Last 48 quarters of trend data · Industrials · Business Equipment & Supplies
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| 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 → | 31.26 | — | — | 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 | 0.60 | — | 0.56 | 0.79 | 0.88 | 0.89 | 0.96 | 0.95 | 0.87 | 0.92 | 0.73 | 0.58 | 0.54 |
| — | — | -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 | 0.92 | — | 1.09 | 2.60 | 2.88 | 2.67 | 2.94 | 3.02 | 2.75 | 2.81 | 2.62 | 2.21 | 1.71 |
| — | — | -62.8% | -14.1% | +4.7% | -5.2% | +12.0% | +36.7% | +61.4% | +47.1% | +35.6% | +21.0% | -34.8% | |
| P/FCF | 8.06 | — | 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 | 9.01 | — | 8.97 | 5.02 | 7.56 | 11.88 | 8.42 | 7.55 | 8.39 | 12.26 | 6.89 | 6.27 | 8.31 |
| — | — | +6.6% | -33.6% | -9.9% | -3.2% | +22.2% | +20.4% | +0.9% | -0.1% | -7.5% | -6.3% | -7.4% | |
| EV / EBIT | 13.05 | — | — | 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
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Start ComparisonQuick answers to the most common questions about buying HNI stock.
HNI Corporation's current P/E is 31.3x. 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.