HNI Corp (HNI) - Net Assets
Based on the latest financial reports, HNI Corp (HNI) has net assets worth $1.84 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.88 Billion) and total liabilities ($3.05 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of HNI Corp to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.84 Billion |
| % of Total Assets | 37.57% |
| Annual Growth Rate | 7.04% |
| 5-Year Change | 211.1% |
| 10-Year Change | 266.36% |
| Growth Volatility | 21.09 |
HNI Corp - Net Assets Trend (1985–2025)
This chart illustrates how HNI Corp's net assets have evolved over time, based on quarterly financial data. Also explore HNI Corp total assets for the complete picture of this company's asset base.
Annual Net Assets for HNI Corp (1985–2025)
The table below shows the annual net assets of HNI Corp from 1985 to 2025. For live valuation and market cap data, see HNI company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.84 Billion | +118.41% |
| 2024-12-31 | $840.40 Million | +10.33% |
| 2023-12-31 | $761.70 Million | +23.49% |
| 2022-12-31 | $616.80 Million | +4.54% |
| 2021-12-31 | $590.00 Million | -0.13% |
| 2020-12-31 | $590.75 Million | +1.09% |
| 2019-12-31 | $584.37 Million | +3.75% |
| 2018-12-31 | $563.26 Million | +9.46% |
| 2017-12-31 | $514.58 Million | +2.71% |
| 2016-12-31 | $501.01 Million | +4.97% |
| 2015-12-31 | $477.30 Million | +15.15% |
| 2014-12-31 | $414.50 Million | -5.02% |
| 2013-12-31 | $436.42 Million | +3.75% |
| 2012-12-31 | $420.66 Million | +0.32% |
| 2011-12-31 | $419.32 Million | +2.66% |
| 2010-12-31 | $408.46 Million | -2.66% |
| 2009-12-31 | $419.62 Million | -6.54% |
| 2008-12-31 | $448.99 Million | -2.16% |
| 2007-12-31 | $458.91 Million | -7.56% |
| 2006-12-31 | $496.42 Million | -16.44% |
| 2005-12-31 | $594.08 Million | -11.22% |
| 2004-12-31 | $669.16 Million | -5.74% |
| 2003-12-31 | $709.89 Million | +9.74% |
| 2002-12-31 | $646.89 Million | +9.15% |
| 2001-12-31 | $592.68 Million | +3.37% |
| 2000-12-31 | $573.34 Million | +14.37% |
| 1999-12-31 | $501.30 Million | +8.51% |
| 1998-12-31 | $462.00 Million | +21.04% |
| 1997-12-31 | $381.70 Million | +51.17% |
| 1996-12-31 | $252.50 Million | +16.79% |
| 1995-12-31 | $216.20 Million | +11.10% |
| 1994-12-31 | $194.60 Million | +8.35% |
| 1993-12-31 | $179.60 Million | +10.18% |
| 1992-12-31 | $163.00 Million | +8.96% |
| 1991-12-31 | $149.60 Million | +13.68% |
| 1990-12-31 | $131.60 Million | +2.65% |
| 1989-12-31 | $128.20 Million | -13.08% |
| 1988-12-31 | $147.50 Million | +16.69% |
| 1987-12-31 | $126.40 Million | -7.26% |
| 1986-12-31 | $136.30 Million | +12.83% |
| 1985-12-31 | $120.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to HNI Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 434.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $590.40 Million | 32.16% |
| Other Comprehensive Income | $3.50 Million | 0.19% |
| Other Components | $1.24 Billion | 67.65% |
| Total Equity | $1.84 Billion | 100.00% |
HNI Corp Competitors by Market Cap
The table below lists competitors of HNI Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jointo Energy Investment Co Ltd Hebei
SHE:000600
|
$2.51 Billion |
|
Shandong Buchang Pharmaceuticals Co Ltd
SHG:603858
|
$2.51 Billion |
|
Indraprastha Gas Limited
NSE:IGL
|
$2.51 Billion |
|
TAG IMMOBILIEN ADR 1/2
F:TEG0
|
$2.51 Billion |
|
Fibocom Wireless Inc
SHE:300638
|
$2.51 Billion |
|
Unibel S.A
PA:UNBL
|
$2.51 Billion |
|
Ral Yatirim Holding AS
IS:RALYH
|
$2.51 Billion |
|
ANSELL (UNSP.ADRS)/4
F:PD1
|
$2.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HNI Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 840,100,000 to 1,835,600,000, a change of 995,500,000 (118.5%).
- Net income of 54,200,000 contributed positively to equity growth.
- Dividend payments of 63,100,000 reduced retained earnings.
- Share repurchases of 83,600,000 reduced equity.
- New share issuances of 3,800,000 increased equity.
- Other comprehensive income increased equity by 11,800,000.
- Other factors increased equity by 1,072,400,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $54.20 Million | +2.95% |
| Dividends Paid | $63.10 Million | -3.44% |
| Share Repurchases | $83.60 Million | -4.55% |
| Share Issuances | $3.80 Million | +0.21% |
| Other Comprehensive Income | $11.80 Million | +0.64% |
| Other Changes | $1.07 Billion | +58.42% |
| Total Change | $- | 118.50% |
Book Value vs Market Value Analysis
This analysis compares HNI Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 25.99x to 1.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.44 | $37.44 | x |
| 1986-12-31 | $1.67 | $37.44 | x |
| 1987-12-31 | $1.58 | $37.44 | x |
| 1988-12-31 | $1.96 | $37.44 | x |
| 1989-12-31 | $1.82 | $37.44 | x |
| 1990-12-31 | $1.98 | $37.44 | x |
| 1991-12-31 | $2.32 | $37.44 | x |
| 1992-12-31 | $2.49 | $37.44 | x |
| 1993-12-31 | $2.79 | $37.44 | x |
| 1994-12-31 | $3.06 | $37.44 | x |
| 1995-12-31 | $3.55 | $37.44 | x |
| 1996-12-31 | $4.19 | $37.44 | x |
| 1997-12-31 | $6.45 | $37.44 | x |
| 1998-12-31 | $7.47 | $37.44 | x |
| 1999-12-31 | $8.24 | $37.44 | x |
| 2000-12-31 | $9.53 | $37.44 | x |
| 2001-12-31 | $10.04 | $37.44 | x |
| 2002-12-31 | $10.93 | $37.44 | x |
| 2003-12-31 | $12.13 | $37.44 | x |
| 2004-12-31 | $11.62 | $37.44 | x |
| 2005-12-31 | $10.79 | $37.44 | x |
| 2006-12-31 | $9.84 | $37.44 | x |
| 2007-12-31 | $9.78 | $37.44 | x |
| 2008-12-31 | $10.10 | $37.44 | x |
| 2009-12-31 | $9.34 | $37.44 | x |
| 2010-12-31 | $8.91 | $37.44 | x |
| 2011-12-31 | $9.17 | $37.44 | x |
| 2012-12-31 | $9.17 | $37.44 | x |
| 2013-12-31 | $9.49 | $37.44 | x |
| 2014-12-31 | $9.10 | $37.44 | x |
| 2015-12-31 | $10.50 | $37.44 | x |
| 2016-12-31 | $11.00 | $37.44 | x |
| 2017-12-31 | $11.46 | $37.44 | x |
| 2018-12-31 | $12.70 | $37.44 | x |
| 2019-12-31 | $13.43 | $37.44 | x |
| 2020-12-31 | $13.74 | $37.44 | x |
| 2021-12-31 | $13.41 | $37.44 | x |
| 2022-12-31 | $14.61 | $37.44 | x |
| 2023-12-31 | $16.77 | $37.44 | x |
| 2024-12-31 | $17.32 | $37.44 | x |
| 2025-12-31 | $37.54 | $37.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HNI Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.91%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 2.66x
- Recent ROE (2.95%) is below the historical average (17.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 21.52% | 5.49% | 2.00x | 1.96x | $13.92 Million |
| 1986 | 21.50% | 5.82% | 1.96x | 1.88x | $15.67 Million |
| 1987 | 19.62% | 4.47% | 2.24x | 1.96x | $12.16 Million |
| 1988 | 23.93% | 6.63% | 1.93x | 1.87x | $20.55 Million |
| 1989 | 21.45% | 4.57% | 2.12x | 2.22x | $14.68 Million |
| 1990 | 32.83% | 6.51% | 2.40x | 2.10x | $30.04 Million |
| 1991 | 21.99% | 5.41% | 2.16x | 1.88x | $17.94 Million |
| 1992 | 23.74% | 5.48% | 2.19x | 1.98x | $22.40 Million |
| 1993 | 25.11% | 5.78% | 2.21x | 1.96x | $27.14 Million |
| 1994 | 27.85% | 6.41% | 2.27x | 1.91x | $34.74 Million |
| 1995 | 19.01% | 4.60% | 2.18x | 1.89x | $19.48 Million |
| 1996 | 26.98% | 6.82% | 1.94x | 2.03x | $42.86 Million |
| 1997 | 22.79% | 6.38% | 1.81x | 1.98x | $48.83 Million |
| 1998 | 23.01% | 6.27% | 1.96x | 1.87x | $60.10 Million |
| 1999 | 17.43% | 4.88% | 1.97x | 1.81x | $37.27 Million |
| 2000 | 18.53% | 5.19% | 2.00x | 1.78x | $48.88 Million |
| 2001 | 12.55% | 4.15% | 1.86x | 1.62x | $15.14 Million |
| 2002 | 14.12% | 5.40% | 1.66x | 1.58x | $26.67 Million |
| 2003 | 13.82% | 5.59% | 1.72x | 1.44x | $27.12 Million |
| 2004 | 16.97% | 5.43% | 2.05x | 1.53x | $46.67 Million |
| 2005 | 23.14% | 5.65% | 2.13x | 1.92x | $78.03 Million |
| 2006 | 24.88% | 4.60% | 2.19x | 2.47x | $73.78 Million |
| 2007 | 26.23% | 4.68% | 2.13x | 2.63x | $74.49 Million |
| 2008 | 10.13% | 1.83% | 2.13x | 2.60x | $566.70K |
| 2009 | -1.54% | -0.39% | 1.67x | 2.37x | $-48.37 Million |
| 2010 | 6.60% | 1.60% | 1.69x | 2.45x | $-13.86 Million |
| 2011 | 10.97% | 2.51% | 1.74x | 2.52x | $4.08 Million |
| 2012 | 11.65% | 2.44% | 1.86x | 2.57x | $6.93 Million |
| 2013 | 14.60% | 3.09% | 1.82x | 2.60x | $20.05 Million |
| 2014 | 14.83% | 2.77% | 1.79x | 2.99x | $20.01 Million |
| 2015 | 22.11% | 4.58% | 1.82x | 2.65x | $57.74 Million |
| 2016 | 17.09% | 3.88% | 1.66x | 2.66x | $35.52 Million |
| 2017 | 17.47% | 4.13% | 1.56x | 2.71x | $38.39 Million |
| 2018 | 16.59% | 4.14% | 1.61x | 2.49x | $37.08 Million |
| 2019 | 18.92% | 4.92% | 1.55x | 2.49x | $52.10 Million |
| 2020 | 7.10% | 2.14% | 1.38x | 2.40x | $-17.14 Million |
| 2021 | 10.14% | 2.74% | 1.46x | 2.54x | $840.00K |
| 2022 | 20.10% | 5.25% | 1.67x | 2.29x | $62.25 Million |
| 2023 | 6.46% | 2.02% | 1.26x | 2.53x | $-26.94 Million |
| 2024 | 16.61% | 5.52% | 1.35x | 2.23x | $55.49 Million |
| 2025 | 2.95% | 1.91% | 0.58x | 2.66x | $-129.36 Million |
Industry Comparison
This section compares HNI Corp's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $146,403,608
- Average return on equity (ROE) among peers: 13.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HNI Corp (HNI) | $1.84 Billion | 21.52% | 1.66x | $2.51 Billion |
| American Woodmark Corporation (AMWD) | $215.19 Million | 16.54% | 0.68x | $609.45 Million |
| Aterian Inc (ATER) | $15.21 Million | -124.81% | 0.94x | $7.79 Million |
| Applied UV, Inc. (AUVIQ) | $-1.42 Million | 0.00% | 0.00x | $467.00 |
| Bassett Furniture Industries (BSET) | $167.33 Million | -5.79% | 1.04x | $124.71 Million |
| Traeger Inc (COOK) | $475.04 Million | 6.54% | 1.08x | $117.97 Million |
| Crown Crafts Inc (CRWS) | $18.44 Million | 16.83% | 2.17x | $29.11 Million |
| Energy Focu (EFOI) | $16.79 Million | -86.06% | 0.41x | $11.08 Million |
| Ethan Allen Interiors Inc (ETD) | $350.50 Million | 23.20% | 0.37x | $529.79 Million |
| FGI Industries Ltd (FGI) | $1.53 Million | 308.86% | 28.48x | $8.13 Million |
| Flexsteel Industries Inc (FLXS) | $205.43 Million | -15.87% | 0.24x | $259.42 Million |
About HNI Corp
HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. It operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers panel-based and freestanding office furniture systems, seating, stor… Read more