Heritage Global (HGBL) FCF Margin (2010 - 2026)
Heritage Global (HGBL) reported FCF Margin of 25.47% for Q1 2026, up 1013.0% on a YoY basis from 2.29% in Q1 2025, and up 2.11% quarter-over-quarter from 26.02% in Q4 2025.
Heritage Global (HGBL) FCF Margin (2010 - 2026) Analysis & Trends
Heritage Global has reported FCF Margin for 16 years, with the latest figure at 25.47% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 1013.0% year-over-year to 25.47%; the trailing twelve-month figure through Mar 2026 stood at 114.35% (up 11186.0% YoY), and the FY2025 full-year result was 78.15%, up 6138.0% from the prior year.
- FCF Margin for Q1 2026 stood at 25.47%, up from 26.02% in the prior quarter.
- The five-year high for FCF Margin was 53.31% in Q1 2023, with the low at 51.19% in Q4 2024.
- Historically, FCF Margin has averaged 6.86% across 5 years, with a median of 11.03% in 2022.
- Annual changes were most pronounced in 2022 — FCF Margin jumped 11531 bps — and 2025, when it sank 5478 bps.
- Heritage Global's FCF Margin stood at 27.41% in 2022, then slumped by 90 bps to 2.79% in 2023, then slumped by 1937 bps to 51.19% in 2024, then surged by 49 bps to 26.02% in 2025, then increased by 2 bps to 25.47% in 2026.
- The last three FCF Margin figures came in at 25.47% (Q1 2026), 26.02% (Q4 2025), and 2.05% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | -38.15% |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | -188.27% |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 111.11% |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 190.16% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 214.80% |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 2.52% |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 16.77% |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 28.16% |
| 10 | Heritage Global | 45.32 Mn | 33.76 Mn | 11.67 Mn | -25.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -25.47% |
| Dec 31, 2025 | -26.02% |
| Sep 30, 2025 | -2.05% |
| Jun 30, 2025 | 12.02% |
| Mar 31, 2025 | -35.60% |
| Dec 31, 2024 | -51.19% |
| Sep 30, 2024 | 52.73% |
| Jun 30, 2024 | 49.71% |
| Mar 31, 2024 | 13.60% |
| Dec 31, 2023 | 2.79% |
| Sep 30, 2023 | 37.91% |
| Jun 30, 2023 | -18.42% |
| Mar 31, 2023 | 53.31% |
| Dec 31, 2022 | 27.41% |
| Sep 30, 2022 | 11.03% |
| Jun 30, 2022 | -18.08% |
| Mar 31, 2022 | 32.93% |
| Dec 31, 2021 | 19.84% |
| Sep 30, 2021 | -20.46% |
| Jun 30, 2021 | 29.50% |