HNI CORP HNI
Last close
49.66
2026-09-04
Market cap
$3.58B
2026-07-04 share count
52-week range
28.93 - 52.79
Valuation FY2025 figures against the last close
P/S1.3x
P/E44.7x
P/FCF17.2x
EV/EBITDA20.0x
Dividend yield1.8%
Diluted EPS1.11
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.84B | $2.53B | $2.43B | $2.36B | $2.18B | $1.96B | $2.25B | $2.26B | $2.18B | $2.20B |
| Cost of revenue | $1.66B | $1.49B | $1.49B | $1.53B | $1.43B | $1.23B | $1.41B | $1.42B | $1.39B | $1.37B |
| Gross profit | $1.18B | $1.03B | $948.3M | $834.9M | $757.4M | $721.1M | $833.8M | $835.0M | $784.0M | $835.0M |
| R&D | $56.6M | $53.6M | $47.2M | $47.8M | $39.4M | $35.3M | $34.7M | $33.4M | $31.8M | $28.1M |
| SG&A | $937.0M | $820.7M | $772.0M | $723.4M | $665.6M | $620.9M | $680.0M | $691.1M | $671.8M | $667.7M |
| Operating income | $126.0M | $206.5M | $90.3M | $155.2M | $85.4M | $61.4M | $151.3M | $128.2M | $76.7M | $133.7M |
| Interest expense | — | — | — | — | $7.2M | $7.0M | $8.6M | $9.4M | $6.1M | $5.1M |
| Pre-tax income | $90.8M | $179.3M | $64.8M | $146.4M | $78.3M | $54.4M | $142.7M | $118.7M | $70.6M | $128.9M |
| Income tax | $36.5M | $39.8M | $15.6M | $22.5M | $18.5M | $12.5M | $32.2M | $25.4M | $19.3M | $43.3M |
| Net income | $54.2M | $139.5M | $49.2M | $123.9M | $59.8M | $41.9M | $110.5M | $93.4M | $89.8M | $85.6M |
| EPS, basic | 1.13 | 2.95 | 1.11 | 2.97 | 1.38 | 0.98 | 2.56 | 2.14 | 2.05 | 1.93 |
| EPS, diluted | 1.11 | 2.88 | 1.09 | 2.94 | 1.36 | 0.98 | 2.54 | 2.11 | 2.00 | 1.88 |
| Shares, diluted (wtd. avg.) | $48.9M | $48.5M | $45.4M | $42.2M | $44.0M | $43.0M | $43.5M | $44.3M | $44.8M | $45.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $209.2M | $20.2M | $28.9M | $17.4M | $52.3M | $116.1M | $52.1M | $76.8M | $23.3M | $36.3M |
| Short-term investments | $6.5M | $6.4M | $5.6M | $2.0M | $1.4M | $1.7M | $1.1M | $1.3M | $2.0M | $2.3M |
| Receivables | — | — | $247.1M | $218.4M | $240.0M | $208.0M | $278.1M | $255.2M | $258.6M | $229.4M |
| Inventory | $475.3M | $194.3M | $196.6M | $180.1M | $181.6M | $137.8M | $163.5M | $157.2M | $155.7M | $118.4M |
| Total current assets | $1.41B | $522.2M | $535.9M | $469.2M | $523.5M | $495.7M | $528.8M | $531.9M | $488.9M | $433.0M |
| Property, plant and equipment | $1.14B | $529.6M | $555.2M | $352.5M | $366.8M | $366.0M | $381.5M | $384.9M | $390.3M | $356.4M |
| Goodwill | $958.0M | $442.1M | $441.0M | $305.9M | $297.3M | $292.4M | $270.8M | $270.8M | $279.5M | $290.7M |
| Other intangibles | $425.5M | $133.1M | $161.7M | $118.4M | $147.6M | $139.9M | $146.0M | $163.7M | $182.2M | $182.7M |
| Total assets | $4.88B | $1.88B | $1.93B | $1.41B | $1.50B | $1.42B | $1.45B | $1.40B | $1.39B | $1.33B |
| Accounts payable | $1.02B | $391.2M | $418.7M | $367.7M | $473.8M | $413.6M | $453.2M | $428.9M | $450.1M | $425.0M |
| Short-term debt | $16.2M | $50.3M | $7.5M | $1.3M | $3.2M | $841.0K | $790.0K | $679.0K | $36.6M | $34.0M |
| Total current liabilities | $1.14B | $477.5M | $463.7M | $395.1M | $506.4M | $439.0M | $478.7M | $434.3M | $489.7M | $463.5M |
| Long-term debt | $1.28B | $294.3M | $428.3M | $188.8M | $174.6M | $174.5M | $174.4M | $249.4M | $240.0M | $180.0M |
| Total liabilities | $3.05B | $1.03B | $1.17B | — | — | — | — | — | — | — |
| Retained earnings | $590.4M | $599.6M | $523.6M | $534.0M | $514.6M | $518.0M | $529.7M | $504.9M | $467.3M | $461.5M |
| Total equity | $1.84B | $840.1M | $761.8M | $616.8M | $590.0M | $590.7M | $584.4M | $563.3M | $514.6M | $501.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $276.3M | $226.7M | $267.5M | $81.2M | $131.6M | $214.5M | $219.4M | $186.4M | $133.1M | $223.4M |
| Depreciation and amortisation | $107.1M | $107.8M | $94.9M | $84.2M | $83.1M | $77.7M | $77.4M | $74.8M | $72.9M | $68.9M |
| Stock-based compensation | $24.7M | $17.4M | $16.5M | $9.0M | $12.9M | $7.8M | $6.8M | $7.3M | $7.8M | $8.1M |
| Capital expenditure | $67.8M | $52.9M | $79.1M | $68.4M | $66.5M | $41.8M | $66.9M | $63.7M | $127.4M | $119.6M |
| Investing cash flow | -$443.9M | -$51.0M | -$444.8M | -$10.7M | -$111.0M | -$100.4M | -$62.9M | -$41.2M | -$118.0M | -$153.0M |
| Financing cash flow | $363.1M | -$182.2M | $188.8M | -$105.4M | -$84.5M | -$50.1M | -$181.2M | -$91.7M | -$28.1M | -$62.6M |
| Dividends paid | $63.1M | $63.6M | $58.5M | $53.2M | $53.8M | $52.1M | $52.2M | $51.1M | $49.6M | $48.5M |
| Buybacks | $83.6M | $65.8M | $300.0K | $65.2M | $59.2M | $6.8M | $83.9M | $30.5M | $57.5M | $55.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000048287-26-000084.