HLMN Hillman Solutions Corp. - Common Stock
$8.65
Price · Aug 19, 2026
Fundamentals as of Aug 4, 2026
52W Range
$7–$11
43% of range
Analyst Rating
BUY
14 analysts
Price Target
$12
+44% upside
P/E (TTM)
43.2
ROE
3.3%
Net Profit Margin
2.6%
HLMN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$8.64
Market Cap
$1.70B
P/E (TTM)
43.2
EPS (TTM)
$0.20
Revenue (TTM)
$1.55B
Div Yield
—
ROE
3.3%
Debt/Equity
0.5
52W Range
$7 – $11
HLMN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$1.55B
2019-12-28
→
2025-12-27
EPS
$0.20
2019-12-28
→
2025-12-27
Free Cash Flow
$35M
2021-12-25
→
2025-12-27
Margins
2.6%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
HLMN
Peer Median
P/E (TTM)
43.2
40.7
P/S (TTM)
1.1
1.5
P/B
1.4
1.8
EV / EBITDA
9.2
—
Price / FCF
48.4
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
HLMN
Peer Median
Operating Margin
7.3%
—
Net Profit Margin
2.6%
2.0%
ROA
1.7%
1.6%
ROE
3.3%
3.3%
ROIC
4.3%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
HLMN
Peer Median
Debt / Equity
0.5
—
Current Ratio
2.5
2.1
Quick Ratio
0.6
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
HLMN
Peer Median
Revenue YoY
5.4%
—
Revenue CAGR 3Y
1.5%
—
Revenue CAGR 5Y
2.5%
—
EPS YoY
122.2%
—
Net Income YoY
133.6%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
HLMN
Peer Median
HLMN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
14 analysts
- Strong Buy 4 28.6%
- Buy 7 50.0%
- Hold 3 21.4%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
7 analysts · 2026-08-16
Median
$12.00
Mean
$12.43
← Below all targets
$8.64
Low
$11.00
High
$14.00
Median target
$12.00
+38.8%
Mean target
$12.43
+43.8%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.00%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.17 | $0.17 | -0.00% |
| March 31, 2026 | $0.07 | $0.08 | -0.01% |
| Dec. 31, 2025 | $0.10 | $0.10 | 0.00% |
| Sept. 30, 2025 | $0.22 | $0.21 | 0.01% |
| June 30, 2025 | $0.17 | $0.15 | 0.02% |
| March 31, 2025 | $0.10 | $0.10 | 0.00% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| HLMN | $1.79B | 45.5 | 5.4% | 2.6% | 3.3% | — |
| GRC | $1.26B | 23.6 | 3.4% | 7.8% | 13.1% | 30.6% |
| MFP | — | — | — | — | — | — |
| PRLB | $1.20B | 57.5 | 6.4% | 4.0% | 3.2% | 44.5% |
| EPAC | — | 24.9 | 4.7% | 15.0% | 22.1% | 50.5% |
| AIN | — | -26.1 | -3.9% | -4.9% | -6.9% | 20.6% |
| GHM | $874M | 70.5 | 16.9% | 5.1% | 9.3% | 23.5% |
| TNC | $1.32B | 31.2 | -6.5% | 3.6% | 7.2% | 40.2% |
| SSYS | — | — | — | — | — | — |
| PKOH | $389M | 12.3 | -3.5% | 1.5% | 6.7% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.55B | $1.47B | $1.48B | $1.49B | $1.43B | · | · | |
| R&D Expense | $1M | $1M | $3M | $2M | $2M | · | · | |
| SG&A Expense | $502M | $489M | $452M | $481M | $438M | $1M | $0 | |
| Operating Income | $114M | $89M | $61M | $40M | $10M | $-1M | $0 | |
| Interest Income | · | · | · | · | · | $78.6K | $0 | |
| Other Non-op | · | · | · | · | · | $-28M | $0 | |
| Pretax Income | $57M | $27M | $-7M | $-15M | $-50M | $-29M | $0 | |
| Income Tax | $16M | $9M | $2M | $2M | $-12M | $0 | $0 | |
| Net Income | $40M | $17M | $-10M | $-16M | $-38M | $-29M | $0 | |
| EPS (Basic) | $0.20 | $0.09 | $-0.05 | $-0.08 | $-0.28 | · | · | |
| EPS (Diluted) | $0.20 | $0.09 | $-0.05 | $-0.08 | $-0.28 | · | · | |
| Shares (Basic) | 197,451,000 | 196,108,000 | 194,722,000 | 194,249,000 | 134,699,000 | 9,654,569 | 6,037,500 | |
| Shares (Diluted) | 199,480,000 | 198,915,000 | 194,722,000 | 194,249,000 | 134,699,000 | 9,654,569 | 6,037,500 | |
| EBITDA | $255M | $219M | $183M | $160M | $131M | $-1M | · |
Balance Sheet 29
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $27M | $45M | $39M | $31M | $15M | $1M | $0 | |
| Receivables | $115M | $110M | $103M | $87M | $107M | · | · | |
| Inventory | $486M | $404M | $383M | $489M | $534M | · | · | |
| Prepaid Expense | · | · | · | · | · | $105.8K | $0 | |
| Other Current Assets | $18M | $15M | $23M | $24M | $13M | · | · | |
| Current Assets | $646M | $573M | $548M | $632M | $668M | $1M | $0 | |
| PP&E (Net) | $231M | $224M | $201M | $190M | $174M | · | · | |
| PP&E (Gross) | $660M | $600M | $534M | $524M | $458M | · | · | |
| Accum. Depreciation | $429M | $376M | $334M | $333M | $284M | · | · | |
| Goodwill | $831M | $829M | $825M | $824M | $825M | · | · | |
| Intangibles | $546M | $606M | $655M | $734M | $795M | · | · | |
| Other Non-current Assets | $26M | $17M | $15M | $24M | $17M | · | · | |
| Total Assets | $2.36B | $2.33B | $2.33B | $2.47B | $2.56B | $501M | $0 | |
| Accounts Payable | $142M | $139M | $140M | $132M | $186M | $127.5K | $0 | |
| Current Liabilities | $258M | $254M | $223M | $215M | $277M | $127.5K | $0 | |
| Capital Leases | $63M | $71M | $80M | $61M | $74M | · | · | |
| Deferred Tax | $132M | $125M | $132M | $140M | $138M | · | · | |
| Other Non-current Liabilities | $6M | $7M | $10M | $12M | $17M | · | · | |
| Total Liabilities | $1.13B | $1.15B | $1.18B | $1.31B | $1.41B | $73M | $0 | |
| Long-term Debt | $668M | $692M | $732M | $885M | $907M | · | · | |
| Total Debt | $668M | $692M | $732M | $885M | $907M | · | · | |
| Common Stock | $20.0K | $20.0K | $20.0K | $20.0K | $20.0K | · | · | |
| Paid-in Capital | $1.46B | $1.44B | $1.42B | $1.40B | $1.39B | $34M | $306 | |
| Retained Earnings | $-179M | $-219M | $-236M | $-227M | $-210M | $-29M | $0 | |
| Treasury Stock | $12M | $0 | · | · | · | · | · | |
| AOCI | $-38M | $-42M | $-28M | $-21M | $-27M | · | · | |
| Stockholders' Equity | $1.23B | $1.18B | $1.15B | $1.16B | $1.15B | $5M | $0 | |
| Liabilities + Equity | $2.36B | $2.33B | $2.33B | $2.47B | $2.56B | $501M | $0 | |
| Shares Outstanding | 196,487,532 | 196,705,710 | 194,913,000 | 194,548,000 | 193,995,000 | · | · |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $141M | $130M | $122M | $120M | $121M | · | · | |
| Stock-based Comp | $14M | $13M | $12M | $14M | $15M | · | · | |
| Deferred Tax | $8M | $-3M | $-5M | $-242.0K | $-13M | $0 | $0 | |
| Amort. of Intangibles | $61M | $61M | $62M | $62M | $61M | · | · | |
| Other Non-cash | $-98M | $26M | $119M | $2M | $-195M | · | · | |
| Operating Cash Flow | $105M | $183M | $238M | $119M | $-110M | $-1M | $0 | |
| CapEx | $70M | $85M | $66M | $70M | $52M | · | · | |
| Investing Cash Flow | $-70M | $-143M | $-68M | $-73M | $-90M | $-500M | $0 | |
| Stock Issued | · | · | $0 | $0 | $363M | · | · | |
| Stock Repurchased | $12M | $0 | $0 | · | · | · | · | |
| Net Stock Activity | $-12M | · | $0 | $0 | $363M | · | · | |
| Financing Cash Flow | $-52M | $-39M | $-162M | $-29M | $193M | $502M | $0 | |
| Net Change in Cash | $-17M | $6M | $7M | $16M | $-7M | $1M | $0 | |
| Taxes Paid | $12M | $10M | $5M | $3M | $2M | · | · | |
| Free Cash Flow | $35M | $98M | $172M | $49M | $-162M | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 7.3% | 6.0% | 4.1% | 2.7% | 0.72% | · | · | |
| Net Margin | 2.6% | 1.2% | -0.65% | -1.1% | -2.7% | · | · | |
| Pretax Margin | 3.6% | 1.8% | -0.50% | -0.99% | -3.5% | · | · | |
| EBITDA Margin | 16.4% | 14.9% | 12.4% | 10.8% | 9.2% | · | · | |
| ROA | 1.7% | 0.74% | -0.40% | -0.65% | -2.5% | -1.9% | · | |
| ROE | 3.3% | 1.5% | -0.83% | -1.4% | -3.5% | -15.6% | · | |
| ROIC | 4.3% | 3.1% | 4.2% | 2.2% | 0.38% | -25.6% | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.5 | 2.3 | 2.5 | 2.9 | 2.4 | 8.8 | · | |
| Quick Ratio | 0.6 | 0.6 | 0.6 | 0.5 | 0.4 | 8.0 | · | |
| Debt / Equity | 0.5 | 0.6 | 0.6 | 0.8 | 0.8 | · | · | |
| LT Debt / Equity | 0.5 | 0.6 | 0.6 | 0.8 | 0.8 | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.6 | 0.6 | 0.6 | 0.9 | · | · | |
| Receivables Turnover | 13.8 | 13.8 | 15.5 | 15.3 | 12.5 | · | · |
Growth Rates 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 5.4% | -0.26% | -0.66% | 4.2% | 4.2% | · | · | |
| Revenue CAGR 3Y | 1.5% | 1.1% | 2.6% | · | · | · | · | |
| Revenue CAGR 5Y | 2.5% | · | · | · | · | · | · | |
| EPS YoY | 122.2% | · | · | · | · | · | · | |
| Net Income YoY | 133.6% | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.55B | $1.47B | $1.48B | $1.49B | $1.43B | · | · | |
| Net Income TTM | $40M | $17M | $-10M | $-16M | $-38M | $-29M | · | |
| Market Cap | $1.79B | $1.93B | $1.80B | $1.40B | $2.04B | · | · | |
| Enterprise Value | $2.43B | $2.57B | $2.49B | $2.26B | $2.93B | · | · | |
| P/E | 45.5 | 108.9 | -184.2 | -90.1 | -37.5 | · | · | |
| P/S | 1.2 | 1.3 | 1.2 | 0.9 | 1.4 | · | · | |
| P/B | 1.5 | 1.6 | 1.6 | 1.2 | 1.8 | · | · | |
| P / Cash Flow | 17.0 | 10.5 | 7.5 | 11.8 | -18.5 | · | · | |
| P / FCF | 50.9 | 19.6 | 10.4 | 28.4 | -12.6 | · | · | |
| EV / EBITDA | 9.5 | 11.8 | 13.6 | 14.1 | 22.4 | · | · | |
| EV / FCF | 69.2 | 26.2 | 14.4 | 45.7 | -18.1 | · | · | |
| EV / Revenue | 1.6 | 1.7 | 1.7 | 1.5 | 2.1 | · | · | |
| Earnings Yield | 2.2% | 0.92% | -0.54% | -1.1% | -2.7% | · | · |
Income Statement 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $442M | $370M | $365M | $425M | $403M | $359M | $350M | $393M | $379M | $350M | $348M | $399M | $350M | $351M | $379M | |
| SG&A Expense | $134M | $125M | $121M | $138M | $124M | $119M | $119M | $130M | $121M | $119M | $116M | $113M | $111M | $115M | $133M | |
| Operating Income | $41M | $7M | $17M | $46M | $36M | $15M | $14M | $27M | $32M | $16M | $4M | $35M | $1M | $4M | $-449.0K | |
| Pretax Income | $28M | $-6M | $3M | $31M | $22M | $-351.0K | $-928.0K | $12M | $18M | $-2M | $-11M | $18M | $-17M | $-12M | $-15M | |
| Income Tax | $7M | $-1M | $2M | $8M | $7M | $-34.0K | $294.0K | $4M | $5M | $-483.0K | $-1M | $13M | $-8M | $2M | $-6M | |
| Net Income | $21M | $-5M | $2M | $23M | $16M | $-317.0K | $-1M | $7M | $13M | $-1M | $-10M | $5M | $-9M | $-14M | $-9M | |
| EPS (Basic) | $0.11 | $-0.02 | $0.00 | $0.12 | $0.08 | $0.00 | $0.00 | $0.04 | $0.06 | $-0.01 | $-0.05 | $0.03 | $-0.05 | $-0.07 | $-0.05 | |
| EPS (Diluted) | $0.11 | $-0.02 | $0.00 | $0.12 | $0.08 | $0.00 | $0.00 | $0.04 | $0.06 | $-0.01 | $-0.05 | $0.03 | $-0.05 | $-0.06 | $-0.05 | |
| Shares (Basic) | 195,881,000 | 196,626,000 | -395,180,000 | 197,754,000 | 197,593,000 | 197,284,000 | -391,629,000 | 196,297,000 | 196,075,000 | 195,365,000 | 60,000 | 194,794,000 | 194,548,000 | -388,263,000 | 194,370,000 | |
| Shares (Diluted) | 196,891,000 | 196,626,000 | -396,329,000 | 199,849,000 | 198,676,000 | 197,284,000 | -393,904,000 | 199,034,000 | 198,420,000 | 195,365,000 | -1,110,000 | 196,575,000 | 194,548,000 | -390,814,000 | 194,370,000 | |
| EBITDA | $41M | $44M | · | $46M | $36M | $50M | · | $27M | $32M | $48M | · | $35M | $33M | · | $-449.0K |
Balance Sheet 28
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $36M | $28M | $27M | $38M | $34M | $36M | $45M | $60M | $54M | $31M | · | $39M | $35M | · | $29M | |
| Receivables | $155M | $139M | $115M | $145M | $141M | $134M | $110M | $130M | $131M | $127M | · | $130M | $121M | · | $126M | |
| Inventory | $455M | $483M | $486M | $460M | $428M | $397M | $404M | $419M | $412M | $404M | · | $397M | $451M | · | $535M | |
| Other Current Assets | $24M | $20M | $18M | $28M | $21M | $17M | $15M | $16M | $21M | $25M | · | $30M | $30M | · | $26M | |
| Current Assets | $670M | $670M | $646M | $671M | $624M | $584M | $573M | $624M | $618M | $587M | · | $596M | $637M | · | $716M | |
| PP&E (Net) | $229M | $225M | $231M | $235M | $235M | $233M | $224M | $222M | $212M | $205M | · | $200M | $192M | · | $181M | |
| PP&E (Gross) | · | · | $660M | · | · | · | $600M | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | $466M | $446M | $429M | $422M | $407M | $389M | $376M | $374M | $359M | $345M | · | $362M | $343M | · | $321M | |
| Goodwill | $830M | $830M | $831M | $830M | $831M | $829M | $829M | $829M | $827M | $828M | · | $824M | $824M | · | $824M | |
| Intangibles | $515M | $531M | $546M | $561M | $576M | $591M | $606M | $623M | $628M | $643M | · | $688M | $719M | · | $749M | |
| Other Non-current Assets | $32M | $28M | $26M | $20M | $17M | $17M | $17M | $14M | $16M | $15M | · | $15M | $19M | · | $27M | |
| Total Assets | $2.38B | $2.36B | $2.36B | $2.40B | $2.36B | $2.33B | $2.33B | $2.40B | $2.39B | $2.37B | · | $2.41B | $2.49B | · | $2.58B | |
| Accounts Payable | $132M | $140M | $142M | $162M | $169M | $151M | $139M | $166M | $171M | $157M | · | $159M | $143M | · | $151M | |
| Current Liabilities | $247M | $227M | $258M | $273M | $273M | $237M | $254M | $269M | $267M | $236M | · | $233M | $222M | · | $269M | |
| Capital Leases | $87M | $64M | $63M | $68M | $63M | $67M | $71M | $76M | $75M | $79M | · | $82M | $89M | · | $73M | |
| Deferred Tax | $133M | $132M | $132M | $136M | $123M | $124M | $125M | $130M | $130M | $132M | · | $142M | $138M | · | $141M | |
| Other Non-current Liabilities | $6M | $8M | $6M | $7M | $7M | $7M | $7M | $11M | $7M | $7M | · | $15M | $14M | · | $11M | |
| Total Liabilities | $1.15B | $1.15B | $1.13B | $1.17B | $1.15B | $1.15B | $1.15B | $1.22B | $1.21B | $1.21B | · | $1.25B | $1.34B | · | $1.41B | |
| Long-term Debt | $678M | $714M | $674M | $683M | $683M | $713M | · | $731M | $732M | $751M | · | $780M | $878M | · | $914M | |
| Total Debt | $678M | $714M | · | $683M | $683M | $713M | · | $731M | $732M | $751M | · | $780M | · | · | $914M | |
| Common Stock | $20.0K | $20.0K | · | $20.0K | $20.0K | $20.0K | · | $20.0K | $20.0K | $20.0K | · | $20.0K | $20.0K | · | $20.0K | |
| Paid-in Capital | $1.46B | $1.46B | $1.46B | $1.45B | $1.45B | $1.44B | $1.44B | $1.44B | $1.43B | $1.43B | · | $1.42B | $1.41B | · | $1.40B | |
| Retained Earnings | $-162M | $-183M | $-179M | $-180M | $-203M | $-219M | $-219M | $-218M | $-225M | $-238M | · | $-226M | $-236M | · | $-213M | |
| Treasury Stock | $36M | $23M | $12M | $3M | · | · | $0 | · | · | · | · | · | · | · | · | |
| AOCI | $-40M | $-38M | $-38M | $-40M | $-38M | $-43M | $-42M | $-39M | $-32M | $-28M | · | $-29M | $-25M | · | $-21M | |
| Stockholders' Equity | $1.23B | $1.22B | $1.23B | $1.23B | $1.21B | $1.18B | $1.18B | $1.18B | $1.17B | $1.16B | $1.15B | $1.16B | $1.15B | $1.16B | $1.17B | |
| Liabilities + Equity | $2.38B | $2.36B | $2.36B | $2.40B | $2.36B | $2.33B | $2.33B | $2.40B | $2.39B | $2.37B | · | $2.41B | $2.49B | · | $2.58B | |
| Shares Outstanding | 194,803,383 | 196,355,206 | 196,487,532 | 197,431,709 | 197,565,451 | 197,380,504 | 196,705,710 | 196,514,508 | 196,156,159 | 195,942,200 | · | 194,827,369 | 194,548,420 | 194,548,000 | 194,394,767 |
Cash Flow 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $38M | $37M | $36M | $35M | $35M | $35M | $34M | $33M | $32M | $32M | $30M | $30M | $32M | $32M | $30M | |
| Stock-based Comp | $3M | $4M | $4M | $4M | $4M | $3M | $4M | $3M | $4M | $3M | $3M | $3M | $3M | $3M | $2M | |
| Deferred Tax | $-685.0K | $218.0K | $-2M | $13M | $-2M | $-974.0K | $-2M | $380.0K | $-1M | $-386.0K | $-7M | $7M | $-3M | $-6M | $-3M | |
| Amort. of Intangibles | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $16M | $16M | $16M | $16M | $16M | |
| Other Non-cash | · | $-56M | · | · | · | $-37M | · | · | · | $-21M | · | · | $8M | · | · | |
| Operating Cash Flow | $88M | $-20M | $31M | $26M | $49M | $-655.0K | $43M | $64M | $65M | $12M | $67M | $56M | $32M | $56M | $49M | |
| CapEx | $18M | $15M | $15M | $17M | $18M | $21M | $21M | $24M | $22M | $18M | $14M | $15M | $18M | $23M | $18M | |
| Investing Cash Flow | $-25M | $-15M | $-15M | $-17M | $-18M | $-21M | $-21M | $-58M | $-22M | $-42M | $-15M | $-15M | $-19M | $-24M | $-18M | |
| Stock Repurchased | $13M | $10M | $9M | $3M | $0 | $0 | $0 | · | · | · | · | · | · | · | · | |
| Net Stock Activity | · | $-10M | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-55M | $35M | $-27M | $-5M | $-35M | $14M | $-41M | $883.0K | $-20M | $20M | $-50M | $-42M | $-9M | $-30M | $-18M | |
| Net Change in Cash | $8M | $455.0K | $-10M | $4M | $-2M | $-8M | $-15M | $6M | $23M | $-8M | $-709.0K | $2M | $4M | $2M | $12M | |
| Taxes Paid | $4M | $1M | $2M | $1M | $7M | $2M | $2M | $5M | $2M | $871.0K | $1M | $2M | $472.0K | $443.0K | $699.0K | |
| Free Cash Flow | · | $-34M | · | · | · | $-21M | · | · | · | $-6M | · | · | $13M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 9.3% | 1.9% | · | 10.8% | 9.0% | 4.2% | · | 6.8% | 8.3% | 4.7% | · | 8.7% | 0.31% | · | -0.12% | |
| Net Margin | 4.8% | -1.3% | · | 5.5% | 3.9% | -0.09% | · | 1.9% | 3.3% | -0.43% | · | 1.3% | -2.6% | · | -2.5% | |
| Pretax Margin | 6.3% | -1.6% | · | 7.3% | 5.6% | -0.10% | · | 3.0% | 4.7% | -0.56% | · | 4.5% | -4.9% | · | -4.0% | |
| EBITDA Margin | 9.3% | 12.0% | · | 10.8% | 9.0% | 13.9% | · | 6.8% | 8.3% | 13.7% | · | 8.7% | 9.5% | · | -0.12% | |
| ROA | 0.89% | -0.20% | · | 0.97% | 0.67% | -0.01% | · | 0.31% | 0.52% | -0.06% | · | 0.20% | · | · | -0.37% | |
| ROE | 1.7% | -0.39% | · | 1.9% | 1.3% | -0.03% | · | 0.64% | 1.1% | -0.13% | · | 0.43% | · | · | -0.85% | |
| ROIC | 1.6% | 0.31% | · | 1.8% | 1.4% | 0.72% | · | 0.89% | 1.2% | 0.64% | · | 0.50% | · | · | -0.01% |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.7 | 3.0 | · | 2.5 | 2.3 | 2.5 | · | 2.3 | 2.3 | 2.5 | · | 2.6 | · | · | 2.7 | |
| Quick Ratio | 0.8 | 0.7 | · | 0.7 | 0.6 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.7 | · | · | 0.6 | |
| Debt / Equity | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.7 | · | · | 0.8 | |
| LT Debt / Equity | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.7 | · | · | 0.8 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.1 | · | 0.2 | · | · | 0.1 | |
| Receivables Turnover | 3.0 | 2.7 | · | 3.1 | 3.0 | 2.7 | · | 3.0 | 2.9 | 2.8 | · | 3.1 | · | · | 2.8 |
Valuation (TTM) 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.64B | $1.56B | · | $1.58B | $1.53B | $1.48B | · | $1.52B | $1.51B | $1.48B | · | $1.51B | $1.49B | · | $1.50B | |
| Net Income TTM | $55M | $34M | · | $46M | $35M | $18M | · | $24M | $21M | $-1M | · | $-9M | $-12M | · | $-35M | |
| Market Cap | $1.65B | $1.60B | · | $1.81B | $1.41B | $1.72B | · | $2.08B | $1.74B | $2.08B | · | $1.61B | · | · | $1.44B | |
| Enterprise Value | $2.29B | $2.29B | · | $2.46B | $2.06B | $2.39B | · | $2.75B | $2.41B | $2.81B | · | $2.35B | · | · | $2.33B | |
| P/E | 29.2 | 45.4 | · | 38.2 | 39.7 | 96.6 | · | 88.3 | 88.5 | -1064.0 | · | -165.0 | -120.3 | · | -247.7 | |
| P/S | 1.0 | 1.0 | · | 1.1 | 0.9 | 1.2 | · | 1.4 | 1.2 | 1.4 | · | 1.1 | · | · | 1.0 | |
| P/B | 1.3 | 1.3 | · | 1.5 | 1.2 | 1.5 | · | 1.8 | 1.5 | 1.8 | · | 1.4 | · | · | 1.2 | |
| P / Cash Flow | · | -82.1 | · | · | · | -2618.7 | · | · | · | 178.6 | · | · | · | · | · | |
| P / FCF | · | -46.7 | · | · | · | -80.5 | · | · | · | -342.7 | · | · | · | · | · | |
| EV / EBITDA | 56.0 | 51.5 | · | 53.5 | 56.7 | 48.0 | · | 102.3 | 76.4 | 58.6 | · | 67.6 | · | · | -5186.9 | |
| EV / FCF | · | -66.7 | · | · | · | -112.2 | · | · | · | -461.2 | · | · | · | · | · | |
| EV / Revenue | 1.4 | 1.5 | · | 1.6 | 1.3 | 1.6 | · | 1.8 | 1.6 | 1.9 | · | 1.6 | · | · | 1.6 | |
| Earnings Yield | 3.4% | 2.2% | · | 2.6% | 2.5% | 1.0% | · | 1.1% | 1.1% | -0.09% | · | -0.61% | -0.83% | · | -0.40% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-25 | |
|---|---|---|---|---|---|
| Revenue | $1.55B | $1.47B | $1.48B | $1.49B | $1.43B |
| Operating Margin % | 7.3% | 6.0% | 4.1% | 2.7% | 0.72% |
| Net Income | $40M | $17M | $-10M | $-16M | $-38M |
| Diluted EPS | $0.20 | $0.09 | $-0.05 | $-0.08 | $-0.28 |
Balance Sheet
| 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-25 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.5 | 0.6 | 0.6 | 0.8 | 0.8 |
| Current Ratio | 2.5 | 2.3 | 2.5 | 2.9 | 2.4 |
| Quick Ratio | 0.6 | 0.6 | 0.6 | 0.5 | 0.4 |
Cash Flow
| 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-25 | |
|---|---|---|---|---|---|
| Free Cash Flow | $35M | $98M | $172M | $49M | $-162M |
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Institutional owners (13F) 250 filers · $1.1B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 37 (-5 vs prior Q) | 33 (+2 vs prior Q) | 73 (-5 vs prior Q) | 86 (+13 vs prior Q) | -12.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Burgundy Asset Management Ltd. | $110,310,052 | 11,164,985 | 9.67% | Shares |
| FMR LLC | $103,511,528 | 12,264,399 | 9.07% | Shares |
| REINHART PARTNERS, LLC. | $94,151,250 | 11,155,359 | 8.25% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $82,372,147 | 9,759,733 | 7.22% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $75,479,494 | 8,943,068 | 6.61% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $73,508,248 | 8,709,508 | 6.44% | Shares |
| AMERICAN CENTURY COMPANIES INC | $72,521,223 | 8,592,562 | 6.35% | Shares |
| Jefferies Financial Group Inc. | $67,323,635 | 7,976,734 | 5.90% | Shares |
| STATE STREET CORP | $40,119,540 | 4,753,500 | 3.52% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $38,288,066 | 4,535,471 | 3.35% | Shares |
| NEUBERGER BERMAN GROUP LLC | $33,215,969 | 3,939,925 | 2.91% | Shares |
| ANCHOR CAPITAL MANAGEMENT COMPANY, LLC | $21,726,797 | 2,574,265 | 1.90% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $21,475,403 | 2,544,479 | 1.88% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $20,808,179 | 2,465,424 | 1.82% | Shares |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | $15,874,282 | 1,880,839 | 1.39% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $13,137,434 | 1,556,568 | 1.15% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $12,947,843 | 1,528,671 | 1.13% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $10,993,016 | 1,302,490 | 0.96% | Shares |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | $10,670,810 | 1,264,314 | 0.93% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $10,205,420 | 1,209,173 | 0.89% | Shares |
| RIVERBRIDGE PARTNERS LLC | $10,153,253 | 1,202,992 | 0.89% | Shares |
| Telemark Asset Management, LLC | $9,284,000 | 1,100,000 | 0.81% | Shares |
| Clearbridge Investments, LLC | $8,081,723 | 957,550 | 0.71% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $7,922,974 | 938,741 | 0.69% | Shares |
| Nuveen Asset Management, LLC | $7,480,671 | 768,036 | 0.66% | Shares |
| Leith Wheeler Investment Counsel Ltd. | $7,232,910 | 856,980 | 0.63% | Shares |
| HEARTLAND ADVISORS INC | $6,752,000 | 800,000 | 0.59% | Shares |
| BERNZOTT CAPITAL ADVISORS | $6,200,683 | 868,443 | 0.54% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $6,104,745 | 723,311 | 0.53% | Shares |
| D. E. Shaw & Co., Inc. | $5,054,716 | 598,900 | 0.44% | Shares |
| Ballast Asset Management, LP | $5,005,342 | 593,050 | 0.44% | Shares |
| Skylands Capital, LLC | $4,859,752 | 575,800 | 0.43% | Shares |
| Nuveen, LLC | $4,811,197 | 570,047 | 0.42% | Shares |
| CITADEL ADVISORS LLC | $4,738,427 | 561,425 | 0.42% | Shares |
| CONGRUENCE CAPITAL, LLC | $4,346,558 | 514,995 | 0.38% | Shares |
| CastleKnight Management LP | $4,097,620 | 485,500 | 0.36% | Shares |
| Tabor Asset Management, LP | $3,464,443 | 410,479 | 0.30% | Shares |
| Swiss National Bank | $3,329,580 | 394,500 | 0.29% | Shares |
| Bank of New York Mellon Corp | $2,946,514 | 349,113 | 0.26% | Shares |
| FIRST TRUST ADVISORS LP | $2,941,778 | 348,552 | 0.26% | Shares |
| Hodges Capital Management Inc. | $2,891,755 | 342,625 | 0.25% | Shares |
| BANK OF AMERICA CORP /DE/ | $2,815,137 | 333,547 | 0.25% | Shares |
| GOLDMAN SACHS GROUP INC | $2,577,399 | 305,379 | 0.23% | Shares |
| CONNORS INVESTOR SERVICES INC | $2,241,174 | 265,542 | 0.20% | Shares |
| RHUMBLINE ADVISERS | $2,236,513 | 264,991 | 0.20% | Shares |
| JPMORGAN CHASE & CO | $2,223,652 | 266,945 | 0.19% | Shares |
| Legacy Financial Advisors, Inc. | $2,131,100 | 252,500 | 0.19% | Shares |
| ANCHOR CAPITAL ADVISORS LLC | $2,122,095 | 251,433 | 0.19% | Shares |
| Conestoga Capital Advisors, LLC | $2,059,951 | 244,070 | 0.18% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,960,625 | 235,652 | 0.17% | Shares |
| STIFEL FINANCIAL CORP | $1,796,668 | 212,876 | 0.16% | Shares |
| MCF Advisors LLC | $1,796,353 | 212,838 | 0.16% | Shares |
| ExodusPoint Capital Management, LP | $1,779,135 | 210,798 | 0.16% | Shares |
| DEUTSCHE BANK AG\ | $1,767,226 | 209,387 | 0.15% | Shares |
| Boston Partners | $1,763,230 | 208,914 | 0.15% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,754,688 | 210,900 | 0.15% | Shares |
| Russell Investments Group, Ltd. | $1,657,953 | 196,440 | 0.15% | Shares |
| Qube Research & Technologies Ltd | $1,653,860 | 195,955 | 0.14% | Shares |
| DEAN INVESTMENT ASSOCIATES, LLC | $1,519,327 | 180,015 | 0.13% | Shares |
| WELLS FARGO & COMPANY/MN | $1,474,206 | 174,669 | 0.13% | Shares |
| Walleye Capital LLC | $1,421,380 | 168,410 | 0.12% | Shares |
| DAVENPORT & Co LLC | $1,385,983 | 164,216 | 0.12% | Shares |
| OP Asset Management Ltd | $1,331,131 | 157,717 | 0.12% | Shares |
| State of New Jersey Common Pension Fund D | $1,303,853 | 154,485 | 0.11% | Shares |
| BlackRock, Inc. | $1,276,508 | 151,245 | 0.11% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $1,275,234 | 152,540 | 0.11% | Shares |
| WCM INVESTMENT MANAGEMENT, LLC | $1,187,766 | 142,589 | 0.10% | Shares |
| Brevan Howard Capital Management LP | $1,127,052 | 133,537 | 0.10% | Shares |
| LPL Financial LLC | $1,124,909 | 133,283 | 0.10% | Shares |
| VANGUARD GROUP INC | $1,122,968 | 129,673 | 0.10% | Shares |
| Trexquant Investment LP | $1,116,080 | 132,237 | 0.10% | Shares |
| Dean Capital Management | $1,103,538 | 130,751 | 0.10% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,094,440 | 129,673 | 0.10% | Shares |
| TECTONIC ADVISORS LLC | $1,065,736 | 126,272 | 0.09% | Shares |
| Cubist Systematic Strategies, LLC | $1,033,191 | 112,548 | 0.09% | Shares |
| Corient Private Wealth LP | $1,032,771 | 122,366 | 0.09% | Shares |
| KORNITZER CAPITAL MANAGEMENT INC /KS | $1,031,115 | 122,170 | 0.09% | Shares |
| Quantinno Capital Management LP | $1,005,710 | 119,160 | 0.09% | Shares |
| Madison Investment Advisors, LLC | $999,928 | 102,662 | 0.09% | Shares |
| MetLife Investment Management, LLC | $989,531 | 117,243 | 0.09% | Shares |
| DARK FOREST CAPITAL MANAGEMENT LP | $981,403 | 116,280 | 0.09% | Shares |
| PNC Financial Services Group, Inc. | $941,896 | 111,599 | 0.08% | Shares |
| FRANKLIN RESOURCES INC | $940,781 | 111,467 | 0.08% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $913,942 | 108,287 | 0.08% | Shares |
| WHITE PINE CAPITAL LLC | $872,038 | 103,322 | 0.08% | Shares |
| Verdence Capital Advisors LLC | $870,738 | 103,168 | 0.08% | Shares |
| VARCOV Co. | $869,371 | 103,006 | 0.08% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $868,189 | 102,866 | 0.08% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $808,923 | 95,844 | 0.07% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $804,433 | 95,312 | 0.07% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $775,636 | 91,900 | 0.07% | Shares |
| &PARTNERS | $748,999 | 88,744 | 0.07% | Shares |
| Invesco Ltd. | $677,268 | 80,245 | 0.06% | Shares |
| JANUS HENDERSON GROUP PLC | $675,973 | 81,198 | 0.06% | Shares |
| Balyasny Asset Management L.P. | $666,642 | 78,986 | 0.06% | Shares |
| Amundi | $634,815 | 75,215 | 0.06% | Shares |
| XTX Topco Ltd | $621,235 | 73,606 | 0.05% | Shares |
| Vanguard Global Advisers, LLC | $601,578 | 71,277 | 0.05% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $590,099 | 69,917 | 0.05% | Shares |
| Legato Capital Management LLC | $575,456 | 68,182 | 0.05% | Shares |
Company insiders 20 insiders · 10 officers · 11 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jon Michael Adinolfi | President & CEO | June 7, 2026 F | 843,974 | 0 | 0 | $0 |
| Douglas Cahill | COB, President and CEO | Jan. 11, 2022 A | 178,842 | 0 | 0 | $0 |
| Robert O. Kraft | CFO | Jan. 11, 2022 A | 112,594 | 0 | 0 | $0 |
| George S. Murphy JR | Divisional President, Protective Solutions & Sales | Jan. 11, 2022 A | 37,674 | 0 | 0 | $0 |
| Scott Ride | President, Hillman Canada | Jan. 11, 2022 A | 22,132 | 0 | 0 | $0 |
| Randall J Fagundo | Divisional President, Consumer Connected Solutions | Jan. 11, 2022 A | 22,635 | 0 | 0 | $0 |
| Steven Brunker | Chief Information Officer | Jan. 11, 2022 A | 10,060 | 0 | 0 | $0 |
| Gary Seeds | EVP, Sales and Field Service | Jan. 11, 2022 A | 271,917 | 0 | 0 | $0 |
| Amanda Kitzberger | VP HR and Administration | Jan. 11, 2022 A | 27,738 | 0 | 0 | $0 |
| Anne Mccalla | Global Controller | Jan. 11, 2022 A | 14,666 | 0 | 0 | $0 |
| David A. Owens | Director | June 4, 2026 A | 83,961 | 0 | 0 | $0 |
| Diana Dowling | Director | June 4, 2026 A | 83,961 | 0 | 0 | $0 |
| Leary Dan O | Director | June 4, 2026 A | 93,961 | 0 | 0 | $0 |
| Philip Woodlief | Director | June 4, 2026 A | 123,629 | 0 | 0 | $0 |
| Diane Honda | Director | June 4, 2026 A | 66,424 | 0 | 0 | $0 |
| Aaron Jagdfeld | Director | June 4, 2026 A | 248,786 | 0 | 0 | $0 |
| Teresa S Gendron | Director | June 4, 2026 A | 83,961 | 0 | 0 | $0 |
| John W Swygert | Director | June 4, 2026 A | 76,754 | 0 | 0 | $0 |
| Jefferies Financial Group Inc. | Director | July 14, 2021 P | 7,171,576 | 0 | 0 | $0 |
| Jarrod Streng | — | Jan. 11, 2022 A | 10,060 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| CCMP Capital, LP (2), CCMP Capital GP, LLC (2), CCMP Capital Investors III, L.P. (2), CCMP Capital Investors III (Employee), L.P. (2), CCMP Capital Associates III, L.P. (2), CCMP Capital Associates III GP, LLC (2), CCMP Co-Invest III A, L.P. (2), CCMP Co-Invest III A GP, LLC (2) ×5 filings | May 17, 2023 | — | Initial filing | Capital structure | SEC |
| Jefferies Financial Group Inc., on behalf of itself and its controlled subsidiaries ×2 filings | July 26, 2021 | — | Initial filing | M&A / sale | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 53 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SMLL · Harbor ETF Trust | 2.29% | 38,798 NS | April 30, 2026 | N-PORT |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.34% | 76,828 NS | April 30, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.20% | 6,319 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.17% | 249,656 NS | April 30, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.11% | 1,045,067 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.09% | 348,740 NS | May 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 71,590 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.07% | 72,186 NS | May 31, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.07% | 11,951 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.06% | 1,068,963 NS | April 30, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.06% | 886 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.06% | 697,201 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.05% | 85,919 NS | April 30, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.04% | 21,364 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.04% | 51,151 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.04% | 643,244 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.04% | 9,325 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.03% | 943,360 NS | May 31, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.02% | 59,656 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.02% | 7,293 NS | May 31, 2026 | N-PORT |
| JSTC · Tidal Trust I | 0.02% | 9,768 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.02% | 7,378 NS | May 31, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.01% | 12,377 NS | May 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.01% | 156,703 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 475,975 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 17,864 NS | April 30, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.01% | 18,076 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 25,836 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 185 NS | May 31, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 79,025 NS | May 31, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.00% | 8,075 NS | May 31, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.00% | 2,801 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 52,539 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 78,209 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 37,917 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 112,987 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| ITOT · iShares Trust | — | — | July 22, 2026 | Daily |
| IWV · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWN · iShares Trust | — | — | Aug. 17, 2026 | Daily |
| IWM · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | — | — | July 23, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | — | — | July 13, 2026 | Daily |
| VIS · VANGUARD WORLD FUND | — | — | July 20, 2026 | Daily |