Is HNI Corporation (HNI) overvalued or fairly valued?

MarketChacha shows HNI Corporation's valuation in context — a trailing P/E of about 22.4, a forward P/E of about 9.6, a price-to-book of about 1.8 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does HNI Corporation's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (3.17×) from reported figures — education, not a rating.

What is HNI Corporation's revenue?

HNI Corporation reported revenue of $2.8B for FY2026, with net profit of $54.2M, per official filings.

What is the share price of HNI Corporation (HNI)?

HNI Corporation last traded at $45.96 (-0.3% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

HNI Corporation

HNI · NYSE · Industrials · United States

Snapshot

TickerHNI

ExchangeNYSE

SectorIndustrials

IndustryFurnishings, Fixtures & Appliances

CountryUnited States

Employees18,500

HeadquartersMuscatine, United States

Websitewww.hnicorp.com

Filings tracked25

About HNI Corporation

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates in two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers panel-based and freestanding furniture systems, seating, benching, tables, architectural products, storage, ancillary products, hospitality products, and social collaborative items through a system of independent dealers, company-owned dealers, and office product distributors, as well as directly to end-user customers and governments. The Residential Building Products segment provides various gas, wood, electric, and pellet-fueled fireplaces; and inserts, stoves, facings, outdoor fire pits and fire tables, and accessories through independent dealers and distributors, as well as corporation-owned installing distribution and retail outlets. It sells its products under the Allsteel, AMQ, Beyond, Coalesse, D'style, David Edward, Designtex, Gunlocke, HALCON, HBF, HBF Textiles, HON, Interwoven, Kimball, Kimball Hospitality, National, Orangebox, Smith System, Steelcase, and Viccarbe brand names. The company was incorporated in 1944 and is headquartered in Muscatine, Iowa.

Who owns it

Insiders2.1%
Institutions89.8%
Public & other8.1%

389 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.14.80%
FMR, LLC14.73%
Vanguard Portfolio Management LLC6.62%
Vanguard Capital Management LLC4.46%
State Farm Mutual Automobile Insurance Co4.05%
State Street Corporation3.87%
Dimensional Fund Advisors LP3.53%
Northern Trust Corporation3.25%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Latest ROE of 3.0% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion3.17×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend2.0% → 1.9%

Margin has held broadly steady over the period — stable profitability.

Return on equity3.0%

Latest ROE of 3.0% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev 8% · PAT 5%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $1.6B · EPS 1.22

Est. earnings growth +47.3%

Next fiscal year

Rev $6.2B · EPS 4.78

Est. earnings growth +12.6%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2026)

$2.8B

Net margin

1.9%

ROE

3.0%

Revenue CAGR (2y)

+8.0%

Profit CAGR (2y)

+5.0%

EPS (FY2026)

1.11

Net profit (FY2026)

$54.2M

Ask MarketChacha about HNI

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2026	$2.8B	$54.2M	1.11	1.9%	3.0%
FY2024	$2.5B	$139.5M	2.88	5.5%	16.6%
FY2023	$2.4B	$49.2M	1.09	2.0%	6.5%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q3	$1.5B	$51.1M	0.70	3.5%
2026Q2	$1.3B	$-38.8M	-0.55	-2.9%
2025Q3	$683.8M	$41.2M	0.88	6.0%
2025Q2	$667.1M	$48.2M	1.02	7.2%
2025Q1	$599.8M	$13.9M	0.29	2.3%
2024Q3	$672.2M	$47.5M	0.98	7.1%
2024Q2	$623.7M	$36.0M	0.75	5.8%
2024Q1	$588.0M	$17.7M	0.37	3.0%
2023Q3	$711.6M	$37.8M	0.80	5.3%
2023Q2	$479.1M	$1.6M	0.04	0.3%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events
SEC8/20/2026material
10-Q filing
SEC8/4/2026
8-K — Results of operations, Exhibits
SEC7/30/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC6/10/2026material
8-K — Executive/director change, Shareholder vote results
SEC5/21/2026material
8-K — Results of operations, Exhibits
SEC5/6/2026material
10-Q filing
SEC5/6/2026
10-K filing
SEC3/3/2026
8-K — Results of operations, Exhibits
SEC2/25/2026material
8-K/A — Exhibits
SEC2/25/2026
8-K — Costs from exit/disposal, Material impairment, Exhibits
SEC1/8/2026material

2025

8-K — Material agreement, Completion of acquisition/disposition, Material financial obligation, Executive/director change, Other events, Exhibits
SEC12/10/2025material
8-K — Reg FD disclosure, Exhibits
SEC12/8/2025material
8-K — Shareholder vote results, Reg FD disclosure, Exhibits
SEC12/5/2025material
8-K — Other events, Exhibits
SEC11/25/2025material
10-Q filing
SEC11/5/2025
8-K — Material agreement, Material financial obligation, Exhibits
SEC11/5/2025material
8-K — Reg FD disclosure
SEC11/3/2025material
8-K — Reg FD disclosure, Exhibits
SEC10/28/2025material
8-K — Results of operations, Exhibits
SEC10/28/2025material
8-K — Other events, Exhibits
SEC10/10/2025material
8-K — Other events, Exhibits
SEC9/26/2025material
8-K — Material agreement, Material financial obligation, Exhibits
SEC9/5/2025material
8-K — Material agreement, Reg FD disclosure, Other events, Exhibits
SEC8/4/2025material
10-Q filing
SEC7/29/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.