NYSE · Financial Statements

HNI Corporation (HNI) Financial Statements

$47.57 NYSE: HNI Market Cap $3.43B

HNI Corporation most recently reported annual revenue of $2.8B, net profit of $54.0M. Revenue grew at an average annual rate of 7.7% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

HNI Corporation: Revenue rose from $2.2B in 2016 to $2.8B in 2025, a change of +28.9% over 9 years; net profit was positive in all 10 reported years; operating margin was broadly flat at about 8.5%; the most recent year shows net profit of $54.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$2.2B$2.2B$2.3B$2.2B$2.0B$2.2B$2.4B$2.4B$2.5B$2.8B
Operating Expenses$2.0B$2.1B$2.1B$2.1B$1.9B$2.1B$2.2B$2.3B$2.3B$2.6B
Operating Profit$197.0M$112.0M$144.0M$154.0M$101.0M$92.0M$120.0M$177.0M$217.0M$241.0M
Operating Margin8.9%5.2%6.4%6.8%5.1%4.2%5.1%7.3%8.6%8.5%
Other Income$-68.0M$-42.0M$-25.0M$-11.0M$-46.0M$-13.0M$26.0M$-112.0M$-37.0M$-150.0M
Interest$5.0M$6.0M$10.0M$9.0M$7.0M$7.0M$9.0M$26.0M$27.0M$35.0M
Depreciation$69.0M$73.0M$75.0M$77.0M$78.0M$83.0M$84.0M$95.0M$108.0M$107.0M
Profit Before Tax$129.0M$71.0M$119.0M$143.0M$54.0M$78.0M$146.0M$65.0M$179.0M$91.0M
Tax$33.6M$-27.3M$21.4M$22.6M$22.9M$23.6M$15.4M$24.1M$22.2M$40.2M
Net Profit$86.0M$90.0M$93.0M$111.0M$42.0M$60.0M$124.0M$49.0M$140.0M$54.0M
EPS$1.88$2.00$2.11$2.54$0.98$1.36$2.94$1.08$2.88$1.11
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Mar '26Jun '26
Revenue$564.0M$712.0M$680.0M$588.0M$624.0M$672.0M$643.0M$600.0M$667.0M$684.0M$888.0M$1.3B
Operating Expenses$528.0M$647.0M$614.0M$558.0M$568.0M$600.0M$583.0M$569.0M$596.0M$610.0M$825.0M$1.4B
Operating Profit$36.0M$65.0M$66.0M$30.0M$55.0M$72.0M$60.0M$31.0M$71.0M$74.0M$64.0M$-12.0M
Operating Margin6.4%9.1%9.7%5.1%8.9%10.7%9.3%5.1%10.6%10.8%7.2%-0.9%
Interest$6.0M$9.0M$8.0M$8.0M$7.0M$7.0M$5.0M$6.0M$6.0M$6.0M$17.0M$21.0M
Profit Before Tax$-9.0M$47.0M$23.0M$22.0M$46.0M$62.0M$50.0M$19.0M$62.0M$57.0M$-48.0M$-56.0M
Tax$-42.2M$20.3M$0$19.6M$21.7M$23.1M$22.6M$26.5M$22.3M$28.2M$-3.4M$30.2M
Net Profit$-13.0M$38.0M$23.0M$18.0M$36.0M$48.0M$38.0M$14.0M$48.0M$41.0M$-49.0M$-39.0M
EPS$-0.30$0.80$0.48$0.37$0.75$0.98$0.79$0.29$1.02$0.87$-1.01$-0.55

Over the 10 years reported for HNI Corporation, borrowings increased from $214.0M in 2016 to $1.6B in 2025, cash stood at $209.0M in the latest year, shareholders' equity was $71.0M, current assets covered current liabilities 1.24 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$1.3B$1.4B$1.4B$1.5B$1.4B$1.5B$1.4B$1.9B$1.9B$4.9B
Current Assets$433.0M$488.0M$532.0M$529.0M$496.0M$524.0M$469.0M$536.0M$525.0M$1.4B
Cash$36.0M$23.0M$77.0M$52.0M$116.0M$52.0M$17.0M$29.0M$23.0M$209.0M
Inventory$118.0M$156.0M$157.0M$163.0M$138.0M$182.0M$180.0M$197.0M$194.0M$475.0M
Receivables$229.0M$259.0M$256.0M$275.0M$203.0M$237.0M$218.0M$247.0M$250.0M$571.0M
Fixed Assets$356.0M$390.0M$385.0M$457.0M$442.0M$460.0M$452.0M$683.0M$666.0M$1.4B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$2.0M$5.0M$5.0M$14.0M$15.0M$1.0M$14.0M$25.0M$52.0M$7.0M
Other Assets$291.0M$280.0M$271.0M$271.0M$292.0M$297.0M$306.0M$441.0M$442.0M$958.0M
Total Liabilities$829.0M$877.0M$839.0M$868.0M$827.0M$908.0M$798.0M$1.2B$1.0B$3.0B
Current Liabilities$463.0M$490.0M$434.0M$479.0M$439.0M$506.0M$395.0M$464.0M$478.0M$1.1B
Borrowings$214.0M$277.0M$250.0M$258.0M$255.0M$275.0M$301.0M$578.0M$497.0M$1.6B
Other Liabilities$615.0M$600.0M$589.0M$610.0M$573.0M$633.0M$497.0M$589.0M$538.0M$1.4B
Equity$44.0M$43.0M$44.0M$43.0M$43.0M$43.0M$41.0M$47.0M$47.0M$71.0M
Reserves$501.0M$514.0M$563.0M$584.0M$590.0M$590.0M$617.0M$761.0M$840.0M$1.8B

For HNI Corporation, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $210.0M; free cash flow was positive in 10 of 10 years; financing activities used $77.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$223.0M$133.0M$186.0M$219.0M$214.0M$132.0M$81.0M$268.0M$227.0M$276.0M
Investing Cash Flow$-246.0M$-227.0M$-97.0M$-124.0M$-133.0M$-164.0M$-71.0M$-523.0M$-102.0M$-510.0M
Financing Cash Flow$-53.0M$-55.0M$-31.0M$-85.0M$-6.0M$-64.0M$-69.0M$-3.0M$-77.0M$-77.0M
Net Cash Flow$8.0M$-13.0M$53.0M$-25.0M$64.0M$-64.0M$-35.0M$12.0M$-6.0M$187.0M
Free Cash Flow$130.0M$24.0M$131.0M$159.0M$182.0M$78.0M$21.0M$189.0M$176.0M$210.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-4.48
EV / EBITDA15.08
FCF Yield-3.00%
Quick Ratio0.88
Interest Coverage3.58
Return 1Y14.26%
Return 3Y72.76%
Return 5Y23.08%

HNI Corporation (HNI) financials — frequently asked questions

What is HNI Corporation's annual revenue?

HNI Corporation (HNI) reported annual revenue of $2.8B in its most recent fiscal year.

What is HNI Corporation's net profit?

HNI Corporation (HNI) reported net profit of $54.0M in its most recent fiscal year.

What is HNI EV/EBITDA?

HNI Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is 15.08.

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