Heritage Global (HGBL) Invested Capital (2010 - 2026)
Heritage Global (HGBL) recorded Invested Capital of $56.01 million in Q2 2026, down 19.9% from $69.94 million a year earlier and down 22.1% from the prior quarter.
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Analysis
Heritage Global (HGBL) Invested Capital (2010 - 2026) Analysis & Trends
For FY2025, Heritage Global reported Invested Capital of $71.08 million, up 8.4% from FY2024.
- Annual Invested Capital has a four-year compound annual growth rate of 18.2% (FY2021 to FY2025).
- Across earlier years, Invested Capital came in at $65.6 million in FY2024 (-4.0%), $68.31 million in FY2023 (+29.9%), $52.58 million in FY2022 (+44.2%) and $36.47 million in FY2021.
- The Q2 2026 figure is the lowest quarterly Invested Capital since Q4 2022.
- On a year-over-year basis, Invested Capital rose in four of the last eight quarters, with an average decline of 1.0%.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 108.7% in Q3 2021, against a decline of 19.9% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $71.87 million (Q1 2026), $71.08 million (Q4 2025) and $70.6 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 65.40 Bn | 64.16 Bn | 1.73 Bn | 23.45 Bn |
| 2 | W.W. Grainger | 63.07 Bn | 60.67 Bn | 1.98 Bn | 6.92 Bn |
| 3 | Fastenal | 59.20 Bn | 58.13 Bn | 1.06 Bn | 4.19 Bn |
| 4 | Ferguson Enterprises | 44.13 Bn | 41.34 Bn | 2.32 Bn | 10.00 Bn |
| 5 | Sunbelt Rentals Holdings | 31.58 Bn | 31.46 Bn | 1.25 Bn | 16.00 Bn |
| 6 | Reliance | 21.32 Bn | 20.36 Bn | 1.30 Bn | 9.08 Bn |
| 7 | Wesco International | 16.71 Bn | 14.03 Bn | 1.46 Bn | 11.16 Bn |
| 8 | Applied Industrial Technologies | 12.36 Bn | 12.23 Bn | 411.22 Mn | 2.12 Bn |
| 9 | Watsco | 11.52 Bn | 9.20 Bn | 578.93 Mn | 3.59 Bn |
| 10 | Heritage Global | 44.32 Mn | -20.38 Mn | 8.34 Mn | 56.01 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 56.01 Mn |
| Mar 31, 2026 | 71.87 Mn |
| Dec 31, 2025 | 71.08 Mn |
| Sep 30, 2025 | 70.60 Mn |
| Jun 30, 2025 | 69.94 Mn |
| Mar 31, 2025 | 69.79 Mn |
| Dec 31, 2024 | 65.60 Mn |
| Sep 30, 2024 | 66.65 Mn |
| Jun 30, 2024 | 72.19 Mn |
| Mar 31, 2024 | 69.84 Mn |
| Dec 31, 2023 | 68.31 Mn |
| Sep 30, 2023 | 65.64 Mn |
| Jun 30, 2023 | 62.31 Mn |
| Mar 31, 2023 | 56.51 Mn |
| Dec 31, 2022 | 52.58 Mn |
| Sep 30, 2022 | 39.80 Mn |
| Jun 30, 2022 | 39.07 Mn |
| Mar 31, 2022 | 36.58 Mn |
| Dec 31, 2021 | 36.47 Mn |
| Sep 30, 2021 | 33.58 Mn |
API Access
Heritage Global Invested Capital 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=invested-capital&ticker=HGBL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=HGBL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();