HNI Corporation (HNI)

NYSE: HNI · Office Furniture (No Wood) · Muscatine, IA · filing with the SEC since 1994

Grade5.6

◀ Past 6.8● Present 4.3▶ Future 6.1

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in January.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Jan 3, 2026	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021	Dec 28, 2019	Dec 29, 2018	Dec 30, 2017	Dec 31, 2016
Report filed	Mar 3, 2026	Feb 25, 2025	Feb 27, 2024	Feb 28, 2023	Mar 1, 2022	Mar 2, 2021	Feb 25, 2020	Feb 26, 2019	Feb 23, 2018	Feb 24, 2017
Revenue	2,839,000	2,526,400	2,434,000	2,361,800	2,184,400^r	1,955,400^r	2,246,947	2,257,895	2,175,882	2,203,489
Cost of revenue	1,662,900	1,493,000	1,485,700	1,526,900	1,427,000^r	1,234,200^r	1,413,185	1,422,857	1,391,894	1,368,476
Gross profit	1,176,100	1,033,400	948,300	834,900	757,400^r	721,100^r	833,762	835,038	783,988	835,013
Research and development	56,600	53,600	47,200	47,800	39,400^r	35,300^r	34,699	33,420	31,846	28,089^r
Selling, general and administrative	937,000	820,700	772,000^r	723,400	665,600^r	620,900^r	680,049	691,140	671,831	667,744
Operating income	126,000	206,500	90,300	155,200	85,400^r	61,400^r	151,342	128,173	76,690	133,692
Interest expense	·	·	·	·	7,153	6,990	8,628	9,448^r	6,078^r	5,086
Interest and investment income	·	·	·	·	·	·	·	579	297	305
Interest income (expense), net	-35,600	-27,200	-25,500	-8,800	-7,200	-7,000	·	·	·	·
Share of profit of equity-method investments	600	·	·	·	·	·	·	·	·	·
Other income (expense), net	400	0	0	·	·	·	·	·	·	·
Income before income taxes	90,800	179,300	64,800	146,400	78,300^r	54,400^r	142,714	118,725	70,612	128,911
Income tax expense	36,500	39,800	15,600	22,500	18,500^r	12,500^r	32,211	25,399	-19,286	43,273
Net income including non-controlling interests	54,200	139,500	49,200	123,900	59,800^r	41,900^r	110,503	93,326	89,898	85,638
Net income to non-controlling interests	0	0	0	0	0^r	0^r	-2	-51	103	61
Net income	54,200	139,500	49,200	123,900	59,800^r	41,900^r	110,505	93,377	89,795	85,577
Earnings per share, basic	1.13	2.95	1.11	2.97	1.38	0.98	2.56	2.14	2.05	1.93
Earnings per share, diluted	1.11	2.88	1.09	2.94	1.36	0.98	2.54	2.11	2.00	1.88
Weighted average shares, basic	47,900,000	47,400,000	44,500,000	41,700,000	43,400,000^r	42,700,000^r	43,101,000	43,639,000^r	43,839,000^r	44,413,941
Weighted average shares, diluted	48,900,000	48,500,000	45,400,000	42,200,000	44,000,000^r	43,000,000^r	43,495,000	44,328,000^r	44,840,000^r	45,502,219

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:SalesRevenueNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Interest income (expense), net interest earned less interest paid, outside the businessus-gaap:InterestIncomeExpenseNonoperatingNet

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton HNI · research, not advice