What is HNI's contract assets?

HNI (HNI) reported contract assets of $4.9M in Q1 2026.

How has HNI's contract assets changed year-over-year?

HNI's contract assets increased by 75.0% year-over-year, from $2.8M to $4.9M.

What is the long-term trend for HNI's contract assets?

Over 5 years (2020 to 2025), HNI's contract assets has grown at a 32.4% compound annual growth rate (CAGR), from $761K to $3.1M.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

HNI HNI Contract Assets

Contract Assets at other companies

SPX TechnologiesSPXC

$78.9M+110%

Carrier GlobalCARR

$527M+16.6%

Standex InternationalSXI

$43.24M-26.0%

Other financials

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

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Market cap$2.69B+32.5%

Profitability

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Gross margin40.1%-0.8pp

Operating margin8.2%+1.0pp

Net margin5.5%+0.6pp

FCF margin0.1%-7.2pp

Returns & leverage

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Return on equity16.8%+1.2pp

Debt / equity1×+0.3×

Current ratio1.4×+0.2×

Where this comes from

Reported directly by HNI in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: HNI’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is HNI's contract assets?: HNI (HNI) reported contract assets of $4.9M in Q1 2026.
How has HNI's contract assets changed year-over-year?: HNI's contract assets increased by 75.0% year-over-year, from $2.8M to $4.9M.
What is the long-term trend for HNI's contract assets?: Over 5 years (2020 to 2025), HNI's contract assets has grown at a 32.4% compound annual growth rate (CAGR), from $761K to $3.1M.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.