HNI Financials Hni Corp

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Nov 4, 2026, 11:11 UTC Overview →

Growth & profitability

Revenue has grown 7.7% per year over the past 5 years.
Net income has grown slower than revenue (5.3% vs 7.7% per year).
Operating margin has expanded, at 4.4% in the latest year.
Free cash flow has grown 3.8% per year over the past 5 years.

Financial health

Total debt ($1.3B) exceeds cash ($209M); net debt is $1.1B.
Total debt has grown faster than revenue (49.1% vs 7.7% per year).
Total debt is 5.5× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 116.4% of earnings and 30.3% of free cash flow.
The dividend has grown 3.9% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$2.8B	$54M	41.4%	4.4%	3.0%	1.1%	$209M	$1.3B	$209M
2024	$2.5B	$140M	40.9%	8.2%	16.6%	7.4%	$174M	$345M	$20M
2023	$2.4B	$49M	39.0%	3.7%	6.5%	2.6%	$188M	$436M	$29M
2022	$2.4B	$124M	35.4%	6.6%	20.1%	8.8%	$13M	$190M	$17M
2022	$2.2B	$60M	34.7%	3.9%	10.1%	4.0%	$65M	$178M	$52M
2021	$2.0B	$42M	36.9%	3.1%	7.1%	3.0%	$173M	$175M	$116M
2019	$2.2B	$111M	37.1%	6.7%	18.9%	7.6%	$152M	$175M	$52M
2018	$2.3B	$93M	37.0%	5.7%	16.6%	6.7%	$123M	$250M	$77M
2017	$2.2B	$90M	36.0%	3.5%	17.5%	6.5%	$6M	$277M	$23M
2016	$2.2B	$86M	37.9%	6.1%	17.1%	6.4%	$104M	$214M	$36M
2016	—	$105M	—	—	22.1%	8.3%	$58M	$190M	$29M
2015	—	$61M	—	—	14.8%	5.0%	$55M	$198M	$34M
2013	—	$64M	—	—	14.6%	5.6%	$104M	$150M	$65M
2012	—	$49M	—	—	11.6%	4.5%	$105M	$155M	$42M
2011	—	$46M	—	—	11.0%	4.4%	$106M	$180M	$73M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Oct '26	$1.6B	$90M	42.6%	8.6%	4.8%	1.8%	—	$1.4B	$110M
Jul '26	$1.5B	$51M	44.0%	6.3%	2.8%	1.1%	—	$1.4B	$105M
Apr '26	$1.3B	-$39M	37.1%	-2.7%	-2.2%	-0.8%	-$208M	$1.4B	$71M
Jan '26	$888M	-$49M	40.9%	-3.5%	-2.7%	-1.0%	$60M	$1.3B	$209M
Sep '25	$684M	$41M	42.1%	9.4%	4.9%	2.2%	$136M	$324M	$21M
Jun '25	$667M	$48M	42.9%	10.2%	5.9%	2.5%	$16M	$444M	$32M
Mar '25	$600M	$14M	39.7%	4.1%	1.7%	0.7%	-$4M	$405M	$21M
Dec '24	$643M	$38M	40.5%	8.5%	4.6%	2.0%	$42M	$345M	$20M
Sep '24	$672M	$48M	41.5%	10.2%	5.6%	2.5%	$114M	$345M	$34M
Jun '24	$624M	$36M	41.9%	8.6%	4.6%	1.9%	$34M	$462M	$28M
Mar '24	$588M	$18M	39.6%	5.1%	2.3%	0.9%	-$16M	$473M	$27M
Dec '23	$680M	$23M	40.2%	4.5%	3.0%	1.2%	$89M	$436M	$29M
Sep '23	$712M	$38M	40.1%	8.0%	5.1%	1.9%	$101M	$509M	$24M
Jul '23	$564M	-$13M	38.2%	-0.6%	-1.8%	-0.6%	$1M	$598M	$24M
Apr '23	$479M	$2M	36.4%	1.3%	0.3%	0.1%	-$3M	$208M	$17M
Dec '22	$569M	$16M	36.5%	4.0%	2.6%	1.2%	$28M	$190M	$17M
Oct '22	$599M	$63M	35.0%	13.7%	10.4%	4.2%	$44M	$201M	$21M
Jul '22	$622M	$30M	35.5%	4.8%	5.4%	1.9%	-$1M	$310M	$20M
Apr '22	$572M	$14M	34.4%	3.6%	2.4%	0.9%	-$57M	$243M	$23M
Jan '22	$603M	$8M	32.2%	2.0%	1.4%	0.5%	$24M	$178M	$52M

Valuation over time

How the market has priced HNI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 16.2× (Mar '23) to 64.3× (Nov '26).
The price-to-sales ratio has risen from 0.9× (Mar '23) to 1.2× (Nov '26).
The dividend yield has fallen from 2.6% (Mar '23) to 1.8% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is HNI growing its revenue and profit?

Over the past 5 years, Hni Corp's revenue has grown 7.7% per year, and net income grown 5.3% per year. These are computed facts, not advice.

How much debt does HNI have?

As of FY2026, Hni Corp reported $1.3B of total debt against $209M of cash.

What is HNI's profit margin?

In FY2026, gross margin was 41.4%, operating margin 4.4%, and net margin 1.9%.

What is HNI's P/E ratio?

Hni Corp's P/E (TTM) is 65.67 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the HNI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 64.3× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.