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Holley (HLLY) Financials

Holley logo
$2.96 +0.04 (+1.19%)
Closing price 10/24/2025 03:59 PM Eastern
Extended Trading
$2.96 0.00 (0.00%)
As of 10/24/2025 07:00 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Holley

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

Quarterly Income Statements for Holley

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

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

Annual Cash Flow Statements for Holley

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

Quarterly Cash Flow Statements for Holley

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

Annual Balance Sheets for Holley

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

Quarterly Balance Sheets for Holley

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

Annual Metrics And Ratios for Holley

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

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

Quarterly Metrics And Ratios for Holley

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

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

Financials Breakdown Chart

Key Financial Trends

Holley Inc. (NYSE:HLLY) has demonstrated a mix of financial performance trends over the past four years, with detailed quarterly data available through Q4 2024. Below, we highlight key positive, neutral, and negative trends that retail investors should be aware of.

  • Revenue Growth Fluctuations: Holley’s quarterly operating revenue reached $140.1 million in Q4 2024, slightly higher compared to $134.0 million in Q3 2024, indicating a modest recovery after some quarterly fluctuations.
  • Strong Cash Flow from Operations: Despite a net loss in Q4 2024, the company generated $4.13 million in net cash from continuing operating activities in the same quarter, reflecting effective working capital management and non-cash adjustments.
  • Reduction in Debt: Holley has been consistently investing in debt repayment, with notable repayments of $4.29 million in Q4 2024 and similar efforts in preceding quarters, potentially reducing interest burden over time.
  • Asset Base Supports Business: The company maintains a robust asset base, with total assets around $1.18 billion in Q3 2024, comprising significant goodwill and intangible assets, which can indicate established market presence and acquisition investments.
  • Seasonal Variability Management: The company’s quarterly net income swings from profit to loss align with the automotive industry's cyclical patterns, with some recent quarters showing profitability, such as Q2 2024 net income of $17.1 million.
  • Stable Share Count: Weighted average diluted shares outstanding have remained relatively steady around 118 million shares, showing little dilution pressure on shareholders.
  • Consistent R&D Spending: Research and development expenses maintain steady around $4.3 to $6.6 million per quarter, signifying ongoing innovation efforts without large fluctuations.
  • Capital Expenditures: Quarterly purchases of property, plant, and equipment range from approximately $1.2 million to $2.4 million, indicating steady investment in operational infrastructure.
  • Cash Position Volatility: Cash and equivalents vary between roughly $20 million to $53 million over recent quarters, impacted by operations, investing, and financing activities.
  • Interest Expense: Interest expense remains high, averaging approximately $11 million to $18 million per quarter, reflecting significant leverage but steady interest costs.
  • Increasing Net Losses: The net income significantly deteriorated in Q4 2024 to a loss of $37.8 million, worsening from smaller losses and occasional profits seen in earlier quarters during 2024.
  • Operating Income Downturn: Q4 2024 operating income was negative $29 million compared to positive quarters earlier in the year, highlighting ongoing challenges in operational profitability.
  • Rising Cost of Revenue: Operating costs have increased notably, with Q4 2024 costs at $76.2 million, impacting gross margins despite revenue levels.
  • Heavy Interest Burden: The company consistently incurs sizeable interest expenses that exceed operating income frequently, weighing on net profitability.
  • High Long-Term Debt: Holley carried approximately $549 million in long-term debt as of Q3 2024, which, coupled with high interest payments, poses financial risk if operating losses continue.

Summary: Holley Inc. displays a substantial asset base and maintains consistent operational inputs such as R&D and capital expenditures. However, the company faces profitability challenges, mainly driven by increased costs and interest expenses that have led to significant net losses in recent quarters. Efforts to repay debt and generate operating cash flow show strategic attempts to stabilize finances. Retail investors should watch for improvements in operating income and net profit margins alongside debt management progress to assess potential recovery.

10/26/25 08:25 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Holley's Financials

When does Holley's fiscal year end?

According to the most recent income statement we have on file, Holley's financial year ends in December. Their financial 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. Find out what analysts predict for Holley in the coming months.

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's 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 10/26/2025 by MarketBeat.com Staff
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