Heritage Global (HGBL) Net Margin (2010 - 2026)
Heritage Global (HGBL) reported Net Margin of 5.63% for Q1 2026, down 227.0% on a YoY basis from 4.44% in Q1 2025, and up 708.82% quarter-over-quarter from 0.93% in Q4 2025.
Heritage Global (HGBL) Net Margin (2010 - 2026) Analysis & Trends
Heritage Global has reported Net Margin for 16 years, with the latest figure at 5.63% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 227.0% year-over-year to 5.63%; the trailing twelve-month figure through Mar 2026 stood at 80.8% (up 7127.0% YoY), and the FY2025 full-year result was 54.35%, up 4292.0% from the prior year.
- Net Margin for Q1 2026 stood at 5.63%, up from 0.93% in the prior quarter.
- The five-year high for Net Margin was 72.08% in Q4 2022, with the low at 1.89% in Q4 2024.
- Historically, Net Margin has averaged 16.51% across 5 years, with a median of 14.79% in 2024.
- Annual changes were most pronounced in 2022 — Net Margin surged 5933 bps — and 2023, when it tumbled 4937 bps.
- Heritage Global's Net Margin stood at 72.08% in 2022, then sank by 68 bps to 22.71% in 2023, then tumbled by 108 bps to 1.89% in 2024, then surged by 51 bps to 0.93% in 2025, then soared by 709 bps to 5.63% in 2026.
- The last three Net Margin figures came in at 5.63% (Q1 2026), 0.93% (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 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 26.29% |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 31.36% |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 36.98% |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 32.80% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 16.00% |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 7.22% |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 37.74% |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 132.82% |
| 10 | Heritage Global | 45.32 Mn | 33.76 Mn | 11.67 Mn | 5.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.63% |
| Dec 31, 2025 | -0.93% |
| Sep 30, 2025 | 18.35% |
| Jun 30, 2025 | 11.44% |
| Mar 31, 2025 | 7.91% |
| Dec 31, 2024 | -1.89% |
| Sep 30, 2024 | 10.46% |
| Jun 30, 2024 | 20.77% |
| Mar 31, 2024 | 14.79% |
| Dec 31, 2023 | 22.71% |
| Sep 30, 2023 | 12.71% |
| Jun 30, 2023 | 21.22% |
| Mar 31, 2023 | 17.03% |
| Dec 31, 2022 | 72.08% |
| 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% |
| Jun 30, 2021 | 11.34% |