Holley (HLLY) Financials

$2.00 +0.03 (+1.52%)

Closing price 03:59 PM Eastern

Extended Trading

$2.00 0.00 (0.00%)

As of 05:12 PM Eastern

Annual Income Statements for Holley

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-23	19	74
Consolidated Net Income / (Loss)	-23	19	74
Net Income / (Loss) Continuing Operations	-23	19	74
Total Pre-Tax Income	-26	28	78
Total Operating Income	15	94	51
Total Gross Profit	239	256	254
Total Revenue	602	660	688
Operating Revenue	602	660	688
Total Cost of Revenue	364	404	435
Operating Cost of Revenue	364	404	435
Total Operating Expenses	224	162	203
Selling, General & Admin Expense	132	120	151
Research & Development Expense	19	24	29
Amortization Expense	14	15	15
Other Operating Expenses / (Income)	8.97	0.77	1.51
Impairment Charge	49	0.00	2.40
Restructuring Charge	1.57	2.64	4.51
Total Other Income / (Expense), net	-41	-66	28
Interest Expense	51	60	40
Other Income / (Expense), net	9.90	-6.41	68
Income Tax Expense	-3.03	8.40	4.49
Basic Earnings per Share	($0.20)	$0.16	$0.63
Weighted Average Basic Shares Outstanding	118.44M	117.38M	116.76M
Diluted Earnings per Share	($0.20)	$0.16	$0.14
Weighted Average Diluted Shares Outstanding	118.44M	118.51M	117.25M
Weighted Average Basic & Diluted Shares Outstanding	119.96M	118.80M	118.24M

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	12/31/2022	10/2/2022
Net Income / (Loss) Attributable to Common Shareholders	-38	-6.29	17	3.73	1.20	0.75	13	4.25	-15	32
Consolidated Net Income / (Loss)	-38	-6.29	17	3.73	1.20	0.75	13	4.25	-15	32
Net Income / (Loss) Continuing Operations	-38	-6.29	17	3.73	1.20	0.75	13	4.25	-15	32
Total Pre-Tax Income	-40	-7.77	19	2.84	1.85	2.84	17	5.81	-20	30
Total Operating Income	-29	5.56	28	10	19	19	30	26	-14	3.06
Total Gross Profit	64	52	70	52	60	58	70	68	47	48
Total Revenue	140	134	169	159	156	157	175	172	154	155
Operating Revenue	140	134	169	159	156	157	175	172	154	155
Total Cost of Revenue	76	82	99	107	95	98	106	104	107	106
Operating Cost of Revenue	76	82	99	107	95	98	106	104	107	106
Total Operating Expenses	93	47	42	42	41	39	40	42	61	45
Selling, General & Admin Expense	34	30	35	33	32	29	29	30	48	32
Research & Development Expense	4.97	4.62	4.31	4.81	4.91	6.10	6.18	6.65	6.69	6.04
Amortization Expense	3.58	3.44	3.44	3.44	3.52	3.69	3.67	3.68	3.70	3.66
Other Operating Expenses / (Income)	8.75	0.12	0.10	-0.01	0.26	-0.03	0.49	0.05	0.92	0.05
Total Other Income / (Expense), net	-12	-13	-8.72	-7.37	-17	-16	-13	-20	-5.79	27
Interest Expense	11	15	13	11	18	14	9.90	18	13	10
Other Income / (Expense), net	-0.01	1.68	4.46	3.78	1.19	-2.76	-2.98	-1.86	7.66	38
Income Tax Expense	-2.71	-1.48	2.06	-0.89	0.64	2.09	4.10	1.57	-4.37	-1.35
Basic Earnings per Share	($0.32)	($0.05)	$0.14	$0.03	-	$0.01	$0.11	$0.04	($0.14)	$0.27
Weighted Average Basic Shares Outstanding	118.44M	118.69M	118.47M	117.87M	117.38M	117.40M	117.22M	117.15M	116.76M	117.12M
Diluted Earnings per Share	($0.32)	($0.05)	$0.14	$0.03	-	$0.01	$0.11	$0.04	($0.63)	$0.27
Weighted Average Diluted Shares Outstanding	118.44M	118.69M	119.26M	119.51M	118.51M	119.25M	117.87M	117.24M	117.25M	117.14M
Weighted Average Basic & Diluted Shares Outstanding	119.96M	119.80M	119.78M	119.31M	118.80M	1.09M	118.34M	118.27M	118.24M	118.24M

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	15	15	-10
Net Cash From Operating Activities	47	88	12
Net Cash From Continuing Operating Activities	47	88	12
Net Income / (Loss) Continuing Operations	-23	19	74
Consolidated Net Income / (Loss)	-23	19	74
Depreciation Expense	11	10	10
Amortization Expense	21	22	22
Non-Cash Adjustments To Reconcile Net Income	70	16	-14
Changes in Operating Assets and Liabilities, net	-32	21	-80
Net Cash From Investing Activities	2.02	-4.45	-25
Net Cash From Continuing Investing Activities	2.02	-4.45	-25
Purchase of Property, Plant & Equipment	-6.80	-5.93	-14
Acquisitions	0.00	0.00	-14
Sale of Property, Plant & Equipment	1.73	1.48	0.89
Divestitures	7.10	0.00	1.97
Net Cash From Financing Activities	-35	-69	2.85
Net Cash From Continuing Financing Activities	-35	-69	2.85
Repayment of Debt	-33	-67	-33
Issuance of Debt	0.00	0.00	37
Other Financing Activities, net	-1.48	-1.54	-0.67
Other Net Changes in Cash	0.69	0.30	-
Cash Interest Paid	52	65	37
Cash Income Taxes Paid	11	16	6.83

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	12/31/2022	10/2/2022
Net Change in Cash & Equivalents	5.34	-2.33	12	0.05	4.25	-5.91	22	-5.33	9.54	-14
Net Cash From Operating Activities	4.13	-1.75	26	19	31	22	31	3.64	0.15	-8.67
Net Cash From Continuing Operating Activities	4.13	-1.75	26	19	31	22	31	3.64	0.15	-8.67
Net Income / (Loss) Continuing Operations	-38	-6.29	17	3.73	1.20	0.75	13	4.25	-15	32
Consolidated Net Income / (Loss)	-38	-6.29	17	3.73	1.20	0.75	13	4.25	-15	32
Depreciation Expense	3.19	2.23	2.67	2.46	2.57	2.79	2.47	2.49	2.61	2.84
Amortization Expense	5.15	5.17	5.26	5.29	5.42	5.43	5.47	5.50	5.59	5.54
Non-Cash Adjustments To Reconcile Net Income	56	6.96	-0.60	7.75	-4.01	8.24	6.76	4.89	18	-25
Changes in Operating Assets and Liabilities, net	-23	-9.83	1.25	-0.40	26	5.27	3.08	-13	-11	-24
Net Cash From Investing Activities	4.75	-0.31	-1.33	-1.09	-1.33	-0.74	-1.70	-0.68	0.31	-1.91
Net Cash From Continuing Investing Activities	4.75	-0.31	-1.33	-1.09	-1.33	-0.74	-1.70	-0.68	0.31	-1.91
Purchase of Property, Plant & Equipment	-2.43	-1.73	-1.38	-1.27	-1.52	-1.68	-1.74	-1.00	-1.85	-2.14
Sale of Property, Plant & Equipment	0.08	1.42	0.06	0.17	0.19	0.94	0.04	0.32	0.42	0.23
Net Cash From Financing Activities	-4.29	-0.27	-12	-18	-26	-27	-7.14	-8.44	8.31	-2.74
Net Cash From Continuing Financing Activities	-4.29	-0.27	-12	-18	-26	-27	-7.14	-8.44	8.31	-2.74
Repayment of Debt	-4.29	-0.23	-12	-17	-26	-26	-7.10	-8.40	-1.69	-1.69
Other Net Changes in Cash	0.75	-	-	-	0.36	-	-	-	-	-0.63
Cash Interest Paid	13	13	13	13	14	21	14	15	12	9.07
Cash Income Taxes Paid	3.55	1.24	6.36	0.00	-	4.02	9.52	2.50	-	2.56

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	1,133	1,203	1,250
Total Current Assets	297	297	325
Cash & Equivalents	56	41	26
Accounts Receivable	36	48	47
Inventories, net	193	192	234
Prepaid Expenses	13	16	18
Plant, Property, & Equipment, net	41	47	52
Total Noncurrent Assets	795	859	872
Goodwill	372	419	418
Intangible Assets	387	410	425
Other Noncurrent Operating Assets	36	29	30
Total Liabilities & Shareholders' Equity	1,133	1,203	1,250
Total Liabilities	712	762	834
Total Current Liabilities	95	94	101
Short-Term Debt	7.20	7.46	7.00
Accounts Payable	45	44	45
Accrued Expenses	43	42	43
Other Current Nonoperating Liabilities	0.00	0.46	5.99
Total Noncurrent Liabilities	617	668	732
Long-Term Debt	545	577	644
Noncurrent Deferred & Payable Income Tax Liabilities	37	54	58
Other Noncurrent Operating Liabilities	34	38	30
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	421	441	416
Total Preferred & Common Equity	421	441	416
Preferred Stock	0.00	0.00	0.00
Total Common Equity	421	441	416
Common Stock	378	374	368
Retained Earnings	45	68	49
Accumulated Other Comprehensive Income / (Loss)	-1.16	-0.71	-0.94

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

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/29/2024	6/30/2024	3/31/2024	10/1/2023	7/2/2023	4/2/2023	10/2/2022
Total Assets	1,184	1,198	1,192	1,219	1,251	1,242	1,257
Total Current Assets	299	301	290	305	333	324	325
Cash & Equivalents	51	53	41	37	43	21	17
Accounts Receivable	44	56	49	47	57	56	60
Inventories, net	179	174	184	207	218	229	231
Prepaid Expenses	16	16	16	13	16	18	18
Other Current Assets	7.70	2.10	-	-	-	-	-
Plant, Property, & Equipment, net	43	43	46	48	50	51	55
Total Noncurrent Assets	843	853	856	866	868	868	877
Goodwill	413	419	419	419	419	418	417
Intangible Assets	399	403	407	414	418	421	428
Other Noncurrent Operating Assets	31	31	30	34	31	28	31
Total Liabilities & Shareholders' Equity	1,184	1,198	1,192	1,219	1,251	1,242	1,257
Total Liabilities	725	735	747	781	815	822	839
Total Current Liabilities	102	108	102	89	103	96	96
Short-Term Debt	7.48	7.44	7.44	6.57	6.57	6.57	6.00
Accounts Payable	53	59	50	40	44	37	44
Accrued Expenses	41	41	44	42	47	46	42
Other Current Nonoperating Liabilities	0.49	0.36	0.44	0.32	6.26	5.91	4.78
Total Noncurrent Liabilities	624	627	645	692	712	726	742
Long-Term Debt	549	549	560	604	629	636	636
Noncurrent Deferred & Payable Income Tax Liabilities	45	49	52	50	48	56	66
Other Noncurrent Operating Liabilities	30	30	33	39	35	34	41
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	-
Total Equity & Noncontrolling Interests	459	463	445	438	435	420	418
Total Preferred & Common Equity	459	463	445	438	435	420	418
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	459	463	445	438	435	420	418
Common Stock	377	375	374	372	370	368	353
Retained Earnings	83	89	72	67	66	53	64
Accumulated Other Comprehensive Income / (Loss)	-0.47	-0.85	-0.90	-1.05	-0.87	-1.14	1.00

This table displays calculated financial ratios and metrics derived from Holley's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-8.71%	-4.17%	-0.64%
EBITDA Growth	-53.24%	-20.67%	133.05%
EBIT Growth	-71.96%	-26.24%	229.37%
NOPAT Growth	-84.30%	36.74%	-11.86%
Net Income Growth	-221.14%	-74.00%	371.84%
EPS Growth	-225.00%	14.29%	146.67%
Operating Cash Flow Growth	-46.76%	615.50%	-42.96%
Free Cash Flow Firm Growth	-39.17%	255.95%	-1,273.45%
Invested Capital Growth	-6.81%	-5.90%	14.10%
Revenue Q/Q Growth	-2.53%	0.23%	-3.59%
EBITDA Q/Q Growth	-46.48%	27.64%	-7.04%
EBIT Q/Q Growth	-66.59%	42.50%	-8.69%
NOPAT Q/Q Growth	-83.22%	136.15%	-35.72%
Net Income Q/Q Growth	-247.53%	596.95%	3.49%
EPS Q/Q Growth	-266.67%	134.04%	-68.18%
Operating Cash Flow Q/Q Growth	-36.62%	54.52%	39.43%
Free Cash Flow Firm Q/Q Growth	-28.28%	97.65%	0.00%
Invested Capital Q/Q Growth	-4.89%	-2.65%	-0.16%
Profitability Metrics	-	-	-
Gross Margin	39.61%	38.82%	36.85%
EBITDA Margin	9.30%	18.15%	21.93%
Operating Margin	2.44%	14.25%	7.37%
EBIT Margin	4.08%	13.28%	17.26%
Profit (Net Income) Margin	-3.86%	2.91%	10.72%
Tax Burden Percent	88.48%	69.55%	94.26%
Interest Burden Percent	-106.87%	31.47%	65.88%
Effective Tax Rate	0.00%	30.45%	5.74%
Return on Invested Capital (ROIC)	1.08%	6.44%	4.87%
ROIC Less NNEP Spread (ROIC-NNEP)	-5.36%	-1.43%	9.05%
Return on Net Nonoperating Assets (RNNOA)	-6.47%	-1.96%	15.61%
Return on Equity (ROE)	-5.39%	4.48%	20.48%
Cash Return on Invested Capital (CROIC)	8.13%	12.52%	-8.30%
Operating Return on Assets (OROA)	2.10%	7.14%	9.73%
Return on Assets (ROA)	-1.99%	1.56%	6.04%
Return on Common Equity (ROCE)	-5.39%	4.48%	20.48%
Return on Equity Simple (ROE_SIMPLE)	-5.52%	4.35%	17.73%
Net Operating Profit after Tax (NOPAT)	10	65	48
NOPAT Margin	1.70%	9.91%	6.95%
Net Nonoperating Expense Percent (NNEP)	6.44%	7.87%	-4.17%
Return On Investment Capital (ROIC_SIMPLE)	1.05%	6.38%	4.48%
Cost of Revenue to Revenue	60.39%	61.18%	63.15%
SG&A Expenses to Revenue	21.94%	18.23%	21.89%
R&D to Revenue	3.11%	3.61%	4.22%
Operating Expenses to Revenue	37.17%	24.56%	29.48%
Earnings before Interest and Taxes (EBIT)	25	88	119
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	56	120	151
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.86	0.01	0.60
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.60	0.01	0.36
Price to Earnings (P/E)	0.00	0.28	3.40
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	360.08%	29.43%
Enterprise Value to Invested Capital (EV/IC)	0.94	0.56	0.84
Enterprise Value to Revenue (EV/Rev)	1.43	0.83	1.27
Enterprise Value to EBITDA (EV/EBITDA)	15.33	4.58	5.80
Enterprise Value to EBIT (EV/EBIT)	34.93	6.26	7.37
Enterprise Value to NOPAT (EV/NOPAT)	83.59	8.39	18.30
Enterprise Value to Operating Cash Flow (EV/OCF)	18.30	6.23	71.08
Enterprise Value to Free Cash Flow (EV/FCFF)	11.10	4.31	0.00
Leverage & Solvency	-	-	-
Debt to Equity	1.31	1.32	1.56
Long-Term Debt to Equity	1.30	1.31	1.55
Financial Leverage	1.21	1.37	1.73
Leverage Ratio	2.71	2.86	3.39
Compound Leverage Factor	-2.90	0.90	2.23
Debt to Total Capital	56.75%	56.97%	61.00%
Short-Term Debt to Total Capital	0.74%	0.73%	0.66%
Long-Term Debt to Total Capital	56.01%	56.25%	60.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.25%	43.03%	39.00%
Debt to EBITDA	9.87	4.88	4.31
Net Debt to EBITDA	8.87	4.54	4.14
Long-Term Debt to EBITDA	9.74	4.82	4.26
Debt to NOPAT	53.82	8.93	13.60
Net Debt to NOPAT	48.36	8.30	13.06
Long-Term Debt to NOPAT	53.12	8.82	13.46
Altman Z-Score	1.18	1.07	1.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	3.12	3.17	3.21
Quick Ratio	0.97	0.95	0.72
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	77	127	-81
Operating Cash Flow to CapEx	923.57%	1,978.26%	96.93%
Free Cash Flow to Firm to Interest Expense	1.52	2.12	-2.03
Operating Cash Flow to Interest Expense	0.92	1.47	0.31
Operating Cash Flow Less CapEx to Interest Expense	0.82	1.39	-0.01
Efficiency Ratios	-	-	-
Asset Turnover	0.52	0.54	0.56
Accounts Receivable Turnover	14.26	13.82	13.98
Inventory Turnover	1.89	1.90	2.08
Fixed Asset Turnover	13.66	13.28	13.28
Accounts Payable Turnover	8.22	9.11	9.59
Days Sales Outstanding (DSO)	25.60	26.40	26.11
Days Inventory Outstanding (DIO)	193.09	192.55	175.72
Days Payable Outstanding (DPO)	44.40	40.08	38.06
Cash Conversion Cycle (CCC)	174.29	178.87	163.77
Capital & Investment Metrics	-	-	-
Invested Capital	918	985	1,046
Invested Capital Turnover	0.63	0.65	0.70
Increase / (Decrease) in Invested Capital	-67	-62	129
Enterprise Value (EV)	858	548	875
Market Capitalization	362	5.33	251
Book Value per Share	$3.52	$403.34	$3.52
Tangible Book Value per Share	($2.82)	($355.08)	($3.61)
Total Capital	974	1,025	1,067
Total Debt	553	584	651
Total Long-Term Debt	545	577	644
Net Debt	496	543	624
Capital Expenditures (CapEx)	5.08	4.45	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	153	170	205
Debt-free Net Working Capital (DFNWC)	209	211	231
Net Working Capital (NWC)	202	204	224
Net Nonoperating Expense (NNE)	34	46	-26
Net Nonoperating Obligations (NNO)	496	544	630
Total Depreciation and Amortization (D&A)	31	32	32
Debt-free, Cash-free Net Working Capital to Revenue	25.45%	25.77%	29.71%
Debt-free Net Working Capital to Revenue	34.77%	32.00%	33.51%
Net Working Capital to Revenue	33.57%	30.87%	32.50%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.20)	$0.16	$0.63
Adjusted Weighted Average Basic Shares Outstanding	118.44M	117.38M	116.76M
Adjusted Diluted Earnings per Share	($0.20)	$0.16	$0.14
Adjusted Weighted Average Diluted Shares Outstanding	118.44M	118.51M	117.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	119.96M	118.80M	118.24M
Normalized Net Operating Profit after Tax (NOPAT)	45	67	54
Normalized NOPAT Margin	7.54%	10.19%	7.89%
Pre Tax Income Margin	-4.36%	4.18%	11.37%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.48	1.46	2.95
NOPAT to Interest Expense	0.20	1.09	1.19
EBIT Less CapEx to Interest Expense	0.38	1.39	2.64
NOPAT Less CapEx to Interest Expense	0.10	1.02	0.87
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Holley's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	12/31/2022	10/2/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.05%	-14.37%	-3.29%	-7.88%	1.00%	1.13%	-2.32%	-13.92%	-14.26%	-3.07%
EBITDA Growth	-173.82%	-40.90%	15.34%	-32.25%	1,091.44%	-49.49%	-42.36%	-17.72%	-82.96%	424.87%
EBIT Growth	-245.08%	-56.28%	19.88%	-42.00%	441.56%	-59.28%	-48.66%	-23.30%	-207.34%	282.96%
NOPAT Growth	-265.72%	-23.77%	9.32%	-29.33%	229.44%	59.73%	-2.71%	-24.90%	-159.34%	138.71%
Net Income Growth	-3,243.26%	-936.17%	31.79%	-12.17%	107.89%	-97.62%	-68.00%	-74.81%	14.05%	204.57%
EPS Growth	0.00%	-600.00%	27.27%	-25.00%	0.00%	-96.30%	-68.57%	-73.33%	-90.91%	196.43%
Operating Cash Flow Growth	-86.79%	-107.78%	-16.48%	417.81%	21,000.68%	359.37%	1,138.68%	-80.17%	104.44%	59.65%
Free Cash Flow Firm Growth	-36.76%	21.05%	913.25%	205.81%	153.28%	120.54%	98.87%	91.04%	0.00%	75.83%
Invested Capital Growth	-6.81%	-4.61%	-6.61%	-7.29%	-5.90%	-3.49%	3.42%	11.00%	14.10%	24.50%
Revenue Q/Q Growth	4.49%	-20.92%	6.85%	1.88%	-0.53%	-10.69%	1.78%	11.70%	-0.39%	-13.74%
EBITDA Q/Q Growth	-241.06%	-63.64%	85.21%	-22.28%	12.93%	-29.04%	8.78%	1,468.48%	-95.21%	-19.03%
EBIT Q/Q Growth	-500.51%	-77.62%	131.25%	-30.01%	20.69%	-38.63%	11.88%	491.92%	-114.39%	-22.62%
NOPAT Q/Q Growth	-620.96%	-84.35%	85.57%	9.56%	139.63%	-77.56%	19.97%	300.66%	-395.70%	-86.33%
Net Income Q/Q Growth	-500.86%	-136.76%	358.58%	210.32%	59.84%	-94.21%	205.60%	127.89%	-148.22%	-22.15%
EPS Q/Q Growth	-540.00%	-135.71%	366.67%	0.00%	0.00%	-90.91%	175.00%	106.35%	-333.33%	-22.86%
Operating Cash Flow Q/Q Growth	336.04%	-106.81%	36.27%	-39.66%	38.92%	-26.88%	744.85%	2,358.78%	101.71%	-449.19%
Free Cash Flow Firm Q/Q Growth	-7.41%	-45.84%	3.80%	21.50%	77.24%	463.85%	86.49%	38.82%	31.65%	80.06%
Invested Capital Q/Q Growth	-4.89%	-0.18%	-0.54%	-1.31%	-2.65%	-2.27%	-1.27%	0.17%	-0.16%	4.73%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	45.62%	39.02%	41.47%	32.82%	38.70%	37.29%	39.80%	39.32%	30.65%	31.27%
EBITDA Margin	-14.75%	10.92%	23.76%	13.71%	17.97%	15.83%	19.92%	18.64%	1.52%	31.69%
Operating Margin	-20.69%	4.15%	16.45%	6.43%	12.07%	12.34%	17.09%	15.08%	-8.76%	1.98%
EBIT Margin	-20.70%	5.40%	19.08%	8.82%	12.83%	10.58%	15.39%	14.00%	-3.79%	26.27%
Profit (Net Income) Margin	-26.98%	-4.69%	10.09%	2.35%	0.77%	0.48%	7.41%	2.47%	-9.88%	20.40%
Tax Burden Percent	93.32%	80.91%	89.27%	131.38%	65.15%	26.44%	76.00%	73.06%	77.69%	104.45%
Interest Burden Percent	139.66%	-107.38%	59.25%	20.30%	9.23%	17.18%	63.30%	24.11%	335.03%	74.35%
Effective Tax Rate	0.00%	0.00%	10.73%	-31.38%	34.85%	73.56%	24.00%	26.94%	0.00%	-4.45%
Return on Invested Capital (ROIC)	-9.17%	1.82%	9.40%	5.41%	5.11%	2.09%	8.38%	7.31%	-4.30%	1.56%
ROIC Less NNEP Spread (ROIC-NNEP)	-12.54%	-0.07%	7.98%	3.73%	3.23%	1.36%	6.77%	4.92%	-5.23%	6.55%
Return on Net Nonoperating Assets (RNNOA)	-15.12%	-0.08%	9.80%	4.98%	4.42%	1.91%	10.04%	7.98%	-9.02%	9.91%
Return on Equity (ROE)	-24.29%	1.73%	19.20%	10.39%	9.53%	4.00%	18.41%	15.28%	-13.32%	11.47%
Cash Return on Invested Capital (CROIC)	8.13%	10.91%	13.33%	13.45%	12.52%	6.24%	1.11%	-6.27%	-8.30%	0.00%
Operating Return on Assets (OROA)	-10.67%	2.78%	9.98%	4.68%	6.90%	5.62%	8.05%	7.43%	-2.14%	15.67%
Return on Assets (ROA)	-13.91%	-2.41%	5.28%	1.25%	0.42%	0.26%	3.87%	1.31%	-5.57%	12.17%
Return on Common Equity (ROCE)	-24.29%	1.73%	19.20%	10.39%	9.53%	4.00%	18.41%	15.28%	-13.32%	11.47%
Return on Equity Simple (ROE_SIMPLE)	0.00%	3.43%	4.92%	4.19%	0.00%	0.63%	7.71%	14.55%	0.00%	17.04%
Net Operating Profit after Tax (NOPAT)	-20	3.89	25	13	12	5.11	23	19	-9.46	3.20
NOPAT Margin	-14.48%	2.91%	14.68%	8.45%	7.86%	3.26%	12.99%	11.02%	-6.13%	2.07%
Net Nonoperating Expense Percent (NNEP)	3.36%	1.89%	1.41%	1.68%	1.88%	0.72%	1.61%	2.39%	0.93%	-4.99%
Return On Investment Capital (ROIC_SIMPLE)	-2.08%	-	-	-	1.19%	-	-	-	-0.89%	-
Cost of Revenue to Revenue	54.38%	60.98%	58.53%	67.18%	61.30%	62.71%	60.20%	60.68%	69.35%	68.73%
SG&A Expenses to Revenue	24.61%	22.46%	20.40%	20.80%	20.71%	18.45%	16.60%	17.43%	31.26%	20.62%
R&D to Revenue	3.55%	3.45%	2.54%	3.03%	3.15%	3.90%	3.53%	3.86%	4.34%	3.90%
Operating Expenses to Revenue	66.31%	34.87%	25.02%	26.38%	26.63%	24.95%	22.71%	24.24%	39.42%	29.29%
Earnings before Interest and Taxes (EBIT)	-29	7.24	32	14	20	17	27	24	-5.85	41
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-21	15	40	22	28	25	35	32	2.35	49
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.86	0.79	0.92	1.19	0.01	1.35	1.11	0.77	0.60	1.14
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
Price to Revenue (P/Rev)	0.60	0.59	0.67	0.82	0.01	0.90	0.74	0.49	0.36	0.67
Price to Earnings (P/E)	0.00	23.04	18.74	28.39	0.28	214.58	14.41	5.30	3.40	6.71
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	4.34%	5.34%	3.52%	360.08%	0.47%	6.94%	18.88%	29.43%	14.91%
Enterprise Value to Invested Capital (EV/IC)	0.94	0.90	0.96	1.09	0.56	1.15	1.04	0.90	0.84	1.05
Enterprise Value to Revenue (EV/Rev)	1.43	1.41	1.45	1.63	0.83	1.77	1.64	1.43	1.27	1.54
Enterprise Value to EBITDA (EV/EBITDA)	15.33	8.30	8.11	9.66	4.58	12.40	9.12	6.58	5.80	6.79
Enterprise Value to EBIT (EV/EBIT)	34.93	11.81	11.23	13.63	6.26	18.93	12.58	8.51	7.37	8.48
Enterprise Value to NOPAT (EV/NOPAT)	83.59	14.20	14.30	17.79	8.39	42.02	23.64	22.83	18.30	14.82
Enterprise Value to Operating Cash Flow (EV/OCF)	18.30	11.74	9.47	10.23	6.23	20.41	41.64	0.00	71.08	124.92
Enterprise Value to Free Cash Flow (EV/FCFF)	11.10	8.06	6.97	7.78	4.31	18.10	95.13	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.31	1.21	1.20	1.28	1.32	1.39	1.46	1.53	1.56	1.53
Long-Term Debt to Equity	1.30	1.20	1.18	1.26	1.31	1.38	1.45	1.51	1.55	1.52
Financial Leverage	1.21	1.20	1.23	1.33	1.37	1.41	1.48	1.62	1.73	1.51
Leverage Ratio	2.71	2.68	2.73	2.81	2.86	2.89	3.06	3.28	3.39	3.18
Compound Leverage Factor	3.78	-2.88	1.61	0.57	0.26	0.50	1.94	0.79	11.36	2.37
Debt to Total Capital	56.75%	54.81%	54.56%	56.06%	56.97%	58.21%	59.36%	60.46%	61.00%	60.54%
Short-Term Debt to Total Capital	0.74%	0.74%	0.73%	0.74%	0.73%	0.63%	0.61%	0.62%	0.66%	0.57%
Long-Term Debt to Total Capital	56.01%	54.07%	53.83%	55.32%	56.25%	57.59%	58.75%	59.84%	60.34%	59.97%
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%
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%
Common Equity to Total Capital	43.25%	45.19%	45.44%	43.94%	43.03%	41.79%	40.64%	39.54%	39.00%	39.46%
Debt to EBITDA	9.87	5.32	4.85	5.19	4.88	6.50	5.39	4.47	4.31	3.95
Net Debt to EBITDA	8.87	4.83	4.38	4.81	4.54	6.11	5.02	4.33	4.14	3.85
Long-Term Debt to EBITDA	9.74	5.25	4.78	5.12	4.82	6.43	5.33	4.43	4.26	3.91
Debt to NOPAT	53.82	9.09	8.55	9.56	8.93	22.03	13.96	15.51	13.60	8.62
Net Debt to NOPAT	48.36	8.26	7.73	8.87	8.30	20.70	13.02	15.01	13.06	8.40
Long-Term Debt to NOPAT	53.12	8.97	8.43	9.43	8.82	21.79	13.82	15.35	13.46	8.54
Altman Z-Score	1.02	1.14	1.27	1.28	0.89	1.33	1.25	1.11	0.99	1.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.12	2.93	2.80	2.85	3.17	3.43	3.23	3.39	3.21	3.37
Quick Ratio	0.97	0.94	1.02	0.88	0.95	0.95	0.97	0.81	0.72	0.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	47	51	93	90	74	42	-11	-85	-139	-203
Operating Cash Flow to CapEx	175.50%	-562.06%	1,937.96%	1,727.13%	2,351.58%	3,025.57%	1,809.54%	532.80%	10.35%	-454.48%
Free Cash Flow to Firm to Interest Expense	4.07	3.36	7.08	8.06	4.08	3.04	-1.16	-4.64	-10.32	-19.47
Operating Cash Flow to Interest Expense	0.36	-0.12	1.95	1.69	1.72	1.64	3.11	0.20	0.01	-0.83
Operating Cash Flow Less CapEx to Interest Expense	0.15	-0.14	1.85	1.59	1.65	1.59	2.93	0.16	-0.10	-1.01
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.51	0.52	0.53	0.54	0.53	0.52	0.53	0.56	0.60
Accounts Receivable Turnover	14.26	13.45	11.32	12.31	13.82	12.29	11.39	11.01	13.98	12.41
Inventory Turnover	1.89	1.98	2.04	1.96	1.90	1.90	1.96	2.01	2.08	2.19
Fixed Asset Turnover	13.66	13.62	13.74	13.32	13.28	12.81	12.42	12.49	13.28	13.58
Accounts Payable Turnover	8.22	8.28	7.80	9.26	9.11	9.97	10.15	10.64	9.59	9.60
Days Sales Outstanding (DSO)	25.60	27.14	32.24	29.66	26.40	29.70	32.06	33.15	26.11	29.41
Days Inventory Outstanding (DIO)	193.09	184.16	178.68	185.81	192.55	192.44	186.41	181.75	175.72	166.45
Days Payable Outstanding (DPO)	44.40	44.08	46.78	39.43	40.08	36.62	35.97	34.32	38.06	38.00
Cash Conversion Cycle (CCC)	174.29	167.22	164.14	176.03	178.87	185.52	182.50	180.58	163.77	157.86
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	918	965	967	972	985	1,011	1,035	1,048	1,046	1,048
Invested Capital Turnover	0.63	0.63	0.64	0.64	0.65	0.64	0.64	0.66	0.70	0.76
Increase / (Decrease) in Invested Capital	-67	-47	-68	-76	-62	-37	34	104	129	206
Enterprise Value (EV)	858	869	930	1,056	548	1,164	1,077	946	875	1,103
Market Capitalization	362	363	427	530	5.33	591	484	324	251	478
Book Value per Share	$3.52	$3.83	$3.88	$3.75	$403.34	$3.70	$3.68	$3.56	$3.52	$3.54
Tangible Book Value per Share	($2.82)	($2.95)	($3.01)	($3.21)	($355.08)	($3.34)	($3.39)	($3.54)	($3.61)	($3.62)
Total Capital	974	1,015	1,019	1,012	1,025	1,048	1,071	1,063	1,067	1,060
Total Debt	553	556	556	568	584	610	636	643	651	642
Total Long-Term Debt	545	549	549	560	577	604	629	636	644	636
Net Debt	496	506	503	526	543	573	593	622	624	625
Capital Expenditures (CapEx)	2.35	0.31	1.33	1.09	1.33	0.74	1.70	0.68	1.43	1.91
Debt-free, Cash-free Net Working Capital (DFCFNWC)	153	153	148	154	170	186	194	214	205	218
Debt-free Net Working Capital (DFNWC)	209	204	201	196	211	222	237	235	231	235
Net Working Capital (NWC)	202	197	194	188	204	216	230	229	224	229
Net Nonoperating Expense (NNE)	17	10	7.78	9.68	11	4.36	9.79	15	5.77	-28
Net Nonoperating Obligations (NNO)	496	506	503	527	544	574	600	628	630	630
Total Depreciation and Amortization (D&A)	8.34	7.40	7.93	7.76	7.99	8.22	7.93	7.98	8.20	8.38
Debt-free, Cash-free Net Working Capital to Revenue	25.45%	24.83%	23.10%	23.90%	25.77%	28.19%	29.54%	32.45%	29.71%	30.57%
Debt-free Net Working Capital to Revenue	34.77%	33.04%	31.39%	30.26%	32.00%	33.78%	36.05%	35.60%	33.51%	32.90%
Net Working Capital to Revenue	33.57%	31.83%	30.23%	29.11%	30.87%	32.79%	35.05%	34.61%	32.50%	32.06%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.32)	($0.05)	$0.14	$0.03	$0.00	$0.01	$0.11	$0.04	($0.14)	$0.27
Adjusted Weighted Average Basic Shares Outstanding	118.44M	118.69M	118.47M	117.87M	117.38M	117.40M	117.22M	117.15M	116.76M	117.12M
Adjusted Diluted Earnings per Share	($0.32)	($0.05)	$0.14	$0.03	$0.00	$0.01	$0.11	$0.04	($0.63)	$0.27
Adjusted Weighted Average Diluted Shares Outstanding	118.44M	118.69M	119.26M	119.51M	118.51M	119.25M	117.87M	117.24M	117.25M	117.14M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	119.96M	119.80M	119.78M	119.31M	118.80M	1.09M	118.34M	118.27M	118.24M	118.24M
Normalized Net Operating Profit after Tax (NOPAT)	-20	9.82	25	7.58	13	14	23	20	-8.57	4.71
Normalized NOPAT Margin	-14.48%	7.32%	14.68%	4.78%	8.09%	8.83%	13.14%	11.59%	-5.56%	3.04%
Pre Tax Income Margin	-28.91%	-5.80%	11.30%	1.79%	1.18%	1.82%	9.74%	3.38%	-12.71%	19.53%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.52	0.48	2.45	1.25	1.10	1.21	2.73	1.32	-0.44	3.90
NOPAT to Interest Expense	-1.76	0.26	1.89	1.20	0.68	0.37	2.30	1.04	-0.70	0.31
EBIT Less CapEx to Interest Expense	-2.73	0.46	2.35	1.16	1.03	1.15	2.55	1.28	-0.54	3.72
NOPAT Less CapEx to Interest Expense	-1.97	0.24	1.79	1.11	0.60	0.32	2.13	1.00	-0.81	0.12
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%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Holley's Financials

When does Holley's financial year end?

According to the most recent income statement we have on file, Holley's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Holley's net income changed over the last 2 years?

Holley's net income appears to be on a downward trend, with a most recent value of -$23.24 million in 2024, falling from $73.77 million in 2022. The previous period was $19.18 million in 2023. See where experts think Holley is headed by visiting Holley's forecast page.

What is Holley's operating income?

Holley's total operating income in 2024 was $14.67 million, based on the following breakdown:

Total Gross Profit: $238.54 million
Total Operating Expenses: $223.88 million

How has Holley revenue changed over the last 2 years?

Over the last 2 years, Holley's total revenue changed from $688.42 million in 2022 to $602.22 million in 2024, a change of -12.5%.

How much debt does Holley have?

Holley's total liabilities were at $712.17 million at the end of 2024, a 6.6% decrease from 2023, and a 14.6% decrease since 2022.

How much cash does Holley have?

In the past 2 years, Holley's cash and equivalents has ranged from $26.15 million in 2022 to $56.09 million in 2024, and is currently $56.09 million as of their latest financial filing in 2024.

How has Holley's book value per share changed over the last 2 years?

Over the last 2 years, Holley's book value per share changed from 3.52 in 2022 to 3.52 in 2024, a change of -0.1%.

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This page (NYSE:HLLY) was last updated on 5/29/2025 by MarketBeat.com Staff

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Holley (HLLY) Financials

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Holley (HLLY) Financials

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