HNI Corporation spans workplace furnishings and residential building products, so its statistics cover more than office furniture. This overview uses fiscal 2022–2025 results, a December 2024 balance sheet, January 2026 facilities data, and company-reported sustainability and acquisition measures.
Key HNI Statistics
The most useful headline figures are:
- HNI reported $2,526.4 million in net sales in fiscal 2024 for the corporation.
- HNI reported $2,434.0 million in net sales in fiscal 2023 for the corporation.
- HNI reported $2,361.8 million in net sales in fiscal 2022 for the corporation.
- Workplace Furnishings generated $1,888.0 million in fiscal 2024 net sales for HNI’s reportable segment.
- Residential Building Products generated $638.4 million in fiscal 2024 net sales for HNI’s reportable segment.
- Systems, storage and tables produced $1,147.3 million of Workplace Furnishings revenue in fiscal 2024.
- Seating produced $583.7 million of Workplace Furnishings revenue in fiscal 2024.
- HNI gross profit was $1,033.4 million in fiscal 2024 on a GAAP consolidated basis.
- HNI operating income was $206.5 million in fiscal 2024 on a GAAP consolidated basis.
- HNI net income attributable to the corporation was $139.5 million in fiscal 2024.
- HNI diluted earnings per share were $2.88 in fiscal 2024 on a GAAP basis.
- HNI had $524.5 million of total current assets on December 28, 2024.
- HNI recorded $30.9 million of total annual retirement-plan contributions in fiscal 2024.
- HNI operations totaled approximately 21.2 million square feet as of January 3, 2026 across global manufacturing, distribution, retail and office locations.
- Approximately 7.5 million square feet of HNI operating space was leased as of January 3, 2026.
- HNI completed its Steelcase acquisition at an approximate $1.9 billion transaction value on December 10, 2025.
- Steelcase contributed $187.5 million to HNI’s year-over-year fourth-quarter 2025 net-sales increase for 24 days of results.
- HNI reduced absolute combined Scope 1 and 2 greenhouse-gas emissions by 79% in the corporate-responsibility reporting period released April 29, 2025.
Contents
- Company scale, segments and revenue trends
- Workplace furnishings product-category data
- Financial performance statistics
- Balance sheet and retirement-plan statistics
- Facilities and operating footprint
- Steelcase acquisition and sustainability measures
HNI Company Scale, Segments and Revenue Trends
HNI’s filing defines two reportable segments: Workplace Furnishings and Residential Building Products. Workplace Furnishings includes systems, seating, storage, tables, architectural, ancillary and hospitality products, while Residential Building Products includes hearth products.
| Fiscal period | Consolidated net sales | Workplace Furnishings | Residential Building Products |
|---|---|---|---|
| 2024 | $2,526.4 million | $1,888.0 million | $638.4 million |
| 2023 | $2,434.0 million | $1,740.3 million | $693.7 million |
| 2022 | $2,361.8 million | Not separately listed here | $875.6 million |
The 2022–2024 consolidated figures are GAAP net sales for HNI Corporation. Segment figures are reportable-segment net sales, and the 2022 Residential Building Products figure is segment revenue rather than Workplace Furnishings revenue. HNI Corporation Annual Report on Form 10-K for the fiscal year ended December 28, 2024
The 2025 annual report gives a rounded later snapshot: HNI reported $2.8 billion of net sales for fiscal 2025 ended January 3, 2026, including $2.2 billion from Workplace Furnishings and $0.7 billion from Residential Building Products. Those figures include Steelcase from the acquisition date, so fiscal 2025 is not a like-for-like legacy HNI series.
HNI Corporation 2025 Annual Report
HNI follows a 52/53-week fiscal-year convention. Fiscal-year and quarterly comparisons should therefore retain the stated periods and week counts rather than treating every reporting interval as identical.
HNI Workplace Furnishings Statistics by Product Category
The Workplace Furnishings segment can be viewed through three revenue categories. Systems, storage and tables were the largest listed category in each supplied year, while seating was the second-largest.
| Workplace Furnishings category | 2024 revenue | 2023 revenue | 2022 revenue |
|---|---|---|---|
| Systems, storage and tables | $1,147.3 million | $1,057.4 million | $889.6 million |
| Seating | $583.7 million | $525.4 million | $473.7 million |
| Other workplace furnishings | $157.0 million | $157.5 million | $123.0 million |
The category totals are revenue measures for HNI Workplace Furnishings, not unit counts or adoption rates. The filing says “other” includes education-specific furnishings, architectural products, workspace accessories and miscellaneous product lines and services in 2024; for 2023 and 2022 it is presented as the filing’s residual category.
HNI Corporation Annual Report on Form 10-K for the fiscal year ended December 28, 2024
The residential segment should not be folded into these workplace categories. HNI separately reported $875.6 million of Residential Building Products revenue in fiscal 2022, identified as segment revenue rather than workplace furnishings revenue.
HNI Financial Performance Statistics: Profit, Cash Flow and Earnings
HNI’s reported profitability changed across fiscal 2022–2024. The following GAAP measures keep revenue, gross profit, operating income, net income and diluted EPS distinct.
| GAAP measure | Fiscal 2024 | Fiscal 2023 | Fiscal 2022 |
|---|---|---|---|
| Gross profit | $1,033.4 million | $948.3 million | $834.9 million |
| Operating income | $206.5 million | $90.3 million | $155.2 million |
| Net income attributable to HNI | $139.5 million | $49.2 million | $123.9 million |
| Diluted EPS | $2.88 | $1.09 | $2.94 |
These are consolidated GAAP figures for HNI Corporation. The 2024 filing also reported $141.9 million of comprehensive income attributable to HNI Corporation in fiscal 2024, a broader measure than net income.
HNI Corporation Annual Report on Form 10-K for the fiscal year ended December 28, 2024
The dataset provides profit and earnings measures, but it does not provide a cash-flow total for the fiscal years covered. Accordingly, these figures should not be presented as cash flow or used to infer margins without additional calculations and supporting line items.
HNI Balance Sheet, Retirement Contributions and Benefit Obligations
At December 28, 2024, HNI’s balance sheet included $22.5 million of cash and cash equivalents, $248.4 million of receivables before allowance, and $194.3 million of net inventories. Total current assets were $524.5 million at that date.
The property, plant and equipment amounts below are gross carrying values, not necessarily net book values:
- Buildings had a gross carrying value of $407.9 million at December 28, 2024.
- Machinery and equipment had a gross carrying value of $685.9 million at December 28, 2024.
- Construction in progress was $25.9 million at December 28, 2024.
HNI Corporation Annual Report on Form 10-K for the fiscal year ended December 28, 2024
HNI’s defined-contribution plans cover substantially all members. In fiscal 2024, the company recorded $27.0 million of cash retirement-plan contributions and $3.9 million of stock retirement-plan contributions, for $30.9 million of total annual contributions.
The filing also reported a $16.6 million post-retirement healthcare benefit obligation at fiscal year-end 2024 for certain retirees receiving a fixed subsidy. This is an actuarial benefit obligation, not cash paid; HNI paid $1.0 million in post-retirement benefits during fiscal 2024.
HNI Facilities, Footprint and Operating Capacity Statistics
As of January 3, 2026, HNI operations totaled approximately 21.2 million square feet across global manufacturing, distribution, retail and office locations. Approximately 7.5 million square feet was leased, making the ownership and leasing mix an important qualifier when comparing facilities data.
The 2025 annual report’s principal-facilities table identifies locations of at least 100,000 square feet. Selected Workplace Furnishings and Residential Building Products sites included:
| Location | Facilities | Space and status | Segment |
|---|---|---|---|
| Muscatine, Iowa | 6 | 2.211 million sq. ft. owned | Workplace Furnishings |
| Kentwood, Michigan | 2 | 1.907 million sq. ft. owned | Workplace Furnishings |
| Jasper, Indiana | 5 | 1.223 million sq. ft. owned | Workplace Furnishings |
| Grand Rapids, Michigan | 2 | 743,000 sq. ft. owned | Workplace Furnishings |
| Santa Claus, Indiana | 2 | 684,000 sq. ft. owned | Workplace Furnishings |
| Lake City, Minnesota | 2 | 342,000 sq. ft. owned | Residential Building Products |
| Carrollton, Texas | 2 | 618,000 sq. ft. leased | Workplace Furnishings |
These location figures describe selected principal facilities, not the entire 21.2-million-square-foot operating footprint. HNI Corporation 2025 Annual Report
HNI Steelcase Acquisition and Sustainability Statistics
HNI completed its Steelcase acquisition on December 10, 2025, in a transaction valued at approximately $1.9 billion. Steelcase results were included in HNI’s fiscal 2025 results from the acquisition date, which is why those consolidated figures should not be read as a continuous pre-acquisition series.
For fourth-quarter 2025, HNI reported $888.4 million of consolidated net sales, up 38.3% year over year. Steelcase contributed $187.5 million to the year-over-year increase for 24 days of Steelcase results, while HNI reported 10.1% year-over-year organic net-sales growth.
The organic measure is non-GAAP and excludes specified acquisition, divestiture and other effects. HNI also recorded $86.3 million of Steelcase-related acquisition costs in fourth-quarter 2025, including change-in-control compensation, transaction success fees and professional-service fees; the company reported a 14-week quarter, so week-count context matters.
HNI Corporation 2025 Annual Report
HNI’s corporate-responsibility reporting provides one operational-impact measure: the company reported a 79% reduction in absolute combined Scope 1 and 2 greenhouse-gas emissions in the corporate-responsibility reporting period released April 29, 2025. This is company-reported data, and the baseline and organizational boundary are defined in the underlying responsibility report.
HNI Corporation Releases New Corporate Responsibility Report
The acquisition and sustainability figures answer different questions: transaction value and quarterly sales describe corporate scale and integration, while emissions reduction describes an operational-impact measure under the reporting boundary specified by HNI.