Horizon Kinetics Holding (HKHC) FCF Margin (2010 - 2026)
Horizon Kinetics Holding (HKHC) recorded FCF Margin of 34.63% in Q3 2026, up 134.94 percentage points from -100.31% a year earlier and up 48.51 percentage points from the prior quarter.
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Analysis
Horizon Kinetics Holding (HKHC) FCF Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Horizon Kinetics Holding's FCF Margin came in at -9.50% as of Sep 30, 2026, up 13.81 percentage points year-over-year; for FY2025, it came in at -59.55%, down 80.68 percentage points from FY2024.
- Annual FCF Margin has a five-year change of -71.86 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 21.12% in FY2024 (-32.58 pp), 53.70% in FY2023 (+115.75 pp), -62.05% in FY2022 (-60.96 pp) and -1.08% in FY2021 (-13.39 pp).
- The Q3 2026 figure is the highest quarterly FCF Margin since Q4 2024.
- On a year-over-year basis, FCF Margin has increased for three consecutive quarters, with an average year-over-year change of +7.19 percentage points over the last eight quarters.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 419.76 percentage points in Q3 2023, against a drop of 317.48 percentage points in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at -13.88% (Q2 2026), -40.28% (Q1 2026) and -18.24% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 189.07 Bn | 145.60 Bn | - | 33.60% |
| 2 | Spdr Gold Trust | 125.11 Bn | -432.90 Bn | - | - |
| 3 | Brookfield | 101.47 Bn | -96.66 Bn | - | - |
| 4 | Blackstone | 91.35 Bn | 85.56 Bn | - | 62.59% |
| 5 | Kkr | 87.89 Bn | 54.59 Bn | 1.76 Bn | 46.12% |
| 6 | Brookfield Asset Management | 82.34 Bn | 77.22 Bn | - | 68.19% |
| 7 | Apollo Global Management | 72.94 Bn | 89.74 Bn | 4.14 Bn | 2.87% |
| 8 | Wheaton Precious Metals | 59.70 Bn | 59.70 Bn | 538.50 Mn | - |
| 9 | Ares Management | 48.49 Bn | 47.07 Bn | 376.28 Mn | -8.47% |
| 10 | Horizon Kinetics Holding | 361.53 Mn | 1.54 Bn | - | 34.63% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 34.63% |
| Jun 30, 2026 | -13.88% |
| Mar 31, 2026 | -40.28% |
| Dec 31, 2025 | -16.39% |
| Sep 30, 2025 | -100.31% |
| Jun 30, 2025 | -41.52% |
| Mar 31, 2025 | -76.12% |
| Dec 31, 2024 | 126.16% |
| Sep 30, 2024 | 32.11% |
| Jun 30, 2024 | -299.69% |
| Mar 31, 2024 | 155.92% |
| Dec 31, 2023 | 16.41% |
| Sep 30, 2023 | 193.98% |
| Jun 30, 2023 | 17.79% |
| Mar 31, 2023 | 88.73% |
| Dec 31, 2022 | -99.25% |
| Sep 30, 2022 | -225.78% |
| Jun 30, 2022 | 41.96% |
| Mar 31, 2022 | -0.11% |
| Dec 31, 2021 | 20.78% |
API Access
Horizon Kinetics Holding FCF Margin 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=fcf-margin&ticker=HKHC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "HKHC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=HKHC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();