Filing Flows › HNI (HNI) › Q2 2025
HNI (HNI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
HNI (HNI) reported revenue of $667M for the second quarter 2025 (Q2 2025), +7% from a year earlier and +11% from the quarter before. Operating margin was 10.2%, net earnings $48.3M (7.2% of revenue).
HNI, Q2 2025: revenue $667M (+7% year over year), operating margin 10.2%, net earnings $48.3M, operating cash flow $31.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $667M | +11% | +7% |
| Gross profit | $286M | +20% | +10% |
| Operating profit | $68.2M | +180% | +28% |
| Net earnings | $48.3M | +247% | +34% |
| Operating cash flow | $31.1M | +147% | -39% |
| Free cash flow | $16.1M | — | -52% |
What changed
Revenue was $667.1M in Q2 2025, up 7% year over year and up 11% from the previous quarter. Workplace furnishings was the largest line at 77% of revenue. Workplace furnishings added $35.8M year over year (up 7%), 82% of the total change.
Gross margin was 42.9%, up 1.0 points from a year earlier. Operating profit was $68.2M, a 10.2% margin (up 1.7 points year over year). Of the extra revenue versus a year earlier, 34% reached operating profit, above the 9% margin then. Operating expenses grew 5% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+25%). Net earnings were $48.2M, up 34% year over year. The effective tax rate was 22.3%.
Operating cash flow was $31.1M (down 39% year over year), 64% of net earnings. Non-cash charges added back $25.0M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items used $45.5M. Capital expenditures of $15.0M left free cash flow of $16.1M.
Questions
What was HNI's revenue in the second quarter 2025?
HNI (HNI) reported revenue of $667M for the second quarter 2025 (Q2 2025), +7% from a year earlier and +11% from the quarter before.
Was HNI profitable in the second quarter 2025?
Operating profit was $68.2M (10.2% of revenue) and net earnings $48.3M.
Source: HNI 10-Q on SEC EDGAR.