Heritage Global (HGBL) EBITDA Margin (2010 - 2026)
Heritage Global's (HGBL) quarterly EBITDA Margin came in at 7.92% in Q1 2026, down 250.0% YoY from 5.28% in Q1 2025, and down 37.71% on a QoQ basis from 12.72% in Q4 2025.
Heritage Global (HGBL) EBITDA Margin (2010 - 2026) Analysis & Trends
Heritage Global (HGBL) has 16 years of EBITDA Margin data on file, last reported at 7.92% in Q1 2026.
- Quarterly EBITDA Margin fell 250.0% year-over-year to 7.92% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.9% (down 1005.0% YoY) and the FY2025 annual result came in at 12.12%, down 787.0% from the prior year.
- EBITDA Margin declined to 7.92% in Q1 2026, from 12.72% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 32.75% in Q2 2022 to a low of 7.92% in Q1 2026.
- A 5-year average of 19.04% and a median of 17.81% in 2023 frame the typical range for EBITDA Margin.
- Annual changes were most pronounced in 2022 — EBITDA Margin soared 3134 bps — and 2024, when it sank 1601 bps.
- Tracing HGBL's EBITDA Margin over 5 years: stood at 22.75% in 2022, then jumped by 31 bps to 29.8% in 2023, then tumbled by 54 bps to 13.79% in 2024, then declined by 8 bps to 12.72% in 2025, then slumped by 38 bps to 7.92% in 2026.
- The last three EBITDA Margin figures came in at 7.92% (Q1 2026), 12.72% (Q4 2025), and 11.45% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 95.89% |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 131.07% |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 63.04% |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 35.93% |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 138.98% |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 11.90% |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 45.17% |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 5.04% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 64.41% |
| 10 | Heritage Global | 39.30 Mn | 26.12 Mn | 9.46 Mn | -170.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -170.49% |
| Mar 31, 2026 | 7.92% |
| Dec 31, 2025 | 12.72% |
| Sep 30, 2025 | 11.45% |
| Jun 30, 2025 | 15.60% |
| Mar 31, 2025 | 10.42% |
| Dec 31, 2024 | 13.79% |
| Sep 30, 2024 | 14.21% |
| Jun 30, 2024 | 29.48% |
| Mar 31, 2024 | 21.03% |
| Dec 31, 2023 | 29.80% |
| Sep 30, 2023 | 17.81% |
| Jun 30, 2023 | 23.68% |
| Mar 31, 2023 | 23.44% |
| Dec 31, 2022 | 22.75% |
| Sep 30, 2022 | 27.44% |
| Jun 30, 2022 | 32.75% |
| Mar 31, 2022 | 9.35% |
| Dec 31, 2021 | 18.10% |
| Sep 30, 2021 | 8.90% |