Heritage Global (HGBL) Gross Margin (2010 - 2026)
Heritage Global's (HGBL) quarterly Gross Margin came in at 77.15% in Q2 2026, down 208.0% on a YoY basis from 71.43% in Q2 2025, and up 4.99% quarter-over-quarter from 73.48% in Q1 2026.
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Heritage Global (HGBL) Gross Margin (2010 - 2026) Analysis & Trends
Heritage Global (HGBL) has reported Gross Margin for 16 consecutive years, with 77.15% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 208.0% year-over-year to 77.15%; the trailing twelve-month figure through Jun 2026 stood at 76.19% (down 202.0% YoY), and the FY2025 full-year result was 76.47%, down 518.0% from the prior year.
- Gross Margin improved to 77.15% in Q2 2026 per HGBL's latest filing, from 73.48% in the prior quarter.
- Across five years, Gross Margin topped out at 85.23% in Q2 2023 and bottomed at 49.11% in Q2 2022.
- Historically, Gross Margin has averaged 75.35% across 5 years, with a median of 77.23% in 2025.
- The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 3234 bps in 2022, then surged 3612 bps in 2023.
- Over 5 years, Gross Margin stood at 69.58% in 2022, then increased by 15 bps to 80.1% in 2023, then retreated by 0 bps to 79.74% in 2024, then retreated by 3 bps to 77.31% in 2025, then dropped by 0 bps to 77.15% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 77.15%, 73.48%, and 77.31% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 59.65 Bn | 59.45 Bn | 1.98 Bn | 39.51% |
| 2 | Fastenal | 56.24 Bn | 56.03 Bn | 1.06 Bn | 44.56% |
| 3 | Ferguson Enterprises | 41.63 Bn | 40.81 Bn | 2.32 Bn | 31.02% |
| 4 | Reliance | 19.90 Bn | 19.67 Bn | 1.30 Bn | 28.09% |
| 5 | Wesco International | 16.76 Bn | 15.94 Bn | 1.46 Bn | 21.85% |
| 6 | Applied Industrial Technologies | 11.84 Bn | 11.72 Bn | 411.22 Mn | 30.40% |
| 7 | Watsco | 11.10 Bn | 11.11 Bn | 578.93 Mn | 27.50% |
| 8 | Avantor | 10.50 Bn | 10.19 Bn | 537.00 Mn | 31.73% |
| 9 | Core & Main | 7.86 Bn | 7.62 Bn | 573.00 Mn | 26.71% |
| 10 | Heritage Global | 46.42 Mn | 33.24 Mn | 9.46 Mn | 77.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 77.15% |
| Mar 31, 2026 | 73.48% |
| Dec 31, 2025 | 77.31% |
| Sep 30, 2025 | 77.03% |
| Jun 30, 2025 | 79.22% |
| Mar 31, 2025 | 71.97% |
| Dec 31, 2024 | 79.74% |
| Sep 30, 2024 | 83.33% |
| Jun 30, 2024 | 81.11% |
| Mar 31, 2024 | 80.17% |
| Dec 31, 2023 | 80.10% |
| Sep 30, 2023 | 78.05% |
| Jun 30, 2023 | 85.23% |
| Mar 31, 2023 | 73.90% |
| Dec 31, 2022 | 69.58% |
| Sep 30, 2022 | 76.19% |
| Jun 30, 2022 | 49.11% |
| Mar 31, 2022 | 63.64% |
| Dec 31, 2021 | 83.20% |
| Sep 30, 2021 | 81.64% |