Hillman Solutions Corp. (HLMN) FY2025 10-K Annual Report
Hillman Solutions Corp. (HLMN) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 17, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Hillman Solutions Corp. FY2025 10-K Analysis
Business Overview
- • Core business: provider of hardware-related products and merchandising services to retail markets in North America with $1,552.2M net sales in 2025
- • New emphasis on Robotics and Digital Solutions with proprietary MinuteKey and KeyKrafter® kiosks generating $220.2M revenue in 2025
- • Strategic acquisition of Koch in Jan 2024 enlarged rope, twine, chain, and wire rope product offerings
- • Employee count stable at 3,986 full-time and part-time with 1,263 in sales/service teams, highlighting strong customer engagement
- • Noteworthy decline in Canada segment revenue to $138.1M in 2025 from $156.5M in 2023, indicating regional challenges
Management Discussion & Analysis
- • Revenue not explicitly stated; adjusted EBITDA $275.3M in 2025, up 14% from $241.8M in 2024
- • Operating margin Hardware & Protective Solutions 17.9% in 2025 ($90.6M/$506.6M est.), up from 11.4% in 2024 ($60.1M); Robotics margin down to 5.2% in 2025 ($17.3M/$336.6M est.) from 6.1% in 2024 ($20.5M)
- • Best segment Hardware & Protective Solutions Adjusted EBITDA $196.3M in 2025, worst Robotics & Digital Solutions $65.9M, down from $70.3M in 2024
- • Operating cash flow $105.2M in 2025, down $78.1M YoY; capex $70.1M in 2025; $12.4M stock repurchases and $8.5M term loan principal repayments
- • Outlook highlights tariff cost impacts, sufficient liquidity with $279.1M available revolver; risks include market volatility, tariff-related inventory cost pressures
Risk Factors
- • Trade tariff risk from U.S. tariffs on steel, aluminum, and goods from China, Mexico, Canada since Feb 1, 2025 increased product costs, forced price hikes
- • FX risk from 2025 USD decline vs CNY (-4.0%) and TWD (-4.2%) pressures supplier margins, may drive price increases from vendors
- • Supply chain risk due to reliance on ~33% sourcing from China and Taiwan exposed to tariffs and currency volatility
- • Market risk from soft U.S. home improvement segment as existing home sales hit 30-year low at 4.1 million in 2025
- • Financial risk: $100M authorized share repurchase program started in July 2025 with $12.4M spent, impacting liquidity and capital allocation
Hillman Solutions Corp. FY2025 Key Financial MetricsXBRL
Revenue
$1.6B
▲ +5.4% YoY
Net Income
$40M
▲ +133.6% YoY
Operating Margin
7.3%
▲ +131bp YoY
Net Margin
2.6%
▲ +142bp YoY
ROE
3.3%
▲ +182bp YoY
Total Assets
$2.4B
▲ +1.1% YoY
EPS (Diluted)
$0.20
▲ +122.2% YoY
Operating Cash Flow
$105M
▼ -42.6% YoY
Source: XBRL data from Hillman Solutions Corp. FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on Hillman Solutions Corp.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.