HNI Corporation (HNI) AI Stock Analysis

Headquartered in Muscatine, Iowa, HNI Corporation manufactures and distributes workplace furnishings and residential building products across the United States and Canada. The Workplace Furnishings segment provides commercial and home office furniture solutions, including panel-based and freestanding systems, seating, storage, tables, and architectural products under brands like HON, Allsteel, Gunlocke, and HBF. Products are sold through dealers, wholesalers, distributors, e-commerce resellers, and direct sales. The Residential Building Products segment offers gas, wood, electric, and pellet-fueled fireplaces, stoves, inserts, and accessories under brands including Heatilator, Heat & Glo, and Majestic, distributed through independent dealers, distributors, and company-owned retail outlets.

From FY2021 to FY2025, HNI's revenue expanded from $2.18B to $2.84B, reflecting a 5-year revenue CAGR of 7.7% from FY2020 to FY2025. Annual revenue growth was 12.4% in FY2025, while gross margin reached 40.4%, up from 33.3% in FY2021. Operating margin increased from 4.2% in FY2021 to 8.5% in FY2025. Net income was $54.2M in FY2025, down from $139.5M in FY2024, with an EPS of $3.48. In the trailing twelve months ended June 30, 2026, revenue totaled $4.39B. For the latest quarter ended June 30, 2026, quarterly revenue increased 120.7% year-over-year, while quarterly earnings declined 31.5%.

As of June 30, 2026, HNI held $108.2M in cash and short-term investments against total debt of $1.68B, resulting in net debt of $1.57B. Total assets stood at $4.82B, shareholders' equity was $1.81B, and the current ratio was 1.36, alongside a debt-to-equity ratio of 0.93. In FY2025, the company generated $276.2M in operating cash flow and $210.4M in free cash flow. Capital allocation in FY2025 included $65.8M in capital expenditures, $83.6M in share buybacks, and $63.1M in dividends paid.

At a last close of $46.86 on October 16, 2026, HNI has a market capitalization of $3.38B and an enterprise value of $4.94B. The stock trades at a forward P/E of 10.0x, below the median of 14.1x for its US-listed Consumer Cyclical peers. Its EV to EBITDA ratio is 16.9x compared to the peer median of 11.1x, and its price-to-sales ratio is 0.8x versus the peer median of 0.7x. Over the past year, HNI returned 10.0%, trailing the S&P 500 return of 16.8%. Over five years, HNI gained 44.1% compared to 83.0% for the S&P 500.

HNI pays a quarterly dividend with an annual forward rate of $1.40, equating to a dividend yield of 2.99% and a payout ratio of 39.0%. The company has paid dividends for 42 consecutive years, with a 5-year annualized dividend growth rate of 2.0%. Its last ex-dividend date was August 28, 2026.

Wall Street analysts hold 2 Strong Buy ratings and zero Buy, Hold, Sell, or Strong Sell ratings on HNI. The mean price target is $71.00, which is 51.5% above the last close of $46.86. For the fiscal year ending December 31, 2026, analysts estimate revenue of $5.98B and an EPS of $4.24, representing 22.6% EPS growth. Over the last four quarters, HNI beat EPS estimates 3 times. The next earnings date is November 3, 2026.

This page is an AI-written research summary of HNI Corporation (HNI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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