TORVANTA
Other · S&P 500 · data as of 2026-10-05

HNI stock analysis: HNI

HNI (HNI) is an S&P 500 company in Other. It grades weakest on profitability.

The model's view of HNI · subscribers

Where HNI ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with HNI · updated 2026-10-05 · from prices and SEC filings

HNI price performance

HNI against the S&P 500, one year
-40%-20%+0%+20%S&P 500 +18%HNI +5%2025-09-292026-10-05
Year to date+14.9%S&P 500 +14.5% · ahead by 0.4 pts
1 year+3.8%S&P 500 +17.0% · behind by 13.2 pts
3 years+47.7%S&P 500 +89.3% · behind by 41.6 pts
5 years+47.7%S&P 500 +91.3% · behind by 43.6 pts

Total returns with dividends reinvested.

HNI factor grades

Each grade compares HNI with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

CValueFCF yield 5.9% (industry 6.0%)
C+GrowthRevenue growth +70% (industry +8%)EPS growth -102% (industry +10%)
D+ProfitabilityOperating margin 2.0% (industry 9.6%)ROIC 1.9% (industry 10.1%)
BMomentum12-month change +4%From 52-wk high -8%

HNI in plain numbers

HNI key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$3.4B
Revenue growth (y/y)+70%
Free-cash-flow yield5.9%
Dividend yield2.9%
Next earnings (expected)2026-10-27
Valuation measures
Market value$3.4B
Enterprise value$4.7B
Price / sales0.8x
Price / book1.9x
EV / revenue1.1x
EV / EBITDA16.3x
Financial highlights
Revenue, last 12 months$4.4B
Net income, last 12 months$4.3M
EPS, last 12 months (GAAP)$-0.05
Gross margin41.0%
Operating margin2.0%
Net margin0.1%
Return on equity0.3%
Return on invested capital1.9%
Cash$105.0M
Total debt$1.4B
Debt / equity0.76x
Current ratio1.36x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

HNI earnings trends

Revenue vs earnings
-$49.2M$331.2M$711.6M$1.1B$1.5BSep 2024 Revenue: $672.2MDec 2024 Revenue: $642.5MMar 2025 Revenue: $599.8MJun 2025 Revenue: $667.1MSep 2025 Revenue: $683.8MDec 2025 Revenue: $888.4MMar 2026 Revenue: $1.3BJun 2026 Revenue: $1.5BSep 2024 Net income: $47.5MDec 2024 Net income: $38.3MMar 2025 Net income: $13.9MJun 2025 Net income: $48.2MSep 2025 Net income: $41.2MDec 2025 Net income: -$49.2MMar 2026 Net income: -$38.8MJun 2026 Net income: $51.1MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 7.1%Net margin: 6.0%Net margin: 2.3%Net margin: 7.2%Net margin: 6.0%Net margin: -5.5%Net margin: -2.9%Net margin: 3.5%-6%1%7%■ Revenue ■ Net income ━ Net margin
Earnings per share$-1.1$-0.6$-0.0$0.5$1.0Sep 2024 EPS (GAAP, diluted): $1.0Dec 2024 EPS (GAAP, diluted): $0.8Mar 2025 EPS (GAAP, diluted): $0.3Jun 2025 EPS (GAAP, diluted): $1.0Sep 2025 EPS (GAAP, diluted): $0.9Dec 2025 EPS (GAAP, diluted): $-1.1Mar 2026 EPS (GAAP, diluted): $-0.6Jun 2026 EPS (GAAP, diluted): $0.7Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -10% · Dec 2025 -237% · Mar 2026 -290% · Jun 2026 -31%

From the company's 10-Q and 10-K filings with the SEC.

HNI financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$2.2B$2.4B$2.4B$2.5B$2.8B
Net income$59.8M$123.9M$49.3M$139.5M$54.1M
EPS (GAAP)$1.35$2.96$1.03$2.89$1.11
Free cash flow$65.1M$12.8M$188.5M$173.8M$208.4M

HNI earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-30$0.70-31%+121%+2.8%
2026-05-06$-0.55-290%+125%-5.3%
2026-02-25$-1.08-237%+38%-6.5%
2025-10-28$0.88-10%+2%-8.2%
2025-07-24$1.02+36%+7%-0.8%
2025-05-07$0.29-22%+2%+5.4%

About HNI

HeadquartersMuscatine, IA
Industry (SEC code)Office Furniture (No Wood)
Fiscal year endsJanuary 2
Incorporated inIA
Listed onNYSE
FormerlyHON INDUSTRIES INC

From the company's SEC registration record.

Companies similar to HNI

CompanyMarket valueP/ERevenue growthOperating margin12-month change
HNI HNI$3.4Bn/a+70%2.0%+4%
MWA MWA$3.4B15.3x+6%19.4%-15%compare
FIBK FIBK$3.4B11.0xn/an/a+18%compare
AAMI AAMI$3.4B34.1x+24%23.7%+109%compare
SLG SLG$3.4Bn/a+8%65.1%-15%
OSIS OSIS$3.4B22.0x+4%12.3%-21%
KN KN$3.4B61.6x-1%13.4%+64%

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Frequently asked questions

Is HNI stock a buy?

Torvanta does not tell individuals what to buy. Its grades for HNI are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

When does HNI report earnings next?

Based on its filing history, Torvanta expects HNI to report around 2026-10-27.

Does HNI pay a dividend?

Yes. Its dividend yield is about 2.9%, and it has raised its dividend 15 years in a row.

How has HNI performed against the S&P 500?

Over the past year HNI returned +3.8%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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