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Private company

HOMELAND ENERGY SOLUTIONS LLC

HOMELAND ENERGY SOLUTIONS LLC is an industrial organic chemicals company.1 It is headquartered in Lawler, Iowa.1

Last updated Oct 21, 2026.

Overview

  • IndustryIndustrial Organic Chemicals1
  • HeadquartersLawler, Iowa1
  • Business address2779 Highway 24, Lawler, Ia 521542
  • Filer categoryNon-accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

17.6%Gross margin3
16.5%Operating margin3
16.5%Net margin3
88.7%Revenue growth, 20213
$88.0MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue82¢$437.7M
  • Other costs1¢$5.5M
  • Interest0¢$272.4K
  • Profit17¢$87.7M

Out of $531.1M in revenue.3

Where each dollar of operating cash went, fiscal 2021

  • Capital spending5¢$4.7M
  • Kept or used elsewhere95¢$88.0M

Out of $92.7M of cash from operations.3

Financial statements

Revenue45673$531.1M in 2021+97% since 2015
0$200.0M$400.0M$600.0M2015: $270.0M$270.0M20152016: $272.9M$272.9M2016+1%2017: $256.5M$256.5M2017−6%2018: $307.4M$307.4M2018+20%2019: $329.8M$329.8M2019+7%2020: $281.4M$281.4M2020−15%2021: $531.1M$531.1M2021+89%
Gross profit45673$93.4M in 2021+242% since 2015
0$25.0M$50.0M$75.0M$100.0M2015: $27.3M$27.3M20152016: $37.2M$37.2M2016+36%2017: $19.7M$19.7M2017−47%2018: $23.9M$23.9M2018+21%2019: $22.1M$22.1M2019−7%2020: $7.8M$7.8M2020−65%2021: $93.4M$93.4M2021+1101%
Operating income45673$87.8M in 2021+270% since 2015
0$25.0M$50.0M$75.0M$100.0M2015: $23.7M$23.7M20152016: $33.4M$33.4M2016+41%2017: $16.2M$16.2M2017−52%2018: $20.2M$20.2M2018+25%2019: $18.2M$18.2M2019−10%2020: $4.1M$4.1M2020−78%2021: $87.8M$87.8M2021+2063%
Net income45673$87.7M in 2021+258% since 2015
0$25.0M$50.0M$75.0M$100.0M2015: $24.5M$24.5M20152016: $34.5M$34.5M2016+41%2017: $16.8M$16.8M2017−51%2018: $19.8M$19.8M2018+17%2019: $19.5M$19.5M2019−1%2020: $6.1M$6.1M2020−69%2021: $87.7M$87.7M2021+1343%
Fiscal year2015201620172018201920202021
Revenue$270.0M4$272.9M5$256.5M6$307.4M7$329.8M3$281.4M3$531.1M3
Cost of revenue$242.6M4$235.8M5$236.8M6$283.5M7$307.7M3$273.6M3$437.7M3
Gross profit$27.3M4$37.2M5$19.7M6$23.9M7$22.1M3$7.8M3$93.4M3
Operating expenses$5.6M3
Operating income$23.7M4$33.4M5$16.2M6$20.2M7$18.2M3$4.1M3$87.8M3
Interest$04$05$318.3K6$1.3M7$902.1K3$591.6K3$272.4K3
Net income$24.5M4$34.5M5$16.8M6$19.8M7$19.5M3$6.1M3$87.7M3

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What it owns

What HOMELAND ENERGY SOLUTIONS LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Buildings and improvements$8.8M3 Dec 31, 2021$8.8M3 Dec 31, 2020+0.1%
Machinery and equipment$242.0M3 Dec 31, 2021$240.4M3 Dec 31, 2020+0.7%
Construction in progress$3.5M3 Dec 31, 2021$620.8K3 Dec 31, 2020+462.3%
Property and equipment, before depreciation$277.5M3 Dec 31, 2021$273.1M3 Dec 31, 2020+1.6%
Accumulated depreciation$161.5M3 Dec 31, 2021$144.6M3 Dec 31, 2020+11.8%
Property and equipment, net$116.0M3 Dec 31, 2021$128.5M3 Dec 31, 2020−9.8%
Operating-lease assets (leased space)$1.5M3 Dec 31, 2021$3.1M3 Dec 31, 2020−52.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$18.3M3 Dec 31, 2021$5.1M3 Dec 31, 2020+261.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$39.3M3 Dec 31, 2021$24.5M3 Dec 31, 2020+60.5%
Raw materials$30.9M3 Dec 31, 2021$15.9M3 Dec 31, 2020+94.4%
Work in process$3.7M3 Dec 31, 2021$2.9M3 Dec 31, 2020+25.5%
Finished goods$4.7M3 Dec 31, 2021$5.6M3 Dec 31, 2020−17.0%

Leadership

Who has led HOMELAND ENERGY SOLUTIONS LLC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Walter W. Wendland2009
  2. James Broghammer2016
  3. Aristotelis Papasimakis2021

President

  1. Stephen K. Eastman2008
  2. Walter W. Wendland2009
  3. Aristotelis Papasimakis2021

Chief financial officer

  1. Christine A. Marchand2009
  2. Jeffrey Steven Grober2010
  3. David Allen Finke2011
  4. Beth Eiler2017
2010201520202025
Board members and other officers (23)

Timeline

  1. Jun 16, 20228-K Shareholder vote37
  2. Dec 16, 20218-K Other events38
  3. Nov 29, 20218-K Results of operations39
  4. Oct 21, 20218-K Other events40
  5. Oct 5, 2021New chief executive Aristotelis Papasimakis becomes CEO10
  6. Feb 23, 2016New chief executive James Broghammer becomes CEO11
  7. Jan 14, 2009New chief executive Walter W. Wendland becomes CEO12

Calendar

When it reported results

  1. Nov 29, 2021Reported quarterly or annual results39

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

16 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 4 major events, 2 insider forms, 7 other. The latest 16:

  1. Jun 21, 202215-12G EDGAR
  2. Jun 16, 2022SC 13E3/A EDGAR
  3. Jun 16, 20228-K EDGAR
  4. May 16, 202210-Q EDGAR
  5. May 6, 2022SC 13E3/A EDGAR
  6. May 6, 2022DEF 14A EDGAR
  7. Apr 20, 20224 PRIMARY DOCUMENT EDGAR
  8. Mar 31, 2022SC 13E3 EDGAR
  9. Mar 30, 2022DEFA14A EDGAR
  10. Mar 30, 2022PRE 14A EDGAR
  11. Mar 10, 202210-K EDGAR
  12. Dec 16, 20218-K EDGAR
  13. Nov 29, 20218-K EDGAR
  14. Nov 12, 202110-Q EDGAR
  15. Oct 21, 20218-K 8-K OCTOBER 2021 DISTRIBUTION EDGAR
  16. Oct 5, 20213 PRIMARY DOCUMENT EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 20, 2022MARCHAND CHRISTINE ADirectorBuy25$3,000.00$75.0KForm 4

From Forms 4 filed with the SEC.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$907.7K 2020–2020
Money received by yearMoney received by year, 2020–2020: $907.7K in all. PPP loans $907.7K.$0$250K$500K$750K$1M2020 · PPP loans: $907.7K2020
Figures by year
YearPPP loansTotal
2020$907.7K$907.7K

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA41. Matched to this company by name and state.

  1. Apr 6, 2020$907.7K PPP loan (first draw) from Home Federal Savings Bank41To HOMELAND ENERGY SOLUTIONS, LLC, Lawler IA; $912.8K forgiven Nov 3, 2020

SEC filer profile

How HOMELAND ENERGY SOLUTIONS LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHOMELAND ENERGY SOLUTIONS LLC1
  • CIK0001366744
  • Employer ID (EIN)20-39193561
  • Filer statusNon-accelerated filer1
  • Fiscal year endsDecember 311
  • Industry code (SIC)2860 Industrial Organic Chemicals1
  • Business address2779 Highway 24, Lawler, IA 521541
  • Phone(563) 238-55551
  • Shares outstanding64,560 as of May 13, 20228
  • Public float$56.9M as of Jun 30, 20213
  • On EDGAR sinceJun 9, 20061
  • Filings316 in all: 8-K (119), 10-Q (43), 3 (28), DEF 14A (15), UPLOAD (15), 10-K (14), 4 (14), DEFA14A (13)1
    All 28 form types

    CORRESP (8), CT ORDER (7), PRE 14A (6), 10QSB (4), 8-K/A (4), SB-2/A (4), 424B3 (3), 10KSB (2), 10KSB/A (2), EFFECT (2), NT 10-Q (2), SC 13E3/A (2), SC 13G (2), 15-12G (1), 8-A12G (1), POS AM (1), REGDEX (1), SB-2 (1), SC 13E3 (1), SC 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 10, 2022
    Quarterly report (10-Q) May 16, 2022
    Proxy statement (DEF 14A) May 6, 2022
    Latest 8-K (8-K) Jun 16, 2022

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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    SEC EDGAROther events
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