Hni (HNI) Gross Margin (2009 - 2026)
Hni (HNI) posted quarterly Gross Margin of 37.1% for Q2 2026, down 265.0% year-over-year from 22.48% in Q2 2025, and down 9.33% quarter-over-quarter from 40.92% in Q1 2026.
Hni (HNI) Gross Margin (2009 - 2026) Analysis & Trends
Hni (HNI) has reported Gross Margin for 18 consecutive years, with 37.1% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin fell 265.0% year-over-year to 37.1%; the TTM figure through Apr 2026 stood at 40.08% (down 85.0% YoY), while the FY2026 annual figure was 41.43%, up 52.0% from the prior year.
- Gross Margin declined to 37.1% in Q2 2026 per HNI's latest filing, from 40.92% in the prior quarter.
- Across five years, Gross Margin topped out at 42.9% in Q2 2025 and bottomed at 30.96% in Q1 2022.
- Historically, Gross Margin has averaged 38.53% across 5 years, with a median of 39.67% in 2024.
- On a YoY basis, Gross Margin climbed as much as 559 bps in 2022 and fell as far as 275 bps in 2022.
- Hni's Gross Margin stood at 36.54% in 2022, then increased by 10 bps to 40.17% in 2023, then gained by 1 bps to 40.53% in 2024, then advanced by 4 bps to 42.13% in 2025, then slipped by 12 bps to 37.1% in 2026.
- Business Quant data shows HNI's Gross Margin at 37.1% in Q2 2026, 40.92% in Q1 2026, and 42.13% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SharkNinja | 25.41 Bn | 24.63 Bn | 860.34 Mn | 48.73% |
| 2 | Somnigroup International | 13.51 Bn | 13.40 Bn | 817.20 Mn | 44.81% |
| 3 | Mohawk Industries | 8.08 Bn | 7.23 Bn | 795.10 Mn | 26.58% |
| 4 | Alliance Laundry Holdings | 4.59 Bn | 4.41 Bn | 189.90 Mn | 39.83% |
| 5 | Hni | 3.43 Bn | 3.32 Bn | 647.20 Mn | 43.96% |
| 6 | Whirlpool | 2.64 Bn | 1.40 Bn | 442.00 Mn | 12.57% |
| 7 | Interface | 2.26 Bn | 2.18 Bn | 178.08 Mn | 45.00% |
| 8 | Millerknoll | 1.56 Bn | 1.40 Bn | 395.60 Mn | 39.39% |
| 9 | MasterBrand | 1.41 Bn | 1.17 Bn | 205.50 Mn | 25.21% |
| 10 | La-Z-Boy | 1.34 Bn | 1.07 Bn | 208.66 Mn | 43.87% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 4, 2026 | 43.96% |
| Apr 4, 2026 | 37.10% |
| Jan 3, 2026 | 40.92% |
| Sep 27, 2025 | 42.13% |
| Jun 28, 2025 | 42.90% |
| Mar 29, 2025 | 39.75% |
| Dec 28, 2024 | 40.53% |
| Sep 28, 2024 | 41.48% |
| Jun 29, 2024 | 41.90% |
| Mar 30, 2024 | 39.59% |
| Dec 30, 2023 | 40.17% |
| Sep 30, 2023 | 40.09% |
| Jul 1, 2023 | 38.24% |
| Apr 1, 2023 | 36.38% |
| Dec 31, 2022 | 36.54% |
| Oct 1, 2022 | 34.99% |
| Jul 2, 2022 | 35.48% |
| Apr 2, 2022 | 34.41% |
| Jan 1, 2022 | 30.96% |
| Oct 2, 2021 | 33.30% |