HNI Corporation
Income Statement
| Line Item | FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.84B | $2.53B | $2.43B | $2.36B | $1.96B | $2.25B | $2.26B | $2.18B |
| Cost of Revenue | $1.66B | $1.49B | $1.49B | $1.53B | $1.23B | $1.41B | $1.42B | $1.39B |
| Gross Profit | $1.18B | $1.03B | $948.3M | $834.9M | $721.1M | $833.8M | $835.0M | $784.0M |
| Gross Margin | 41.4% | 40.9% | 39.0% | 35.4% | 36.9% | 37.1% | 37.0% | 36.0% |
| Operating Expenses | ||||||||
| Research & Development | $56.6M | $53.6M | $47.2M | $47.8M | $35.3M | $34.7M | $33.4M | $31.8M |
| SG&A Expense | $937.0M | $820.7M | $772.0M | $723.4M | $620.9M | $680.0M | $691.1M | $671.8M |
| Operating Income | $126.0M | $206.5M | $90.3M | $155.2M | $61.4M | $151.3M | $128.2M | $76.7M |
| Operating Margin | 4.4% | 8.2% | 3.7% | 6.6% | 3.1% | 6.7% | 5.7% | 3.5% |
| Interest Expense | — | — | — | $7.2M | $7.0M | $8.6M | $9.4M | $6.1M |
| Pretax Income | $90.8M | $179.3M | $64.8M | $146.4M | $54.4M | $142.7M | $118.7M | $70.6M |
| Income Tax Expense | $36.5M | $39.8M | $15.6M | $22.5M | $12.5M | $32.2M | $25.4M | $-19.3M |
| Net Income | $54.2M | $139.5M | $49.2M | $123.9M | $41.9M | $110.5M | $93.4M | $89.8M |
| Net Margin | 1.9% | 5.5% | 2.0% | 5.2% | 2.1% | 4.9% | 4.1% | 4.1% |
| EPS (Basic) | $1.13 | $2.95 | $1.11 | $2.97 | $0.98 | $2.56 | $2.14 | $2.05 |
| EPS (Diluted) | $1.11 | $2.88 | $1.09 | $2.94 | $0.98 | $2.54 | $2.11 | $2.00 |
| Shares Outstanding (Basic) | 47.9M | 47.4M | 44.5M | 41.7M | 42.7M | 43.1M | 43.6M | 43.8M |
| Shares Outstanding (Diluted) | 48.9M | 48.5M | 45.4M | 42.2M | 43.0M | 43.5M | 44.3M | 44.8M |
| Dividends Per Share | $1.35 | $1.31 | $1.28 | $1.27 | $1.22 | $1.21 | $1.17 | $1.13 |