Hillman Solutions Corp
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Hillman Solutions Corp (HLMN). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Hardware and Protective Solutions | $1.02B 74.9% | $1.02B 71.4% · -0.7% | $1.07B 71.9% · +5.0% | $1.09B 73.9% · +2.0% | $1.11B 75.2% · +1.6% | $1.19B 76.9% · +7.8% |
| Robotics and Digital Solutions | – | – | – | $229.5M 15.5% | $216.7M 14.7% · -5.6% | $220.2M 14.2% · +1.6% |
| Canada | $134.6M 9.8% | $161.9M 11.4% · +20.3% | $172.0M 11.6% · +6.2% | $156.5M 10.6% · -9.0% | $147.9M 10.0% · -5.5% | $138.1M 8.9% · -6.6% |
| Robotics and Digital Solutions | $209.3M 15.3% | $246.5M 17.3% · +17.8% | $245.6M 16.5% · -0.3% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Hardware and Protective Solutions | $67.3M 6.6% | -$14.7M -1.4% | – | – | – | – |
| Robotics and Digital Solutions | – | – | – | – | – | – |
| Canada | -$4.7M -3.5% | $3.2M 2.0% | – | – | – | – |
| Robotics and Digital Solutions | $3.2M 1.5% | $21.8M 8.8% | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States | $1.21B 88.8% | $1.25B 87.7% · +3.0% | $1.30B 87.5% · +3.9% | $1.31B 88.6% · +0.5% | $1.31B 88.7% · +0.0% | $1.40B 90.1% · +7.0% |
| Canada | $144.4M 10.6% | $161.9M 11.4% · +12.1% | $172.0M 11.6% · +6.2% | $156.5M 10.6% · -9.0% | $147.9M 10.0% · -5.5% | $138.1M 8.9% · -6.6% |
| Mexico | $9.5M 0.7% | $12.8M 0.9% · +35.7% | $13.9M 0.9% · +8.2% | $12.6M 0.9% · -9.6% | $17.8M 1.2% · +41.4% | $15.1M 1.0% · -15.1% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Fastening and Hardware | $838.4M 61.3% | $889.3M 62.4% · +6.1% | $989.6M 66.6% · +11.3% | $1.02B 69.2% · +3.3% | $1.02B 69.0% · -0.5% | $1.05B 67.7% · +3.4% |
| Personal Protective | $317.8M 23.2% | $285.3M 20.0% · -10.2% | $243.5M 16.4% · -14.7% | $216.4M 14.7% · -11.1% | $229.9M 15.6% · +6.2% | $270.9M 17.5% · +17.8% |
| Keys and Key Fobs | – | – | – | $186.0M 12.6% | $178.1M 12.1% · -4.3% | $189.0M 12.2% · +6.1% |
| Engraving and Resharp | $51.5M 3.8% | $59.0M 4.1% · +14.6% | $56.3M 3.8% · -4.5% | $52.2M 3.5% · -7.2% | $48.1M 3.3% · -7.9% | $41.0M 2.6% · -14.8% |
| Keys and Key Accessories | $160.7M 11.7% | $192.5M 13.5% · +19.8% | $197.0M 13.3% · +2.3% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.