HILLMAN SOLUTIONS CORP Financials
HILLMAN SOLUTIONS CORP (HLMN) reported $1.6B in revenue for fiscal year 2025, up 5.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Hillman’s margin expansion is turning a formerly debt-heavy distributor into a more profitable, still inventory-funded operator.
FY2025 exposed the company’s cash-conversion limit: net income rose to$40.3M , but free cash flow fell to$35.1M . Working capital absorbed the difference, with inventory ending at$485.9M while cash slipped to$27.3M , showing that better earnings still require meaningful cash to keep the business supplied.
From FY2023 to FY2025, gross margin expanded from
Leverage has eased as long-term debt fell from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of HILLMAN SOLUTIONS CORP's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
HILLMAN SOLUTIONS CORP has an operating margin of 7.3%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 56/100, indicating healthy but not exceptional operating efficiency. This is up from 6.0% the prior year.
HILLMAN SOLUTIONS CORP's revenue grew 5.4% year-over-year to $1.6B, a solid pace of expansion. This earns a growth score of 41/100.
HILLMAN SOLUTIONS CORP has elevated debt relative to equity (D/E of 0.54), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 25/100, reflecting increased financial risk.
With a current ratio of 2.51, HILLMAN SOLUTIONS CORP holds $2.51 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 69/100.
HILLMAN SOLUTIONS CORP has a free cash flow margin of 2.3%, earning a moderate score of 50/100. The company generates positive cash flow after capital investments, but with room for improvement.
HILLMAN SOLUTIONS CORP's ROE of 3.3% shows moderate profitability relative to equity, earning a score of 49/100. This is up from 1.5% the prior year.
HILLMAN SOLUTIONS CORP scores 1.75, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
HILLMAN SOLUTIONS CORP passes 9 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, HILLMAN SOLUTIONS CORP generates $2.61 in operating cash flow ($105.2M OCF vs $40.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
HILLMAN SOLUTIONS CORP earns $2.02 in operating income for every $1 of interest expense ($114.0M vs $56.5M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
HILLMAN SOLUTIONS CORP generated $1.6B in revenue in fiscal year 2025. This represents an increase of 5.4% from the prior year.
HILLMAN SOLUTIONS CORP's EBITDA was $255.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 16.6% from the prior year.
HILLMAN SOLUTIONS CORP reported $40.3M in net income in fiscal year 2025. This represents an increase of 133.6% from the prior year.
HILLMAN SOLUTIONS CORP earned $0.20 per diluted share (EPS) in fiscal year 2025. This represents an increase of 122.2% from the prior year.
Cash & Balance Sheet
HILLMAN SOLUTIONS CORP generated $35.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 64.2% from the prior year.
HILLMAN SOLUTIONS CORP held $27.3M in cash against $668.3M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
HILLMAN SOLUTIONS CORP's gross margin was 48.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.
HILLMAN SOLUTIONS CORP's operating margin was 7.3% in fiscal year 2025, reflecting core business profitability. This is up 1.3 percentage points from the prior year.
HILLMAN SOLUTIONS CORP's net profit margin was 2.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.4 percentage points from the prior year.
HILLMAN SOLUTIONS CORP's ROE was 3.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.8 percentage points from the prior year.
Capital Allocation
HILLMAN SOLUTIONS CORP invested $1.4M in research and development in fiscal year 2025. This represents an increase of 1.9% from the prior year.
HILLMAN SOLUTIONS CORP spent $12.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
HILLMAN SOLUTIONS CORP invested $70.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 17.7% from the prior year.
HLMN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B+5.4% | $1.5B-0.3% | $1.5B-0.7% | $1.5B+4.2% | $1.4B+4.2% | $1.4B+12.7% | $1.2B |
| Cost of Revenue | $832.5M | $795.9M+4.1% | $764.7M-7.8% | $829.0M-2.1% | $846.6M-1.5% | $859.6M+9.9% | $781.8M+12.7% | $693.9M |
| Gross Profit | $769.9M | $756.3M+6.8% | $707.9M+9.3% | $647.5M+1.2% | $639.8M+13.0% | $566.4M-3.4% | $586.5M+12.7% | $520.5M |
| R&D Expenses | N/A | $1.4M+1.9% | $1.3M-48.0% | $2.6M+9.1% | $2.3M-3.8% | $2.4M-15.1% | $2.9M+38.6% | $2.1M |
| SG&A Expenses | $517.8M | $502.0M+2.7% | $488.7M+8.1% | $452.1M-6.0% | $481.0M+9.8% | $437.9M+9.9% | $398.5M+4.3% | $382.1M |
| Operating Income | $110.8M | $114.0M+28.3% | $88.8M+45.7% | $60.9M+52.7% | $39.9M+286.8% | $10.3M+906.4% | -$1.3M | $0 |
| Interest Expense | -$54.2M | -$56.5M+4.7% | -$59.2M+13.3% | -$68.3M-25.2% | -$54.6M+10.9% | -$61.2M+29.4% | -$86.8M+14.6% | -$101.6M |
| Income Tax | $15.4M | $16.3M+75.2% | $9.3M+321.3% | $2.2M+24.8% | $1.8M+115.0% | -$11.8M | $0 | $0 |
| Net Income | $41.2M | $40.3M+133.6% | $17.3M+279.9% | -$9.6M+41.7% | -$16.4M+57.1% | -$38.3M-32.7% | -$28.9M | $0 |
| EPS (Diluted) | — | $0.20+122.2% | $0.09+280.0% | -$0.05+37.5% | -$0.08 | -$0.28 | -$0.27+71.9% | -$0.96 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
HLMN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $2.4B+1.1% | $2.3B0.0% | $2.3B-5.6% | $2.5B-3.6% | $2.6B+411.4% | $501.2M | $0 |
| Current Assets | $646.5M+12.8% | $573.2M+4.6% | $548.0M-13.2% | $631.6M-5.5% | $668.3M+59398.1% | $1.1M | $0 |
| Cash & Equivalents | $27.3M-38.7% | $44.5M+15.5% | $38.6M+24.0% | $31.1M+112.8% | $14.6M+1335.5% | $1.0M | $0 |
| Inventory | $485.9M+20.4% | $403.7M+5.5% | $382.7M-21.8% | $489.3M-8.3% | $533.5M+36.2% | $391.7M | N/A |
| Accounts Receivable | $114.9M+4.7% | $109.8M+6.1% | $103.5M+19.0% | $87.0M-18.9% | $107.2M-11.6% | $121.2M | N/A |
| Goodwill | $830.7M+0.3% | $828.6M+0.4% | $825.0M+0.1% | $823.8M-0.2% | $825.4M | N/A | N/A |
| Total Liabilities | $1.1B-1.8% | $1.1B-2.4% | $1.2B-10.5% | $1.3B-7.0% | $1.4B+184.7% | $496.2M | $0 |
| Current Liabilities | $257.6M+1.5% | $253.7M+13.7% | $223.1M+3.6% | $215.4M-22.3% | $277.3M+217472.4% | $127K | $0 |
| Long-Term Debt | $668.3M-3.4% | $691.7M-5.5% | $731.7M-17.3% | $884.6M-2.4% | $906.5M | N/A | N/A |
| Total Equity | $1.2B+3.9% | $1.2B+2.4% | $1.2B-0.2% | $1.2B+0.6% | $1.2B+22901.9% | $5.0M | $0 |
| Retained Earnings | -$178.6M+18.4% | -$219.0M+7.3% | -$236.2M-4.2% | -$226.6M-7.8% | -$210.2M-627.5% | -$28.9M | $0 |
HLMN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $125.6M | $105.2M-42.6% | $183.3M-23.0% | $238.0M+100.0% | $119.0M+207.9% | -$110.3M-8668.4% | -$1.3M | $0 |
| Capital Expenditures | $64.5M | $70.1M-17.7% | $85.2M+29.6% | $65.8M-5.5% | $69.6M+35.0% | $51.6M+13.9% | $45.3M-21.6% | $57.8M |
| Free Cash Flow | $61.1M | $35.1M-64.2% | $98.1M-43.0% | $172.3M+248.6% | $49.4M+130.5% | -$161.8M-247.7% | -$46.5M+19.4% | -$57.8M |
| Investing Cash Flow | -$72.0M | -$70.4M+50.9% | -$143.4M-111.3% | -$67.9M+6.8% | -$72.8M+19.5% | -$90.5M+81.9% | -$500.0M | $0 |
| Financing Cash Flow | -$51.8M | -$52.2M-33.0% | -$39.3M+75.8% | -$162.0M-463.9% | -$28.7M-114.9% | $193.3M-61.5% | $502.3M | $0 |
| Share Buybacks | $35.8M | $12.4M | $0 | $0 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
HLMN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 48.7%+0.7pp | 48.1%+4.2pp | 43.9%+0.8pp | 43.0%+3.3pp | 39.7%-3.1pp | 42.9%0.0pp | 42.9% |
| Operating Margin | 7.3%+1.3pp | 6.0%+1.9pp | 4.1%+1.5pp | 2.7%+2.0pp | 0.7%+0.8pp | -0.1%-0.1pp | 0.0% |
| Net Margin | 2.6%+1.4pp | 1.2%+1.8pp | -0.7%+0.5pp | -1.1%+1.6pp | -2.7%-0.6pp | -2.1%-2.1pp | 0.0% |
| Return on Equity | 3.3%+1.8pp | 1.5%+2.3pp | -0.8%+0.6pp | -1.4%+1.9pp | -3.3%+574.5pp | -577.8% | N/A |
| Return on Assets | 1.7%+1.0pp | 0.7%+1.1pp | -0.4%+0.3pp | -0.7%+0.8pp | -1.5%+4.3pp | -5.8% | N/A |
| Current Ratio | 2.51+0.3x | 2.26-0.2x | 2.46-0.5x | 2.93+0.5x | 2.41-6.4x | 8.81 | N/A |
| Debt-to-Equity | 0.540.0x | 0.580.0x | 0.63-0.1x | 0.760.0x | 0.79-98.5x | 99.24 | N/A |
| FCF Margin | 2.3%-4.4pp | 6.7%-5.0pp | 11.7%+8.3pp | 3.3%+14.7pp | -11.3%-8.0pp | -3.4%+1.4pp | -4.8% |
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Where HILLMAN SOLUTIONS CORP Ranks
Frequently Asked Questions
What is HILLMAN SOLUTIONS CORP's annual revenue?
HILLMAN SOLUTIONS CORP (HLMN) reported $1.6B in total revenue for fiscal year 2025. This represents a 5.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is HILLMAN SOLUTIONS CORP's revenue growing?
HILLMAN SOLUTIONS CORP (HLMN) revenue grew by 5.4% year-over-year, from $1.5B to $1.6B in fiscal year 2025.
Is HILLMAN SOLUTIONS CORP profitable?
Yes, HILLMAN SOLUTIONS CORP (HLMN) reported a net income of $40.3M in fiscal year 2025, with a net profit margin of 2.6%.
What is HILLMAN SOLUTIONS CORP's EBITDA?
HILLMAN SOLUTIONS CORP (HLMN) had EBITDA of $255.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does HILLMAN SOLUTIONS CORP have?
As of fiscal year 2025, HILLMAN SOLUTIONS CORP (HLMN) had $27.3M in cash and equivalents against $668.3M in long-term debt.
What is HILLMAN SOLUTIONS CORP's gross margin?
HILLMAN SOLUTIONS CORP (HLMN) had a gross margin of 48.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is HILLMAN SOLUTIONS CORP's operating margin?
HILLMAN SOLUTIONS CORP (HLMN) had an operating margin of 7.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is HILLMAN SOLUTIONS CORP's net profit margin?
HILLMAN SOLUTIONS CORP (HLMN) had a net profit margin of 2.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is HILLMAN SOLUTIONS CORP's return on equity (ROE)?
HILLMAN SOLUTIONS CORP (HLMN) has a return on equity of 3.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is HILLMAN SOLUTIONS CORP's free cash flow?
HILLMAN SOLUTIONS CORP (HLMN) generated $35.1M in free cash flow during fiscal year 2025. This represents a -64.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is HILLMAN SOLUTIONS CORP's operating cash flow?
HILLMAN SOLUTIONS CORP (HLMN) generated $105.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are HILLMAN SOLUTIONS CORP's total assets?
HILLMAN SOLUTIONS CORP (HLMN) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are HILLMAN SOLUTIONS CORP's capital expenditures?
HILLMAN SOLUTIONS CORP (HLMN) invested $70.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does HILLMAN SOLUTIONS CORP spend on research and development?
HILLMAN SOLUTIONS CORP (HLMN) invested $1.4M in research and development during fiscal year 2025.
What is HILLMAN SOLUTIONS CORP's current ratio?
HILLMAN SOLUTIONS CORP (HLMN) had a current ratio of 2.51 as of fiscal year 2025, which is generally considered healthy.
What is HILLMAN SOLUTIONS CORP's debt-to-equity ratio?
HILLMAN SOLUTIONS CORP (HLMN) had a debt-to-equity ratio of 0.54 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is HILLMAN SOLUTIONS CORP's return on assets (ROA)?
HILLMAN SOLUTIONS CORP (HLMN) had a return on assets of 1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is HILLMAN SOLUTIONS CORP's Altman Z-Score?
HILLMAN SOLUTIONS CORP (HLMN) has an Altman Z-Score of 1.75, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is HILLMAN SOLUTIONS CORP's Piotroski F-Score?
HILLMAN SOLUTIONS CORP (HLMN) has a Piotroski F-Score of 9 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are HILLMAN SOLUTIONS CORP's earnings high quality?
HILLMAN SOLUTIONS CORP (HLMN) has an earnings quality ratio of 2.61x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can HILLMAN SOLUTIONS CORP cover its interest payments?
HILLMAN SOLUTIONS CORP (HLMN) has an interest coverage ratio of 2.02x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is HILLMAN SOLUTIONS CORP?
HILLMAN SOLUTIONS CORP (HLMN) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.