Holley Inc. HLLY
Founded in 1903, Holley, Inc. has been a part of the automotive industry for well over a century. We design, manufacture, and distribute high-performance automotive aftermarket products to car and truck enthusiasts primarily in the United States, Canada and Europe. Our products span a number of automotive platforms and are sold across multiple channels. We are a leading manufacturer of a diversified line of performance automotive products, including carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners and automotive performance plumbing products. We are also a leading manufacturer of exhaust products as well as shifters, converters, transmission kits, transmissions, tuners and automotive software. Our products are designed to enhance street, off-road, recreational and competitive vehicle performance through increased horsepower, torque and drivability. We have locations in the United States, Canada, Italy and China.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Italy
| Region | FY2025 | FY2024 |
|---|---|---|
| United States | $598.0M | $583.4M |
| Italy | $15.5M | $18.8M |
As the company reported it, from the “REVENUE - Summary of Revenue Based on Geographic Location (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $613.5M | $602.2M | $659.7M | $688.4M | $692.8M | $504.2M | $368.7M | — |
| Cost of revenue | $347.3M | $363.7M | $403.6M | $434.8M | $406.0M | $295.9M | $219.9M | — |
| Gross profit | $266.2M | $238.5M | $256.1M | $253.7M | $286.8M | $208.2M | $148.8M | — |
| R&D | $18.8M | $18.7M | $23.8M | $29.1M | $28.3M | $23.5M | $20.6M | — |
| SG&A | $146.1M | $132.1M | $120.2M | $150.7M | $116.8M | $70.9M | $62.4M | — |
| Total operating expenses | $183.8M | $223.9M | $162.1M | $202.9M | $209.3M | $122.8M | $102.7M | — |
| Operating income | $82.5M | $14.7M | $94.0M | $50.7M | $77.5M | $85.5M | $46.1M | — |
| Interest expense | $51.8M | $50.7M | $60.7M | $40.2M | $39.1M | $43.8M | $50.4M | — |
| Pre-tax income | $28.6M | -$26.3M | $27.6M | $78.3M | -$16.7M | $41.7M | -$4.3M | — |
| Income tax | $9.5M | $3.0M | $8.4M | $4.5M | $10.4M | $8.8M | $4.9M | — |
| Net income | $19.2M | -$23.2M | $19.2M | $73.8M | -$27.1M | $32.9M | $561.0K | — |
| EPS, basic | 0.16 | -0.20 | 0.16 | 0.63 | -0.30 | 0.49 | 0.01 | — |
| EPS, diluted | 0.16 | -0.20 | 0.16 | 0.14 | -0.30 | 0.49 | 0.01 | — |
| Shares, diluted (wtd. avg.) | 120.0M | 118.4M | 118.5M | 117.2M | 90.0M | 67.7M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $37.2M | $56.1M | $41.1M | $26.1M | $36.3M | $71.7M | $8.3M | $11.0M |
| Inventory | $205.7M | $192.5M | $192.3M | $233.6M | $185.0M | $133.9M | — | — |
| Total current assets | $316.2M | $297.3M | $297.4M | $325.0M | $291.7M | $258.0M | — | — |
| Property, plant and equipment | $45.1M | $41.0M | $47.2M | $52.2M | $51.5M | $43.7M | — | — |
| Goodwill | $372.3M | $372.3M | $419.1M | $418.1M | $411.4M | $359.1M | $297.6M | — |
| Other intangibles | $396.9M | $386.7M | $410.5M | $424.9M | $438.5M | $404.5M | — | — |
| Total assets | $1.16B | $1.13B | $1.20B | $1.25B | $1.19B | $1.07B | — | — |
| Accounts payable | $60.1M | $44.8M | $43.7M | $44.9M | $45.7M | $34.6M | — | — |
| Short-term debt | $6.6M | $7.2M | $7.5M | $7.0M | $7.9M | $5.5M | — | — |
| Total current liabilities | $115.1M | $95.2M | $93.7M | $101.3M | $91.8M | $82.0M | — | — |
| Long-term debt | $516.1M | $545.4M | $576.7M | $643.6M | $637.7M | $649.5M | — | — |
| Total liabilities | $715.0M | $712.2M | $762.2M | $833.7M | $888.6M | $824.9M | — | — |
| Retained earnings | $63.9M | $44.7M | $68.0M | $48.8M | -$25.0M | $2.2M | — | — |
| Total equity | $448.9M | $421.2M | $441.2M | $416.0M | $304.5M | $240.4M | $205.4M | $204.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $46.2M | $46.9M | $88.1M | $12.3M | $21.6M | $88.4M | $9.4M | — |
| Depreciation and amortisation | $9.7M | $10.6M | $10.3M | $10.1M | $11.5M | $7.9M | $8.8M | — |
| Capital expenditure | $12.3M | $6.8M | $5.9M | $13.6M | $15.2M | $9.4M | $7.4M | — |
| Investing cash flow | -$32.2M | $2.0M | -$4.5M | -$25.0M | -$134.1M | -$165.6M | -$14.5M | — |
| Financing cash flow | -$32.6M | -$34.6M | -$69.0M | $2.9M | $77.2M | $140.5M | $2.4M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-018218.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $368.7M | $504.2M | $692.8M | $688.4M | $659.7M | $602.2M | $613.5M |
| Gross profit | — | $148.8M | $208.2M | $286.8M | $253.7M | $256.1M | $238.5M | $266.2M |
| Net income | — | $561.0K | $32.9M | -$27.1M | $73.8M | $19.2M | -$23.2M | $19.2M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event Item 8.01
- Results announced Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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