HNI (HNI) reported SG&A of $514.8M in Q1 2026.

How has HNI's SG&A changed year-over-year?

HNI's SG&A increased by 148.0% year-over-year, from $207.6M to $514.8M.

What is the long-term trend for HNI's SG&A?

Over 4 years (2021 to 2025), HNI's SG&A has grown at a 8.9% compound annual growth rate (CAGR), from $665.65M to $937.1M.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

HNI HNI SG&A

SG&A at other companies

SPX TechnologiesSPXC

$119.4M+9.0%

GriffonGFF

$104.64M-2.6%

Worthington EnterprisesWOR

$75.75M+20.2%

Resideo Technologies, Inc.REZI

$340M+11.1%

Patrick IndustriesPATK

$93.1M-0.9%

Lennox InternationalLII

$185.2M+8.1%

Segments

By segment

See full

Workplace furnishings$442.4M+209%

Residential building products$45.3M+3.0%

Other financials

Income statement

See full

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

See full

Cash & equivalents$80.3M+281%

Total debt$1.7B+213%

Total equity$1.8B+121%

Total assets$4.8B+157%

Cash flow

See full

Operating cash flow-$171.8M-1,463%

CapEx$35.7M+119%

Free cash flow-$207.5M-5,508%

Valuation

See full

Market cap$2.47B+32.5%

Enterprise value$4.11B+70.0%

P/E38.2×-16.5×

P/S0.7×0.0×

Profitability

See full

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

Reported directly by HNI in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

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 SG&A?: HNI (HNI) reported SG&A of $514.8M in Q1 2026.
How has HNI's SG&A changed year-over-year?: HNI's SG&A increased by 148.0% year-over-year, from $207.6M to $514.8M.
What is the long-term trend for HNI's SG&A?: Over 4 years (2021 to 2025), HNI's SG&A has grown at a 8.9% compound annual growth rate (CAGR), from $665.65M to $937.1M.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.