Zacks Investment Research·Jun 18, 2026
HNI (HNI) Could Be a Great ChoiceDividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does HNI (HNI) have what it takes?
HNI Corporation(HNI)Earnings, Financials & Key Ratios
HNI•NYSE
$41.36
37.3× P/E·Price updated Jul 6, 2026
AboutHNI Corporation, together with its subsidiaries, manufactures and sells workplace furnishings and residential building products primarily in the United States. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, tables, and architectural products under the HON, Allsteel, Beyond, Gunlocke, Maxon, HBF, OFM, Respawn, Lamex, and HNI India brands. This segment sells its products through independent dealers, wholesalers, office product distributors, e-commerce retailers, and wholesalers, as well as directly to end-user customers; and federal, state, and local governments. The Residential Building Products segment provides various gas, wood, electric, and pellet-fueled fireplaces; inserts; stoves; facings; and accessories primarily for home use under the Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman, Vermont Castings, PelPro, SimpliFire, The Outdoor GreatRoom Company, and Stellar brand names. This segment markets its products through independent dealers and distributors, and corporation-owned distribution and retail outlets. The company was incorporated in 1944 and is headquartered in Muscatine, Iowa.Show more
- Revenue$2.84B+12.4%
- EBITDA$346M+6.7%
- Net Income$54M-61.1%
- EPS (Diluted)1.11-61.5%
- Gross Margin41.43%+3.9%
- EBITDA Margin12.19%-5.1%
- Operating Margin8.42%-1.9%
- Net Margin1.91%-65.4%
- ROE4.05%-76.7%
HNI Price & Volume
HNI Corporation (HNI) stock price & volume — 10-year historical chart
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Aggressive Acquisition Strategy Strains Operational Margin Profile
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Integration and cyclical volatility
Key Thesis Takeaways
- HNI Corporation is currently navigating a period of significant structural transformation characterized by aggressive inorganic expansion, which has ballooned total assets to $4.8 billion while simultaneously pressuring core profitability.
- While the company achieved a 124.7% revenue surge in 2026Q1, the resulting negative 2.7% operating margin and $55.6 million net loss highlight substantial integration risks.
- Investors should monitor the sustainability of the dividend payout, which persisted at $26.6 million despite a $205.7 million free cash flow deficit, as the company's reliance on external debt to fund operations remains a primary concern.
Verdict Logic
the company's current financial profile is strained by a negative 15.3% free cash flow margin and a significant reliance on debt to maintain operations.
HNI Growth Metrics
HNI Corporation (HNI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.11%
5 Years7.74%
3 Years6.33%
TTM42.95%
Profit CAGR
10 Years-6.44%
5 Years5.28%
3 Years-24.09%
TTM-113.47%
EPS CAGR
10 Years-7.11%
5 Years2.52%
3 Years-27.72%
TTM-112.55%
Return on Capital
10 Years13.75%
5 Years12%
3 Years12.9%
Last Year9.3%
HNI Recent Earnings
HNI Corporation (HNI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.34+9.7%
$0.31
Rev
$1.3B-2.0%
$1.4B
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.83-8.8%
$0.91
Rev
$888M+24.8%
$712M
Q4 2025
Oct 28, 2025Metric
Actual
Est
EPS
$1.10+3.8%
$1.06
Rev
$684M-0.7%
$689M
Q3 2025
Jul 24, 2025Metric
Actual
Est
EPS
$1.11+29.1%
$0.86
Rev
$667M-3.1%
$689M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.34vs $0.31+9.7% | $1.3Bvs $1.4B-2.0% |
| Q1 2026 | Feb 25, 2026 | $0.83vs $0.91-8.8% | $888Mvs $712M+24.8% |
| Q4 2025 | Oct 28, 2025 | $1.10vs $1.06+3.8% | $684Mvs $689M-0.7% |
| Q3 2025 | Jul 24, 2025 | $1.11vs $0.86+29.1% | $667Mvs $689M-3.1% |
Based on last 12 quarters of dataView full earnings history →
Latest HNI News
Recent stock market news and headlines for HNI Corporation (HNI)
Peers Comparison
Key metrics vs top competitors for HNI Corporation (HNI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $41.36 | $1.95B | 37.26 | 12.37% | 1.91% | 4.05% | 3.12% | |
| $20.91 | $1.43B | 15.84 | 4.68% | 2.38% | 6.62% | — | |
| $16.14 | $1.85B | 15.82 | 0.2% | 2.92% | 9.38% | — | |
| $4.88 | $90.68M | -4.40 | -1.87% | -7.16% | -16.7% | — | |
| $16.56 | $177.88M | -6.52 | -23.22% | -7.9% | -13.04% | — | |
| $17.07 | $437.27M | 8.49 | -4.89% | 6.81% | 8.46% | — |
Compare HNI vs Peers
HNI Corporation (HNI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HNI SEC Filings & Documents
HNI Corporation (HNI) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 6, 2026·SEC
Material company update
Feb 25, 2026·SEC
Material company update
Jan 8, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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HNI Frequently Asked Questions
HNI Corporation (HNI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is HNI Corporation's revenue?
HNI Corporation (HNI) reported $3.59B in revenue for fiscal year 2025. This represents a 259% increase from $998.1M in 1996.
How fast is HNI Corporation growing?
HNI Corporation (HNI) grew revenue by 12.4% over the past year. This is steady growth.
Is HNI profitable?
HNI Corporation (HNI) reported a net loss of $15.4M for fiscal year 2025.
Dividend & Returns
Does HNI pay dividends?
Yes, HNI Corporation (HNI) pays a dividend with a yield of 3.12%. This makes it attractive for income-focused investors.
What is HNI's return on equity?
HNI Corporation (HNI) has a return on equity (ROE) of 4.1%. This is below average, suggesting room for improvement.
What is HNI Corporation's free cash flow?
HNI Corporation (HNI) generated $7.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.