HNI CORPHNIEarnings & Financial Report
HNI Corporation is one of the largest office furniture manufacturers in the world in regard to revenues resulting from office segment sales. HNI is also the world's leading hearth products company, manufacturing and marketing gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories. The company was founded in 1944 by engineer C. Maxwell Stanley, advertising executive Clem Hanson, and industrial designer H. Wood Miller. Its headquarters are in Muscatine, Iow...
Revenue
$642.5M
Gross Profit
$260.5M
Operating Profit
$54.5M
Net Profit
$38.3M
Gross Margin
40.5%
Operating Margin
8.5%
Net Margin
6.0%
YoY Growth
-5.5%
EPS
$0.78
HNI CORP Q4 FY2024 Financial Summary
HNI CORP reported revenue of $642.5M (down 5.5% YoY) for Q4 FY2024, with a net profit of $38.3M (up 69.5% YoY) (6.0% margin). Cost of goods sold was $382.0M, operating expenses totaled $206.0M.
Key Financial Metrics
| Total Revenue | $642.5M |
|---|---|
| Net Profit | $38.3M |
| Gross Margin | 40.5% |
| Operating Margin | 8.5% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
HNI CORP Q4 FY2024 revenue of $642.5M breaks down across 3 segments, led by Workplace Furnishings at $462.9M (72.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Workplace Furnishings | $462.9M | 72.0% |
| Kimball International Inc | $157.8M | 24.6% |
| Other Products | $25.5M | 4.0% |
HNI CORP Revenue by Segment — Quarterly Trend
HNI CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Workplace Furnishings and Kimball International Inc) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|
| Workplace Furnishings | — | — | — | $462.9M |
| Kimball International Inc | — | — | — | $157.8M |
| Other Products | $45.9M | $44.2M | — | $25.5M |
HNI CORP Annual Revenue by Year
HNI CORP annual revenue history includes year-by-year totals (for example, 2024 revenue was $2.5B).
| Year | Annual Revenue |
|---|---|
| 2024 | $2.5B |
| 2023 | $2.4B |
| 2022 | $2.4B |
| 2021 | $2.2B |
HNI CORP Quarterly Revenue & Net Profit History
HNI CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $683.8M | +1.7% | $41.2M | 6.0% |
| Q2 FY2025 | $667.1M | +7.0% | $48.2M | 7.2% |
| Q1 FY2025 | $599.8M | +2.0% | $13.9M | 2.3% |
| Q4 FY2024 | $642.5M | -5.5% | $38.3M | 6.0% |
| Q3 FY2024 | $672.2M | -5.5% | $47.5M | 7.1% |
| Q2 FY2024 | $623.7M | +10.7% | $36.0M | 5.8% |
| Q1 FY2024 | $588.0M | +22.7% | $17.7M | 3.0% |
| Q4 FY2023 | $679.8M | +19.5% | $22.6M | 3.3% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $679.8M | $588.0M | $623.7M | $672.2M | $642.5M | $599.8M | $667.1M | $683.8M |
| YoY Growth | 19.5% | 22.7% | 10.7% | -5.5% | -5.5% | 2.0% | 7.0% | 1.7% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.93B | $1.91B | $1.94B | $1.91B | $1.88B | $1.86B | $1.91B | $1.84B |
| Liabilities | $1.17B | $1.14B | $1.15B | $1.07B | $1.03B | $1.05B | $1.10B | $1.01B |
| Equity | $761.4M | $771.5M | $787.8M | $846.6M | $840.1M | $803.6M | $811.0M | $835.9M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $105.0M | $-4.3M | $51.3M | $128.5M | $51.2M | $12.6M | $31.1M | $155.2M |