Hni Corp (HNI) Financial Statements
Industry: Office Furniture (No Wood)
In fiscal 2025, Hni reported revenue of $2.84B, up 12.4% from $2.53B the year before. Net income was $54.2M (a 1.9% net margin), or $1.11 per diluted share. Gross margin was 41.4% and operating margin was 4.4%. Operating activities generated $276.3M of cash, leaving $208.5M of free cash flow. At fiscal year end, Hni held $4.88B in total assets against $3.05B in total liabilities, including $209.2M of cash and equivalents.
Open the full interactive Hni financials → Quarterly statements, key ratios, valuation history and price charts.
Hni Key Stats
| Share Price | $47.72 |
|---|---|
| Market Cap | $3.44B |
| P/E Ratio | 43.0 |
| Dividend Yield | 2.42% |
| Revenue YoY Growth | +12.4% |
| 52-Week Range | $28.73 – $51.22 |
| Shares Outstanding | 72.1 million (basic, 2026 Q2) |
Hni Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.96B | $2.18B | $2.36B | $2.43B | $2.53B | $2.84B |
| Cost of Goods Sold | $1.23B | $1.43B | $1.53B | $1.49B | $1.49B | $1.66B |
| Gross Profit | $721.1M | $757.4M | $834.9M | $948.3M | $1.03B | $1.18B |
| Operating Income | $61.4M | $85.4M | $155.2M | $90.3M | $206.5M | $126.0M |
| Pre-Tax Income | $54.4M | $78.3M | $146.4M | $64.8M | $179.3M | $90.8M |
| Income Tax | $12.5M | $18.5M | $22.5M | $15.6M | $39.8M | $36.5M |
| Net Income | $41.9M | $59.8M | $123.9M | $49.2M | $139.5M | $54.2M |
| Diluted EPS | $0.98 | $1.36 | $2.94 | $1.09 | $2.88 | $1.11 |
Hni Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $683.8M | $888.3M | $1.35B | $1.47B |
| Net Income | $41.2M | -$49.1M | -$38.8M | $51.1M |
| Diluted EPS | $0.88 | -$1.00 | -$0.55 | $0.70 |
Hni Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $116.1M | $52.3M | $17.4M | $28.9M | $22.5M | $209.2M |
| Current Assets | $495.7M | $523.5M | $469.2M | $535.9M | $524.5M | $1.41B |
| Total Assets | $1.42B | $1.50B | $1.41B | $1.93B | $1.88B | $4.88B |
| Current Liabilities | $439.0M | $506.4M | $395.1M | $463.7M | $477.5M | $1.14B |
| Total Long-Term Debt | $175.4M | $177.8M | $190.1M | $435.8M | $344.6M | $1.29B |
| Total Liabilities | $827.6M | $908.3M | $798.0M | $1.17B | $1.03B | $3.05B |
| Shareholders' Equity | $590.4M | $589.6M | $616.5M | $761.4M | $840.1M | $1.84B |
Hni Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $214.5M | $131.6M | $81.2M | $267.5M | $226.7M | $276.3M |
| Cash From Investing | -$100.4M | -$111.0M | -$10.7M | -$444.8M | -$51.0M | -$443.9M |
| Cash From Financing | -$50.0M | -$84.5M | -$105.4M | $188.8M | -$182.2M | $363.1M |
| Free Cash Flow | $172.7M | $65.1M | $12.8M | $188.4M | $173.8M | $208.5M |
| Dividends Paid | $52.1M | $53.8M | $53.2M | $58.5M | $63.6M | $63.1M |
Figures from Hni's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Hni financials page for every line item.
Hni Company Profile
| Ticker | HNI |
|---|---|
| Exchange | NYSE |
| Industry | Office Furniture (No Wood) |
| Headquarters | Muscatine, Iowa |
| Incorporated in | Iowa |
| Fiscal Year End | January 2 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000048287 |
Frequently Asked Questions
What was Hni's revenue in fiscal 2025?
Hni (HNI) reported revenue of $2.84B for fiscal 2025.
What is Hni's annual revenue history?
Hni's annual revenue by fiscal year: 2020: $1.96B; 2021: $2.18B; 2022: $2.36B; 2023: $2.43B; 2024: $2.53B; 2025: $2.84B.
What was Hni's net income in fiscal 2025?
Hni reported net income of $54.2M for fiscal 2025.
What was Hni's earnings per share (EPS) in fiscal 2025?
Hni's diluted EPS was $1.11 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Hni generate in fiscal 2025?
Hni generated $208.5M of free cash flow in fiscal 2025.
What was Hni's revenue last quarter?
In its most recent reported quarter (2026 Q2), Hni reported revenue of $1.47B.
How much debt does Hni have?
Hni reported $1.29B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Hni are outstanding?
Hni reported a weighted average of 72.1 million basic shares outstanding in 2026 Q2.
What is Hni's market cap?
Based on its latest closing price, Hni (HNI) has a market capitalization of about $3.44B.
When does Hni's fiscal year end?
Hni's fiscal year end, as registered with the SEC, is January 2.
Where is Hni headquartered?
Hni lists its business address in Muscatine, Iowa in its SEC filings.