What is HNI Corporation's earnings per share (EPS)?

HNI Corporation (HNI) reported diluted earnings per share of $1.11 for fiscal year 2025. This represents a -61.5% 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.

HNI Corporation (HNI) Financials

HNI

FY2025 annual

Revenue $2.8B +12.4% YoY

Net Income $54.2M -61.1% YoY

EPS (Diluted) $1.11 -61.5% YoY

Free Cash Flow $208.5M +20.0% YoY

Market Cap $3.4B as of Oct 7, 2026

Price / Sales 0.8x on $4.4B revenue, trailing 12 months to July 4, 2026

Price / Earnings 767x on $4.4M net income, trailing 12 months to July 4, 2026

Price / Book 1.9x on $1.8B equity, Q2 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2027, ended Jul 4, 2026 Reported Aug 4, 2026 Currency USD FYE January

Newest figures come from the 10-Q for Q2 FY2027, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HNI SEC filings page.

HNI Corporation (HNI) reported $2.8B in revenue for fiscal year 2025, up 12.4% 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).

Rhea AI HNI FY2025 2026-10-04

Revenue growth is not translating into sustained profit: higher sales and gross margin are being absorbed by operating and financing costs.

In FY2025, cash conversion remained stronger than reported earnings: operating cash flow reached $276M while net income was only $54M, and free cash flow was $209M. That gap suggests non-cash charges and working-capital effects are contributing materially to cash generation, rather than profitability alone.

The business added scale, with revenue rising to $2.8B, but operating margin fell from 8.2% in FY2024 to 4.4% in FY2025. Selling, general and administrative expense increased to $937M, growing faster than revenue and absorbing much of the gross-profit improvement.

The financing profile became more leveraged: debt-to-equity rose from 35.0% to 69.6%, while total assets expanded to $4.9B and shares outstanding rose to 71.3M. The current ratio improved to 1.2, indicating better short-term coverage, but the larger debt base and weaker net margin show that the expanded balance sheet carries a heavier financing burden.

Financial Health Signals

Financial Health Score 45/100

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 HNI Corporation'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.

Profitability

HNI Corporation has an operating margin of 4.4%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 56/100, indicating healthy but not exceptional operating efficiency. This is down from 8.2% the prior year.

Growth

HNI Corporation's revenue grew 12.4% year-over-year to $2.8B, a solid pace of expansion. This earns a growth score of 60/100.

Leverage

HNI Corporation has elevated debt relative to equity (D/E of 0.70), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 13/100, reflecting increased financial risk.

Liquidity

HNI Corporation's current ratio of 1.24 indicates adequate short-term liquidity, earning a score of 31/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

HNI Corporation has a free cash flow margin of 7.3%, earning a moderate score of 56/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

HNI Corporation's ROE of 2.9% shows moderate profitability relative to equity, earning a score of 56/100. This is down from 16.6% the prior year.

Altman Z-Score Distress

1.57

HNI Corporation scores 1.57, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

5/9

HNI Corporation passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

5.10x

For every $1 of reported earnings, HNI Corporation generates $5.10 in operating cash flow ($276.3M OCF vs $54.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.54x

HNI Corporation earns $3.54 in operating income for every $1 of interest expense ($126.0M vs $35.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.5B

YoY+120.7%

QoQ+9.3%

5Y CAGR+23.6%

10Y CAGR+10.6%

HNI Corporation generated $1.5B in revenue in Q2 2027. This represents an increase of 120.7% from the same quarter a year earlier. Against the prior quarter it is up 9.3%.

EBITDA

$158.3M

YoY+69.8%

QoQ+308.0%

5Y CAGR+28.4%

10Y CAGR+9.8%

HNI Corporation's EBITDA was $158.3M in Q2 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 69.8% from the same quarter a year earlier. Against the prior quarter it is up 308.0%.

Net Income

$51.1M

YoY+6.0%

QoQ+231.7%

5Y CAGR+24.0%

10Y CAGR+5.8%

HNI Corporation reported $51.1M in net income in Q2 2027. This represents an increase of 6.0% from the same quarter a year earlier. Against the prior quarter it is up 231.7%.

EPS (Diluted)

$0.70

QoQ+227.3%

5Y CAGR+12.4%

10Y CAGR+0.9%

HNI Corporation earned $0.70 per diluted share (EPS) in Q2 2027. Against the prior quarter it is up 227.3%.

Cash & Balance Sheet

Cash & Debt

$105.0M

YoY+228.1%

QoQ+47.1%

5Y CAGR-2.4%

10Y CAGR+15.7%

HNI Corporation held $105.0M in cash against $1.4B in long-term debt as of Q2 2027.

Dividends Per Share

$0.35

QoQ+2.9%

5Y CAGR+2.5%

HNI Corporation paid $0.35 per share in dividends in Q2 2027. Against the prior quarter it is up 2.9%.

Shares Outstanding

72M

QoQ+0.3%

5Y CAGR+10.5%

10Y CAGR+5.0%

HNI Corporation had 72M shares outstanding in Q2 2027. Against the prior quarter it is up 0.3%.

Free Cash Flow

Not reported for Q2 2027.

Margins & Returns

Gross Margin

44.0%

YoY+1.1pp

QoQ+6.9pp

5Y change+7.2pp

10Y change+5.0pp

HNI Corporation's gross margin was 44.0% in Q2 2027, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.9 percentage points.

Operating Margin

6.3%

YoY-4.0pp

QoQ+9.0pp

5Y change+1.4pp

10Y change-2.3pp

HNI Corporation's operating margin was 6.3% in Q2 2027, reflecting core business profitability. This is down 4.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.0 percentage points.

Net Margin

3.5%

YoY-3.8pp

QoQ+6.3pp

5Y change+0.1pp

10Y change-1.9pp

HNI Corporation's net profit margin was 3.5% in Q2 2027, showing the share of revenue converted to profit. This is down 3.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.3 percentage points.

Return on Equity

2.8%

YoY-3.1pp

QoQ+5.0pp

5Y change+0.1pp

10Y change-2.9pp

HNI Corporation's ROE was 2.8% in Q2 2027, measuring profit generated per dollar of shareholder equity. This is down 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.0 percentage points.

Capital Allocation

Share Buybacks

YoY-100.0%

HNI Corporation repurchased no shares in Q2 2027. This represents a decrease of 100.0% from the same quarter a year earlier.

R&D Spending

Not reported for Q2 2027.

Capital Expenditures

Not reported for Q2 2027.

HNI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HNI quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$4.4B	$2.8B+12.4%	$2.5B+3.8%	$2.4B+3.1%	$2.4B+8.1%	$2.2B+11.7%	$2.0B-13.0%	$2.2B-0.5%	$2.3B+3.8%	$2.2B-1.3%	$2.2B-4.4%	$2.3B+3.7%	$2.2B+7.9%	$2.1B+2.8%	$2.0B+9.3%	$1.8B
Cost of Revenue	$2.6B	$1.7B+11.4%	$1.5B+0.5%	$1.5B-2.7%	$1.5B+7.0%	$1.4B+15.6%	$1.2B-12.7%	$1.4B-0.7%	$1.4B+2.2%	$1.4B+1.7%	$1.4B-6.1%	$1.5B+1.3%	$1.4B+7.0%	$1.3B+2.3%	$1.3B+10.1%	$1.2B
Gross Profit	$1.8B	$1.2B+13.8%	$1.0B+9.0%	$948.3M+13.6%	$834.9M+10.2%	$757.4M+5.0%	$721.1M-13.5%	$833.8M-0.2%	$835.0M+6.5%	$784.0M-6.1%	$835.0M-1.5%	$847.4M+8.1%	$784.2M+9.6%	$715.3M+3.8%	$689.2M+7.8%	$639.1M
R&D Expenses	N/A	$56.6M+5.6%	$53.6M+13.6%	$47.2M-1.3%	$47.8M+21.3%	$39.4M+11.6%	$35.3M+1.7%	$34.7M+3.8%	$33.4M+4.9%	$31.8M+13.4%	$28.1M-9.7%	$31.1M+4.7%	$29.7M+8.8%	$27.3M+1.5%	$26.9M+16.5%	$23.1M
SG&A Expenses	$1.6B	$937.0M+14.2%	$820.7M+6.3%	$772.0M+6.7%	$723.4M+8.7%	$665.6M+7.2%	$620.9M-8.7%	$680.0M-1.6%	$691.1M+2.9%	$671.8M+0.6%	$667.7M-0.7%	$672.1M+3.6%	$649.1M+7.0%	$606.5M+1.1%	$599.7M+8.2%	$554.3M
Operating Income	$89.1M	$126.0M-39.0%	$206.5M+128.7%	$90.3M-41.8%	$155.2M+81.7%	$85.4M+39.1%	$61.4M-59.4%	$151.3M+18.1%	$128.2M+67.1%	$76.7M-42.6%	$133.7M-18.3%	$163.7M+45.0%	$112.8M+6.5%	$106.0M+21.0%	$87.6M+7.5%	$81.5M
EBITDA	N/A	$233.1M-25.8%	$314.3M+69.7%	$185.2M-22.6%	$239.4M+42.1%	$168.5M+21.1%	$139.1M-39.2%	$228.8M+12.7%	$203.0M+35.7%	$149.6M-26.2%	$202.6M-8.4%	$221.2M+30.5%	$169.6M+11.1%	$152.6M+16.5%	$131.0M+2.5%	$127.8M
Interest Expense	$68.4M	$35.6M+30.9%	$27.2M+6.7%	$25.5M+189.8%	$8.8M+23.0%	$7.2M+2.3%	$7.0M-19.0%	$8.6M-8.7%	$9.4M+55.4%	$6.1M+19.5%	$5.1M-26.3%	$6.9M-17.2%	$8.3M-15.8%	$9.9M-8.8%	$10.9M-9.1%	$12.0M
Income Tax	$21.0M	$36.5M-8.3%	$39.8M+155.1%	$15.6M-30.7%	$22.5M+21.6%	$18.5M+48.0%	$12.5M-61.2%	$32.2M+26.8%	$25.4M+231.7%	-$19.3M-144.6%	$43.3M-16.4%	$51.8M+18.2%	$43.8M+31.3%	$33.3M+13.9%	$29.3M+19.9%	$24.4M
Net Income	$4.4M	$54.2M-61.1%	$139.5M+183.5%	$49.2M-60.3%	$123.9M+107.2%	$59.8M+42.7%	$41.9M-62.1%	$110.5M+18.3%	$93.4M+4.0%	$89.8M+4.9%	$85.6M-18.8%	$105.4M+71.5%	$61.5M-3.5%	$63.7M+30.1%	$49.0M+6.5%	$46.0M
EPS (Basic)	N/A	$1.13-61.7%	$2.95+165.8%	$1.11-62.6%	$2.97+115.2%	$1.38+40.8%	$0.98-61.7%	$2.56+19.6%	$2.14+4.4%	$2.05+6.2%	$1.93-18.9%	$2.38+73.7%	$1.37-2.8%	$1.41+30.6%	$1.08+4.9%	$1.03
EPS (Diluted)	—	$1.11-61.5%	$2.88+164.2%	$1.09-62.9%	$2.94+116.2%	$1.36+38.8%	$0.98-61.4%	$2.54+20.4%	$2.11+5.5%	$2.00+6.4%	$1.88-19.0%	$2.32+71.9%	$1.35-2.9%	$1.39+29.9%	$1.07+5.9%	$1.01
Diluted Shares (Avg)	N/A	49M+0.8%	49M+6.8%	45M+7.6%	42M-4.1%	44M+2.3%	43M-1.1%	43M-1.9%	44M-1.1%	45M-1.5%	46M+0.1%	45M-0.3%	46M-0.8%	46M+0.3%	46M+0.3%	46M

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Revenue	$1.5B+120.7%	$1.3B+124.7%	$888.3M+38.3%	$683.8M+1.7%	$667.1M+7.0%	$599.8M+2.0%	$642.5M-5.5%	$672.2M-5.5%
Cost of Revenue	$825.2M+116.6%	$847.6M+134.5%	$524.9M+37.4%	$395.7M+0.6%	$380.9M+5.1%	$361.4M+1.8%	$382.1M-6.0%	$393.4M-7.7%
Gross Profit	$647.2M+126.1%	$499.9M+109.7%	$363.4M+39.5%	$288.1M+3.3%	$286.2M+9.5%	$238.4M+2.4%	$260.5M-4.6%	$278.8M-2.3%
SG&A Expenses	$533.0M+147.3%	$514.8M+148.0%	$291.2M+43.2%	$222.7M+6.9%	$215.5M+4.7%	$207.6M+2.2%	$203.3M+19.7%	$208.4M-6.7%
Operating Income	$92.1M+35.0%	-$36.4M-249.2%	-$31.2M-157.2%	$64.6M-6.2%	$68.2M+27.7%	$24.4M-17.8%	$54.5M+77.5%	$68.9M+21.3%
EBITDA	$158.3M+69.8%	$38.8M-22.2%	$500K-99.4%	$89.5M-7.0%	$93.2M+16.8%	$49.9M-11.1%	$82.2M+43.5%	$96.2M+16.7%
Interest Expense	$23.7M+288.5%	$20.7M+276.4%	$16.8M+229.4%	$7.2M+1.4%	$6.1M-17.6%	$5.5M-27.6%	$5.1M-35.4%	$7.1M-24.5%
Income Tax	$20.1M+45.7%	-$16.8M-436.0%	$1.5M-86.6%	$16.2M+13.3%	$13.8M+38.0%	$5.0M+16.3%	$11.2M	$14.3M+49.0%
Net Income	$51.1M+6.0%	-$38.8M-379.1%	-$49.1M-228.2%	$41.2M-13.3%	$48.2M+33.9%	$13.9M-21.5%	$38.3M+69.5%	$47.5M+25.7%
EPS (Basic)	$0.70-32.7%	-$0.55-283.3%	-$1.10-235.8%	$0.90-10.0%	$1.04+36.8%	$0.30-21.1%	$0.81+58.8%	$1.00+23.5%
EPS (Diluted)	$0.70	-$0.55-289.7%	-$1.08-236.7%	$0.88-10.2%	$1.02+36.0%	$0.29-21.6%	$0.79+61.2%	$0.98+22.5%
Diluted Shares (Avg)	72M	72M+49.2%	N/A	47M-4.1%	47M-2.3%	48M-0.2%	N/A	49M+3.0%

Not reported in any period shown, so not listed: R&D Expenses.

HNI Balance Sheet

HNI quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$4.9B+160.5%	$1.9B-2.8%	$1.9B+36.4%	$1.4B-5.6%	$1.5B+5.6%	$1.4B-2.4%	$1.5B+3.6%	$1.4B+0.7%	$1.4B+4.6%	$1.3B+5.2%	$1.3B+2.0%	$1.2B+9.2%	$1.1B+5.4%	$1.1B+2.4%	$1.1B
Current Assets	$1.4B+170.4%	$522.2M-2.6%	$535.9M+14.2%	$469.2M-10.4%	$523.5M+5.6%	$495.7M-6.3%	$528.8M-0.6%	$531.9M+8.8%	$488.9M+12.9%	$433.0M-1.2%	$438.4M-3.8%	$455.6M+5.2%	$433.2M+7.7%	$402.4M-6.8%	$431.5M
Cash & Equivalents	$209.2M+935.6%	$20.2M-30.1%	$28.9M+66.1%	$17.4M-66.7%	$52.3M-55.0%	$116.1M+123.0%	$52.1M-32.2%	$76.8M+229.0%	$23.3M-35.7%	$36.3M+27.2%	$28.5M-16.4%	$34.1M-47.5%	$65.0M+55.6%	$41.8M-42.6%	$72.8M
Short-Term Investments	$6.5M+1.6%	$6.4M+14.3%	$5.6M+180.0%	$2.0M+42.9%	$1.4M-17.0%	$1.7M+53.9%	$1.1M-17.4%	$1.3M-34.1%	$2.0M-10.5%	$2.3M-47.0%	$4.3M+39.3%	$3.1M-57.9%	$7.3M0.0%	$7.3M-20.8%	$9.2M
Inventory	$475.3M+144.6%	$194.3M-1.2%	$196.6M+9.2%	$180.1M-0.8%	$181.6M+31.8%	$137.8M-15.7%	$163.5M+4.0%	$157.2M+1.0%	$155.7M+31.4%	$118.4M-5.4%	$125.2M+2.8%	$121.8M+36.1%	$89.5M-4.3%	$93.5M-8.2%	$101.9M
Accounts Receivable	N/A	N/A	$247.1M+13.1%	$218.4M-9.0%	$240.0M+15.4%	$208.0M-25.2%	$278.1M+9.0%	$255.2M-1.3%	$258.6M+12.7%	$229.4M-5.7%	$243.4M+1.4%	$240.1M+5.0%	$228.7M+7.1%	$213.5M+4.6%	$204.0M
Long-Term Investments	$30.2M+40.5%	$21.5M+11.4%	$19.3M+56.9%	$12.3M-14.6%	$14.4M+7.4%	$13.4M+2.6%	$13.1M+22.4%	$10.7M+1.9%	$10.5M+4.4%	$10.0M+24.4%	$8.1M-12.7%	$9.2M+1.4%	$9.1M-31.8%	$13.4M+24.7%	$10.7M
Goodwill	$958.0M+116.7%	$442.1M+0.2%	$441.0M+44.2%	$305.9M+2.9%	$297.3M+1.7%	$292.4M+8.0%	$270.8M0.0%	$270.8M-3.1%	$279.5M-3.9%	$290.7M+4.7%	$277.6M-0.6%	$279.3M-2.6%	$286.7M-0.6%	$288.3M+6.5%	$270.8M
Total Liabilities	$3.0B+194.7%	$1.0B-11.3%	$1.2B+46.3%	$797.7M-12.1%	$907.9M+9.7%	$827.3M-4.7%	$868.5M+3.5%	$838.9M-4.4%	$877.5M+5.8%	$829.6M+5.4%	$787.0M-4.6%	$824.7M+18.1%	$698.4M+6.3%	$656.7M+3.8%	$632.7M
Current Liabilities	$1.1B+138.6%	$477.5M+3.0%	$463.7M+17.4%	$395.1M-22.0%	$506.4M+15.3%	$439.0M-8.3%	$478.7M+10.2%	$434.3M-11.3%	$489.7M+5.7%	$463.5M+6.3%	$435.9M-4.7%	$457.3M+11.1%	$411.6M+5.8%	$389.2M+1.8%	$382.3M
Non-Current Liabilities	$1.9B+242.8%	$557.2M-20.8%	$703.3M+74.7%	$402.6M+0.3%	$401.5M+3.4%	$388.3M-0.4%	$389.8M-3.7%	$404.6M+4.3%	$387.8M+5.9%	$366.2M+4.3%	$351.1M-4.4%	$367.4M+28.1%	$286.8M+7.2%	$267.5M+6.8%	$250.4M
Long-Term Debt	$1.3B+333.9%	$294.3M-31.3%	$428.3M+126.9%	$188.8M+8.1%	$174.6M0.0%	$174.5M0.0%	$174.4M-30.0%	$249.4M+3.9%	$240.0M+33.3%	$180.0M-2.7%	$185.0M-6.4%	$197.7M+31.7%	$150.1M0.0%	$150.1M0.0%	$150.2M
Total Equity	$1.8B+118.5%	$840.1M+10.3%	$761.4M+23.5%	$616.5M+4.6%	$589.6M-0.1%	$590.4M+1.1%	$584.0M+3.8%	$562.9M+9.5%	$514.1M+2.7%	$500.6M+5.0%	$477.0M+15.0%	$414.6M-5.0%	$436.3M+3.8%	$420.4M+0.3%	$419.1M
Retained Earnings	$590.4M-1.5%	$599.6M+14.5%	$523.6M-1.9%	$534.0M+3.8%	$514.6M-0.7%	$518.0M-2.2%	$529.7M+4.9%	$504.9M+8.0%	$467.3M+1.3%	$461.5M+6.4%	$433.6M+15.6%	$374.9M+0.3%	$373.7M+5.6%	$353.9M+1.6%	$348.2M

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Total Assets	$4.8B+152.0%	$4.8B+156.9%	$4.9B+160.5%	$1.8B-3.7%	$1.9B-1.5%	$1.9B-2.8%	$1.9B-2.8%	$1.9B-5.1%
Current Assets	$1.4B+136.0%	$1.3B+145.0%	$1.4B+170.4%	$542.9M-3.3%	$597.6M+5.2%	$529.3M+0.4%	$522.2M-2.6%	$561.7M-1.9%
Cash & Equivalents	$105.0M+228.1%	$71.4M+238.4%	$209.2M+935.6%	$20.7M-39.7%	$32.0M+13.5%	$21.1M-21.9%	$20.2M-30.1%	$34.3M+40.6%
Short-Term Investments	$3.2M-48.4%	$6.8M+6.3%	$6.5M+1.6%	$7.4M+25.4%	$6.2M+17.0%	$6.4M+16.4%	$6.4M+14.3%	$5.9M+1.7%
Inventory	$498.8M+130.4%	$490.5M+139.3%	$475.3M+144.6%	$194.5M-7.5%	$216.5M-2.8%	$205.0M-3.3%	$194.3M-1.2%	$210.3M-8.1%
Long-Term Investments	$7.7M+220.8%	$8.9M+270.8%	$30.2M+40.5%	$0	$2.4M	$2.4M	$21.5M+11.4%	$0
Goodwill	$833.3M+88.5%	$835.4M+89.0%	$958.0M+116.7%	$442.1M0.0%	$442.1M0.0%	$442.1M0.0%	$442.1M+0.2%	$442.1M-10.8%
Total Liabilities	$3.0B+173.6%	$3.0B+184.5%	$3.0B+194.7%	$1.0B-5.6%	$1.1B-4.5%	$1.1B-7.6%	$1.0B-11.3%	$1.1B-16.4%
Current Liabilities	$1.0B+152.2%	$936.1M+111.0%	$1.1B+138.6%	$409.0M-20.5%	$410.7M-13.4%	$443.7M+8.8%	$477.5M+3.0%	$514.3M+2.4%
Non-Current Liabilities	$2.0B+186.4%	$2.1B+237.9%	$1.9B+242.8%	$598.1M+8.3%	$690.3M+1.7%	$610.5M-16.7%	$557.2M-20.8%	$552.1M-28.6%
Long-Term Debt	$1.4B+205.4%	$1.4B+302.3%	$1.3B+333.9%	$324.2M+10.1%	$444.4M+7.9%	$354.7M-22.9%	$294.3M-31.3%	$294.5M-40.3%
Total Equity	$1.8B+122.6%	$1.8B+120.7%	$1.8B+118.5%	$835.9M-1.3%	$811.0M+2.9%	$803.6M+4.2%	$840.1M+10.3%	$846.6M+14.3%
Retained Earnings	N/A	N/A	$590.4M-1.5%	N/A	N/A	N/A	$599.6M+14.5%	N/A

Not reported in any period shown, so not listed: Accounts Receivable.

HNI Cash Flow Statement

HNI quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$200.6M	$276.3M+21.9%	$226.7M-15.3%	$267.5M+229.4%	$81.2M-38.3%	$131.6M-38.6%	$214.5M-2.2%	$219.4M+17.7%	$186.4M+40.0%	$133.1M-40.4%	$223.4M+28.8%	$173.4M+3.3%	$167.8M+1.7%	$165.0M+14.0%	$144.8M+7.8%	$134.3M
Depreciation & Amortization	N/A	$107.1M-0.6%	$107.8M+13.6%	$94.9M+12.7%	$84.2M+1.3%	$83.1M+6.9%	$77.7M+0.4%	$77.4M+3.5%	$74.8M+2.6%	$72.9M+5.7%	$68.9M+19.8%	$57.6M+1.5%	$56.7M+21.7%	$46.6M+7.5%	$43.4M-6.3%	$46.3M
Stock-Based Compensation	N/A	$24.7M+42.0%	$17.4M+5.5%	$16.5M+83.3%	$9.0M-30.2%	$12.9M+65.4%	$7.8M+14.2%	$6.8M-6.7%	$7.3M-5.6%	$7.8M-4.8%	$8.1M-10.5%	$9.1M+5.8%	$8.6M+15.4%	$7.5M+15.8%	$6.4M-10.2%	$7.2M
Capital Expenditures	N/A	$67.8M+28.2%	$52.9M-33.1%	$79.1M+15.6%	$68.4M+2.9%	$66.5M+59.1%	$41.8M-37.5%	$66.9M+5.0%	$63.7M-41.7%	$109.2M+16.9%	$93.4M+13.1%	$82.6M+11.1%	$74.3M+21.9%	$61.0M+54.5%	$39.5M+42.0%	$27.8M
Free Cash Flow	N/A	$208.5M+20.0%	$173.8M-7.7%	$188.4M+1371.9%	$12.8M-80.3%	$65.1M-62.3%	$172.7M+13.2%	$152.5M+24.2%	$122.7M+413.4%	$23.9M-81.6%	$129.9M+43.2%	$90.7M-2.9%	$93.5M-10.1%	$104.0M-1.2%	$105.3M-1.1%	$106.5M
Investing Cash Flow	-$505.3M	-$443.9M-770.4%	-$51.0M+88.5%	-$444.8M-4057.0%	-$10.7M+90.4%	-$111.0M-10.6%	-$100.4M-59.6%	-$62.9M-52.6%	-$41.2M+65.1%	-$118.0M+22.9%	-$153.0M-35.6%	-$112.9M+26.8%	-$154.2M-104.5%	-$75.4M+12.1%	-$85.8M+6.3%	-$91.5M
Financing Cash Flow	$385.3M	$363.1M+299.3%	-$182.2M-196.5%	$188.8M+279.1%	-$105.4M-24.7%	-$84.5M-68.7%	-$50.1M+72.4%	-$181.2M-97.6%	-$91.7M-226.6%	-$28.1M+55.1%	-$62.6M+5.3%	-$66.1M-48.6%	-$44.5M+33.0%	-$66.3M+26.3%	-$90.0M-30.4%	-$69.0M
Dividends Paid	$83.3M	$63.1M-0.8%	$63.6M+8.7%	$58.5M+10.0%	$53.2M-1.1%	$53.8M+3.3%	$52.1M-0.3%	$52.2M+2.2%	$51.1M+3.1%	$49.6M+2.2%	$48.5M+4.7%	$46.3M+4.5%	$44.3M+1.9%	$43.5M+1.1%	$43.0M+4.3%	$41.3M
Share Buybacks	$3.8M	$83.6M+27.1%	$65.8M+21833.3%	$300K-99.5%	$65.2M+10.1%	$59.2M+770.6%	$6.8M-91.9%	$83.9M+175.5%	$30.5M-47.0%	$57.5M+3.0%	$55.8M+109.4%	$26.7M-60.7%	$67.9M+147.0%	$27.5M+30.8%	$21.0M+110.2%	$10.0M

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Operating Cash Flow	$139.8M+349.5%	-$171.8M-1463.5%	$77.4M+51.2%	$155.2M+20.8%	$31.1M-39.4%	$12.6M+393.0%	$51.2M-51.2%	$128.5M+4.7%
Depreciation & Amortization	$66.2M+164.8%	$75.2M+194.9%	$31.7M+14.4%	$24.9M-8.8%	$25.0M-5.3%	$25.5M-3.4%	$27.7M+4.1%	$27.3M+6.6%
Stock-Based Compensation	$9.6M+190.9%	$18.1M+166.2%	N/A	$3.3M+57.1%	$3.3M-17.5%	$6.8M-11.7%	N/A	$2.1M-43.2%
Capital Expenditures	N/A	$35.7M+119.0%	$17.0M+75.3%	$19.6M+35.2%	$15.0M-14.3%	$16.3M+45.5%	$9.7M-40.5%	$14.5M-32.9%
Free Cash Flow	N/A	-$207.5M-5508.1%	$60.4M+45.5%	$135.6M+18.9%	$16.1M-52.4%	-$3.7M+76.1%	$41.5M-53.2%	$114.0M+12.8%
Investing Cash Flow	-$6.7M-8.1%	-$73.1M-499.2%	-$405.8M-4263.4%	-$19.7M-33.1%	-$6.2M+62.0%	-$12.2M-15.1%	-$9.3M+45.9%	-$14.8M+11.9%
Financing Cash Flow	-$100.9M-586.4%	$107.3M+9854.5%	$525.7M+1079.0%	-$146.8M-36.3%	-$14.7M+56.4%	-$1.1M-108.5%	-$53.7M+35.5%	-$107.7M-2.4%
Dividends Paid	$25.5M+62.4%	$26.6M+64.2%	$15.6M-0.6%	$15.6M-1.3%	$15.7M+1.3%	$16.2M-2.4%	$15.7M+4.7%	$15.8M+6.0%
Share Buybacks	$0-100.0%	$0-100.0%	$0-100.0%	$3.8M-66.7%	$39.4M+264.8%	$40.4M+1453.8%	$41.0M+13566.7%	$11.4M

HNI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HNI quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	41.4%+0.5pp	40.9%+1.9pp	39.0%+3.6pp	35.4%+0.7pp	34.7%-2.2pp	36.9%-0.2pp	37.1%+0.1pp	37.0%+1.0pp	36.0%-1.9pp	37.9%+1.1pp	36.8%+1.5pp	35.3%+0.6pp	34.7%+0.3pp	34.4%-0.5pp	34.9%
Operating Margin	4.4%-3.7pp	8.2%+4.5pp	3.7%-2.9pp	6.6%+2.7pp	3.9%+0.8pp	3.1%-3.6pp	6.7%+1.1pp	5.7%+2.2pp	3.5%-2.5pp	6.1%-1.0pp	7.1%+2.0pp	5.1%-0.1pp	5.1%+0.8pp	4.4%-0.1pp	4.4%
Net Margin	1.9%-3.6pp	5.5%+3.5pp	2.0%-3.2pp	5.3%+2.5pp	2.7%+0.6pp	2.1%-2.8pp	4.9%+0.8pp	4.1%0.0pp	4.1%+0.3pp	3.9%-0.7pp	4.6%+1.8pp	2.8%-0.3pp	3.1%+0.6pp	2.4%-0.1pp	2.5%
Return on Equity	2.9%-13.7pp	16.6%+10.1pp	6.5%-13.6pp	20.1%+10.0pp	10.1%+3.0pp	7.1%-11.8pp	18.9%+2.3pp	16.6%-0.9pp	17.5%+0.4pp	17.1%-5.0pp	22.1%+7.3pp	14.8%+0.2pp	14.6%+2.9pp	11.7%+0.7pp	11.0%
Return on Assets	1.1%-6.3pp	7.4%+4.9pp	2.5%-6.2pp	8.8%+4.8pp	4.0%+1.0pp	2.9%-4.7pp	7.6%+0.9pp	6.7%+0.2pp	6.5%0.0pp	6.4%-1.9pp	8.3%+3.4pp	5.0%-0.6pp	5.6%+1.1pp	4.5%+0.2pp	4.4%
Current Ratio	1.24+0.1x	1.09-0.1x	1.160.0x	1.19+0.2x	1.03-0.1x	1.130.0x	1.10-0.1x	1.22+0.2x	1.00+0.1x	0.93-0.1x	1.010.0x	1.00-0.1x	1.050.0x	1.03-0.1x	1.13
Debt-to-Equity	0.70+0.3x	0.35-0.2x	0.56+0.3x	0.310.0x	0.300.0x	0.300.0x	0.30-0.1x	0.440.0x	0.47+0.1x	0.360.0x	0.39-0.1x	0.48+0.1x	0.340.0x	0.360.0x	0.36
Asset Turnover	0.58-0.8x	1.35+0.1x	1.26-0.4x	1.67+0.2x	1.46+0.1x	1.38-0.2x	1.55-0.1x	1.610.0x	1.56-0.1x	1.66-0.2x	1.820.0x	1.790.0x	1.820.0x	1.86+0.1x	1.74
FCF Margin	7.3%+0.5pp	6.9%-0.9pp	7.7%+7.2pp	0.5%-2.4pp	3.0%-5.9pp	8.8%+2.0pp	6.8%+1.4pp	5.4%+4.3pp	1.1%-4.8pp	5.9%+2.0pp	3.9%-0.3pp	4.2%-0.8pp	5.1%-0.2pp	5.3%-0.6pp	5.8%

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Gross Margin	44.0%+1.1pp	37.1%-2.7pp	40.9%+0.4pp	42.1%+0.7pp	42.9%+1.0pp	39.8%+0.2pp	40.5%+0.4pp	41.5%+1.4pp
Operating Margin	6.3%-4.0pp	-2.7%-6.8pp	-3.5%-12.0pp	9.4%-0.8pp	10.2%+1.7pp	4.1%-1.0pp	8.5%+4.0pp	10.3%+2.3pp
Net Margin	3.5%-3.8pp	-2.9%-5.2pp	-5.5%-11.5pp	6.0%-1.0pp	7.2%+1.5pp	2.3%-0.7pp	6.0%+2.6pp	7.1%+1.8pp
Return on Equity	2.8%-3.1pp	-2.2%-3.9pp	-2.7%-7.2pp	4.9%-0.7pp	5.9%+1.4pp	1.7%-0.6pp	4.6%+1.6pp	5.6%+0.5pp
Return on Assets	1.1%-1.5pp	-0.8%-1.6pp	-1.0%-3.0pp	2.2%-0.2pp	2.5%+0.7pp	0.8%-0.2pp	2.0%+0.9pp	2.5%+0.6pp
Current Ratio	1.36-0.1x	1.39+0.2x	1.24+0.1x	1.33+0.2x	1.46+0.3x	1.19-0.1x	1.09-0.1x	1.090.0x
Debt-to-Equity	0.75+0.2x	0.80+0.4x	0.70+0.3x	0.390.0x	0.550.0x	0.44-0.2x	0.35-0.2x	0.35-0.3x
Asset Turnover	0.310.0x	0.280.0x	0.18-0.2x	0.370.0x	0.350.0x	0.320.0x	0.340.0x	0.350.0x
FCF Margin	N/A	-15.4%-14.8pp	6.8%+0.3pp	19.8%+2.9pp	2.4%-3.0pp	-0.6%+2.0pp	6.5%-6.6pp	17.0%+2.7pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
HNI Corporation HNI	FY2025	$2.8B	$54.2M	1.9%	$3.4B	45/100
Patrick Industries Inc PATK	FY2025	$4.0B	$135.1M	3.4%	$2.1B	57/100
Steelcase, Inc. SCS	FY2025	$3.2B	$120.7M	3.8%	$1.9B	46/100
MasterBrand, Inc. MBC	FY2025	$2.7B	$26.7M	1.0%	$1.4B	46/100
Whirlpool Corp. WHR	FY2025	$15.5B	$318.0M	2.1%	$2.0B	26/100
Interface Inc TILE	FY2025	$1.4B	$116.1M	8.4%	$2.0B	65/100

Where HNI Corporation Ranks

Frequently Asked Questions

What is HNI Corporation's annual revenue?

HNI Corporation (HNI) reported $2.8B in total revenue for fiscal year 2025. This represents a 12.4% 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 Corporation's revenue growing?

HNI Corporation (HNI) revenue grew by 12.4% year-over-year, from $2.5B to $2.8B in fiscal year 2025.

Is HNI Corporation profitable?

Yes, HNI Corporation (HNI) reported a net income of $54.2M in fiscal year 2025, with a net profit margin of 1.9%.

What is HNI Corporation's EBITDA?

HNI Corporation (HNI) had EBITDA of $233.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does HNI Corporation have?

As of fiscal year 2025, HNI Corporation (HNI) had $209.2M in cash and equivalents against $1.3B in long-term debt.

What is HNI Corporation's gross margin?

HNI Corporation (HNI) had a gross margin of 41.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is HNI Corporation's operating margin?

HNI Corporation (HNI) had an operating margin of 4.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is HNI Corporation's net profit margin?

HNI Corporation (HNI) had a net profit margin of 1.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does HNI Corporation pay dividends?

Yes, HNI Corporation (HNI) paid $1.35 per share in dividends during fiscal year 2025.

What is HNI Corporation's return on equity (ROE)?

HNI Corporation (HNI) has a return on equity of 2.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is HNI Corporation's free cash flow?

HNI Corporation (HNI) generated $208.5M in free cash flow during fiscal year 2025. This represents a 20.0% 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 Corporation's operating cash flow?

HNI Corporation (HNI) generated $276.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are HNI Corporation's total assets?

HNI Corporation (HNI) had $4.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are HNI Corporation's capital expenditures?

HNI Corporation (HNI) invested $67.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does HNI Corporation spend on research and development?

HNI Corporation (HNI) invested $56.6M in research and development during fiscal year 2025.

Does HNI Corporation buy back shares?

Yes, HNI Corporation (HNI) spent $83.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does HNI Corporation have outstanding?

HNI Corporation (HNI) had 71M shares outstanding as of fiscal year 2025.

What is HNI Corporation's current ratio?

HNI Corporation (HNI) had a current ratio of 1.24 as of fiscal year 2025, which is considered adequate.

What is HNI Corporation's debt-to-equity ratio?

HNI Corporation (HNI) had a debt-to-equity ratio of 0.70 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is HNI Corporation's return on assets (ROA)?

HNI Corporation (HNI) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is HNI Corporation's P/E ratio?

HNI Corporation (HNI) trades at 767x earnings, its market capitalization divided by net income of $4.4M net income, trailing 12 months to July 4, 2026. The market capitalization is $3.4B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is HNI Corporation's price-to-sales ratio?

HNI Corporation (HNI) trades at 0.8x sales, its market capitalization divided by revenue of $4.4B revenue, trailing 12 months to July 4, 2026. The market capitalization is $3.4B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is HNI Corporation's Altman Z-Score?

HNI Corporation (HNI) has an Altman Z-Score of 1.57, placing it in the Distress Zone (elevated 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 Corporation's Piotroski F-Score?

HNI Corporation (HNI) has a Piotroski F-Score of 5 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 HNI Corporation's earnings high quality?

HNI Corporation (HNI) has an earnings quality ratio of 5.10x, 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.

Can HNI Corporation cover its interest payments?

HNI Corporation (HNI) has an interest coverage ratio of 3.54x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is HNI Corporation?

HNI Corporation (HNI) scores 45 out of 100 on our Financial Health Score, indicating moderate 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.