What is HNI's invested capital?

HNI (HNI) reported invested capital of $3.42B in Q1 2026.

How has HNI's invested capital changed year-over-year?

HNI's invested capital increased by 156.4% year-over-year, from $1.33B to $3.42B.

What is the long-term trend for HNI's invested capital?

Over 5 years (2020 to 2025), HNI's invested capital has grown at a 34.5% compound annual growth rate (CAGR), from $729.01M to $3.21B.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

HNI HNI Invested capital

Discontinued — last reported Q1 '26

Invested capital at other companies

GriffonGFF

5.9%-9.9pp

Benchmark ElectronicsBHE

3.8%-1.7pp

Power IntegrationsPOWI

1.5%-1.0pp

SSR MiningSSRM

18.7%—

RepligenRGEN

0.3%-6.3pp

MYR GroupMYRG

18.4%+13.4pp

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

See full

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.

$1.7Btotal debt+$1.8Btotal stockholders equity−$80.3Mcash and equivalents=$3.42B

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 invested capital?: HNI (HNI) reported invested capital of $3.42B in Q1 2026.
How has HNI's invested capital changed year-over-year?: HNI's invested capital increased by 156.4% year-over-year, from $1.33B to $3.42B.
What is the long-term trend for HNI's invested capital?: Over 5 years (2020 to 2025), HNI's invested capital has grown at a 34.5% compound annual growth rate (CAGR), from $729.01M to $3.21B.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).