Liquidity remains highly sensitive to working capital management, with a notable $11.5 million inflow in 2027Q1 helping to offset operational losses and support a 20.2% FCF margin.
| 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 | 20.12M | 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 % | 191.51% | 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 | -22.85M | -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 | 7.43M | 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 | -1.77M | 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 | -7.56M | -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 | 37.68M | 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 | 12.43M | 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 | -4.39M | 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 | 14.76M | 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 | 3.74M | -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 | 2.83M | 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 | -2.71M | -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 | 0.94% | 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 | 5.51M | -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 | -30.34M | -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) | -22.7M | -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) | -96K | 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 | -7.52M | -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 | -96K | 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 | -16K | 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 | -7.39M | -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 | 17.4M | 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 % | 6.02% | 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 % | 233.04% | 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 | 1.61 | 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) | -0.76x | -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 | -466K | 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 |
Liquidity constraints and volatility
As reported in recent financial filings, HOFT's operating cash flow frequently decouples from net income, evidenced by a 2027Q1 OCF/NI ratio of 13.58, which suggests that reported earnings are currently failing to capture the underlying cash-generative capacity of the firm's core wholesale operations.
The significant variance between net income and operating cash flow indicates that non-cash items and working capital swings are masking the true economic performance of the business. Investors should monitor whether this divergence reflects a temporary accounting timing difference or a more permanent deterioration in the quality of earnings.
Based on quarterly data, HOFT's free cash flow trajectory remains highly erratic, swinging from a negative $18.9 million in 2025Q3 to a positive $14.0 million in 2027Q1, a pattern that highlights the company's sensitivity to cyclical demand shocks and inventory management challenges.
The inability to maintain consistent positive free cash flow suggests that the company's current business model is highly susceptible to external market conditions. This volatility warrants further investigation into whether the recent cash generation is sustainable or merely a byproduct of aggressive inventory liquidation.
According to historical cash flow statements, working capital changes have been the primary driver of liquidity, with a notable $11.5 million inflow in 2027Q1, suggesting that the company is currently relying on inventory reduction to offset operational losses and fund its ongoing cash requirements.
The reliance on working capital management to generate cash flow appears to be a defensive measure against declining sales. If the company continues to draw down inventory to support liquidity, it may face future supply chain bottlenecks when demand eventually stabilizes.
As indicated by recent SEC filings, HOFT maintains a low capital intensity, with CapEx/Revenue ratios consistently hovering around 1% over the last ten quarters, which suggests that the firm is prioritizing cash preservation over significant investment in its physical distribution or manufacturing infrastructure.
The minimal capital expenditure levels may indicate that the company is deferring necessary upgrades to its hub-and-spoke distribution model. While this supports short-term cash flow, it may impair the company's long-term competitive position if its infrastructure becomes outdated relative to more agile industry peers.
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.