Heritage Global (HGBL) Return on Capital Employed [ROCE] (2014 - 2026)
Heritage Global (HGBL) recorded Return on Capital Employed [ROCE] of -27.81% in Q2 2026, down 37.04 percentage points from 9.23% a year earlier and down 34.94 percentage points from the prior quarter.
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Analysis
Heritage Global (HGBL) Return on Capital Employed [ROCE] (2014 - 2026) Analysis & Trends
For FY2025, Heritage Global reported Return on Capital Employed [ROCE] of 8.24%, down 5.17 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has declined for three straight years, with a five-year change of -23.24 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 13.40% in FY2024 (-10.21 pp), 23.62% in FY2023 (-2.37 pp), 25.99% in FY2022 (+16.93 pp) and 9.05% in FY2021 (-22.43 pp).
- The Q2 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] since Q3 2016.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined for 12 consecutive quarters, with an average year-over-year change of -10.46 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 20.35 percentage points in Q1 2023, against a drop of 37.04 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.13% (Q1 2026), 7.94% (Q4 2025) and 8.77% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 68.45 Bn | 67.57 Bn | 2.05 Bn | 16.52% |
| 2 | W.W. Grainger | 63.61 Bn | 61.20 Bn | 1.98 Bn | 37.06% |
| 3 | Fastenal | 59.55 Bn | 58.55 Bn | 1.10 Bn | 42.19% |
| 4 | Ferguson Enterprises | 44.15 Bn | 41.36 Bn | 2.32 Bn | 23.37% |
| 5 | Sunbelt Rentals Holdings | 32.30 Bn | 32.18 Bn | 1.25 Bn | 12.18% |
| 6 | Reliance | 21.32 Bn | 20.36 Bn | 1.30 Bn | 12.56% |
| 7 | Wesco International | 15.46 Bn | 12.78 Bn | 1.46 Bn | 10.99% |
| 8 | Watsco | 12.30 Bn | 9.98 Bn | 578.93 Mn | 18.08% |
| 9 | Applied Industrial Technologies | 11.84 Bn | 11.72 Bn | 411.22 Mn | 23.02% |
| 10 | Heritage Global | 43.28 Mn | -21.42 Mn | 8.34 Mn | -27.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -27.81% |
| Mar 31, 2026 | 7.13% |
| Dec 31, 2025 | 7.94% |
| Sep 30, 2025 | 8.77% |
| Jun 30, 2025 | 9.23% |
| Mar 31, 2025 | 11.43% |
| Dec 31, 2024 | 12.89% |
| Sep 30, 2024 | 17.71% |
| Jun 30, 2024 | 19.51% |
| Mar 31, 2024 | 18.68% |
| Dec 31, 2023 | 20.73% |
| Sep 30, 2023 | 20.80% |
| Jun 30, 2023 | 22.45% |
| Mar 31, 2023 | 28.27% |
| Dec 31, 2022 | 24.68% |
| Sep 30, 2022 | 22.89% |
| Jun 30, 2022 | 16.69% |
| Mar 31, 2022 | 7.92% |
| Dec 31, 2021 | 8.95% |
| Sep 30, 2021 | 14.59% |
API Access
Heritage Global Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=HGBL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=HGBL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();