Heritage Global (HGBL) Gross Margin (2015 - 2026)
Heritage Global (HGBL) recorded Gross Margin of 68.01% in Q2 2026, up 9.21 percentage points from 58.80% a year earlier and up 2.80 percentage points from the prior quarter.
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Analysis
Heritage Global (HGBL) Gross Margin (2015 - 2026) Analysis & Trends
On a TTM basis, Heritage Global's Gross Margin came in at 64.83% as of Jun 30, 2026, up 1.31 percentage points year-over-year; for FY2025, it was 60.87%, down 7.99 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -4.34 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 68.86% in FY2024 (+3.10 pp), 65.76% in FY2023 (+10.33 pp), 55.43% in FY2022 (-15.77 pp) and 71.20% in FY2021 (+5.99 pp).
- The Q2 2026 figure is the highest quarterly Gross Margin since Q4 2024.
- On a year-over-year basis, Gross Margin rose in three of the last eight quarters, with an average year-over-year change of -1.39 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 30.55 percentage points in Q2 2023, against a drop of 33.32 percentage points in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 65.21% (Q1 2026), 61.66% (Q4 2025) and 64.26% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 65.40 Bn | 64.16 Bn | 1.73 Bn | 39.27% |
| 2 | W.W. Grainger | 63.07 Bn | 60.67 Bn | 1.98 Bn | 39.51% |
| 3 | Fastenal | 59.20 Bn | 58.13 Bn | 1.06 Bn | 44.56% |
| 4 | Ferguson Enterprises | 44.13 Bn | 41.34 Bn | 2.32 Bn | 31.02% |
| 5 | Sunbelt Rentals Holdings | 31.58 Bn | 31.46 Bn | 1.25 Bn | 40.10% |
| 6 | Reliance | 21.32 Bn | 20.36 Bn | 1.30 Bn | 28.09% |
| 7 | Wesco International | 16.71 Bn | 14.03 Bn | 1.46 Bn | 21.85% |
| 8 | Applied Industrial Technologies | 12.36 Bn | 12.23 Bn | 411.22 Mn | 30.40% |
| 9 | Watsco | 11.52 Bn | 9.20 Bn | 578.93 Mn | 27.50% |
| 10 | Heritage Global | 44.32 Mn | -20.38 Mn | 8.34 Mn | 68.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 68.01% |
| Mar 31, 2026 | 65.21% |
| Dec 31, 2025 | 61.66% |
| Sep 30, 2025 | 64.26% |
| Jun 30, 2025 | 58.80% |
| Mar 31, 2025 | 59.52% |
| Dec 31, 2024 | 69.16% |
| Sep 30, 2024 | 69.33% |
| Jun 30, 2024 | 69.05% |
| Mar 31, 2024 | 68.00% |
| Dec 31, 2023 | 70.70% |
| Sep 30, 2023 | 62.47% |
| Jun 30, 2023 | 71.43% |
| Mar 31, 2023 | 59.82% |
| Dec 31, 2022 | 62.79% |
| Sep 30, 2022 | 59.99% |
| Jun 30, 2022 | 40.89% |
| Mar 31, 2022 | 55.58% |
| Dec 31, 2021 | 69.13% |
| Sep 30, 2021 | 70.37% |
API Access
Heritage Global Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=HGBL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "HGBL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=HGBL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();