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Side-by-side financial comparison of AMERICAN WOODMARK CORP (AMWD) and HNI CORP (HNI). Click either name above to swap in a different company.

HNI CORP is the larger business by last-quarter revenue ($683.8M vs $394.6M, roughly 1.7× AMERICAN WOODMARK CORP). HNI CORP runs the higher net margin — 6.0% vs 1.5%, a 4.5% gap on every dollar of revenue. On growth, HNI CORP posted the faster year-over-year revenue change (1.7% vs -12.8%). HNI CORP produced more free cash flow last quarter ($135.6M vs $638.0K). Over the past eight quarters, HNI CORP's revenue compounded faster (0.3% CAGR vs -3.3%).

American Woodmark Corporation is a kitchen and bath cabinet manufacturer headquartered in Winchester, Virginia. The company operates several manufacturing facilities and service centers. The manufacturing facilities are located in Arizona, Georgia, Indiana, Kentucky, Maryland, Tennessee, Virginia, and West Virginia with service centers being located throughout the country.

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...

AMWD vs HNI — Head-to-Head

Bigger by revenue
HNI
HNI
1.7× larger
HNI
$683.8M
$394.6M
AMWD
Growing faster (revenue YoY)
HNI
HNI
+14.5% gap
HNI
1.7%
-12.8%
AMWD
Higher net margin
HNI
HNI
4.5% more per $
HNI
6.0%
1.5%
AMWD
More free cash flow
HNI
HNI
$135.0M more FCF
HNI
$135.6M
$638.0K
AMWD
Faster 2-yr revenue CAGR
HNI
HNI
Annualised
HNI
0.3%
-3.3%
AMWD

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
AMWD
AMWD
HNI
HNI
Revenue
$394.6M
$683.8M
Net Profit
$6.1M
$41.2M
Gross Margin
15.2%
42.1%
Operating Margin
3.1%
9.4%
Net Margin
1.5%
6.0%
Revenue YoY
-12.8%
1.7%
Net Profit YoY
-78.0%
-13.3%
EPS (diluted)
$0.42
$0.88

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMWD
AMWD
HNI
HNI
Q4 25
$394.6M
Q3 25
$403.0M
$683.8M
Q2 25
$400.4M
$667.1M
Q1 25
$397.6M
$599.8M
Q4 24
$452.5M
$642.5M
Q3 24
$459.1M
$672.2M
Q2 24
$453.3M
$623.7M
Q1 24
$422.1M
$588.0M
Net Profit
AMWD
AMWD
HNI
HNI
Q4 25
$6.1M
Q3 25
$14.6M
$41.2M
Q2 25
$25.6M
$48.2M
Q1 25
$16.6M
$13.9M
Q4 24
$27.7M
$38.3M
Q3 24
$29.6M
$47.5M
Q2 24
$26.8M
$36.0M
Q1 24
$21.2M
$17.7M
Gross Margin
AMWD
AMWD
HNI
HNI
Q4 25
15.2%
Q3 25
16.7%
42.1%
Q2 25
17.0%
42.9%
Q1 25
15.0%
39.7%
Q4 24
18.9%
40.5%
Q3 24
20.2%
41.5%
Q2 24
18.6%
41.9%
Q1 24
19.2%
39.6%
Operating Margin
AMWD
AMWD
HNI
HNI
Q4 25
3.1%
Q3 25
5.0%
9.4%
Q2 25
7.4%
10.2%
Q1 25
5.3%
4.1%
Q4 24
9.4%
8.5%
Q3 24
10.2%
10.2%
Q2 24
8.4%
8.6%
Q1 24
6.6%
5.1%
Net Margin
AMWD
AMWD
HNI
HNI
Q4 25
1.5%
Q3 25
3.6%
6.0%
Q2 25
6.4%
7.2%
Q1 25
4.2%
2.3%
Q4 24
6.1%
6.0%
Q3 24
6.5%
7.1%
Q2 24
5.9%
5.8%
Q1 24
5.0%
3.0%
EPS (diluted)
AMWD
AMWD
HNI
HNI
Q4 25
$0.42
Q3 25
$1.00
$0.88
Q2 25
$1.73
$1.02
Q1 25
$1.09
$0.29
Q4 24
$1.79
$0.78
Q3 24
$1.89
$0.98
Q2 24
$1.70
$0.75
Q1 24
$1.32
$0.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMWD
AMWD
HNI
HNI
Cash + ST InvestmentsLiquidity on hand
$52.1M
$28.1M
Total DebtLower is stronger
$363.3M
$324.2M
Stockholders' EquityBook value
$928.2M
$835.9M
Total Assets
$1.6B
$1.8B
Debt / EquityLower = less leverage
0.39×
0.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMWD
AMWD
HNI
HNI
Q4 25
$52.1M
Q3 25
$54.9M
$28.1M
Q2 25
$48.2M
$38.2M
Q1 25
$43.5M
$27.5M
Q4 24
$56.7M
$28.9M
Q3 24
$89.3M
$40.2M
Q2 24
$87.4M
$33.5M
Q1 24
$97.8M
$32.5M
Total Debt
AMWD
AMWD
HNI
HNI
Q4 25
$363.3M
Q3 25
$364.8M
$324.2M
Q2 25
$365.8M
$444.4M
Q1 25
$367.3M
$404.7M
Q4 24
$368.0M
$344.6M
Q3 24
$372.2M
$345.4M
Q2 24
$371.8M
$462.3M
Q1 24
$371.3M
$473.0M
Stockholders' Equity
AMWD
AMWD
HNI
HNI
Q4 25
$928.2M
Q3 25
$920.3M
$835.9M
Q2 25
$916.0M
$811.0M
Q1 25
$919.6M
$803.6M
Q4 24
$915.1M
$840.1M
Q3 24
$913.8M
$846.6M
Q2 24
$910.4M
$787.8M
Q1 24
$896.9M
$771.5M
Total Assets
AMWD
AMWD
HNI
HNI
Q4 25
$1.6B
Q3 25
$1.6B
$1.8B
Q2 25
$1.6B
$1.9B
Q1 25
$1.6B
$1.9B
Q4 24
$1.6B
$1.9B
Q3 24
$1.6B
$1.9B
Q2 24
$1.6B
$1.9B
Q1 24
$1.6B
$1.9B
Debt / Equity
AMWD
AMWD
HNI
HNI
Q4 25
0.39×
Q3 25
0.40×
0.39×
Q2 25
0.40×
0.55×
Q1 25
0.40×
0.50×
Q4 24
0.40×
0.41×
Q3 24
0.41×
0.41×
Q2 24
0.41×
0.59×
Q1 24
0.41×
0.61×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMWD
AMWD
HNI
HNI
Operating Cash FlowLast quarter
$11.2M
$155.2M
Free Cash FlowOCF − Capex
$638.0K
$135.6M
FCF MarginFCF / Revenue
0.2%
19.8%
Capex IntensityCapex / Revenue
2.7%
2.9%
Cash ConversionOCF / Net Profit
1.83×
3.77×
TTM Free Cash FlowTrailing 4 quarters
$64.0M
$189.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMWD
AMWD
HNI
HNI
Q4 25
$11.2M
Q3 25
$33.1M
$155.2M
Q2 25
$44.8M
$31.1M
Q1 25
$11.0M
$12.6M
Q4 24
$11.9M
$51.2M
Q3 24
$40.8M
$128.5M
Q2 24
$43.3M
$51.3M
Q1 24
$43.7M
$-4.3M
Free Cash Flow
AMWD
AMWD
HNI
HNI
Q4 25
$638.0K
Q3 25
$25.3M
$135.6M
Q2 25
$35.8M
$16.1M
Q1 25
$2.3M
$-3.7M
Q4 24
$1.1M
$41.5M
Q3 24
$29.5M
$114.0M
Q2 24
$7.2M
$33.8M
Q1 24
$22.1M
$-15.5M
FCF Margin
AMWD
AMWD
HNI
HNI
Q4 25
0.2%
Q3 25
6.3%
19.8%
Q2 25
8.9%
2.4%
Q1 25
0.6%
-0.6%
Q4 24
0.2%
6.5%
Q3 24
6.4%
17.0%
Q2 24
1.6%
5.4%
Q1 24
5.2%
-2.6%
Capex Intensity
AMWD
AMWD
HNI
HNI
Q4 25
2.7%
Q3 25
1.9%
2.9%
Q2 25
2.2%
2.2%
Q1 25
2.2%
2.7%
Q4 24
2.4%
1.5%
Q3 24
2.5%
2.2%
Q2 24
8.0%
2.8%
Q1 24
5.1%
1.9%
Cash Conversion
AMWD
AMWD
HNI
HNI
Q4 25
1.83×
Q3 25
2.27×
3.77×
Q2 25
1.75×
0.65×
Q1 25
0.66×
0.91×
Q4 24
0.43×
1.34×
Q3 24
1.38×
2.71×
Q2 24
1.62×
1.43×
Q1 24
2.06×
-0.24×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMWD
AMWD

Home Center Retailers$166.7M42%
Builders$164.7M42%
Independent Dealersand Distributors$63.2M16%

HNI
HNI

Systems Storage And Table$309.9M45%
Residential Building Products$166.9M24%
Seating Products$161.1M24%
Other Products$45.9M7%

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