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	Jun 28, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021
Revenue	2,582	2,526	2,434	2,362	2,184	1,955
Revenue Growth (YoY)	-0.83%	3.80%	3.06%	8.12%	11.71%	-12.97%
Cost of Revenue	1,513	1,488	1,485	1,518	1,419	1,234
Gross Profit	1,069	1,038	949.2	843.7	765	721.2
Selling, General & Admin	751.2	736.1	694.6	644.7	596.1	560.9
Research & Development	53.6	53.6	47.2	47.8	39.4	35.3
Operating Expenses	834.7	820.6	771.9	723.4	665.6	620.5
Operating Income	234	217.8	177.3	120.3	99.4	100.7
Interest Expense	-23.8	-27.2	-25.5	-8.8	-7.2	-7
Currency Exchange Gain (Loss)	-	-	-	-	-	-0.4
Other Non Operating Income (Expenses)	0.2	-	-	-	-	-0.1
EBT Excluding Unusual Items	210.4	190.6	151.8	111.5	92.2	93.2
Merger & Restructuring Charges	-11.6	-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	-6.4	-	-	50.4	-	-
Asset Writedown	-	-	-3.4	-	-	-
Pretax Income	192.3	179.3	64.8	146.4	78.3	54.4
Income Tax Expense	44.3	39.8	15.6	22.5	18.5	12.5
Earnings From Continuing Operations	148	139.5	49.2	123.9	59.8	41.9
Net Income	148	139.5	49.2	123.9	59.8	41.9
Net Income to Common	148	139.5	49.2	123.9	59.8	41.9
Net Income Growth	29.60%	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)	-0.21%	6.83%	7.58%	-4.09%	2.33%	-1.14%
EPS (Basic)	3.14	2.94	1.11	2.97	1.38	0.98
EPS (Diluted)	3.08	2.88	1.09	2.94	1.36	0.98
EPS Growth	30.07%	164.22%	-62.92%	116.18%	38.78%	-61.42%
Free Cash Flow	169.8	176.1	189.4	21.2	78.1	182.2
Free Cash Flow Per Share	3.52	3.63	4.17	0.50	1.77	4.24
Dividend Per Share	1.330	1.310	1.280	1.270	1.235	1.220
Dividend Growth	3.10%	2.34%	0.79%	2.83%	1.23%	0.83%
Gross Margin	41.40%	41.10%	39.00%	35.72%	35.02%	36.88%
Operating Margin	9.06%	8.62%	7.28%	5.09%	4.55%	5.15%
Profit Margin	5.73%	5.52%	2.02%	5.25%	2.74%	2.14%
Free Cash Flow Margin	6.58%	6.97%	7.78%	0.90%	3.57%	9.32%
EBITDA	320.1	305.2	250.6	180.1	158.9	159.1
EBITDA Margin	12.40%	12.08%	10.30%	7.63%	7.27%	8.14%
D&A For EBITDA	86.1	87.4	73.3	59.8	59.5	58.4
EBIT	234	217.8	177.3	120.3	99.4	100.7
EBIT Margin	9.06%	8.62%	7.28%	5.09%	4.55%	5.15%
Effective Tax Rate	23.04%	22.20%	24.07%	15.37%	23.63%	22.98%

Updated Jul 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q