What is HNI's gross margin?

HNI (HNI) reported gross margin of 40.1% in Q1 2026.

How has HNI's gross margin changed year-over-year?

HNI's gross margin decreased by 2.1% year-over-year, from 40.9% to 40.1%.

What is the long-term trend for HNI's gross margin?

Over 5 years (2020 to 2025), HNI's gross margin has grown at a 2.4% compound annual growth rate (CAGR), from 36.9% to 41.4%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

HNI HNI Gross margin

Gross margin at other companies

SPX TechnologiesSPXC

40.5%-0.1pp

GriffonGFF

42.6%+1.4pp

Worthington EnterprisesWOR

27.8%+1.4pp

Resideo Technologies, Inc.REZI

29.4%+0.8pp

Patrick IndustriesPATK

23.1%+0.4pp

Lennox InternationalLII

33.2%+0.1pp

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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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

Calculated from HNI’s reported figures.

gross profit/total revenue=40.1%

Based on trailing twelve months.

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 gross margin?: HNI (HNI) reported gross margin of 40.1% in Q1 2026.
How has HNI's gross margin changed year-over-year?: HNI's gross margin decreased by 2.1% year-over-year, from 40.9% to 40.1%.
What is the long-term trend for HNI's gross margin?: Over 5 years (2020 to 2025), HNI's gross margin has grown at a 2.4% compound annual growth rate (CAGR), from 36.9% to 41.4%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.