HNI Corporation logo HNI - HNI Corporation

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| PRICE TARGET: $95.00 DETAILS
HIGH: $110.00
LOW: $80.00
MEDIAN: $95.00
CONSENSUS: $95.00
UPSIDE: 209.45%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 2,839 2,526.4 2,434 2,361.8 2,184.4 1,955.4 2,246.9 2,257.9 2,175.9 2,203.5 2,304.4 2,222.7 2,060.0 2,004.0 1,833.5 1,686.7 1,656.3 2,477.6 2,570.5 2,679.8 2,433.3 2,093.4 1,755.7 1,692.6 1,792.4 2,046.3 1,789.3 1,696.4 1,362.7 998.1 893.1 846 780.3
Cost of Revenue 1,691.3 1,518.9 1,484.8 1,549 1,457.2 1,258.5 1,437.6 1,446.6 1,408.3 1,365.7 1,467.3 1,443.8 1,355.0 1,323.4 1,200.3 1,106.9 1,093.7 1,661.3 1,673.9 1,765.3 1,559.6 1,350.7 1,116.5 1,092.7 1,181.1 1,380.4 1,171.1 1,120 897.6 654.2 603.3 554.4 521.2
Gross Profit 1,147.7 1,007.5 949.2 812.8 727.2 696.9 809.4 811.3 767.6 837.8 837.1 778.9 705.0 680.6 633.2 579.8 562.6 816.3 896.6 914.5 873.7 742.8 639.2 599.9 611.3 665.9 618.2 576.4 465.1 343.9 289.8 291.6 259.1
Operating Expenses
R&D Expenses 56.6 53.6 47.2 47.8 39.4 35.3 34.7 33.4 31.8 28.1 31.1 29.7 27.3 26.9 23.1 21.8 21.1 27.8 24.0 27.6 27.3 29.8 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 850.5 737.1 724.8 644.7 596.1 560.9 620.9 634.0 623.6 612.4 627.4 608.7 571.6 563.6 526.4 487.7 493.1 677.7 669.2 677.7 626.2 533.7 480.7 454.2 464.2 487.8 406.2 344.3 284.4 215.6 201.7 185.5 171
Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 65.5 53 35.6 25.3 21.4 19 16.6
Operating Expenses 907.1 790.7 772 692.5 635.5 596.3 655.6 667.4 655.5 640.5 658.5 638.4 598.9 590.5 549.5 509.5 514.2 705.5 693.1 705.2 653.5 563.5 480.7 454.2 464.2 487.8 471.7 397.3 320 240.9 223.1 204.5 187.6
Operating Income
Operating Income 240.6 216.8 177.2 120.3 91.7 100.6 153.7 143.9 112.2 197.3 178.6 140.5 106.1 90.1 83.6 70.4 48.4 110.7 203.4 209.2 220.2 179.3 150.9 140.6 116.3 166.0 137.6 170.1 139.2 105.3 65.5 86.1 71.3
Interest Expense 35.1 27.2 25.5 8.8 7.2 7 8.6 10.0 6.4 5.1 6.9 8.3 9.9 10.9 12.0 11.9 12.1 16.9 18.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0.6 0.3 0.3 0.4 0.4 0.6 0.8 0.6 0.5 0.4 1.2 1.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 347.7 313.8 185.2 239.5 167.6 138.8 230.2 202.5 149.5 202.0 221.6 170.0 153.2 131.8 127.5 114.9 77.6 156.2 263.1 277.1 283.7 246.5 231.2 214.4 228.5 257.1 231.6 232.1 180.7 128.3 88.1 106.1 88.1
EBIT 240.6 206 90.3 155.3 84.5 61.1 152.7 127.7 76.7 133.0 164.1 113.3 106.6 88.5 81.2 56.3 2.7 86.1 194.9 207.6 218.2 179.8 158.5 145.7 147.1 178.0 166.1 179.1 145.1 103 66.7 87.1 71.5
Income Before Tax 90.8 179.3 64.8 146.4 78.3 54.4 142.7 118.7 70.6 128.9 157.2 104.9 96.7 77.6 70.2 46.5 (7.7) 69.2 176.7 193.2 214.7 178.9 150.9 140.6 116.3 166.0 137.6 170.1 139.2 105.3 65.5 86.3 70.8
Income Tax Expense 36.5 39.8 15.6 22.5 18.5 12.5 32.2 25.4 (19.3) 43.3 51.8 43.8 33.3 29.3 24.4 16.8 (1.4) 23.6 57.1 63.7 77.7 65.3 52.8 49.2 41.9 59.7 50.2 63.8 52.2 37.2 24.4 31.9 26.2
Net Income 54.2 139.5 49.2 123.9 59.8 41.9 110.5 93.4 89.8 85.6 105.4 61.5 63.7 49.0 46.0 26.9 (6.4) 45.5 120.4 123.4 137.4 113.6 98.1 91.4 74.4 106.2 87.4 106.3 87 68.1 41.1 54.2 45.1
Per Share Data
EPS (Basic) 1.13 2.94 1.11 2.97 1.38 0.98 2.56 2.14 2.05 1.93 2.38 1.37 1.41 1.08 1.03 0.60 -0.14 1.03 2.58 2.46 2.51 1.99 1.69 1.55 1.26 1.77 1.44 1.72 0.73 1.13 0.68 0.87 0.70
EPS (Diluted) 1.11 2.88 1.08 2.94 1.36 0.98 2.54 2.11 2.00 1.88 2.32 1.35 1.39 1.07 1.01 0.59 -0.14 1.02 2.57 2.45 2.50 1.97 1.68 1.55 1.26 1.77 1.44 1.72 0.73 1.13 0.68 0.87 0.70
Shares Outstanding 47.9 47.4 44.5 41.7 43.4 42.7 43.1 43.6 43.8 44.4 44.3 44.8 45.3 45.2 44.8 45.0 44.9 44.3 46.7 50.1 54.6 57.1 58.2 58.9 59.1 60.0 60.7 61.8 59.2 60.3 60.9 62.7 64.4
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 209.2 22.5 28.9 17.4 52.3 116.1 52.1 76.8 23.3 36.3 87.4 39.5 29.7 139.0 139.2 78.8 3.2 22.2 17.5 46.1 31.2 32.2 27.7 32.8
Short-Term Investments 6.5 6.4 5.6 2 1.4 1.7 1.1 1.3 2.0 2.3 6.0 9.8 6.8 65.2 16.4 0 0 0 0 0 0 0 0 0
Net Receivables 571.1 249.6 246.7 218.1 237.2 203.2 275.4 255.7 258.6 229.4 163.7 238.3 234.7 181.5 181.1 161.4 211.2 196.7 183.6 158.4 109.1 88.2 94.3 83.7
Inventory 475.3 194.3 196.6 180.1 181.6 137.8 163.5 157.2 155.7 118.4 65.1 84.3 77.6 49.8 46.8 50.1 84.4 74.9 67.2 60.2 43.6 36.6 43.3 38.6
Other Current Assets 149.8 51.7 58.1 51.6 (0.1) 36.9 36.8 40.8 48.9 46.6 20.3 45.9 14.6 14.3 10.1 14.9 31.4 22.8 22 30.5 21.6 37.2 23.5 33.3
Total Current Assets 1,411.9 524.5 535.9 469.2 523.5 495.7 528.8 531.9 488.5 433.0 360.3 417.8 374.6 462.1 405.1 319.7 330.1 316.6 290.3 295.2 205.5 194.2 188.8 188.4
Non-Current Assets
Property, Plant & Equipment 1,411.7 665.7 682.6 452.3 459.9 442.3 456.5 384.9 390.3 356.4 260.1 315.6 311.3 312.4 353.3 405.0 454.3 455.6 444.2 341 234.6 210 177.8 157.8
Goodwill 0 442.1 441 305.9 297.3 292.4 270.8 270.8 279.5 290.7 261.1 268.4 224.6 192.1 0 0 0 0 108.6 98.7 51.2 0.9 0 0
Intangible Assets 1,702.6 182.2 210.9 133.9 174.1 166.5 174.9 192.5 211.4 182.7 0 135.0 0 0 192.4 214.3 216.4 113.1 0 0 0 0 0 0
Long-Term Investments 0 45.3 19.3 12.3 0 13.4 13.3 3.8 3.4 0 (20.3) 19.2 (14.6) (14.3) (10.1) (39.6) (37.2) (38.1) (31.4) (19.1) (10.7) (11.7) 0 0
Other Non-Current Assets 358.8 15.3 39.1 40.9 43.1 7.1 7.9 16.4 18.3 66.7 112.8 9.6 111.2 55.2 69.8 22.9 21.6 21.4 21.4 19.8 22.2 5.3 6 6.2
Total Non-Current Assets 3,473.1 1,350.6 1,392.9 945.5 974.4 922.3 923.7 870.0 902.7 887.2 634.1 747.8 647.1 559.7 615.5 642.2 692.3 590.1 574.2 459.5 308 215.3 183.8 164
Total Assets 4,885 1,875.1 1,928.8 1,414.5 1,497.9 1,418.0 1,452.5 1,401.8 1,391.5 1,330.2 994.3 1,165.6 1,021.7 1,021.8 1,020.6 961.9 1,022.5 906.7 864.5 754.7 513.5 409.5 372.6 352.4
Current Liabilities
Account Payables 1,016.4 190.4 193.7 165.3 233.8 190.5 227.6 221.4 235.6 201.8 114.4 96.8 254.0 211.2 252.1 53.7 240.5 213.1 193.9 183.7 127.9 117.3 99.9 97.2
Short-Term Debt 123 84 37.8 25.3 3.2 22.4 23.6 0.7 36.6 34.0 0.0 60.2 5.5 28.6 42.8 8.1 12.3 12.1 21.7 8.9 22.1 6.3 6.2 6.6
Deferred Revenue 0 0 0 31.3 27.2 53.1 55.0 45.4 0 0 0 0 0 0 0 14.9 0 0 0 0 0 0 0 0
Other Current Liabilities (0.1) 143.2 156.6 114 82.1 95.7 91.2 86.3 154.0 148.0 0 161.9 6.8 6.0 3.7 6.1 12.1 (0.1) 1.8 8.2 2.6 5.3 5 7
Total Current Liabilities 1,139.3 477.5 463.7 395.1 506.4 439.0 478.7 434.3 489.7 463.5 300.1 373.6 266.2 245.8 298.7 230.4 264.9 225.1 217.4 200.8 152.6 128.9 111.1 110.8
Non-Current Liabilities
Long-Term Debt 1,276.9 294.3 428.3 188.8 174.6 174.5 174.4 249.4 240 180 200 267.3 2.6 2.7 8.6 79.6 128.3 124.2 135.6 134.5 97.8 45.9 46.1 51.2
Deferred Tax Liabilities 180.9 71.6 85.1 61 75 74.7 87.2 82.2 76.9 110.7 24.2 25.3 42.6 37.7 37.1 39.6 37.2 38.1 31.4 19.1 10.7 10.8 12.1 11
Other Non-Current Liabilities 220.5 72.9 78.1 66.2 80.7 81.3 68.0 68.6 70.4 75.0 50.3 50.4 40.0 24.3 28.0 18.3 18.7 18 18.1 18.6 (0.1) 7.7 8.7 (0.2)
Total Non-Current Liabilities 1,910.2 557.2 703.4 402.6 401.5 388.3 389.4 404.3 387.3 365.8 274.6 343.0 86.2 66.1 75.0 138.8 184.3 180.3 185.1 172.2 108.4 64.4 66.9 62
Total Liabilities 3,049.5 1,034.7 1,167.1 797.7 907.9 827.3 868.1 838.6 877.0 829.2 574.7 716.6 352.5 311.9 373.7 369.2 449.1 405.4 402.5 373 261 193.3 178 172.8
Stockholders' Equity
Common Stock 0 47.2 46.9 41.4 42.6 42.9 42.6 43.6 43.4 44.1 45.1 44.3 55.3 58.2 58.4 58.7 59.8 60.2 61.3 61.7 29.7 30.4 0 0
Retained Earnings 590.4 599.6 523.6 534 514.6 518.0 529.7 504.9 467.3 461.5 355.3 400.4 606.6 641.7 587.7 532.6 495.8 416 351.8 265.2 227.4 193.5 174.6 161.1
Accumulated Other Comprehensive Income 3.5 (8.3) (10.6) (8) (6.8) (9.2) (8.1) (3.6) (3.6) (5) (0.8) (1.9) 0.3 (0.4) 0.2 0.6 0.4 0.1 1.2 (2.2) (10) (16.4) (119.1) (108.9)
Total Stockholders' Equity 1,835.6 840.1 761.4 616.5 589.6 590.4 584.0 562.9 514.1 500.6 419.3 448.8 669.2 709.9 646.9 592.7 573.3 501.3 462 381.7 252.4 216.2 194.6 179.6
Total Liabilities & Equity 4,885.1 1,875.1 1,928.8 1,414.5 1,497.5 1,418.0 1,452.5 1,401.8 1,391.5 1,330.2 994.3 1,165.6 1,021.7 1,021.8 1,020.6 961.9 1,022.5 906.7 864.5 754.7 513.5 409.5 372.6 352.4
Debt Metrics
Total Debt 1,631.8 496.8 578 300.7 274.6 254.7 257.8 250.0 276.6 214.0 200.4 327.5 9.1 32.7 52.6 89.0 140.5 136.3 157.3 143.4 119.9 52.2 52.3 57.8
Net Debt 1,422.6 474.3 549.1 283.3 222.3 138.6 205.8 173.2 253.3 177.7 113.0 288.0 (20.5) (106.2) (86.5) 10.1 137.4 114.1 139.8 97.3 88.7 20 24.6 25
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 54.2 139.5 49.2 123.9 59.8 41.9 110.5 93.3 89.9 85.6 137.4 113.6 98.1 91.4 74.4 106.2 87.4 106.3 87 68.1 41.1 54.4 44.6
Depreciation & Amortization 107.1 107.8 94.9 84.2 83.1 77.7 77.4 74.8 72.9 68.9 65.5 66.7 72.8 68.8 81.4 79.0 65.5 53 35.6 25.3 21.4 19 16.6
Stock-Based Compensation 0 17.4 0 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 26 (30.5) 69.8 (80.4) (60.2) 31.9 (12.1) (8.5) (34.3) 7.8 (3.9) 2.1 (38.9) 20.4 47.0 25.2 (4.9) (27.8) 10.3 (4.7) 31.1 (11.7) 3
Other Non-Cash Items 55.2 6.6 54.2 (40.2) 49.2 74.9 36.8 23.6 38.4 40.5 10.1 11.2 12.7 19.6 18.1 1.7 2.2 1.5 0.1 (0.1) (0.1) (0.2) 1.9
Operating Cash Flow 276.2 226.7 267.5 81.2 131.6 214.5 219.4 186.4 133.1 223.4 201.0 194.3 141.3 202.4 227.8 204.9 156.2 146.8 141.4 93.3 93 64.6 64
Investing Activities
Capital Expenditure (65.8) (50.6) (78.1) (60) (53.5) (32.3) (60.8) (55.6) (109.2) (93.4) (38.9) (35.8) (34.8) (25.9) (36.9) (59.8) (80.4) (161.2) (85.5) (123.8) (53.9) (35) (27.5)
Acquisitions (390.3) 0 (367) 58.1 (44.6) (58.3) 66.9 (2.9) (0.9) (34.3) (33.8) (134.8) 1.8 0 (8.7) (134.7) 0 0 0 0 0 0 0
Purchases of Investments (2.8) (3.2) (5.7) (2.8) (3.4) (4.2) (6.7) (2.7) (3.5) (8.7) (34.5) (24.5) (55.1) (38.9) 0 0 0 0 0 0 (11.6) 0 (5.7)
Sales/Maturities of Investments 4.8 4.7 5.4 2.3 3.3 3.6 4.8 3.1 3.2 8.6 34.9 77.8 15 0 0 0 0.2 0.1 0.4 12.4 0 8.5 0
Other Investing Activities 10.2 0.4 1.6 0.1 0.2 0.3 (61.0) 24.9 10.5 1.0 (2.6) (0.8) (8.4) 0.9 (1.4) (2.2) (3.9) 1.2 (115.6) 9.5 2.7 2.1 (1)
Investing Cash Flow (443.9) (51) (444.8) (10.7) (111.0) (100.4) (62.9) (41.2) (118.0) (153.0) (74.9) (114.7) (81.5) (63.9) (47.0) (196.7) (84.1) (159.9) (200.7) (101.9) (62.8) (24.4) (34.2)
Financing Activities
Net Debt Issuance 499.6 (92.4) 248 12.3 2.4 0.1 (74.9) (29.7) 62.6 17.4 141.0 (26.8) (20.2) (35.1) (51.1) 7.7 (20) 13.1 35.8 42.7 (3.3) (3.9) (6)
Stock Repurchased (83.6) (65.8) (0.3) (65.2) (59.2) (6.8) (83.9) (30.5) (57.5) (55.8) (202.2) (145.6) (21.5) (15.7) (35.1) (18.0) (30.9) (12.2) (4.1) (21.9) (9.8) (29.6) (19.6)
Dividends Paid (63.1) (63.6) (58.5) (53.2) (53.8) (52.1) (52.2) (51.1) (49.6) (48.5) (33.8) (32.0) (30.3) (29.4) (28.4) (26.5) (23.1) (19.7) (16.7) (15) (14.5) (13.6) (12.6)
Other Financing Activities 6.4 (11.6) (2.7) (4) (5.0) 0.6 (0.7) (0.2) 2.1 2.7 0 0 0 0 0 0 0 0 0 0 0.1 (0.1) 0.1
Financing Cash Flow 363.1 (182.2) 188.8 (105.4) (84.5) (50.0) (181.2) (91.7) (28.1) (62.6) (80.0) (188.8) (60.0) (78.2) (105.1) (27.2) (67.5) (15.5) 74.2 7.6 (25.6) (45.4) (37)
Cash Position
Net Change in Cash 186.7 (6.4) 11.5 (34.9) (63.9) 64.0 (24.7) 53.5 (13.0) 7.8 46.0 (109.3) (0.2) 60.3 75.7 (19.0) 4.7 (28.6) 14.9 (1) 4.6 (5.2) (7.2)
Cash at Beginning 22.5 28.9 17.4 52.3 116.1 52.1 76.8 23.3 36.3 28.5 29.7 139.0 139.2 78.8 3.2 22.2 17.5 46.1 31.2 32.2 27.7 32.8 40.1
Cash at End 209.2 22.5 28.9 17.4 52.3 116.1 52.1 76.8 23.3 36.3 75.7 29.7 139.0 139.2 78.8 3.2 22.2 17.5 46.1 31.2 32.3 27.6 32.9
Free Cash Flow 210.4 176.1 189.4 21.2 78.2 182.2 158.6 130.8 23.9 129.9 162.1 158.5 106.4 176.5 190.9 145.1 75.8 (14.4) 55.9 (30.5) 39.1 29.6 36.5
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 2,839 2,526.4 2,434 2,361.8 2,184.4 1,955.4 2,246.9 2,257.9 2,175.9 2,203.5 2,304.4 2,222.7 2,060.0 2,004.0 1,833.5 1,686.7 1,656.3 2,477.6 2,570.5 2,679.8 2,433.3 2,093.4 1,755.7 1,692.6 1,792.4 2,046.3 1,789.3 1,696.4 1,362.7 998.1 893.1 846 780.3
Gross Profit 1,147.7 1,007.5 949.2 812.8 727.2 696.9 809.4 811.3 767.6 837.8 837.1 778.9 705.0 680.6 633.2 579.8 562.6 816.3 896.6 914.5 873.7 742.8 639.2 599.9 611.3 665.9 618.2 576.4 465.1 343.9 289.8 291.6 259.1
Operating Income 240.6 216.8 177.2 120.3 91.7 100.6 153.7 143.9 112.2 197.3 178.6 140.5 106.1 90.1 83.6 70.4 48.4 110.7 203.4 209.2 220.2 179.3 150.9 140.6 116.3 166.0 137.6 170.1 139.2 105.3 65.5 86.1 71.3
Net Income 54.2 139.5 49.2 123.9 59.8 41.9 110.5 93.4 89.8 85.6 105.4 61.5 63.7 49.0 46.0 26.9 (6.4) 45.5 120.4 123.4 137.4 113.6 98.1 91.4 74.4 106.2 87.4 106.3 87 68.1 41.1 54.2 45.1
EPS (Diluted) 1.11 2.88 1.08 2.94 1.36 0.98 2.54 2.11 2.00 1.88 2.32 1.35 1.39 1.07 1.01 0.59 -0.14 1.02 2.57 2.45 2.50 1.97 1.68 1.55 1.26 1.77 1.44 1.72 0.73 1.13 0.68 0.87 0.70
Balance Sheet
Cash & Equivalents 209.2 22.5 28.9 17.4 52.3 116.1 52.1 76.8 23.3 36.3 87.4 39.5 29.7 139.0 139.2 78.8 3.2 22.2 17.5 46.1 31.2 32.2 27.7 32.8
Total Assets 4,885 1,875.1 1,928.8 1,414.5 1,497.9 1,418.0 1,452.5 1,401.8 1,391.5 1,330.2 994.3 1,165.6 1,021.7 1,021.8 1,020.6 961.9 1,022.5 906.7 864.5 754.7 513.5 409.5 372.6 352.4
Total Debt 1,631.8 496.8 578 300.7 274.6 254.7 257.8 250.0 276.6 214.0 200.4 327.5 9.1 32.7 52.6 89.0 140.5 136.3 157.3 143.4 119.9 52.2 52.3 57.8
Stockholders' Equity 1,835.6 840.1 761.4 616.5 589.6 590.4 584.0 562.9 514.1 500.6 419.3 448.8 669.2 709.9 646.9 592.7 573.3 501.3 462 381.7 252.4 216.2 194.6 179.6
Cash Flow
Operating Cash Flow 276.2 226.7 267.5 81.2 131.6 214.5 219.4 186.4 133.1 223.4 201.0 194.3 141.3 202.4 227.8 204.9 156.2 146.8 141.4 93.3 93 64.6 64
Capital Expenditure (65.8) (50.6) (78.1) (60) (53.5) (32.3) (60.8) (55.6) (109.2) (93.4) (38.9) (35.8) (34.8) (25.9) (36.9) (59.8) (80.4) (161.2) (85.5) (123.8) (53.9) (35) (27.5)
Free Cash Flow 210.4 176.1 189.4 21.2 78.2 182.2 158.6 130.8 23.9 129.9 162.1 158.5 106.4 176.5 190.9 145.1 75.8 (14.4) 55.9 (30.5) 39.1 29.6 36.5