HNI CORP (HNI) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:HNI • US4042511000

48.7 USD
+0.91 (+1.9%)
At close: Feb 2, 2026
48.7 USD
0 (0%)
After Hours: 2/2/2026, 8:12:22 PM
Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to HNI. HNI was compared to 80 industry peers in the Commercial Services & Supplies industry. HNI scores excellent points on both the profitability and health parts. This is a solid base for a good stock. HNI scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally HNI also has an excellent dividend rating. This makes HNI very considerable for value and dividend and quality investing!


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • HNI had positive earnings in the past year.
  • HNI had a positive operating cash flow in the past year.
  • Each year in the past 5 years HNI has been profitable.
  • HNI had a positive operating cash flow in each of the past 5 years.
HNI Yearly Net Income VS EBIT VS OCF VS FCFHNI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

1.2 Ratios

  • HNI has a Return On Assets of 7.68%. This is amongst the best in the industry. HNI outperforms 81.25% of its industry peers.
  • HNI's Return On Equity of 16.94% is fine compared to the rest of the industry. HNI outperforms 80.00% of its industry peers.
  • The Return On Invested Capital of HNI (12.16%) is better than 81.25% of its industry peers.
  • HNI had an Average Return On Invested Capital over the past 3 years of 10.10%. This is in line with the industry average of 10.57%.
  • The 3 year average ROIC (10.10%) for HNI is below the current ROIC(12.16%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 7.68%
ROE 16.94%
ROIC 12.16%
ROA(3y)6.25%
ROA(5y)5.14%
ROE(3y)14.39%
ROE(5y)12.08%
ROIC(3y)10.1%
ROIC(5y)9.3%
HNI Yearly ROA, ROE, ROICHNI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • HNI has a Profit Margin of 5.46%. This is in the better half of the industry: HNI outperforms 67.50% of its industry peers.
  • HNI's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 8.75%, HNI is in the better half of the industry, outperforming 63.75% of the companies in the same industry.
  • In the last couple of years the Operating Margin of HNI has grown nicely.
  • HNI's Gross Margin of 41.49% is fine compared to the rest of the industry. HNI outperforms 72.50% of its industry peers.
  • In the last couple of years the Gross Margin of HNI has grown nicely.
Industry RankSector Rank
OM 8.75%
PM (TTM) 5.46%
GM 41.49%
OM growth 3Y23.18%
OM growth 5Y4.73%
PM growth 3Y26.35%
PM growth 5Y2.34%
GM growth 3Y5.48%
GM growth 5Y2.07%
HNI Yearly Profit, Operating, Gross MarginsHNI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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7

2. Health

2.1 Basic Checks

  • HNI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • HNI has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for HNI has been increased compared to 5 years ago.
  • The debt/assets ratio for HNI has been reduced compared to a year ago.
HNI Yearly Shares OutstandingHNI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
HNI Yearly Total Debt VS Total AssetsHNI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • An Altman-Z score of 3.73 indicates that HNI is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.73, HNI is in the better half of the industry, outperforming 73.75% of the companies in the same industry.
  • The Debt to FCF ratio of HNI is 1.80, which is an excellent value as it means it would take HNI, only 1.80 years of fcf income to pay off all of its debts.
  • HNI's Debt to FCF ratio of 1.80 is amongst the best of the industry. HNI outperforms 82.50% of its industry peers.
  • A Debt/Equity ratio of 0.40 indicates that HNI is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.40, HNI is in line with its industry, outperforming 57.50% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 1.8
Altman-Z 3.73
ROIC/WACC1.45
WACC8.36%
HNI Yearly LT Debt VS Equity VS FCFHNI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 1.33 indicates that HNI should not have too much problems paying its short term obligations.
  • HNI has a Current ratio (1.33) which is in line with its industry peers.
  • HNI has a Quick Ratio of 1.33. This is a bad value and indicates that HNI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • HNI has a Quick ratio of 0.85. This is in the lower half of the industry: HNI underperforms 75.00% of its industry peers.
  • The current and quick ratio evaluation for HNI is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.33
Quick Ratio 0.85
HNI Yearly Current Assets VS Current LiabilitesHNI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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6

3. Growth

3.1 Past

  • HNI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.04%, which is quite good.
  • HNI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.47% yearly.
  • Looking at the last year, HNI shows a small growth in Revenue. The Revenue has grown by 1.15% in the last year.
  • The Revenue has been growing slightly by 2.37% on average over the past years.
EPS 1Y (TTM)11.04%
EPS 3Y23.61%
EPS 5Y3.47%
EPS Q2Q%6.8%
Revenue 1Y (TTM)1.15%
Revenue growth 3Y4.97%
Revenue growth 5Y2.37%
Sales Q2Q%1.73%

3.2 Future

  • The Earnings Per Share is expected to grow by 18.06% on average over the next years. This is quite good.
  • Based on estimates for the next years, HNI will show a very strong growth in Revenue. The Revenue will grow by 34.94% on average per year.
EPS Next Y17.17%
EPS Next 2Y15.76%
EPS Next 3Y18.06%
EPS Next 5YN/A
Revenue Next Year4.87%
Revenue Next 2Y54.45%
Revenue Next 3Y34.94%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
HNI Yearly Revenue VS EstimatesHNI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2B 4B 6B
HNI Yearly EPS VS EstimatesHNI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4 5

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8

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 13.84, which indicates a correct valuation of HNI.
  • 83.75% of the companies in the same industry are more expensive than HNI, based on the Price/Earnings ratio.
  • HNI's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.41.
  • The Price/Forward Earnings ratio is 11.88, which indicates a very decent valuation of HNI.
  • HNI's Price/Forward Earnings ratio is rather cheap when compared to the industry. HNI is cheaper than 86.25% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.64, HNI is valued rather cheaply.
Industry RankSector Rank
PE 13.84
Fwd PE 11.88
HNI Price Earnings VS Forward Price EarningsHNI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • HNI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HNI is cheaper than 78.75% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, HNI is valued cheaply inside the industry as 87.50% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.78
EV/EBITDA 7.69
HNI Per share dataHNI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • HNI has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as HNI's earnings are expected to grow with 18.06% in the coming years.
PEG (NY)0.81
PEG (5Y)3.99
EPS Next 2Y15.76%
EPS Next 3Y18.06%

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8

5. Dividend

5.1 Amount

  • HNI has a Yearly Dividend Yield of 2.87%.
  • HNI's Dividend Yield is rather good when compared to the industry average which is at 0.83. HNI pays more dividend than 88.75% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.83, HNI pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.87%

5.2 History

  • The dividend of HNI has a limited annual growth rate of 3.58%.
  • HNI has paid a dividend for at least 10 years, which is a reliable track record.
  • HNI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.58%
Div Incr Years14
Div Non Decr Years26
HNI Yearly Dividends per shareHNI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 44.63% of the earnings are spent on dividend by HNI. This is a bit on the high side, but may be sustainable.
  • HNI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP44.63%
EPS Next 2Y15.76%
EPS Next 3Y18.06%
HNI Yearly Income VS Free CF VS DividendHNI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
HNI Dividend Payout.HNI Dividend Payout, showing the Payout Ratio.HNI Dividend Payout.PayoutRetained Earnings

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HNI CORP

NYSE:HNI (2/2/2026, 8:12:22 PM)

After market: 48.7 0 (0%)

48.7

+0.91 (+1.9%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)10-28
Earnings (Next)02-25
Inst Owners94.88%
Inst Owner Change4.55%
Ins Owners1.61%
Ins Owner Change-12.57%
Market Cap2.23B
Revenue(TTM)2.59B
Net Income(TTM)141.60M
Analysts80
Price Target68.34 (40.33%)
Short Float %4.16%
Short Ratio2.32
Dividend
Industry RankSector Rank
Dividend Yield 2.87%
Yearly Dividend1.35
Dividend Growth(5Y)3.58%
DP44.63%
Div Incr Years14
Div Non Decr Years26
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15.18%
Min EPS beat(2)1.98%
Max EPS beat(2)28.39%
EPS beat(4)4
Avg EPS beat(4)18.82%
Min EPS beat(4)1.98%
Max EPS beat(4)28.39%
EPS beat(8)8
Avg EPS beat(8)28.21%
EPS beat(12)12
Avg EPS beat(12)82.31%
EPS beat(16)16
Avg EPS beat(16)68.46%
Revenue beat(2)1
Avg Revenue beat(2)0.2%
Min Revenue beat(2)-1.78%
Max Revenue beat(2)2.18%
Revenue beat(4)2
Avg Revenue beat(4)-0.12%
Min Revenue beat(4)-3.18%
Max Revenue beat(4)2.31%
Revenue beat(8)3
Avg Revenue beat(8)-1.33%
Revenue beat(12)5
Avg Revenue beat(12)-0.8%
Revenue beat(16)8
Avg Revenue beat(16)-0.9%
PT rev (1m)0%
PT rev (3m)0.37%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.7%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.34%
Revenue NQ rev (1m)2.94%
Revenue NQ rev (3m)3.3%
Revenue NY rev (1m)0.79%
Revenue NY rev (3m)0.67%
Valuation
Industry RankSector Rank
PE 13.84
Fwd PE 11.88
P/S 0.86
P/FCF 11.78
P/OCF 8.93
P/B 2.67
P/tB 9.62
EV/EBITDA 7.69
EPS(TTM)3.52
EY7.23%
EPS(NY)4.1
Fwd EY8.42%
FCF(TTM)4.13
FCFY8.49%
OCF(TTM)5.46
OCFY11.2%
SpS56.57
BVpS18.24
TBVpS5.06
PEG (NY)0.81
PEG (5Y)3.99
Graham Number38
Profitability
Industry RankSector Rank
ROA 7.68%
ROE 16.94%
ROCE 15.82%
ROIC 12.16%
ROICexc 12.4%
ROICexgc 21.74%
OM 8.75%
PM (TTM) 5.46%
GM 41.49%
FCFM 7.31%
ROA(3y)6.25%
ROA(5y)5.14%
ROE(3y)14.39%
ROE(5y)12.08%
ROIC(3y)10.1%
ROIC(5y)9.3%
ROICexc(3y)10.32%
ROICexc(5y)9.75%
ROICexgc(3y)18.8%
ROICexgc(5y)18.69%
ROCE(3y)13.14%
ROCE(5y)12.1%
ROICexgc growth 3Y10.64%
ROICexgc growth 5Y-2.01%
ROICexc growth 3Y13.99%
ROICexc growth 5Y-0.96%
OM growth 3Y23.18%
OM growth 5Y4.73%
PM growth 3Y26.35%
PM growth 5Y2.34%
GM growth 3Y5.48%
GM growth 5Y2.07%
F-Score8
Asset Turnover1.41
Health
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 1.8
Debt/EBITDA 1.01
Cap/Depr 58.78%
Cap/Sales 2.34%
Interest Coverage 250
Cash Conversion 75.81%
Profit Quality 133.83%
Current Ratio 1.33
Quick Ratio 0.85
Altman-Z 3.73
F-Score8
WACC8.36%
ROIC/WACC1.45
Cap/Depr(3y)71.22%
Cap/Depr(5y)69.5%
Cap/Sales(3y)2.75%
Cap/Sales(5y)2.68%
Profit Quality(3y)172.64%
Profit Quality(5y)207.79%
High Growth Momentum
Growth
EPS 1Y (TTM)11.04%
EPS 3Y23.61%
EPS 5Y3.47%
EPS Q2Q%6.8%
EPS Next Y17.17%
EPS Next 2Y15.76%
EPS Next 3Y18.06%
EPS Next 5YN/A
Revenue 1Y (TTM)1.15%
Revenue growth 3Y4.97%
Revenue growth 5Y2.37%
Sales Q2Q%1.73%
Revenue Next Year4.87%
Revenue Next 2Y54.45%
Revenue Next 3Y34.94%
Revenue Next 5YN/A
EBIT growth 1Y1.25%
EBIT growth 3Y29.3%
EBIT growth 5Y7.21%
EBIT Next Year66.39%
EBIT Next 3Y53.55%
EBIT Next 5YN/A
FCF growth 1Y48.86%
FCF growth 3Y38.73%
FCF growth 5Y2.65%
OCF growth 1Y19.21%
OCF growth 3Y19.88%
OCF growth 5Y0.66%

HNI CORP / HNI FAQ

What is the fundamental rating for HNI stock?

ChartMill assigns a fundamental rating of 7 / 10 to HNI.


Can you provide the valuation status for HNI CORP?

ChartMill assigns a valuation rating of 8 / 10 to HNI CORP (HNI). This can be considered as Undervalued.


What is the profitability of HNI stock?

HNI CORP (HNI) has a profitability rating of 8 / 10.


What is the valuation of HNI CORP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for HNI CORP (HNI) is 13.84 and the Price/Book (PB) ratio is 2.67.


How financially healthy is HNI CORP?

The financial health rating of HNI CORP (HNI) is 7 / 10.