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
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%