What are HNI's profit margins?

Gross margin is 40.1% and operating margin is 8.2%, with a 5.5% net margin.

Where does HNI's income statement data come from?

Every line is extracted from HNI's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

HNI HNI Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Total revenue	$2.84B+12.4%	$2.53B+3.8%	$2.43B+3.1%	$2.36B+8.1%
Total cost of revenue	$1.66B+11.4%	$1.49B+0.5%	$1.49B-2.7%	$1.53B+7.0%
Gross profit	$1.18B+13.8%	$1.03B+9.0%	$948.3M+13.6%	$834.8M+10.2%
Gross margin	41.4%+0.5pp	40.9%+1.9pp	39%+3.6pp	35.3%+0.7pp
Research and development	$56.6M+5.6%	$53.6M+13.6%	$47.2M-1.3%	$47.8M+21.3%
Selling, general and administrative	$937.1M+14.2%	$820.8M+6.3%	$772M+6.7%	$723.5M+8.7%
Compensation and benefits	$24.7M+42.0%	$17.4M+5.5%	$16.5M—	——
Depreciation and amortization	$107.1M-0.6%	$107.8M+13.6%	$94.9M+12.8%	$84.1M+1.1%
Restructuring charges	$21.1M+90.1%	$11.1M-75.4%	$45.2M+192%	$15.5M+10.7%
Impairment charges	——	——	$31.5M+408%	$6.2M—
Acquisition and integration costs	——	$0-100%	$41.2M—	——
Other operating expenses	——	——	——	——
Operating income	——	$206.6M+129%	$90.3M-41.8%	$155.2M+81.7%
Interest expense	$25.4M-11.5%	$28.7M+8.7%	$26.4M+187%	$9.2M+29.6%
Other income (expense), net	$400K—	$0—	$0+100%	-$2.7M+65.4%
Income from equity method investments	$600K—	——	——	——
Income before income taxes	——	$179.3M+176%	$64.9M-55.7%	$146.4M+87.1%
Income tax expense	$36.6M-8.0%	$39.8M+155%	$15.6M-30.7%	$22.5M+22.1%
Net income	——	$139.5M+183%	$49.3M-60.2%	$123.9M+107%
Net income attributable to noncontrolling interests	$0—	$0—	$0—	$0+100%
Diluted earnings per share	——	$2.89+181%	$1.03-65.2%	$2.96+119%
Basic earnings per share	——	$2.95+178%	$1.06-64.5%	$2.99+115%
Weighted-average shares, diluted	190.7M-1.4%	193.5M+8.6%	178.1M+5.1%	169.5M-3.9%
Weighted-average shares, basic	186.9M-1.3%	189.4M+7.7%	175.9M+5.2%	167.2M-4.0%
Interest Income (Expense), Nonoperating	-$35.5M-30.5%	-$27.2M-6.3%	-$25.6M-191%	-$8.8M-21.3%
Pre-tax stock-based compensation cost	$24.8M+41.7%	$17.5M+6.1%	$16.5M+83.3%	$9M-30.9%
Amortization of capitalized software and acquired intangible assets	$12.2M+17.3%	$10.4M+23.8%	$8.4M+31.3%	$6.4M-0.4%
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Inventory	——	——	——	——
Software amortization expense	$18.7M-8.3%	$20.4M-6.0%	$21.7M-10.7%	$24.3M+2.9%
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	$195.4M—	——	$11.5M+132%	-$36.3M+43.2%
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Assets Held For Sale	——	——	——	——
Dividends declared (in dollars per share)	$1.35+3.1%	$1.31+2.3%	$1.28+0.8%	$1.27+2.4%
COLI income	-$200K—	——	——	——
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	——	$141.9M+205%	$46.6M-62.0%	$122.6M+97.3%
Less: comprehensive income attributable to noncontrolling interest	$0—	$0—	$0—	$0+100%
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	——	$141.9M+205%	$46.6M-62.0%	$122.6M+97.3%
Revenue recognized	$42.1M—	——	$25.7M—	——
Federal	-$4.7M-111%	$44M+279%	$11.6M-61.1%	$29.8M+111%
Foreign	$3.2M+68.4%	$1.9M+111%	$900K+200%	$300K-62.5%
Current State And Local Tax Expense Benefit	$4.3M-40.3%	$7.2M+75.6%	$4.1M-50.6%	$8.3M+108%
Deferred Compensation Arrangement With Individual Compensation Expense	$500K—	——	——	——
Federal	$30.1M+351%	-$12M-500%	-$2M+84.7%	-$13.1M-1,771%
Deferred Foreign Income Tax Expense Benefit	$600K—	$0+100%	-$100K—	$0+100%
Deferred taxes	$33.7M+355%	-$13.2M-1,220%	-$1M+93.7%	-$15.9M-3,875%
Deferred and other income taxes	$33.7M+339%	-$14.1M—	——	——
State	$3M+331%	-$1.3M-218%	$1.1M+139%	-$2.8M-800%
Defined Benefit Plan Actual Return On Plan Assets	$0—	$0—	$0—	——
Defined Benefit Plan Actuarial Gain Loss	$1.2M0.0%	$1.2M+700%	-$200K—	——
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Assets Transferred to (from) Plan	$0—	$0—	$0—	——
Defined Benefit Plan Benefit Obligation Benefits Paid	$1.2M+20.0%	$1M-16.7%	$1.2M—	——
Contributions to benefit plan	$1.2M+20.0%	$1M-16.7%	$1.2M—	——
Defined Benefit Plan Plan Assets Benefits Paid	$1.2M+20.0%	$1M-16.7%	$1.2M—	——
Defined Contribution Plan Cost Recognized	$29.3M-5.2%	$30.9M+3.7%	$29.8M-1.0%	$30.1M+20.4%
Defined contribution plan costs	$25.6M-5.2%	$27M+4.2%	$25.9M+3.2%	$25.1M+41.0%
Stock contribution	$3.7M-5.1%	$3.9M0.0%	$3.9M-23.5%	$5.1M-28.2%
Depreciation	$76.2M-0.9%	$76.9M+18.9%	$64.7M+21.4%	$53.3M+0.6%
Effect Of LIFO Inventory Liquidation On Income	$1.3M—	$0-100%	$1.3M—	——
Effective tax rates	$0.92+41.8%	$0.65—	——	——
Income taxes at U.S. statutory rate of 21%	——	——	——	——
Effect of cross-border tax laws	$0+100%	-$300K-50.0%	-$200K—	——
Effect of cross-border tax laws	——	——	——	——
Excess parachute payments	$11.2M—	$0—	$0—	——
Executive compensation limitations	——	——	——	——
Executive compensation limitations	$3.1M+3.3%	$3M+76.5%	$1.7M—	——
Excess parachute payments	——	——	——	——
Other	$0+150%	-$0—	$0—	——
Acquisition Costs	$2.6M—	$0-100%	$1.8M—	——
Acquisition Costs	——	——	——	——
Share-based compensation	——	——	——	——
State income taxes – net of federal income tax benefit	——	——	——	——
Changes in unrecognized tax benefits	——	——	——	——
Effective Income Tax Rate Reconciliation Tax Credits Research	——	——	——	——
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Percent	——	——	——	——
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Percent	——	——	——	——
Share-Based Payment Arrangement, Expense, Tax Benefit	$6.3M+53.7%	$4.1M-2.4%	$4.2M+110%	$2M-35.5%
Income tax benefit realized from option exercises	$100K-94.1%	$1.7M+750%	$200K+100%	$100K-90.0%
Distributions of earnings from equity method investees	$300K—	——	——	——
Federal Income Tax Expense Benefit Continuing Operations	$25.4M-20.6%	$32M+233%	$9.6M—	——
Foreign Income Tax Expense Benefit Continuing Operations	$3.8M+100%	$1.9M+138%	$800K—	——
Purchase Price Adjustments	-$122.6M-11,245%	$1.1M—	——	——
Income Loss From Continuing Operations Before Income Taxes Domestic	$94.5M-47.5%	$180.1M+181%	$64.1M—	——
Income Loss From Continuing Operations Before Income Taxes Foreign	-$3.7M-363%	-$800K-214%	$700K—	——
Federal taxes	$17.1M-57.3%	$40M+180%	$14.3M—	——
State taxes	$4.3M-6.5%	$4.6M-54.0%	$10M—	——
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$19.1M-49.3%	$37.7M+177%	$13.6M-55.7%	$30.7M+87.2%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount	$100K+125%	-$400K—	$0—	——
Share-based compensation	-$1.5M-600%	$300K-25.0%	$400K—	——
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	$5.8M+34.9%	$4.3M+10.3%	$3.9M-30.4%	$5.6M+51.4%
Changes in unrecognized tax benefits	-$100K-133%	$300K+200%	$100K—	——
Income Tax Reconciliation Tax Credits Foreign	$2M—	$0—	$0—	——
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Amount	$1M+900%	$100K-50.0%	$200K—	——
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount	$5M-23.1%	$6.5M+3.2%	$6.3M+50.0%	$4.2M+5.0%
Income taxes paid	$23.8M-48.8%	$46.5M+86.0%	$25M-19.6%	$31.1M+17.8%
Income Taxes Paid, Net	$23.8M-48.8%	$46.5M+86.0%	$25M—	——
Accounts payable and other current liabilities	——	——	——	——
Increase (Decrease) in Accounts Receivable	——	——	——	——
Increase Decrease In Accrued Income Taxes Payable	——	——	——	——
Increase (Decrease) in Inventories	——	——	——	——
Increase (decrease) in other liabilities	——	——	——	——
Increase (Decrease) in Prepaid Expense and Other Assets	——	——	——	——
Add - Incremental shares under stock-based compensation plans (in shares)	——	$3.2M+129%	$1.4M—	——
Interest Paid, Excluding Capitalized Interest, Operating Activity	$25.3M-11.8%	$28.7M+8.3%	$26.5M+188%	$9.2M+21.1%
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	$363.1M+299%	-$182.2M—	——	-$105.4M-22.1%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	-$443.9M-770%	-$51M+88.5%	-$444.8M-4,057%	-$10.7M+90.4%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$276.3M+21.9%	$226.7M-15.3%	$267.5M+229%	$81.2M-38.3%
Net Income Loss Attributable To Noncontrolling Interest	$0—	$0—	$0—	$0+100%
Purchases of property and equipment	$400K-94.8%	$7.7M+183%	-$9.3M-764%	$1.4M—
Purchases of capitalized software	$100K+200%	-$100K+75.0%	-$400K+71.4%	-$1.4M—
Number of deferred compensation programs	4—	——	——	——
Number of reportable segments	——	——	——	——
Change in net unrealized gain (loss) on derivative instruments	——	$1.5M+154%	-$2.8M—	——
Foreign currency translation gains (losses)	$8.6M+2,250%	-$400K-100%	-$200K+96.6%	-$5.8M-1,676%
Other comprehensive income (loss)	$11.9M+376%	$2.5M+196%	-$2.6M—	——
Net gains/(losses) arising during the period	$1.2M0.0%	$1.2M+700%	-$200K—	——
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Before Tax	-$200K-100%	-$100K0.0%	-$100K—	——
Net unrealized gains (losses) on securities still held	$200K—	——	$400K—	——
Other Noncash Income (Expense)	-$14.3M-160%	-$5.5M-5.8%	-$5.2M-92.6%	-$2.7M—
Other income, net (Note 6)	——	$0—	$0—	——
Payment, Tax Withholding, Share-Based Payment Arrangement, Net	$13.3M+75.0%	$7.6M+225%	-$6.1M—	——
Payments for Repurchase of Common Stock	$83.6M+27.1%	$65.8M+21,833%	$300K—	——
Payments for Restructuring	——	——	——	$0-100%
Payments of Debt Issuance Costs	$14.6M—	$0-100%	$3M—	——
Payments of Dividends	$63.1M-0.8%	$63.6M+8.7%	$58.5M+10.0%	$53.2M-1.1%
Payment, Tax Withholding, Share-Based Payment Arrangement	——	——	——	——
Payments To Acquire Businesses And Interest In Affiliates	——	——	——	——
Payments to Acquire Investments	$2.8M-12.5%	$3.2M-43.9%	$5.7M+104%	$2.8M-17.6%
Payments to Acquire Productive Assets	$67.9M+28.4%	$52.9M-33.0%	$79M+15.5%	$68.4M+2.9%
Payments To Acquire Productive Assets, Excluding Software	$65.8M+30.0%	$50.6M-35.2%	$78.1M+30.2%	$60M+12.1%
Payments To Acquire Software	$2M-13.0%	$2.3M—	——	$8.4M-35.9%
U.K. pension settlement expense	$1.9M+72.7%	$1.1M0.0%	$1.1M-15.4%	$1.3M0.0%
Proceeds from COLI	$32M—	$0—	$0—	——
Proceeds from the sale of businesses and investments, net of cash transferred	——	——	——	——
Proceeds from Issuance of Common Stock	$3.8M-92.6%	$51.2M+2,126%	$2.3M-51.1%	$4.7M-84.9%
Debt issued (Note 13)	$1.3B+295%	$328.2M-52.0%	$684M+65.3%	$413.9M+8,178%
Financing — other	——	——	——	——
Other investments, net of payments	$4.8M+2.1%	$4.7M-13.0%	$5.4M+135%	$2.3M-30.3%
Dispositions of property, plant, and equipment	——	——	——	——
Cash received from option exercises	$1.6M-96.8%	$49.4M+510%	$8.1M+286%	$2.1M-92.6%
Repayment of Long-Term Debt, Long-Term Lease Obligation, and Capital Security	$782.5M+86.0%	$420.6M-3.5%	$436M+8.6%	$401.6M+15,346%
Restructuring, Impairment, and Loss on Divestiture:	$18.5M+198%	$6.2M-86.2%	$44.8M—	——
Restructuring, Settlement and Impairment Provisions	——	$6.2M-86.2%	$44.8M+569%	$6.7M+6.3%
Revenue From Contract With Customer Excluding Assessed Tax	$2.84B+12.4%	$2.53B+3.8%	$2.43B+3.1%	$2.36B+8.1%
Leased assets obtained in exchange for new operating / finance lease liabilities	$185.2M+384%	$38.3M-38.5%	$62.3M+58.9%	$39.2M-20.5%
Stock-based compensation	$24.7M+42.0%	$17.4M+5.5%	$16.5M—	——
Granted (in shares)	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period	——	——	——	——
Canceled (in shares)	-$2K—	——	——	——
Intrinsic value of stock options exercised	$500K-93.1%	$7.2M+800%	$800K+60.0%	$500K-90.7%
Options canceled (in dollars per share)	——	——	——	——
Canceled (in dollars per share)	——	——	——	——
Exercised (in shares)	——	——	——	——
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1	$0—	$0-100%	$4.6M-2.1%	$4.7M+42.4%
Accruals acquired / held for sale	——	——	——	——
Standard Product Warranty Accrual, Settlements, Increase (Decrease)	——	——	——	——
Current-period accruals	$13.9M+6.9%	$13M+12.1%	$11.6M+24.7%	$9.3M+20.8%
State And Local Income Tax Expense Benefit Continuing Operations	$7.3M+23.7%	$5.9M+13.5%	$5.2M—	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period	——	——	——	——
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	$63.7M-3.9%	$66.3M+76.3%	$37.6M+74.9%	$21.5M-58.8%
Percent of incumbent board	——	——	——	——
Supply chain finance program, payments	$182M-7.8%	$197.5M+50.9%	$130.9M—	——
Invoices confirmed during the period	$176.9M-11.7%	$200.3M+52.9%	$131M—	——
Total Purchase Price	$83.3M+26.4%	$65.9M+16,375%	$400K—	——
Undistributed Earnings (Loss) Allocated to Participating Securities, Diluted	——	——	——	——
Undistributed Earnings Loss Allocated To Participating Securities Basic	——	——	——	——
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions	$600K-33.3%	$900K+50.0%	$600K+20.0%	$500K-16.7%
Unrecognized Tax Benefits Increases Resulting From Acquisition	$4.1M—	$0—	——	——
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations	$600K0.0%	$600K0.0%	$600K+20.0%	$500K-28.6%
Add: dilutive effect of potential common shares (in shares)	——	——	——	——
Weighted Average Number Of Shares Issued Basic	——	——	——	——
Amounts used in calculating earnings per share - Dilutive shares (in shares)	——	——	——	——
Weighted Average Number Of Shares Outstanding, Basic, Adjustment	——	——	——	——
EBIT	——	$206.6M+129%	$90.3M-41.8%	$155.2M+81.7%
EBITDA	——	$314.4M+69.8%	$185.2M-22.6%	$239.3M+42.0%

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Questions, answered.

What are HNI's profit margins?: Gross margin is 40.1% and operating margin is 8.2%, with a 5.5% net margin.
Where does HNI's income statement data come from?: Every line is extracted from HNI's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.