HNI Corporation (HNI)

HNI Corporation Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 27, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021
Revenue	2,593	2,526	2,434	2,362	2,184	1,955
Revenue Growth (YoY)	1.15%	3.80%	3.06%	8.12%	11.71%	-12.97%
Cost of Revenue	1,515	1,488	1,485	1,518	1,419	1,234
Gross Profit	1,078	1,038	949.2	843.7	765	721.2
Selling, General & Admin	764.5	736.1	694.6	644.7	596.1	560.9
Research & Development	53.6	53.6	47.2	47.8	39.4	35.3
Amortization of Goodwill & Intangibles	30.9	30.9	30.1	30.9	30.1	24.3
Operating Expenses	849	820.6	771.9	723.4	665.6	620.5
Operating Income	229	217.8	177.3	120.3	99.4	100.7
Interest Expense	-24	-27.2	-25.5	-8.8	-7.2	-7
Currency Exchange Gain (Loss)	-	-	-	-	-	-0.4
Other Non Operating Income (Expenses)	0.1	-	-	-	-	-0.1
EBT Excluding Unusual Items	205.1	190.6	151.8	111.5	92.2	93.2
Merger & Restructuring Charges	-17.2	-11.2	-54.4	-14.5	-8.1	-38.8
Impairment of Goodwill	-	-	-27.6	-	-5.8	-
Gain (Loss) on Sale of Investments	-0.1	-0.1	-1.6	-1	-	-
Gain (Loss) on Sale of Assets	-	-	-	50.4	-	-
Asset Writedown	-	-	-3.4	-	-	-
Pretax Income	187.8	179.3	64.8	146.4	78.3	54.4
Income Tax Expense	46.1	39.8	15.6	22.5	18.5	12.5
Earnings From Continuing Operations	141.7	139.5	49.2	123.9	59.8	41.9
Net Income	141.7	139.5	49.2	123.9	59.8	41.9
Net Income to Common	141.7	139.5	49.2	123.9	59.8	41.9
Net Income Growth	14.37%	183.54%	-60.29%	107.19%	42.72%	-62.08%
Shares Outstanding (Basic)	47	47	45	42	43	43
Shares Outstanding (Diluted)	48	49	45	42	44	43
Shares Change (YoY)	-1.34%	6.83%	7.58%	-4.09%	2.33%	-1.14%
EPS (Basic)	3.04	2.94	1.11	2.97	1.38	0.98
EPS (Diluted)	2.98	2.88	1.09	2.94	1.36	0.98
EPS Growth	16.22%	164.22%	-62.92%	116.18%	38.78%	-61.42%
Free Cash Flow	191.1	176.1	189.4	21.2	78.1	182.2
Free Cash Flow Per Share	4.01	3.63	4.17	0.50	1.77	4.24
Dividend Per Share	1.340	1.310	1.280	1.270	1.235	1.220
Dividend Growth	3.08%	2.34%	0.79%	2.83%	1.23%	0.83%
Gross Margin	41.57%	41.10%	39.00%	35.72%	35.02%	36.88%
Operating Margin	8.83%	8.62%	7.28%	5.09%	4.55%	5.15%
Profit Margin	5.46%	5.52%	2.02%	5.25%	2.74%	2.14%
Free Cash Flow Margin	7.37%	6.97%	7.78%	0.90%	3.57%	9.32%
EBITDA	311.7	305.2	250.6	180.1	158.9	159.1
EBITDA Margin	12.02%	12.08%	10.30%	7.63%	7.27%	8.14%
D&A For EBITDA	82.7	87.4	73.3	59.8	59.5	58.4
EBIT	229	217.8	177.3	120.3	99.4	100.7
EBIT Margin	8.83%	8.62%	7.28%	5.09%	4.55%	5.15%
Effective Tax Rate	24.55%	22.20%	24.07%	15.37%	23.63%	22.98%

Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q