HNI CORP HNI

Industrials SIC 2522 - Office Furniture (No Wood) NAICS Manufacturing › Furniture and Related Product Manufacturing › Office Furniture (including Fixtures) Manufacturing › Office Furniture (except Wood) Manufacturing derived NYSE

Last close 47.57 2026-10-23
Market cap $3.43B 2026-07-04 share count
52-week range 28.93 - 52.79

Valuation FY2025 figures against the last close

P/S1.2x
P/E42.9x
P/FCF16.5x
EV/EBITDA19.4x
Dividend yield1.8%
Diluted EPS1.11

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Workplace Furnishings
  • Residential Building Products
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Workplace Furnishings, FY2025: 2.2B (76.2%) 76% Workplace Furnishings Residential Building Products, FY2025: 674.9M (23.8%) 24% Residential Building Products FY2024 Workplace Furnishings, FY2024: 1.9B (74.7%) 75% Residential Building Products, FY2024: 638.4M (25.3%) 25% FY2023 Workplace Furnishings, FY2023: 1.7B (71.5%) 71% Residential Building Products, FY2023: 693.7M (28.5%) 29%
Segment FY2025FY2024FY2023
Workplace Furnishings $2.16B $1.89B $1.74B
Residential Building Products $674.9M $638.4M $693.7M

As the company reported it, from the “Reportable Segment Information - Schedule of Reportable Segment Data (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 1.132.951.112.971.380.982.562.142.051.93
EPS, diluted 1.112.881.092.941.360.982.542.112.001.88
Shares, diluted (wtd. avg.) 48.9M48.5M45.4M42.2M44.0M43.0M43.5M44.3M44.8M45.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 2.2B Gross profit, FY2016: 835M Net income, FY2016: 85.6M Revenue, FY2017: 2.2B Gross profit, FY2017: 784M Net income, FY2017: 89.8M Revenue, FY2018: 2.3B Gross profit, FY2018: 835M Net income, FY2018: 93.4M Revenue, FY2019: 2.2B Gross profit, FY2019: 833.8M Net income, FY2019: 110.5M Revenue, FY2020: 2B Gross profit, FY2020: 721.1M Net income, FY2020: 41.9M Revenue, FY2021: 2.2B Gross profit, FY2021: 757.4M Net income, FY2021: 59.8M Revenue, FY2022: 2.4B Gross profit, FY2022: 834.9M Net income, FY2022: 123.9M Revenue, FY2023: 2.4B Gross profit, FY2023: 948.3M Net income, FY2023: 49.2M Revenue, FY2024: 2.5B Gross profit, FY2024: 1B Net income, FY2024: 139.5M Revenue, FY2025: 2.8B Gross profit, FY2025: 1.2B Net income, FY2025: 54.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.20B $2.18B $2.26B $2.25B $1.96B $2.18B $2.36B $2.43B $2.53B $2.84B
Gross profit $835.0M $784.0M $835.0M $833.8M $721.1M $757.4M $834.9M $948.3M $1.03B $1.18B
Net income $85.6M $89.8M $93.4M $110.5M $41.9M $59.8M $123.9M $49.2M $139.5M $54.2M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Material impairment The company has written down the carrying value of an asset - often goodwill from an acquisition that did not work out. Item 2.06
  • Material agreement signed Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.