Heritage Global (HGBL) EBT Margin (2010 - 2026)
Heritage Global (HGBL) reported EBT Margin of 7.76% for Q1 2026, down 308.0% on a YoY basis from 3.73% in Q1 2025, and up 415.25% quarter-over-quarter from 2.46% in Q4 2025.
Heritage Global (HGBL) EBT Margin (2010 - 2026) Analysis & Trends
Heritage Global has reported EBT Margin for 16 years, with the latest figure at 7.76% in Q1 2026.
- For the quarter ending Q1 2026, EBT Margin fell 308.0% year-over-year to 7.76%; the trailing twelve-month figure through Mar 2026 stood at 91.61% (up 7454.0% YoY), and the FY2025 full-year result was 88.56%, up 6878.0% from the prior year.
- EBT Margin for Q1 2026 stood at 7.76%, up from 2.46% in the prior quarter.
- The five-year high for EBT Margin was 32.42% in Q2 2022, with the low at 2.46% in Q4 2025.
- Historically, EBT Margin has averaged 17.96% across 5 years, with a median of 17.45% in 2023.
- Annual changes were most pronounced in 2022 — EBT Margin jumped 3083 bps — and 2025, when it sank 1709 bps.
- Heritage Global's EBT Margin stood at 22.63% in 2022, then gained by 29 bps to 29.15% in 2023, then slumped by 50 bps to 14.63% in 2024, then sank by 117 bps to 2.46% in 2025, then jumped by 415 bps to 7.76% in 2026.
- The last three EBT Margin figures came in at 7.76% (Q1 2026), 2.46% (Q4 2025), and 11.75% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 34.07% |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 37.65% |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 49.18% |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 38.52% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 77.17% |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 9.81% |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 49.04% |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 136.18% |
| 10 | Heritage Global | 45.32 Mn | 33.76 Mn | 11.67 Mn | 7.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.76% |
| Dec 31, 2025 | -2.46% |
| Sep 30, 2025 | 11.75% |
| Jun 30, 2025 | 15.73% |
| Mar 31, 2025 | 10.84% |
| Dec 31, 2024 | 14.63% |
| Sep 30, 2024 | 14.37% |
| Jun 30, 2024 | 28.58% |
| Mar 31, 2024 | 20.28% |
| Dec 31, 2023 | 29.15% |
| Sep 30, 2023 | 17.45% |
| Jun 30, 2023 | 22.90% |
| Mar 31, 2023 | 23.03% |
| Dec 31, 2022 | 22.63% |
| Sep 30, 2022 | 27.27% |
| Jun 30, 2022 | 32.42% |
| Mar 31, 2022 | 8.95% |
| Dec 31, 2021 | 17.73% |
| Sep 30, 2021 | 8.80% |
| Jun 30, 2021 | 1.58% |