Heritage Global (HGBL) Net Margin (2010 - 2026)
Heritage Global's Net Margin was -129.54% in Q2 2026, down 140.98 percentage points from 11.44% a year earlier and down 135.17 percentage points from the prior quarter.
Heritage Global (HGBL) Net Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Heritage Global's Net Margin was -29.63% through Jun 30, 2026, down 36.96 percentage points year-over-year; for FY2025, it came in at 7.04%, down 4.39 percentage points from FY2024.
- Net Margin has now declined for three consecutive years, with a five-year change of -29.85 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 11.42% in FY2024 (-9.18 pp), 20.60% in FY2023 (-12.42 pp), 33.02% in FY2022 (+21.19 pp) and 11.84% in FY2021 (-25.05 pp).
- The Q2 2026 figure marks the lowest quarterly Net Margin in data going back to Q2 2010.
- Compared with a year earlier, Net Margin was higher in 1 of the last eight quarters, with an average year-over-year change of -24.56 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q4 2022 (a gain of 59.33 percentage points); the worst was Q2 2026 (a drop of 140.98 percentage points).
- Per Business Quant data, HGBL's Net Margin in the three quarters before Q2 2026 was 5.63% (Q1 2026), 2.54% (Q4 2025) and 5.15% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 65.40 Bn | 64.16 Bn | 1.73 Bn | 17.07% |
| 2 | W.W. Grainger | 63.07 Bn | 60.67 Bn | 1.98 Bn | 11.35% |
| 3 | Fastenal | 59.20 Bn | 58.13 Bn | 1.06 Bn | 16.04% |
| 4 | Ferguson Enterprises | 44.13 Bn | 41.34 Bn | 2.32 Bn | 5.54% |
| 5 | Sunbelt Rentals Holdings | 31.58 Bn | 31.46 Bn | 1.25 Bn | 14.06% |
| 6 | Reliance | 21.32 Bn | 20.36 Bn | 1.30 Bn | 6.97% |
| 7 | Wesco International | 16.71 Bn | 14.03 Bn | 1.46 Bn | 3.14% |
| 8 | Applied Industrial Technologies | 12.36 Bn | 12.23 Bn | 411.22 Mn | 8.77% |
| 9 | Watsco | 11.52 Bn | 9.20 Bn | 578.93 Mn | 7.25% |
| 10 | Heritage Global | 44.32 Mn | -20.38 Mn | 8.34 Mn | -129.54% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -129.54% |
| Mar 31, 2026 | 5.63% |
| Dec 31, 2025 | 2.54% |
| Sep 30, 2025 | 5.15% |
| 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 | 31.99% |
| 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% |
Heritage Global Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=HGBL&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "HGBL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=HGBL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();