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NYSE · Materials

HNI CORP (HNI)

As-reported financials and SEC filings for HNI CORP. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About HNI CORP

HNI Corporation manufactures workplace furnishings and residential building products. Its workplace furnishings include office furniture systems, seating, tables, storage, and collaborative items sold primarily through independent dealers and distributors to customers ranging from large multinational companies to small local businesses. The residential building products segment produces hearth products such as fireplaces, stoves, and outdoor fire features, which are sold through dealers, distributors, and company-owned retail outlets.

Snapshot

Revenue
$2.84B
Revenue growth (YoY)
12.4%
Net income
$54.2M
Diluted EPS
$1.11
Gross margin
41.4%
Operating margin
4.4%
Net margin
1.9%
FCF margin
7.3%
ROE
3.0%
net income / fiscal-year-end equity
P/E
45.0×
trailing when available, otherwise FY EPS
Market cap
$3.61B
Long-term debt / equity
0.70×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended January 3, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Hni

  • Revenue grew 12.4% to $2.8B in FY2025, faster than the 3.8% the year before.
  • Operating margin is 4.4% in FY2025, +0.5 pp against 3.9% in FY2020.
  • Most recent quarter Q2 FY2026: revenue $1.5B, up 120.7% from Q2 FY2025.
  • Free cash flow was $209M in FY2025, 7.3% of revenue.
  • Net income fell 61.1% to $54M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Hni’s fundamentals sit among the 241 Materials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin41.4%
79th percentile of 191
Operating margin4.4%
49th percentile of 189
Net margin1.9%
47th percentile of 221
FCF margin7.3%
64th percentile of 205
Revenue growth (YoY)+12.4%
78th percentile of 236
ROE3.0%
49th percentile of 216
P/E45.0×
83rd percentile of 134
Long-term debt / equity0.70×
53rd percentile of 165
Short interest7.39d
86th percentile of 238

No reported insider purchases (code P) in the last 90 days; 8 insider sales totaling $4.6M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+4 quant / multi-strat
Initiated / added
2
0 new, 2 added
Reduced / exited
4
2 trimmed, 2 exited
Combined position
$19.5M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$12.1M299.0KAdded
D. E. ShawquantQ2 2026$4.7M117.4KReduced
AQR Capital ManagementquantQ2 2026$2.2M55.1KAdded
Two Sigma InvestmentsquantQ2 2026$480,31311.9KReduced

No longer held by: Millennium Management (as of Q2 2026), Renaissance Technologies (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
8
$4.6M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-27
filed 2026-08-28
Lorenger Jeffrey DPresident & CEOSell27.1K$50.09$1.4M
2026-08-27
filed 2026-08-28
Lorenger Jeffrey DPresident & CEOSell12.4K$50.09$623K
2026-08-26
filed 2026-08-28
Lorenger Jeffrey DPresident & CEOSell4.7K$50.05$234K
2026-08-26
filed 2026-08-28
Lorenger Jeffrey DPresident & CEOSell2.8K$50.08$142K
2026-08-24
filed 2026-08-26
Lorenger Jeffrey DPresident & CEOSell400$50.01$20K
2026-08-24
filed 2026-08-26
Lorenger Jeffrey DPresident & CEOSell300$50.01$15K
2026-08-03
filed 2026-08-05
Lorenger Jeffrey DPresident & CEOSell35.2K$47.48$1.7M
2026-08-03
filed 2026-08-05
Lorenger Jeffrey DPresident & CEOSell10.6K$47.78$507K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
3.9M
settled 2026-08-14
Change vs prior
-9.6%
vs previous settlement
Days to cover
7.39
at avg daily volume
Avg daily volume
528.6K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-143.9M-9.6%7.39
2026-07-314.3M+4.1%6.28
2026-07-154.1M+10.2%7.97
2026-06-303.8M+9.2%3.38
2026-06-153.4M+12.8%5.20
2026-05-293.1M+8.7%5.10
2026-05-152.8M+11.4%3.07
2026-04-302.5M+26.0%4.93

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2023FY2022FY2021FY2020
Revenue$2.84B$2.53B$2.43B$2.36B$2.18B
Gross profit$1.18B$1.03B$948.3M$834.9M$757.4M
Operating income$126.0M$206.5M$90.3M$155.2M$85.4M
Net income$54.2M$139.5M$49.2M$123.9M$59.8M
Diluted EPS$1.11$2.88$1.09$2.94$1.36

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2023FY2022FY2021FY2020
Operating cash flow$276.3M$226.7M$267.5M$81.2M$131.6M
Capital expenditure$67.8M$52.9M$79.1M$68.4M$66.5M
Free cash flow$208.5M$173.8M$188.4M$12.8M$65.1M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$1.47B120.7%$51.1M$0.70
Q1 FY2026$1.35B124.7%$-38.8M$-0.55
Q4 FY2025$888.4M$-49.2M$-0.92
Q3 FY2025$683.8M$41.2M$0.88
Q2 FY2025$667.1M$48.2M$1.02
Q1 FY2025$599.8M$13.9M$0.29
Q4 FY2023$642.5M-5.5%$38.3M$0.78
Q3 FY2023$672.2M-5.5%$47.5M$0.98

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorMaterials
SIC industryOffice Furniture (No Wood)
Latest annual periodFY2025 (ended January 3, 2026)
Latest reported quarterQ2 FY2026 (ended July 4, 2026)
Oldest indexed filing2016
SEC CIK48287

Selected SEC filings

10-K2026-03-03
View on EDGAR →
10-Q2026-08-04
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
8-K2026-08-20
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-06-10
View on EDGAR →
8-K2026-05-21
View on EDGAR →

Largest Materials peers

All Materials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.