Heritage Global (HGBL) Net Margin (2010 - 2026)
Heritage Global's (HGBL) quarterly Net Margin came in at 5.63% in Q1 2026, down 227.0% YoY from 4.44% in Q1 2025, and up 28.06% on a QoQ basis from 4.4% in Q4 2025.
Heritage Global (HGBL) Net Margin (2010 - 2026) Analysis & Trends
Heritage Global (HGBL) has 16 years of Net Margin data on file, last reported at 5.63% in Q1 2026.
- Quarterly Net Margin fell 227.0% year-over-year to 5.63% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 51.28% (up 3503.0% YoY) and the FY2025 annual result came in at 28.11%, up 977.0% from the prior year.
- Net Margin advanced to 5.63% in Q1 2026, from 4.4% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 36.25% in Q4 2022 to a low of 4.4% in Q4 2025.
- A 5-year average of 17.18% and a median of 17.03% in 2023 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin soared 2349 bps — and 2025, when it plunged 2283 bps.
- Tracing HGBL's Net Margin over 5 years: stood at 36.25% in 2022, then declined by 2 bps to 35.42% in 2023, then decreased by 23 bps to 27.23% in 2024, then sank by 84 bps to 4.4% in 2025, then grew by 28 bps to 5.63% in 2026.
- The last three Net Margin figures came in at 5.63% (Q1 2026), 4.4% (Q4 2025), and 18.35% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 25.46% |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 31.46% |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 37.91% |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 42.89% |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 16.46% |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 7.31% |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 36.98% |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 6.87% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 52.66% |
| 10 | Heritage Global | 39.30 Mn | 26.12 Mn | 9.46 Mn | -129.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -129.54% |
| Mar 31, 2026 | 5.63% |
| Dec 31, 2025 | 4.40% |
| Sep 30, 2025 | 18.35% |
| Jun 30, 2025 | 11.44% |
| Mar 31, 2025 | 7.91% |
| Dec 31, 2024 | 27.23% |
| Sep 30, 2024 | 10.46% |
| Jun 30, 2024 | 20.77% |
| Mar 31, 2024 | 14.79% |
| Dec 31, 2023 | 35.42% |
| Sep 30, 2023 | 12.71% |
| Jun 30, 2023 | 21.22% |
| Mar 31, 2023 | 17.03% |
| Dec 31, 2022 | 36.25% |
| Sep 30, 2022 | 18.17% |
| Jun 30, 2022 | 23.30% |
| Mar 31, 2022 | 6.89% |
| Dec 31, 2021 | 12.76% |
| Sep 30, 2021 | 7.91% |