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Hillman Solutions Corp. (HLMN) stock

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NASDAQ: HLMN Nasdaq Building Products Next results ~January 25, 2027

C Fundamentals grade

Hillman Solutions Corp. is a US-listed company in the building products industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$3.7

Cash-flow model

Base case. Range ~$1.6–$6.5 across our lower- and higher-growth cases (-0.1%–9.9% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 56% below it.

Price used: $8.39, November 2, 2026

Hillman Solutions Corp. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 3 selling1 purchase and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds103 adding, 127 cuttingOf 39 active managers that changed their stake, 16 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Hillman Solutions files

Where Hillman Solutions stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.60bn, up 6.5% on a year earlier, faster than the 5.5% growth a quarter earlier. Free-cash-flow margin held at 3.8%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 6 financial-health checks. Our cash-flow model value is $4.29 a share, against a share price of $7.25. At that price, our model says the market is pricing in about 10.6% a year of cash-flow growth for five years, faster than the 2.4% a year revenue growth it has delivered.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 25, 2027 (estimated)

Hillman Solutions Corp.'s trailing-twelve-month revenue grew 6.4% year on year, with a free-cash-flow margin of 6.3%. Where it stands out: days sales outstanding of 38 days ranks 5 of 34 building products companies we cover.

Our discounted-cash-flow model values the business at ~$3.7 per share in the base case (~$1.6–$6.5 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 151.0% while net income fell 35.2%: a 186pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Hillman Solutions Corp.'s latest figures clears our strength thresholds.

Things to watch

  • Priced above our value. The share price of $8.39 is 45% above our value per share of $5.
  • High earnings multiple. The shares trade at 40 times the last 12 months' earnings, so expectations are demanding.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 35.2% ranks 28 of 37 building products companies we cover (median 25.7%).

Latest results: FY2026 Q3

Filed November 3, 2026
Earnings per share
$0.17 against an average estimate of $0.17: beat by 1.4%
Revenue
$457m, up 7.7% on a year earlier
Guidance given
net Sales $1.67bn to $1.72bn (Full Year 2026); adjusted EBITDA $285m (Full Year 2026)
Next report
November 2, 2026; average EPS estimate $0.21

Hillman Solutions' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+7.6%
  • 1 week+15.9%
  • 1 month+19.2%
  • This year-3.1%
  • 1 year-9.0%
  • 5 years-19.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.6B
Operating margin
6.3%
Net margin
1.5%
EPS (TTM, diluted)
$0.12

Growth

Revenue growth
+6.4%
Change in growth rate
−0.1 pts
Share count change
−0.9%

Cash

Free cash flow (TTM)
$103M
FCF margin
6.3%
Stock pay % of revenue
0.9%

Earnings

Last results
November 2, 2026
Next results (est.)
January 25, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Our research
  3. Announcement
  4. Announcement
  5. Deal
  6. Announcement
  7. Results
  8. Guidance
  9. Results
  10. Deal
  11. Financing
  12. Agreement
  13. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Hillman Solutions Corp. valuation models and calculator

What the price is pricing in

The share price implies about 12.9% a year of cash-flow growth for five years.That is faster than the 2.8% a year revenue growth Hillman Solutions has delivered.

  • Priced in12.9%
  • Last 12 months6.4%
  • 3 years a year3.4%
  • 5 years a year2.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($8.06, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$3.7
Price used
$8.06close November 3, 2026
Implied change
▼ 54%
Uncertainty
Very high

How we got here: a discounted-cash-flow model of Hillman Solutions Corp.'s free cash flow after stock-based pay with after-tax interest added back ($81.3M, FY2026 Q3 TTM), growing 7.5% and 5.5% in the next two years (forecasts, guidance and its record), then back to 4.9% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$1.6–~$6.5 ; that spread sets a 45% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Hillman Solutions Corp.'s free cash flow after stock-based pay ( $81.3M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Hillman Solutions Corp. as an operating company, with every model that fits that kind of business. Cost of equity 9.7%: the 10-year Treasury yield (4.9%) plus a beta of 1.05 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$3.7 ~$1.6–$6.5 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$11 ~$10–$14 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$1.4 ~$0.8–$2.3 Left out: out of range vs price (0.17x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity below long-run growth
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$6.1 ~$3.7–$11 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Hillman Solutions Corp. with Building Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −43%
  • Revenue growth 5 points higher ▲ +56%
  • Free-cash-flow margin 1 point lower ▼ −28%
  • Last year's free-cash-flow margin change, if it persists ▲ more than doubles
  • Discount rate 1 point higher ▼ −26%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $1$3$6$10$15$21
8.5% —$1$3$6$10$14
10% —$0$2$4$6$10

Valuation multiples over time Market data may be delayed

At fiscal year end 202020212022202320242025Now
Share price$10.24$10.50$7.21$9.21$9.80$9.09$8.39
Market value$920m$1.4bn$1.4bn$1.8bn$1.9bn$1.8bn$1.7bn
+ Net debt (− = net cash)−$1m$931m$888m$722m$674m$666m$933m
Enterprise value$919m$2.3bn$2.3bn$2.5bn$2.6bn$2.5bn$2.6bn
Multiples
Price / sales 0.7x1.0x0.9x1.2x1.3x1.2x1.0x
Price / earnings ————113.0x45.0x68.4x
Price / free cash flow 19.7x—28.3x10.4x19.9x51.7x16.1x
EV / EBITDA 4.8x17.9x14.3x13.8x12.0x9.7x11.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

10 /100

Weak moat

How hard Hillman Solutions's competitive advantage looks for rivals to wear away, judged from 7 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.2% of total assets over 7 years.

  • Durability 0 / 20

    Operating margin has been a median 4.7%; its worst year was -1.0%.

  • Cash conversion 9 / 20

    Free cash flow was positive in 4 of 6 years, at a median 4.5% 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 (15 before it).

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

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.58 +1% $1.7bn +8%
Next $0.68 +17% $1.8bn +7%

Next year's EPS estimate has moved −2.8% in 90 days, across 7 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.2% on 90 days ago. In the last 30 days, 0 analysts raised Hillman Solutions Corp.'s forecast and 1 cut it.

Consensus EPS forecast Hillman Solutions Corp., last 90 days
$0.55 $0.60 $0.65 $0.70 $0.75 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.58 Current fiscal year, 60 days ago: $0.59 Current fiscal year, 30 days ago: $0.59 Current fiscal year, 7 days ago: $0.58 Current fiscal year, Now: $0.58 $0.58 Next fiscal year, 90 days ago: $0.70 Next fiscal year, 60 days ago: $0.68 Next fiscal year, 30 days ago: $0.69 Next fiscal year, 7 days ago: $0.68 Next fiscal year, Now: $0.68 $0.68

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.58$0.70
60 days ago $0.59$0.68
30 days ago $0.59$0.69
7 days ago $0.58$0.68
Now $0.58$0.68

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.17 $0.17 +1.4%
Mar 2026 $0.08 $0.07 −8.1%
Dec 2025 $0.10 $0.10 +4.3%
Sept 2025 $0.20 $0.22 +7.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026
  • Net Sales Full Year 2026 $1.67bn to $1.72bn Raised
    “Net Sales $1.630 to $1.730 billion $1.670 to $1.720 billion” source
  • Adjusted EBITDA Full Year 2026 about $285m Non-GAAP Raised
    “Adjusted EBITDA 1 $275 to $285 million ~$285 million” source
  • Free Cash Flow Full Year 2026 $105m to $115m Non-GAAP Maintained
    “Free Cash Flow 1 $100 to $120 million $105 to $115 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Hillman Solutions Corp.'s revenue by +7.5% next year and +5.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+8.3%, weight 53%) , management guidance (+9.1%, weight 20%) and the company's own record (+4.9%, weight 27%) . How the weights are set.

Analyst recommendations

8 analysts, Nov 2026
Buy675%
Hold225%
Sell00%

Monthly trend

  1. Nov 20262428
  2. Oct 20262428
  3. Sep 20262327

Counts of recommendations published by analysts covering Hillman Solutions Corp., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.5%
of tradable shares
Days to cover
2.72
at average volume
Short interest, 1 month
−16%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.0%
of shares
Employees
3,986
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −9.0%

$9.22 on October 31, 2025 to $8.39

ThenNowEffect
Revenue (last 12 months) $1.5bn $1.6bn +6.5%
Net margin 1.4% 2.6% +78.0%
P/E multiple 84.6x 40.5x −52.1%
Share count 199m 199m +0.3%

Biggest factor: p/e multiple.

Last 3 years +18.8%

$7.06 on November 3, 2023 to $8.39

ThenNowEffect
Revenue (last 12 months) $1.5bn $1.6bn +9.8%
P/S multiple 0.9x 1.0x +10.9%
Share count 194m 199m −2.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
HLMN+3%−33%+28%+6%−11%−3%
Industry peers (median)+24%−24%+45%+12%−12%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
HLMN33%42%42%50%42%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
HLMN−27%−46%−35%−20%−37%−35%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since December 3, 2020: 51% from August 13, 2021 to October 30, 2023. Getting back needed a 104% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$6.94 – $10.74
From 52-week high
−21.9%
vs 50-day average
+14.4%
vs 200-day average
+3.4%
Volatility (1 year)
40%
Beta vs S&P 500
1.19

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 6 down
typical move ±6.9%
After a week
5 up, 6 down
typical move ±7.9%
After a month
4 up, 7 down
typical move ±11.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +11.0% +1.6% +8.4% −8.8%
July 13, 2026 +2.7% −0.4% +4.5% +16.6%
April 27, 2026 −5.4% −0.3% −14.9% −14.8%
February 17, 2026 −12.0% +0.7% −15.0% −20.0%
November 4, 2025 −1.7% −0.8% −6.5% −3.1%
August 5, 2025 +23.0% +0.3% +21.3% +22.0%
April 29, 2025 −7.7% +0.7% −5.3% −1.7%
February 18, 2025 −1.2% +0.5% −0.5% −12.4%
November 5, 2024 +3.8% +3.7% +3.5% +4.4%
August 6, 2024 +3.4% +0.2% +2.6% +7.2%
May 7, 2024 −4.2% +0.1% −4.7% −10.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Hillman Solutions Corp.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Hillman Solutions Corp. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Hillman Solutions Corp.
$1.5B $1.5B $1.6B $1.6B $1.7B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $1.5B Revenue (TTM), FY24 Q1: $1.5B Revenue (TTM), FY24 Q2: $1.5B Revenue (TTM), FY24 Q3: $1.5B Revenue (TTM), FY24 Q4: $1.5B Revenue (TTM), FY25 Q1: $1.5B Revenue (TTM), FY25 Q2: $1.5B Revenue (TTM), FY25 Q3: $1.5B Revenue (TTM), FY25 Q4: $1.6B Revenue (TTM), FY26 Q1: $1.6B Revenue (TTM), FY26 Q2: $1.6B Revenue (TTM), FY26 Q3: $1.6B $1.6B

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1.5B
FY24 Q1 $1.5B
FY24 Q2 $1.5B
FY24 Q3 $1.5B
FY24 Q4 $1.5B
FY25 Q1 $1.5B
FY25 Q2 $1.5B
FY25 Q3 $1.5B
FY25 Q4 $1.6B
FY26 Q1 $1.6B
FY26 Q2 $1.6B
FY26 Q3 $1.6B
Revenue growth, TTM YoY Hillman Solutions Corp.
-2% 0% 2% 4% 6% 8% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -0.7% Revenue growth, TTM YoY, FY24 Q1: 0.3% Revenue growth, TTM YoY, FY24 Q2: 1.2% Revenue growth, TTM YoY, FY24 Q3: -0.6% Revenue growth, TTM YoY, FY24 Q4: -0.3% Revenue growth, TTM YoY, FY25 Q1: 0.3% Revenue growth, TTM YoY, FY25 Q2: 1.9% Revenue growth, TTM YoY, FY25 Q3: 4.5% Revenue growth, TTM YoY, FY25 Q4: 5.4% Revenue growth, TTM YoY, FY26 Q1: 5.5% Revenue growth, TTM YoY, FY26 Q2: 6.5% Revenue growth, TTM YoY, FY26 Q3: 6.4% 6.4%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -0.7%
FY24 Q1 0.3%
FY24 Q2 1.2%
FY24 Q3 -0.6%
FY24 Q4 -0.3%
FY25 Q1 0.3%
FY25 Q2 1.9%
FY25 Q3 4.5%
FY25 Q4 5.4%
FY26 Q1 5.5%
FY26 Q2 6.5%
FY26 Q3 6.4%
Operating margin (TTM) Hillman Solutions Corp.
4% 5% 6% 7% 8% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 4.1% Operating margin (TTM), FY24 Q1: 5.2% Operating margin (TTM), FY24 Q2: 5.9% Operating margin (TTM), FY24 Q3: 5.4% Operating margin (TTM), FY24 Q4: 6.0% Operating margin (TTM), FY25 Q1: 5.9% Operating margin (TTM), FY25 Q2: 6.1% Operating margin (TTM), FY25 Q3: 7.2% Operating margin (TTM), FY25 Q4: 7.3% Operating margin (TTM), FY26 Q1: 6.8% Operating margin (TTM), FY26 Q2: 6.9% Operating margin (TTM), FY26 Q3: 6.3% 6.3%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 4.1%
FY24 Q1 5.2%
FY24 Q2 5.9%
FY24 Q3 5.4%
FY24 Q4 6.0%
FY25 Q1 5.9%
FY25 Q2 6.1%
FY25 Q3 7.2%
FY25 Q4 7.3%
FY26 Q1 6.8%
FY26 Q2 6.9%
FY26 Q3 6.3%
FCF margin (TTM) Hillman Solutions Corp.
0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 11.7% FCF margin (TTM), FY24 Q1: 10.3% FCF margin (TTM), FY24 Q2: 8.8% FCF margin (TTM), FY24 Q3: 8.8% FCF margin (TTM), FY24 Q4: 6.7% FCF margin (TTM), FY25 Q1: 5.6% FCF margin (TTM), FY25 Q2: 4.8% FCF margin (TTM), FY25 Q3: 2.7% FCF margin (TTM), FY25 Q4: 2.3% FCF margin (TTM), FY26 Q1: 1.4% FCF margin (TTM), FY26 Q2: 3.8% FCF margin (TTM), FY26 Q3: 6.3% 6.3%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 11.7%
FY24 Q1 10.3%
FY24 Q2 8.8%
FY24 Q3 8.8%
FY24 Q4 6.7%
FY25 Q1 5.6%
FY25 Q2 4.8%
FY25 Q3 2.7%
FY25 Q4 2.3%
FY26 Q1 1.4%
FY26 Q2 3.8%
FY26 Q3 6.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Hillman Solutions took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.6B
  2. Selling, general and admin $502M · 32.3%
  3. Other operating costs $935M · 60.2%
  4. Operating income $114M · 7.3%
  5. Income tax $16.3M · 1.0%
  6. Interest and other $57.4M · 3.7%
  7. Net income $40.3M · 2.6%

Shares of revenue. Source: Hillman Solutions's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

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

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 1,214 1,368 1,426 1,486 1,476 1,473 1,552 1,635
EBITDA 132 193 131 160 183 219 255 221
Operating income 8 66 10 40 61 89 114 103
Net income −85 −24 −38 −16 −10 17 40 24
Diluted EPS −$0.96 −$0.27 −$0.28 −$0.08 −$0.05 $0.09 $0.20 $0.12
Growth (year on year)
Revenue — +12.7% +4.2% +4.2% −0.7% −0.3% +5.4% +6.4%
EBITDA — +45.7% −32.0% +22.0% +14.2% +19.9% +16.6% +0.5%
Operating income — — −84.3% — +52.7% +45.7% +28.3% −7.6%
Net income — — — — — — — −35.2%
Diluted EPS — — — — — — — −34.7%
Margins
EBITDA margin 10.9% 14.1% 9.2% 10.8% 12.4% 14.9% 16.4% 13.5%
Operating margin 0.6% 4.8% 0.7% 2.7% 4.1% 6.0% 7.3% 6.3%
Net margin −7.0% −1.8% −2.7% −1.1% −0.6% 1.2% 2.6% 1.5%
Free-cash-flow margin −0.4% 3.4% −11.3% 3.3% 11.7% 6.7% 2.3% 6.3%
Cash flow
Cash from operations 52 92 −110 119 238 183 105 169
Capital spending 58 45 52 70 66 85 70 66
Free cash flow −5 47 −162 49 172 98 35 103
Stock-based pay 3 5 15 14 12 13 14 15
Free cash flow after stock pay −8 42 −177 36 160 85 21 88
Balance sheet
Cash 0 1 15 31 39 45 27 35
Total debt — — 946 919 761 719 693 968
Net debt (negative = net cash) 0 −1 931 888 722 674 666 933
Diluted shares 89m 90m 135m 194m 195m 199m 199m 198m
Returned to shareholders
Buybacks — — — — 0 0 12 38
Total returned — — — — 0 0 12 38

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · September 26, 2026
What it owns · $2.7bn
Short-term assets $703mLonger-term assets $2.0bn
What it owes, and who funded it · $2.7bn
Short-term liabilities $271mLonger-term liabilities $1.2bnShareholders' equity $1.2bn
  • Short-term assets cover short-term liabilities $703m of assets due within a year against $271m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $703m short-term assets against $1.2bn of longer-dated liabilities.
  • More cash than debt $35m of cash against $941m of debt.
  • Debt below 40% of shareholders' equity Debt is 76% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 80% to 76% over five years.
  • A year's operating cash flow covers at least 20% of debt $169m of operating cash flow against $941m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Hillman Solutions Corp.'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.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$37.6M
Returned to shareholders
36%
of free cash flow
Buybacks, last 3 fiscal years
$12.4M
Diluted share count
−0.9%
year over year
Total shareholder yield
2.4%
dividends 0.0% + buybacks 2.4% of market value
Sales & admin spending
32.9%
of revenue
Days sales outstanding
38 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in building products
Last 12 months unless stated HLMN AWI ZWS TILE NX APOG Median
Revenue, last 12 months $1.6bn $1.7bn $1.8bn $1.4bn $1.9bn $1.4bn $1.8bn
Revenue growth, last 12 months 6.4% 9.1% 10.1% 6.5% 1.3% 3.0% 3.7%
Revenue growth, 3-year average 3.4% 10.7% 6.5% 3.8% 17.7% 0.1% 3.6%
Revenue growth, latest quarter 7.7% 11.9% 8.7% 5.4% 1.3% 9.2% 7.8%
Gross margin — 39.8% 50.4% 40.5% 26.6% 23.2% 32.0%
Operating margin 6.3% 25.8% 22.1% 13.6% 6.0% 7.2% 7.0%
Operating margin, 3-year average 6.3% 26.0% 17.6% 11.5% 0.6% 7.5% 10.7%
Net margin 1.5% 18.4% 15.9% 10.1% 2.4% 4.7% 5.1%
Cash from operations / revenue 10.4% 19.0% 22.6% 12.4% 7.8% 9.0% 12.4%
Free-cash-flow margin 6.3% 12.5% 21.1% 8.6% 4.9% 6.6% 8.9%
Free-cash-flow margin, 3-year average 5.9% 13.0% 18.4% 8.5% 4.9% 7.7% 8.5%
Stock pay / revenue 0.9% 1.1% 2.4% 1.2% 0.2% 0.7% 0.7%
Change in share count −0.9% −2.1% −1.2% −0.3% −2.4% −1.4% −0.6%

Median of all 46 companies we cover in building products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

46 building products companies
Measure Company Peer median Rank
Revenue growth Growth 6.4% 4.0% 21 of 46
Change in growth rate Growth -0.1pp +0.5pp 26 of 46
Operating margin Profitability 6.3% 7.2% 26 of 45
Net margin Profitability 1.5% 5.6% 31 of 46
Free-cash-flow margin Cash generation 6.3% 9.1% 29 of 46
Stock pay as % of revenue Cash generation 0.9% 0.7% 25 of 41
Long-term debt as % of assets Balance sheet 35.2% 25.7% 28 of 37
Change in share count Balance sheet -0.9% -0.6% 22 of 44
Days sales outstanding Balance sheet 38 days 53 days 5 of 34

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 27, 2025
Segments
Line of business Revenue Share YoY
Fasteners Hardware and Personal Protection $1.2B 76.9% ▲ 7.8%
Robotics and Digital Solutions $220M 14.2% ▲ 1.6%
Canada $138M 8.9% ▼ 6.6%
Products and services
Line of business Revenue Share YoY
Fastening and Hardware $1.1B 67.7% ▲ 3.4%
Personal Protection Solutions $271M 17.5% ▲ 17.8%
Key and Key Fob $189M 12.2% ▲ 6.1%
Engraving $41M 2.6% ▼ 14.8%
Geography
Region Revenue Share YoY
United States $1.4B 90.1% ▲ 7.0%
Canada $138M 8.9% ▼ 6.6%
Mexico $15.1M 1.0% ▼ 15.1%

From Hillman Solutions Corp.'s 10-K filed February 17, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.7B
Institutions reporting
230
Shares held vs prior quarter
▼ 1.6%
Positions opened / closed
29 / 34

Top buyers and sellers, Q2 2026: 103 institutions bought and 127 sold ; the biggest buyer was FMR LLC (+3.3M shares) and the biggest seller T. Rowe Price Investment Management, Inc (−3.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $149M 17.7M 9.0% ▲ 23.0%
Blackrock, Inc. $125M 14.8M 7.6% ▲ 4.4%
Kayne Anderson Rudnick Investment Management LLC $96.5M 11.4M 5.8% ▼ 7.1%
Reinhart Partners, Llc. $94.2M 11.2M 5.7% ▼ 2.5%
Bank Of Montreal $86.9M 10.3M 5.2% ▼ 0.7%
Dimensional Fund Advisors LP $86M 10.2M 5.2% ▲ 5.6%
Vanguard Portfolio Management LLC $75.5M 8.9M 4.6% ▲ 1.7%
Vanguard Capital Management LLC $73.5M 8.7M 4.4% ▼ 0.4%
American Century Companies Inc $72.5M 8.6M 4.4% ▲ 10.1%
Jefferies Financial Group Inc. $67.3M 8.0M 4.1% ▼ 0.1%
Allspring Global Investments Holdings, LLC $50M 6.1M 3.0% ▼ 8.7%
Jpmorgan Chase & Co $49.2M 5.9M 3.0% ▼ 5.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Hillman Solutions Corp.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $248,500 1 trade by 1 insider, last 12 months Insider sales History → $358,527 4 trades by 3 insiders · 31% under pre-set plans
Net ▼ $110,027 net selling
Insider Date Trade Shares Price Value
Kraft Robert O. CFO and Treasurer September 11, 2026 Buy 35,500 $7.00 $248,500
Kitzberger Amanda Chief Leg. Offic. & Secretary September 9, 2026 Sell 13,750 $7.25 $99,688
Parker Aaron Jerrod Chief People Offic. August 19, 2026 Sell 17,381 $8.57 $148,955
Kitzberger Amanda Chief Leg. Offic. & Secretary March 10, 2026 Sell pre-set plan 11,804 $8.29 $97,855
Moore Scott Kelley Div. Pres. - Robo. and Digital March 10, 2026 Sell pre-set plan 1,451 $8.29 $12,029

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 3 trades and filings

No trades in Hillman Solutions Corp. disclosed in the last 12 months; 3 earlier trades on record.

  • Josh Gottheimer(D-NJ 5):Sale (full), $1,001 - $15,000, traded April 17, 2025, filed May 14, 2025
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded March 3, 2025, filed March 6, 2025
  • Josh Gottheimer(D-NJ 5):Purchase, $1,001 - $15,000, traded April 25, 2024, filed May 15, 2024

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 25, 2027 estimated from the company's past filing pattern, not announced

  • November 2, 2026
  • August 4, 2026
  • July 13, 2026
  • April 27, 2026
  • February 17, 2026
  • November 4, 2025

Recent SEC filings

Data status

When each part of this page on Hillman Solutions Corp. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Hillman Solutions Corp. in brief

What does Hillman Solutions Corp. do?
Hillman Solutions Corp. is a US-listed company in the building products industry. Its financial year ends in December.
What is Hillman Solutions Corp.'s stock ticker?
Hillman Solutions Corp. trades under the ticker HLMN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Hillman Solutions Corp.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Hillman Solutions Corp. reported revenue of $1.6B, 6.4% higher than a year earlier, according to its SEC filings.
What is Hillman Solutions Corp.'s free cash flow?
Hillman Solutions Corp.'s free-cash-flow margin is 6.3% of revenue over the trailing twelve months, ranking 29 of the 46 building products companies we cover.
What is Hillman Solutions Corp.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Hillman Solutions Corp.'s free cash flow after stock-based pay gives ~$3.7 per share in the base case, and ~$1.6–$6.5 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Hillman Solutions Corp.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Blackrock, Inc. and Kayne Anderson Rudnick Investment Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Hillman Solutions Corp. buying back stock, and does it pay a dividend?
Hillman Solutions Corp. spent $37.6M on share repurchases over the trailing twelve months, and its diluted share count fell 0.9% over the year.
What is Hillman Solutions Corp.'s market cap?
On November 2, 2026, Hillman Solutions Corp.'s market capitalisation was about $1.7B, with a price-to-earnings ratio of 68.4 and net debt of $933M. Market figures come from third-party market data and may be delayed.
How much debt does Hillman Solutions Corp. have?
Hillman Solutions Corp.'s debt-to-equity ratio is 76.3%, from its latest balance sheet (80.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Hillman Solutions Corp.'s competitors?
In our Building Products peer group, the companies closest to Hillman Solutions Corp. are Armstrong World Industries Inc, Zurn Elkay Water Solutions Corp, Interface Inc, Quanex Building Products Corp and Apogee Enterprises, Inc. The side-by-side comparison below sets their revenue, margins and growth against Hillman Solutions Corp.'s.
Are insiders buying or selling Hillman Solutions Corp. stock?
Over the last 12 months, Hillman Solutions Corp.'s directors and officers reported 1 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Hillman Solutions Corp.'s next earnings date?
Around January 25, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Hillman Solutions Corp. announces its own schedule.