Holley Inc. (HLLY) intrinsic value & 10-year financials

Holley Inc. (HLLY) has a Graham intrinsic value of $5.31 per share. At $2.49 on Oct 17, 2026, the stock trades 53% below that value. Over the last 8 fiscal years revenue grew 8.9% a year to $613.5M, with an average return on invested capital of 7.1%.

Graham intrinsic value
$5.31
Share price (Oct 17, 2026)
$2.49
Price vs Graham value
53% below
Market cap
$298.9M
Revenue (FY2025)
$613.5M
Revenue growth (8-yr CAGR)
8.9%
ROIC (10-yr avg)
7.1%
Free cash flow (FY2025)
$33.9M

HLLY 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $613.5M $19.2M $0.16 $33.9M 13.4% 6.0%
FY2024 $602.2M -$23.2M -$0.20 $40.1M 2.4% 1.3%
FY2023 $659.7M $19.2M $0.16 $82.2M 14.3% 6.3%
FY2022 $688.4M $73.8M $0.14 -$1.3M 7.4% 4.8%
FY2021 $692.8M -$27.1M -$0.30 $6.3M 11.2% 9.9%
FY2020 $504.2M $32.9M $0.49 $79.0M 16.9% 10.2%
FY2019 $368.7M $561.0K $0.01 $2.0M 12.5% 11.2%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Holley Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Holley Inc. has historically struggled to out-earn its cost of capital, averaging just 6.4% ROIC.

Holley Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Holley Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5.31 per share.

HLLY stock: frequently asked questions

What is the intrinsic value of Holley Inc. (HLLY) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, HLLY's intrinsic value is about $5.31 per share.

Is HLLY stock undervalued?

At $2.49 (close on Oct 17, 2026), HLLY trades 53% below its Graham value of $5.31. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Holley Inc. generate free cash flow?

Holley Inc. generated $33.9M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 6 of the last 7 reported years.

What is HLLY's return on invested capital?

Average ROIC over the last 8 fiscal years was 7.1%, and average return on equity was 5.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this HLLY data come from?

From Holley Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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