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| 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% |