HLMNHillman Solutions Corp.
Cutlery, Handtools & General Hardware
- Revenue
- $1.6B
- 5.4% YoY
- Operating margin
- 7.3%
- 22% YoY
- EBITDA
- $255M
- 17% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.5×
- $632M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear261% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear12% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear35% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.5B | $1.5B | $1.6B | 5.4% |
| Operating income | $10M | $40M | $61M | $89M | $114M | 28% |
| Net income | −$38M | −$16M | −$10M | $17M | $40M | 134% |
| Operating cash flow | −$110M | $119M | $238M | $183M | $105M | 43% |
| Capex | $52M | $70M | $66M | $85M | $70M | 18% |
| Stock-based comp | $15M | $14M | $12M | $13M | $14M | 5.8% |
| Buybacks | — | — | $0 | $0 | $12M |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $249K · 1
- Open-market sells, 12 mo
- $198K · 2
- Net
- $51K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 89 | 205 |
| FY2024 | — | — | 96 | 183 |
| FY2023 | — | — | 90 | 162 |
| FY2022 | — | — | 70 | 111 |
| FY2021 | — | — | 103 | 126 |