HNI Corporation (HNI) is a Materials stock trading at $49.27 (as of 2026-08-21), with a market capitalization of $3.56B and a trailing P/E of 808.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
HNI Corporation, together with its subsidiaries, manufactures and sells workplace furnishings and residential building products primarily in the United States. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, tables, and architectural products under the HON, Allsteel, Beyond, Gunlocke, Maxon, HBF, OFM, Respawn, Lamex, and HNI India brands. This segment sells its products through independent dealers, wholesalers, office product distributors, e-commerce retailers, and wholesalers, as well as directly to end-user customers; and federal, state, and local governments. The Residential Building Products segment provides various gas, wood, electric, and pellet-fueled fireplaces; inserts; stoves; facings; and accessories primarily for home use under the Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman, Vermont Castings, PelPro, SimpliFire, The Outdoor GreatRoom Company, and Stellar brand names. This segment markets its products through independent dealers and distributors, and corporation-owned distribution and retail outlets. The company was incorporated in 1944 and is headquartered in Muscatine, Iowa.
HNI Corporation manufactures and sells workplace furnishings for commercial and home offices, and residential building products, primarily in the United States. It makes money by selling these products through its Workplace Furnishings and Residential Building Products segments.
Profitability is most directly linked to how fast demand is moving for its two product lines, as shown by organic sales decline and building product order decline, because that demand then interacts with production constraints and efficiency efforts (staffing shortages and lean output improvement).
| Workplace Furnishings | $1.2B |
| Residential Building Products | $0.2B |
Business quality (Mixed): The company’s gross margin is 37.1%, but its operating margin is negative at -2.7% in the latest reported period, suggesting near term operating pressure.
Valuation: At 129× earnings, HNI trades 620% above the Business Supplies average (18×). Note: one-time items can distort reported P/E.
| Price | $49.27 |
| Market Cap | $3.56B |
| P/E Ratio | 808.3 |
| EV / EBITDA | 16.8 |
| Price / Book | 1.97 |
| Price / Sales | 0.81 |
| FCF Yield | 0.9% |
| DCF Value (model) | $61.35 |
| DCF Upside vs Price | 24.5% |
| Revenue (TTM) | $2.84B |
| Net Margin | 1.9% |
| Revenue Growth (YoY) | 120.7% |
| EPS Growth (YoY) | -32.7% |
| Altman Z-Score | 1.59 (distress) |
| Piotroski F-Score | 5/9 (moderate) |
| Stock P/E | 808.3 |
| Sector P/E (Materials) | 25.9 |
| Industry P/E (Business Supplies) | 26.0 |
| vs Sector | 3019.5% |
| vs Industry | 3013.8% |
| Top Institutional Holder | BlackRock, Inc. ($345.42M) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 2 |
| Sector | Materials |
| Industry | Business Supplies |
| CEO | Jeffrey D. Lorenger |
| Employees | 7,600 |
| Country | US |
| IPO Date | 1980-03-17 |
Data as of 2026-08-21.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.