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Side-by-side financial comparison of Hillman Solutions Corp. (HLMN) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
Hillman Solutions Corp. is the larger business by last-quarter revenue ($370.1M vs $188.3M, roughly 2.0× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -1.3%, a 49.2% gap on every dollar of revenue. On growth, Hillman Solutions Corp. posted the faster year-over-year revenue change (3.0% vs -21.9%). Over the past eight quarters, Hillman Solutions Corp.'s revenue compounded faster (-1.2% CAGR vs -15.4%).
Hillman Solutions is an American hardware manufacturing, distribution and consumer fabrication services company.
HLMN vs RILY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $370.1M | $188.3M |
| Net Profit | $-4.7M | $90.3M |
| Gross Margin | — | 79.5% |
| Operating Margin | 1.9% | 32.3% |
| Net Margin | -1.3% | 47.9% |
| Revenue YoY | 3.0% | -21.9% |
| Net Profit YoY | — | 1710.8% |
| EPS (diluted) | $-0.02 | $2.78 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $370.1M | — | ||
| Q4 25 | $365.1M | $188.3M | ||
| Q3 25 | $424.9M | $215.3M | ||
| Q2 25 | $402.8M | $188.2M | ||
| Q1 25 | $359.3M | $197.2M | ||
| Q4 24 | $349.6M | $241.0M | ||
| Q3 24 | $393.3M | $225.5M | ||
| Q2 24 | $379.4M | $256.0M |
| Q1 26 | $-4.7M | — | ||
| Q4 25 | $1.6M | $90.3M | ||
| Q3 25 | $23.2M | $91.1M | ||
| Q2 25 | $15.8M | $139.5M | ||
| Q1 25 | $-317.0K | $-10.0M | ||
| Q4 24 | $-1.2M | $-5.6M | ||
| Q3 24 | $7.4M | $-284.4M | ||
| Q2 24 | $12.5M | $-433.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 83.7% | ||
| Q2 25 | — | 81.3% | ||
| Q1 25 | — | 81.4% | ||
| Q4 24 | — | 79.8% | ||
| Q3 24 | — | 82.1% | ||
| Q2 24 | — | 84.5% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | 4.6% | 32.3% | ||
| Q3 25 | 10.8% | 30.4% | ||
| Q2 25 | 9.0% | 5.7% | ||
| Q1 25 | 4.2% | -31.2% | ||
| Q4 24 | 4.0% | -69.2% | ||
| Q3 24 | 6.8% | -36.4% | ||
| Q2 24 | 8.3% | -90.8% |
| Q1 26 | -1.3% | — | ||
| Q4 25 | 0.4% | 47.9% | ||
| Q3 25 | 5.5% | 42.3% | ||
| Q2 25 | 3.9% | 74.1% | ||
| Q1 25 | -0.1% | -5.1% | ||
| Q4 24 | -0.3% | -2.3% | ||
| Q3 24 | 1.9% | -126.1% | ||
| Q2 24 | 3.3% | -169.4% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.00 | $2.78 | ||
| Q3 25 | $0.12 | $2.91 | ||
| Q2 25 | $0.08 | $4.50 | ||
| Q1 25 | $0.00 | $-0.39 | ||
| Q4 24 | $-0.00 | $-0.01 | ||
| Q3 24 | $0.04 | $-9.39 | ||
| Q2 24 | $0.06 | $-14.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $27.7M | $226.6M |
| Total DebtLower is stronger | $714.1M | $1.4B |
| Stockholders' EquityBook value | $1.2B | $-171.5M |
| Total Assets | $2.4B | $1.7B |
| Debt / EquityLower = less leverage | 0.59× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $27.7M | — | ||
| Q4 25 | $27.3M | $226.6M | ||
| Q3 25 | $37.7M | $184.2M | ||
| Q2 25 | $34.2M | $267.4M | ||
| Q1 25 | $36.3M | $138.3M | ||
| Q4 24 | $44.5M | $146.9M | ||
| Q3 24 | $59.8M | $159.2M | ||
| Q2 24 | $54.0M | $236.9M |
| Q1 26 | $714.1M | — | ||
| Q4 25 | $668.3M | $1.4B | ||
| Q3 25 | $683.2M | $1.3B | ||
| Q2 25 | $683.1M | $1.3B | ||
| Q1 25 | $713.5M | $1.4B | ||
| Q4 24 | $691.7M | $1.5B | ||
| Q3 24 | $730.7M | — | ||
| Q2 24 | $732.1M | — |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $-171.5M | ||
| Q3 25 | $1.2B | $-260.5M | ||
| Q2 25 | $1.2B | $-351.7M | ||
| Q1 25 | $1.2B | $-496.8M | ||
| Q4 24 | $1.2B | $-488.2M | ||
| Q3 24 | $1.2B | $-497.6M | ||
| Q2 24 | $1.2B | $-218.3M |
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $1.7B | ||
| Q3 25 | $2.4B | $1.7B | ||
| Q2 25 | $2.4B | $1.5B | ||
| Q1 25 | $2.3B | $1.5B | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $2.4B | $2.2B | ||
| Q2 24 | $2.4B | $3.2B |
| Q1 26 | 0.59× | — | ||
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.59× | — | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 0.62× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $26.2M |
| Free Cash FlowOCF − Capex | $-34.3M | — |
| FCF MarginFCF / Revenue | -9.3% | — |
| Capex IntensityCapex / Revenue | 4.0% | — |
| Cash ConversionOCF / Net Profit | — | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $22.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $30.9M | $26.2M | ||
| Q3 25 | $26.2M | $-60.6M | ||
| Q2 25 | $48.7M | $-25.6M | ||
| Q1 25 | $-655.0K | $184.0K | ||
| Q4 24 | $43.1M | $-2.7M | ||
| Q3 24 | $63.7M | $19.5M | ||
| Q2 24 | $64.8M | $111.5M |
| Q1 26 | $-34.3M | — | ||
| Q4 25 | $16.1M | — | ||
| Q3 25 | $9.1M | — | ||
| Q2 25 | $31.2M | — | ||
| Q1 25 | $-21.3M | — | ||
| Q4 24 | $22.1M | — | ||
| Q3 24 | $39.6M | — | ||
| Q2 24 | $42.5M | — |
| Q1 26 | -9.3% | — | ||
| Q4 25 | 4.4% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | -5.9% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 11.2% | — |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 4.0% | — | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 5.7% | — | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | 6.1% | — | ||
| Q2 24 | 5.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 19.33× | 0.29× | ||
| Q3 25 | 1.13× | -0.66× | ||
| Q2 25 | 3.08× | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.57× | — | ||
| Q2 24 | 5.17× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HLMN
Segment breakdown not available.
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
