Forensic Analysis · Automotive / Vehicle Manufacturing · as of Aug 6, 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

Forensic signals

15.5

P / E (ttm)

4.3%

ROE

$369M

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). 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 Altman Z-score is 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 and steady — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.

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

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Data from SEC EDGAR public filings · metrics as of Aug 6, 2026. Forensic signals flag probability, not certainty.