NASDAQ : HMH
HMH Holding Inc. — Financial statements
Energy · Oil & Gas Equipment & Services · United States
Last price 18.67 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 821.53M
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Financial statements
HMH Holding Inc. (HMH) reported revenue of 762.01M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 762.01M | 821.75M | 843.36M | 785.45M | 677.27M | 243.88M |
| Cost of Revenue | 508.75M | 576.02M | 571.17M | 575.06M | 290.73M | 101.04M |
| Gross Profit | 253.26M | 245.73M | 272.19M | 210.39M | 386.54M | 142.84M |
| Selling, General & Admin | 160.18M | 130.40M | 143.21M | 127.42M | 198.46M | 57.77M |
| Research & Development | 2.32M | 2.81M | 7.07M | 3.04M | ||
| Other Operating Expenses | -301.00K | 1.93M | 110.37M | 48.93M | ||
| Operating Expenses | 162.50M | 133.21M | 149.98M | 132.39M | 356.42M | 125.69M |
| Operating Income | 90.76M | 112.52M | 122.21M | 78.00M | 30.12M | 17.14M |
| Interest Expense | -35.97M | -43.35M | -37.26M | -46.27M | -30.99M | -8.09M |
| Interest & Investment Income | 2.40M | 589.50K | ||||
| Earnings From Equity Investments | 168.00K | 94.50K | ||||
| Currency Exchange Gain (Loss) | -2.97M | 6.79M | -5.29M | 796.00K | -7.10M | -891.00K |
| Other Non Operating Income (Expenses) | 203.00K | 1.26M | 423.00K | 231.00K | -2.41M | -2.62M |
| EBT Excluding Unusual Items | 52.02M | 77.22M | 80.09M | 32.76M | -7.81M | 6.23M |
| Merger & Restructuring Charges | -5.29M | -4.63M | -3.60M | |||
| Gain (Loss) on Sale of Investments | -16.00M | |||||
| Asset Writedown | -2.38M | |||||
| Pretax Income | 46.73M | 72.59M | 76.49M | 32.76M | -23.82M | 3.85M |
| Income Tax Expense | 17.40M | 26.47M | 24.53M | 15.36M | 8.04M | 6.64M |
| Earnings From Continuing Operations | 29.33M | 46.12M | 51.96M | 17.40M | -31.86M | -2.79M |
| Minority Interest in Earnings | 9.48M | -669.00K | -738.00K | |||
| Net Income | 38.82M | 45.45M | 51.22M | 17.40M | -31.86M | -2.79M |
| Net Income to Common | 38.82M | 45.45M | 51.22M | 17.40M | -31.86M | -2.79M |
| Free Cash Flow | 114.16M | 78.69M | 18.77M | 11.46M | 2.16M | 36.43M |
| Gross Margin | 33.23% | 29.90% | 32.27% | 26.79% | 57.07% | 58.57% |
| Operating Margin | 11.91% | 13.69% | 14.49% | 9.93% | 4.45% | 7.03% |
| Profit Margin | 5.09% | 5.53% | 6.07% | 2.22% | -4.70% | -1.15% |
| Free Cash Flow Margin | 14.98% | 9.58% | 2.23% | 1.46% | 0.32% | 14.94% |
| EBITDA | 133.94M | 154.98M | 161.62M | 116.83M | 65.85M | 31.56M |
| EBITDA Margin | 17.58% | 18.86% | 19.16% | 14.88% | 9.72% | 12.94% |
| D&A For EBITDA | 43.19M | 42.46M | 39.40M | 38.83M | 35.74M | 14.41M |
| EBIT | 90.76M | 112.52M | 122.21M | 78.00M | 30.12M | 17.14M |
| EBIT Margin | 11.91% | 13.69% | 14.49% | 9.93% | 4.45% | 7.03% |
| Effective Tax Rate | 37.23% | 36.46% | 32.07% | 46.88% | 172.63% | |
| Revenue as Reported | 762.01M | 821.75M | 843.36M | 785.45M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 119.70M | 96.58M | 48.91M | 62.52M | 47.34M | 91.72M |
| Cash & Short-Term Investments | 119.70M | 96.58M | 48.91M | 62.52M | 47.34M | 91.72M |
| Accounts Receivable | 231.33M | 224.48M | 272.36M | 281.02M | 253.66M | 198.78M |
| Other Receivables | 21.99M | 17.85M | 31.16M | 14.62M | 9.92M | 9.93M |
| Receivables | 257.68M | 245.98M | 307.20M | 297.15M | 263.57M | 225.00M |
| Inventory | 252.19M | 253.76M | 279.96M | 242.23M | 182.74M | 156.93M |
| Prepaid Expenses | 18.83M | 10.18M | 11.54M | 24.34M | 20.90M | 17.89M |
| Other Current Assets | 508.00K | 22.70M | 12.41M | 2.76M | 18.09M | 49.29M |
| Total Current Assets | 648.91M | 629.21M | 660.02M | 629.00M | 532.64M | 540.85M |
| Property, Plant & Equipment | 243.51M | 249.56M | 233.36M | 248.23M | 254.81M | 269.82M |
| Long-Term Investments | 225.00K | |||||
| Goodwill | 307.95M | 307.01M | 300.94M | 287.85M | 287.52M | 277.16M |
| Other Intangible Assets | 115.40M | 69.62M | 84.24M | 94.47M | 117.42M | 124.99M |
| Long-Term Deferred Tax Assets | 32.24M | 38.75M | ||||
| Long-Term Deferred Charges | 52.45M | 50.92M | 52.77M | 39.01M | 42.62M | |
| Other Long-Term Assets | 24.14M | 16.25M | 20.00M | 27.37M | 32.60M | 7.28M |
| Total Assets | 1.36B | 1.36B | 1.38B | 1.37B | 1.30B | 1.30B |
| Accounts Payable | 64.45M | 56.31M | 108.36M | 112.20M | 98.14M | 61.51M |
| Accrued Expenses | 81.99M | 92.64M | 122.24M | 119.21M | 144.59M | 93.40M |
| Current Portion of Long-Term Debt | 1.47M | 715.00K | 14.40M | 22.11M | 39.20M | 180.99M |
| Current Portion of Leases | 6.72M | 10.47M | 8.11M | 8.46M | 8.01M | 10.21M |
| Current Income Taxes Payable | 7.31M | 12.39M | 6.38M | 8.28M | 6.45M | 5.99M |
| Current Unearned Revenue | 42.78M | 35.25M | 55.63M | 75.53M | 57.64M | 95.11M |
| Other Current Liabilities | 13.59M | 15.87M | 25.33M | 30.50M | 23.27M | 26.10M |
| Total Current Liabilities | 218.32M | 223.64M | 340.44M | 376.29M | 377.31M | 473.30M |
| Long-Term Debt | 196.36M | 339.37M | 328.75M | 316.05M | 262.64M | 135.96M |
| Long-Term Leases | 40.47M | 39.92M | 27.05M | 26.57M | 31.92M | 33.04M |
| Pension & Post-Retirement Benefits | 20.32M | 21.14M | 21.32M | 20.30M | 18.80M | 26.63M |
| Long-Term Deferred Tax Liabilities | 20.98M | 17.40M | 19.13M | 20.96M | 22.69M | 25.86M |
| Other Long-Term Liabilities | 19.71M | 15.78M | 13.20M | 15.11M | 15.77M | 8.18M |
| Total Liabilities | 516.17M | 657.25M | 749.88M | 775.29M | 729.11M | 702.97M |
| Additional Paid-In Capital | 185.13M | 610.43M | 610.43M | 601.54M | 601.54M | 601.54M |
| Retained Earnings | 27.57M | 83.94M | 38.49M | -12.73M | -31.61M | -1.86M |
| Comprehensive Income & Other | 2.01M | 4.24M | -18.75M | 4.32M | -2.80M | -958.00K |
| Total Common Equity | 210.26M | 698.61M | 630.17M | 593.13M | 567.13M | 598.72M |
| Minority Interest | 636.14M | 1.84M | 1.17M | |||
| Shareholders' Equity | 846.40M | 700.45M | 631.34M | 593.13M | 567.13M | 598.72M |
| Total Liabilities & Equity | 1.36B | 1.36B | 1.38B | 1.37B | 1.30B | 1.30B |
| Total Debt | 245.02M | 390.48M | 378.31M | 373.19M | 341.77M | 360.20M |
| Net Cash (Debt) | -125.32M | -293.89M | -329.40M | -310.67M | -294.43M | -268.47M |
| Working Capital | 430.59M | 405.57M | 319.59M | 252.71M | 155.34M | 67.55M |
| Tangible Book Value | -213.09M | 321.98M | 244.99M | 210.81M | 162.18M | 196.57M |
| Buildings | 162.28M | 151.64M | 166.32M | 155.28M | 152.38M | |
| Machinery | 102.60M | 85.82M | 83.67M | 82.17M | 78.51M | |
| Construction In Progress | 3.31M | 3.32M | 5.69M | 1.40M | 651.00K | |
| Order Backlog | 329.30M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 38.82M | 45.45M | 51.22M | 17.40M | -31.86M | -2.79M |
| Depreciation & Amortization | 43.19M | 42.46M | 39.40M | 38.83M | 42.22M | 17.27M |
| Other Amortization | 1.54M | 1.79M | 1.86M | 5.81M | 5.37M | 1.73M |
| Loss (Gain) From Sale of Assets | -30.00K | -1.79M | -31.50K | |||
| Asset Writedown & Restructuring Costs | 28.00K | 1.83M | 2.38M | |||
| Loss (Gain) From Sale of Investments | 16.00M | |||||
| Loss (Gain) on Equity Investments | -168.00K | -94.50K | ||||
| Stock-Based Compensation | 22.77M | 3.50M | ||||
| Provision & Write-off of Bad Debts | 11.12M | 11.14M | 1.97M | |||
| Other Operating Activities | -1.66M | 19.63M | 22.70M | 147.00K | 21.38M | 17.07M |
| Change in Accounts Receivable | 37.98M | 54.56M | -19.88M | -6.89M | -77.75M | -107.04M |
| Change in Inventory | 27.20M | 29.46M | -47.23M | -58.07M | -1.17M | 11.36M |
| Change in Accounts Payable | -10.72M | -57.45M | 2.54M | 16.13M | 85.44M | -60.74M |
| Change in Unearned Revenue | -14.23M | -22.03M | -16.41M | 17.89M | -37.47M | 142.66M |
| Change in Other Net Operating Assets | -35.03M | -38.52M | -1.29M | -5.64M | -14.01M | 17.00M |
| Operating Cash Flow | 121.02M | 88.31M | 34.86M | 25.57M | 9.69M | 38.75M |
| Capital Expenditures | -6.86M | -9.62M | -16.10M | -14.12M | -7.53M | -2.33M |
| Sale of Property, Plant & Equipment | 338.00K | 338.00K | 213.00K | 601.00K | 1.06M | 31.50K |
| Cash Acquisitions | -5.23M | -4.46M | -19.62M | -3.25M | -220.47M | |
| Divestitures | 1.74M | |||||
| Sale (Purchase) of Intangibles | -12.19M | -7.36M | -2.44M | -10.54M | -7.46M | -459.00K |
| Other Investing Activities | -1.00K | 1.50K | ||||
| Investing Cash Flow | -23.94M | -21.10M | -37.94M | -24.06M | -15.45M | -223.22M |
| Long-Term Debt Issued | 325.70M | 90.00M | 234.79M | 158.00M | ||
| Total Debt Issued | 236.42M | 325.70M | 90.00M | 234.79M | 158.00M | 330.00M |
| Long-Term Debt Repaid | -346.58M | -97.98M | -208.90M | -191.45M | ||
| Lease Payments | -6.44M | -2.61M | ||||
| Total Debt Repaid | -391.68M | -346.58M | -97.98M | -208.90M | -191.45M | -2.61M |
| Net Debt Issued (Repaid) | -155.26M | -20.88M | -7.98M | 25.90M | -33.45M | 327.39M |
| Other Financing Activities | -66.13M | -3.38M | 676.00K | -11.24M | -4.11M | -3.58M |
| Financing Cash Flow | -15.61M | -24.26M | -7.31M | 14.66M | -37.55M | 323.81M |
| Foreign Exchange Rate Adjustments | -175.00K | 4.72M | -3.22M | -986.00K | -1.07M | -1.75M |
| Miscellaneous Cash Flow Adjustments | -1.00K | -1.50K | ||||
| Net Cash Flow | 81.29M | 47.67M | -13.61M | 15.19M | -44.39M | 137.59M |
| Free Cash Flow | 114.16M | 78.69M | 18.77M | 11.46M | 2.16M | 36.43M |
| Free Cash Flow Margin | 14.98% | 9.58% | 2.23% | 1.46% | 0.32% | 14.94% |
| Levered Free Cash Flow | 112.96M | 43.51M | 3.40M | -25.74M | 47.36M | |
| Unlevered Free Cash Flow | 133.90M | 68.82M | 24.83M | -2.63M | 66.73M | |
| Free Cash Flow After Leases | 114.16M | 78.69M | 18.77M | 11.46M | -4.28M | 33.81M |
| Cash Interest Paid | 23.52M | 28.02M | 23.28M | 26.16M | 21.72M | 3.85M |
| Cash Income Tax Paid | 22.18M | 18.33M | 17.22M | 11.97M | 3.72M | |
| Change in Working Capital | 5.20M | -33.98M | -82.28M | -36.59M | -44.96M | 3.23M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 765.20M | |||||
| Enterprise Value | 890.52M | |||||
| Debt / Equity Ratio | 0.29 | 0.56 | 0.60 | 0.63 | 0.60 | 0.60 |
| Debt / EBITDA Ratio | 1.69 | 2.35 | 2.22 | 2.88 | 4.72 | 10.47 |
| Debt / FCF Ratio | 2.15 | 4.96 | 20.16 | 32.57 | 158.30 | 9.89 |
| Net Debt / Equity Ratio | 0.15 | 0.42 | 0.52 | 0.52 | 0.52 | 0.45 |
| Net Debt / EBITDA Ratio | 0.94 | 1.90 | 2.04 | 2.66 | 4.47 | 8.51 |
| Net Debt / FCF Ratio | 1.10 | 3.73 | 17.55 | 27.11 | 136.37 | 7.37 |
| Asset Turnover | 0.55 | 0.60 | 0.61 | 0.59 | 0.52 | |
| Inventory Turnover | 1.89 | 2.16 | 2.19 | 2.71 | 1.71 | |
| Quick Ratio | 1.71 | 1.51 | 1.03 | 0.95 | 0.82 | 0.64 |
| Current Ratio | 2.97 | 2.81 | 1.94 | 1.67 | 1.41 | 1.14 |
| Return on Equity (ROE) | 3.87% | 6.93% | 8.49% | 3.00% | -5.46% | |
| Return on Assets (ROA) | 4.11% | 5.13% | 5.56% | 3.66% | 1.45% | |
| Return on Invested Capital (ROIC) | 5.77% | 7.31% | 8.91% | 4.69% | 3.48% | -1.44% |
| Return on Capital Employed (ROCE) | 7.90% | 9.90% | 11.70% | 7.90% | 3.30% | 2.10% |