Holley vs Hesai
Holley is the larger business, with $614m of revenue in fiscal 2025 against $421m for Hesai (1.5 times as much). Hesai grew faster (45.9% against 1.9%). Hesai kept more of each dollar of sales as profit: a net margin of 14.4% against 3.1%. Hesai carries less debt relative to equity (8.1% against 117.9%).
| Latest fiscal year | HolleyHLLY, 2025 | HesaiHSAI, 2025 |
|---|---|---|
| Revenue | $614m | $421m |
| Revenue growth | 1.9% | 45.9% |
| Net income | $19.2m | $60.7m |
| Operating margin | 13.4% | 5.6% |
| Net margin | 3.1% | 14.4% |
| Return on equity | 4.4% | 6.7% |
| Free cash flow | $33.9m | −$26.8m |
| Cash | $37.2m | $238m |
| Total debt | $529m | $104m |
| Debt to equity | 117.9% | 8.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 1,407 | — |
| Market value | $327m | $1.78bn |
| Price vs our value range | Below our value range | — |
| Moat score | 52 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |