Filing Flows

Filing Flows › Companies › Hillman Solutions › Cash flow

Hillman Solutions cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$51.1M in Q3 2026 · $103M over twelve months

Operating cash flow$69.9M
Capital spending−$18.8M
Free cash flow+$51.1M
Cash / net income11.1×
Cash conversion cycle164 days

Analysis

In Q3 2026, Hillman Solutions generated $69.9M of operating cash flow and spent $18.8M on capital projects, leaving free cash flow of $51.1M.

Over the twelve months to Sep 26, 2026, operating cash flow was $169M; the largest uses were net borrowing (+) / repaid (−) ($686M), acquisitions ($315M), capital spending ($66.1M); besides operations, cash came from other financing ($930M), shares issued ($2.4M); the cash balance fell by $2.7M.

Operating cash flow was $69.9M against net income of $6.3M — 11.1× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$38.0M, inventory +$20.5M, payables +$17.0M.

Its cash conversion cycle was 164 days (receivables 32 + inventory 189 − payables 57).

Free cash flow

Hillman Solutions: free cash flow by quarterHillman Solutions: free cash flow by quarter$22.1MQ4 2024−$21.3MQ1 2025$31.2MQ2 2025$9.1MQ3 2025$16.1MQ4 2025−$34.3MQ1 2026$70.2MQ2 2026$51.1MQ3 2026
Operating cash flow less capital spending.
Hillman Solutions: operating cash flow against capital spendingHillman Solutions: operating cash flow against capital spendingOperating cash flowCapital spending$43.1M$21.0MQ4 2024−$655K$20.7MQ1 2025$48.7M$17.5MQ2 2025$26.2M$17.2MQ3 2025$30.9M$14.8MQ4 2025−$19.5M$14.8MQ1 2026$88.0M$17.8MQ2 2026$69.9M$18.8MQ3 2026
Latest (Q3 2026): Operating cash flow $69.9M, Capital spending $18.8M.

Capital allocation, year by year

Hillman Solutions: where the cash came from (up) and went (down), by fiscal yearHillman Solutions: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow −$110MFY2021: Net borrowing $574MFY2021: Shares issued $366MFY2021: Capital spending −$51.6MFY2021: Acquisitions −$38.9M$940MFY2021FY2022: Operating cash flow $119MFY2022: Net borrowing −$33.1MFY2022: Shares issued $2.6MFY2022: Capital spending −$69.6MFY2022: Acquisitions −$2.5M$122MFY2022FY2023: Operating cash flow $238MFY2023: Net borrowing −$74.4MFY2023: Shares issued $2.2MFY2023: Capital spending −$65.8MFY2023: Acquisitions −$1.7M$240MFY2023FY2024: Operating cash flow $183MFY2024: Net borrowing −$48.1MFY2024: Shares issued $9.7MFY2024: Capital spending −$85.2MFY2024: Acquisitions −$57.9M$193MFY2024FY2025: Operating cash flow $105MFY2025: Net borrowing −$40.2MFY2025: Shares issued $1.2MFY2025: Capital spending −$70.1MFY2025: Buybacks −$12.4M$106MFY2025
Over these 5 years operating cash flow totalled $535M; the largest uses were capital spending ($342M) and net borrowing ($196M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$35.1M
Debt$941M
Net debt$905M
Due within a year$9.2M

Hillman Solutions funds itself: free cash flow was $103M over the last twelve months, and $35.1M of cash and investments stands against $941M of debt ($9.2M due within a year, 3.8× covered by cash).

Hillman Solutions: debt maturities by year (FY2025)Hillman Solutions: debt maturities by year (FY2025)$9.2MYear 1$44.7MYear 2$620MYear 3
Principal due in each year as disclosed in the annual report, against $35.1M of cash and investments now.

Where the cash came from and went

Hillman Solutions: sources (+) and uses (−) of cash, Q3 2026Hillman Solutions: sources (+) and uses (−) of cash, Q3 2026Other financing$931MNet borrowing (+) / repaid (−)−$671MAcquisitions−$307MOperating cash flow$69.9MCapital spending−$18.8MBuybacks−$5.0MShares issued$909KCash drawn (+) / kept (−)$761KExchange rates−$72KOther investing−$49K
Hillman Solutions: sources (+) and uses (−) of cash, TTM to Q3 2026Hillman Solutions: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$930MNet borrowing (+) / repaid (−)−$686MAcquisitions−$315MOperating cash flow$169MCapital spending−$66.1MBuybacks−$37.6MCash drawn (+) / kept (−)$2.7MShares issued$2.4MOther investing−$242KExchange rates$26K

From profit to cash

Hillman Solutions: net income to operating cash flow, Q3 2026Hillman Solutions: net income to operating cash flow, Q3 2026Net income$6.3MDepreciation & amortization$38.0MStock-based pay$4.4MDeferred taxes−$3.6MGains on disposals$189KReceivables−$6.8MInventory$20.5MPayables$17.0MAccrued liabilities−$5.3MPrepaid and other assets−$834KOperating cash flow$69.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20263218957164
Q2 20263018253160
Q1 20263121964186
Q4 20253222572185
Q3 20253119774154
Q2 20253118070141
Q1 20253119169153
Q4 20243120576160

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$69.9M−$18.8M−$307M−$5.0M−$671M$909K$761K$51.1M
Q2 2026$88.0M−$17.8M—−$13.3M−$41.0M—−$8.1M$70.2M
Q1 2026−$19.5M−$14.8M—−$10.1M$43.5M$1.5M−$455K−$34.3M
Q4 2025$30.9M−$14.8M—−$9.3M−$16.7M$30K$10.5M$16.1M
Q3 2025$26.2M−$17.2M—−$3.2M−$3.6M$687K−$3.5M$9.1M
Q2 2025$48.7M−$17.5M——−$34.5M$184K$2.1M$31.2M
Q1 2025−$655K−$20.7M——$14.6M$306K$8.2M−$21.3M
Q4 2024$43.1M−$21.0M−$138K—−$41.1M$719K$15.3M$22.1M

Hillman Solutions: income statement and cash flow

Hillman Solutions, Q3 2026: revenue $457M (+8% year over year), operating margin 8.3%. The chart follows the revenue to costs, profit and cash.

Hillman Solutions: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.