HNI (HNI) Financial Statements & Analysis

HNI (HNI) Income Statement

HNI reported revenue of $2.84B in fiscal 2025 (fiscal year ended Jan 3, 2026), up 12.4% from $2.53B a year earlier. Net income was $54.20M, down 61.1% year over year, a net margin of 1.9%. Gross margin was 41.4% and operating margin 4.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jul 4, 2026), revenue was $1.47B.

HNI Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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HNI Corporation income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jan 2026	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Jan 2022	Dec 2021	Jan 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	2.84	2.84	2.53	2.43	2.36	2.18	2.18	1.96	1.96	2.25	2.26	2.18
Cost of Revenue	1.66	1.69	1.49	1.48	1.55	1.42	1.46	1.23	1.26	1.44	1.45	1.41
Gross Profit	1.18	1.15	1.03	0.95	0.81	0.76	0.73	0.72	0.70	0.81	0.81	0.77
Operating Expenses
Research & Development	0.06	0.06	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.03	0.03	0.03
Selling, General & Administrative	0.85	0.85	0.82	0.72	0.64	0.60	0.60	0.56	0.56	0.62	0.63	0.62
Operating Expenses	1.05	0.91	0.82	0.77	0.69	0.67	0.64	0.62	0.60	0.66	0.67	0.66
Operating Income	0.13	0.24	0.21	0.18	0.12	0.09	0.09	0.10	0.10	0.15	0.14	0.11
Other Income/Expense
Interest Income	-	0.00	0.00	0.00	0.00	-	0.00	-	0.00	0.00	0.00	0.00
Interest Expense	-	0.04	0.03	0.03	0.01	-0.01	0.01	-0.01	0.01	0.01	0.01	0.01
Other Income/Expense	-0.04	-0.15	-0.01	-0.11	0.03	-0.01	-0.01	0.00	-0.05	-0.01	-0.03	-0.04
Income
Income Before Tax	0.09	0.09	0.18	0.06	0.15	0.08	0.08	0.05	0.05	0.14	0.12	0.07
Income Tax Expense	0.04	0.04	0.04	0.02	0.02	0.02	0.02	0.01	0.01	0.03	0.03	-0.02
Net Income	0.05	0.05	0.14	0.05	0.12	0.06	0.06	0.04	0.04	0.11	0.09	0.09
Net Income - Continuous Operations	-	0.05	0.14	0.05	0.12	-	0.06	-	0.04	0.11	0.09	0.09
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	0.33	0.23	0.31	0.19	0.24	0.16	0.17	0.16	0.14	0.23	0.20	0.15
EBIT	0.24	0.13	0.21	0.09	0.16	0.10	0.09	0.10	-	-	-	-
Depreciation & Amortization	-	0.11	0.11	0.09	0.08	0.06	0.08	0.06	0.08	0.08	0.07	0.07
Earnings Per Share
Basic EPS	1.00	1.00	3.00	1.00	3.00	1.00	1.00	1.00	1.00	3.00	2.00	2.00
Diluted EPS	1.00	1.00	3.00	1.00	3.00	1.00	1.00	1.00	1.00	3.00	2.00	2.00
Basic Shares Outstanding	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Diluted Shares Outstanding	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04

Source: Company financial statements from annual and quarterly filings. Data as of Jul 4, 2026. Data sources and methodology

Frequently Asked Questions About HNI Financial Statements

What was HNI's revenue in fiscal 2025?

HNI reported revenue of $2.84B in fiscal 2025 (fiscal year ended Jan 3, 2026). That was up 12.4% from $2.53B a year earlier.

Is HNI profitable?

Yes. HNI earned net income of $54.20M in fiscal 2025, a net margin of 1.9%. In fiscal 2024 it earned $139.50M.

What is HNI's operating margin?

HNI's operating income was $126.00M on revenue of $2.84B in fiscal 2025, an operating margin of 4.4%, compared with 8.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition