Hni (HNI) Operating Margin (2009 - 2026)
Hni (HNI) posted quarterly Operating Margin of 2.7% for Q2 2026, down 677.0% year-over-year from 0.47% in Q2 2025, and up 23.08% quarter-over-quarter from 3.51% in Q1 2026.
Hni (HNI) Operating Margin (2009 - 2026) Analysis & Trends
Hni (HNI) has reported Operating Margin for 18 consecutive years, with 2.7% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin fell 677.0% year-over-year to 2.7%; the TTM figure through Apr 2026 stood at 1.82% (down 611.0% YoY), while the FY2026 annual figure was 4.44%, down 374.0% from the prior year.
- Operating Margin improved to 2.7% in Q2 2026 per HNI's latest filing, from 3.51% in the prior quarter.
- Across five years, Operating Margin topped out at 13.68% in Q4 2022 and bottomed at 3.51% in Q1 2026.
- Historically, Operating Margin has averaged 5.34% across 5 years, with a median of 4.93% in 2024.
- Annual changes were most pronounced in 2022 — Operating Margin soared 921 bps — and 2026, when it plunged 1201 bps.
- Hni's Operating Margin stood at 4.04% in 2022, then grew by 12 bps to 4.52% in 2023, then soared by 88 bps to 8.5% in 2024, then grew by 11 bps to 9.45% in 2025, then slumped by 129 bps to 2.7% in 2026.
- Business Quant data shows HNI's Operating Margin at 2.7% in Q2 2026, 3.51% in Q1 2026, and 9.45% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SharkNinja | 25.60 Bn | 24.82 Bn | 860.34 Mn | 10.16% |
| 2 | Somnigroup International | 13.58 Bn | 13.47 Bn | 817.20 Mn | 11.06% |
| 3 | Mohawk Industries | 8.10 Bn | 7.25 Bn | 795.10 Mn | 8.48% |
| 4 | Alliance Laundry Holdings | 4.67 Bn | 4.48 Bn | 189.90 Mn | 22.16% |
| 5 | Hni | 3.48 Bn | 3.37 Bn | 647.20 Mn | 6.26% |
| 6 | Whirlpool | 2.64 Bn | 1.40 Bn | 442.00 Mn | 4.63% |
| 7 | Interface | 2.28 Bn | 2.20 Bn | 178.08 Mn | 18.93% |
| 8 | Millerknoll | 1.58 Bn | 1.41 Bn | 395.60 Mn | 5.12% |
| 9 | MasterBrand | 1.39 Bn | 1.15 Bn | 205.50 Mn | -3.41% |
| 10 | La-Z-Boy | 1.33 Bn | 1.06 Bn | 208.66 Mn | -0.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 4, 2026 | 6.26% |
| Apr 4, 2026 | -2.70% |
| Jan 3, 2026 | -3.51% |
| Sep 27, 2025 | 9.45% |
| Jun 28, 2025 | 10.22% |
| Mar 29, 2025 | 4.07% |
| Dec 28, 2024 | 8.50% |
| Sep 28, 2024 | 10.25% |
| Jun 29, 2024 | 8.56% |
| Mar 30, 2024 | 5.05% |
| Dec 30, 2023 | 4.52% |
| Sep 30, 2023 | 7.98% |
| Jul 1, 2023 | -0.64% |
| Apr 1, 2023 | 1.34% |
| Dec 31, 2022 | 4.04% |
| Oct 1, 2022 | 13.68% |
| Jul 2, 2022 | 4.81% |
| Apr 2, 2022 | 3.56% |
| Jan 1, 2022 | 7.02% |
| Oct 2, 2021 | 4.47% |