Flagship explainer

What drives HNI Corporation’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity4%Tax burden60%net income ÷ pretax incomeInterest burden72%pretax ÷ operating incomeOperating margin4%operating income ÷ revenueAsset turnover0.84×revenue ÷ average assetsEquity multiplier2.53×average assets ÷ average equityAs of 2026-01-03 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$54.2MFY2025
Income before tax$90.8MFY2025
Operating income$126MFY2025
$2.8BFY2025
Ending assets$4.9BFY2025
Beginning assets$1.9BFY2024
$1.8BFY2025
$840MFY2024
Source: · event Jan 3, 2026 · retrieved Jul 26, 2026 · annual-row source set
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