What is HNI's operating margin?

HNI (HNI) reported operating margin of 8.2% in Q3 2025.

How has HNI's operating margin changed year-over-year?

HNI's operating margin increased by 14.6% year-over-year, from 7.1% to 8.2%.

What is the long-term trend for HNI's operating margin?

Over 4 years (2020 to 2024), HNI's operating margin has grown at a 27.0% compound annual growth rate (CAGR), from 3.1% to 8.2%.

What does operating margin mean?

Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

HNI HNI Operating margin

Operating margin at other companies

SPX TechnologiesSPXC

15.8%+0.3pp

GriffonGFF

8.3%-8.8pp

Worthington EnterprisesWOR

1.7%+1.0pp

Resideo Technologies, Inc.REZI

7.5%0.0pp

Patrick IndustriesPATK

7%0.0pp

Lennox InternationalLII

19.7%+0.3pp

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

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.

operating income/total revenue=8.2%

Based on trailing twelve months.

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 operating margin?: HNI (HNI) reported operating margin of 8.2% in Q3 2025.
How has HNI's operating margin changed year-over-year?: HNI's operating margin increased by 14.6% year-over-year, from 7.1% to 8.2%.
What is the long-term trend for HNI's operating margin?: Over 4 years (2020 to 2024), HNI's operating margin has grown at a 27.0% compound annual growth rate (CAGR), from 3.1% to 8.2%.
What does operating margin mean?: Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.