Holley Inc. (HLLY) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Automotive / Vehicle Manufacturing · as of Sep 17, 2026
Holley Inc. (HLLY)
A forensic read on Holley Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Grey Zone
Financial health
2.3
Distress distance
Clean
Earnings quality
5
Forensic signals
34.8
P / E (ttm)
4.3%
ROE
$366M
Market cap
1.9%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Holley Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 2.3, placing it in the Grey zone. 5 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
5.4%
FY2025
Return on invested capital.Return on invested capital is 5.4% in the latest fiscal year, against 6% in FY2021, having run between 1.2% and 6.1% across FY2021–FY2025 with no direction held — well below the ~9% cost of capital we hold this sector to, and it has been across FY2021–FY2025, so reinvested dollars have not been earning their keep. The capital base behind it barely moved across FY2021–FY2025 ($1.1B to $1.0B, -5%), so there has been little new capital for that return to be earned on.
stopped
FY2020→FY2022
Shareholder returns — halted.Capital returns have STOPPED — $100,000 of buybacks + dividends in FY2020, but ~$0 in FY2022. A halt usually means the company is conserving cash.
209d
FY2024→FY2025
Inventory days.Days inventory outstanding moved from 193 to 209 FY2024→FY2025 (against cost of goods sold; inventory +7% vs -5% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.
+0.8%/yr
FY2022–FY2025
Share count.Diluted share count changed +2% over the last 3 years to FY2025 (+0.8%/yr). Roughly flat — the count is neither shrinking nor growing meaningfully. Per-share value isn't being meaningfully helped or hurt by the count.
$41M
FY2024–FY2024
Goodwill impairments.Took $41M of goodwill writedowns across 1 year (FY2024 ($41M)). Writedowns mean past acquisitions underperformed what was paid for them.
Key fundamentals
Latest Revenue$613.5M
Revenue Growth YoY+1.9%
Revenue CAGR (3yr)-3.8%
Net Margin3.1%
Free Cash Flow$33.9M
Return on Equity4.3%
Debt / Equity1.16x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Holley Inc.'s actual 10-K/10-Q/8-K filings?