Hillman Solutions Corp. (HLMN) intrinsic value & 10-year financials

Hillman Solutions Corp. (HLMN) has a Graham intrinsic value of $2.91 per share. At $7.37 on Oct 17, 2026, the stock trades 153% above that value. Over the last 8 fiscal years revenue grew 4.2% a year to $1.6B, with an average return on invested capital of 2.7%.

Graham intrinsic value
$2.91
Share price (Oct 17, 2026)
$7.37
Price vs Graham value
153% above
Market cap
$1.5B
Revenue (FY2025)
$1.6B
Revenue growth (8-yr CAGR)
4.2%
ROIC (10-yr avg)
2.7%
Free cash flow (FY2025)
$35.1M

HLMN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.6B $40.3M $0.20 $35.1M 7.3% 4.3%
FY2024 $1.5B $17.3M $0.09 $98.1M 6.0% 3.1%
FY2023 $1.5B -$9.6M -$0.05 $172.3M 4.1% 3.1%
FY2022 $1.5B -$16.4M -$0.08 $49.4M 2.7% 1.9%
FY2021 $1.4B -$38.3M -$0.28 -$161.8M 0.7% 0.4%
FY2020 $1.4B -$24.5M -$0.27 $46.8M 4.8% 2.5%
FY2019 $1.2B -$85.5M -$0.96 -$5.4M 0.6% 3.2%
FY2018 — — — — — —

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

Executive summary

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

Hillman Solutions Corp. has historically struggled to out-earn its cost of capital, averaging just 2.6% ROIC.

Hillman Solutions Corp. 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, Hillman Solutions Corp. is modeled at 4.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.91 per share.

HLMN stock: frequently asked questions

What is the intrinsic value of Hillman Solutions Corp. (HLMN) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 4.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, HLMN's intrinsic value is about $2.91 per share.

Is HLMN stock undervalued?

At $7.37 (close on Oct 17, 2026), HLMN trades 153% above its Graham value of $2.91. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Hillman Solutions Corp. generate free cash flow?

Hillman Solutions Corp. generated $35.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 5 of the last 7 reported years.

What is HLMN's return on invested capital?

Average ROIC over the last 8 fiscal years was 2.7%, and average return on equity was -7.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this HLMN data come from?

From Hillman Solutions Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 4, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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