Heritage Global (HGBL) Tax Rate (2010 - 2026)
Heritage Global's (HGBL) quarterly Tax Rate came in at 24.26% in Q2 2026, down 299.0% on a YoY basis from 12.19% in Q2 2025, and down 11.57% quarter-over-quarter from 27.43% in Q1 2026.
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Heritage Global (HGBL) Tax Rate (2010 - 2026) Analysis & Trends
Heritage Global (HGBL) has reported Tax Rate for 17 consecutive years, with 24.26% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 299.0% year-over-year to 24.26%; the trailing twelve-month figure through Jun 2026 stood at 18.68% (down 2841.0% YoY), and the FY2025 full-year result was 68.26%, up 2601.0% from the prior year.
- Tax Rate retreated to 24.26% in Q2 2026 per HGBL's latest filing, from 27.43% in the prior quarter.
- Across five years, Tax Rate topped out at 278.65% in Q4 2025 and bottomed at 218.53% in Q4 2022.
- Historically, Tax Rate has averaged 26.2% across 5 years, with a median of 27.1% in 2023.
- The widest YoY moves for Tax Rate: up 64398 bps in 2022, down 19814 bps in 2022.
- Over 5 years, Tax Rate stood at 218.53% in 2022, then soared by 110 bps to 22.11% in 2023, then jumped by 411 bps to 112.89% in 2024, then surged by 147 bps to 278.65% in 2025, then sank by 91 bps to 24.26% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 24.26%, 27.43%, and 278.65% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 59.65 Bn | 59.45 Bn | 1.98 Bn | 24.81% |
| 2 | Fastenal | 56.24 Bn | 56.03 Bn | 1.06 Bn | 23.76% |
| 3 | Ferguson Enterprises | 41.63 Bn | 40.81 Bn | 2.32 Bn | 26.07% |
| 4 | Reliance | 19.90 Bn | 19.67 Bn | 1.30 Bn | 24.71% |
| 5 | Wesco International | 16.76 Bn | 15.94 Bn | 1.46 Bn | 22.94% |
| 6 | Applied Industrial Technologies | 11.84 Bn | 11.72 Bn | 411.22 Mn | 24.84% |
| 7 | Watsco | 11.10 Bn | 11.11 Bn | 578.93 Mn | 20.91% |
| 8 | Avantor | 10.50 Bn | 10.19 Bn | 537.00 Mn | 53.08% |
| 9 | Core & Main | 7.86 Bn | 7.62 Bn | 573.00 Mn | 22.28% |
| 10 | Heritage Global | 46.42 Mn | 33.24 Mn | 9.46 Mn | 24.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.26% |
| Mar 31, 2026 | 27.43% |
| Dec 31, 2025 | 278.65% |
| Sep 30, 2025 | -56.18% |
| Jun 30, 2025 | 27.24% |
| Mar 31, 2025 | 27.07% |
| Dec 31, 2024 | 112.89% |
| Sep 30, 2024 | 27.21% |
| Jun 30, 2024 | 27.33% |
| Mar 31, 2024 | 27.05% |
| Dec 31, 2023 | 22.11% |
| Sep 30, 2023 | 27.13% |
| Jun 30, 2023 | 7.37% |
| Mar 31, 2023 | 26.06% |
| Dec 31, 2022 | -218.53% |
| Sep 30, 2022 | 33.39% |
| Jun 30, 2022 | 28.13% |
| Mar 31, 2022 | 22.94% |
| Dec 31, 2021 | -20.39% |
| Sep 30, 2021 | 10.06% |