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HNI HNI Workplace furnishings — Goodwill

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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:GoodwillGross.

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 — goodwill?
HNI (HNI) reported workplace furnishings — goodwill of $677.7M in Q1 2026.
How has HNI's workplace furnishings — goodwill changed year-over-year?
HNI's workplace furnishings — goodwill increased by 138.3% year-over-year, from $284.4M to $677.7M.
What is the long-term trend for HNI's workplace furnishings — goodwill?
Over 4 years (2021 to 2025), HNI's workplace furnishings — goodwill has grown at a 26.0% compound annual growth rate (CAGR), from $655.8M to $1.65B.
What does workplace furnishings — goodwill mean?
This represents the excess of the purchase price over the fair value of identifiable net assets acquired in business combinations within the workplace furnishings segment. It serves as an indicator of the premium paid for expected future economic benefits, such as synergies and market share.