Heritage Global (HGBL) EBITDA Margin (2010 - 2026)
Heritage Global (HGBL) reported EBITDA Margin of 7.92% for Q1 2026, down 250.0% on a YoY basis from 5.28% in Q1 2025, and down 37.71% quarter-over-quarter from 12.72% in Q4 2025.
Heritage Global (HGBL) EBITDA Margin (2010 - 2026) Analysis & Trends
Heritage Global has reported EBITDA Margin for 16 years, with the latest figure at 7.92% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin fell 250.0% year-over-year to 7.92%; the trailing twelve-month figure through Mar 2026 stood at 6.9% (down 1005.0% YoY), and the FY2025 full-year result was 15.15%, down 528.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 7.92%, down from 12.72% in the prior quarter.
- The five-year high for EBITDA Margin was 32.75% in Q2 2022, with the low at 7.92% in Q1 2026.
- Historically, EBITDA Margin has averaged 19.04% across 5 years, with a median of 17.81% in 2023.
- Annual changes were most pronounced in 2022 — EBITDA Margin soared 3134 bps — and 2024, when it sank 1601 bps.
- Heritage Global's EBITDA Margin 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 96,012.83 Bn | 96,012.83 Bn | - | - |
| 2 | Morgan Stanley | 328.23 Bn | 194.70 Bn | - | 95.15% |
| 3 | Goldman Sachs | 313.22 Bn | -624.33 Bn | - | 136.81% |
| 4 | Schwab Charles | 154.90 Bn | 109.92 Bn | - | 61.80% |
| 5 | Robinhood Markets | 75.17 Bn | 70.53 Bn | 960.00 Mn | 28.49% |
| 6 | Interactive Brokers | 38.41 Bn | 49.00 Bn | - | 14.74% |
| 7 | LPL Financial Holdings | 23.13 Bn | 22.10 Bn | - | 11.84% |
| 8 | Tradeweb Markets | 21.12 Bn | 19.87 Bn | - | 47.66% |
| 9 | Circle Internet | 19.75 Bn | 18.24 Bn | 35.01 Mn | 110.52% |
| 10 | Heritage Global | 46.70 Mn | 35.14 Mn | 11.67 Mn | 7.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 1.41% |