Heritage Global (HGBL) Net Margin (2010 - 2026)

Heritage Global (HGBL) posted Net Margin of 5.63% for Q1 2026, up 708.82% quarter-over-quarter from 0.93% in Q4 2025, and down 227.0% year-on-year from 4.44% in Q1 2025.

Heritage Global (HGBL) Net Margin (2010 - 2026) Analysis & Trends

Heritage Global (HGBL) has reported Net Margin for 16 consecutive years, with 5.63% the latest figure, recorded in Q1 2026.

  • Net Margin for Q1 2026 came in at 5.63%, down 227.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 80.8% (up 7127.0% YoY), and the FY2025 annual result was 54.35%, up 4292.0% from the prior year.
  • Net Margin was 5.63% for Q1 2026 at Heritage Global, up from 0.93% in the prior quarter.
  • Over five years, Net Margin peaked at 72.08% in Q4 2022 and troughed at 1.89% in Q4 2024.
  • Average Net Margin over 5 years is 16.51%, with a median of 14.79% recorded in 2024.
  • Year-over-year, Net Margin jumped 5933 bps in 2022 and sank 4937 bps in 2023.
  • Over 5 years, Net Margin stood at 72.08% in 2022, then plunged by 68 bps to 22.71% in 2023, then slumped 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.
  • Per Business Quant data, the three most recent Net Margin figures were 5.63% in Q1 2026, 0.93% in Q4 2025, and 18.35% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 26.29%
2 Goldman Sachs 309.79 Bn -627.76 Bn - 31.36%
3 Schwab Charles 167.21 Bn 122.24 Bn - 36.98%
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 122.40%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 32.80%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 7.22%
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 37.74%
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 132.82%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -171.16%
10 Heritage Global 448,630.02 -11.12 Mn 11.67 Mn 5.63%

Historic Data

Download Data
DateValue
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%