HNI (HNI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

HNI

NYSE•Consumer Cyclical•Furnishings, Fixtures & Appliances

$46.21+0.28(0.01%)Pre-market

Market Cap

$3.34B

P/E

759.5x

P/S

0.8x

P/B

1.9x

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates in two segments, Workplace Furnishings and Residential Building Products. Its Workplace Furnishings segment offers panel panel-based and freestanding furniture systems, seating, benching, tables, architectural products, storage, ancillary products, hospitality products, and social collaborative items through a system of independent dealers, company-owned dealers, and office product distributors, as well as directly to end-user customers and governments. The Residential Building Products segment provides various gas, wood, electric, and pellet-fueled fireplaces, inserts, stoves, facings, outdoor fire pits and fire tables, and accessories through a national of independent dealers and distributors, as well as corporation-owned installing distribution and retail outlets. It sells its products under the Allsteel, AMQ, Beyond, Coalesse, D'style, David Edward, Designtex, Gunlocke, HALCON, HBF, HBF Textiles, HON, Interwoven, Kimball, Kimball Hospitality, National, Orangebox, Smith System, Steelcase, Viccarbe brand names. The company was incorporated in 1944 and is headquartered in Muscatine, Iowa.

How this company scores

AverageMetricSide Score: 48/100

Strongest: Growth (16/25); weakest: Profitability (7/25).

Profitability7/25

Growth16/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality14/25

Strengths

Growing revenueCash-backed earningsConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 759.5x5y range 22.4x – 1549.9x

Currently above its 20-quarter median.

P/S · 0.8x5y range 0.6x – 1.6x

Currently below its 20-quarter median.

P/B · 1.9x5y range 1.3x – 5.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 71.3% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $3.34B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.39B
Q. Revenue: $1.47B
TTM EBITDA: $287.10M
TTM Op. Income: $89.10M
Q. Op. Income: $92.10M
TTM Net Income: $4.40M
Q. Net Income: $51.10M
EPS: $0.7
Shares Out.: $72.10M

$4.39B in TTM revenue grew 70.1% YoY, reaching $1.47B last quarter. TTM EBITDA of $287.10M and TTM operating income of $89.10M show growth is flowing through to the bottom line. TTM net income of $4.40M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 44.0%
EBITDA Margin: 10.8%
Op. Margin: 6.3%
Net Margin: 3.5%

Op. margin of 6.3% is down 4.0% YoY — costs are rising relative to revenue. Net margin at 3.5% and gross margin of 44.0% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 759.5x
P/S Ratio: 0.8x
P/B Ratio: 1.9x

At 759.5x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 0.8x and P/B of 1.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 3167% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.82B
Cash: $105.00M
Long-Term Debt: $1.36B
Book Value: $1.81B
D/E Ratio: 0.8
Debt/EBITDA: 8.6

With $4.82B in assets and $1.36B in long-term debt, D/E is 0.8and book value is $1.81B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 37% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $139.80M
TTM Free Cash Flow: $102.70M
FCF Margin: 2.3%
FCF / Net Income: 23.3

TTM FCF of $102.70M on $139.80M in operating cash flow. The FCF / Net Income ratio of 23.3x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 40% — an improving trend.