Holley (HLLY) Financials

$2.15 -0.22 (-9.07%)

Closing price 04/15/2025 03:59 PM Eastern

Extended Trading

$2.12 -0.03 (-1.39%)

As of 04/15/2025 06:31 PM Eastern

Annual Income Statements for Holley

This table shows Holley's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	74	19	-23
Consolidated Net Income / (Loss)	74	19	-23
Net Income / (Loss) Continuing Operations	74	19	-23
Total Pre-Tax Income	78	28	-26
Total Operating Income	51	94	15
Total Gross Profit	254	256	239
Total Revenue	688	660	602
Operating Revenue	688	660	602
Total Cost of Revenue	435	404	364
Operating Cost of Revenue	435	404	364
Total Operating Expenses	203	162	224
Selling, General & Admin Expense	151	120	132
Research & Development Expense	29	24	19
Amortization Expense	15	15	14
Other Operating Expenses / (Income)	1.51	0.77	8.97
Impairment Charge	2.40	0.00	49
Restructuring Charge	4.51	2.64	1.57
Total Other Income / (Expense), net	28	-66	-41
Interest Expense	40	60	51
Other Income / (Expense), net	68	-6.41	9.90
Income Tax Expense	4.49	8.40	-3.03
Basic Earnings per Share	$0.63	$0.16	($0.20)
Weighted Average Basic Shares Outstanding	116.76M	117.38M	118.44M
Diluted Earnings per Share	$0.14	$0.16	($0.20)
Weighted Average Diluted Shares Outstanding	117.25M	118.51M	118.44M
Weighted Average Basic & Diluted Shares Outstanding	118.24M	118.80M	119.96M

This table shows Holley's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	32	-15	4.25	13	0.75	1.20	3.73	17	-6.29	-38
Consolidated Net Income / (Loss)	32	-15	4.25	13	0.75	1.20	3.73	17	-6.29	-38
Net Income / (Loss) Continuing Operations	32	-15	4.25	13	0.75	1.20	3.73	17	-6.29	-38
Total Pre-Tax Income	30	-20	5.81	17	2.84	1.85	2.84	19	-7.77	-40
Total Operating Income	3.06	-14	26	30	19	19	10	28	5.56	-29
Total Gross Profit	48	47	68	70	58	60	52	70	52	64
Total Revenue	155	154	172	175	157	156	159	169	134	140
Operating Revenue	155	154	172	175	157	156	159	169	134	140
Total Cost of Revenue	106	107	104	106	98	95	107	99	82	76
Operating Cost of Revenue	106	107	104	106	98	95	107	99	82	76
Total Operating Expenses	45	61	42	40	39	41	42	42	47	93
Selling, General & Admin Expense	32	48	30	29	29	32	33	35	30	34
Research & Development Expense	6.04	6.69	6.65	6.18	6.10	4.91	4.81	4.31	4.62	4.97
Amortization Expense	3.66	3.70	3.68	3.67	3.69	3.52	3.44	3.44	3.44	3.58
Other Operating Expenses / (Income)	0.05	0.92	0.05	0.49	-0.03	0.26	-0.01	0.10	0.12	8.75
Total Other Income / (Expense), net	27	-5.79	-20	-13	-16	-17	-7.37	-8.72	-13	-12
Interest Expense	10	13	18	9.90	14	18	11	13	15	11
Other Income / (Expense), net	38	7.66	-1.86	-2.98	-2.76	1.19	3.78	4.46	1.68	-0.01
Income Tax Expense	-1.35	-4.37	1.57	4.10	2.09	0.64	-0.89	2.06	-1.48	-2.71
Basic Earnings per Share	$0.27	($0.14)	$0.04	$0.11	$0.01	-	$0.03	$0.14	($0.05)	($0.32)
Weighted Average Basic Shares Outstanding	117.12M	116.76M	117.15M	117.22M	117.40M	117.38M	117.87M	118.47M	118.69M	118.44M
Diluted Earnings per Share	$0.27	($0.63)	$0.04	$0.11	$0.01	-	$0.03	$0.14	($0.05)	($0.32)
Weighted Average Diluted Shares Outstanding	117.14M	117.25M	117.24M	117.87M	119.25M	118.51M	119.51M	119.26M	118.69M	118.44M
Weighted Average Basic & Diluted Shares Outstanding	118.24M	118.24M	118.27M	118.34M	1.09M	118.80M	119.31M	119.78M	119.80M	119.96M

This table details how cash moves in and out of Holley's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-10	15	15
Net Cash From Operating Activities	12	88	47
Net Cash From Continuing Operating Activities	12	88	47
Net Income / (Loss) Continuing Operations	74	19	-23
Consolidated Net Income / (Loss)	74	19	-23
Depreciation Expense	10	10	11
Amortization Expense	22	22	21
Non-Cash Adjustments To Reconcile Net Income	-14	16	70
Changes in Operating Assets and Liabilities, net	-80	21	-32
Net Cash From Investing Activities	-25	-4.45	2.02
Net Cash From Continuing Investing Activities	-25	-4.45	2.02
Purchase of Property, Plant & Equipment	-14	-5.93	-6.80
Acquisitions	-14	0.00	0.00
Sale of Property, Plant & Equipment	0.89	1.48	1.73
Divestitures	1.97	0.00	7.10
Net Cash From Financing Activities	2.85	-69	-35
Net Cash From Continuing Financing Activities	2.85	-69	-35
Repayment of Debt	-33	-67	-33
Issuance of Debt	37	0.00	0.00
Other Financing Activities, net	-0.67	-1.54	-1.48
Other Net Changes in Cash	-	0.30	0.69
Cash Interest Paid	37	65	52
Cash Income Taxes Paid	6.83	16	11

This table details how cash moves in and out of Holley's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-14	9.54	-5.33	22	-5.91	4.25	0.05	12	-2.33	5.34
Net Cash From Operating Activities	-8.67	0.15	3.64	31	22	31	19	26	-1.75	4.13
Net Cash From Continuing Operating Activities	-8.67	0.15	3.64	31	22	31	19	26	-1.75	4.13
Net Income / (Loss) Continuing Operations	32	-15	4.25	13	0.75	1.20	3.73	17	-6.29	-38
Consolidated Net Income / (Loss)	32	-15	4.25	13	0.75	1.20	3.73	17	-6.29	-38
Depreciation Expense	2.84	2.61	2.49	2.47	2.79	2.57	2.46	2.67	2.23	3.19
Amortization Expense	5.54	5.59	5.50	5.47	5.43	5.42	5.29	5.26	5.17	5.15
Non-Cash Adjustments To Reconcile Net Income	-25	18	4.89	6.76	8.24	-4.01	7.75	-0.60	6.96	56
Changes in Operating Assets and Liabilities, net	-24	-11	-13	3.08	5.27	26	-0.40	1.25	-9.83	-23
Net Cash From Investing Activities	-1.91	0.31	-0.68	-1.70	-0.74	-1.33	-1.09	-1.33	-0.31	4.75
Net Cash From Continuing Investing Activities	-1.91	0.31	-0.68	-1.70	-0.74	-1.33	-1.09	-1.33	-0.31	4.75
Purchase of Property, Plant & Equipment	-2.14	-1.85	-1.00	-1.74	-1.68	-1.52	-1.27	-1.38	-1.73	-2.43
Sale of Property, Plant & Equipment	0.23	0.42	0.32	0.04	0.94	0.19	0.17	0.06	1.42	0.08
Net Cash From Financing Activities	-2.74	8.31	-8.44	-7.14	-27	-26	-18	-12	-0.27	-4.29
Net Cash From Continuing Financing Activities	-2.74	8.31	-8.44	-7.14	-27	-26	-18	-12	-0.27	-4.29
Repayment of Debt	-1.69	-1.69	-8.40	-7.10	-26	-26	-17	-12	-0.23	-4.29
Other Net Changes in Cash	-0.63	-	-	-	-	0.36	-	-	-	0.75
Cash Interest Paid	9.07	12	15	14	21	14	13	13	13	13
Cash Income Taxes Paid	2.56	-	2.50	9.52	4.02	-	0.00	6.36	1.24	3.55

This table presents Holley's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	1,250	1,203	1,133
Total Current Assets	325	297	297
Cash & Equivalents	26	41	56
Accounts Receivable	47	48	36
Inventories, net	234	192	193
Prepaid Expenses	18	16	13
Plant, Property, & Equipment, net	52	47	41
Total Noncurrent Assets	872	859	795
Goodwill	418	419	372
Intangible Assets	425	410	387
Other Noncurrent Operating Assets	30	29	36
Total Liabilities & Shareholders' Equity	1,250	1,203	1,133
Total Liabilities	834	762	712
Total Current Liabilities	101	94	95
Short-Term Debt	7.00	7.46	7.20
Accounts Payable	45	44	45
Accrued Expenses	43	42	43
Other Current Nonoperating Liabilities	5.99	0.46	0.00
Total Noncurrent Liabilities	732	668	617
Long-Term Debt	644	577	545
Noncurrent Deferred & Payable Income Tax Liabilities	58	54	37
Other Noncurrent Operating Liabilities	30	38	34
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	416	441	421
Total Preferred & Common Equity	416	441	421
Preferred Stock	0.00	0.00	0.00
Total Common Equity	416	441	421
Common Stock	368	374	378
Retained Earnings	49	68	45
Accumulated Other Comprehensive Income / (Loss)	-0.94	-0.71	-1.16

This table presents Holley's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,257	1,242	1,251	1,219	1,192	1,198	1,184
Total Current Assets	325	324	333	305	290	301	299
Cash & Equivalents	17	21	43	37	41	53	51
Accounts Receivable	60	56	57	47	49	56	44
Inventories, net	231	229	218	207	184	174	179
Prepaid Expenses	18	18	16	13	16	16	16
Other Current Assets	-	-	-	-	-	2.10	7.70
Plant, Property, & Equipment, net	55	51	50	48	46	43	43
Total Noncurrent Assets	877	868	868	866	856	853	843
Goodwill	417	418	419	419	419	419	413
Intangible Assets	428	421	418	414	407	403	399
Other Noncurrent Operating Assets	31	28	31	34	30	31	31
Total Liabilities & Shareholders' Equity	1,257	1,242	1,251	1,219	1,192	1,198	1,184
Total Liabilities	839	822	815	781	747	735	725
Total Current Liabilities	96	96	103	89	102	108	102
Short-Term Debt	6.00	6.57	6.57	6.57	7.44	7.44	7.48
Accounts Payable	44	37	44	40	50	59	53
Accrued Expenses	42	46	47	42	44	41	41
Other Current Nonoperating Liabilities	4.78	5.91	6.26	0.32	0.44	0.36	0.49
Total Noncurrent Liabilities	742	726	712	692	645	627	624
Long-Term Debt	636	636	629	604	560	549	549
Noncurrent Deferred & Payable Income Tax Liabilities	66	56	48	50	52	49	45
Other Noncurrent Operating Liabilities	41	34	35	39	33	30	30
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	418	420	435	438	445	463	459
Total Preferred & Common Equity	418	420	435	438	445	463	459
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	418	420	435	438	445	463	459
Common Stock	353	368	370	372	374	375	377
Retained Earnings	64	53	66	67	72	89	83
Accumulated Other Comprehensive Income / (Loss)	1.00	-1.14	-0.87	-1.05	-0.90	-0.85	-0.47

This table displays calculated financial ratios and metrics derived from Holley's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	-0.64%	-4.17%	-8.71%
EBITDA Growth	133.05%	-20.67%	-53.24%
EBIT Growth	229.37%	-26.24%	-71.96%
NOPAT Growth	-11.86%	36.74%	-84.30%
Net Income Growth	371.84%	-74.00%	-221.14%
EPS Growth	146.67%	14.29%	-225.00%
Operating Cash Flow Growth	-42.96%	615.50%	-46.76%
Free Cash Flow Firm Growth	-1,273.45%	255.95%	-39.17%
Invested Capital Growth	14.10%	-5.90%	-6.81%
Revenue Q/Q Growth	-3.59%	0.23%	-2.53%
EBITDA Q/Q Growth	-7.04%	27.64%	-46.48%
EBIT Q/Q Growth	-8.69%	42.50%	-66.59%
NOPAT Q/Q Growth	-35.72%	136.15%	-83.22%
Net Income Q/Q Growth	3.49%	596.95%	-247.53%
EPS Q/Q Growth	-68.18%	134.04%	-266.67%
Operating Cash Flow Q/Q Growth	39.43%	54.52%	-36.62%
Free Cash Flow Firm Q/Q Growth	0.00%	97.65%	-28.28%
Invested Capital Q/Q Growth	-0.16%	-2.65%	-4.89%
Profitability Metrics	-	-	-
Gross Margin	36.85%	38.82%	39.61%
EBITDA Margin	21.93%	18.15%	9.30%
Operating Margin	7.37%	14.25%	2.44%
EBIT Margin	17.26%	13.28%	4.08%
Profit (Net Income) Margin	10.72%	2.91%	-3.86%
Tax Burden Percent	94.26%	69.55%	88.48%
Interest Burden Percent	65.88%	31.47%	-106.87%
Effective Tax Rate	5.74%	30.45%	0.00%
Return on Invested Capital (ROIC)	4.87%	6.44%	1.08%
ROIC Less NNEP Spread (ROIC-NNEP)	9.05%	-1.43%	-5.36%
Return on Net Nonoperating Assets (RNNOA)	15.61%	-1.96%	-6.47%
Return on Equity (ROE)	20.48%	4.48%	-5.39%
Cash Return on Invested Capital (CROIC)	-8.30%	12.52%	8.13%
Operating Return on Assets (OROA)	9.73%	7.14%	2.10%
Return on Assets (ROA)	6.04%	1.56%	-1.99%
Return on Common Equity (ROCE)	20.48%	4.48%	-5.39%
Return on Equity Simple (ROE_SIMPLE)	17.73%	4.35%	-5.52%
Net Operating Profit after Tax (NOPAT)	48	65	10
NOPAT Margin	6.95%	9.91%	1.70%
Net Nonoperating Expense Percent (NNEP)	-4.17%	7.87%	6.44%
Return On Investment Capital (ROIC_SIMPLE)	4.48%	6.38%	1.05%
Cost of Revenue to Revenue	63.15%	61.18%	60.39%
SG&A Expenses to Revenue	21.89%	18.23%	21.94%
R&D to Revenue	4.22%	3.61%	3.11%
Operating Expenses to Revenue	29.48%	24.56%	37.17%
Earnings before Interest and Taxes (EBIT)	119	88	25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	151	120	56
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.60	0.01	0.86
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.36	0.01	0.60
Price to Earnings (P/E)	3.40	0.28	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	29.43%	360.08%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.84	0.56	0.94
Enterprise Value to Revenue (EV/Rev)	1.27	0.83	1.43
Enterprise Value to EBITDA (EV/EBITDA)	5.80	4.58	15.33
Enterprise Value to EBIT (EV/EBIT)	7.37	6.26	34.93
Enterprise Value to NOPAT (EV/NOPAT)	18.30	8.39	83.59
Enterprise Value to Operating Cash Flow (EV/OCF)	71.08	6.23	18.30
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	4.31	11.10
Leverage & Solvency	-	-	-
Debt to Equity	1.56	1.32	1.31
Long-Term Debt to Equity	1.55	1.31	1.30
Financial Leverage	1.73	1.37	1.21
Leverage Ratio	3.39	2.86	2.71
Compound Leverage Factor	2.23	0.90	-2.90
Debt to Total Capital	61.00%	56.97%	56.75%
Short-Term Debt to Total Capital	0.66%	0.73%	0.74%
Long-Term Debt to Total Capital	60.34%	56.25%	56.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	39.00%	43.03%	43.25%
Debt to EBITDA	4.31	4.88	9.87
Net Debt to EBITDA	4.14	4.54	8.87
Long-Term Debt to EBITDA	4.26	4.82	9.74
Debt to NOPAT	13.60	8.93	53.82
Net Debt to NOPAT	13.06	8.30	48.36
Long-Term Debt to NOPAT	13.46	8.82	53.12
Altman Z-Score	1.31	1.07	1.18
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	3.21	3.17	3.12
Quick Ratio	0.72	0.95	0.97
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-81	127	77
Operating Cash Flow to CapEx	96.93%	1,978.26%	923.57%
Free Cash Flow to Firm to Interest Expense	-2.03	2.12	1.52
Operating Cash Flow to Interest Expense	0.31	1.47	0.92
Operating Cash Flow Less CapEx to Interest Expense	-0.01	1.39	0.82
Efficiency Ratios	-	-	-
Asset Turnover	0.56	0.54	0.52
Accounts Receivable Turnover	13.98	13.82	14.26
Inventory Turnover	2.08	1.90	1.89
Fixed Asset Turnover	13.28	13.28	13.66
Accounts Payable Turnover	9.59	9.11	8.22
Days Sales Outstanding (DSO)	26.11	26.40	25.60
Days Inventory Outstanding (DIO)	175.72	192.55	193.09
Days Payable Outstanding (DPO)	38.06	40.08	44.40
Cash Conversion Cycle (CCC)	163.77	178.87	174.29
Capital & Investment Metrics	-	-	-
Invested Capital	1,046	985	918
Invested Capital Turnover	0.70	0.65	0.63
Increase / (Decrease) in Invested Capital	129	-62	-67
Enterprise Value (EV)	875	548	858
Market Capitalization	251	5.33	362
Book Value per Share	$3.52	$403.34	$3.52
Tangible Book Value per Share	($3.61)	($355.08)	($2.82)
Total Capital	1,067	1,025	974
Total Debt	651	584	553
Total Long-Term Debt	644	577	545
Net Debt	624	543	496
Capital Expenditures (CapEx)	13	4.45	5.08
Debt-free, Cash-free Net Working Capital (DFCFNWC)	205	170	153
Debt-free Net Working Capital (DFNWC)	231	211	209
Net Working Capital (NWC)	224	204	202
Net Nonoperating Expense (NNE)	-26	46	34
Net Nonoperating Obligations (NNO)	630	544	496
Total Depreciation and Amortization (D&A)	32	32	31
Debt-free, Cash-free Net Working Capital to Revenue	29.71%	25.77%	25.45%
Debt-free Net Working Capital to Revenue	33.51%	32.00%	34.77%
Net Working Capital to Revenue	32.50%	30.87%	33.57%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.63	$0.16	($0.20)
Adjusted Weighted Average Basic Shares Outstanding	116.76M	117.38M	118.44M
Adjusted Diluted Earnings per Share	$0.14	$0.16	($0.20)
Adjusted Weighted Average Diluted Shares Outstanding	117.25M	118.51M	118.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	118.24M	118.80M	119.96M
Normalized Net Operating Profit after Tax (NOPAT)	54	67	45
Normalized NOPAT Margin	7.89%	10.19%	7.54%
Pre Tax Income Margin	11.37%	4.18%	-4.36%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	2.95	1.46	0.48
NOPAT to Interest Expense	1.19	1.09	0.20
EBIT Less CapEx to Interest Expense	2.64	1.39	0.38
NOPAT Less CapEx to Interest Expense	0.87	1.02	0.10
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Holley's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.07%	-14.26%	-13.92%	-2.32%	1.13%	1.00%	-7.88%	-3.29%	-14.37%	-10.05%
EBITDA Growth	424.87%	-82.96%	-17.72%	-42.36%	-49.49%	1,091.44%	-32.25%	15.34%	-40.90%	-173.82%
EBIT Growth	282.96%	-207.34%	-23.30%	-48.66%	-59.28%	441.56%	-42.00%	19.88%	-56.28%	-245.08%
NOPAT Growth	138.71%	-159.34%	-24.90%	-2.71%	59.73%	229.44%	-29.33%	9.32%	-23.77%	-265.72%
Net Income Growth	204.57%	14.05%	-74.81%	-68.00%	-97.62%	107.89%	-12.17%	31.79%	-936.17%	-3,243.26%
EPS Growth	196.43%	-90.91%	-73.33%	-68.57%	-96.30%	0.00%	-25.00%	27.27%	-600.00%	0.00%
Operating Cash Flow Growth	59.65%	104.44%	-80.17%	1,138.68%	359.37%	21,000.68%	417.81%	-16.48%	-107.78%	-86.79%
Free Cash Flow Firm Growth	75.83%	0.00%	91.04%	98.87%	120.54%	153.28%	205.81%	913.25%	21.05%	-36.76%
Invested Capital Growth	24.50%	14.10%	11.00%	3.42%	-3.49%	-5.90%	-7.29%	-6.61%	-4.61%	-6.81%
Revenue Q/Q Growth	-13.74%	-0.39%	11.70%	1.78%	-10.69%	-0.53%	1.88%	6.85%	-20.92%	4.49%
EBITDA Q/Q Growth	-19.03%	-95.21%	1,468.48%	8.78%	-29.04%	12.93%	-22.28%	85.21%	-63.64%	-241.06%
EBIT Q/Q Growth	-22.62%	-114.39%	491.92%	11.88%	-38.63%	20.69%	-30.01%	131.25%	-77.62%	-500.51%
NOPAT Q/Q Growth	-86.33%	-395.70%	300.66%	19.97%	-77.56%	139.63%	9.56%	85.57%	-84.35%	-620.96%
Net Income Q/Q Growth	-22.15%	-148.22%	127.89%	205.60%	-94.21%	59.84%	210.32%	358.58%	-136.76%	-500.86%
EPS Q/Q Growth	-22.86%	-333.33%	106.35%	175.00%	-90.91%	0.00%	0.00%	366.67%	-135.71%	-540.00%
Operating Cash Flow Q/Q Growth	-449.19%	101.71%	2,358.78%	744.85%	-26.88%	38.92%	-39.66%	36.27%	-106.81%	336.04%
Free Cash Flow Firm Q/Q Growth	80.06%	31.65%	38.82%	86.49%	463.85%	77.24%	21.50%	3.80%	-45.84%	-7.41%
Invested Capital Q/Q Growth	4.73%	-0.16%	0.17%	-1.27%	-2.27%	-2.65%	-1.31%	-0.54%	-0.18%	-4.89%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.27%	30.65%	39.32%	39.80%	37.29%	38.70%	32.82%	41.47%	39.02%	45.62%
EBITDA Margin	31.69%	1.52%	18.64%	19.92%	15.83%	17.97%	13.71%	23.76%	10.92%	-14.75%
Operating Margin	1.98%	-8.76%	15.08%	17.09%	12.34%	12.07%	6.43%	16.45%	4.15%	-20.69%
EBIT Margin	26.27%	-3.79%	14.00%	15.39%	10.58%	12.83%	8.82%	19.08%	5.40%	-20.70%
Profit (Net Income) Margin	20.40%	-9.88%	2.47%	7.41%	0.48%	0.77%	2.35%	10.09%	-4.69%	-26.98%
Tax Burden Percent	104.45%	77.69%	73.06%	76.00%	26.44%	65.15%	131.38%	89.27%	80.91%	93.32%
Interest Burden Percent	74.35%	335.03%	24.11%	63.30%	17.18%	9.23%	20.30%	59.25%	-107.38%	139.66%
Effective Tax Rate	-4.45%	0.00%	26.94%	24.00%	73.56%	34.85%	-31.38%	10.73%	0.00%	0.00%
Return on Invested Capital (ROIC)	1.56%	-4.30%	7.31%	8.38%	2.09%	5.11%	5.41%	9.40%	1.82%	-9.17%
ROIC Less NNEP Spread (ROIC-NNEP)	6.55%	-5.23%	4.92%	6.77%	1.36%	3.23%	3.73%	7.98%	-0.07%	-12.54%
Return on Net Nonoperating Assets (RNNOA)	9.91%	-9.02%	7.98%	10.04%	1.91%	4.42%	4.98%	9.80%	-0.08%	-15.12%
Return on Equity (ROE)	11.47%	-13.32%	15.28%	18.41%	4.00%	9.53%	10.39%	19.20%	1.73%	-24.29%
Cash Return on Invested Capital (CROIC)	0.00%	-8.30%	-6.27%	1.11%	6.24%	12.52%	13.45%	13.33%	10.91%	8.13%
Operating Return on Assets (OROA)	15.67%	-2.14%	7.43%	8.05%	5.62%	6.90%	4.68%	9.98%	2.78%	-10.67%
Return on Assets (ROA)	12.17%	-5.57%	1.31%	3.87%	0.26%	0.42%	1.25%	5.28%	-2.41%	-13.91%
Return on Common Equity (ROCE)	11.47%	-13.32%	15.28%	18.41%	4.00%	9.53%	10.39%	19.20%	1.73%	-24.29%
Return on Equity Simple (ROE_SIMPLE)	17.04%	0.00%	14.55%	7.71%	0.63%	0.00%	4.19%	4.92%	3.43%	0.00%
Net Operating Profit after Tax (NOPAT)	3.20	-9.46	19	23	5.11	12	13	25	3.89	-20
NOPAT Margin	2.07%	-6.13%	11.02%	12.99%	3.26%	7.86%	8.45%	14.68%	2.91%	-14.48%
Net Nonoperating Expense Percent (NNEP)	-4.99%	0.93%	2.39%	1.61%	0.72%	1.88%	1.68%	1.41%	1.89%	3.36%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.89%	-	-	-	1.19%	-	-	-	-2.08%
Cost of Revenue to Revenue	68.73%	69.35%	60.68%	60.20%	62.71%	61.30%	67.18%	58.53%	60.98%	54.38%
SG&A Expenses to Revenue	20.62%	31.26%	17.43%	16.60%	18.45%	20.71%	20.80%	20.40%	22.46%	24.61%
R&D to Revenue	3.90%	4.34%	3.86%	3.53%	3.90%	3.15%	3.03%	2.54%	3.45%	3.55%
Operating Expenses to Revenue	29.29%	39.42%	24.24%	22.71%	24.95%	26.63%	26.38%	25.02%	34.87%	66.31%
Earnings before Interest and Taxes (EBIT)	41	-5.85	24	27	17	20	14	32	7.24	-29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	49	2.35	32	35	25	28	22	40	15	-21
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.14	0.60	0.77	1.11	1.35	0.01	1.19	0.92	0.79	0.86
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.67	0.36	0.49	0.74	0.90	0.01	0.82	0.67	0.59	0.60
Price to Earnings (P/E)	6.71	3.40	5.30	14.41	214.58	0.28	28.39	18.74	23.04	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	14.91%	29.43%	18.88%	6.94%	0.47%	360.08%	3.52%	5.34%	4.34%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.05	0.84	0.90	1.04	1.15	0.56	1.09	0.96	0.90	0.94
Enterprise Value to Revenue (EV/Rev)	1.54	1.27	1.43	1.64	1.77	0.83	1.63	1.45	1.41	1.43
Enterprise Value to EBITDA (EV/EBITDA)	6.79	5.80	6.58	9.12	12.40	4.58	9.66	8.11	8.30	15.33
Enterprise Value to EBIT (EV/EBIT)	8.48	7.37	8.51	12.58	18.93	6.26	13.63	11.23	11.81	34.93
Enterprise Value to NOPAT (EV/NOPAT)	14.82	18.30	22.83	23.64	42.02	8.39	17.79	14.30	14.20	83.59
Enterprise Value to Operating Cash Flow (EV/OCF)	124.92	71.08	0.00	41.64	20.41	6.23	10.23	9.47	11.74	18.30
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	95.13	18.10	4.31	7.78	6.97	8.06	11.10
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.53	1.56	1.53	1.46	1.39	1.32	1.28	1.20	1.21	1.31
Long-Term Debt to Equity	1.52	1.55	1.51	1.45	1.38	1.31	1.26	1.18	1.20	1.30
Financial Leverage	1.51	1.73	1.62	1.48	1.41	1.37	1.33	1.23	1.20	1.21
Leverage Ratio	3.18	3.39	3.28	3.06	2.89	2.86	2.81	2.73	2.68	2.71
Compound Leverage Factor	2.37	11.36	0.79	1.94	0.50	0.26	0.57	1.61	-2.88	3.78
Debt to Total Capital	60.54%	61.00%	60.46%	59.36%	58.21%	56.97%	56.06%	54.56%	54.81%	56.75%
Short-Term Debt to Total Capital	0.57%	0.66%	0.62%	0.61%	0.63%	0.73%	0.74%	0.73%	0.74%	0.74%
Long-Term Debt to Total Capital	59.97%	60.34%	59.84%	58.75%	57.59%	56.25%	55.32%	53.83%	54.07%	56.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	39.46%	39.00%	39.54%	40.64%	41.79%	43.03%	43.94%	45.44%	45.19%	43.25%
Debt to EBITDA	3.95	4.31	4.47	5.39	6.50	4.88	5.19	4.85	5.32	9.87
Net Debt to EBITDA	3.85	4.14	4.33	5.02	6.11	4.54	4.81	4.38	4.83	8.87
Long-Term Debt to EBITDA	3.91	4.26	4.43	5.33	6.43	4.82	5.12	4.78	5.25	9.74
Debt to NOPAT	8.62	13.60	15.51	13.96	22.03	8.93	9.56	8.55	9.09	53.82
Net Debt to NOPAT	8.40	13.06	15.01	13.02	20.70	8.30	8.87	7.73	8.26	48.36
Long-Term Debt to NOPAT	8.54	13.46	15.35	13.82	21.79	8.82	9.43	8.43	8.97	53.12
Altman Z-Score	1.31	0.99	1.11	1.25	1.33	0.89	1.28	1.27	1.14	1.02
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.37	3.21	3.39	3.23	3.43	3.17	2.85	2.80	2.93	3.12
Quick Ratio	0.79	0.72	0.81	0.97	0.95	0.95	0.88	1.02	0.94	0.97
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-203	-139	-85	-11	42	74	90	93	51	47
Operating Cash Flow to CapEx	-454.48%	10.35%	532.80%	1,809.54%	3,025.57%	2,351.58%	1,727.13%	1,937.96%	-562.06%	175.50%
Free Cash Flow to Firm to Interest Expense	-19.47	-10.32	-4.64	-1.16	3.04	4.08	8.06	7.08	3.36	4.07
Operating Cash Flow to Interest Expense	-0.83	0.01	0.20	3.11	1.64	1.72	1.69	1.95	-0.12	0.36
Operating Cash Flow Less CapEx to Interest Expense	-1.01	-0.10	0.16	2.93	1.59	1.65	1.59	1.85	-0.14	0.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.60	0.56	0.53	0.52	0.53	0.54	0.53	0.52	0.51	0.52
Accounts Receivable Turnover	12.41	13.98	11.01	11.39	12.29	13.82	12.31	11.32	13.45	14.26
Inventory Turnover	2.19	2.08	2.01	1.96	1.90	1.90	1.96	2.04	1.98	1.89
Fixed Asset Turnover	13.58	13.28	12.49	12.42	12.81	13.28	13.32	13.74	13.62	13.66
Accounts Payable Turnover	9.60	9.59	10.64	10.15	9.97	9.11	9.26	7.80	8.28	8.22
Days Sales Outstanding (DSO)	29.41	26.11	33.15	32.06	29.70	26.40	29.66	32.24	27.14	25.60
Days Inventory Outstanding (DIO)	166.45	175.72	181.75	186.41	192.44	192.55	185.81	178.68	184.16	193.09
Days Payable Outstanding (DPO)	38.00	38.06	34.32	35.97	36.62	40.08	39.43	46.78	44.08	44.40
Cash Conversion Cycle (CCC)	157.86	163.77	180.58	182.50	185.52	178.87	176.03	164.14	167.22	174.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,048	1,046	1,048	1,035	1,011	985	972	967	965	918
Invested Capital Turnover	0.76	0.70	0.66	0.64	0.64	0.65	0.64	0.64	0.63	0.63
Increase / (Decrease) in Invested Capital	206	129	104	34	-37	-62	-76	-68	-47	-67
Enterprise Value (EV)	1,103	875	946	1,077	1,164	548	1,056	930	869	858
Market Capitalization	478	251	324	484	591	5.33	530	427	363	362
Book Value per Share	$3.54	$3.52	$3.56	$3.68	$3.70	$403.34	$3.75	$3.88	$3.83	$3.52
Tangible Book Value per Share	($3.62)	($3.61)	($3.54)	($3.39)	($3.34)	($355.08)	($3.21)	($3.01)	($2.95)	($2.82)
Total Capital	1,060	1,067	1,063	1,071	1,048	1,025	1,012	1,019	1,015	974
Total Debt	642	651	643	636	610	584	568	556	556	553
Total Long-Term Debt	636	644	636	629	604	577	560	549	549	545
Net Debt	625	624	622	593	573	543	526	503	506	496
Capital Expenditures (CapEx)	1.91	1.43	0.68	1.70	0.74	1.33	1.09	1.33	0.31	2.35
Debt-free, Cash-free Net Working Capital (DFCFNWC)	218	205	214	194	186	170	154	148	153	153
Debt-free Net Working Capital (DFNWC)	235	231	235	237	222	211	196	201	204	209
Net Working Capital (NWC)	229	224	229	230	216	204	188	194	197	202
Net Nonoperating Expense (NNE)	-28	5.77	15	9.79	4.36	11	9.68	7.78	10	17
Net Nonoperating Obligations (NNO)	630	630	628	600	574	544	527	503	506	496
Total Depreciation and Amortization (D&A)	8.38	8.20	7.98	7.93	8.22	7.99	7.76	7.93	7.40	8.34
Debt-free, Cash-free Net Working Capital to Revenue	30.57%	29.71%	32.45%	29.54%	28.19%	25.77%	23.90%	23.10%	24.83%	25.45%
Debt-free Net Working Capital to Revenue	32.90%	33.51%	35.60%	36.05%	33.78%	32.00%	30.26%	31.39%	33.04%	34.77%
Net Working Capital to Revenue	32.06%	32.50%	34.61%	35.05%	32.79%	30.87%	29.11%	30.23%	31.83%	33.57%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.27	($0.14)	$0.04	$0.11	$0.01	$0.00	$0.03	$0.14	($0.05)	($0.32)
Adjusted Weighted Average Basic Shares Outstanding	117.12M	116.76M	117.15M	117.22M	117.40M	117.38M	117.87M	118.47M	118.69M	118.44M
Adjusted Diluted Earnings per Share	$0.27	($0.63)	$0.04	$0.11	$0.01	$0.00	$0.03	$0.14	($0.05)	($0.32)
Adjusted Weighted Average Diluted Shares Outstanding	117.14M	117.25M	117.24M	117.87M	119.25M	118.51M	119.51M	119.26M	118.69M	118.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	118.24M	118.24M	118.27M	118.34M	1.09M	118.80M	119.31M	119.78M	119.80M	119.96M
Normalized Net Operating Profit after Tax (NOPAT)	4.71	-8.57	20	23	14	13	7.58	25	9.82	-20
Normalized NOPAT Margin	3.04%	-5.56%	11.59%	13.14%	8.83%	8.09%	4.78%	14.68%	7.32%	-14.48%
Pre Tax Income Margin	19.53%	-12.71%	3.38%	9.74%	1.82%	1.18%	1.79%	11.30%	-5.80%	-28.91%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.90	-0.44	1.32	2.73	1.21	1.10	1.25	2.45	0.48	-2.52
NOPAT to Interest Expense	0.31	-0.70	1.04	2.30	0.37	0.68	1.20	1.89	0.26	-1.76
EBIT Less CapEx to Interest Expense	3.72	-0.54	1.28	2.55	1.15	1.03	1.16	2.35	0.46	-2.73
NOPAT Less CapEx to Interest Expense	0.12	-0.81	1.00	2.13	0.32	0.60	1.11	1.79	0.24	-1.97
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Holley's Financials

When does Holley's financial year end?

According to the most recent income statement we have on file, Holley's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Holley's net income changed over the last 2 years?

Holley's net income appears to be on a downward trend, with a most recent value of -$23.24 million in 2024, falling from $73.77 million in 2022. The previous period was $19.18 million in 2023.

What is Holley's operating income?

Holley's total operating income in 2024 was $14.67 million, based on the following breakdown:

Total Gross Profit: $238.54 million
Total Operating Expenses: $223.88 million

How has Holley revenue changed over the last 2 years?

Over the last 2 years, Holley's total revenue changed from $688.42 million in 2022 to $602.22 million in 2024, a change of -12.5%.

How much debt does Holley have?

Holley's total liabilities were at $712.17 million at the end of 2024, a 6.6% decrease from 2023, and a 14.6% decrease since 2022.

How much cash does Holley have?

In the past 2 years, Holley's cash and equivalents has ranged from $26.15 million in 2022 to $56.09 million in 2024, and is currently $56.09 million as of their latest financial filing in 2024.

How has Holley's book value per share changed over the last 2 years?

Over the last 2 years, Holley's book value per share changed from 3.52 in 2022 to 3.52 in 2024, a change of -0.1%.

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This page (NYSE:HLLY) was last updated on 4/16/2025 by MarketBeat.com Staff

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Holley (HLLY) Financials

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Holley (HLLY) Financials

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