Hillman Solutions (HLMN) Financials

$7.88 -0.06 (-0.76%)

Closing price 04:00 PM Eastern

Extended Trading

$7.88 0.00 (-0.06%)

As of 04:10 PM Eastern

Annual Income Statements for Hillman Solutions

This table shows Hillman Solutions' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Net Income / (Loss) Attributable to Common Shareholders	-85	-24	-38	-16	-9.59	17	40
Consolidated Net Income / (Loss)	-85	-24	-38	-16	-9.59	17	40
Net Income / (Loss) Continuing Operations	-85	-24	-38	-16	-9.59	17	40
Total Pre-Tax Income	-109	-34	-50	-15	-7.38	27	57
Total Operating Income	7.70	66	10	40	61	89	114
Total Gross Profit	520	586	566	640	648	708	756
Total Revenue	1,214	1,368	1,426	1,486	1,476	1,473	1,552
Operating Revenue	1,214	1,368	1,426	1,486	1,476	1,473	1,552
Total Cost of Revenue	694	782	860	847	829	765	796
Operating Cost of Revenue	694	782	860	847	829	765	796
Total Operating Expenses	513	521	556	600	587	619	642
Selling, General & Admin Expense	382	398	438	481	452	489	502
Depreciation Expense	66	67	59	58	59	69	80
Amortization Expense	59	59	61	62	62	61	61
Other Operating Expenses / (Income)	6.09	-4.67	-2.51	-1.12	13	0.36	-0.72
Total Other Income / (Expense), net	-116	-100	-60	-55	-68	-62	-57
Interest Expense	114	99	77	55	68	62	57
Income Tax Expense	-23	-9.44	-12	1.77	2.21	9.30	16
Basic Earnings per Share	-	($0.27)	($0.28)	($0.08)	($0.05)	$0.09	$0.20
Weighted Average Basic Shares Outstanding	6.04M	89.89M	134.70M	194.25M	194.72M	196.11M	197.45M
Diluted Earnings per Share	-	-	-	($0.08)	($0.05)	$0.09	$0.20
Weighted Average Diluted Shares Outstanding	6.04M	9.65M	194.04M	194.25M	194.72M	198.92M	199.48M
Weighted Average Basic & Diluted Shares Outstanding	6.04M	9.65M	194.04M	194.55M	195.18M	197.33M	196.59M

This table shows Hillman Solutions' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
Net Income / (Loss) Attributable to Common Shareholders	5.06	-10	-1.49	13	7.43	-1.22	-0.32	16	23	1.60	-4.73
Consolidated Net Income / (Loss)	5.06	-10	-1.49	13	7.43	-1.22	-0.32	16	23	1.60	-4.73
Net Income / (Loss) Continuing Operations	5.06	-10	-1.49	13	7.43	-1.22	-0.32	16	23	1.60	-4.73
Total Pre-Tax Income	18	-11	-1.98	18	12	-0.93	-0.35	22	31	3.31	-5.79
Total Operating Income	35	4.30	16	32	27	14	15	36	46	17	7.21
Total Gross Profit	176	163	167	185	190	167	169	194	220	174	169
Total Revenue	399	348	350	379	393	350	359	403	425	365	370
Operating Revenue	399	348	350	379	393	350	359	403	425	365	370
Total Cost of Revenue	223	185	183	195	204	183	191	208	205	191	201
Operating Cost of Revenue	223	185	183	195	204	183	191	208	205	191	201
Total Operating Expenses	142	158	151	153	163	153	154	158	174	157	161
Selling, General & Admin Expense	113	116	119	121	130	119	119	124	138	121	125
Depreciation Expense	14	14	16	16	18	18	19	20	20	21	22
Amortization Expense	16	16	15	15	15	15	15	15	15	15	15
Other Operating Expenses / (Income)	-1.82	12	0.41	0.47	-0.88	0.36	-0.27	-0.66	-0.05	0.27	-0.48
Total Other Income / (Expense), net	-17	-15	-18	-14	-15	-15	-15	-14	-15	-13	-13
Interest Expense	17	15	18	14	15	15	15	14	15	13	13
Income Tax Expense	13	-1.07	-0.48	5.11	4.37	0.29	-0.03	6.59	8.02	1.71	-1.06
Basic Earnings per Share	$0.03	($0.05)	($0.01)	$0.06	$0.04	-	$0.00	$0.08	$0.12	-	($0.02)
Weighted Average Basic Shares Outstanding	194.79M	194.72M	195.37M	196.08M	196.30M	196.11M	197.28M	197.59M	197.75M	197.45M	196.63M
Weighted Average Diluted Shares Outstanding	196.58M	194.72M	196.04M	196.22M	196.59M	198.92M	197.51M	197.64M	197.29M	199.48M	196.21M
Weighted Average Basic & Diluted Shares Outstanding	194.90M	195.18M	196.04M	196.22M	196.59M	197.33M	197.51M	197.64M	197.29M	196.59M	196.21M

This table details how cash moves in and out of Hillman Solutions' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Net Change in Cash & Equivalents	-8.26	1.55	-6.92	16	7.47	5.96	-17
Net Cash From Operating Activities	52	92	-110	119	238	183	105
Net Cash From Continuing Operating Activities	52	92	-110	119	238	183	105
Net Income / (Loss) Continuing Operations	-85	-24	-38	-16	-9.59	17	40
Consolidated Net Income / (Loss)	-85	-24	-38	-16	-9.59	17	40
Depreciation Expense	125	127	121	120	122	130	141
Amortization Expense	3.73	3.72	4.34	3.58	5.32	5.07	5.02
Non-Cash Adjustments To Reconcile Net Income	13	6.10	-9.32	13	37	24	14
Changes in Operating Assets and Liabilities, net	-3.36	-20	-188	-1.64	84	7.36	-96
Net Cash From Investing Activities	-53	-46	-90	-73	-68	-143	-70
Net Cash From Continuing Investing Activities	-53	-46	-90	-73	-68	-143	-70
Purchase of Property, Plant & Equipment	-58	-45	-52	-70	-66	-85	-70
Acquisitions	-6.14	-0.80	-39	-2.50	-1.70	-58	0.00
Other Investing Activities, net	-	0.00	0.00	-0.73	-0.38	-0.28	-0.25
Net Cash From Financing Activities	-7.05	-45	193	-29	-162	-39	-52
Net Cash From Continuing Financing Activities	-7.05	-45	193	-29	-162	-39	-52
Repayment of Debt	-51	-151	-1,833	-274	-339	-222	-166
Repurchase of Common Equity	-	-	-	-	0.00	0.00	-12
Issuance of Debt	44	99	1,206	244	178	177	131
Other Financing Activities, net	0.85	6.50	457	1.14	-1.48	5.72	-4.74
Effect of Exchange Rate Changes	-0.08	0.65	0.46	-0.99	-0.74	5.29	0.15

This table details how cash moves in and out of Hillman Solutions' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
Net Change in Cash & Equivalents	1.61	-0.71	-7.88	23	5.80	-15	-8.20	-2.12	3.54	-10	0.46
Net Cash From Operating Activities	56	67	12	65	64	43	-0.66	49	26	31	-20
Net Cash From Continuing Operating Activities	56	67	12	65	64	43	-0.66	49	26	31	-20
Net Income / (Loss) Continuing Operations	5.06	-10	-1.49	13	7.43	-1.22	-0.32	16	23	1.60	-4.73
Consolidated Net Income / (Loss)	5.06	-10	-1.49	13	7.43	-1.22	-0.32	16	23	1.60	-4.73
Depreciation Expense	30	30	32	32	33	34	35	35	35	36	37
Amortization Expense	1.33	1.33	1.33	1.22	1.26	1.26	1.26	1.25	1.26	1.25	1.25
Non-Cash Adjustments To Reconcile Net Income	4.01	27	4.34	2.34	13	4.60	3.14	-0.04	7.50	3.72	4.02
Changes in Operating Assets and Liabilities, net	16	18	-24	17	9.00	4.91	-40	-3.45	-41	-11	-57
Net Cash From Investing Activities	-15	-15	-42	-22	-58	-21	-21	-18	-17	-15	-15
Net Cash From Continuing Investing Activities	-15	-15	-42	-22	-58	-21	-21	-18	-17	-15	-15
Purchase of Property, Plant & Equipment	-15	-14	-18	-22	-24	-21	-21	-18	-17	-15	-15
Other Investing Activities, net	-0.09	-0.07	-0.07	-0.09	-0.06	-0.07	-0.07	-0.04	-0.05	-0.10	-0.06
Net Cash From Financing Activities	-42	-50	20	-20	0.88	-41	14	-35	-5.17	-27	35
Net Cash From Continuing Financing Activities	-42	-50	20	-20	0.88	-41	14	-35	-5.17	-27	35
Repayment of Debt	-156	-56	-30	-39	-13	-141	-47	-51	-31	-38	-27
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	-	-9.26	-10
Issuance of Debt	114	6.00	45	20	12	100	62	17	30	22	72
Other Financing Activities, net	0.29	-0.21	4.95	-0.46	1.56	-0.33	-1.04	-1.26	-0.88	-1.56	-0.08
Effect of Exchange Rate Changes	2.18	-1.96	1.81	0.42	-0.64	3.69	-1.21	1.54	-0.30	0.13	0.13
Cash Interest Paid	14	-	11	11	7.98	-	14	15	11	-	9.99
Cash Income Taxes Paid	2.43	-	0.87	2.42	4.68	-	2.02	6.63	1.21	-	1.04

This table presents Hillman Solutions' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Total Assets	0.00	2,469	2,563	2,471	2,331	2,331	2,356
Total Current Assets	0.00	554	668	632	548	573	646
Cash & Equivalents	0.00	22	15	31	39	45	27
Accounts Receivable	-	121	107	87	103	110	115
Inventories, net	-	392	534	489	383	404	486
Other Current Assets	-	19	13	24	23	15	18
Plant, Property, & Equipment, net	0.00	183	174	190	201	224	231
Total Noncurrent Assets	0.00	1,732	1,720	1,649	1,583	1,533	1,478
Goodwill	-	816	825	824	825	829	831
Intangible Assets	-	826	795	734	655	606	546
Other Noncurrent Operating Assets	0.00	88	99	91	102	99	101
Total Liabilities & Shareholders' Equity	0.00	2,469	2,563	2,471	2,331	2,331	2,356
Total Liabilities	0.00	2,104	1,413	1,314	1,177	1,148	1,128
Total Current Liabilities	0.00	312	277	215	223	254	258
Short-Term Debt	-	11	11	11	9.95	13	15
Accounts Payable	0.00	201	186	132	140	139	142
Accrued Expenses	-	38	52	39	29	39	38
Current Deferred & Payable Income Tax Liabilities	-	5.99	4.83	5.30	6.47	10	9.47
Current Employee Benefit Liabilities	-	30	8.61	16	23	35	36
Other Current Liabilities	-	12	13	12	14	17	18
Total Noncurrent Liabilities	0.00	1,792	1,136	1,099	953	894	870
Long-Term Debt	-	1,536	907	885	732	692	668
Noncurrent Deferred & Payable Income Tax Liabilities	-	156	138	140	132	125	132
Other Noncurrent Operating Liabilities	0.00	100	91	74	90	78	70
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.00	365	1,150	1,157	1,155	1,182	1,229
Total Preferred & Common Equity	0.00	365	1,150	1,157	1,155	1,182	1,229
Total Common Equity	0.00	365	1,150	1,157	1,155	1,182	1,229
Common Stock	0.00	566	1,387	1,404	1,419	1,443	1,457
Retained Earnings	0.00	-172	-210	-227	-236	-219	-179
Treasury Stock	-	-	-	-	-	0.00	-12
Accumulated Other Comprehensive Income / (Loss)	-	-29	-27	-21	-28	-42	-38

This table presents Hillman Solutions' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/24/2022	4/1/2023	7/1/2023	9/30/2023	3/30/2024	6/29/2024	9/28/2024	3/29/2025	6/28/2025	9/27/2025	3/28/2026
Total Assets	2,575	2,487	2,470	2,412	2,366	2,385	2,398	2,331	2,357	2,397	2,361
Total Current Assets	716	637	637	596	587	618	624	584	624	671	670
Cash & Equivalents	29	35	38	39	31	54	60	36	34	38	28
Accounts Receivable	126	121	130	130	127	131	130	134	141	145	139
Inventories, net	535	451	430	397	404	412	419	397	428	460	483
Other Current Assets	26	30	39	30	25	21	16	17	21	28	20
Plant, Property, & Equipment, net	181	192	192	200	205	212	222	233	235	235	225
Total Noncurrent Assets	1,678	1,658	1,641	1,616	1,574	1,555	1,551	1,514	1,498	1,491	1,467
Goodwill	824	824	825	824	828	827	829	829	831	830	830
Intangible Assets	749	719	704	688	643	628	623	591	576	561	531
Other Noncurrent Operating Assets	105	115	111	103	102	100	100	94	91	100	105
Total Liabilities & Shareholders' Equity	2,575	2,487	2,470	2,412	2,366	2,385	2,398	2,331	2,357	2,397	2,361
Total Liabilities	1,408	1,341	1,313	1,252	1,205	1,211	1,216	1,149	1,150	1,167	1,145
Total Current Liabilities	269	222	254	233	236	267	269	237	273	273	227
Short-Term Debt	13	11	11	11	10	11	13	14	14	15	15
Accounts Payable	151	143	177	159	157	171	166	151	169	162	140
Accrued Expenses	67	35	33	34	31	31	37	33	37	36	34
Current Deferred & Payable Income Tax Liabilities	3.73	5.21	6.29	5.79	5.98	10	7.70	8.58	11	7.32	8.43
Current Employee Benefit Liabilities	16	14	12	9.19	16	28	30	14	24	34	10
Other Current Liabilities	13	13	13	14	15	15	16	17	17	18	19
Total Noncurrent Liabilities	1,139	1,119	1,059	1,019	969	944	947	911	876	894	918
Long-Term Debt	914	878	819	780	751	732	731	713	683	683	714
Noncurrent Deferred & Payable Income Tax Liabilities	141	138	140	142	132	130	130	124	123	136	132
Other Noncurrent Operating Liabilities	84	103	100	97	86	82	86	74	70	75	72
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,167	1,146	1,158	1,160	1,161	1,174	1,181	1,182	1,207	1,230	1,216
Total Preferred & Common Equity	1,167	1,146	1,158	1,160	1,161	1,174	1,181	1,182	1,207	1,230	1,216
Total Common Equity	1,167	1,146	1,158	1,160	1,161	1,174	1,181	1,182	1,207	1,230	1,216
Common Stock	1,400	1,407	1,411	1,415	1,427	1,432	1,438	1,444	1,449	1,453	1,460
Retained Earnings	-213	-236	-231	-226	-238	-225	-218	-219	-203	-180	-183
Treasury Stock	-	-	-	-	-	-	-	-	-	-3.17	-23
Accumulated Other Comprehensive Income / (Loss)	-21	-25	-22	-29	-28	-32	-39	-43	-38	-40	-38

This table displays calculated financial ratios and metrics derived from Hillman Solutions' official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	12.68%	4.21%	4.23%	-0.66%	-0.26%	5.41%
EBITDA Growth	0.00%	46.80%	-22.47%	7.70%	14.93%	19.17%	16.16%
EBIT Growth	0.00%	1,181.01%	-58.98%	49.23%	52.73%	45.75%	28.34%
NOPAT Growth	0.00%	754.66%	-84.32%	286.79%	52.73%	35.31%	40.65%
Net Income Growth	0.00%	71.34%	-56.46%	57.12%	41.66%	279.95%	133.58%
EPS Growth	0.00%	0.00%	0.00%	0.00%	37.50%	280.00%	122.22%
Operating Cash Flow Growth	0.00%	75.86%	-219.74%	207.94%	100.01%	-22.98%	-42.63%
Free Cash Flow Firm Growth	0.00%	0.00%	92.21%	142.37%	236.95%	-64.77%	-45.97%
Invested Capital Growth	0.00%	0.00%	7.98%	-1.62%	-8.11%	-0.81%	2.27%
Revenue Q/Q Growth	0.00%	0.00%	-30.48%	0.42%	-0.19%	0.12%	1.01%
EBITDA Q/Q Growth	0.00%	0.00%	-8.81%	5.29%	-0.57%	6.29%	1.94%
EBIT Q/Q Growth	0.00%	0.00%	-31.42%	15.66%	0.96%	12.26%	2.46%
NOPAT Q/Q Growth	0.00%	0.00%	-75.82%	-37.37%	0.96%	41.69%	1.92%
Net Income Q/Q Growth	0.00%	0.00%	51.28%	-509.88%	28.59%	104.98%	7.52%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	-23.23%	-36.43%	104.20%	4.74%	-11.32%	-10.43%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	191.34%	3.15%	-16.39%	-26.76%
Invested Capital Q/Q Growth	0.00%	0.00%	4.97%	-2.31%	-2.81%	-1.21%	-0.35%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	42.86%	42.86%	39.72%	43.04%	43.86%	48.07%	48.73%
EBITDA Margin	10.98%	14.31%	10.65%	11.00%	12.73%	15.20%	16.76%
Operating Margin	0.63%	4.81%	0.72%	2.68%	4.13%	6.03%	7.34%
EBIT Margin	0.42%	4.76%	1.87%	2.68%	4.13%	6.03%	7.34%
Profit (Net Income) Margin	-7.04%	-1.79%	-2.69%	-1.11%	-0.65%	1.17%	2.60%
Tax Burden Percent	78.60%	72.19%	76.49%	112.06%	129.90%	64.99%	71.22%
Interest Burden Percent	-2,137.92%	-52.08%	-187.47%	-36.77%	-12.12%	29.90%	49.66%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	35.01%	28.78%
Return on Invested Capital (ROIC)	0.00%	4.84%	0.36%	1.37%	2.20%	3.12%	4.36%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-4.33%	-3.36%	-3.64%	-4.46%	-2.82%	-1.85%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-18.28%	-5.43%	-2.80%	-3.03%	-1.64%	-1.01%
Return on Equity (ROE)	0.00%	-13.44%	-5.06%	-1.43%	-0.83%	1.48%	3.34%
Cash Return on Invested Capital (CROIC)	0.00%	-195.16%	-7.31%	3.01%	10.65%	3.93%	2.11%
Operating Return on Assets (OROA)	0.00%	5.28%	1.06%	1.59%	2.54%	3.81%	4.86%
Return on Assets (ROA)	0.00%	-1.98%	-1.52%	-0.65%	-0.40%	0.74%	1.72%
Return on Common Equity (ROCE)	0.00%	-13.44%	-5.06%	-1.43%	-0.83%	1.48%	3.34%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-6.72%	-3.33%	-1.42%	-0.83%	1.46%	0.00%
Net Operating Profit after Tax (NOPAT)	5.39	46	7.22	28	43	58	81
NOPAT Margin	0.44%	3.36%	0.51%	1.88%	2.89%	3.92%	5.23%
Net Nonoperating Expense Percent (NNEP)	0.00%	9.17%	3.73%	5.01%	6.66%	5.93%	6.21%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	1.36%	2.25%	3.06%	4.25%
Cost of Revenue to Revenue	57.14%	57.14%	60.28%	56.96%	56.14%	51.93%	51.27%
SG&A Expenses to Revenue	31.47%	29.12%	30.71%	32.36%	30.62%	33.19%	32.34%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	42.23%	38.06%	39.00%	40.36%	39.73%	42.04%	41.38%
Earnings before Interest and Taxes (EBIT)	5.09	65	27	40	61	89	114
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	133	196	152	163	188	224	260
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.81	1.71	2.34	3.10	3.24	2.91
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.41	0.48	1.38	1.82	2.43	2.60	2.30
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	222.26	88.64
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.45%	1.13%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.15	1.40	1.77	2.31	2.44	2.24
Enterprise Value to Revenue (EV/Rev)	0.41	1.60	2.01	2.40	2.90	3.05	2.72
Enterprise Value to EBITDA (EV/EBITDA)	3.75	11.16	18.93	21.84	22.82	20.08	16.26
Enterprise Value to EBIT (EV/EBIT)	98.29	33.53	107.46	89.51	70.38	50.62	37.10
Enterprise Value to NOPAT (EV/NOPAT)	92.82	47.46	397.91	127.88	100.54	77.90	52.10
Enterprise Value to Operating Cash Flow (EV/OCF)	9.55	23.73	0.00	30.01	18.01	24.52	40.20
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	58.25	20.76	61.76	107.52
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	4.24	0.80	0.77	0.64	0.60	0.56
Long-Term Debt to Equity	0.00	4.21	0.79	0.76	0.63	0.59	0.54
Financial Leverage	0.00	4.22	1.61	0.77	0.68	0.58	0.55
Leverage Ratio	0.00	6.77	3.32	2.18	2.08	1.99	1.94
Compound Leverage Factor	0.00	-3.53	-6.23	-0.80	-0.25	0.60	0.97
Debt to Total Capital	0.00%	80.93%	44.39%	43.63%	39.11%	37.34%	35.74%
Short-Term Debt to Total Capital	0.00%	0.60%	0.55%	0.52%	0.52%	0.69%	0.78%
Long-Term Debt to Total Capital	0.00%	80.33%	43.84%	43.11%	38.59%	36.66%	34.96%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	19.07%	55.61%	56.37%	60.89%	62.66%	64.26%
Debt to EBITDA	0.00	7.90	6.05	5.48	3.95	3.15	2.63
Net Debt to EBITDA	0.00	7.79	5.95	5.29	3.74	2.95	2.52
Long-Term Debt to EBITDA	0.00	7.84	5.97	5.41	3.89	3.09	2.57
Debt to NOPAT	0.00	33.60	127.14	32.06	17.39	12.21	8.42
Net Debt to NOPAT	0.00	33.14	125.12	30.94	16.49	11.44	8.08
Long-Term Debt to NOPAT	0.00	33.35	125.56	31.68	17.16	11.99	8.23
Altman Z-Score	0.00	0.85	1.50	1.96	2.57	2.79	2.81
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	1.78	2.41	2.93	2.46	2.26	2.51
Quick Ratio	0.00	0.46	0.44	0.55	0.64	0.61	0.55
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,857	-145	61	207	73	39
Operating Cash Flow to CapEx	110.57%	203.38%	-213.87%	171.02%	361.93%	215.14%	150.05%
Free Cash Flow to Firm to Interest Expense	0.00	-18.67	-1.88	1.12	3.02	1.17	0.69
Operating Cash Flow to Interest Expense	0.46	0.93	-1.43	2.18	3.48	2.95	1.83
Operating Cash Flow Less CapEx to Interest Expense	0.04	0.47	-2.10	0.91	2.52	1.58	0.61
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	1.11	0.57	0.59	0.62	0.63	0.66
Accounts Receivable Turnover	0.00	0.00	12.48	15.31	15.50	13.81	13.82
Inventory Turnover	0.00	0.00	1.86	1.66	1.90	1.94	1.79
Fixed Asset Turnover	0.00	0.00	7.99	8.15	7.56	6.93	6.81
Accounts Payable Turnover	0.00	0.00	4.44	5.33	6.09	5.47	5.67
Days Sales Outstanding (DSO)	0.00	0.00	29.24	23.84	23.54	26.43	26.42
Days Inventory Outstanding (DIO)	0.00	0.00	196.44	220.51	191.98	187.68	203.99
Days Payable Outstanding (DPO)	0.00	0.00	82.29	68.53	59.89	66.67	64.37
Cash Conversion Cycle (CCC)	0.00	0.00	143.38	175.82	155.64	147.44	166.04
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	1,903	2,055	2,022	1,858	1,843	1,884
Invested Capital Turnover	0.00	1.44	0.72	0.73	0.76	0.80	0.83
Increase / (Decrease) in Invested Capital	0.00	1,903	152	-33	-164	-15	42
Enterprise Value (EV)	500	2,185	2,873	3,571	4,288	4,495	4,229
Market Capitalization	500	659	1,969	2,707	3,585	3,835	3,573
Book Value per Share	$0.00	$5.66	$6.13	$3.08	$2.97	$3.02	$3.13
Tangible Book Value per Share	$0.00	($19.85)	($2.51)	($1.07)	($0.84)	($0.64)	($0.38)
Total Capital	0.00	1,912	2,068	2,052	1,896	1,887	1,912
Total Debt	0.00	1,547	918	895	742	705	683
Total Long-Term Debt	0.00	1,536	907	885	732	692	668
Net Debt	0.00	1,525	903	864	703	660	656
Capital Expenditures (CapEx)	47	45	52	70	66	85	70
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	232	388	396	296	288	376
Debt-free Net Working Capital (DFNWC)	0.00	253	402	427	335	332	404
Net Working Capital (NWC)	0.00	242	391	416	325	319	389
Net Nonoperating Expense (NNE)	91	71	46	44	52	40	41
Net Nonoperating Obligations (NNO)	0.00	1,538	905	865	703	660	656
Total Depreciation and Amortization (D&A)	128	131	125	124	127	135	146
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	16.94%	27.20%	26.62%	20.07%	19.55%	24.25%
Debt-free Net Working Capital to Revenue	0.00%	18.51%	28.22%	28.71%	22.68%	22.57%	26.01%
Net Working Capital to Revenue	0.00%	17.67%	27.42%	28.00%	22.00%	21.69%	25.06%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	($0.08)	($0.05)	$0.09	$0.20
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	194.04M	194.25M	194.72M	196.11M	197.45M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.09	$0.20
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	194.04M	194.55M	195.18M	198.92M	199.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	194.04M	194.55M	195.18M	197.33M	196.59M
Normalized Net Operating Profit after Tax (NOPAT)	5.39	46	7.22	28	43	58	81
Normalized NOPAT Margin	0.44%	3.36%	0.51%	1.88%	2.89%	3.92%	5.23%
Pre Tax Income Margin	-8.96%	-2.48%	-3.51%	-0.99%	-0.50%	1.80%	3.65%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	0.04	0.66	0.35	0.73	0.89	1.43	1.99
NOPAT to Interest Expense	0.05	0.46	0.09	0.51	0.62	0.93	1.41
EBIT Less CapEx to Interest Expense	-0.37	0.20	-0.32	-0.54	-0.07	0.06	0.76
NOPAT Less CapEx to Interest Expense	-0.37	0.01	-0.58	-0.76	-0.34	-0.44	0.19
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	30.82%

This table displays calculated financial ratios and metrics derived from Hillman Solutions' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	196,590,905.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	196,590,905.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.02
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.39%	-0.81%	0.17%	-0.15%	-1.42%	0.50%	2.58%	6.16%	8.05%	4.46%	2.99%
EBITDA Growth	127.32%	-2.95%	41.87%	24.94%	-6.99%	37.24%	3.77%	12.93%	34.25%	10.14%	-10.45%
EBIT Growth	7,837.64%	15.59%	1,397.15%	51.88%	-22.53%	225.51%	-7.91%	14.98%	70.56%	19.55%	-51.95%
NOPAT Growth	3,203.08%	15.59%	1,397.15%	-35.40%	73.76%	225.51%	-7.91%	14.29%	101.27%	-17.55%	-51.95%
Net Income Growth	153.42%	27.63%	83.66%	175.80%	47.00%	87.85%	78.75%	26.30%	211.97%	230.77%	-1,392.74%
EPS Growth	160.00%	0.00%	80.00%	200.00%	33.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	16.45%	19.32%	-62.94%	-22.43%	12.90%	-35.17%	-105.61%	-24.83%	-58.82%	-28.40%	-2,882.14%
Free Cash Flow Firm Growth	249.76%	363.88%	28.65%	-41.40%	-62.29%	-85.10%	-74.47%	-81.82%	-87.08%	-235.73%	-228.77%
Invested Capital Growth	-7.64%	-8.11%	-5.40%	-4.44%	-2.42%	-0.81%	-1.06%	0.31%	1.39%	2.27%	2.37%
Revenue Q/Q Growth	4.98%	-12.82%	0.72%	8.31%	3.65%	-11.12%	2.80%	12.09%	5.50%	-14.07%	1.35%
EBITDA Q/Q Growth	28.31%	-46.14%	38.28%	30.73%	-4.48%	-20.52%	4.56%	42.27%	13.55%	-34.80%	-14.99%
EBIT Q/Q Growth	67.05%	-87.62%	279.16%	93.73%	-14.79%	-47.99%	7.27%	141.87%	26.40%	-63.55%	-56.89%
NOPAT Q/Q Growth	-71.91%	-69.14%	279.16%	96.57%	-24.46%	-42.19%	7.27%	143.94%	33.03%	-76.32%	-37.49%
Net Income Q/Q Growth	11.27%	-298.91%	85.17%	940.15%	-40.69%	-116.44%	74.06%	5,094.32%	46.49%	-93.11%	-396.12%
EPS Q/Q Growth	50.00%	-266.67%	0.00%	700.00%	-33.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-32.45%	17.95%	-82.46%	454.98%	-1.68%	-32.27%	-101.52%	7,536.18%	-46.13%	17.76%	-163.22%
Free Cash Flow Firm Q/Q Growth	-9.88%	-0.50%	-28.40%	-8.73%	-42.00%	-60.69%	22.69%	-35.00%	-58.80%	-513.10%	-16.40%
Invested Capital Q/Q Growth	-2.01%	-2.81%	1.90%	-1.53%	0.06%	-1.21%	1.64%	-0.17%	1.14%	-0.35%	1.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.19%	46.72%	47.64%	48.69%	48.21%	47.68%	46.92%	48.28%	51.67%	47.58%	45.55%
EBITDA Margin	16.57%	10.24%	14.05%	16.96%	15.63%	13.98%	14.22%	18.04%	19.42%	14.74%	12.36%
Operating Margin	8.71%	1.24%	4.65%	8.32%	6.84%	4.00%	4.18%	9.02%	10.80%	4.58%	1.95%
EBIT Margin	8.71%	1.24%	4.65%	8.32%	6.84%	4.00%	4.18%	9.02%	10.80%	4.58%	1.95%
Profit (Net Income) Margin	1.27%	-2.89%	-0.43%	3.30%	1.89%	-0.35%	-0.09%	3.93%	5.46%	0.44%	-1.28%
Tax Burden Percent	28.07%	90.38%	75.54%	71.02%	62.97%	131.68%	90.31%	70.60%	74.30%	48.28%	81.71%
Interest Burden Percent	51.85%	-258.84%	-12.11%	55.88%	43.87%	-6.63%	-2.34%	61.75%	67.99%	19.78%	-80.27%
Effective Tax Rate	71.93%	0.00%	0.00%	28.98%	37.03%	0.00%	0.00%	29.40%	25.70%	51.72%	0.00%
Return on Invested Capital (ROIC)	1.82%	0.66%	2.47%	4.58%	3.36%	2.23%	2.30%	5.13%	6.57%	1.84%	1.13%
ROIC Less NNEP Spread (ROIC-NNEP)	1.25%	-1.01%	0.84%	3.24%	2.03%	0.61%	0.78%	3.68%	4.94%	0.86%	-0.28%
Return on Net Nonoperating Assets (RNNOA)	0.89%	-0.68%	0.58%	2.06%	1.25%	0.36%	0.47%	2.09%	2.76%	0.47%	-0.16%
Return on Equity (ROE)	2.71%	-0.03%	3.05%	6.64%	4.60%	2.59%	2.77%	7.22%	9.32%	2.31%	0.96%
Cash Return on Invested Capital (CROIC)	10.06%	10.65%	4.55%	5.76%	4.61%	3.93%	4.10%	2.95%	2.86%	2.11%	1.59%
Operating Return on Assets (OROA)	5.17%	0.76%	2.83%	5.06%	4.19%	2.53%	2.64%	5.72%	6.92%	3.04%	1.30%
Return on Assets (ROA)	0.75%	-1.78%	-0.26%	2.01%	1.16%	-0.22%	-0.06%	2.50%	3.50%	0.29%	-0.85%
Return on Common Equity (ROCE)	2.71%	-0.03%	3.05%	6.64%	4.60%	2.59%	2.77%	7.22%	9.32%	2.31%	0.96%
Return on Equity Simple (ROE_SIMPLE)	-1.16%	0.00%	-0.17%	0.51%	0.71%	0.00%	1.56%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	9.75	3.01	11	22	17	9.80	11	26	34	8.08	5.05
NOPAT Margin	2.44%	0.87%	3.26%	5.91%	4.31%	2.80%	2.92%	6.37%	8.03%	2.21%	1.36%
Net Nonoperating Expense Percent (NNEP)	0.57%	1.67%	1.63%	1.34%	1.33%	1.62%	1.52%	1.45%	1.62%	0.98%	1.41%
Return On Investment Capital (ROIC_SIMPLE)	-	0.16%	-	-	-	0.52%	0.55%	1.35%	1.77%	0.42%	0.26%
Cost of Revenue to Revenue	55.81%	53.28%	52.36%	51.31%	51.79%	52.32%	53.08%	51.72%	48.33%	52.42%	54.45%
SG&A Expenses to Revenue	28.41%	33.42%	33.85%	31.93%	33.12%	33.96%	33.13%	30.71%	32.56%	33.11%	33.66%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	35.48%	45.49%	42.98%	40.37%	41.36%	43.68%	42.74%	39.26%	40.87%	42.99%	43.60%
Earnings before Interest and Taxes (EBIT)	35	4.30	16	32	27	14	15	36	46	17	7.21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	66	36	49	64	61	49	51	73	83	54	46
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.77	3.10	3.57	2.94	3.51	3.24	1.45	2.33	2.94	2.91	1.32
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.17	2.43	2.80	2.34	2.82	2.60	1.16	1.87	2.35	2.30	1.03
Price to Earnings (P/E)	0.00	0.00	0.00	572.06	492.18	222.26	93.04	129.26	96.32	88.64	44.75
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.17%	0.20%	0.45%	1.07%	0.77%	1.04%	1.13%	2.23%
Enterprise Value to Invested Capital (EV/IC)	2.07	2.31	2.57	2.22	2.59	2.44	1.28	1.86	2.26	2.24	1.20
Enterprise Value to Revenue (EV/Rev)	2.68	2.90	3.30	2.81	3.28	3.05	1.62	2.31	2.78	2.72	1.48
Enterprise Value to EBITDA (EV/EBITDA)	20.96	22.82	24.07	19.26	22.92	20.08	10.66	14.83	16.74	16.26	9.06
Enterprise Value to EBIT (EV/EBIT)	65.63	70.38	63.99	47.68	61.02	50.62	27.49	37.63	38.40	37.10	21.73
Enterprise Value to NOPAT (EV/NOPAT)	93.75	100.54	0.00	178.06	118.52	77.90	42.03	57.07	53.64	52.10	30.98
Enterprise Value to Operating Cash Flow (EV/OCF)	17.43	18.01	22.33	20.78	23.35	24.52	14.07	22.41	36.37	40.20	26.73
Enterprise Value to Free Cash Flow (EV/FCFF)	19.78	20.76	54.95	37.71	55.45	61.76	31.14	63.09	79.54	107.52	76.55
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.68	0.64	0.66	0.63	0.63	0.60	0.62	0.58	0.57	0.56	0.60
Long-Term Debt to Equity	0.67	0.63	0.65	0.62	0.62	0.59	0.60	0.57	0.56	0.54	0.59
Financial Leverage	0.71	0.68	0.69	0.64	0.61	0.58	0.61	0.57	0.56	0.55	0.58
Leverage Ratio	2.14	2.08	2.10	2.08	2.05	1.99	2.00	1.99	1.99	1.94	1.96
Compound Leverage Factor	1.11	-5.38	-0.25	1.16	0.90	-0.13	-0.05	1.23	1.35	0.38	-1.57
Debt to Total Capital	40.54%	39.11%	39.60%	38.77%	38.64%	37.34%	38.09%	36.61%	36.22%	35.74%	37.48%
Short-Term Debt to Total Capital	0.55%	0.52%	0.52%	0.60%	0.68%	0.69%	0.72%	0.73%	0.80%	0.78%	0.77%
Long-Term Debt to Total Capital	40.00%	38.59%	39.08%	38.17%	37.96%	36.66%	37.37%	35.88%	35.42%	34.96%	36.71%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	59.46%	60.89%	60.40%	61.23%	61.36%	62.66%	61.91%	63.39%	63.78%	64.26%	62.52%
Debt to EBITDA	4.18	3.95	3.76	3.45	3.53	3.15	3.22	2.98	2.74	2.63	2.86
Net Debt to EBITDA	3.98	3.74	3.61	3.20	3.25	2.95	3.06	2.83	2.59	2.52	2.75
Long-Term Debt to EBITDA	4.13	3.89	3.71	3.40	3.47	3.09	3.16	2.92	2.68	2.57	2.80
Debt to NOPAT	18.72	17.39	-39.15	31.94	18.26	12.21	12.70	11.46	8.77	8.42	9.79
Net Debt to NOPAT	17.79	16.49	-37.57	29.62	16.79	11.44	12.07	10.90	8.30	8.08	9.41
Long-Term Debt to NOPAT	18.47	17.16	-38.63	31.45	17.94	11.99	12.46	11.23	8.58	8.23	9.59
Altman Z-Score	2.25	2.49	2.75	2.42	2.74	2.69	1.60	2.21	2.65	2.68	1.63
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.55	2.46	2.49	2.32	2.32	2.26	2.46	2.28	2.46	2.51	2.95
Quick Ratio	0.72	0.64	0.67	0.69	0.70	0.61	0.72	0.64	0.67	0.55	0.73
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	168	167	120	109	63	25	31	20	8.17	-34	-39
Operating Cash Flow to CapEx	373.32%	488.53%	65.75%	290.34%	264.16%	205.25%	-3.17%	278.06%	152.79%	209.42%	-131.85%
Free Cash Flow to Firm to Interest Expense	10.03	10.82	6.54	7.83	4.19	1.67	1.99	1.43	0.56	-2.51	-3.02
Operating Cash Flow to Interest Expense	3.37	4.31	0.64	4.65	4.22	2.89	-0.04	3.51	1.79	2.30	-1.50
Operating Cash Flow Less CapEx to Interest Expense	2.47	3.43	-0.33	3.05	2.62	1.48	-1.39	2.25	0.62	1.20	-2.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.59	0.62	0.61	0.61	0.61	0.63	0.63	0.63	0.64	0.66	0.67
Accounts Receivable Turnover	11.56	15.50	11.89	11.32	11.34	13.81	11.33	11.08	11.19	13.82	11.45
Inventory Turnover	1.81	1.90	1.89	1.87	1.88	1.94	1.93	1.87	1.79	1.79	1.83
Fixed Asset Turnover	7.76	7.56	7.44	7.29	6.97	6.93	6.77	6.73	6.73	6.81	6.83
Accounts Payable Turnover	5.43	6.09	5.38	4.53	4.72	5.47	5.02	4.62	4.80	5.67	5.55
Days Sales Outstanding (DSO)	31.56	23.54	30.70	32.23	32.18	26.43	32.22	32.94	32.61	26.42	31.88
Days Inventory Outstanding (DIO)	202.02	191.98	193.13	195.48	194.24	187.68	189.34	195.02	203.86	203.99	199.15
Days Payable Outstanding (DPO)	67.18	59.89	67.78	80.65	77.35	66.67	72.69	78.99	76.07	64.37	65.72
Cash Conversion Cycle (CCC)	166.40	155.64	156.05	147.06	149.07	147.44	148.88	148.98	160.40	166.04	165.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,911	1,858	1,893	1,864	1,865	1,843	1,873	1,870	1,891	1,884	1,917
Invested Capital Turnover	0.74	0.76	0.76	0.77	0.78	0.80	0.79	0.81	0.82	0.83	0.82
Increase / (Decrease) in Invested Capital	-158	-164	-108	-87	-46	-15	-20	5.81	26	42	44
Enterprise Value (EV)	3,961	4,288	4,872	4,145	4,827	4,495	2,406	3,471	4,271	4,229	2,307
Market Capitalization	3,209	3,585	4,141	3,456	4,143	3,835	1,715	2,808	3,610	3,573	1,606
Book Value per Share	$2.98	$2.97	$5.94	$3.01	$3.02	$3.02	$5.99	$3.07	$3.12	$3.13	$6.19
Tangible Book Value per Share	($0.91)	($0.84)	($1.59)	($0.72)	($0.69)	($0.64)	($1.20)	($0.51)	($0.41)	($0.38)	($0.74)
Total Capital	1,950	1,896	1,923	1,918	1,925	1,887	1,909	1,904	1,929	1,912	1,945
Total Debt	791	742	761	744	744	705	727	697	699	683	729
Total Long-Term Debt	780	732	751	732	731	692	713	683	683	668	714
Net Debt	751	703	731	689	684	660	691	663	661	656	701
Capital Expenditures (CapEx)	15	14	18	22	24	21	21	18	17	15	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	334	296	330	309	309	288	324	330	376	376	430
Debt-free Net Working Capital (DFNWC)	373	335	361	363	368	332	361	364	413	404	458
Net Working Capital (NWC)	362	325	351	351	355	319	347	350	398	389	443
Net Nonoperating Expense (NNE)	4.70	13	13	9.90	9.51	11	11	9.81	11	6.48	9.78
Net Nonoperating Obligations (NNO)	752	703	732	689	684	660	691	663	661	656	701
Total Depreciation and Amortization (D&A)	31	31	33	33	35	35	36	36	37	37	39
Debt-free, Cash-free Net Working Capital to Revenue	22.56%	20.07%	22.37%	20.90%	20.98%	19.55%	21.89%	21.93%	24.45%	24.25%	27.51%
Debt-free Net Working Capital to Revenue	25.22%	22.68%	24.45%	24.56%	25.04%	22.57%	24.34%	24.20%	26.90%	26.01%	29.28%
Net Working Capital to Revenue	24.49%	22.00%	23.77%	23.79%	24.16%	21.69%	23.42%	23.28%	25.90%	25.06%	28.33%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.03	($0.05)	($0.01)	$0.06	$0.04	$0.00	$0.00	$0.08	$0.12	$0.00	($0.02)
Adjusted Weighted Average Basic Shares Outstanding	194.79M	194.72M	195.37M	196.08M	196.30M	196.11M	197.28M	197.59M	197.75M	197.45M	196.63M
Adjusted Diluted Earnings per Share	$0.03	($0.05)	($0.01)	$0.06	$0.04	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	196.58M	194.72M	195.37M	198.42M	199.03M	198.92M	197.51M	197.64M	197.29M	199.48M	196.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	194.90M	195.18M	196.04M	196.22M	196.59M	197.33M	197.51M	197.64M	197.29M	196.59M	196.21M
Normalized Net Operating Profit after Tax (NOPAT)	24	3.01	11	22	17	9.80	11	26	34	12	5.05
Normalized NOPAT Margin	6.10%	0.87%	3.26%	5.91%	4.31%	2.80%	2.92%	6.37%	8.03%	3.21%	1.36%
Pre Tax Income Margin	4.52%	-3.20%	-0.56%	4.65%	3.00%	-0.27%	-0.10%	5.57%	7.35%	0.91%	-1.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.08	0.28	0.89	2.27	1.78	0.94	0.98	2.61	3.12	1.25	0.55
NOPAT to Interest Expense	0.58	0.20	0.62	1.61	1.12	0.66	0.68	1.85	2.32	0.60	0.39
EBIT Less CapEx to Interest Expense	1.17	-0.60	-0.08	0.66	0.19	-0.47	-0.37	1.35	1.96	0.15	-0.58
NOPAT Less CapEx to Interest Expense	-0.32	-0.69	-0.35	0.01	-0.47	-0.75	-0.66	0.58	1.15	-0.50	-0.75
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	30.82%	62.80%

Financials Breakdown Chart

Key Financial Trends

Hillman Solutions (HLMN) four-year quarterly view highlights a mix of steady revenue and solid cash generation, tempered by leverage and earnings volatility. Below are the top trends drawn from the last four years of quarterly statements.

Strong operating cash flow in several recent quarters. Net cash from continuing operating activities was +$48.7M in Q2 2025, +$30.9M in Q4 2025, and +$26.2M in Q3 2025, indicating meaningful cash generation even as earnings fluctuate.
Net income attributable to common shareholders has shown positive momentum in most recent quarters. Q3 2025: +$23.19M; Q2 2025: +$15.83M; Q4 2025: +$1.60M, reflecting improved profitability alongside solid gross margins.
Gross margins have remained robust, generally in the mid-40s to low-50s percent range. For example, Q3 2025 gross margin is about 51.7% (gross profit $219.6M on revenue $424.9M). This supports a reasonable buffer to cover opex and financing costs.
Free cash flow has been positive in several late-2025 quarters. Roughly +$16.1M in Q4 2025, +$9.1M in Q3 2025, and +$31.2M in Q2 2025 (approx. operating cash flow minus capex), signaling improving cash efficiency.

Seasonality and quarterly swings are common for this business. Quarterly revenue ranges show a pattern (Q3 2025: $424.9M; Q4 2025: $365.1M; Q2 2025: $402.8M; Q1 2025: $359.3M), suggesting periodic shifts in demand or mix across the year.
Very large goodwill and intangible asset balances create impairment risk considerations. Goodwill sits around $830M (e.g., $830.1M in Q3 2025), with intangible assets roughly in the $560–646M range over the period, indicating a substantial non-cash asset base that could be challenged if demand weakens.

Earnings have been volatile, including quarters of net losses. Notably, Q1 2025 shows a small net loss (-$0.32M), and earlier periods have had negative净 income in some quarters, highlighting sensitivity to margin and tax items.
Leverage remains meaningful, with debt levels notable versus equity. Long-term debt around $683M (Q3 2025) and total liabilities near $1.15B against equity around $1.23B, implying a modestly leveraged capital structure and ongoing debt service obligations.
Financing activities have commonly produced net cash outflows, reducing cash reserves. Net cash from financing activities was negative in multiple recent quarters (Q2 2025: -$34.8M; Q4 2025: -$26.6M; Q3 2025: -$5.17M; Q1 2025: -$26.6M), reflecting debt repayments and other financing uses.
Cash reserves remain relatively modest relative to the debt load. Cash & equivalents around $30–38M in several 2025 quarters versus long-term debt in the hundreds of millions, which can pressure liquidity in tougher markets.

05/07/26 05:59 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Hillman Solutions' Financials

When does Hillman Solutions' fiscal year end?

According to the most recent income statement we have on file, Hillman Solutions' financial year ends in December. Their financial year 2025 ended on December 27, 2025.

How has Hillman Solutions' net income changed over the last 6 years?

Hillman Solutions' net income appears to be on a downward trend, with a most recent value of $40.31 million in 2025, falling from -$85.48 million in 2019. The previous period was $17.26 million in 2024. See Hillman Solutions' forecast for analyst expectations on whatâ€™s next for the company.

What is Hillman Solutions' operating income?

Hillman Solutions' total operating income in 2025 was $113.97 million, based on the following breakdown:

Total Gross Profit: $756.35 million
Total Operating Expenses: $642.38 million

How has Hillman Solutions' revenue changed over the last 6 years?

Over the last 6 years, Hillman Solutions' total revenue changed from $1.21 billion in 2019 to $1.55 billion in 2025, a change of 27.8%.

How much debt does Hillman Solutions have?

Hillman Solutions' total liabilities were at $1.13 billion at the end of 2025, a 1.8% decrease from 2024, and a 112,768,700,000.0% increase since 2019.

How much cash does Hillman Solutions have?

In the past 6 years, Hillman Solutions' cash and equivalents has ranged from $0.00 in 2019 to $44.51 million in 2024, and is currently $27.28 million as of their latest financial filing in 2025.

How has Hillman Solutions' book value per share changed over the last 6 years?

Over the last 6 years, Hillman Solutions' book value per share changed from 0.00 in 2019 to 3.13 in 2025, a change of 312.6%.

Related Companies

Financial statements for NASDAQ:HLMN last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Hillman Solutions (HLMN) Financials

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Hillman Solutions (HLMN) Financials

Annual Income Statements for Hillman Solutions

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Quarterly Cash Flow Statements for Hillman Solutions

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Quarterly Balance Sheets for Hillman Solutions

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Quarterly Metrics And Ratios for Hillman Solutions

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