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MillerKnoll logo
MillerKnollMLKN
$35.4M+46.3%
Resideo Technologies, Inc. logo
Resideo Technologies, Inc.REZI
$48M+37.1%

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$3.53B+75.6%
Enterprise value$5.18B+102%
P/E54.7×-23.6×
P/S+0.2×

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:ResearchAndDevelopmentExpense.

The source filing: HNI’s 10-K, filed March 3, 2026.

Filed
Mar 3, 2026, 8:27 AM EST
Fiscal year
FY2025
Accession
0000048287-26-000084
Line item202520242023
Research and development costs$56.6$53.6$47.2

Item 16. Form 10-K Summary

FAQ

What is HNI's R&D?
HNI (HNI) reported R&D of $14.15M in Q4 2025.
How has HNI's R&D changed year-over-year?
HNI's R&D increased by 5.6% year-over-year, from $13.4M to $14.15M.
What is the long-term trend for HNI's R&D?
Over 4 years (2021 to 2025), HNI's R&D has grown at a 9.5% compound annual growth rate (CAGR), from $39.4M to $56.6M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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