HNI Corp balance sheet

At the end of fiscal 2025, HNI Corp had total assets of $4.88bn, total liabilities of $3.05bn and shareholders' equity of $1.84bn. It held $209m in cash against $1.29bn of debt: net debt of $1.08bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

HNI Corp: balance sheet, annual
Fiscal year	2009Jan 2010	2010Jan 2011	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Jan 2015	2015Jan 2016	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Jan 2021	2021Jan 2022	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Jan 2026	LTMJul 2026
Cash and equivalents	87	99	73	42	65	34	29	36	23	77	52	116	52	17	29	23	209	105
Receivables	164	190	204	213	229	240	243	229	259	255	278	208	240	218	247	—	—	—
Inventory	65	69	102	94	90	122	125	118	156	157	163	138	182	180	197	194	475	499
Total current assets	360	408	432	402	433	456	438	433	489	532	529	496	524	469	536	522	1,412	1,411
Goodwill	261	261	271	288	287	279	278	291	280	271	271	292	297	306	441	442	958	833
Total assets	994	998	1,052	1,077	1,135	1,239	1,264	1,330	1,392	1,402	1,453	1,418	1,498	1,415	1,929	1,875	4,885	4,818
Deferred revenue (current)	—	—	—	—	—	—	—	—	—	—	9	21	27	27	36	42	103	—
Total current liabilities	300	361	382	389	412	457	436	463	490	434	479	439	506	395	464	478	1,139	1,036
Short-term debt	0	50	30	4	0	0	5	34	37	1	1	1	3	1	8	50	16	18
Long-term debt	200	150	150	150	150	198	185	180	240	249	174	175	175	189	428	294	1,277	1,357
Total debt	200	200	181	155	151	198	190	214	277	250	175	175	178	190	436	345	1,293	1,375
Total liabilities	—	—	—	—	—	—	—	—	—	—	—	827	908	798	1,167	1,035	3,050	3,012
Shareholders' equity	419	408	419	420	436	415	477	501	514	563	584	590	590	617	761	840	1,836	1,805
Net debt (negative = net cash)	113	101	108	113	86	164	162	178	253	173	123	59	126	173	407	322	1,084	1,270
Shares outstanding	45m	45m	45m	45m	45m	44m	44m	44m	43m	44m	43m	43m	43m	41m	47m	47m	—	—

US$ millions unless shown otherwise. Fiscal quarters.

HNI Corp: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Jan 2026	2026 Q1Apr 2026	2026 Q2Jul 2026
Inventory	210	194	205	217	195	475	491	499
Total current assets	562	522	529	598	543	1,412	1,297	1,411
Goodwill	442	442	442	442	442	958	835	833
Total assets	1,913	1,875	1,858	1,912	1,843	4,885	4,773	4,818
Deferred revenue (current)	—	42	—	—	—	103	—	—
Total current liabilities	514	478	444	411	409	1,139	936	1,036
Short-term debt	51	50	50	0	0	16	18	18
Long-term debt	295	294	355	444	324	1,277	1,427	1,357
Total debt	345	345	405	444	324	1,293	1,445	1,375
Total liabilities	1,066	1,035	1,054	1,101	1,007	3,050	2,999	3,012
Shareholders' equity	847	840	804	811	836	1,836	1,774	1,805
Shares outstanding	—	47m	—	—	—	71m	—	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from HNI Corp's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to HNI Corp.