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HNI Corporation HNI R2K

Consumer Cyclical · Furnishings, Fixtures & Appliances · United States
https://www.hnicorp.com

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. It operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers panel-based and freestanding office furniture systems, seating, storage, benching, tables, architectural products, storage, and ancillary and hospitality products, as well as social collaborative items. This segment sells its products through independent dealers, wholesalers, office product distributors, e-commerce focused resellers, and wholesalers, as well as directly to end-user customers and governments. The Residential Building Products segment provides various gas, wood, electric, and pellet-fueled prefabricated fireplaces; and inserts, hearth stoves, facings, outdoor fire pits and fire tables, and accessories. This segment sells its products primarily for home use. It serves its products under the Allsteel, AMQ, Beyond, Coalesse, D'style, David Edward, Designtex, Gunlocke, HALCON, HBF, HBF Textiles, HON, Interwoven, Kimball, Kimball Hospitality, National, Orangebox, Smith System, Steelcase, Viccarbe brand names through independent dealers and distributors, and corporation-owned distribution and retail outlets. The company was incorporated in 1944 and is headquartered in Muscatine, Iowa.

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$31.19
-30.56% 1Y

Market & Price

Market Cap
$2.25B
Current Price
$31.19
High / Low (52W)
$51.58 / $28.93
Beta
1.00

Valuation

Stock P/E
115.52
Industry PE
22.37
Forward P/E
6.45
PEG Ratio
0.39
Book Value
$24.64
Price to Book
1.27
P/S
0.63
EV/EBITDA
10.74
Dividend Yield
4.49%

Profitability & Returns

ROCE
3.37%
ROE
0.12%
ROA
4.34%
Profit Margin
0.04%
Op Margin
1.57%
EPS (Latest Qtr)
$-0.55
EPS (TTM)
$0.27

Balance Sheet & Liquidity

Debt/Equity
0.97
Quick Ratio
0.68
Current Ratio
1.39
Debt
$1.73B
Total Assets
$4.88B
Current Assets
$1.41B
Working Capital
$272.60M

Ownership

Promoter Holding
2.09%
Chg in Prom Hold
-
FII / Inst Holding
84.59%
Chg in FII Hold
-0.01%

Financial Snapshot

Enterprise Value
$3.89B
Total Revenue (TTM)
$3.59B
EBITDA
$362.80M
Free Cash Flow
$-5.45M
Operating Cash Flow
$91.90M
Shares Outstanding
71.99M
Gross Margin
41.11%
Payout Ratio
503.70%

Growth (CAGR)

Revenue 5Y
6.33%
Profit 5Y
-24.09%
Revenue (YoY)
124.70%
Earnings (YoY)
-

PROS

  • Attractive dividend yield of 4.49%.

CONS

  • Trading at a high P/E of 115.5.
  • Earnings shrank at -24.1% CAGR over 5 years.
  • Trading 39.5% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 HNI HNI Corporation R2K 31.19 115.52 $2.25B 4.49% 3.37% 0.12% 6.33% -24.09%
2 AMZN Amazon.com, Inc. NDXSPXAI 270.64 31.65 $2.91T - 16.60% 24.29% 11.73% 984.47%
3 TSLA Tesla, Inc. NDXSPXAI 435.79 399.81 $1.64T - 5.29% 4.90% 5.19% -32.94%
4 HD The Home Depot, Inc. SPX 317.14 22.52 $316.23B 2.94% 28.92% 128.38% 1.52% -6.11%
5 MCD McDonald's Corporation SPX 279.20 23.04 $198.37B 2.66% 22.63% - 5.06% 11.50%
6 TJX The TJX Companies, Inc. SPX 154.75 30.11 $171.12B 1.24% 32.91% 61.25% 6.53% 16.24%
7 BKNG Booking Holdings Inc. NDXSPX 167.43 22.09 $129.74B 0.96% 67.24% - 16.35% 20.90%
8 LOW Lowe's Companies, Inc. SPX 214.36 18.12 $120.26B 2.24% 29.62% - -3.85% 1.11%
9 PDD PDD Holdings Inc. NDX 84.44 8.87 $120.19B - 28.69% 25.40% 49.00% 45.85%
Ad space

Quarterly Results

Figures in USD.

Metric Jun 2014Sep 2014Jan 2015Apr 2015Jul 2015Oct 2015Jan 2016Apr 2016Jul 2016Oct 2016Apr 2017Jul 2017Sep 2017Mar 2018Jun 2018Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Apr 2021Jul 2021Oct 2021Apr 2022Jul 2022Oct 2022Apr 2023Jul 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Apr 2026
Revenue ------------599.46M505.07M543.61M611.12M479.46M526.03M625.39M468.70M417.46M507.06M484.29M510.50M586.70M572.30M621.70M598.80M479.10M563.50M711.60M588.00M623.70M672.20M599.80M667.10M683.80M888.40M1.35B1.35B
Cost of Revenue ----------------------------------361.40M380.90M395.70M524.90M847.60M-
Gross Profit 181.13M219.93M227.96M184.50M206.12M231.63M225.14M185.71M208.92M221.55M173.72M184.75M221.24M176.92M200.87M233.33M169.61M192.59M237.67M176.02M150.91M185.55M179.95M187.90M195.40M196.90M220.60M209.50M174.30M215.50M285.30M232.80M261.30M278.80M238.40M286.20M288.10M363.50M499.90M499.90M
Operating Expenses ----------------------------------207.60M215.50M222.70M291.30M514.80M-
Operating Income 16.91M52.73M24.82M15.42M39.41M61.09M47.76M19.52M46.03M51.66M7.93M21.65M57.72M3.69M27.06M53.63M3.68M23.25M60.66M-23.73M14.84M38.76M22.60M24.70M26.20M20.40M29.90M81.90M6.40M-3.60M56.80M29.70M53.40M68.90M30.80M70.70M65.40M72.20M-14.90M-36.40M
EBITDA ----------------------------------49.90M93.10M89.50M900.00K40.30M-
Interest Expense ----------------------------------5.50M6.10M7.20M16.70M20.70M-
Pretax Income ----------------------------------18.90M62.00M57.40M-47.50M-55.60M-
Tax Provision ----------------------------------5.00M13.80M16.20M1.60M-16.80M-
Net Income 9.71M33.59M7.08M8.48M23.88M40.85M32.23M11.84M29.03M33.81M4.84M13.85M37.27M2.51M18.60M39.91M1.02M15.81M46.08M-23.89M12.56M30.69M15.02M17.40M19.20M14.20M30.30M63.10M1.60M-12.80M37.80M17.70M36.00M47.50M13.90M48.20M41.20M-49.20M-38.80M-38.80M
Diluted EPS 0.210.740.160.190.520.900.710.260.640.740.110.310.840.060.420.890.020.361.07-0.560.290.710.340.390.430.330.721.510.04-0.300.800.370.750.980.291.020.88-0.94-0.55-0.55

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2007Jan 2009Jan 2010Jan 2011Dec 2011Dec 2012Dec 2013Jan 2015Jan 2016Dec 2016Dec 2017Dec 2018Dec 2019Jan 2021Dec 2021Jan 2022Dec 2022Dec 2023Dec 2024Dec 2025Jan 2026
Revenue ---------2.20B2.18B2.26B2.25B1.96B-2.18B2.36B2.43B2.53B2.84B2.84B
Cost of Revenue ----------------1.53B1.49B1.49B1.66B-
Gross Profit -817.88M562.80M585.62M639.06M689.23M715.29M784.20M847.40M835.01M783.99M835.04M833.76M721.10M-757.40M834.90M948.30M1.03B1.18B1.18B
Operating Expenses ----------------723.40M772.00M820.70M937.00M-
Operating Income -92.36M8.58M57.91M81.49M87.63M105.99M112.85M163.68M133.69M76.69M128.17M151.34M61.40M-85.40M111.50M176.30M212.70M239.10M126.00M
EBITDA ----------------239.40M185.20M314.30M233.50M-
Interest Expense ----------------8.80M25.50M27.20M35.60M-
Pretax Income ----------------146.40M64.80M179.30M90.80M-
Tax Provision ----------------22.50M15.60M39.80M36.50M-
Net Income -45.45M-6.44M26.94M45.99M48.97M63.68M61.47M105.44M85.58M89.80M93.38M110.50M41.90M-59.80M123.90M49.20M139.50M54.20M54.20M
Diluted EPS 2.570.59-0.140.591.011.071.391.352.321.882.002.112.540.98-1.362.941.092.881.111.11
R&D Expense --21.10M21.80M23.10M26.90M27.30M29.70M31.10M28.09M31.85M33.42M34.70M35.30M-39.40M47.80M47.20M53.60M-56.60M

Compounded Sales Growth

5 Years:6.33%
1 Year:124.70%

Compounded Profit Growth

5 Years:-24.09%
1 Year:-

Stock Price Performance

1 Year:-30.56%
6 Months:-23.02%
3 Months:-29.32%
1 Month:-13.38%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2007Jan 2009Jan 2010Jan 2011Dec 2011Dec 2012Dec 2013Jan 2015Jan 2016Dec 2016Dec 2017Dec 2018Dec 2019Jan 2021Dec 2021Jan 2022Dec 2022Dec 2023Dec 2024Dec 2025Jan 2026
Total Assets -1.17B994.33M997.88M1.05B1.08B1.13B1.24B1.26B1.33B1.39B1.40B1.45B1.42B-1.50B1.41B1.93B1.88B4.88B4.88B
Current Assets ----------------469.20M535.90M522.20M1.41B-
Cash & Equivalents 33.88M39.54M87.37M99.10M72.81M41.78M65.03M34.14M28.55M36.31M23.35M76.82M52.07M116.12M-52.30M17.40M28.90M20.20M209.20M209.20M
Inventory ----------------180.10M196.60M194.30M475.30M-
Receivables ----------------215.20M243.60M246.40M570.00M-
Total Liabilities ----------------797.70M1.17B1.03B3.05B3.05B
Current Liabilities -373.62M300.14M361.35M382.27M389.17M411.58M457.33M435.90M463.47M489.70M434.31M478.70M439.03M-506.40M395.10M463.70M477.50M1.14B1.14B
Long Term Debt -267.30M200.00M150.00M150.20M150.15M150.09M197.74M185.00M180.00M240.00M249.35M174.44M174.52M-174.60M188.80M428.30M294.30M1.28B1.28B
Total Debt ----------------300.70M578.00M496.80M1.59B-
Total Equity -448.83M419.28M407.99M419.06M420.36M436.33M414.59M476.95M500.60M514.07M562.93M584.04M590.42M-589.60M616.50M761.40M840.10M1.84B1.84B
Shares Outstanding ----------------41.40M46.90M47.20M71.30M-

Cash Flows (Annual)

Figures in USD.

Metric Jan 2009Jan 2010Jan 2011Dec 2011Dec 2012Dec 2013Jan 2015Jan 2016Dec 2016Dec 2017Dec 2018Dec 2019Jan 2021Dec 2021Jan 2022Dec 2022Dec 2023Dec 2024Dec 2025Jan 2026
Operating Cash Flow 174.37M193.21M94.38M134.28M144.78M165.00M167.80M173.35M223.36M133.15M186.43M219.38M214.50M-131.60M81.20M267.50M226.70M276.30M276.30M
Investing Cash Flow -131.53M13.28M-25.05M-91.54M-85.81M-75.42M-154.21M-112.88M-153.03M-118.02M-41.22M-62.90M-100.40M--111.00M-10.70M-444.80M-51.00M-443.90M-443.90M
Financing Cash Flow -37.19M-158.65M-57.61M-69.02M-89.99M-66.33M-44.47M-66.07M-62.57M-28.09M-91.74M-181.23M-50.10M--84.50M-105.40M188.80M-182.20M363.10M363.10M
Capital Expenditure -------74.32M-82.61M-93.42M-109.24M------68.40M-79.10M-52.90M-67.80M-
Free Cash Flow ------93.47M90.74M129.94M23.91M-----12.80M188.40M173.80M208.50M-
Net Change in Cash ----------------34.90M11.50M-6.40M195.40M-
Share Buybacks 28.55M017.82M10.00M21.02M27.49M67.91M26.66M55.83M57.51M30.45M83.89M6.80M-59.20M65.20M300.00K65.80M-83.60M
Dividends Paid 38.09M38.67M38.74M41.25M43.04M43.49M44.33M46.33M48.49M49.56M51.09M52.23M52.10M-53.80M53.20M58.50M63.60M-63.10M

Ratios (Annual)

Figures in %.

Metric Dec 2007Jan 2009Jan 2010Jan 2011Dec 2011Dec 2012Dec 2013Jan 2015Jan 2016Dec 2016Dec 2017Dec 2018Dec 2019Jan 2021Dec 2021Jan 2022Dec 2022Dec 2023Dec 2024Dec 2025Jan 2026
Gross Margin % ---------37.9%36.0%37.0%37.1%36.9%-34.7%35.4%39.0%40.9%41.4%41.4%
Operating Margin % ---------6.1%3.5%5.7%6.7%3.1%-3.9%4.7%7.2%8.4%8.4%4.4%
Net Margin % ---------3.9%4.1%4.1%4.9%2.1%-2.7%5.2%2.0%5.5%1.9%1.9%
ROE % -10.1%-1.5%6.6%11.0%11.6%14.6%14.8%22.1%17.1%17.5%16.6%18.9%7.1%-10.1%20.1%6.5%16.6%3.0%3.0%
ROCE % -11.7%1.2%9.1%12.2%12.7%14.7%14.4%19.8%15.4%8.5%13.2%15.5%6.3%-8.6%10.9%12.0%15.2%6.4%3.4%

Shareholding Pattern

Insiders
2.09%
Institutions
84.59%
Public Float
86.39%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 14.37% 10.34M $322.66M
2 FMR, LLC 10.88% 7.84M $244.41M
3 Vanguard Portfolio Management LLC 6.30% 4.54M $141.52M
4 Vanguard Capital Management LLC 4.21% 3.03M $94.63M
5 Dimensional Fund Advisors LP 4.13% 2.97M $92.67M
6 State Farm Mutual Automobile Insurance Co 4.06% 2.92M $91.23M
7 State Street Corporation 3.73% 2.68M $83.74M
8 Northern Trust Corporation 3.17% 2.28M $71.07M
9 Geode Capital Management, LLC 2.41% 1.74M $54.12M
10 Fifth Third Bancorp 2.19% 1.58M $49.22M

Analyst View

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