HNI Corporation (HNI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.35B | 888.4M | 683.8M | 667.1M | 599.8M | 642.5M | 672.2M | 623.7M | 588M | 679.8M | 711.6M | 563.5M | 479.1M | 568.9M | 598.8M | 621.7M | 572.33M | 602.91M | 586.75M | 510.45M |
| Revenue Growth % | 124.66% | 38.27% | 1.73% | 6.96% | 2.01% | -5.49% | -5.54% | 10.68% | 22.73% | 19.49% | 18.84% | -9.36% | -16.29% | -5.64% | 2.05% | 21.79% | 18.18% | 7.25% | 15.72% | 22.28% |
| Cost of Goods Sold | 847.6M | 524.9M | 395.7M | 388.2M | 368.7M | 387.1M | 399.3M | 370.2M | 362.9M | 406.7M | 426.3M | 355.3M | 311.8M | 368.6M | 397M | 408.9M | 383.15M | 416.49M | 399.09M | 330.03M |
| COGS % of Revenue | 62.9% | 59.08% | 57.87% | 58.19% | 61.47% | 60.25% | 59.4% | 59.36% | 61.72% | 59.83% | 59.91% | 63.05% | 65.08% | 64.79% | 66.3% | 65.77% | 66.95% | 69.08% | 68.02% | 64.65% |
| Gross Profit | 499.9M | 363.5M | 288.1M | 278.9M | 231.1M | 255.4M | 272.9M | 253.5M | 225.1M | 273.1M | 285.3M | 208.2M | 167.3M | 200.3M | 201.8M | 212.8M | 189.17M | 186.42M | 187.66M | 180.43M |
| Gross Margin % | 37.1% | 40.92% | 42.13% | 41.81% | 38.53% | 39.75% | 40.6% | 40.64% | 38.28% | 40.17% | 40.09% | 36.95% | 34.92% | 35.21% | 33.7% | 34.23% | 33.05% | 30.92% | 31.98% | 35.35% |
| Gross Profit Growth % | 116.31% | 42.33% | 5.57% | 10.02% | 2.67% | -6.48% | -4.35% | 21.76% | 34.55% | 36.35% | 41.38% | -2.16% | -11.56% | 7.45% | 7.53% | 17.94% | 9.54% | -7.94% | 4.55% | 24.5% |
| Operating Expenses | 514.8M | 299.6M | 222.7M | 208.2M | 200.3M | 195.8M | 200.7M | 198.1M | 195.3M | 207.3M | 220.5M | 172.3M | 157.5M | 171.5M | 170.5M | 182M | 168.74M | 168.23M | 161.42M | 155.74M |
| OpEx % of Revenue | 38.2% | 33.72% | 32.57% | 31.21% | 33.39% | 30.47% | 29.86% | 31.76% | 33.21% | 30.49% | 30.99% | 30.58% | 32.87% | 30.15% | 28.47% | 29.27% | 29.48% | 27.9% | 27.51% | 30.51% |
| Selling, General & Admin | 0 | 299.6M | 222.7M | 208.2M | 200.3M | 195.8M | 200.7M | 198.1M | 195.3M | 207.3M | 220.5M | 172.3M | 157.5M | 171.5M | 170.5M | 182M | 168.74M | 168.23M | 161.42M | 155.74M |
| SG&A % of Revenue | - | 33.72% | 32.57% | 31.21% | 33.39% | 30.47% | 29.86% | 31.76% | 33.21% | 30.49% | 30.99% | 30.58% | 32.87% | 30.15% | 28.47% | 29.27% | 29.48% | 27.9% | 27.51% | 30.51% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -36.4M | 63.9M | 65.4M | 70.7M | 30.8M | 59.6M | 72.2M | 55.4M | 29.8M | 65.8M | 64.8M | 35.9M | 9.8M | 28.8M | 31.3M | 30.8M | 20.44M | 18.19M | 26.24M | 24.69M |
| Operating Margin % | -2.7% | 7.19% | 9.56% | 10.6% | 5.13% | 9.28% | 10.74% | 8.88% | 5.07% | 9.68% | 9.11% | 6.37% | 2.05% | 5.06% | 5.23% | 4.95% | 3.57% | 3.02% | 4.47% | 4.84% |
| Operating Income Growth % | -218.18% | 7.21% | -9.42% | 27.62% | 3.36% | -9.42% | 11.42% | 54.32% | 204.08% | 128.47% | 107.03% | 16.56% | -52.05% | 58.34% | 19.27% | 24.76% | -9.57% | -51.7% | -32.3% | 66.33% |
| EBITDA | 1.5M | 95.5M | 130M | 95.7M | 56.3M | 87.3M | 99.5M | 81.8M | 56.2M | 92.3M | 90.4M | 58.5M | 29.9M | 49.5M | 52.3M | 52.1M | 41.53M | 39.33M | 47.11M | 45.36M |
| EBITDA Margin % | 0.11% | 10.75% | 19.01% | 14.35% | 9.39% | 13.59% | 14.8% | 13.12% | 9.56% | 13.58% | 12.7% | 10.38% | 6.24% | 8.7% | 8.73% | 8.38% | 7.26% | 6.52% | 8.03% | 8.89% |
| EBITDA Growth % | -97.34% | 9.39% | 30.65% | 16.99% | 0.18% | -5.42% | 10.07% | 39.83% | 87.96% | 86.46% | 72.85% | 12.28% | -28.01% | 25.87% | 11.01% | 14.86% | -3.55% | -31.52% | -18.87% | 33.58% |
| D&A (Non-Cash Add-back) | 0 | 31.6M | 64.6M | 25M | 25.5M | 27.7M | 27.3M | 26.4M | 26.4M | 26.5M | 25.6M | 22.6M | 20.1M | 20.7M | 21M | 21.3M | 21.1M | 21.14M | 20.87M | 20.68M |
| EBIT | 0 | -30.9M | 64.6M | 68.3M | 24.5M | 54.6M | 68.6M | 53.2M | 29.5M | 30.7M | 56.7M | -3.5M | 6.5M | 23M | 82M | 29.9M | 20.2M | 11.64M | 25.99M | 24.44M |
| Net Interest Income | -20.7M | -16.7M | -7.2M | -6.1M | -5.5M | -5.1M | -7.1M | -7.4M | -7.6M | -8M | -9.4M | -5.5M | -2.7M | -2.3M | -2.4M | -2.1M | -1.75M | -1.69M | -1.9M | -1.9M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 20.7M | 16.7M | 7.2M | 6.1M | 5.5M | 5.1M | 7.1M | 7.4M | 7.6M | 8M | 9.4M | 5.5M | 2.7M | 2.3M | 2.4M | 2.1M | 1.75M | 1.69M | 1.9M | 1.9M |
| Other Income/Expense | -19.2M | -111.5M | -8M | -8.7M | -11.9M | -10.1M | -10.4M | -9.4M | -7.8M | -43.1M | -17.4M | -44.9M | -6M | -8.2M | 48.2M | -3M | -1.99M | -7.99M | -1.85M | -1.86M |
| Pretax Income | -55.6M | -47.6M | 57.4M | 62M | 18.9M | 49.5M | 61.8M | 46M | 22M | 22.7M | 47.4M | -9M | 3.8M | 20.6M | 79.5M | 27.8M | 18.45M | 10.2M | 24.39M | 22.83M |
| Pretax Margin % | -4.13% | -5.36% | 8.39% | 9.29% | 3.15% | 7.7% | 9.19% | 7.38% | 3.74% | 3.34% | 6.66% | -1.6% | 0.79% | 3.62% | 13.28% | 4.47% | 3.22% | 1.69% | 4.16% | 4.47% |
| Income Tax | -16.8M | 1.6M | 16.2M | 13.8M | 5M | 11.2M | 14.3M | 10M | 4.3M | 0 | 9.6M | 3.8M | 2.2M | 4.3M | 16.4M | -2.5M | 4.27M | 1.98M | 5.23M | 5.42M |
| Effective Tax Rate % | 30.22% | -3.36% | 28.22% | 22.26% | 26.46% | 22.63% | 23.14% | 21.74% | 19.55% | 0% | 20.25% | -42.22% | 57.89% | 20.87% | 20.63% | -8.99% | 23.16% | 19.4% | 21.45% | 23.73% |
| Net Income | -55.6M | -49.2M | 41.2M | 48.2M | 13.9M | 38.3M | 47.5M | 36M | 17.7M | 22.7M | 37.8M | -12.8M | 1.6M | 16.3M | 63.1M | 30.3M | 14.2M | 8.22M | 19.2M | 17.4M |
| Net Margin % | -4.13% | -5.54% | 6.03% | 7.23% | 2.32% | 5.96% | 7.07% | 5.77% | 3.01% | 3.34% | 5.31% | -2.27% | 0.33% | 2.87% | 10.54% | 4.87% | 2.48% | 1.36% | 3.27% | 3.41% |
| Net Income Growth % | -500% | -228.46% | -13.26% | 33.89% | -21.47% | 68.72% | 25.66% | 381.25% | 1006.25% | 39.26% | -40.1% | -142.24% | -88.73% | 98.25% | 228.65% | 74.14% | -5.45% | -63.57% | -37.43% | 38.58% |
| Net Income (Continuing) | -55.6M | -49.2M | 41.2M | 48.2M | 13.9M | 38.3M | 47.5M | 36M | 17.7M | 22.7M | 37.8M | -12.8M | 1.6M | 16.3M | 63.1M | 30.3M | 14.18M | 8.22M | 19.16M | 17.41M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 322K | 323K | 323K | 323K |
| EPS (Diluted) | -1.18 | -1.01 | 0.87 | 1.02 | 0.29 | 0.79 | 0.98 | 0.75 | 0.37 | 0.48 | 0.80 | -0.30 | 0.04 | 0.39 | 1.51 | 0.71 | 0.33 | 0.19 | 0.43 | 0.39 |
| EPS Growth % | -506.9% | -227.85% | -11.22% | 36% | -21.62% | 64.58% | 22.5% | 350% | 873.68% | 23.08% | -47.02% | -142.25% | -88.48% | 105.26% | 251.16% | 82.05% | -2.94% | -63.46% | -39.44% | 34.48% |
| EPS (Basic) | -1.20 | -1.03 | 0.89 | 1.04 | 0.30 | 0.81 | 1.00 | 0.76 | 0.38 | 0.49 | 0.81 | -0.30 | 0.04 | 0.39 | 1.53 | 0.72 | 0.34 | 0.19 | 0.44 | 0.40 |
| Diluted Shares Outstanding | 47.1M | 47.1M | 47.1M | 47.1M | 48M | 48.5M | 48.7M | 48.2M | 48.1M | 47.7M | 47.3M | 43.3M | 42.1M | 41.9M | 41.8M | 42.4M | 43.07M | 43.7M | 44.3M | 44.5M |
| Basic Shares Outstanding | 46.2M | 46.2M | 46.2M | 46.2M | 47M | 47.5M | 47.7M | 47.2M | 47.1M | 46.7M | 46.6M | 43.3M | 41.5M | 41.4M | 41.3M | 41.8M | 42.39M | 43.03M | 43.8M | 43.8M |
| Dividend Payout Ratio | - | - | 37.86% | 32.57% | 116.55% | 40.99% | 33.26% | 43.06% | 93.79% | 66.08% | 39.42% | - | 856.25% | 81.6% | 20.92% | 43.89% | 94.37% | 162.14% | 70.72% | 78.2% |