Resolute Management (RHLD)
Market Price (10/28/2026): $119.25 | Market Cap: $932.5 MilSector: Industrials | Industry: Diversified Support Services
Resolute Management (RHLD)
Market Price (10/28/2026): $119.25Market Cap: $932.5 MilSector: IndustrialsIndustry: Diversified Support Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, FCF Yield is 7.5% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 239% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -52% Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Wealth Management Technology, Private Equity, Show more. | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 220% High stock price volatilityVol 12M is 121% Key risksRHLD key risks include [1] its heavy financial dependence on the performance of its managed companies, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, FCF Yield is 7.5% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 239% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -52% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Wealth Management Technology, Private Equity, Show more. |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 220% |
| High stock price volatilityVol 12M is 121% |
| Key risksRHLD key risks include [1] its heavy financial dependence on the performance of its managed companies, Show more. |
Qualitative Assessment
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Resolute Management (RHLD) stock has lost about 20% since 6/30/2026 because of the following key factors:
1. Resolute Management reported a significant GAAP net loss and deterioration in its balance sheet during fiscal Q2 2026, which was released on August 6, 2026. The company posted a GAAP diluted EPS attributable to common stockholders of $(1.53) for the quarter, compared to $(0.07) in the prior year. This resulted in a consolidated net income attributable to common stockholders loss of $12.4 million. Additionally, long-term debt increased substantially to $2.15 billion from $169.1 million at year-end 2025, and consolidated stockholders' equity turned negative to $(31.5) million from $6.5 million. Operating income for the six months fell to $29.5 million from $66.2 million, with the operating margin dropping to 3% from 30%. Gross margin also declined to 35% from 58%.
2. The company experienced analyst downgrades and a predominantly negative sentiment from research firms since June 30, 2026. On October 8, Weiss Ratings downgraded Resolute Management's stock from a "hold (c-)" rating to a "sell (d+)" rating. This contributed to an overall average "Sell" rating for RHLD from MarketBeat. While Wall Street Zen raised its rating to a "hold" on August 15, the prevailing consensus remained cautious or negative among analysts.
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Resolute Management (RHLD) stock has lost about 20% since 6/30/2026 because of the following key factors:
1. Resolute Management reported a significant GAAP net loss and deterioration in its balance sheet during fiscal Q2 2026, which was released on August 6, 2026. The company posted a GAAP diluted EPS attributable to common stockholders of $(1.53) for the quarter, compared to $(0.07) in the prior year. This resulted in a consolidated net income attributable to common stockholders loss of $12.4 million. Additionally, long-term debt increased substantially to $2.15 billion from $169.1 million at year-end 2025, and consolidated stockholders' equity turned negative to $(31.5) million from $6.5 million. Operating income for the six months fell to $29.5 million from $66.2 million, with the operating margin dropping to 3% from 30%. Gross margin also declined to 35% from 58%.
2. The company experienced analyst downgrades and a predominantly negative sentiment from research firms since June 30, 2026. On October 8, Weiss Ratings downgraded Resolute Management's stock from a "hold (c-)" rating to a "sell (d+)" rating. This contributed to an overall average "Sell" rating for RHLD from MarketBeat. While Wall Street Zen raised its rating to a "hold" on August 15, the prevailing consensus remained cautious or negative among analysts.
3. Broader macroeconomic headwinds, including elevated Treasury yields and Federal Reserve rate-hike uncertainty, created an unfavorable market environment for financial services and industrials stocks. Throughout the period, concerns such as elevated Treasury yields, noted near 5.1%, and uncertainty surrounding the Federal Reserve's interest rate decisions, particularly following "hot September PPI and CPI readings," served as a challenging backdrop for companies in the financial services sector like Resolute Management.
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Stock Movement Drivers
Fundamental Drivers
The -17.6% change in RHLD stock from 6/30/2026 to 10/27/2026 was primarily driven by a -45.3% change in the company's Net Income Margin (%).| (LTM values as of) | 6302026 | 10272026 | Change |
|---|---|---|---|
| Stock Price ($) | 144.53 | 119.15 | -17.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 766 | 1,120 | 46.2% |
| Net Income Margin (%) | 7.7% | 4.2% | -45.3% |
| P/E Multiple | 20.7 | 20.5 | -1.3% |
| Shares Outstanding (Mil) | 8 | 8 | 4.4% |
| Cumulative Contribution | -17.6% |
Market Drivers
6/30/2026 to 10/27/2026| Return | Correlation | |
|---|---|---|
| RHLD | -17.6% | |
| Market (SPY) | 3.1% | 29.3% |
| Sector (XLI) | -9.3% | 37.6% |
Fundamental Drivers
The -26.6% change in RHLD stock from 3/31/2026 to 10/27/2026 was primarily driven by a -71.2% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 10272026 | Change |
|---|---|---|---|
| Stock Price ($) | 162.30 | 119.15 | -26.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 462 | 1,120 | 142.3% |
| P/S Multiple | 3.0 | 0.9 | -71.2% |
| Shares Outstanding (Mil) | 9 | 8 | 5.1% |
| Cumulative Contribution | -26.6% |
Market Drivers
3/31/2026 to 10/27/2026| Return | Correlation | |
|---|---|---|
| RHLD | -26.6% | |
| Market (SPY) | 18.7% | 27.5% |
| Sector (XLI) | 4.1% | 38.2% |
Fundamental Drivers
The 65.1% change in RHLD stock from 9/30/2025 to 10/27/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 10272026 | Change |
|---|---|---|---|
| Stock Price ($) | 72.15 | 119.15 | 65.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 1,120 | 0.0% |
| Net Income Margin (%) | � | 4.2% | 0.0% |
| P/E Multiple | � | 20.5 | 0.0% |
| Shares Outstanding (Mil) | 8 | 8 | 4.7% |
| Cumulative Contribution | 0.0% |
Market Drivers
9/30/2025 to 10/27/2026| Return | Correlation | |
|---|---|---|
| RHLD | 65.1% | |
| Market (SPY) | 16.5% | 18.0% |
| Sector (XLI) | 9.8% | 18.5% |
Fundamental Drivers
nullnull
Market Drivers
9/30/2023 to 10/27/2026| Return | Correlation | |
|---|---|---|
| RHLD | ||
| Market (SPY) | 86.2% | 15.1% |
| Sector (XLI) | 72.2% | 18.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RHLD Return | - | - | - | - | 341% | -42% | 156% |
| Peers Return | 80% | -29% | 67% | 55% | -4% | -25% | 142% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 103% |
Monthly Win Rates [3] | |||||||
| RHLD Win Rate | - | - | - | - | 64% | 30% | |
| Peers Win Rate | 72% | 42% | 67% | 73% | 52% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 40% | |
Max Drawdowns [4] | |||||||
| RHLD Max Drawdown | - | - | - | - | - | -55% | |
| Peers Max Drawdown | -16% | -42% | -22% | -17% | -39% | -40% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BX, KKR, APO, CG, ARES.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/27/2026 (YTD)
How Low Can It Go
RHLD has limited trading history. Below is the Industrials sector ETF (XLI) in its place.
| Event | XLI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.8% | -18.8% |
| % Gain to Breakeven | 18.8% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -11.7% | -9.5% |
| % Gain to Breakeven | 13.2% | 10.5% |
| Time to Breakeven | 45 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.1% | -24.5% |
| % Gain to Breakeven | 25.1% | 32.4% |
| Time to Breakeven | 125 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.6% | -33.7% |
| % Gain to Breakeven | 71.2% | 50.9% |
| Time to Breakeven | 231 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.7% | -19.2% |
| % Gain to Breakeven | 31.1% | 23.8% |
| Time to Breakeven | 120 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -11.1% | -12.2% |
| % Gain to Breakeven | 12.5% | 13.9% |
| Time to Breakeven | 51 days | 62 days |
In The Past
State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
RHLD has limited trading history. Below is the Industrials sector ETF (XLI) in its place.
| Event | XLI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.1% | -24.5% |
| % Gain to Breakeven | 25.1% | 32.4% |
| Time to Breakeven | 125 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.6% | -33.7% |
| % Gain to Breakeven | 71.2% | 50.9% |
| Time to Breakeven | 231 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.7% | -19.2% |
| % Gain to Breakeven | 31.1% | 23.8% |
| Time to Breakeven | 120 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.5% | -17.9% |
| % Gain to Breakeven | 29.0% | 21.8% |
| Time to Breakeven | 114 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -60.5% | -53.4% |
| % Gain to Breakeven | 153.2% | 114.4% |
| Time to Breakeven | 700 days | 1085 days |
In The Past
State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Resolute Management (RHLD)
Resolute Holdings Management, Inc. (RHLD) operates as an alternative asset management platform company, incorporated in 2024 and based in New York. The company's core function is to manage and oversee investment strategies that venture beyond traditional assets like publicly traded stocks and bonds, focusing on a specialized range of alternative investments.
As an alternative asset management platform, Resolute Management likely provides various investment products and services that give clients access to non-traditional asset classes such as private equity, hedge funds, real estate, or private credit. The "platform" designation suggests it offers comprehensive operational, technological, and administrative infrastructure to effectively manage and deliver these often complex investment solutions to its clientele.
The primary customers served by Resolute Management are typically sophisticated investors, including institutional clients such as pension funds, endowments, and foundations, alongside ultra-high-net-worth individuals and family offices. These clients engage Resolute to achieve portfolio diversification and seek potentially enhanced risk-adjusted returns by allocating capital to the alternative asset landscape.
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Here are 1-3 brief analogies for Resolute Management (RHLD):
- A startup Blackstone.
- Like a new Apollo Global Management or KKR, managing diverse alternative investments.
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Alternative Asset Management Services: The company provides services related to managing investments in non-traditional asset classes such as private equity, real estate, and hedge funds.
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Resolute Management (RHLD) operates as an alternative asset management platform company. Given the nature of its business and its recent incorporation in 2024, specific customer names are not publicly disclosed. However, based on its operational description, the company primarily serves sophisticated investors. The categories of customers that Resolute Management would typically serve include:
- Institutional Investors: This category includes large organizations such as pension funds, endowments, sovereign wealth funds, and foundations that seek specialized alternative investment strategies for their portfolios.
- Family Offices and Ultra-High-Net-Worth Individuals (UHNWIs): Wealthy families and individuals who require tailored investment solutions and access to diverse alternative assets to manage and grow their substantial wealth.
- Other Financial Institutions: This may include other asset managers, wealth management firms, or consultants who utilize Resolute Management's platform to offer alternative investment products to their own client base.
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David Cote Executive Chairman
Mr. Cote brings over 40 years of operating experience across diverse industries. He previously served as Executive Chairman of the Board and Chief Executive Officer of Honeywell from 2002 to 2017, where he led a strategic shift focused on profitable growth, margin improvement, and a results-oriented culture. Under his leadership, Honeywell's revenues increased by 83% from 2003 to 2017, and its market capitalization grew from $20 billion to approximately $112 billion. He also implemented a disciplined acquisition framework to build Honeywell's divisions and optimize its business portfolio. More recently, since February 2020, Mr. Cote has served as the Executive Chairman of the Board of Vertiv, where the stock price increased by 1,520% during his tenure as of December 31, 2025.
Thomas R. Knott Chief Executive Officer
Mr. Knott has over 15 years of investment experience spanning various asset classes and investment structures. Most recently, he led the Permanent Capital Strategies group at Goldman Sachs, focusing on developing a platform to combine long-term capital and a disciplined acquisition strategy with operating capabilities. While at Goldman Sachs, Mr. Knott successfully led the initial public offerings of special purpose acquisition companies (SPACs) GS Acquisition Holdings Corp ("GSAH I") and GS Acquisition Holdings Corp II ("GSAH II") through to their respective mergers with Vertiv and Mirion Technologies.
Kurt Schoen Chief Financial Officer
Mr. Schoen has served as Chief Financial Officer of Resolute Holdings Management, Inc. since February 19, 2025. He is a CFA Charterholder and CPA. His prior experience includes serving as a Principal at I 130 Partners, a private investment firm, from March 2022 to September 2024, where he held operational roles at portfolio companies, including Interim CEO of Euro-Wall Systems and Head of M&A at Paschal Air, Plumbing & Electric. Before that, he was a Senior Equity Analyst at Hightower Advisors and GCI Partners, and held roles in equity research at CLSA Americas and as Controller at MHR Fund Management. His early career involved audit and accounting at KPMG.
Timothy Fitzsimmons Treasurer
Mr. Fitzsimmons is listed as the Treasurer for Resolute Holdings Management. He previously served as the Chief Financial Officer of CompoSecure, Inc., from which Resolute Holdings Management was spun off in February 2025. He is expected to retire from CompoSecure by early 2026 but will remain as a consultant through January 2027 to ensure a smooth transition.
David A.P. Marshall Chief Legal Counsel and Corporate Secretary
Mr. Marshall was appointed Chief Legal Counsel and Corporate Secretary, effective March 30, 2026. Prior to joining Resolute Holdings, he was a Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP in New York City for nearly a decade, where he advised public companies on complex transactions and capital markets matters. He holds a J.D. and M.P.P. from the University of Toronto and a B.A. from McGill University.
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Key Business Risks for Resolute Management (RHLD)
- High Concentration and Dependence on Performance of Managed Companies: Resolute Holdings Management, Inc. (RHLD) operates an asset-light model where its revenues are substantially derived from fees tied to the Adjusted EBITDA of a very limited number of managed companies, primarily GPGI, Inc. (formerly CompoSecure, Inc.) and, from 2026, Husky Technologies Limited. This structure creates a significant concentration risk, meaning any underperformance, operational challenges, or decline in profitability of these few entities would directly and severely impact RHLD's financial results and growth prospects.
- Stock Price Volatility and Perceived Overvaluation: RHLD has experienced considerable stock price volatility, including a significant decline after being flagged as overvalued by market analysis in late 2025. Such market perceptions and subsequent sharp re-pricing can negatively affect investor confidence, limit future capital-raising capabilities, and influence the company's overall market standing and ability to attract new managed assets.
- Exposure to Specific Industry and Operational Risks of Managed Entities: As an alternative asset management platform, RHLD is indirectly exposed to the distinct industry-specific and operational risks faced by its managed businesses. For example, GPGI's digital asset products, like Arculus, are subject to extensive and evolving regulatory and market risks. Similarly, Husky faces vulnerabilities related to cyclical capital spending, emerging-market demand, volatility in commodity prices (such as steel), foreign exchange fluctuations, and global supply-chain and trade-compliance risks. These external factors, largely outside RHLD's direct control, can significantly influence the performance of the managed companies and, consequently, RHLD's fee-based revenue streams.
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The rapid evolution and adoption of advanced AI/Machine Learning-driven platforms for investment analysis and portfolio management, coupled with the increasing maturation and application of blockchain technology for tokenizing and enabling greater liquidity in alternative assets, pose clear emerging threats. These technological advancements have the potential to fundamentally alter the competitive landscape by offering superior efficiency, lower costs, and enhanced liquidity that could disrupt existing and newly established alternative asset management platforms.
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Resolute Holdings Management, Inc. (RHLD) operates as an alternative asset management platform company that provides operating management services, including the oversight of capital allocation strategy, operational practices, and M&A sourcing and execution, for its managed businesses. Its revenue is primarily generated through management fees from these entities. The company focuses on acquiring high-quality businesses and implementing its "Resolute Operating System" to enhance their value.
The addressable market for Resolute Management's services can be framed within the broader alternative asset management industry, where it seeks to manage and grow alternative assets and businesses. The market for alternative assets is substantial and projected to grow significantly in the coming years:
- The global alternative assets under management (AUM) are forecasted to reach approximately $29.2 trillion by 2029, increasing from $16.8 trillion at the end of 2023, with an anticipated annualized growth rate of 9.7%.
- This global market is expected to surpass $30 trillion by 2030.
- Other projections estimate the global alternatives market AUM to reach $32 trillion by 2030, encompassing private equity, private credit, infrastructure, real estate, hedge funds, and natural resources.
- Specifically, the global alternative investment funds (AIFs) market was valued at $12.8 trillion in 2023 and is projected to reach $25.8 trillion by 2032, growing at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2032. In 2024, the global Alternative Investment Funds Market size was valued at over $13.81 trillion and is expected to grow to $23.69 trillion in 2032 at a CAGR of 8.0%.
For the United States:
- The U.S. asset management market as a whole is valued at approximately USD 140 trillion.
- Within the U.S. asset management market, alternative assets are projected to experience the fastest growth, with a 14.62% CAGR from 2026 to 2031.
- The overall U.S. asset management market size is projected at USD 70.97 trillion in 2026 and is forecast to reach USD 125.98 trillion by 2031.
While Resolute Management's services are specialized within "operating management" for businesses within the alternative asset space, these figures for the global and U.S. alternative asset management markets represent the broad addressable market in which the company operates and seeks to grow its managed assets.
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Resolute Management (RHLD) is an alternative asset management platform company that derives its revenue primarily from management fees based on the adjusted EBITDA of its managed entities. Over the next 2-3 years, several key drivers are expected to fuel its revenue growth:
- New Management Agreement with Husky Holdings LLC: A significant driver of future revenue growth is the management agreement with Husky Holdings LLC, which commenced in January 2026. This agreement is anticipated to substantially increase Resolute Management's fee stream and overall profitability. Husky, a manufacturer of industrial equipment, is projected to generate considerable adjusted EBITDA, translating into an estimated $10 million in additional quarterly management fees for RHLD.
- Organic Growth and Operational Improvements of Managed Businesses: Resolute Management's revenue is directly tied to the Adjusted EBITDA of its managed companies, which currently include CompoSecure and Husky. Therefore, growth in the underlying businesses through increased sales, market expansion, enhanced operational efficiencies, and the implementation of Resolute's Operating System (ROS) are expected to drive higher management fees for RHLD.
- Accretive Investments and Diversifying Acquisitions by Managed Businesses: Resolute Management provides oversight of capital allocation strategy and M&A sourcing and execution for its managed businesses. Growth achieved through accretive investments and strategic acquisitions made by CompoSecure and Husky will expand their respective Adjusted EBITDAs, consequently increasing the management fees collected by RHLD.
- Expansion to New Managed Entities: The company's stated primary business objective includes providing operating management services to "any other companies we may manage in the future," both domestically and internationally. This strategic focus on identifying and integrating new businesses into its management platform is a fundamental driver for expanding Resolute Management's fee-generating base over the coming years.
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Share Issuance
- Resolute Holdings Management, Inc. was spun off from CompoSecure, Inc. in February 2025, establishing its initial share structure.
- As of March 10, 2026, the company reported 8,474,010 common shares outstanding.
Inbound Investments
- The company's initial capital formation was through its spin-off from CompoSecure, Inc. in February 2025.
- Prior to the spin-off, for the fiscal year ended December 31, 2024, Resolute Holdings had only immaterial amounts of cash and no operations or revenues.
- Various institutional investors acquired new stakes in Resolute Holdings Management in the fourth quarter (likely 2025), with individual amounts ranging from approximately $27,000 to $86,000.
Outbound Investments
- Resolute Holdings Management operates as an alternative asset management platform focused on providing operating management services, including oversight of capital allocation strategy and M&A sourcing and execution, for its managed businesses such as GPGI, Inc. and Husky Holdings LLC.
- Resolute Holdings does not own equity in GPGI, Husky, or GPGI Holdings, indicating its role as a manager rather than a direct equity investor in these entities.
Capital Expenditures
- Resolute Holdings had no operations or revenues for the fiscal year ended December 31, 2024.
- Following its spin-off, Resolute Holdings has incurred and expects to continue incurring significant costs for initial resource investments to build capabilities required for its management agreements.
Peer Outperformance in Diversified Support Services
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 30 | -4.8% | 121.3% | 153.5% | STRL 1507% · FIX 1488% · AGX 783% |
| Marine Transportation | 5 | 54.5% | 55.5% | 146.4% | MATX 198% · KEX 146% |
| Construction Machinery & Heavy Transportation Equipment | 13 | -2.1% | 62.7% | 95.9% | CAT 294% · ALSN 256% · WAB 223% |
| Aerospace & Defense | 52 | -13.6% | 61.4% | 64.5% | ATI 1012% · FTAI 714% · HWM 563% |
| Trading Companies & Distributors | 19 | 13.4% | 41.4% | 62.4% | DXPE 425% · URI 247% · AIT 222% |
| Industrial Machinery & Supplies & Components | 72 | 1.6% | 58.8% | 38.5% | CRS 899% · MLI 351% · SYM 292% |
| Diversified Support Services ← | 34 | 15.0% | 43.7% | 34.6% | CXW 268% · OPLN 157% · CACI 145% |
| Rail Transportation | 7 | 35.6% | 66.8% | 31.4% | CSX 56% · UNP 40% · NSC 31% |
| Building Products | 32 | -9.0% | 21.3% | 26.9% | GFF 373% · TT 176% · JCI 140% |
| Cargo Ground Transportation | 16 | 36.9% | 11.6% | 20.2% | XPO 264% · R 263% · ARCB 54% |
| Electrical Components & Equipment | 37 | -8.9% | 78.2% | 10.9% | POWL 1955% · VRT 749% · BE 691% |
| Industrial Conglomerates | 17 | 9.0% | 6.5% | -4.7% | CSW 127% · DD 83% · CSL 65% |
| Agricultural & Farm Machinery | 16 | 0.2% | -7.4% | -11.8% | DE 102% · TTC 20% · AGCO -5% |
| Data Processing & Outsourced Services | 6 | -24.0% | 0.8% | -16.4% | EXLS 66% · BR 7% · G -14% |
| Security & Alarm Services | 9 | -55.6% | 27.9% | -18.1% | BCO 72% |
| Office Services & Supplies | 9 | 19.9% | 17.8% | -20.4% | PBI 214% · TILE 152% · HNI 54% |
| Environmental & Facilities Services | 29 | -31.4% | 37.5% | -23.0% | GEO 269% · CLH 180% · RSG 94% |
| Research & Consulting Services | 13 | -0.8% | -18.0% | -27.0% | HURN 297% · BAH 16% · FCN 11% |
| Passenger Airlines | 11 | -0.8% | 30.5% | -31.9% | LTM 3073% · UAL 129% · DAL 117% |
| Passenger Ground Transportation | 3 | -31.8% | 59.5% | -35.2% | UBER 47% · CAR -35% · LYFT -64% |
| Air Freight & Logistics | 12 | -23.5% | -6.6% | -39.1% | FDX 80% · EXPD 77% · CHRW 66% |
| Human Resource & Employment Services | 22 | 15.0% | -6.5% | -42.4% | ADP 48% · FA 12% · PAYX 4% |
| Airport Services | 4 | -53.6% | -56.0% | -85.2% | JOBY -43% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Resolute Management Earnings Notes | 12/16/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 115.50 |
| Mkt Cap | 47.6 |
| Rev LTM | 9,800 |
| Op Inc LTM | 1,367 |
| FCF LTM | 1,588 |
| FCF 3Y Avg | 4,240 |
| CFO LTM | 1,700 |
| CFO 3Y Avg | 4,352 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 27.9% |
| Rev Chg 3Y Avg | 23.6% |
| Rev Chg Q | 22.8% |
| QoQ Delta Rev Chg LTM | 5.7% |
| Op Inc Chg LTM | 66.7% |
| Op Inc Chg 3Y Avg | 46.0% |
| Op Mgn LTM | 13.7% |
| Op Mgn 3Y Avg | 20.0% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 13.5% |
| CFO/Rev 3Y Avg | 26.3% |
| FCF/Rev LTM | 12.5% |
| FCF/Rev 3Y Avg | 25.5% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2022 | 2021 |
|---|---|---|---|---|
| GPGI Holdings | 462 | 421 | ||
| Resolute Holdings | 12 | 0 | ||
| Intercompany/Eliminations | -12 | 0 | ||
| Single segment | 378 | 268 | ||
| Total | 462 | 421 | 378 | 268 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| GPGI Holdings | 147 | 127 |
| Intercompany/Eliminations | 2 | 2 |
| Resolute Holdings | -5 | -2 |
| Total | 143 | 127 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| GPGI Holdings | 138 | 110 |
| Intercompany/Eliminations | 2 | 2 |
| Resolute Holdings | -6 | -2 |
| Total | 134 | 110 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| GPGI Holdings | 324 | 202 |
| Resolute Holdings | 13 | 0 |
| Intercompany/Eliminations | -4 | 0 |
| Total | 333 | 202 |
Price Behavior
| Market Price | $119.15 | |
| Market Cap ($ Bil) | 1.0 | |
| First Trading Date | 02/28/2025 | |
| Distance from 52W High | -47.4% | |
| 50 Days | 200 Days | |
| DMA Price | $123.63 | $143.05 |
| DMA Trend | down | down |
| Distance from DMA | -3.6% | -16.7% |
| 3M | 1YR | |
| Volatility | 53.0% | 121.2% |
| Downside Capture | 176.99 | 232.07 |
| Upside Capture | 106.49 | 250.88 |
| Correlation (S&P 500) | 26.0% | 17.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.56 | 1.72 | 1.70 | 1.43 | 1.70 | 0.65 |
| Up Beta | 0.63 | 2.80 | 2.12 | 2.11 | 0.51 | -0.58 |
| Down Beta | 4.71 | 2.50 | 1.95 | -0.20 | 0.59 | 0.68 |
| Up Capture | 72% | 101% | 95% | 102% | 542% | 197% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 8 | 22 | 30 | 62 | 131 | 201 |
| Down Capture | 260% | 163% | 209% | 208% | 159% | 104% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 14 | 20 | 34 | 64 | 121 | 193 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RHLD | |
|---|---|---|---|---|
| RHLD | 50.1% | 121.2% | 0.76 | - |
| Sector ETF (XLI) | 9.4% | 17.2% | 0.35 | 16.2% |
| Equity (SPY) | 14.6% | 12.7% | 0.79 | 16.9% |
| Gold (GLD) | -1.4% | 28.5% | -0.06 | 11.3% |
| Commodities (DBC) | 47.3% | 20.6% | 1.76 | -7.4% |
| Real Estate (VNQ) | 3.8% | 13.9% | 0.02 | 9.0% |
| Bitcoin (BTCUSD) | -27.9% | 43.4% | -0.63 | 4.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RHLD | |
|---|---|---|---|---|
| RHLD | 19.8% | 112.3% | 0.91 | - |
| Sector ETF (XLI) | 11.8% | 17.6% | 0.50 | 18.3% |
| Equity (SPY) | 12.8% | 17.1% | 0.56 | 15.2% |
| Gold (GLD) | 17.6% | 18.9% | 0.75 | 7.9% |
| Commodities (DBC) | 9.2% | 19.5% | 0.35 | -6.1% |
| Real Estate (VNQ) | 1.0% | 18.9% | -0.06 | 12.0% |
| Bitcoin (BTCUSD) | 4.5% | 51.6% | 0.27 | 10.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RHLD | |
|---|---|---|---|---|
| RHLD | 9.4% | 112.3% | 0.91 | - |
| Sector ETF (XLI) | 13.3% | 20.1% | 0.58 | 18.3% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 15.2% |
| Gold (GLD) | 12.0% | 16.4% | 0.60 | 7.9% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | -6.1% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 12.0% |
| Bitcoin (BTCUSD) | 62.2% | 66.2% | 1.02 | 10.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 9/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -5.5% | -5.6% | 1.7% |
| 5/7/2026 | -22.7% | -24.1% | -15.0% |
| 3/12/2026 | -25.1% | 0.4% | 3.2% |
| 11/3/2025 | 96.8% | 136.3% | 160.2% |
| 8/7/2025 | 17.4% | 41.6% | 65.0% |
| 5/12/2025 | 5.8% | 19.6% | 41.6% |
| SUMMARY STATS | |||
| # Positive | 3 | 4 | 5 |
| # Negative | 3 | 2 | 1 |
| Median Positive | 17.4% | 30.6% | 41.6% |
| Median Negative | -22.7% | -14.9% | -15.0% |
| Max Positive | 96.8% | 136.3% | 160.2% |
| Max Negative | -25.1% | -24.1% | -15.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -5.5% | -5.6% | 1.7% |
| 5/7/2026 | -22.7% | -24.1% | -15.0% |
| 3/12/2026 | -25.1% | 0.4% | 3.2% |
| 11/3/2025 | 96.8% | 136.3% | 160.2% |
| 8/7/2025 | 17.4% | 41.6% | 65.0% |
| 5/12/2025 | 5.8% | 19.6% | 41.6% |
| SUMMARY STATS | |||
| # Positive | 3 | 4 | 5 |
| # Negative | 3 | 2 | 1 |
| Median Positive | 17.4% | 30.6% | 41.6% |
| Median Negative | -22.7% | -14.9% | -15.0% |
| Max Positive | 96.8% | 136.3% | 160.2% |
| Max Negative | -25.1% | -24.1% | -15.0% |
Insider Activity
Updated 8/24/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Schoen, Kurt | Chief Financial Officer | Direct | Buy | 8242026 | 117.84 | 375 | 44,190 | 380,034 | Form |
| 2 | Mikkilineni, Krishna | Direct | Buy | 5152026 | 108.52 | 921 | 99,990 | 124,298 | Form | |
| 3 | Schoen, Kurt | Chief Financial Officer | Direct | Buy | 5152026 | 108.34 | 450 | 48,753 | 308,769 | Form |
| 4 | Thompson, Jane J | Direct | Sell | 3182026 | 124.42 | 1,850 | 230,177 | 780,487 | Form | |
| 5 | Schoen, Kurt | Chief Financial Officer | Direct | Buy | 3182026 | 141.51 | 500 | 70,755 | 339,624 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Schoen, Kurt | Chief Financial Officer | Direct | Buy | 8242026 | 117.84 | 375 | 44,190 | 380,034 | Form |
| 2 | Mikkilineni, Krishna | Direct | Buy | 5152026 | 108.52 | 921 | 99,990 | 124,298 | Form | |
| 3 | Schoen, Kurt | Chief Financial Officer | Direct | Buy | 5152026 | 108.34 | 450 | 48,753 | 308,769 | Form |
| 4 | Thompson, Jane J | Direct | Sell | 3182026 | 124.42 | 1,850 | 230,177 | 780,487 | Form | |
| 5 | Schoen, Kurt | Chief Financial Officer | Direct | Buy | 3182026 | 141.51 | 500 | 70,755 | 339,624 | Form |
| 6 | Cote, John D | Spouse | Buy | 3182026 | 142.29 | 552 | 78,545 | 78,545 | Form | |
| 7 | Schoen, Kurt | Chief Financial Officer | Direct | Buy | 11202025 | 149.23 | 900 | 134,307 | 283,537 | Form |
| 8 | Mahoney, Timothy O | Direct | Buy | 11202025 | 152.98 | 3,268 | 499,985 | 1,408,534 | Form | |
| 9 | Mahoney, Timothy O | Direct | Buy | 11122025 | 168.52 | 5,939 | 1,000,869 | 1,000,869 | Form | |
| 10 | Schoen, Kurt | Chief Financial Officer | Direct | Buy | 11122025 | 164.95 | 1,000 | 164,950 | 164,950 | Form |
Investor Activity (13F)
Updated Oct 28, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Tikvah Management LLC | $31.9 Mil | 9.9% | 21 | ADD +6.9% | 13F |
| Nine Ten Capital Management LLC | $15.1 Mil | 4.8% | 8 | Hold | 13F |
| Newtyn Management, LLC | $39.3 Mil | 4.2% | 33 | Hold | 13F |
| Ratan Capital Management LP | $6.5 Mil | 2.4% | 37 | New | 13F |
| Locust Wood Capital Advisers, LLC | $87.1 Mil | 2.4% | 27 | Hold | 13F |
| Active Manager |
|---|
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Locust Wood Capital Advisers, LLC | $87.1 Mil | 2.4% | 27 | Hold | 13F |
| Newtyn Management, LLC | $39.3 Mil | 4.2% | 33 | Hold | 13F |
| Tikvah Management LLC | $31.9 Mil | 9.9% | 21 | ADD +6.9% | 13F |
| Nine Ten Capital Management LLC | $15.1 Mil | 4.8% | 8 | Hold | 13F |
| Ratan Capital Management LP | $6.5 Mil | 2.4% | 37 | New | 13F |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Diversified Support Services Resources |
| Facilities Management Journal (FMJ) |
| Supply Chain Brain |
| Corporate Services News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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