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HNIHNI Corporation
$47.16$3.4B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
HNI logo

HNI Corporation

HNI
NYSE · Business Equipment
$47.16
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$3.4B
P/E42.5x
52W High$52.79
Volume586.87K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Acquisition-Driven Revenue Surge Masks Cash Strain

HNI's transformative Kimball acquisition has propelled revenue to $1.5B in 2026Q2, a 120.7% YoY surge, but integration costs and working capital outflows have compressed margins and turned free cash flow negative at -$94.4M. The company's elevated leverage (D/...

GrowthAccelerating
ProfitabilityModerate
ValuationExpensive
TechnicalsHealthy
Explore valuation models
MARKET ACTION

HNI price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

+113% Peers

P/E is 113% above peer median

03

Market leadership

RS 80 · Leader

High momentum (Outperforming 80% of market)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystEstimated earnings · Oct 30

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
HNI+13.20%
S&P 500 (^GSPC)+12.39%
1-Year Return
HNI+6.73%
S&P 500 (^GSPC)+15.77%
3-Year Return
HNI+52.10%
S&P 500 (^GSPC)+76.68%
5-Year Return
HNI+44.84%
S&P 500 (^GSPC)+69.92%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
42.5x
Forward P/EExpansion
11.1x
EV/EBITDA100th %ile
13.9x
FCF YieldCash Flow
6.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
42.5x
30.9x
100th· High
EV/EBITDA
13.9x
9.1x
100th· High
Price/FCF
16.2x
14.0x
60th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$23.64-49.9%
Base (Fair)$52.53+13.9%
Bull$79.18+67.9%
$23.64 Bear$52.53 Base$79.18 Bull
Current Market Price: $47.16
Trades at a 10.2% discount to Base DCF ($52.53)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$2.84B+12.4% YoY
Net income
$54M-61.1% YoY
Free cash flow
$210M+19.5% YoY
Operating margin
8.5%-0.1 pts YoY
ROIC (TTM)7.9%
Avg ROIC 5Y-
ROE (TTM)4.1%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate3/12 (25%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 30, 2026
$1.27+22.1%
vs $1.04
$1.5B-0.3%
vs $1.5B
Q2 2026
May 6, 2026
$0.34+9.7%
vs $0.31
$1.3B-2.0%
vs $1.4B
Q1 2026
Feb 25, 2026
$0.83-8.8%
vs $0.91
$888M+24.8%
vs $712M
Q4 2025
Oct 28, 2025
$1.10+3.8%
vs $1.06
$684M-0.7%
vs $689M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·2d ago
Allsteel and Certified Professional Ergonomist Dr. Lauren Gant on Maximizing Workplace Wellness for National Ergonomics Month 2026

Leading Office Manufacturer Shares Step-by-Step Ergonomic Set-Up Guide, Debunks Common Posture Myths, and Explores How Inclusive Ergonomic Design Promotes Wellbeing at the Office and Beyond Leading Office Manufacturer Shares Step-by-Step Ergonomic Set-Up Guide, Debunks Common Posture Myths, and Explores How Inclusive Ergonomic Design Promotes Wellbeing at the Office and Beyond

Zacks Investment Research·Sep 16, 2026
HNI (HNI) Could Be a Great Choice

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does HNI (HNI) have what it takes?

Defense World·Aug 26, 2026
BlackRock Inc. Takes $431.74 Million Position in HNI Corporation $HNI

BlackRock Inc. acquired a new position in HNI Corporation (NYSE: HNI) in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,684,086 shares of the business services provider's stock, valued at approximately $431,744,000. BlackRock Inc. owned about 14.80% of HNI as of its

GlobeNewsWire·Aug 25, 2026
Allsteel Elevates Office Materiality with Zero-Waste Knit Innovation

Levra Harnesses the Power of Upcycled Marine Litter for Material Innovation and All-Day Comfort Levra Harnesses the Power of Upcycled Marine Litter for Material Innovation and All-Day Comfort

Filtered for HNI CorporationMore Headlines
04

Compare before deciding

Benchmark HNI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for HNI Corporation (HNI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HNI logoHNIHNI CorporationCurrent
$47.16$3.4B42.4912.37%1.91%4.05%2.74%
MLKN logoMLKNMillerKnoll, Inc.
$20.04$1.37B15.184.68%2.38%6.62%—
SCS logoSCSSteelcase Inc.
$16.14$1.85B15.820.2%2.92%9.38%—
UFI logoUFIUnifi, Inc.
$6.71$124.72M-6.05-1.87%-4.62%-10.51%—
HOFT logoHOFTHooker Furnishings Corporation
$13.34$143.29M-5.25-23.22%-6.62%-10.59%—
ETH logoETHGrayscale Ethereum Mini Trust ETF
$25.57$651.75M16.39-5.72%6.88%8.4%—

Compare HNI vs Peers

HNI Corporation (HNI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MLKN

Most directly comparable listed peer for HNI.

Scale Benchmark

vs FAST

Larger-name benchmark to compare HNI against a more recognizable public peer.

Peer Set

Compare Top 5

vs MLKN, SCS, UFI, HOFT

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

HNI SEC Filings & Documents

HNI Corporation (HNI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 20, 2026·SEC

Material company update

Jul 30, 2026·SEC

Material company update

Jun 10, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 3, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

Aug 4, 2026·SEC

FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

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HNI Frequently Asked Questions

HNI Corporation (HNI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is HNI Corporation's revenue?

HNI Corporation (HNI) reported $4.39B in revenue for fiscal year 2025. This represents a 340% increase from $998.1M in 1996.

How fast is HNI Corporation growing?

HNI Corporation (HNI) grew revenue by 12.4% over the past year. This is steady growth.

Is HNI profitable?

Yes, HNI Corporation (HNI) is profitable, generating $4.3M in net income for fiscal year 2025 (1.9% net margin).

Dividend & Returns
Does HNI pay dividends?

Yes, HNI Corporation (HNI) pays a dividend with a yield of 2.74%. This makes it attractive for income-focused investors.

What is HNI's return on equity?

HNI Corporation (HNI) has a return on equity (ROE) of 4.1%. This is below average, suggesting room for improvement.

What is HNI Corporation's free cash flow?

HNI Corporation (HNI) had negative free cash flow of $103.1M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in HNI back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →