Horizon Kinetics Holding (HKHC) Gross Margin (2010 - 2026)

Horizon Kinetics Holding (HKHC) recorded quarterly Gross Margin of 72.89% in Q1 2026, down 7.21% quarter-over-quarter from 78.55% in Q4 2025, and down 539.0% on a YoY basis from 16.6% in Q1 2025.

Horizon Kinetics Holding (HKHC) Gross Margin (2010 - 2026) Analysis & Trends

Horizon Kinetics Holding's Gross Margin history runs 17 years deep, the most recent figure standing at 72.89% for Q1 2026.

  • In Q1 2026, Gross Margin fell 539.0% year-over-year to 72.89%; the TTM figure through Mar 2026 stood at 76.94% (up 2456.0% YoY), while the FY2025 annual figure was 78.44%, up 1266.0% from the prior year.
  • Gross Margin was 72.89% for Q1 2026 at Horizon Kinetics Holding, down from 78.55% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 78.91% in Q3 2025 to a low of 2.95% in Q1 2024.
  • Historically, Gross Margin has averaged 46.45% across 5 years, with a median of 47.07% in 2022.
  • The sharpest annual moves came in 2023 and 2025: Gross Margin tumbled 5346 bps in 2023, then soared 7533 bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 47.07% in 2022, then tumbled by 92 bps to 3.67% in 2023, then jumped by 949 bps to 38.54% in 2024, then jumped by 104 bps to 78.55% in 2025, then fell by 7 bps to 72.89% in 2026.
  • The last three Gross Margin figures came in at 72.89% (Q1 2026), 78.55% (Q4 2025), and 78.91% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -
2 Blackstone 96.85 Bn 95.80 Bn - -
3 Kkr 86.45 Bn 133.96 Bn - -
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 99.70%
5 State Street 46.95 Bn 21.27 Bn - -
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 93.51%
7 Northern Trust 31.92 Bn 31.92 Bn - -
8 Raymond James Financial 30.62 Bn 19.37 Bn - -
9 Ares Management 29.04 Bn 32.41 Bn - -
10 Horizon Kinetics Holding - - 13.33 Mn 72.89%

Historic Data

Download Data
DateValue
Mar 31, 2026 72.89%
Dec 31, 2025 78.55%
Sep 30, 2025 78.91%
Jun 30, 2025 77.53%
Mar 31, 2025 78.28%
Dec 31, 2024 38.54%
Sep 30, 2024 77.24%
Jun 30, 2024 2.99%
Mar 31, 2024 2.95%
Dec 31, 2023 3.67%
Sep 30, 2023 3.02%
Jun 30, 2023 45.11%
Mar 31, 2023 42.84%
Dec 31, 2022 47.07%
Sep 30, 2022 56.48%
Jun 30, 2022 34.20%
Mar 31, 2022 49.42%
Dec 31, 2021 49.89%
Sep 30, 2021 36.01%
Jun 30, 2021 39.99%