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HNI HNI Workplace furnishings — Cost of Sales

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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
Debt / equity+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:CostOfGoodsAndServicesSold.

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 workplace furnishings — cost of sales?
HNI (HNI) reported workplace furnishings — cost of sales of $761.1M in Q1 2026.
How has HNI's workplace furnishings — cost of sales changed year-over-year?
HNI's workplace furnishings — cost of sales increased by 178.5% year-over-year, from $273.3M to $761.1M.
What is the long-term trend for HNI's workplace furnishings — cost of sales?
Over 3 years (2022 to 2025), HNI's workplace furnishings — cost of sales has grown at a 8.4% compound annual growth rate (CAGR), from $1.02B to $1.3B.
What does workplace furnishings — cost of sales mean?
This represents the direct costs attributable to the production and delivery of workplace furnishing products, including raw materials, direct labor, and manufacturing overhead. It serves as a primary indicator of production efficiency and input cost management within the office furniture segment. Monitoring this metric helps investors assess the segment's gross margin performance and its ability to manage supply chain volatility.