Hillenbrand Inc Financials

Source SEC Filings (10-K/10-Q) Updated Feb 9, 2026 Currency USD FYE September

Financial Health Signals

Financial Profile 23/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Hillenbrand Inc's revenue declined 16% year-over-year, from $3.2B to $2.7B. This contraction results in a growth score of 0/100.

Leverage

Hillenbrand Inc carries a low D/E ratio of 1.08, meaning only $1.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 71/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Hillenbrand Inc's current ratio of 1.22 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 29/100, which could limit financial flexibility.

Cash Flow

Hillenbrand Inc's free cash flow margin of 0.7% results in a low score of 3/100. Capital expenditures of $38.3M absorb a large share of operating cash flow.

Returns

Hillenbrand Inc generates a 3.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 12/100.

Piotroski F-Score Neutral

6/9

Hillenbrand Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.30x

For every $1 of reported earnings, Hillenbrand Inc generates $1.30 in operating cash flow ($56.2M OCF vs $43.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Hillenbrand Inc (HI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$2.7B

YoY-16.0%

5Y CAGR+1.2%

10Y CAGR+5.3%

Hillenbrand Inc generated $2.7B in revenue in fiscal year 2025. This represents a decrease of 16.0% from the prior year.

EBITDA

N/A

Free Cash Flow

$17.9M

YoY-86.9%

5Y CAGR-43.8%

10Y CAGR-13.2%

Hillenbrand Inc generated $17.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 86.9% from the prior year.

Net Income

$43.1M

YoY+120.4%

10Y CAGR-9.2%

Hillenbrand Inc reported $43.1M in net income in fiscal year 2025. This represents an increase of 120.4% from the prior year.

EPS (Diluted)

$0.61

YoY+120.3%

10Y CAGR-10.0%

Hillenbrand Inc earned $0.61 per diluted share (EPS) in fiscal year 2025. This represents an increase of 120.3% from the prior year.

Cash & Debt

$164.8M

YoY-17.3%

5Y CAGR-11.4%

10Y CAGR+13.1%

Hillenbrand Inc held $164.8M in cash against $1.5B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.90

YoY+1.1%

5Y CAGR+1.1%

10Y CAGR+1.2%

Hillenbrand Inc paid $0.90 per share in dividends in fiscal year 2025. This represents an increase of 1.1% from the prior year.

Shares Outstanding

71M

YoY+0.4%

5Y CAGR-1.2%

10Y CAGR+1.2%

Hillenbrand Inc had 71M shares outstanding in fiscal year 2025. This represents an increase of 0.4% from the prior year.

Gross Margin

33.7%

YoY+0.5pp

5Y CAGR+1.4pp

10Y CAGR-2.0pp

Hillenbrand Inc's gross margin was 33.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the prior year.

Operating Margin

N/A

Net Margin

1.6%

YoY+8.2pp

5Y CAGR+3.7pp

10Y CAGR-5.5pp

Hillenbrand Inc's net profit margin was 1.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 8.2 percentage points from the prior year.

Return on Equity

3.1%

10Y CAGR-15.9pp

Hillenbrand Inc's ROE was 3.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

R&D Spending

$34.1M

YoY-7.1%

5Y CAGR+12.9%

10Y CAGR+10.4%

Hillenbrand Inc invested $34.1M in research and development in fiscal year 2025. This represents a decrease of 7.1% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$38.3M

YoY-29.3%

5Y CAGR+1.3%

10Y CAGR+2.1%

Hillenbrand Inc invested $38.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 29.3% from the prior year.

HI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.7B-16.0%	$3.2B+12.6%	$2.8B+22.1%	$2.3B+3.3%	$2.2B-10.9%	$2.5B
Cost of Revenue	$1.8B-16.6%	$2.1B+13.2%	$1.9B+21.0%	$1.6B+2.8%	$1.5B-11.4%	$1.7B
Gross Profit	$900.8M-14.7%	$1.1B+11.4%	$948.2M+24.1%	$763.8M+4.3%	$732.3M-10.0%	$813.3M
R&D Expenses	$34.1M-7.1%	$36.7M+44.5%	$25.4M+28.3%	$19.8M-2.5%	$20.3M+9.1%	$18.6M
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$94.5M-22.2%	$121.5M+56.4%	$77.7M+20.8%	$64.3M-13.5%	$74.3M-4.0%	$77.4M
Income Tax	-$54.5M-184.1%	$64.8M-37.0%	$102.8M+22.4%	$84.0M+6.9%	$78.6M+125.2%	$34.9M
Net Income	$43.1M+120.4%	-$211.0M-137.0%	$569.7M+172.7%	$208.9M-16.4%	$249.9M+568.0%	-$53.4M
EPS (Diluted)	$0.61+120.3%	$-3.00-136.9%	$8.13+181.3%	$2.89-12.7%	$3.31+503.7%	$-0.82

Metric	Q1'26	Q1'25	Q3'25	Q2'25	Q1'24	Q3'24	Q2'24	Q1'23
Revenue	$550-100.0%	$550.2M-8.1%	$598.9M-16.3%	$715.9M+1.3%	$706.9M-10.1%	$786.6M+0.2%	$785.3M+1.6%	$773.3M
Cost of Revenue	$367-100.0%	$366.5M-7.5%	$396.3M-17.4%	$479.5M+1.6%	$471.9M-9.3%	$520.2M-2.7%	$534.6M+2.4%	$522.3M
Gross Profit	$184-100.0%	$183.7M-9.3%	$202.6M-14.3%	$236.4M+0.6%	$235.0M-11.8%	$266.4M+6.3%	$250.7M-0.1%	$251.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$20-100.0%	$20.2M-5.2%	$21.3M-8.2%	$23.2M-7.6%	$25.1M-22.0%	$32.2M+4.5%	$30.8M+3.4%	$29.8M
Income Tax	$13+100.0%	-$12.9M-298.5%	$6.5M+214.0%	-$5.7M-189.1%	$6.4M+161.0%	-$10.5M-350.0%	$4.2M-58.0%	$10.0M
Net Income	$2+100.0%	-$2.2M-215.8%	$1.9M+104.6%	-$40.9M-739.1%	$6.4M+102.6%	-$248.9M-4180.3%	$6.1M-64.5%	$17.2M
EPS (Diluted)	$0.03+200.0%	$-0.03-200.0%	$0.03+105.2%	$-0.58-744.4%	$0.09+102.5%	$-3.53-4022.2%	$0.09-62.5%	$0.24

HI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.5B-14.7%	$5.2B-5.6%	$5.5B+43.4%	$3.9B-3.7%	$4.0B+0.7%	$4.0B
Current Assets	$1.2B-17.8%	$1.5B-6.1%	$1.6B+14.6%	$1.4B-2.2%	$1.4B+4.7%	$1.4B
Cash & Equivalents	$164.8M-17.3%	$199.3M-17.9%	$242.9M+4.6%	$232.2M-47.9%	$446.1M+47.6%	$302.2M
Inventory	$344.0M-34.5%	$525.2M-11.4%	$592.6M+22.0%	$485.6M+18.0%	$411.6M+6.8%	$385.4M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.6B-12.8%	$1.8B-9.5%	$2.0B+76.2%	$1.2B-0.8%	$1.2B+2.0%	$1.1B
Total Liabilities	$3.0B-19.5%	$3.8B-2.7%	$3.9B+40.8%	$2.8B-0.8%	$2.8B-4.3%	$2.9B
Current Liabilities	$1.0B-14.2%	$1.2B-7.9%	$1.3B+19.8%	$1.1B+4.1%	$1.0B+21.5%	$852.1M
Long-Term Debt	$1.5B-19.8%	$1.9B-5.9%	$2.0B+62.9%	$1.2B+0.8%	$1.2B-20.0%	$1.5B
Total Equity	$1.4B-2.6%	$1.4B-12.7%	$1.6B+50.5%	$1.1B-10.5%	$1.2B+14.2%	$1.1B
Retained Earnings	$1.0B-2.0%	$1.0B-20.8%	$1.3B+62.5%	$812.0M+21.9%	$666.2M+38.4%	$481.4M

Metric	Q1'26	Q1'25	Q3'25	Q2'25	Q1'24	Q3'24	Q2'24	Q1'23
Total Assets	$3K-100.0%	$4.5B-4.4%	$4.7B-2.7%	$4.8B-5.0%	$5.1B-3.4%	$5.2B-6.0%	$5.6B-0.3%	$5.6B
Current Assets	N/A	$1.2B-3.5%	$1.3B-14.3%	$1.5B+2.7%	$1.5B-3.1%	$1.5B-7.3%	$1.6B+3.2%	$1.6B
Cash & Equivalents	$173-100.0%	$173.1M+6.3%	$162.8M-64.5%	$458.4M+120.4%	$208.0M+4.4%	$199.3M-11.2%	$224.4M+13.1%	$198.4M
Inventory	$349-100.0%	$349.4M-9.5%	$386.2M+4.2%	$370.6M-29.0%	$521.7M-0.7%	$525.2M-10.8%	$588.9M-3.1%	$607.5M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2K-100.0%	$1.6B-4.6%	$1.7B+4.0%	$1.6B-8.9%	$1.8B-3.1%	$1.8B-10.2%	$2.0B-0.8%	$2.1B
Total Liabilities	$3K-100.0%	$3.0B-8.3%	$3.3B-3.5%	$3.4B-5.4%	$3.6B-3.7%	$3.8B-2.8%	$3.9B+0.6%	$3.9B
Current Liabilities	N/A	$1.0B-0.9%	$1.0B+3.6%	$994.2M-8.8%	$1.1B-8.4%	$1.2B-1.9%	$1.2B-1.5%	$1.2B
Long-Term Debt	$2K-100.0%	$1.6B-6.5%	$1.7B-12.1%	$1.9B+0.4%	$1.9B+0.7%	$1.9B-10.3%	$2.1B+3.2%	$2.0B
Total Equity	$718-100.0%	$1.4B+7.9%	$1.3B-0.8%	$1.3B-3.9%	$1.4B-2.9%	$1.4B-13.8%	$1.7B-2.2%	$1.7B
Retained Earnings	$1K-100.0%	$1.0B+4.3%	$964.2M-1.5%	$978.4M-5.5%	$1.0B-0.9%	$1.0B-20.3%	$1.3B-0.7%	$1.3B

HI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$56.2M-70.6%	$191.3M-7.6%	$207.0M+8.3%	$191.1M-63.8%	$528.4M+48.9%	$354.8M
Capital Expenditures	$38.3M-29.3%	$54.2M-21.8%	$69.3M+80.9%	$38.3M+35.8%	$28.2M-21.4%	$35.9M
Free Cash Flow	$17.9M-86.9%	$137.1M-0.4%	$137.7M-9.9%	$152.8M-69.5%	$500.2M+56.9%	$318.9M
Investing Cash Flow	N/A	N/A	N/A	-$143.4M-213.8%	$126.0M+109.7%	-$1.3B
Financing Cash Flow	-$279.4M-23.0%	-$227.1M-132.8%	$693.4M+383.9%	-$244.2M+53.3%	-$523.3M-161.2%	$854.9M
Dividends Paid	$63.4M+1.4%	$62.5M+2.0%	$61.3M-1.1%	$62.0M-3.1%	$64.0M+0.9%	$63.4M
Share Buybacks	N/A	$0	$0-100.0%	$203.9M+68.4%	$121.1M	$0

Metric	Q1'26	Q1'25	Q3'25	Q2'25	Q1'24	Q3'24	Q2'24	Q1'23
Operating Cash Flow	$27+100.0%	-$27.4M-1726.7%	-$1.5M-215.4%	$1.3M+111.5%	-$11.3M-106.8%	$166.5M+5103.1%	$3.2M+113.3%	-$24.0M
Capital Expenditures	$4-100.0%	$4.2M-56.7%	$9.7M+4.3%	$9.3M-8.8%	$10.2M-22.1%	$13.1M+2.3%	$12.8M+3.2%	$12.4M
Free Cash Flow	$23+100.0%	-$31.6M-182.1%	-$11.2M-40.0%	-$8.0M+62.8%	-$21.5M-114.0%	$153.4M+1697.9%	-$9.6M+73.6%	-$36.4M
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$31-100.0%	$31.2M+110.6%	-$295.4M-282.8%	$161.6M+503.0%	$26.8M+111.1%	-$240.5M-479.9%	$63.3M+470.2%	-$17.1M
Dividends Paid	$16-100.0%	$16.1M+1.9%	$15.8M-0.6%	$15.9M+0.6%	$15.8M+0.6%	$15.7M+0.6%	$15.6M0.0%	$15.6M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	33.7%+0.5pp	33.2%-0.4pp	33.6%+0.6pp	33.0%+0.3pp	32.7%+0.4pp	32.3%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	1.6%+8.2pp	-6.6%-26.8pp	20.2%+11.1pp	9.0%-2.1pp	11.2%+13.3pp	-2.1%
Return on Equity	3.1%	N/A	34.9%+15.7pp	19.3%-1.4pp	20.7%	N/A
Return on Assets	1.0%+5.0pp	-4.0%-14.3pp	10.3%+4.9pp	5.4%-0.8pp	6.2%+7.6pp	-1.3%
Current Ratio	1.22-0.1	1.27+0.0	1.25-0.1	1.30-0.1	1.39-0.2	1.61
Debt-to-Equity	1.08-0.2	1.32+0.1	1.22+0.1	1.13+0.1	1.00-0.4	1.43
FCF Margin	0.7%-3.6pp	4.3%-0.6pp	4.9%-1.7pp	6.6%-15.7pp	22.3%+9.7pp	12.7%

Metric	Q1'26	Q1'25	Q3'25	Q2'25	Q1'24	Q3'24	Q2'24	Q1'23
Gross Margin	33.4%0.0pp	33.4%-0.4pp	33.8%+0.8pp	33.0%-0.2pp	33.2%-0.6pp	33.9%+2.0pp	31.9%-0.5pp	32.5%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	0.4%+0.8pp	-0.4%-0.7pp	0.3%+6.0pp	-5.7%-6.6pp	0.9%+32.6pp	-31.6%-32.4pp	0.8%-1.4pp	2.2%
Return on Equity	0.3%	N/A	0.1%	N/A	0.5%	N/A	0.4%-0.7pp	1.0%
Return on Assets	0.1%+0.1pp	-0.1%-0.1pp	0.0%+0.9pp	-0.9%-1.0pp	0.1%+4.9pp	-4.7%-4.8pp	0.1%-0.2pp	0.3%
Current Ratio	N/A	1.22-0.0	1.25-0.3	1.51+0.2	1.34+0.1	1.27-0.1	1.34+0.1	1.28
Debt-to-Equity	2.17+1.1	1.10-0.2	1.26-0.2	1.43+0.1	1.36+0.0	1.32+0.1	1.26+0.1	1.20
FCF Margin	4.2%+10.0pp	-5.7%-3.9pp	-1.9%-0.8pp	-1.1%+1.9pp	-3.0%-6.8pp	3.8%+5.0pp	-1.2%+3.5pp	-4.7%

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Frequently Asked Questions

What is Hillenbrand Inc's annual revenue?

Hillenbrand Inc (HI) reported $2.7B in total revenue for fiscal year 2025. This represents a -16.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Hillenbrand Inc's revenue growing?

Hillenbrand Inc (HI) revenue declined by 16% year-over-year, from $3.2B to $2.7B in fiscal year 2025.

Is Hillenbrand Inc profitable?

Yes, Hillenbrand Inc (HI) reported a net income of $43.1M in fiscal year 2025, with a net profit margin of 1.6%.

What is Hillenbrand Inc's earnings per share (EPS)?

Hillenbrand Inc (HI) reported diluted earnings per share of $0.61 for fiscal year 2025. This represents a 120.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Hillenbrand Inc have?

As of fiscal year 2025, Hillenbrand Inc (HI) had $164.8M in cash and equivalents against $1.5B in long-term debt.

What is Hillenbrand Inc's gross margin?

Hillenbrand Inc (HI) had a gross margin of 33.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Hillenbrand Inc's net profit margin?

Hillenbrand Inc (HI) had a net profit margin of 1.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Hillenbrand Inc pay dividends?

Yes, Hillenbrand Inc (HI) paid $0.90 per share in dividends during fiscal year 2025.

What is Hillenbrand Inc's return on equity (ROE)?

Hillenbrand Inc (HI) has a return on equity of 3.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Hillenbrand Inc's free cash flow?

Hillenbrand Inc (HI) generated $17.9M in free cash flow during fiscal year 2025. This represents a -86.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Hillenbrand Inc's operating cash flow?

Hillenbrand Inc (HI) generated $56.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Hillenbrand Inc's total assets?

Hillenbrand Inc (HI) had $4.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Hillenbrand Inc's capital expenditures?

Hillenbrand Inc (HI) invested $38.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Hillenbrand Inc spend on research and development?

Hillenbrand Inc (HI) invested $34.1M in research and development during fiscal year 2025.

How many shares does Hillenbrand Inc have outstanding?

Hillenbrand Inc (HI) had 71M shares outstanding as of fiscal year 2025.

What is Hillenbrand Inc's current ratio?

Hillenbrand Inc (HI) had a current ratio of 1.22 as of fiscal year 2025, which is considered adequate.

What is Hillenbrand Inc's debt-to-equity ratio?

Hillenbrand Inc (HI) had a debt-to-equity ratio of 1.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Hillenbrand Inc's return on assets (ROA)?

Hillenbrand Inc (HI) had a return on assets of 1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Hillenbrand Inc's Piotroski F-Score?

Hillenbrand Inc (HI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Hillenbrand Inc's earnings high quality?

Hillenbrand Inc (HI) has an earnings quality ratio of 1.30x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Hillenbrand Inc?

Hillenbrand Inc (HI) scores 23 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.