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Side-by-side financial comparison of HNI CORP (HNI) and Royalty Pharma plc (RPRX). Click either name above to swap in a different company.

HNI CORP is the larger business by last-quarter revenue ($683.8M vs $622.0M, roughly 1.1× Royalty Pharma plc). Royalty Pharma plc runs the higher net margin — 34.4% vs 6.0%, a 28.4% gap on every dollar of revenue. On growth, Royalty Pharma plc posted the faster year-over-year revenue change (4.8% vs 1.7%). Over the past eight quarters, Royalty Pharma plc's revenue compounded faster (4.6% CAGR vs 0.3%).

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...

Acceleron Pharma, Inc. is an American clinical stage biopharmaceutical company based in Cambridge, Massachusetts with a broad focus on developing medicines that regulate the transforming growth factor beta (TGF-β) superfamily of proteins, which play fundamental roles in the growth and repair of cells and tissues such as red blood cells, muscle, bone, and blood vessels.

HNI vs RPRX — Head-to-Head

Bigger by revenue
HNI
HNI
1.1× larger
HNI
$683.8M
$622.0M
RPRX
Growing faster (revenue YoY)
RPRX
RPRX
+3.0% gap
RPRX
4.8%
1.7%
HNI
Higher net margin
RPRX
RPRX
28.4% more per $
RPRX
34.4%
6.0%
HNI
Faster 2-yr revenue CAGR
RPRX
RPRX
Annualised
RPRX
4.6%
0.3%
HNI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
HNI
HNI
RPRX
RPRX
Revenue
$683.8M
$622.0M
Net Profit
$41.2M
$214.2M
Gross Margin
42.1%
Operating Margin
9.4%
62.4%
Net Margin
6.0%
34.4%
Revenue YoY
1.7%
4.8%
Net Profit YoY
-13.3%
2.9%
EPS (diluted)
$0.88
$0.49

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
HNI
HNI
RPRX
RPRX
Q4 25
$622.0M
Q3 25
$683.8M
$609.3M
Q2 25
$667.1M
$578.7M
Q1 25
$599.8M
$568.2M
Q4 24
$642.5M
$593.6M
Q3 24
$672.2M
$564.7M
Q2 24
$623.7M
$537.3M
Q1 24
$588.0M
$568.0M
Net Profit
HNI
HNI
RPRX
RPRX
Q4 25
$214.2M
Q3 25
$41.2M
$288.2M
Q2 25
$48.2M
$30.2M
Q1 25
$13.9M
$238.3M
Q4 24
$38.3M
$208.2M
Q3 24
$47.5M
$544.0M
Q2 24
$36.0M
$102.0M
Q1 24
$17.7M
$4.8M
Gross Margin
HNI
HNI
RPRX
RPRX
Q4 25
Q3 25
42.1%
Q2 25
42.9%
Q1 25
39.7%
Q4 24
40.5%
Q3 24
41.5%
Q2 24
41.9%
Q1 24
39.6%
Operating Margin
HNI
HNI
RPRX
RPRX
Q4 25
62.4%
Q3 25
9.4%
70.1%
Q2 25
10.2%
36.3%
Q1 25
4.1%
94.0%
Q4 24
8.5%
60.9%
Q3 24
10.2%
Q2 24
8.6%
50.2%
Q1 24
5.1%
-13.0%
Net Margin
HNI
HNI
RPRX
RPRX
Q4 25
34.4%
Q3 25
6.0%
47.3%
Q2 25
7.2%
5.2%
Q1 25
2.3%
41.9%
Q4 24
6.0%
35.1%
Q3 24
7.1%
96.3%
Q2 24
5.8%
19.0%
Q1 24
3.0%
0.8%
EPS (diluted)
HNI
HNI
RPRX
RPRX
Q4 25
$0.49
Q3 25
$0.88
$0.67
Q2 25
$1.02
$0.07
Q1 25
$0.29
$0.55
Q4 24
$0.78
$0.46
Q3 24
$0.98
$1.21
Q2 24
$0.75
$0.23
Q1 24
$0.37
$0.01

Balance Sheet & Financial Strength

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

Metric
HNI
HNI
RPRX
RPRX
Cash + ST InvestmentsLiquidity on hand
$28.1M
$618.7M
Total DebtLower is stronger
$324.2M
$9.0B
Stockholders' EquityBook value
$835.9M
$9.7B
Total Assets
$1.8B
$19.6B
Debt / EquityLower = less leverage
0.39×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNI
HNI
RPRX
RPRX
Q4 25
$618.7M
Q3 25
$28.1M
$938.9M
Q2 25
$38.2M
$631.9M
Q1 25
$27.5M
$1.1B
Q4 24
$28.9M
$929.0M
Q3 24
$40.2M
$950.1M
Q2 24
$33.5M
$1.8B
Q1 24
$32.5M
$843.0M
Total Debt
HNI
HNI
RPRX
RPRX
Q4 25
$9.0B
Q3 25
$324.2M
$8.9B
Q2 25
$444.4M
$8.0B
Q1 25
$404.7M
$7.6B
Q4 24
$344.6M
$7.6B
Q3 24
$345.4M
$7.6B
Q2 24
$462.3M
$7.6B
Q1 24
$473.0M
$6.1B
Stockholders' Equity
HNI
HNI
RPRX
RPRX
Q4 25
$9.7B
Q3 25
$835.9M
$9.6B
Q2 25
$811.0M
$9.5B
Q1 25
$803.6M
$9.8B
Q4 24
$840.1M
$10.3B
Q3 24
$846.6M
$10.3B
Q2 24
$787.8M
$9.8B
Q1 24
$771.5M
$9.9B
Total Assets
HNI
HNI
RPRX
RPRX
Q4 25
$19.6B
Q3 25
$1.8B
$19.3B
Q2 25
$1.9B
$18.3B
Q1 25
$1.9B
$17.6B
Q4 24
$1.9B
$18.2B
Q3 24
$1.9B
$18.0B
Q2 24
$1.9B
$17.7B
Q1 24
$1.9B
$16.1B
Debt / Equity
HNI
HNI
RPRX
RPRX
Q4 25
0.92×
Q3 25
0.39×
0.93×
Q2 25
0.55×
0.84×
Q1 25
0.50×
0.78×
Q4 24
0.41×
0.74×
Q3 24
0.41×
0.74×
Q2 24
0.59×
0.78×
Q1 24
0.61×
0.62×

Cash Flow & Capital Efficiency

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

Metric
HNI
HNI
RPRX
RPRX
Operating Cash FlowLast quarter
$155.2M
$827.1M
Free Cash FlowOCF − Capex
$135.6M
FCF MarginFCF / Revenue
19.8%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
3.77×
3.86×
TTM Free Cash FlowTrailing 4 quarters
$189.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNI
HNI
RPRX
RPRX
Q4 25
$827.1M
Q3 25
$155.2M
$702.6M
Q2 25
$31.1M
$364.0M
Q1 25
$12.6M
$596.1M
Q4 24
$51.2M
$742.5M
Q3 24
$128.5M
$703.6M
Q2 24
$51.3M
$658.2M
Q1 24
$-4.3M
$664.6M
Free Cash Flow
HNI
HNI
RPRX
RPRX
Q4 25
Q3 25
$135.6M
Q2 25
$16.1M
Q1 25
$-3.7M
Q4 24
$41.5M
Q3 24
$114.0M
Q2 24
$33.8M
Q1 24
$-15.5M
FCF Margin
HNI
HNI
RPRX
RPRX
Q4 25
Q3 25
19.8%
Q2 25
2.4%
Q1 25
-0.6%
Q4 24
6.5%
Q3 24
17.0%
Q2 24
5.4%
Q1 24
-2.6%
Capex Intensity
HNI
HNI
RPRX
RPRX
Q4 25
Q3 25
2.9%
Q2 25
2.2%
Q1 25
2.7%
Q4 24
1.5%
Q3 24
2.2%
Q2 24
2.8%
Q1 24
1.9%
Cash Conversion
HNI
HNI
RPRX
RPRX
Q4 25
3.86×
Q3 25
3.77×
2.44×
Q2 25
0.65×
12.06×
Q1 25
0.91×
2.50×
Q4 24
1.34×
3.57×
Q3 24
2.71×
1.29×
Q2 24
1.43×
6.45×
Q1 24
-0.24×
139.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HNI
HNI

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

RPRX
RPRX

Financial Royalty Assets$592.4M95%
Royalty Income Other$29.6M5%

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