Last 48 quarters of trend data · Industrials · Business Equipment & Supplies
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 4410.7% YoY to 535.7x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 30.77 | — | — | 13.25 | 12.16 | 38.51 | 16.09 | 13.41 | 15.01 | 30.49 | 21.79 | 10.82 | — |
| — | — | — | -1.2% | -19.0% | +26.3% | -26.1% | +23.9% | — | -83.4% | +19.5% | +146.6% | — | |
| P/S Ratio | 0.57 | 0.28 | 0.56 | 0.79 | 0.88 | 0.89 | 0.96 | 0.95 | 0.87 | 0.92 | 0.73 | 0.58 | 0.54 |
| — | -68.3% | -41.2% | -16.6% | +0.7% | -3.2% | +30.8% | +65.4% | +60.7% | +50.9% | +40.2% | +24.4% | -8.5% | |
| P/B Ratio | 0.91 | 0.86 | 1.09 | 2.60 | 2.88 | 2.67 | 2.94 | 3.02 | 2.75 | 2.81 | 2.62 | 2.21 | 1.71 |
| — | -67.7% | -62.8% | -14.1% | +4.7% | -5.2% | +12.0% | +36.7% | +61.4% | +47.1% | +35.6% | +21.0% | -34.8% | |
| P/FCF | 7.65 | — | 8.21 | 3.99 | 35.41 | — | 14.72 | 5.59 | 15.63 | — | 5.61 | 4.16 | 66.31 |
| — | — | -44.2% | -28.6% | +126.5% | — | +162.3% | +34.4% | -76.4% | — | -45.5% | -22.5% | — | |
| EV / EBITDA | 8.76 | 535.71 | 8.97 | 5.02 | 7.56 | 11.88 | 8.42 | 7.55 | 8.39 | 12.26 | 6.89 | 6.27 | 8.31 |
| — | +4410.7% | +6.6% | -33.6% | -9.9% | -3.2% | +22.2% | +20.4% | +0.9% | -0.1% | -7.5% | -6.3% | -7.4% | |
| EV / EBIT | 12.68 | — | — | 10.10 | 10.59 | 27.29 | 13.47 | 10.96 | 12.90 | 23.36 | 20.72 | 10.00 | — |
| — | — | — | -7.8% | -17.9% | +16.8% | -35.0% | +9.6% | — | -58.6% | +29.3% | +134.3% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
HNI Corporation's operating margin was -2.7% in Q1 2026, down 9.9 pp QoQ and down 7.8 pp YoY. This marks the 4th consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 6.2% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 3.7% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.4% | 37.1% | 40.9% | 42.1% | 41.8% | 38.5% | 39.8% | 40.6% | 40.6% | 38.3% | 40.2% | 40.1% | 36.9% |
| — | -3.7% | +2.9% | +3.8% | +2.9% | +0.6% | -1.1% | +1.3% | +10.0% | +9.6% | +14.1% | +19.0% | +7.9% | |
| Operating Margin | 8.4% | -2.7% | 7.2% | 9.6% | 10.6% | 5.1% | 9.3% | 10.7% | 8.9% | 5.1% | 9.7% | 9.1% | 6.4% |
| — | -152.6% | -22.5% | -11.0% | +19.3% | +1.3% | -4.2% | +18.0% | +39.4% | +147.8% | +91.2% | +74.2% | +28.6% | |
| Net Margin | 1.9% | -4.1% | -5.5% | 6.0% | 7.2% | 2.3% | 6.0% | 7.1% | 5.8% | 3.0% | 3.3% | 5.3% | -2.3% |
| — | -278.1% | -192.9% | -14.7% | +25.2% | -23.0% | +78.5% | +33.0% | +354.1% | +801.3% | +16.5% | -49.6% | -146.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.1% | -3.1% | -3.7% | 5.0% | 6.0% | 1.7% | 4.5% | 5.8% | 4.6% | 2.3% | 3.0% | 5.2% | -1.9% |
| — | -282.2% | -181.1% | -13.9% | +29.3% | -26.8% | +50.3% | +11.9% | +339.5% | +787.2% | +13.4% | -51.9% | -136.4% | |
| ROA | 1.6% | -1.2% | -1.5% | 2.2% | 2.6% | 0.7% | 2.0% | 2.5% | 1.9% | 0.9% | 1.2% | 1.8% | -0.7% |
| — | -254.6% | -172.3% | -11.0% | +36.8% | -19.2% | +75.7% | +33.4% | +352.4% | +705.5% | +2.8% | -54.8% | -138.0% | |
| ROIC | 7.8% | -0.8% | 2.1% | 3.7% | 3.9% | 1.7% | 3.4% | 4.1% | 3.1% | 1.7% | 3.7% | 3.5% | 2.3% |
| — | -146.6% | -38.3% | -8.9% | +28.5% | +4.1% | -6.9% | +17.9% | +33.2% | +106.1% | +53.2% | +36.9% | -7.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
HNI Corporation's Debt/EBITDA ratio is 1170.9x, up from 17.1x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 16.1% YoY to 1.39x, strengthening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.89 | 0.99 | 0.89 | 0.55 | 0.72 | 0.69 | 0.59 | 0.57 | 0.76 | 0.79 | 0.76 | 0.88 | 1.05 |
| — | +44.3% | +50.4% | -3.2% | -5.2% | -13.7% | -22.1% | -35.7% | -26.9% | +55.8% | +55.7% | +71.0% | +40.5% | |
| Debt / EBITDA | 4.71 | 1170.87 | 17.09 | 3.53 | 6.14 | 9.80 | 5.69 | 4.83 | 7.36 | 10.91 | 6.26 | 7.24 | 12.78 |
| — | +11852.8% | +200.3% | -26.9% | -16.6% | -10.2% | -9.1% | -33.2% | -42.4% | +4.3% | +3.1% | +20.9% | +59.3% | |
| Current Ratio | 1.24 | 1.39 | 1.24 | 1.33 | 1.46 | 1.19 | 1.10 | 1.09 | 1.20 | 1.29 | 1.16 | 1.14 | 1.22 |
| — | +16.1% | +12.8% | +21.5% | +21.5% | -7.7% | -5.0% | -4.2% | -1.9% | +2.0% | -2.7% | -2.8% | -3.8% | |
| Quick Ratio | 0.82 | 0.86 | 0.82 | 0.85 | 0.93 | 0.73 | 0.69 | 0.68 | 0.73 | 0.77 | 0.73 | 0.68 | 0.74 |
| — | +17.9% | +18.9% | +24.7% | +27.4% | -5.4% | -5.5% | -0.1% | -1.8% | +6.5% | +0.0% | -0.9% | -8.2% | |
| Interest Coverage | 3.55 | -1.76 | -1.85 | 8.97 | 11.20 | 4.45 | 10.71 | 9.66 | 7.19 | 3.88 | 3.84 | 6.03 | -0.64 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying HNI stock.
HNI Corporation's current P/E is 30.8x. The average P/E over the last 2 quarters is 12.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
HNI Corporation's current operating margin is 8.4%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking HNI Corporation's business trajectory between earnings reports.