HNI HNI margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 33

Gross margin

41%

Operating margin

EBITDA margin

6.6%

Net margin

0.1%

Based on the latest figures, HNI reports a gross margin of 41%, an operating margin of 2%, an EBITDA margin of 6.6%, and a net margin of 0.1%. Operating margin had the largest decline, contracting by 6.4 percentage points, while the other available margins also decreased.

HNI margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, HNI recorded average margins of 40.61% gross, 5.7% operating, 9.82% EBITDA, and 3.44% net. HNI's current performance shows that gross margin is above its three-year average and operating, EBITDA, and net margins are below their three-year averages.

HNI margin expansion

Year-over-year margin changes in percentage points

All available margins decreased year over year, led by operating margin with a decline of 6.4 percentage points.

Gross margin expansion

-0.2pp

Operating margin expansion

-6.4pp

EBITDA margin expansion

-5.9pp

Net margin expansion

-5.6pp

HNI Gross margin

Over the last 3 years, HNI's gross margin averaged 40.61%. The current gross margin of 41% is 0.4 percentage points above its three-year average. During this period, gross margin reached a high of 41.4% in Jan 2026 and a low of 39% in Dec 2023.

HNI Operating margin

In the last 3 years, HNI had an average operating margin of 5.7%. Against its three-year average, HNI's operating margin is currently 2%, 3.7 percentage points below its three-year average. Looking back over the last 3 years, HNI's operating margin reached 8.4% at its highest point in Jun 2025 and 1.8% at its lowest in Apr 2026.

HNI EBITDA margin

HNI recorded an average EBITDA margin of 9.82% across the last 3 years. HNI currently reports an EBITDA margin of 6.6%, 3.2 percentage points below its three-year average. Looking back over the last 3 years, HNI's EBITDA margin reached 12.5% at its highest point in Jun 2025 and 6.2% at its lowest in Apr 2026.

HNI Net margin

The average net margin for HNI was 3.44% during the last 3 years. At present, the current net margin for HNI is 0.1%, 3.3 percentage points below its three-year average. The net margin for HNI moved between 0% in Apr 2026 and 5.7% in Jun 2025.

HNI margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 41%, HNI stands above the Industrials sector and the industry average. In comparison with its Industrials sector average of 32.7%, HNI's gross margin is 25% higher.

HNI margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is HNI's gross margin?

For the period ending Jul 4, 2026, HNI recorded a gross margin of 41%.

What is HNI's operating margin?

For the period ending Jul 4, 2026, HNI recorded an operating margin of 2%.

What is HNI's EBITDA margin?

The current EBITDA margin for HNI is 6.6% as of Jul 4, 2026.

What is HNI's net margin?

For the period ending Jul 4, 2026, HNI recorded a net margin of 0.1%.

What are the average margins of HNI?

Looking back over 3 years, HNI recorded average margins of 40.6% gross, 5.7% operating, 9.8% EBITDA, and 3.4% net.

What are the highest historical margins of HNI?

In the last 5 years, the highest margins reported by HNI were 41.4% gross in Jan 2026, 8.4% operating in Jun 2025, 12.5% EBITDA in Jun 2025, and 5.7% net in Jun 2025.

What are the lowest historical margins of HNI?

Across the 5-year period, HNI posted its lowest margins at 33.9% gross in Jul 2022, 1.8% operating in Apr 2026, 6.2% EBITDA in Apr 2026, and 0% net in Apr 2026.