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

Heritage Global (HGBL) has reported Operating Margin for 16 consecutive years, with 7.92% the latest figure, recorded in Q1 2026.

• Operating Margin for Q1 2026 came in at 7.92%, down 250.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 6.9% (down 1005.0% YoY), and the FY2025 annual result was 12.12%, down 787.0% from the prior year.
• Operating Margin was 7.92% for Q1 2026 at Heritage Global, down from 12.72% in the prior quarter.
• Over five years, Operating Margin peaked at 32.75% in Q2 2022 and troughed at 7.92% in Q1 2026.
• Average Operating Margin over 5 years is 19.04%, with a median of 17.81% recorded in 2023.
• Year-over-year, Operating Margin surged 3134 bps in 2022 and tumbled 1601 bps in 2024.
• Over 5 years, Operating Margin stood at 22.75% in 2022, then jumped by 31 bps to 29.8% in 2023, then slumped by 54 bps to 13.79% in 2024, then decreased by 8 bps to 12.72% in 2025, then sank by 38 bps to 7.92% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 7.92% in Q1 2026, 12.72% in Q4 2025, and 11.45% in Q3 2025.