Latest Ratios: P/E Ratio 38.9x · EV/EBITDA 9.0x · ROE 3.3%. (2018–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.5B | $1.8B | $1.9B | $1.8B | $1.4B | $1.4B | $942M | — | — |
| Enterprise Value | $2.3B | $2.6B | $2.7B | $2.6B | $2.3B | $2.4B | $2.6B | — | — |
| P/E Ratio → | 38.90 | 45.45 | 108.89 | — | — | — | — | — | — |
| P/S Ratio | 0.98 | 1.17 | 1.32 | 1.21 | 0.92 | 1.02 | 0.69 | — | — |
| P/B Ratio | 1.26 | 1.48 | 1.65 | 1.55 | 1.18 | 1.26 | 2.58 | — | — |
| P/FCF | 43.51 | 51.68 | 19.87 | 10.41 | 27.69 | — | 20.13 | — | — |
| P/OCF | 14.51 | 17.24 | 10.63 | 7.53 | 11.50 | — | 10.23 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.68 | 1.83 | 1.75 | 1.55 | 1.71 | 1.87 | — | — |
| EV / EBITDA | 9.00 | 10.11 | 12.33 | 14.19 | 14.42 | 18.63 | 13.25 | — | — |
| EV / EBIT | 19.80 | 22.24 | 31.45 | 42.52 | 57.81 | 129.19 | 35.63 | — | — |
| EV / FCF | — | 74.51 | 27.50 | 15.04 | 46.67 | — | 54.54 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.6% | 39.6% | 48.1% | 43.9% | 43.0% | 39.7% | 42.9% | 42.9% | 44.8% |
| Operating Margin | 7.6% | 7.6% | 6.0% | 4.1% | 2.7% | 0.7% | 4.8% | 0.6% | 3.2% |
| Net Profit Margin | 2.6% | 2.6% | 1.2% | -0.6% | -1.1% | -2.7% | -1.8% | -7.0% | -6.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.3% | 3.3% | 1.5% | -0.8% | -1.4% | -5.1% | -6.6% | -21.0% | -13.4% |
| ROA | 1.7% | 1.7% | 0.7% | -0.4% | -0.7% | -1.5% | -1.0% | -3.5% | -2.4% |
| ROIC | 4.5% | 4.5% | 3.4% | 2.3% | 1.4% | 0.4% | 2.5% | 0.3% | 1.2% |
| ROCE | 5.6% | 5.6% | 4.2% | 2.8% | 1.8% | 0.5% | 3.0% | 0.3% | 1.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.67 | 0.67 | 0.67 | 0.72 | 0.84 | 0.88 | 4.48 | 4.50 | 3.64 |
| Debt / EBITDA | 3.20 | 3.20 | 3.62 | 4.58 | 6.06 | 7.69 | 8.47 | 12.73 | 13.13 |
| Net Debt / Equity | — | 0.65 | 0.63 | 0.69 | 0.81 | 0.86 | 4.42 | 4.45 | 3.57 |
| Net Debt / EBITDA | 3.10 | 3.10 | 3.42 | 4.37 | 5.86 | 7.58 | 8.36 | 12.58 | 12.90 |
| Debt / FCF | — | 22.82 | 7.63 | 4.63 | 18.97 | — | 34.41 | — | — |
| Interest Coverage | 2.08 | 2.08 | 1.45 | 0.89 | 0.73 | 0.27 | 0.72 | 0.05 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.51 | 2.51 | 2.26 | 2.46 | 2.93 | 2.41 | 1.78 | 2.11 | 2.41 |
| Quick Ratio | 0.62 | 0.62 | 0.67 | 0.74 | 0.66 | 0.49 | 0.52 | 0.56 | 0.80 |
| Cash Ratio | 0.11 | 0.11 | 0.18 | 0.17 | 0.14 | 0.05 | 0.07 | 0.10 | 0.14 |
| Asset Turnover | — | 0.66 | 0.63 | 0.63 | 0.60 | 0.56 | 0.55 | 0.50 | 0.40 |
| Inventory Turnover | 1.93 | 1.93 | 1.89 | 2.17 | 1.73 | 1.61 | 2.00 | 2.14 | 1.68 |
| Days Sales Outstanding | — | 27.02 | 27.21 | 25.58 | 21.36 | 27.44 | 32.34 | 26.56 | 41.51 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.6% | 2.2% | 0.9% | — | — | — | — | — | — |
| FCF Yield | 2.3% | 1.9% | 5.0% | 9.6% | 3.6% | — | 5.0% | — | — |
| Buyback Yield | 0.8% | 0.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.8% | 0.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $199M | $199M | $195M | $190M | $135M | $90M | $188M | $545000 |
Retailer concentration and leverage
According to current market data, Hillman trades at a forward P/E of 14.53, which suggests that investors are pricing in a recovery in earnings power that has yet to materialize consistently in the company's reported quarterly financial results over the past ten periods.
The wide gap between the TTM P/E of 42.35 and the forward multiple indicates that the market is heavily discounting current bottom-line volatility in favor of projected margin expansion. This valuation appears to hinge on the successful scaling of the Robotics segment, as the current P/FCF of 47.37 implies that the market is paying a significant premium for future cash flow generation that remains highly sensitive to retail foot traffic.
Based on reported financial statements, Hillman's ROIC has struggled to gain traction, peaking at only 1.8% in 2025Q3, which indicates that the company is currently failing to generate returns that exceed the typical cost of capital for industrial manufacturing and distribution entities.
The persistent low-single-digit ROIC suggests that the company's heavy investment in the DSD service model and robotics infrastructure is not yet yielding the expected compounding effect on invested capital. Investors should monitor whether the recent shift toward higher-margin digital solutions can drive a structural improvement in these returns, or if the high fixed-cost base will continue to suppress capital efficiency.
As reported in the quarterly data, Hillman's cash conversion cycle remains elevated, reaching 186 days in 2026Q1, primarily driven by a high days-inventory-outstanding metric that reflects the logistical complexity of managing over 100,000 SKUs across a vast retail footprint.
The inability to compress the CCC suggests that the company's working capital management is structurally tied to the high-SKU, low-velocity nature of its hardware business. This inefficiency forces a reliance on external financing to bridge the gap between inventory procurement and final retail sale, which may limit the company's flexibility during periods of softening consumer demand.
Based on the latest financial disclosures, Hillman's interest coverage ratio has fluctuated significantly, dropping to 0.55 in 2026Q1, which indicates that the company's ability to service its debt obligations is currently under pressure compared to more stable industrial peers.
While the reported debt-to-equity ratio of 0.67 appears moderate, the volatility in interest coverage suggests that the company's earnings are not sufficiently robust to provide a comfortable margin of safety for creditors. This leverage profile warrants close investigation, as any further contraction in operating margins could rapidly impair the company's ability to meet its debt service requirements.
The most commonly misapplied metric for Hillman is the standard P/E ratio, which obscures the company's true earning power by failing to account for the heavy non-cash depreciation associated with its robotics kiosk fleet and the high stock-based compensation expenses.
Investors should instead focus on EV/EBITDA or cash-flow-based metrics to better understand the underlying operational performance of the DSD model. Relying on P/E in this context is misleading because it ignores the significant capital intensity required to maintain the company's competitive moat, which is better captured by analyzing the cash-flow-to-CapEx relationship.
Includes 30+ ratios · 8 years · Updated daily
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Quick answers to the most common questions about buying HLMN stock.
Hillman Solutions Corp.'s current P/E ratio is 38.9x. The historical average is 77.2x.
Hillman Solutions Corp.'s current EV/EBITDA is 9.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.8x.
Hillman Solutions Corp.'s return on equity (ROE) is 3.3%. The historical average is -5.4%.
Based on historical data, Hillman Solutions Corp. is trading at a P/E of 38.9x. Compare with industry peers and growth rates for a complete picture.
Hillman Solutions Corp. has 39.6% gross margin and 7.6% operating margin.
Hillman Solutions Corp.'s Debt/EBITDA ratio is 3.2x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.