Forensic Analysis · Parts & Accessories Manufacturing · as of Nov 9, 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.
B · Sound & dependable
Forensic grade
Grey Zone
Financial health
2.5
Distress distance
3
Forensic signals
4.4%
ROE
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 (auditor quality, say on pay, board independence, going concern). 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 B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 2.5, placing it in the Grey zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
5.5%
FY2025
Return on invested capital.Return on invested capital is 5.5% in the latest fiscal year, against 6.1% in FY2023, having run between 1.1% and 6.1% across FY2023–FY2025 with no direction held. After-tax operating profit was $65M in FY2023 and $55M in FY2025, with operating income at 14.3% of revenue in FY2023, 2.4% in FY2024 and 13.4% in FY2025. The capital base behind it went from $1.1B in FY2023 to $1.0B in FY2025 (-7%), while the revenue it carried went from $660M to $614M. FY2024's operating profit carried a $41M goodwill write-off that alone took about 3.1 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it. A non-cash write-down lowers the reported return in the year it lands.
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.
$41M
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 (2yr)-3.6%
Net Margin3.1%
Free Cash Flow$33.9M
Return on Equity4.4%
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?