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
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.
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