Growth Metrics

Heritage Global (HGBL) Net Margin (2016 - 2026)

Heritage Global filings provide 15 years of Net Margin readings, the most recent being 2.54% for Q4 2025.

  • On a quarterly basis, Net Margin rose 442.0% to 2.54% in Q4 2025 year-over-year; TTM through Dec 2025 was 9.98%, a 145.0% decrease, with the full-year FY2025 number at 7.04%, down 439.0% from a year prior.
  • Net Margin hit 2.54% in Q4 2025 for Heritage Global, down from 18.35% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 23.3% in Q2 2022 to a low of 1.89% in Q4 2024.
  • Median Net Margin over the past 5 years was 13.62% (2021), compared with a mean of 13.34%.
  • Biggest five-year swings in Net Margin: soared 1934bps in 2022 and later crashed -2460bps in 2024.
  • Heritage Global's Net Margin stood at 3.6% in 2021, then soared by 537bps to 22.94% in 2022, then fell by -1bps to 22.71% in 2023, then crashed by -108bps to 1.89% in 2024, then soared by 235bps to 2.54% in 2025.
  • The last three reported values for Net Margin were 2.54% (Q4 2025), 18.35% (Q3 2025), and 11.44% (Q2 2025) per Business Quant data.