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HNI

HNI

HNI Corporation is a leading manufacturer of workplace furnishings and residential building products, operating through a multi-branded strategy.

Market cap
$3.17B+34.4%
Revenue$3.6B+41.3%
Net income$64.5M-53.8%
Free cash flow$4.7M-97.5%
EPS (diluted)$1.64-43.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Today)
Revenue estimate$1.5B
EPS estimate$1.04

Financials

Q1 2026

Income statement

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Revenue$1.3B+125%
Gross profit$499.9M+110%
Operating income-$36.4M-249%
Net income-$38.8M-379%
EPS (diluted)-$0.55-290%

Balance sheet

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Cash & equivalents$80.3M+281%
Total debt$1.7B+213%
Total equity$1.8B+121%
Total assets$4.8B+157%

Cash flow

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Operating cash flow-$171.8M-1,463%
CapEx$35.7M+119%
Free cash flow-$207.5M-5,508%

Valuation & ratios

Valuation

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Market cap$3.09B+34.4%
Enterprise value$4.74B+63.8%
P/E47.9×
P/S0.9×-0.1×

Profitability

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Gross margin40.1%-0.8pp
FCF margin0.1%-7.2pp

Returns & leverage

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Debt / equity+0.3×
Current ratio1.4×+0.2×

Segments

By product

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Systems, storage, and tables$562.8M+105%
Seating$311.9M+134%
Other$310.7M+862%

By segment

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Workplace furnishings$1.2B+169%

Competitors

Profile

HNI Corporation is a leading manufacturer of workplace furnishings and residential building products, operating through a multi-branded strategy. The company provides commercial office solutions ranging from architectural products to social collaborative furniture, while also serving as a primary North American provider of hearth products. Following its significant acquisition of Steelcase, HNI leverages a global distribution network and vertical manufacturing capabilities to serve customers across corporate, healthcare, government, and residential sectors.

Competitive position

HNI is a market leader in both workplace furnishings and North American hearth products, bolstered by the major acquisition of Steelcase.

GeographiesNorth America, Europe, Asia Pacific, Middle East, Africa
Customer segmentsEnterprise, SMB, Public Sector, Residential Construction
Business modelManufacturing, B2B Distribution, Direct-to-Consumer Retail
SuppliersSteel suppliers, Aluminum and zinc providers, Lumber and veneer suppliers, Textile and foam manufacturers, Glass and plastic component suppliers
CustomersIndependent office furniture dealers, National office product distributors, Federal, state, and local governments, Residential homebuilders, Retail consumers
Listed1972
Employees8.2K
CEOJeffrey D. Lorenger
FilingsSEC EDGAR

Questions, answered.

What is HNI's market cap?
HNI (HNI) has a market capitalization of $3.2B and trades on NYSE.
What is HNI's revenue and profitability?
HNI generated $3.6B in trailing twelve-month revenue with net income of $64.5M, representing a net margin of 5.5%. Gross margin stands at 40.1%, with free cash flow of $4.7M. These figures are based on the Q2 2026 filing.
Who are HNI's competitors?
HNI's key competitors include MillerKnoll, Inc., Olenox Industries Inc. Common Stock, Nucor Corporation, and others. These companies compete in similar markets and product categories.
Who does HNI partner with?
HNI's notable partners include Microsoft, Logitech, West Elm, and others.
What subsidiaries does HNI have?
HNI's subsidiaries include Steelcase Inc., Hearth & Home Technologies LLC.
Where is HNI headquartered?
HNI is headquartered in United States of America and employs approximately 8,200 people. It has been publicly traded since 1972.