	11.4	11.0	7.5	8.4	12.9	13.0	7.9	14.1
EV / FCF	19.7	15.6	12.5	105.3	29.4	8.9	11.2	13.9	80.5	20.3	19.3	25.6
EV / Revenue	1.4	1.1	1.0	0.6	0.9	0.8	0.8	0.8	0.9	1.2	0.8	1.1
Dividend Yield	2.1%	2.6%	3.0%	4.5%	3.0%	3.5%	3.3%	3.3%	3.0%	2.0%	2.9%	2.0%
Earnings Yield	2.6%	5.7%	2.6%	10.3%	3.2%	2.8%	6.8%	6.0%	5.2%	3.4%	6.4%	2.7%
Payout Ratio	116.4%	45.6%	118.9%	42.9%	89.9%	124.3%	47.3%	54.7%	55.2%	56.7%	43.9%	72.1%
Annual Payout	$63M	$64M	$58M	$53M	$54M	$52M	$52M	$51M	$50M	$48M	$46M	$44M

Income Statement 14

Quarterly Income Statement data for HNI
Metric	Q1 2026	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022
Revenue	$1.35B	$955M	$684M	$667M	$600M	$642M	$672M	$624M	$588M	$680M	$712M	$564M	$479M	$684M	$599M	$622M
Cost of Revenue	$848M	$552M	$396M	$381M	$361M	$382M	$393M	$362M	$355M	$407M	$426M	$348M	$305M	$446M	$389M	$401M
Gross Profit	$500M	$403M	$288M	$286M	$238M	$260M	$279M	$261M	$233M	$273M	$285M	$216M	$174M	$237M	$210M	$221M
SG&A Expense	$515M	$320M	$223M	$216M	$208M	$203M	$208M	$206M	$203M	$170M	$223M	$211M	$168M	$200M	$178M	$190M
Operating Income	$-36M	$-26M	$65M	$68M	$24M	$54M	$69M	$53M	$30M	$31M	$57M	$-4M	$6M	$82M	$82M	$30M
Other Non-op	$2M	·	·	·	$0	·	·	·	·	·	·	·	·	·	·	·
Pretax Income	$-56M	$-39M	$57M	$62M	$19M	$50M	$62M	$46M	$22M	$23M	$47M	$-9M	$4M	$79M	$80M	$28M
Income Tax	$-17M	$8M	$16M	$14M	$5M	$11M	$14M	$10M	$4M	$0	$10M	$4M	$2M	$15M	$16M	$-2M
Net Income	$-39M	$-47M	$41M	$48M	$14M	$38M	$48M	$36M	$18M	$23M	$38M	$-13M	$2M	$64M	$63M	$30M
EPS (Basic)	$-0.55	$-1.01	$0.90	$1.04	$0.30	$0.81	$1.00	$0.76	$0.38	$0.51	$0.81	$-0.30	$0.04	$1.56	$1.53	$0.73
EPS (Diluted)	$-0.55	$-0.99	$0.88	$1.02	$0.29	$0.78	$0.98	$0.75	$0.37	$0.49	$0.80	$-0.30	$0.04	$1.55	$1.51	$0.72
Shares (Basic)	71,600,000	-94,100,000	45,800,000	46,200,000	47,000,000	-94,600,000	47,700,000	47,200,000	47,100,000	700,000	46,600,000	43,300,000	41,500,000	-85,663,000	41,300,000	41,800,000
Shares (Diluted)	71,600,000	-96,100,000	46,700,000	47,100,000	48,000,000	-96,500,000	48,700,000	48,200,000	48,100,000	900,000	47,300,000	43,300,000	42,100,000	-86,884,000	41,800,000	42,400,000
EBITDA	$39M	·	$90M	$93M	$50M	·	$96M	$80M	$56M	·	$82M	$19M	$26M	·	$103M	$51M

Balance Sheet 26

Quarterly Balance Sheet data for HNI
Metric	Q1 2026	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022
Cash & Equivalents	$71M	$209M	$21M	$32M	$21M	$20M	$34M	$28M	$27M	·	$24M	$24M	$17M	·	$21M	$20M
Short-term Investments	$7M	$6M	$7M	$6M	$6M	$6M	$6M	$5M	$6M	·	$6M	$6M	$2M	·	$2M	$1M
Inventory	$490M	$475M	$194M	$216M	$205M	$194M	$210M	$223M	$212M	·	$229M	$235M	$191M	·	$222M	$227M
Prepaid Expense	$177M	$151M	$65M	$52M	$49M	$55M	$52M	$55M	$54M	·	$54M	$59M	$50M	·	$53M	$53M
Current Assets	$1.30B	$1.41B	$543M	$598M	$529M	$522M	$562M	$568M	$527M	·	$572M	$598M	$447M	·	$540M	$625M
PP&E (Net)	$1.05B	$1.14B	$513M	$515M	$519M	$530M	$540M	$548M	$552M	·	$560M	$580M	$355M	·	$349M	$346M
PP&E (Gross)	$1.76B	$1.82B	$1.17B	$1.16B	$1.16B	$1.18B	$1.20B	$1.20B	$1.20B	·	$1.18B	$1.19B	$956M	·	$944M	$930M
Accum. Depreciation	$707M	$678M	$659M	$648M	$639M	$649M	$657M	$656M	$653M	·	$624M	$613M	$601M	·	$595M	$584M
Goodwill	$835M	$958M	$442M	$442M	$442M	$442M	$442M	$442M	$442M	$441M	$496M	$493M	$306M	$306M	$306M	$306M
Intangibles	$652M	$426M	$113M	$119M	$126M	$133M	$140M	$147M	$155M	·	$164M	$193M	$111M	·	$130M	$136M
Other Non-current Assets	$334M	$348M	$64M	$62M	$62M	$63M	$61M	$62M	$62M	·	$60M	$60M	$53M	·	$54M	$55M
Total Assets	$4.77B	$4.88B	$1.84B	$1.91B	$1.86B	$1.88B	$1.91B	$1.94B	$1.91B	$1.93B	$2.02B	$2.08B	$1.38B	$1.41B	$1.50B	$1.59B
Accounts Payable	$820M	$1.02B	$372M	$371M	$349M	$391M	$431M	$391M	$364M	·	$451M	$439M	$326M	·	$435M	$423M
Current Liabilities	$936M	$1.14B	$409M	$411M	$444M	$478M	$514M	$474M	$408M	·	$502M	$489M	$353M	·	$460M	$492M
Capital Leases	$207M	$225M	$93M	$98M	$104M	$110M	$98M	$102M	$104M	·	$109M	$114M	$76M	·	$82M	$76M
Deferred Tax	$226M	$181M	$98M	$65M	$70M	$72M	$73M	$78M	$83M	·	$82M	$73M	$60M	·	$65M	$62M
Other Non-current Liabilities	$196M	$220M	$75M	$75M	$74M	$73M	$79M	$80M	$79M	·	$81M	$79M	$68M	·	$78M	$78M
Total Liabilities	$3.00B	$3.05B	$1.01B	$1.10B	$1.05B	$1.03B	$1.07B	$1.15B	$1.14B	·	$1.28B	$1.36B	$770M	·	$892M	$1.02B
Long-term Debt	$1.45B	$1.29B	$324M	$444M	$405M	$345M	$345M	$462M	$473M	·	$509M	$598M	$208M	·	$201M	$310M
Total Debt	$1.45B	·	$324M	$444M	$405M	·	$345M	$462M	$473M	·	$509M	·	·	·	·	·
Common Stock	·	$71M	·	·	·	$47M	·	·	·	·	·	·	·	·	·	·
Retained Earnings	·	$590M	·	·	·	$600M	·	·	·	·	·	·	·	·	·	·
AOCI	·	$4M	·	·	·	$-8M	·	·	·	·	·	·	·	·	·	·
Stockholders' Equity	$1.77B	$1.84B	$836M	$811M	$804M	$840M	$847M	$788M	$772M	·	$741M	$715M	$613M	·	$606M	$562M
Liabilities + Equity	$4.77B	$4.88B	$1.84B	$1.91B	$1.86B	$1.88B	$1.91B	$1.94B	$1.91B	·	$2.02B	$2.08B	$1.38B	·	$1.50B	$1.59B
Shares Outstanding	·	71,300,000	·	·	·	47,200,000	·	·	·	·	·	·	·	·	·	·

Cash Flow 17

Quarterly Cash Flow data for HNI
Metric	Q1 2026	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022
D&A	$75M	$27M	$25M	$25M	$26M	$28M	$27M	$26M	$26M	$27M	$26M	$23M	$20M	$21M	$21M	$21M
Stock-based Comp	$18M	$11M	$3M	$3M	$7M	$4M	$2M	$4M	$8M	$5M	$4M	·	$4M	$3M	$-1M	·
Amort. of Intangibles	$26M	$4M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$2M	$2M	$2M	$1M	$2M	$2M
Restructuring	·	·	·	·	·	·	·	·	$100.0K	·	·	·	$0	·	·	·
Other Non-cash	$-226M	·	·	·	$-72M	·	·	·	$-104M	·	·	·	$-19M	·	·	·
Operating Cash Flow	$-172M	$101M	$155M	$31M	$13M	$51M	$128M	$51M	$-4M	$105M	$123M	·	$17M	$47M	$-3M	·
CapEx	$36M	$25M	$20M	$15M	$16M	$10M	$14M	$18M	$11M	$16M	$22M	$21M	$20M	$16M	$16M	$15M
Investing Cash Flow	$-73M	$-402M	$-20M	$-6M	$-12M	$-9M	$-15M	$-16M	$-11M	$-17M	$-17M	·	$-20M	$-24M	$47M	·
Debt Issued	$188M	$1.03B	$64M	$164M	$129M	$66M	$34M	$110M	$119M	$59M	$53M	·	$97M	$92M	$318M	·
Net Debt Issued	$188M	·	·	·	$29M	·	·	·	$119M	·	·	·	$97M	·	·	·
Stock Issued	$700.0K	$-42M	$2M	$1M	$800.0K	$6M	$44M	$600.0K	$600.0K	$500.0K	$600.0K	·	$600.0K	$700.0K	$-25M	·
Stock Repurchased	$0	$59M	$4M	$39M	$40M	$41M	$11M	$11M	$3M	$300.0K	$0	·	$0	$0	$59M	·
Net Stock Activity	$700.0K	·	·	·	$-40M	·	·	·	$-2M	·	·	·	$600.0K	·	·	·
Dividends Paid	$27M	$15M	$16M	$16M	$16M	$16M	$16M	$16M	$17M	$15M	$15M	·	$14M	$13M	$13M	·
Financing Cash Flow	$107M	$492M	$-147M	$-15M	$-1M	$-54M	$-108M	$-34M	$13M	$-83M	$-105M	·	$2M	$-27M	$-77M	·
Net Change in Cash	$-138M	$190M	$-11M	$11M	$-1M	$-12M	$6M	$1M	$-2M	$5M	$600.0K	·	$-600.0K	$-4M	$-34M	·
Free Cash Flow	$-208M	·	·	·	$-4M	·	·	·	$-16M	·	·	·	$-3M	·	·	·

Profitability 8

Quarterly Profitability data for HNI
Metric	Q1 2026	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022
Gross Margin	37.1%	·	42.1%	42.9%	39.8%	·	41.5%	41.9%	39.6%	·	40.1%	38.2%	36.4%	·	35.0%	35.5%
Operating Margin	-2.7%	·	9.4%	10.2%	4.1%	·	10.2%	8.6%	5.1%	·	8.0%	-0.64%	1.3%	·	13.7%	4.8%
Net Margin	-2.9%	·	6.0%	7.2%	2.3%	·	7.1%	5.8%	3.0%	·	5.3%	-2.3%	0.33%	·	10.5%	4.9%
Pretax Margin	-4.1%	·	8.4%	9.3%	3.1%	·	9.2%	7.4%	3.7%	·	6.7%	-1.6%	0.79%	·	13.3%	4.5%
EBITDA Margin	2.9%	·	13.1%	14.0%	8.3%	·	14.3%	12.8%	9.5%	·	11.6%	3.4%	5.5%	·	17.2%	8.2%
ROA	-1.2%	·	2.2%	2.5%	0.74%	·	2.4%	1.8%	1.1%	·	2.1%	·	·	·	·	·
ROE	-3.0%	·	4.9%	6.0%	1.8%	·	6.0%	4.8%	2.6%	·	5.6%	·	·	·	·	·
ROIC	-0.79%	·	4.0%	4.2%	1.5%	·	4.4%	3.3%	1.9%	·	3.6%	·	·	·	·	·

Liquidity & Solvency 4

Quarterly Liquidity & Solvency data for HNI
Metric	Q1 2026	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022
Current Ratio	1.4	·	1.3	1.5	1.2	·	1.1	1.2	1.3	·	1.1	·	·	·	·	·
Quick Ratio	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	·	·	·	·	·
Debt / Equity	0.8	·	0.4	0.5	0.5	·	0.4	0.6	0.6	·	0.7	·	·	·	·	·
LT Debt / Equity	0.8	·	0.4	0.5	0.4	·	0.3	0.5	0.6	·	0.7	·	·	·	·	·

Efficiency 2

Quarterly Efficiency data for HNI
Metric	Trend	Q1 2026	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022
Asset Turnover		0.4	·	0.4	0.3	0.3	·	0.3	0.3	0.4	·	0.4	·	·	·	·	·
Inventory Turnover		2.4	·	2.0	1.7	1.7	·	1.8	1.6	1.8	·	1.9	·	·	·	·	·

Per Share 5

Quarterly Per Share data for HNI
Metric	Q1 2026	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022
Revenue / Share	$18.82	·	$14.64	$14.16	$12.50	·	$13.80	$12.94	$12.22	·	$15.04	$13.01	$11.38	·	$14.33	$14.66
Cash Flow / Share	$-2.40	·	·	·	$0.26	·	·	·	$-0.09	·	·	·	$0.41	·	·	·
Dividend / Share	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	·	$0	$0	$0	$0
Dividend Paid / Share	·	·	·	·	·	·	·	$0	$0	·	$0	$0	$0	·	$0	$0
EPS (TTM)	$1.64	·	$3.17	$3.04	$2.39	·	$2.90	$1.62	$0.91	·	$2.05	$1.97	$2.60	·	$2.99	$1.91

Valuation (TTM) 5

Quarterly Valuation (TTM) data for HNI
Metric	Q1 2026	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022
Revenue TTM	$3.30B	·	$2.62B	$2.56B	$2.48B	·	$2.60B	$2.49B	$2.34B	·	$2.35B	$2.26B	$2.27B	·	$2.38B	$2.37B
Net Income TTM	$64M	·	$151M	$146M	$115M	·	$139M	$79M	$44M	·	$90M	$82M	$109M	·	$127M	$83M
P/E	19.8	·	14.5	16.3	18.7	·	18.1	27.8	49.6	·	16.9	14.3	10.7	·	8.9	18.1
Earnings Yield	5.1%	·	6.9%	6.1%	5.3%	·	5.5%	3.6%	2.0%	·	5.9%	7.0%	9.3%	·	11.3%	5.5%
Payout Ratio	-68.6%	·	·	·	116.5%	·	·	·	93.8%	·	·	·	856.2%	·	·	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2026-01-03	2024-12-28	2023-12-30	2022-12-31	2022-01-01
Revenue	$2.84B	$2.53B	$2.43B	$2.36B	$2.18B
Gross Margin %	41.4%	40.9%	39.0%	35.4%	34.7%
Operating Margin %	4.4%	8.2%	3.7%	6.6%	3.9%
Net Income	$54M	$140M	$49M	$124M	$60M
Diluted EPS	$1.11	$2.88	$1.09	$2.94	$1.36

Balance Sheet

	2026-01-03	2024-12-28	2023-12-30	2022-12-31	2022-01-01
Debt / Equity	0.7	0.4	0.6	0.3	0.3
Current Ratio	1.2	1.1	1.2	1.2	1.0
Quick Ratio	0.2	0.1	0.6	0.6	0.6

Cash Flow

	2026-01-03	2024-12-28	2023-12-30	2022-12-31	2022-01-01
Free Cash Flow	$208M	$174M	$188M	$13M	$65M

Latest News Recent headlines mentioning this company

HNI Corp. Posts Loss In Q1 Nasdaq · 1 month, 4 weeks ago

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