HNI Corporation Income Statement

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

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 3, 2026	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Revenue	2,839	2,526	2,434	2,362	2,184
Revenue Growth (YoY)	12.37%	3.80%	3.06%	8.12%	11.71%
Cost of Revenue	1,660	1,488	1,485	1,518	1,419
Gross Profit	1,179	1,038	949.2	843.7	765
Selling, General & Admin	937	736.1	694.6	644.7	596.1
Research & Development	-	53.6	47.2	47.8	39.4
Amortization of Goodwill & Intangibles	-	30.9	30.1	30.9	30.1
Operating Expenses	937	820.6	771.9	723.4	665.6
Operating Income	241.6	217.8	177.3	120.3	99.4
Interest Expense	-35.6	-27.2	-25.5	-8.8	-7.2
Other Non Operating Income (Expenses)	0.3	-	-	-	-
EBT Excluding Unusual Items	206.3	190.6	151.8	111.5	92.2
Merger & Restructuring Charges	-103.8	-11.2	-54.4	-14.5	-8.1
Impairment of Goodwill	-	-	-27.6	-	-5.8
Gain (Loss) on Sale of Investments	-	-0.1	-1.6	-1	-
Gain (Loss) on Sale of Assets	-6.5	-	-	50.4	-
Asset Writedown	-7.7	-	-3.4	-	-
Other Unusual Items	2.4	-	-	-	-
Pretax Income	90.7	179.3	64.8	146.4	78.3
Income Tax Expense	36.5	39.8	15.6	22.5	18.5
Earnings From Continuing Operations	54.2	139.5	49.2	123.9	59.8
Net Income	54.2	139.5	49.2	123.9	59.8
Net Income to Common	54.2	139.5	49.2	123.9	59.8
Net Income Growth	-61.15%	183.54%	-60.29%	107.19%	42.72%
Shares Outstanding (Basic)	48	47	45	42	43
Shares Outstanding (Diluted)	49	49	45	42	44
Shares Change (YoY)	0.83%	6.83%	7.58%	-4.09%	2.33%
EPS (Basic)	1.13	2.94	1.11	2.97	1.38
EPS (Diluted)	1.11	2.88	1.09	2.94	1.36
EPS Growth	-61.46%	164.22%	-62.92%	116.18%	38.78%
Free Cash Flow	210.5	176.1	189.4	21.2	78.1
Free Cash Flow Per Share	4.30	3.63	4.17	0.50	1.77
Dividend Per Share	1.350	1.310	1.280	1.270	1.235
Dividend Growth	3.05%	2.34%	0.79%	2.83%	1.23%
Gross Margin	41.52%	41.10%	39.00%	35.72%	35.02%
Operating Margin	8.51%	8.62%	7.28%	5.09%	4.55%
Profit Margin	1.91%	5.52%	2.02%	5.25%	2.74%
Free Cash Flow Margin	7.41%	6.97%	7.78%	0.90%	3.57%
EBITDA	348.7	305.2	250.6	180.1	158.9
EBITDA Margin	12.28%	12.08%	10.30%	7.63%	7.27%
D&A For EBITDA	107.1	87.4	73.3	59.8	59.5
EBIT	241.6	217.8	177.3	120.3	99.4
EBIT Margin	8.51%	8.62%	7.28%	5.09%	4.55%
Effective Tax Rate	40.24%	22.20%	24.07%	15.37%	23.63%

Updated Feb 25, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q