Stocktoria

HNI CORP HNI

NYSE · stock · Office Furniture (No Wood) · website · IPO 1998-07-02 · LEI

HNI CORP statistics & valuation

Market cap$2.9B
P / E52.6×
P / S1.0×
P / B1.6×
Dividend yield2.21%
Net margin1.9%
Return on equity3.0%
Net debt$1.1B
Net debt / EBITDA4.6×
Enterprise value USD$3.9B
EV / EBITDA16.9×
Earnings yield EBIT/EV3.2%
Return on capital3.4%
Graham number -48.5%$25.36

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($25.36); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
3.90% 4.10% 4.10% 4.90% 2.10% 2.70% 5.20% 2.00% 5.50% 1.90% 2016201720182019202120222022202320242026
Gross margin (%)
37.90% 36.00% 37.00% 37.10% 36.90% 34.70% 35.40% 39.00% 40.90% 41.40% 2016201720182019202120222022202320242026
Operating margin (%)
6.10% 3.50% 5.70% 6.70% 3.10% 3.90% 6.60% 3.70% 8.20% 4.40% 2016201720182019202120222022202320242026
Return on equity (%)
17.10% 17.50% 16.60% 18.90% 7.10% 10.10% 20.10% 6.50% 16.60% 3.00% 2016201720182019202120222022202320242026
Shares outstanding
45.5M 44.8M 44.3M 43.5M 43.0M 44.0M 42.2M 46.9M 48.5M 71.3M 2016201720182019202120222022202320242026
Net debt ($)
$177.7M $253.3M $173.2M $123.2M $59.2M $125.5M $172.7M $406.9M $324.4M $1.08B 2016201720182019202120222022202320242026
Share buybacks ($)
2016201720182019202120222022202320242026
Return on assets (%)
6.40% 6.50% 6.70% 7.60% 3.00% 4.00% 8.80% 2.60% 7.40% 1.10% 2016201720182019202120222022202320242026
Free cash flow margin (%)
5.90% 1.10% 2016201720182019202120222022202320242026
Debt / equity (×)
0.43× 0.54× 0.44× 0.30× 0.30× 0.30× 0.31× 0.57× 0.41× 0.70× 2016201720182019202120222022202320242026
EPS ($)
$1.88 $2.00 $2.11 $2.54 $0.98 $1.36 $2.94 $1.09 $2.88 $1.11 2016201720182019202120222022202320242026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

HNI CORP trades at about 44.4× earnings — above its 10-year norm (10-year range 10.8×–43.1×, median 26.8×).

10.8× 44.4×

Shaded band = 10-year range (10.8×–43.1×); dot = today's 44.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2024FY2023FY2022FY2022FY2021FY2019FY2018FY2017FY2016
Gross margin41.4%40.9%39.0%35.4%34.7%36.9%37.1%37.0%36.0%37.9%
Operating margin4.4%8.2%3.7%6.6%3.9%3.1%6.7%5.7%3.5%6.1%
Net margin1.9%5.5%2.0%5.2%2.7%2.1%4.9%4.1%4.1%3.9%
FCF margin————————1.1%5.9%
Return on assets1.1%7.4%2.6%8.8%4.0%3.0%7.6%6.7%6.5%6.4%
Return on equity3.0%16.6%6.5%20.1%10.1%7.1%18.9%16.6%17.5%17.1%
Debt / equity0.70×0.41×0.57×0.31×0.30×0.30×0.30×0.44×0.54×0.43×
Current ratio1.241.091.161.191.031.131.101.221.000.93

Computed from company filings · US · as of 2026-01-03. Facts plus Stocktoria's own computed scores — not investment advice.