Brady vs HNI
HNI is the larger business, with $2.84bn of revenue in fiscal 2025 against $1.66bn for Brady (1.7 times as much). HNI grew faster (12.4% against 9.8%). Brady kept more of each dollar of sales as profit: a net margin of 12.4% against 1.9%. Brady carries less debt relative to equity (1.1% against 70.4%).
| Latest fiscal year | BradyBRC, 2026 | HNIHNI, 2025 |
|---|---|---|
| Revenue | $1.66bn | $2.84bn |
| Revenue growth | 9.8% | 12.4% |
| Net income | $205m | $54.2m |
| Operating margin | 15.9% | 4.4% |
| Net margin | 12.4% | 1.9% |
| Return on equity | 16.1% | 4.1% |
| Free cash flow | $193m | $209m |
| Cash | $187m | $209m |
| Total debt | $15.0m | $1.29bn |
| Debt to equity | 1.1% | 70.4% |
| Dividend per share | — | $1.35 |
| Dividend yield | 1.1% | 2.4% |
| Share buybacks | $42.2m | $83.6m |
| Employees | — | — |
| Market value | $3.98bn | $3.41bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 81 (Strong) | 49 (Moderate) |
| Insider trades, 12 months | 1 buys, 15 sales | 0 buys, 10 sales |