What is HNI's debt-to-equity?

HNI (HNI) reported debt-to-equity of 1× in Q1 2026.

How has HNI's debt-to-equity changed year-over-year?

HNI's debt-to-equity increased by 41.9% year-over-year, from 0.7× to 1×.

What is the long-term trend for HNI's debt-to-equity?

Over 5 years (2020 to 2025), HNI's debt-to-equity has grown at a 15.0% compound annual growth rate (CAGR), from 0.4× to 0.9×.

What does debt-to-equity mean?

Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

HNI HNI Debt-to-equity

Debt-to-equity at other companies

SPX TechnologiesSPXC

0.3×-0.4×

GriffonGFF

15.6×+7.6×

Worthington EnterprisesWOR

0.4×0.0×

Resideo Technologies, Inc.REZI

1.2×+0.6×

Patrick IndustriesPATK

1.4×-0.1×

Lennox InternationalLII

1.4×-0.2×

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$2.47B+32.5%

Enterprise value$4.11B+70.0%

P/E38.2×-16.5×

P/S0.7×0.0×

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

Current ratio1.4×+0.2×

Where this comes from

Calculated from HNI’s reported figures.

total debt/total stockholders equity=1×

Based on the most recent quarter.

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 debt-to-equity?: HNI (HNI) reported debt-to-equity of 1× in Q1 2026.
How has HNI's debt-to-equity changed year-over-year?: HNI's debt-to-equity increased by 41.9% year-over-year, from 0.7× to 1×.
What is the long-term trend for HNI's debt-to-equity?: Over 5 years (2020 to 2025), HNI's debt-to-equity has grown at a 15.0% compound annual growth rate (CAGR), from 0.4× to 0.9×.
What does debt-to-equity mean?: Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.