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Hillman Solutions Corp. helps hardware stores, home centers and other retailers manage small items that can be difficult to stock and organize. Retailers buy products such as screws, anchors and work gloves, while Hillman’s field staff review inventory, replenish stock and maintain displays. Fasteners and related hardware account for most revenue; protective products are the next-largest product line. The store services support these product sales rather than forming a separate software business.
Hillman also earns from keys and identification tags sold through equipment installed in stores. It owns the machines: consumers use MinuteKey kiosks themselves, while store associates operate KeyKrafter systems. Quick-Tag machines let consumers engrave tags. This business earns from selling keys and tags, not from selling the installed equipment.
Home Depot and Lowe’s are its largest customers and together supply a large share of revenue, making reliable deliveries and store service important to retaining their business. Sales also depend on home repair and remodeling activity. Hillman imports most of its products, with China and Taiwan important supply sources. Imports face customs requirements and tariffs, so maintaining margins depends in part on passing higher costs through to customers or finding alternative supplies.
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Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
Also watch Lowe’s, absent from this list: it accounted for 20.9% of Hillman’s 2025 revenue, making it another major dependency.
Hillman depends heavily on Home Depot, which buys its hardware and related products and accounted for 22.5% of Hillman’s 2025 sales. Home Depot resells home-improvement products to consumers and professionals, so spending by those customers is worth watching for Hillman’s demand.
Simpson Manufacturing competes with Hillman in construction fasteners and anchors, selling products used in wood and concrete construction while Hillman supplies fastening products to retailers. Watch Simpson’s fastener and anchor business rather than its broader structural-product sales for the overlap with Hillman.
Illinois Tool Works competes with Hillman to sell fasteners to national retail accounts, where sourcing and price are central to competition. ITW also sells a much broader range of industrial products and equipment, so its overall results are less focused on this rivalry than news about fasteners sold to those retailers.
Stanley Black & Decker shares Hillman’s exposure to repair and construction spending: it sells tools and accessories used on the projects that require Hillman’s retail-supplied fasteners and hardware. Its tool and accessory sales are the relevant demand signal, rather than its entire business.
Masco and Hillman both depend on home repair and remodeling spending: Masco supplies branded products such as paint and faucets, while Hillman supplies hardware and fasteners to retailers. Masco’s Decorative Architectural Products sales normally strengthen in the second and third calendar quarters, when repair and remodeling activity peaks.
Tractor Supply buys from Hillman and sells hardware and clothing to rural customers, whose maintenance needs support demand for Hillman’s hardware and protective products. Watch those retail categories rather than Tractor Supply’s livestock or companion-animal sales for the closer connection to Hillman.
UFP Industries’ retail business and Hillman serve the same home-improvement projects: UFP supplies decking and other building products to big-box retailers, while Hillman supplies retail hardware and fasteners. UFP’s Retail Solutions sales to those retailers are the closer signal for Hillman, rather than its packaging business.
Illinois Tool Works Inc. earningsITW
Illinois Tool Works’ report can show how fastener sales and price competition are playing out at national retail accounts, the same channel where Hillman sells.
If the report gives detail on fasteners sold to national retail accounts, read volume alongside pricing. Steady volume without notable price concessions would suggest demand in this retail channel is holding up; weaker volume or discounting to win orders would suggest softer demand or tougher purchasing competition, putting more pressure on Hillman. ITW’s results alone do not establish Hillman’s sales or market share.
Hillman Solutions Corp. earningsThis company
Hillman sells hardware and fasteners mainly through retailers, and this report will show whether it can pass on higher costs without losing sales volume.
Read hardware sales volume alongside gross margin, and note any price changes. If volume holds after price increases and gross margin stays firm, Hillman is passing costs on without materially losing demand. If higher prices support sales while volume falls and gross margin narrows, demand is weakening or costs are not being fully recovered. The distinction is whether growth reflects demand or higher prices masking weaker volume.
Home Depot, Inc. earningsHD
Home Depot is Hillman’s largest customer, and its report will show whether homeowner and professional demand is supporting sales of Hillman’s hardware there.
Read Home Depot’s comparable sales alongside customer activity, such as transactions and average spend where reported, and note any comments on home improvement or hardware. Firm sales and customer activity would support demand through this important Hillman channel; weakness in both could put pressure on Home Depot’s orders of related products and, in turn, Hillman’s sales. Home Depot’s total results do not show Hillman’s share of its sales.
