Heritage Global (HGBL) Return on Invested Capital [ROIC] (2011 - 2026)
Heritage Global (HGBL) posted Return on Invested Capital [ROIC] of -19.97% for Q2 2026, down 24.96 percentage points from 5.00% a year earlier and down 26.53 percentage points from the prior quarter.
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Analysis
Heritage Global (HGBL) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Heritage Global's Return on Invested Capital [ROIC] came in at 5.13%, down 2.69 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has declined for three consecutive years, with a three-year change of -19.85 percentage points (FY2022 to FY2025).
- In prior years, Heritage Global's Return on Invested Capital [ROIC] was 7.82% in FY2024 (-13.30 pp), 21.12% in FY2023 (-3.86 pp) and 24.97% in FY2022.
- The Q2 2026 figure stands as the lowest quarterly Return on Invested Capital [ROIC] since Q3 2016.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in 1 of the last eight quarters, with an average year-over-year change of -9.06 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q1 2023, with a gain of 18.46 percentage points; the weakest was Q2 2026, with a drop of 24.96 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 6.56% (Q1 2026), 7.02% (Q4 2025) and 6.33% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 68.20 Bn | 67.32 Bn | 2.05 Bn | 14.00% |
| 2 | W.W. Grainger | 63.59 Bn | 61.57 Bn | 1.98 Bn | 29.62% |
| 3 | Fastenal | 59.55 Bn | 58.55 Bn | 1.10 Bn | 33.58% |
| 4 | Ferguson Enterprises | 44.05 Bn | 41.26 Bn | 2.32 Bn | 21.66% |
| 5 | Sunbelt Rentals Holdings | 32.18 Bn | 32.06 Bn | 1.25 Bn | 11.76% |
| 6 | Reliance | 21.22 Bn | 20.27 Bn | 1.30 Bn | 10.47% |
| 7 | Wesco International | 15.49 Bn | 12.80 Bn | 1.46 Bn | 9.33% |
| 8 | Avantor | 11.69 Bn | 10.49 Bn | 537.00 Mn | -3.21% |
| 9 | Applied Industrial Technologies | 11.67 Bn | 11.54 Bn | 411.22 Mn | 19.24% |
| 10 | Heritage Global | 43.30 Mn | -21.40 Mn | 8.34 Mn | -19.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -19.97% |
| Mar 31, 2026 | 6.56% |
| Dec 31, 2025 | 7.02% |
| Sep 30, 2025 | 6.33% |
| Jun 30, 2025 | 5.00% |
| Mar 31, 2025 | 6.52% |
| Dec 31, 2024 | 7.92% |
| Sep 30, 2024 | 15.15% |
| Jun 30, 2024 | 16.15% |
| Mar 31, 2024 | 17.03% |
| Dec 31, 2023 | 19.06% |
| Sep 30, 2023 | 20.18% |
| Jun 30, 2023 | 22.92% |
| Mar 31, 2023 | 25.92% |
| Dec 31, 2022 | 24.08% |
| Sep 30, 2022 | 16.66% |
| Jun 30, 2022 | 12.53% |
| Mar 31, 2022 | 7.46% |
| Dec 31, 2021 | 8.60% |
| Sep 30, 2020 | 15.00% |
API Access
Heritage Global Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=HGBL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=HGBL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();