Hillman Solutions (HLMN) financial statements
Hillman Solutions reported revenue of $1.6B in fiscal 2025, up 4.2% a year over 6 years.
Net income was $40M and the operating margin 7.3%, against 0.0% in 2019.
Free cash flow was $35M, and the company returned $12M in net buybacks.
The diluted share count rose 3204% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hillman Solutions's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.4B | $1.4B | $1.5B | $1.5B | $1.5B | $1.6B |
| Cost of revenue | $694M | $782M | $860M | $847M | $829M | $765M | $796M |
| Gross profit | $520M | $586M | $566M | $640M | $648M | $708M | $756M |
| Research and development | $2M | $3M | $2M | $2M | $3M | $1M | $1M |
| Selling, general and admin | $382M | $398M | $438M | $481M | $452M | $489M | $502M |
| Operating income | $0 | -$1M | $10M | $40M | $61M | $89M | $114M |
| Pre-tax income | $0 | -$29M | -$50M | -$15M | -$7M | $27M | $57M |
| Income tax | $0 | $0 | -$12M | $2M | $2M | $9M | $16M |
| Net income | $0 | -$29M | -$38M | -$16M | -$10M | $17M | $40M |
| EPS (diluted) | $0.00 | -$2.99 | -$0.28 | -$0.08 | -$0.05 | $0.09 | $0.20 |
| Diluted shares | 6M | 10M | 135M | 194M | 195M | 199M | 199M |
| Gross margin | 42.9% | 42.9% | 39.7% | 43.0% | 43.9% | 48.1% | 48.7% |
| Operating margin | 0.0% | -0.1% | 0.7% | 2.7% | 4.1% | 6.0% | 7.3% |
| Net margin | 0.0% | -2.1% | -2.7% | -1.1% | -0.6% | 1.2% | 2.6% |
Balance sheet
Fiscal years, from Hillman Solutions's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $0 | $1M | $15M | $31M | $39M | $45M | $27M |
| Receivables | — | $121M | $107M | $87M | $103M | $110M | $115M |
| Inventory | — | $392M | $534M | $489M | $383M | $404M | $486M |
| Total current assets | $0 | $1M | $668M | $632M | $548M | $573M | $646M |
| Property, plant and equipment | — | $183M | $174M | $190M | $201M | $224M | $231M |
| Goodwill | — | $816M | $825M | $824M | $825M | $829M | $831M |
| Total assets | $0 | $501M | $2.6B | $2.5B | $2.3B | $2.3B | $2.4B |
| Total current liabilities | $0 | $127,450 | $277M | $215M | $223M | $254M | $258M |
| Long-term debt | — | $1.5B | $907M | $885M | $732M | $692M | $668M |
| Total liabilities | $0 | $73M | $1.4B | $1.3B | $1.2B | $1.1B | $1.1B |
| Shareholders' equity | $0 | $5M | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B |
| Net debt | $0 | $1.5B | $892M | $854M | $693M | $647M | $641M |
Cash flow
Fiscal years, from Hillman Solutions's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $0 | -$1M | -$110M | $119M | $238M | $183M | $105M |
| Capital spending | $58M | $45M | $52M | $70M | $66M | $85M | $70M |
| Free cash flow | -$58M | -$47M | -$162M | $49M | $172M | $98M | $35M |
| Stock-based compensation | $3M | $5M | $15M | $14M | $12M | $13M | $14M |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$12M |
| Free cash flow margin | -4.8% | -3.4% | -11.3% | 3.3% | 11.7% | 6.7% | 2.3% |
Questions
What was Hillman Solutions's revenue in 2025?
$1.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Hillman Solutions generate?
$35M in fiscal 2025 (operating cash flow minus capital spending).
From Hillman Solutions's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.