Hni Corp Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Hni Corp has an operating margin of 8.2%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 41/100, indicating healthy but not exceptional operating efficiency. This is up from 3.7% the prior year.
Hni Corp's revenue grew a modest 3.8% year-over-year to $2.5B. This slow but positive growth earns a score of 39/100.
Hni Corp carries a low D/E ratio of 0.35, meaning only $0.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.
Hni Corp's current ratio of 1.10 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 24/100, which could limit financial flexibility.
Hni Corp has a free cash flow margin of 6.9%, earning a moderate score of 34/100. The company generates positive cash flow after capital investments, but with room for improvement.
Hni Corp earns a strong 16.6% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 66/100. This is up from 6.5% the prior year.
Hni Corp scores 4.25, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Hni Corp passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Hni Corp generates $1.63 in operating cash flow ($226.7M OCF vs $139.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Hni Corp (HNI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).
Key Financial Metrics
Hni Corp generated $2.5B in revenue in fiscal year 2024. This represents an increase of 3.8% from the prior year.
Hni Corp's EBITDA was $314.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 69.7% from the prior year.
Hni Corp generated $173.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 7.7% from the prior year.
Hni Corp reported $139.5M in net income in fiscal year 2024. This represents an increase of 183.5% from the prior year.
Hni Corp earned $2.88 per diluted share (EPS) in fiscal year 2024. This represents an increase of 164.2% from the prior year.
Hni Corp held $22.5M in cash against $294.3M in long-term debt as of fiscal year 2024.
Hni Corp paid $1.31 per share in dividends in fiscal year 2024. This represents an increase of 2.3% from the prior year.
Hni Corp had 47M shares outstanding in fiscal year 2024. This represents an increase of 0.3% from the prior year.
Hni Corp's gross margin was 40.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.9 percentage points from the prior year.
Hni Corp's operating margin was 8.2% in fiscal year 2024, reflecting core business profitability. This is up 4.5 percentage points from the prior year.
Hni Corp's net profit margin was 5.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 3.5 percentage points from the prior year.
Hni Corp's ROE was 16.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 10.1 percentage points from the prior year.
Hni Corp invested $53.6M in research and development in fiscal year 2024. This represents an increase of 13.6% from the prior year.
Hni Corp spent $65.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 21833.3% from the prior year.
Hni Corp invested $52.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 33.1% from the prior year.
HNI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $683.8M+2.5% | $667.1M+11.2% | $599.8M-6.6% | $642.5M+3.0% | $623.7M+6.1% | $588.0M-13.5% | $679.8M-4.5% | $711.6M |
| Cost of Revenue | $395.7M+3.9% | $380.9M+5.4% | $361.4M-5.4% | $382.1M+5.4% | $362.4M+2.1% | $355.1M-12.7% | $406.7M-4.6% | $426.3M |
| Gross Profit | $288.1M+0.7% | $286.2M+20.1% | $238.4M-8.5% | $260.5M-0.3% | $261.3M+12.2% | $232.8M-14.8% | $273.2M-4.2% | $285.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $222.7M+3.3% | $215.5M+3.8% | $207.6M+2.1% | $203.3M-1.3% | $205.9M+1.4% | $203.1M-3.7% | $211.0M-5.5% | $223.3M |
| Operating Income | $64.6M-5.3% | $68.2M+179.5% | $24.4M-55.2% | $54.5M+2.1% | $53.4M+79.8% | $29.7M-3.3% | $30.7M-46.0% | $56.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $16.2M+17.4% | $13.8M+176.0% | $5.0M-55.4% | $11.2M+12.0% | $10.0M+132.6% | $4.3M | $0-100.0% | $9.6M |
| Net Income | $41.2M-14.5% | $48.2M+246.8% | $13.9M-63.7% | $38.3M+6.4% | $36.0M+103.4% | $17.7M-21.7% | $22.6M-40.2% | $37.8M |
| EPS (Diluted) | $0.88-13.7% | $1.02+251.7% | $0.29-62.8% | $0.78+4.0% | $0.75+102.7% | $0.37-32.7% | $0.55-31.3% | $0.80 |
HNI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.8B-3.6% | $1.9B+2.9% | $1.9B-0.9% | $1.9B-3.4% | $1.9B+1.5% | $1.9B-0.8% | $1.9B-4.4% | $2.0B |
| Current Assets | $542.9M-9.2% | $597.6M+12.9% | $529.3M+0.9% | $524.5M-7.7% | $568.1M+7.8% | $527.2M-1.6% | $535.9M-6.4% | $572.4M |
| Cash & Equivalents | $20.7M-35.3% | $32.0M+51.7% | $21.1M-6.2% | $22.5M-20.2% | $28.2M+4.4% | $27.0M-6.6% | $28.9M+18.4% | $24.4M |
| Inventory | $194.5M-10.2% | $216.5M+5.6% | $205.0M+5.5% | $194.3M-12.8% | $222.8M+5.0% | $212.1M+7.9% | $196.6M-14.1% | $228.9M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | $247.1M | N/A |
| Goodwill | $442.1M0.0% | $442.1M0.0% | $442.1M0.0% | $442.1M0.0% | $442.1M0.0% | $442.1M+0.2% | $441.0M-11.0% | $495.6M |
| Total Liabilities | $1.0B-8.5% | $1.1B+4.4% | $1.1B+1.9% | $1.0B-10.2% | $1.2B+1.0% | $1.1B-2.2% | $1.2B-8.5% | $1.3B |
| Current Liabilities | $409.0M-0.4% | $410.7M-7.4% | $443.7M-7.1% | $477.5M+0.7% | $474.2M+16.3% | $407.7M-12.1% | $463.7M-7.7% | $502.3M |
| Long-Term Debt | $324.2M-27.0% | $444.4M+25.3% | $354.7M+20.5% | $294.3M-28.5% | $411.7M-10.5% | $460.2M+7.4% | $428.3M-13.2% | $493.2M |
| Total Equity | $835.9M+3.1% | $811.0M+0.9% | $803.6M-4.3% | $840.1M+6.6% | $787.8M+2.1% | $771.5M+1.3% | $761.4M+2.8% | $740.8M |
| Retained Earnings | N/A | N/A | N/A | $599.6M | N/A | N/A | $523.6M | N/A |
HNI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $155.2M+399.0% | $31.1M+146.8% | $12.6M-75.4% | $51.2M-0.2% | $51.3M+1293.0% | -$4.3M-104.1% | $105.0M-14.4% | $122.7M |
| Capital Expenditures | $19.6M+30.7% | $15.0M-8.0% | $16.3M+68.0% | $9.7M-44.6% | $17.5M+56.3% | $11.2M-31.3% | $16.3M-24.5% | $21.6M |
| Free Cash Flow | $135.6M+742.2% | $16.1M+535.1% | -$3.7M-108.9% | $41.5M+22.8% | $33.8M+318.1% | -$15.5M-117.5% | $88.7M-12.3% | $101.1M |
| Investing Cash Flow | -$19.7M-217.7% | -$6.2M+49.2% | -$12.2M-31.2% | -$9.3M+42.9% | -$16.3M-53.8% | -$10.6M+38.4% | -$17.2M-2.4% | -$16.8M |
| Financing Cash Flow | -$146.8M-898.6% | -$14.7M-1236.4% | -$1.1M+98.0% | -$53.7M-59.3% | -$33.7M-361.2% | $12.9M+115.5% | -$83.3M+20.8% | -$105.2M |
| Dividends Paid | $15.6M-0.6% | $15.7M-3.1% | $16.2M+3.2% | $15.7M+1.3% | $15.5M-6.6% | $16.6M+10.7% | $15.0M+0.7% | $14.9M |
| Share Buybacks | $3.8M-90.4% | $39.4M-2.5% | $40.4M-1.5% | $41.0M+279.6% | $10.8M+315.4% | $2.6M+766.7% | $300K | $0 |
HNI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.1%-0.8pp | 42.9%+3.1pp | 39.8%-0.8pp | 40.5%-1.4pp | 41.9%+2.3pp | 39.6%-0.6pp | 40.2%+0.1pp | 40.1% |
| Operating Margin | 9.4%-0.8pp | 10.2%+6.2pp | 4.1%-4.4pp | 8.5%-0.1pp | 8.6%+3.5pp | 5.1%+0.5pp | 4.5%-3.5pp | 8.0% |
| Net Margin | 6.0%-1.2pp | 7.2%+4.9pp | 2.3%-3.6pp | 6.0%+0.2pp | 5.8%+2.8pp | 3.0%-0.3pp | 3.3%-2.0pp | 5.3% |
| Return on Equity | 4.9%-1.0pp | 5.9%+4.2pp | 1.7%-2.8pp | 4.6%0.0pp | 4.6%+2.3pp | 2.3%-0.7pp | 3.0%-2.1pp | 5.1% |
| Return on Assets | 2.2%-0.3pp | 2.5%+1.8pp | 0.8%-1.3pp | 2.0%+0.2pp | 1.8%+0.9pp | 0.9%-0.2pp | 1.2%-0.7pp | 1.9% |
| Current Ratio | 1.33-0.1 | 1.46+0.3 | 1.19+0.1 | 1.10-0.1 | 1.20-0.1 | 1.29+0.1 | 1.16+0.0 | 1.14 |
| Debt-to-Equity | 0.39-0.2 | 0.55+0.1 | 0.44+0.1 | 0.35-0.2 | 0.52-0.1 | 0.60+0.0 | 0.56-0.1 | 0.67 |
| FCF Margin | 19.8%+17.4pp | 2.4%+3.0pp | -0.6%-7.1pp | 6.5%+1.0pp | 5.4%+8.1pp | -2.6%-15.7pp | 13.1%-1.2pp | 14.2% |
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Frequently Asked Questions
What is Hni Corp's annual revenue?
Hni Corp (HNI) reported $2.5B in total revenue for fiscal year 2024. This represents a 3.8% 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 Hni Corp's revenue growing?
Hni Corp (HNI) revenue grew by 3.8% year-over-year, from $2.4B to $2.5B in fiscal year 2024.
Is Hni Corp profitable?
Yes, Hni Corp (HNI) reported a net income of $139.5M in fiscal year 2024, with a net profit margin of 5.5%.
What is Hni Corp's earnings per share (EPS)?
Hni Corp (HNI) reported diluted earnings per share of $2.88 for fiscal year 2024. This represents a 164.2% 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.
What is Hni Corp's EBITDA?
Hni Corp (HNI) had EBITDA of $314.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Hni Corp have?
As of fiscal year 2024, Hni Corp (HNI) had $22.5M in cash and equivalents against $294.3M in long-term debt.
What is Hni Corp's gross margin?
Hni Corp (HNI) had a gross margin of 40.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Hni Corp's operating margin?
Hni Corp (HNI) had an operating margin of 8.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Hni Corp's net profit margin?
Hni Corp (HNI) had a net profit margin of 5.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Hni Corp pay dividends?
Yes, Hni Corp (HNI) paid $1.31 per share in dividends during fiscal year 2024.
What is Hni Corp's return on equity (ROE)?
Hni Corp (HNI) has a return on equity of 16.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Hni Corp's free cash flow?
Hni Corp (HNI) generated $173.8M in free cash flow during fiscal year 2024. This represents a -7.7% 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 Hni Corp's operating cash flow?
Hni Corp (HNI) generated $226.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Hni Corp's total assets?
Hni Corp (HNI) had $1.9B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Hni Corp's capital expenditures?
Hni Corp (HNI) invested $52.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Hni Corp spend on research and development?
Hni Corp (HNI) invested $53.6M in research and development during fiscal year 2024.
Does Hni Corp buy back shares?
Yes, Hni Corp (HNI) spent $65.8M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Hni Corp have outstanding?
Hni Corp (HNI) had 47M shares outstanding as of fiscal year 2024.
What is Hni Corp's current ratio?
Hni Corp (HNI) had a current ratio of 1.10 as of fiscal year 2024, which is considered adequate.
What is Hni Corp's debt-to-equity ratio?
Hni Corp (HNI) had a debt-to-equity ratio of 0.35 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Hni Corp's return on assets (ROA)?
Hni Corp (HNI) had a return on assets of 7.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Hni Corp's Altman Z-Score?
Hni Corp (HNI) has an Altman Z-Score of 4.25, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Hni Corp's Piotroski F-Score?
Hni Corp (HNI) has a Piotroski F-Score of 7 out of 9, indicating strong 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 Hni Corp's earnings high quality?
Hni Corp (HNI) has an earnings quality ratio of 1.63x, 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 Hni Corp?
Hni Corp (HNI) scores 51 out of 100 on our Financial Profile, indicating moderate 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.