HNI Corporation Income Statement
HNI / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
HNI Corporation reported $2.8B in revenue and $54M in net income for FY2025. Revenue has grown at a 3.2% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 1.06 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8B | $2.5B | $2.2B | $2.0B | $2.2B | $2.0B | $2.2B | $2.2B | $2.2B | $2.2B | $2.3B | $452.2M | $2.1B | $2.0B | $1.8B |
| Cost of Revenue | $1.7B | $1.5B | $1.4B | $1.2B | $1.4B | $1.2B | $1.4B | $1.4B | $1.4B | $1.4B | $1.5B | $297.0M | $1.3B | $1.3B | $1.2B |
| Gross Profit | $1.2B | $1.0B | $757.4M | $721.1M | $757.4M | $721.1M | $784.0M | $835.0M | $784.0M | $835.0M | $847.4M | $155.2M | $715.3M | $689.2M | $639.1M |
| SG&A Expense | $937.0M | $820.7M | $665.6M | $620.9M | $665.6M | $620.9M | $671.8M | $667.7M | $671.8M | $667.7M | $672.1M | $145.2M | $606.5M | $599.7M | $554.3M |
| R&D Expense | $56.6M | $53.6M | $39.4M | $35.3M | $39.4M | $35.3M | $31.8M | $28.1M | $31.8M | $28.1M | $31.1M | - | $27.3M | $26.9M | $23.1M |
| Operating Income | $126.0M | $206.5M | $85.4M | $61.4M | $85.4M | $61.4M | $76.7M | $133.7M | $76.7M | $133.7M | $163.7M | $18.4M | $106.0M | $87.6M | $81.5M |
| Interest Expense | - | - | - | - | $7.2M | $7.0M | $6.1M | $5.1M | $6.1M | $5.1M | $6.9M | - | $9.9M | $10.9M | $12.0M |
| Income Tax | $36.5M | $39.8M | $18.5M | $12.5M | $18.5M | $12.5M | -$19.3M | $43.3M | -$19.3M | $43.3M | $51.8M | $5.2M | $33.3M | $29.3M | $24.4M |
| Net Income | $54.2M | $139.5M | $59.8M | $41.9M | $59.8M | $41.9M | $89.8M | $85.6M | $89.8M | $85.6M | $105.4M | $11.1M | $63.7M | $49.0M | $46.0M |
| EPS (Basic) | $1.11 | $2.97 | $1.38 | $0.98 | $2.56 | $2.14 | $2.05 | $1.93 | $2.38 | $1.37 | $1.41 | $1.08 | $1.03 | $0.60 | -$0.14 |
| EPS (Diluted) | $1.09 | $2.94 | $1.36 | $0.98 | $2.54 | $2.11 | $2.00 | $1.88 | $2.32 | $1.35 | $1.01 | $0.59 | -$0.14 | $1.02 | $2.57 |
| Shares Outstanding | 47.2M | 46.9M | 41.4M | 42.6M | 42.9M | 42.6M | 43.6M | 43.4M | 44.1M | 44.2M | 44.2M | 45.0M | 44.9M | 44.8M | 45.1M |
| Gross Margin | 41.4% | 40.9% | 34.7% | 36.9% | 34.7% | 36.9% | 36.0% | 37.9% | 36.0% | 37.9% | 36.8% | 34.3% | 34.7% | 34.4% | 34.9% |
| Operating Margin | 4.4% | 8.2% | 3.9% | 3.1% | 3.9% | 3.1% | 3.5% | 6.1% | 3.5% | 6.1% | 7.1% | 4.1% | 5.1% | 4.4% | 4.4% |
| Profit Margin | 1.9% | 5.5% | 2.7% | 2.1% | 2.7% | 2.1% | 4.1% | 3.9% | 4.1% | 3.9% | 4.6% | 2.5% | 3.1% | 2.4% | 2.5% |