Free cash flow swung from negative $18.9M in 2025Q3 to $14.0M in 2027Q1 with working capital driving most of the volatility, so the 14.1% latest FCF margin may reflect timing rather than sustained cash conversion.
Hooker Furnishings Corporation (HOFT) cash flow statement — 28-year operating, investing & financing cash flows
| Metric | TTM | Feb'26 | Feb'25 | Jan'24 | Jan'23 | Jan'22 | Jan'21 | Feb'20 | Feb'19 | Jan'18 | Jan'17 | Jan'16 | Feb'15 | Feb'14 | Feb'13 | Jan'12 | Jan'11 | Jan'10 | Feb'09 | Feb'08 | Nov'06 | Nov'05 | Nov'04 | Nov'03 | Nov'02 | Nov'01 | Nov'00 | Nov'99 | Nov'98 |
|---|
| Cash from Operations | 26.3M | 20.37M | -23.02M | 55.47M | -21.72M | 19.21M | 68.26M | 41.43M | 9.66M | 27.75M | 31.24M | 23.04M | 22.77M | 5.7M | -3.33M | 32.28M | -16.04M | 37.42M | 3.73M | 43.66M | 22.33M | 19.62M | 7.45M | 42.11M | 5.7M | 20.46M | 16.38M | 13.27M | 15.13M |
| Operating CF Margin % | - | 6.68% | -5.79% | 12.8% | -3.72% | 3.24% | 12.64% | 6.78% | 1.41% | 4.47% | 5.41% | 9.33% | 9.32% | 2.5% | -1.53% | 14.51% | -7.44% | 18.4% | 1.43% | 13.78% | 6.38% | 5.74% | 2.15% | 13.63% | 2.29% | 9.25% | 6.53% | 5.82% | 7.37% |
| Operating CF Growth % | 381.31% | 188.51% | -141.49% | 355.41% | -213.06% | -71.86% | 64.77% | 328.78% | -65.18% | -11.18% | 35.61% | 1.18% | 299.72% | 270.9% | -110.33% | 301.25% | -142.85% | 903.35% | -91.46% | 95.53% | 13.78% | 163.44% | -82.31% | 639.37% | -72.17% | 24.92% | 23.48% | -12.35% | - |
| Net Income | -17.91M | -12.89M | -12.51M | 9.56M | -4.31M | 11.72M | -10.43M | 17.08M | 39.87M | 28.56M | 25.29M | 16.18M | 12.58M | 7.93M | 8.63M | 5.06M | 3.24M | 3.01M | 6.91M | 19.66M | 14.14M | 12.48M | 18.2M | 14.71M | 15.39M | 6.51M | 14.91M | 14.29M | 10.79M |
| Depreciation & Amortization | 7.08M | 7.06M | 9.23M | 8.96M | 8.83M | 7.81M | 6.78M | 7.1M | 7.44M | 6.65M | 8M | 2.95M | 2.6M | 2.49M | 2.57M | 2.57M | 2.85M | 3.13M | 2.91M | 3.35M | 4.64M | 6.3M | 7.42M | 8.72M | 8.1M | 7.59M | 6.69M | 4.99M | 4.9M |
| Stock-Based Compensation | -1.76M | 0 | 950K | 1.71M | 1.24M | -28K | 1.74M | 1.3M | 1.28M | 1.18M | 1.16M | 829K | 123K | 338K | 465K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -6.16M | -8.79M | -4.01M | 2.52M | -3.16M | 2.32M | -11.26M | 1.94M | -1.22M | 4.21M | -2.22M | 539K | -135K | 340K | 20K | -36K | -1.87M | 239K | -2M | 2.62M | -3.27M | -1.48M | 41K | 2.3M | -634K | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 37.32M | 16.94M | 5.57M | 462K | 23.99M | -981K | 47.8M | -2.06M | -1.21M | -542K | 1.15M | -821K | 196K | -610K | -607K | 5.02M | 2.3M | 1.44M | 6.28M | 2.75M | 4.58M | 9.03M | 6.62M | 5.44M | 1.79M | 1.46M | 2M | -557K | -620K |
| Working Capital Changes | 12.98M | 18.06M | -22.25M | 32.27M | -48.31M | -1.64M | 33.63M | 16.07M | -36.51M | -12.3M | -2.13M | 3.36M | 7.41M | -4.79M | -14.4M | 22.44M | -22.68M | 28.2M | -10.62M | 15.38M | -4.65M | -6.71M | -24.83M | 10.93M | -18.95M | 4.9M | -7.22M | -5.46M | 68K |
| Change in Receivables | 1.76M | 8.6M | -7.75M | 11.64M | 16.83M | 9.52M | -323K | 25.34M | -17.98M | 4.22M | -21.51M | 4.17M | -3.78M | 653K | -2.53M | 1.5M | -2.45M | 3.01M | 0 | 0 | 7.7M | 0 | -4.61M | 0 | -4.34M | 0 | 0 | 0 | 0 |
| Change in Inventory | 10.59M | 17.54M | -9.56M | 34.78M | -47.83M | -4.86M | 22.65M | 12.39M | -21.32M | -7.21M | 6.02M | 1.26M | 4.04M | 856K | -15.74M | 23.3M | -21.26M | 24.07M | -9.63M | 18.76M | 579K | 992K | -27.33M | 18.64M | -21.44M | 9.26M | -5.73M | -1.24M | -2.34M |
| Change in Payables | 805K | -5.82M | 3.37M | 190K | -15.78M | -1.31M | 6.69M | -15.35M | 8.13M | -4.62M | 4.66M | -1.27M | 3.22M | -5.16M | 2.39M | -2.63M | 1.36M | 2.03M | 0 | 0 | 1.2M | 0 | 7.99M | 0 | 1.34M | 0 | 0 | 0 | 0 |
| Cash from Investing | 2.99M | 1.84M | -2.7M | -8.56M | -29.96M | -6.86M | -476K | -4.25M | -4.51M | -36.48M | -88.06M | -3.46M | -3.68M | -3.85M | -4.62M | -4.23M | -1.02M | -1.71M | -3.75M | -14.1M | -859K | 1.64M | -2.62M | -25.96M | -6.06M | -6.02M | -12.81M | -8.63M | -11.49M |
| Capital Expenditures | -2.56M | -3.16M | -3.07M | -6.82M | -4.2M | -6.69M | -1.21M | -5.13M | -5.21M | -3.17M | -2.45M | -2.85M | -2.99M | -3.6M | -4.06M | -3.81M | -2.01M | -1.68M | -2.27M | -1.94M | -4.27M | -3.59M | -3.7M | -3.97M | -6.08M | -8.8M | -12.01M | -8.63M | -11.49M |
| CapEx % of Revenue | 0.95% | 1.04% | 0.77% | 1.57% | 0.72% | 1.13% | 0.22% | 0.84% | 0.76% | 0.51% | 0.43% | 1.15% | 1.23% | 1.58% | 1.86% | 1.71% | 0.93% | 0.83% | 0.87% | 0.61% | 1.22% | 1.05% | 1.07% | 1.29% | 2.45% | 3.98% | 4.79% | 3.79% | 5.59% |
| Acquisitions | 28K | 5.53M | 3K | -2.37M | -25.27M | 18K | 0 | 16K | 11K | -32.77M | -86.06M | 6K | 0 | 0 | 0 | 0 | 0 | 0 | -181K | -15.83M | 0 | 0 | 0 | -22.08M | 0 | -801K | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 5.52M | -525K | 372K | 630K | -492K | -188K | 734K | 859K | 703K | -544K | 455K | -608K | -687K | -259K | -562K | -424K | 988K | -29K | -1.3M | 3.67M | 3.41M | 5.23M | 181K | 92K | 18K | 3.58M | -801K | 0 | 0 |
| Cash from Financing | -13.14M | -27.39M | -11.15M | -22.76M | 1.32M | -8.82M | -37.98M | -12.58M | -24.63M | -140K | 42.69M | -4.32M | -4.31M | -4.3M | -6.06M | -4.32M | -4.31M | -9.53M | -21.25M | -43.57M | -5.97M | -14.13M | -10.46M | -3.6M | -5.24M | -7.76M | -2.48M | -8.11M | -850K |
| Debt Issued (Net) | -5.63M | -18.63M | -815K | -1.4M | 24.3M | 0 | -30.14M | -5.37M | -17.92M | 5.71M | 47.55M | 0 | 0 | 0 | 0 | 0 | 0 | -5.22M | -2.69M | -2.5M | -2.28M | -9.87M | -7.67M | 2.06M | -2.21M | -2.59M | 22.5M | -5.06M | 2.08M |
| Equity Issued (Net) | -1.26M | 0 | 0 | -11.67M | -13.34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -671K | 0 | 0 | 0 | -14.1M | -36.03M | 0 | -930K | 0 | 0 | -1.17M | -25.41M | -755K | -755K | -775K |
| Dividends Paid | -6.24M | -8.77M | -9.85M | -9.68M | -9.6M | -8.82M | -7.84M | -7.21M | -6.71M | -5.82M | -4.85M | -4.32M | -4.31M | -4.3M | -5.39M | -4.32M | -4.31M | -4.31M | -4.46M | -5.04M | -3.69M | -3.29M | -2.79M | -2.46M | -1.87M | -2.26M | -2.48M | -2.29M | -2.15M |
| Share Repurchases | -1.26M | 0 | 0 | -11.67M | -13.34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -671K | 0 | 0 | 0 | -14.1M | -36.03M | 0 | -930K | 0 | 0 | -1.17M | -25.41M | -755K | -755K | -775K |
| Other Financing | 0 | 0 | -480K | 0 | -37K | 0 | 0 | 0 | 0 | -39K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -38K | 0 | -3.21M | 0 | 22.5M | -2.48M | 0 | 0 |
| Net Change in Cash | 17.84M | -5.18M | -36.86M | 24.16M | -50.36M | 3.52M | 29.81M | 24.6M | -19.48M | -8.88M | -14.13M | 15.26M | 14.78M | -2.46M | -14.01M | 23.73M | -21.37M | 26.19M | -21.27M | -14.01M | 15.5M | 7.13M | -5.63M | 12.54M | -5.61M | 6.68M | 1.09M | -3.47M | 2.8M |
| Free Cash Flow | 23.74M | 17.21M | -26.09M | 48.66M | -25.92M | 12.52M | 67.05M | 36.3M | 4.45M | 24.58M | 28.79M | 20.19M | 19.77M | 2.1M | -7.39M | 28.47M | -18.05M | 35.75M | 1.46M | 41.72M | 18.06M | 16.03M | 3.75M | 38.13M | -387K | 11.66M | 4.37M | 4.64M | 3.65M |
| FCF Margin % | 8.78% | 5.64% | -6.56% | 11.23% | -4.44% | 2.11% | 12.42% | 5.94% | 0.65% | 3.96% | 4.99% | 8.17% | 8.09% | 0.92% | -3.39% | 12.8% | -8.38% | 17.58% | 0.56% | 13.17% | 5.16% | 4.69% | 1.08% | 12.34% | -0.16% | 5.27% | 1.74% | 2.04% | 1.78% |
| FCF Growth % | 272.78% | 165.96% | -153.62% | 287.74% | -307.05% | -81.33% | 84.72% | 716.1% | -81.9% | -14.61% | 42.58% | 2.1% | 841.62% | 128.4% | -125.97% | 257.75% | -150.49% | 2350.1% | -96.5% | 130.99% | 12.64% | 327.92% | -90.17% | 9953.49% | -103.32% | 166.83% | -5.78% | 27.17% | - |
| FCF per Share | 2.21 | 1.60 | -2.48 | 4.49 | -2.24 | 1.05 | 5.67 | 3.07 | 0.38 | 2.11 | 2.47 | 1.87 | 1.84 | 0.20 | -0.69 | 2.64 | -1.68 | 3.32 | 0.13 | 3.35 | 1.51 | 1.36 | 0.32 | 3.32 | -0.03 | 0.76 | 0.30 | 0.30 | 0.24 |
| FCF Conversion (FCF/Net Income) | -1.33x | -0.76x | 1.84x | 5.62x | 5.04x | 1.64x | -6.55x | 2.43x | 0.24x | 0.97x | 1.24x | 1.42x | 1.81x | 0.72x | -0.39x | 6.38x | -4.95x | 12.44x | 0.54x | 2.22x | 1.58x | 1.57x | 0.41x | 2.86x | 0.37x | 3.14x | 1.10x | 0.93x | 1.40x |
| Interest Paid | -603K | 0 | 1.31M | 1.38M | 642K | 0 | 444K | 993K | 1.34M | 1.14M | 1.14M | 43K | 45K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 23K | 101K | 5.89M | 5.87M | 6.82M | 13.61M | 14.12M | 14.12M | 8.84M | 4.7M | 5.53M | 2.9M | 1.99M | 3.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying HOFT stock.
Hooker Furnishings Corporation (HOFT) generated $20.4M in net cash from operating activities in 2026. This reflects the cash generated directly from core business operations.
Hooker Furnishings Corporation (HOFT) generated $17.2M in free cash flow in 2026. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Hooker Furnishings Corporation (HOFT) spent $3.2M on capital expenditures in 2026. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2026, Hooker Furnishings Corporation (HOFT) returned $8.8M to shareholders via cash dividends. This shows the company's commitment to returning capital to its equity investors.
Key Metrics
Top Statement Risk
Volatile operating cash generation
Metrics are mathematically derived from official filings.
Operating Cash Flow Diverges From Earnings
Based on reported quarterly figures, HOFT's operating cash flow swung from negative $17.6M in 2025Q3 to positive $14.4M in 2027Q1, while net income stayed near breakeven, pointing to a large working capital-driven gap between reported profit and cash generation.
The OCF-to-net-income ratio is erratic, with values ranging from roughly -4.8 to 13.6, which makes the ratio itself uninformative in several quarters where net income is close to zero. The swings are dominated by working capital movements rather than by earnings quality, so reported profit appears to be a weak guide to cash generation. Investors should monitor whether the 2027Q1 inflow reflects genuine collections improvement or a timing reversal of prior outflows.
Free Cash Flow Turns Volatile Quarter To Quarter
As reported in financial statements, HOFT's free cash flow moved from negative $18.9M in 2025Q3 to $14.0M in 2027Q1, with FCF margins ranging from -18.1% to 20.2%, indicating highly unstable cash generation.
The trajectory reflects working capital timing far more than underlying profitability, since capital expenditure remains small at roughly 0.6% to 1.2% of revenue. A positive FCF margin in one quarter does not establish a durable trend given the prior negative run. The most recent 2027Q2 margin of 14.1% is encouraging, but it remains to be seen whether it persists across additional periods.
Working Capital Drives Cash Volatility
Based on HOFT's reported figures, working capital changes ranged from a $17.4M outflow in 2025Q3 to a $17.1M inflow in 2026Q1, explaining most of the quarterly variation in operating cash flow.
The magnitude of working capital swings relative to revenue suggests receivables, inventory, or payables are moving sharply between periods. Such patterns may indicate seasonal or timing effects, but the data alone does not allow the drivers to be isolated. Further investigation of the balance sheet components would be needed to determine whether the inflows are sustainable.
Light Capital Intensity Limits Reinvestment Needs
According to reported figures, HOFT's capital expenditures remained between $403K and $1.2M per quarter, equal to roughly 0.6% to 1.2% of revenue, implying a capital-light operating base.
Capex runs close to depreciation of about $1.7M to $2.3M per quarter, so the business appears to be spending roughly enough to sustain its existing asset base without large growth investment. This low intensity supports cash conversion when working capital is stable. However, it may also indicate underinvestment if the asset base ages, which warrants monitoring.
Dividends Consume Cash During Weak Periods
Based on reported quarterly data, HOFT paid $1.2M to $2.5M in dividends each quarter, with no buybacks and minimal acquisitions, meaning shareholder payouts were maintained even during negative FCF quarters.
Continuing a steady dividend through periods of negative free cash flow, such as 2025Q3 through 2025Q4, implies reliance on balance sheet cash or working capital recovery to fund distributions. The dividend appears fixed in nominal terms rather than linked to cash generation. Investors should monitor whether payouts remain covered by cumulative free cash flow over the coming periods.
Margin Recovery May Mask Cash Fragility
Based on reported figures, the cash flow picture rests on a few strong quarters, and a 14.1% FCF margin in 2027Q2 following negative periods may reflect timing rather than a sustained shift in cash generation.
The 2027Q1 and 2027Q2 inflows together account for a large share of recent positive free cash flow, yet they follow multiple quarters of outflows, so the trend may not yet be established. Working capital reversals could explain these inflows without any change in underlying demand, consistent with the prior finding that revenue declined 23.0% year over year. Investors should monitor whether operating cash flow stays positive once working capital normalizes.