Hillenbrand Inc Financials
Hillenbrand Inc (HI) reported $2.7B in revenue for fiscal year 2025, down 16.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Stable gross margins mask a cash-thin deleveraging phase as Hillenbrand absorbs lower volume and protects unit economics.
From FY2023 to FY2025, gross margin held near33.0% even as revenue moved from$2.83B to$2.67B and net income swung from$569.7M to$43.1M ; that points to profit volatility below the gross profit line, not a breakdown in core unit economics. The sharper signal is cash: FY2025 operating cash flow of$56.2M and free cash flow of$17.9M lagged the return to profitability, so accounting earnings recovered faster than spendable cash.
FY2025 looks like a balance-sheet cleanup year: long-term debt fell to
Liquidity is still workable at a current ratio of 1.2x, but the cash cushion is thinner because cash ended at
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Hillenbrand Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Hillenbrand Inc, and counted as zero in the overall score.
Hillenbrand Inc's revenue declined 16.0% year-over-year, from $3.2B to $2.7B. This contraction results in a growth score of 23/100.
Hillenbrand Inc has a moderate D/E ratio of 1.08. This balance of debt and equity financing earns a leverage score of 44/100.
Hillenbrand Inc's current ratio of 1.22 is below the typical benchmark, resulting in a score of 29/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Hillenbrand Inc has a free cash flow margin of 0.7%, earning a moderate score of 38/100. The company generates positive cash flow after capital investments, but with room for improvement.
Not available for Hillenbrand Inc, and counted as zero in the overall score.
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.
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.
Key Financial Metrics
Earnings & Revenue
Hillenbrand Inc generated $2.7B in revenue in fiscal year 2025. This represents a decrease of 16.0% from the prior year.
Hillenbrand Inc reported $43.1M in net income in fiscal year 2025. This represents an increase of 120.4% from the prior year.
Hillenbrand Inc earned $0.61 per diluted share (EPS) in fiscal year 2025. This represents an increase of 120.3% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
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.
Hillenbrand Inc held $164.8M in cash against $1.5B in long-term debt as of fiscal year 2025.
Hillenbrand Inc paid $0.90 per share in dividends in fiscal year 2025. This represents an increase of 1.1% from the prior year.
Margins & Returns
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.
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.
Hillenbrand Inc's ROE was 3.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 17.9 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Hillenbrand Inc invested $34.1M in research and development in fiscal year 2025. This represents a decrease of 7.1% from the prior year.
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.
Not reported for fiscal year 2025.
HI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5B | $2.7B-16.0% | $3.2B+12.6% | $2.8B+22.1% | $2.3B+3.3% | $2.2B-10.9% | $2.5B+39.3% | $1.8B+2.1% | $1.8B+11.3% | $1.6B+3.4% | $1.5B-3.7% | $1.6B-4.2% | $1.7B+7.3% | $1.6B+58.0% | $983.2M+11.3% | $883.4M |
| Cost of Revenue | $1.7B | $1.8B-16.6% | $2.1B+13.2% | $1.9B+21.0% | $1.6B+2.8% | $1.5B-11.4% | $1.7B+43.9% | $1.2B+5.0% | $1.1B+12.9% | $999.4M+3.3% | $967.8M-5.7% | $1.0B-4.8% | $1.1B+4.2% | $1.0B+74.1% | $594.3M+15.7% | $513.5M |
| Gross Profit | $849.5M | $900.8M-14.7% | $1.1B+11.4% | $948.2M+24.1% | $763.8M+4.3% | $732.3M-10.0% | $813.3M+30.5% | $623.0M-3.0% | $642.1M+8.7% | $590.8M+3.5% | $570.6M0.0% | $570.4M-3.2% | $589.2M+13.6% | $518.7M+33.4% | $388.9M+5.1% | $369.9M |
| R&D Expenses | N/A | $34.1M-7.1% | $36.7M+44.5% | $25.4M+28.3% | $19.8M-2.5% | $20.3M+9.1% | $18.6M+75.5% | $10.6M-9.4% | $11.7M-1.7% | $11.9M-5.6% | $12.6M-0.8% | $12.7M-11.8% | $14.4M+18.0% | $12.2M+134.6% | $5.2M+15.6% | $4.5M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $174.5M+47.8% | $118.1M-20.6% | $148.8M-6.2% | $158.6M |
| Interest Expense | $89.6M | $94.5M-22.2% | $121.5M+56.4% | $77.7M+20.8% | $64.3M-13.5% | $74.3M-4.0% | $77.4M+182.5% | $27.4M+17.6% | $23.3M-7.5% | $25.2M-0.4% | $25.3M+6.3% | $23.8M+2.1% | $23.3M-2.9% | $24.0M+93.5% | $12.4M+12.7% | $11.0M |
| Income Tax | -$73.8M | -$54.5M-184.1% | $64.8M-37.0% | $102.8M+22.4% | $84.0M+6.9% | $78.6M+125.2% | $34.9M-30.9% | $50.5M-22.7% | $65.3M+9.0% | $59.9M+26.6% | $47.3M-3.7% | $49.1M+0.8% | $48.7M+72.1% | $28.3M-6.0% | $30.1M-41.8% | $51.7M |
| Net Income | $34.5M | $43.1M+120.4% | -$211.0M-137.0% | $569.7M+172.7% | $208.9M-16.4% | $249.9M+568.0% | -$53.4M-142.3% | $126.2M+55.4% | $81.2M-36.8% | $128.4M+9.9% | $116.8M+3.2% | $113.2M+1.8% | $111.2M+70.0% | $65.4M-37.6% | $104.8M-1.2% | $106.1M |
| EPS (Diluted) | — | $0.61+120.3% | -$3.00-136.9% | $8.13+181.3% | $2.89-12.7% | $3.31+503.7% | -$0.82-142.7% | $1.92+60.0% | $1.20-39.1% | $1.97+11.3% | $1.77+1.7% | $1.74+1.2% | $1.72+70.3% | $1.01-39.9% | $1.68-1.8% | $1.71 |
Not reported in any period shown, so not listed: SG&A Expenses.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
HI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.5B-14.7% | $5.2B-5.6% | $5.5B+43.4% | $3.9B-3.7% | $4.0B+0.7% | $4.0B+78.9% | $2.2B+19.5% | $1.9B-4.7% | $2.0B-0.2% | $2.0B+8.4% | $1.8B-5.8% | $1.9B-4.2% | $2.0B+84.2% | $1.1B-7.9% | $1.2B |
| Current Assets | $1.2B-17.8% | $1.5B-6.1% | $1.6B+14.6% | $1.4B-2.2% | $1.4B+4.7% | $1.4B+33.9% | $1.0B+67.6% | $610.6M+2.9% | $593.6M-1.1% | $600.3M-0.6% | $604.1M-5.3% | $637.8M-0.3% | $639.4M+109.4% | $305.3M-19.7% | $380.1M |
| Cash & Equivalents | $164.8M-17.3% | $199.3M-17.9% | $242.9M+4.6% | $232.2M-47.9% | $446.1M+47.6% | $302.2M-24.3% | $399.0M+612.5% | $56.0M-15.2% | $66.0M+26.9% | $52.0M+7.7% | $48.3M-16.7% | $58.0M+35.8% | $42.7M+111.4% | $20.2M-82.5% | $115.5M |
| Inventory | $344.0M-34.5% | $525.2M-11.4% | $592.6M+22.0% | $485.6M+18.0% | $411.6M+6.8% | $385.4M+144.4% | $157.7M-8.6% | $172.5M+13.8% | $151.6M-1.0% | $153.1M-0.3% | $153.6M-8.8% | $168.5M-5.1% | $177.5M+97.2% | $90.0M+7.5% | $83.7M |
| Goodwill | $1.6B-12.8% | $1.8B-9.5% | $2.0B+76.2% | $1.2B-0.8% | $1.2B+2.0% | $1.1B+141.7% | $470.7M-0.4% | $472.5M-27.0% | $647.5M+2.1% | $634.3M+16.6% | $544.0M-4.7% | $570.7M-2.6% | $585.8M+92.9% | $303.7M+1.2% | $300.0M |
| Total Liabilities | $3.0B-19.5% | $3.8B-2.7% | $3.9B+40.8% | $2.8B-0.8% | $2.8B-4.3% | $2.9B+99.3% | $1.5B+30.2% | $1.1B-5.9% | $1.2B-9.4% | $1.3B+9.2% | $1.2B-9.2% | $1.3B-7.2% | $1.4B+145.5% | $581.2M-21.2% | $737.6M |
| Current Liabilities | $1.0B-14.2% | $1.2B-7.9% | $1.3B+19.8% | $1.1B+4.1% | $1.0B+21.5% | $852.1M+44.6% | $589.3M+10.8% | $531.7M+3.9% | $511.7M+18.0% | $433.7M+7.3% | $404.2M-17.7% | $491.1M+5.5% | $465.5M+206.7% | $151.8M+11.5% | $136.2M |
| 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+144.8% | $619.5M+79.8% | $344.6M-22.9% | $446.9M-24.9% | $595.1M+14.7% | $518.7M-4.6% | $543.5M-16.9% | $654.3M+140.9% | $271.6M-37.1% | $431.5M |
| Total Equity | $1.4B-2.6% | $1.4B-12.7% | $1.6B+50.5% | $1.1B-10.5% | $1.2B+14.2% | $1.1B+40.4% | $754.1M+3.1% | $731.1M-2.7% | $751.4M+18.8% | $632.3M+6.4% | $594.1M+1.9% | $583.3M+2.6% | $568.3M+12.2% | $506.3M+14.3% | $443.1M |
| Retained Earnings | $1.0B-2.0% | $1.0B-20.8% | $1.3B+62.5% | $812.0M+21.9% | $666.2M+38.4% | $481.4M-19.7% | $599.5M+12.9% | $531.0M+4.7% | $507.1M+17.0% | $433.3M+16.4% | $372.1M+19.4% | $311.7M+23.6% | $252.2M+5.8% | $238.3M+30.4% | $182.7M |
Not reported in any period shown, so not listed: Accounts Receivable.
HI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $40.1M | $56.2M-70.6% | $191.3M-7.6% | $207.0M+8.3% | $191.1M-63.8% | $528.4M+48.9% | $354.8M+98.3% | $178.9M-28.0% | $248.3M+0.9% | $246.2M+3.4% | $238.2M+126.9% | $105.0M-41.5% | $179.6M+41.2% | $127.2M-8.0% | $138.2M-27.1% | $189.5M |
| Capital Expenditures | $32.3M | $38.3M-29.3% | $54.2M-21.8% | $69.3M+80.9% | $38.3M+35.8% | $28.2M-21.4% | $35.9M+40.8% | $25.5M-5.6% | $27.0M+22.7% | $22.0M+3.8% | $21.2M-31.6% | $31.0M+31.4% | $23.6M-21.1% | $29.9M+43.1% | $20.9M-4.6% | $21.9M |
| Free Cash Flow | $7.8M | $17.9M-86.9% | $137.1M-0.4% | $137.7M-9.9% | $152.8M-69.5% | $500.2M+56.9% | $318.9M+107.9% | $153.4M-30.7% | $221.3M-1.3% | $224.2M+3.3% | $217.0M+193.2% | $74.0M-52.6% | $156.0M+60.3% | $97.3M-17.1% | $117.3M-30.0% | $167.6M |
| Investing Cash Flow | N/A | N/A | N/A | N/A | -$143.4M-213.8% | $126.0M+109.7% | -$1.3B-2431.1% | -$51.2M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | -$275.0M | -$279.4M-23.0% | -$227.1M-132.8% | $693.4M+383.9% | -$244.2M+53.3% | -$523.3M-161.2% | $854.9M+293.1% | $217.5M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | $63.7M | $63.4M+1.4% | $62.5M+2.0% | $61.3M-1.1% | $62.0M-3.1% | $64.0M+0.9% | $63.4M+20.5% | $52.6M+1.0% | $52.1M+0.4% | $51.9M+1.6% | $51.1M+1.4% | $50.4M+1.4% | $49.7M+2.1% | $48.7M+2.3% | $47.6M+1.5% | $46.9M |
| Share Buybacks | N/A | N/A | $0 | $0-100.0% | $203.9M+68.4% | $121.1M | $0 | $0-100.0% | $61.0M+117.9% | $28.0M+32.1% | $21.2M+89.3% | $11.2M-32.1% | $16.5M | $0-100.0% | $22.5M+492.1% | $3.8M |
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
HI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.7%+0.5pp | 33.2%-0.4pp | 33.6%+0.6pp | 33.0%+0.3pp | 32.7%+0.4pp | 32.3%-2.2pp | 34.5%-1.8pp | 36.3%-0.9pp | 37.1%+0.1pp | 37.1%+1.4pp | 35.7%+0.4pp | 35.3%+2.0pp | 33.4%-6.2pp | 39.6%-2.3pp | 41.9% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10.5%+2.9pp | 7.6%-7.5pp | 15.1%-2.8pp | 17.9% |
| Net Margin | 1.6%+8.2pp | -6.6%-26.8pp | 20.2%+11.1pp | 9.0%-2.1pp | 11.2%+13.3pp | -2.1%-9.1pp | 7.0%+2.4pp | 4.6%-3.5pp | 8.1%+0.5pp | 7.6%+0.5pp | 7.1%+0.4pp | 6.7%+2.5pp | 4.2%-6.5pp | 10.7%-1.3pp | 12.0% |
| Return on Equity | 3.1%+17.9pp | -14.8%-49.8pp | 34.9%+15.7pp | 19.3%-1.4pp | 20.7%+25.7pp | -5.0%-21.8pp | 16.7%+5.6pp | 11.1%-6.0pp | 17.1%-1.4pp | 18.5%-0.6pp | 19.1%0.0pp | 19.1%+7.5pp | 11.5%-9.2pp | 20.7%-3.2pp | 23.9% |
| 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%-7.0pp | 5.7%+1.3pp | 4.3%-2.2pp | 6.6%+0.6pp | 6.0%-0.3pp | 6.3%+0.5pp | 5.8%+2.5pp | 3.3%-6.4pp | 9.6%+0.7pp | 9.0% |
| Current Ratio | 1.22-0.1x | 1.270.0x | 1.25-0.1x | 1.30-0.1x | 1.39-0.2x | 1.61-0.1x | 1.74+0.6x | 1.150.0x | 1.16-0.2x | 1.38-0.1x | 1.49+0.2x | 1.30-0.1x | 1.37-0.6x | 2.01-0.8x | 2.79 |
| Debt-to-Equity | 1.08-0.2x | 1.32+0.1x | 1.22+0.1x | 1.13+0.1x | 1.00-0.4x | 1.43+0.6x | 0.82+0.4x | 0.47-0.1x | 0.59-0.3x | 0.94+0.1x | 0.87-0.1x | 0.93-0.2x | 1.15+0.6x | 0.54-0.4x | 0.97 |
| FCF Margin | 0.7%-3.6pp | 4.3%-0.6pp | 4.9%-1.7pp | 6.6%-15.7pp | 22.3%+9.7pp | 12.7%+4.2pp | 8.5%-4.0pp | 12.5%-1.6pp | 14.1%0.0pp | 14.1%+9.5pp | 4.6%-4.7pp | 9.4%+3.1pp | 6.3%-5.7pp | 11.9%-7.0pp | 19.0% |
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Where Hillenbrand Inc Ranks
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 16.0% 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%.
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.
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 to 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 22 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.