What is HNI's net debt / EBITDA?

HNI (HNI) reported net debt / EBITDA of 1.4× in Q3 2025.

How has HNI's net debt / EBITDA changed year-over-year?

HNI's net debt / EBITDA decreased by 9.7% year-over-year, from 1.5× to 1.4×.

What is the long-term trend for HNI's net debt / EBITDA?

Over 4 years (2020 to 2024), HNI's net debt / EBITDA has grown at a 10.9% compound annual growth rate (CAGR), from 1× to 1.5×.

What does net debt / EBITDA mean?

Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

HNI HNI Net debt / EBITDA

Net debt / EBITDA at other companies

MillerKnollMLKN

4.7×-5.3×

GriffonGFF

5.3×+1.8×

Hillman Solutions Corp.HLMN

3.3×-0.4×

Worthington EnterprisesWOR

4.6×-3.3×

Resideo Technologies, Inc.REZI

4×+1.9×

Patrick IndustriesPATK

3.5×0.0×

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$2.69B+24.4%

Enterprise value$4.33B+61.1%

P/E41.7×-18.0×

P/S0.8×-0.1×

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 / equity1×+0.3×

Current ratio1.4×+0.2×

Where this comes from

Calculated from HNI’s reported figures.

net debt/ebitda=1.4×

Based on the most recent quarter.

The official record: HNI’s 10-Q, filed November 5, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is HNI's net debt / EBITDA?: HNI (HNI) reported net debt / EBITDA of 1.4× in Q3 2025.
How has HNI's net debt / EBITDA changed year-over-year?: HNI's net debt / EBITDA decreased by 9.7% year-over-year, from 1.5× to 1.4×.
What is the long-term trend for HNI's net debt / EBITDA?: Over 4 years (2020 to 2024), HNI's net debt / EBITDA has grown at a 10.9% compound annual growth rate (CAGR), from 1× to 1.5×.
What does net debt / EBITDA mean?: Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.