Heritage Global (HGBL) Tax Rate (2010 - 2026)
Heritage Global (HGBL) posted Tax Rate of 24.26% for Q2 2026, down 2.99 percentage points from 27.24% a year earlier and down 3.17 percentage points from the prior quarter.
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Analysis
Heritage Global (HGBL) Tax Rate (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at Heritage Global was 28.38%, down 18.71 percentage points year-over-year; for FY2025, it was 38.63%, down 3.62 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of +99.22 percentage points (FY2020 to FY2025).
- In prior years, Heritage Global's Tax Rate was 42.25% in FY2024 (+31.39 pp), 10.86% in FY2023 (+51.62 pp), -40.76% in FY2022 (-38.72 pp) and -2.04% in FY2021 (+58.55 pp).
- Quarterly Tax Rate has run from a low of -218.53% in Q4 2022 to a high of 112.89% in Q4 2024 over five years.
- On a year-over-year basis, Tax Rate increased in four of the last eight quarters, with an average year-over-year change of -1.73 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q2 2022, with a gain of 643.98 percentage points; the weakest was Q4 2022, with a drop of 246.57 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 27.43% (Q1 2026), 62.42% (Q4 2025) and -56.18% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 66.79 Bn | 65.55 Bn | 1.73 Bn | 25.22% |
| 2 | W.W. Grainger | 63.72 Bn | 61.32 Bn | 1.98 Bn | 24.81% |
| 3 | Fastenal | 60.28 Bn | 59.28 Bn | 1.10 Bn | 24.40% |
| 4 | Ferguson Enterprises | 44.38 Bn | 41.59 Bn | 2.32 Bn | 26.07% |
| 5 | Sunbelt Rentals Holdings | 32.28 Bn | 32.16 Bn | 1.25 Bn | 25.89% |
| 6 | Reliance | 21.45 Bn | 20.49 Bn | 1.30 Bn | 24.71% |
| 7 | Wesco International | 17.03 Bn | 14.34 Bn | 1.46 Bn | 22.94% |
| 8 | Applied Industrial Technologies | 12.67 Bn | 12.54 Bn | 411.22 Mn | 24.84% |
| 9 | Avantor | 11.71 Bn | 10.50 Bn | 537.00 Mn | 53.08% |
| 10 | Heritage Global | 44.32 Mn | -20.38 Mn | 8.34 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 27.43% |
| Dec 31, 2025 | 62.42% |
| 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% |
| Sep 30, 2023 | 27.13% |
| Jun 30, 2023 | 7.37% |
| Mar 31, 2023 | 26.06% |
| Sep 30, 2022 | 33.39% |
| Jun 30, 2022 | 28.13% |
| Mar 31, 2022 | 22.94% |
| Dec 31, 2021 | 28.04% |
| Sep 30, 2021 | 10.06% |
| Mar 31, 2021 | 1.62% |
| Sep 30, 2020 | 21.44% |
| Mar 31, 2020 | 43.28% |
| Sep 30, 2019 | 3.11% |
API Access
Heritage Global Tax Rate 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=tax-rate&ticker=HGBL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=HGBL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();