Holley Inc. key statistics and ratios

In fiscal 2025, Holley Inc. had return on equity of 4.4%, an operating margin of 13.4%, debt equal to 117.9% of equity and a current ratio of 2.75. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Holley Inc.: financial ratios, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Gross margin	40.4%	41.3%	41.4%	36.8%	38.8%	39.6%	43.4%	43.0%
Operating margin	12.5%	16.9%	11.2%	7.4%	14.3%	2.4%	13.4%	9.1%
Net margin	0.2%	6.5%	−3.9%	10.7%	2.9%	−3.9%	3.1%	1.7%
Free-cash-flow margin	0.5%	15.7%	0.9%	−0.2%	12.5%	6.7%	5.5%	7.1%
Return on equity	0.3%	14.7%	−10.0%	20.5%	4.5%	−5.4%	4.4%	2.3%
Return on assets	—	3.1%	−2.4%	6.0%	1.6%	−2.0%	1.7%	0.9%
Asset turnover	—	0.47	0.61	0.56	0.54	0.52	0.53	0.53
Current ratio	—	3.15	3.18	3.21	3.17	3.12	2.75	3.06
Debt to equity	0.0%	280.8%	212.0%	156.4%	134.8%	133.3%	117.9%	117.1%
Interest cover (operating income ÷ interest)	0.9x	2.0x	2.0x	1.3x	1.5x	0.3x	1.6x	1.4x
Effective tax rate	—	21.2%	—	5.7%	30.5%	—	33.0%	35.0%
R&D as % of revenue	5.6%	4.7%	4.1%	4.2%	3.6%	3.1%	3.1%	2.8%
SG&A as % of revenue	16.9%	14.1%	16.9%	21.9%	18.2%	21.9%	23.8%	24.8%
Capital spending as % of revenue	2.0%	1.9%	2.2%	2.0%	0.9%	1.1%	2.0%	2.3%
Free cash flow ÷ net income	356.0%	240.4%	—	−1.7%	428.4%	—	176.8%	423.2%

US$ thousands unless shown otherwise. Fiscal quarters.

Holley Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Gross margin	39.0%	45.6%	41.9%	41.7%	43.2%	46.8%	41.2%	41.0%
Operating margin	4.2%	−20.7%	12.6%	16.5%	11.5%	12.7%	11.9%	1.6%
Net margin	−4.7%	−27.0%	1.8%	6.5%	−0.6%	4.1%	4.9%	−1.4%
Free-cash-flow margin	−2.6%	1.2%	−7.1%	21.4%	3.8%	2.4%	−4.3%	23.8%
Current ratio	2.93	3.12	2.86	2.93	2.78	2.75	3.17	3.06
Debt to equity	121.3%	131.2%	129.8%	125.7%	121.8%	116.4%	117.9%	117.1%
R&D as % of revenue	3.4%	3.5%	2.7%	3.1%	3.4%	3.2%	2.7%	2.2%
SG&A as % of revenue	22.5%	24.6%	24.0%	19.8%	24.2%	27.7%	24.0%	23.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 7 checks passed · June 28, 2026

What it owns · $1.2bn

Short-term assets $331mLonger-term assets $832m

What it owes, and who funded it · $1.2bn

Short-term liabilities $108mLonger-term liabilities $604mShareholders' equity $450m

Short-term assets cover short-term liabilities $331m of assets due within a year against $108m of liabilities due within a year.
Short-term assets cover long-term liabilities $331m short-term assets against $604m of longer-dated liabilities.
More cash than debt $69m of cash against $527m of debt.
Debt below 40% of shareholders' equity Debt is 117% of equity.
Debt burden no higher than five years ago Debt to equity moved from 209% to 117% over five years.
A year's operating cash flow covers at least 20% of debt $58m of operating cash flow against $527m of debt.
Operating profit covers interest at least five times over Operating income of $56m against $41m of interest.

From Holley Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

52 /100

Moderate moat

How hard Holley's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 12 / 20

Cash operating profit has been a median 9.7% of total assets over 5 years.
Pricing power 14 / 20

Gross margin has been a median 41.3%, moving by 2.7 percentage points (standard deviation) across 6 years.
Durability 8 / 20

Operating margin has been a median 8.0%; its worst year was 3.9%.
Cash conversion 12 / 20

Free cash flow was positive in 5 of 5 years, at a median 3.9% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (57 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: HLLY vs STRT CVGI vs HLLY CAAS vs HLLY HLLY vs MPAA

More: Automotive Parts & Equipment stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Holley Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Holley Inc.