Short answer
Hillman Solutions Corp. (HLMN) filed its fiscal 2025 10-K annual report with the SEC on Feb 17, 2026. It reported revenue of $1.6B (+5.4% year over year) and net income of $40M.
- Top risk flagged: 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
FY2025 key financial metrics · XBRL
- Revenue
- $1.6B
- +5.4% YoY
- Net income
- $40M
- +133.6% YoY
- Operating margin
- 7.3%
- +1.3 pp YoY
- EPS (diluted)
- $0.20
- +122.2% YoY
- ROE
- 3.3%
- +1.8 pp YoY
- Operating cash flow
- $105M
- −42.6% YoY
Source: XBRL data from the Hillman Solutions Corp. (HLMN) FY2025 10-K on SEC EDGAR. USD.
Hillman Solutions Corp. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
Generated from the filing text; verify against the original. How to read a 10-K
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