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Held by 272 of 5,944 reporting institutions (94th percentile) — extremely crowded.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $46.35 today, the market must believe free cash flow compounds 9.7%/yr for a decade (off $190M normalized FCF).
The market's 9.7% is more optimistic than its 9-yr track record.
2-stage DCF · 0.07B shares · net debt $1.1B
mean 179.0% · volatility σ 472% · implied rate exceeded in 5/9 yrs
Central path = implied 9.7%/yr growth; shaded band = ±1σ (472%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 30% of free cash flow, leaving room to grow it and fund buybacks. Last year: $63M dividends + $84M buybacks = $147M returned on $209M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 2%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $209M covers the $16M due within a year 12.9× over. Scheduled principal only (excludes interest & revolver draws). As of 2026-01-03 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~4.0% on $178M of debt. Interest last disclosed in FY2022 (no longer broken out).
Cash of $209M fully covers short-term debt of $16M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2021 | FY2022 | FY2022 | FY2023 | FY2024 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 63.0 | 62.9 | 63.1 | 65.3 | 64.6 | 61.0 | 59.1 | 58.6 |
| Gross Profit | 37.0 | 37.1 | 36.9 | 34.7 | 35.4 | 39.0 | 40.9 | 41.4 |
| R&D | 1.5 | 1.5 | 1.8 | 1.8 | 2.0 | 1.9 | 2.1 | 2.0 |
| SG&A | 30.6 | 30.3 | 31.8 | 30.5 | 30.6 | 31.7 | 32.5 | 33.0 |
| Operating Income | 5.7 | 6.7 | 3.1 | 3.9 | 6.6 | 3.7 | 8.2 | 4.4 |
| Income Tax | 1.1 | 1.4 | 0.6 | 0.8 | 1.0 | 0.6 | 1.6 | 1.3 |
| Net Income | 4.1 | 4.9 | 2.1 | 2.7 | 5.2 | 2.0 | 5.5 | 1.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on HNI: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2026
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2024 | FY2023 | FY2022 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.84B 100.0% | $2.53B 100.0% | $2.43B 100.0% | $2.36B 100.0% | $2.18B 100.0% | $1.96B 100.0% | $2.25B 100.0% | $2.26B 100.0% | $2.18B 100.0% | $2.20B 100.0% |
| Cost of Revenue | $1.66B 58.6% | $1.49B 59.1% | $1.49B 61.0% | $1.53B 64.6% | $1.43B 65.3% | $1.23B 63.1% | $1.41B 62.9% | $1.42B 63.0% | $1.39B 64.0% | $1.37B 62.1% |
| Gross Profit | $1.18B 41.4% | $1.03B 40.9% | $948.3M 39.0% | $834.9M 35.4% | $757.4M 34.7% | $721.1M 36.9% | $833.8M 37.1% | $835.0M 37.0% | $784.0M 36.0% | $835.0M 37.9% |
| Research & Development | $56.6M 2.0% | $53.6M 2.1% | $47.2M 1.9% | $47.8M 2.0% | $39.4M 1.8% | $35.3M 1.8% | $34.7M 1.5% | $33.4M 1.5% | $31.8M 1.5% | $28.1M 1.3% |
| Selling, General & Admin | $937.0M 33.0% | $820.7M 32.5% | $772.0M 31.7% | $723.4M 30.6% | $665.6M 30.5% | $620.9M 31.8% | $680.0M 30.3% | $691.1M 30.6% | $671.8M 30.9% | $667.7M 30.3% |
| Operating Income | $126.0M 4.4% | $206.5M 8.2% | $90.3M 3.7% | $155.2M 6.6% | $85.4M 3.9% | $61.4M 3.1% | $151.3M 6.7% | $128.2M 5.7% | $76.7M 3.5% | $133.7M 6.1% |
| Interest Expense | — | — | — | — | $7.2M 0.3% | $7.0M 0.4% | $8.6M 0.4% | $9.4M 0.4% | $6.1M 0.3% | $5.1M 0.2% |
| Interest & Investment Income | — | — | — | — | — | — | — | $579K 0.0% | $297K 0.0% | $305K 0.0% |
| Other Income (Expense), net | $400K 0.0% | $0 0.0% | $0 0.0% | — | — | — | — | — | — | — |
| Pretax Income | $90.8M 3.2% | $179.3M 7.1% | $64.8M 2.7% | $146.4M 6.2% | $78.3M 3.6% | $54.4M 2.8% | $142.7M 6.4% | $118.7M 5.3% | $70.6M 3.2% | $128.9M 5.9% |
| Income Tax Expense | $36.5M 1.3% | $39.8M 1.6% | $15.6M 0.6% | $22.5M 1.0% | $18.5M 0.8% | $12.5M 0.6% | $32.2M 1.4% | $25.4M 1.1% | -$19.3M -0.9% | $43.3M 2.0% |
| Net Income | $54.2M 1.9% | $139.5M 5.5% | $49.2M 2.0% | $123.9M 5.2% | $59.8M 2.7% | $41.9M 2.1% | $110.5M 4.9% | $93.4M 4.1% | $89.8M 4.1% | $85.6M 3.9% |
| Per Share | ||||||||||
| EPS (Basic) | $1.13 | $2.95 | $1.11 | $2.97 | $1.38 | $0.98 | $2.56 | $2.14 | $2.05 | $1.93 |
| EPS (Diluted) | $1.11 | $2.88 | $1.09 | $2.94 | $1.36 | $0.98 | $2.54 | $2.11 | $2.00 | $1.88 |
| Weighted Avg Shares (Basic) | 47.9M | 47.4M | 44.5M | 41.7M | 43.4M | 42.7M | 43.1M | 43.6M | 43.8M | 44.4M |
| Weighted Avg Shares (Diluted) | 48.9M | 48.5M | 45.4M | 42.2M | 44.0M | 43.0M | 43.5M | 44.3M | 44.8M | 45.5M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 651 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $28.75T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $364.2B | 41.6× | 29.1× | 5.4× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $328.2B | 38.4× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $264.2B | 39.7× | 18.8× | 3.0× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $204.4B | 81.4× | 41.0× | 2.3× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $181.0B | 36.2× | — | 4.0× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $174.3B | 47.1× | 31.1× | 5.4× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $166.7B | 23.4× | 16.0× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $154.3B | 38.1× | — | 5.6× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.9B | 28.2× | 16.2× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $123.0B | 25.0× | 16.1× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $117.9B | 33.9× | 26.6× | 5.9× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $108.7B | 25.0× | — | 5.0× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| GD | $97.3B | 23.3× | 17.1× | 1.9× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| TT | $94.0B | 32.5× | 23.2× | 4.4× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| PWR | $92.6B | 91.1× | 46.0× | 3.3× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| VRT | $91.6B | 70.2× | 43.4× | 8.9× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| JCI | $91.6B | 27.9× | — | 3.9× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $91.5B | 61.4× | 40.3× | 11.1× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $89.1B | 31.1× | 14.4× | 6.3× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| MMM | $86.2B | 27.1× | 16.6× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| WM | $86.2B | 31.9× | 12.1× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| UPS | $83.9B | 15.1× | 9.4× | 0.9× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| EMR | $82.1B | 36.1× | — | 4.6× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| CTAS | $80.4B | 45.3× | 28.9× | 7.8× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
| HNI | $3.3B | 41.6× | 18.8× | 1.2× | 12.4% | 41.4% | 1.9% | 3.0% | 1.7% | 5.5× | 272 |
Peers = companies sharing HNI's sector (Industrials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.