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Hillman Solutions Corp. HLMN Hardware and Protective Solutions — Adjusted Warehouse expense

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NXHardware Solutions — Net Sales
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NXHardware Solutions — SG&A
$35.76M+10.9%

Other financials

Income statement

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Revenue$370.1M+3.0%
Gross profit$168.6M0.0%
Operating income$7.2M-52.0%
Net income-$4.7M-1,393%
EPS (diluted)-$0.02

Balance sheet

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Cash & equivalents$27.7M-23.6%
Total debt$855.2M+0.2%
Total equity$1.2B+2.9%
Total assets$2.4B+1.3%

Cash flow

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Operating cash flow-$19.5M-2,882%
CapEx$14.8M-28.3%
Free cash flow-$34.3M-61.2%

Valuation

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Market cap$1.76B-10.7%
Enterprise value$2.59B-6.2%
P/E49.2×-37.0×
P/S1.1×-0.2×

Profitability

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Gross margin48.4%+0.5pp
Operating margin6.8%+0.9pp
Net margin2.3%+1.0pp
FCF margin1.4%-4.2pp

Returns & leverage

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Return on equity3%+1.3pp
Debt / equity0.7×0.0×
Current ratio+0.5×

Where this comes from

Reported directly by Hillman Solutions Corp. in its filing.

Tagged under the XBRL concept hlmn:WarehouseExpenseAdjusted.

The source filing: Hillman Solutions Corp.’s 10-K, filed February 17, 2026.

Filed
Feb 17, 2026, 7:39 AM EST
Fiscal year
FY2025
Accession
0001822492-26-000019
Hardware and Protective SolutionsYear Ended December 27, 2025Year Ended December 28, 2024Year Ended December 30, 2023
Net Sales$1,193,957$1,107,993$1,090,473
Significant segment expenses
Adjusted cost of sales (exclusive of depreciation and amortization)(1)654,836617,689662,080
Adjusted selling expense(2)124,033114,351104,060
Adjusted Warehouse expense (3)144,720143,682143,308
Adjusted General and administrative expense(4)74,94977,38655,432
Other segment items(5)(831)(813)(1,788)
Segment Adjusted EBITDA$196,250$155,698$127,381

ITEM 8 – FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

FAQ

What is Hillman Solutions Corp.'s hardware and protective solutions — adjusted warehouse expense?
Hillman Solutions Corp. (HLMN) reported hardware and protective solutions — adjusted warehouse expense of $36.18M in Q4 2025.
How has Hillman Solutions Corp.'s hardware and protective solutions — adjusted warehouse expense changed year-over-year?
Hillman Solutions Corp.'s hardware and protective solutions — adjusted warehouse expense increased by 0.7% year-over-year, from $35.92M to $36.18M.
What is the long-term trend for Hillman Solutions Corp.'s hardware and protective solutions — adjusted warehouse expense?
Over 3 years (2022 to 2025), Hillman Solutions Corp.'s hardware and protective solutions — adjusted warehouse expense has grown at a 1.2% compound annual growth rate (CAGR), from $139.61M to $144.72M.
What does hardware and protective solutions — adjusted warehouse expense mean?
This represents the adjusted costs associated with the storage, handling, and distribution of inventory within the segment's supply chain. It reflects the operational efficiency of the segment's logistics network and warehouse management. Rising costs in this category may indicate inflationary pressures, increased inventory complexity, or inefficiencies in distribution operations.

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