Horizon Kinetics Holding (HKHC) Net Margin (2010 - 2026)
Horizon Kinetics Holding (HKHC) recorded Net Margin of -96.55% in Q2 2026, down 41.05 percentage points from -55.50% a year earlier and down 493.05 percentage points from the prior quarter.
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Analysis
Horizon Kinetics Holding (HKHC) Net Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Horizon Kinetics Holding's Net Margin came in at 64.93% as of Jun 30, 2026, down 7.22 percentage points year-over-year; for FY2025, it came in at 7.03%, down 158.67 percentage points from FY2024.
- Annual Net Margin has a five-year change of +12.38 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 165.70% in FY2024 (+175.20 pp), -9.50% in FY2023 (+287.51 pp), -297.01% in FY2022 (-259.72 pp) and -37.29% in FY2021 (-31.93 pp).
- The Q2 2026 figure is the lowest quarterly Net Margin since Q3 2024.
- On a year-over-year basis, Net Margin rose in three of the last eight quarters, with an average year-over-year change of -55.41 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 2670.35 percentage points in Q1 2024, against a drop of 2321.59 percentage points in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 396.50% (Q1 2026), -84.93% (Q4 2025) and 40.43% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 165.57 Bn | 111.92 Bn | - | 27.02% |
| 2 | Spdr Gold Trust | 134.78 Bn | -423.22 Bn | - | - |
| 3 | Blackstone | 85.82 Bn | 80.74 Bn | - | 24.37% |
| 4 | Kkr | 83.68 Bn | 50.16 Bn | - | 11.53% |
| 5 | Brookfield | 82.01 Bn | -83.38 Bn | 4.47 Bn | 0.00% |
| 6 | Brookfield Asset Management | 71.83 Bn | 68.08 Bn | - | 51.57% |
| 7 | Apollo Global Management | 68.53 Bn | 6.22 Bn | 10.56 Bn | 11.98% |
| 8 | Wheaton Precious Metals | 61.44 Bn | 56.87 Bn | 687.86 Mn | 58.46% |
| 9 | Franco Nevada | 47.81 Bn | 45.18 Bn | 451.00 Mn | 60.94% |
| 10 | Horizon Kinetics Holding | 433.26 Mn | 1.68 Bn | - | -96.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -96.55% |
| Mar 31, 2026 | 396.50% |
| Dec 31, 2025 | -84.93% |
| Sep 30, 2025 | 40.43% |
| Jun 30, 2025 | -55.50% |
| Mar 31, 2025 | 120.07% |
| Dec 31, 2024 | 415.28% |
| Sep 30, 2024 | -292.27% |
| Jun 30, 2024 | 122.69% |
| Mar 31, 2024 | 336.67% |
| Dec 31, 2023 | 22.99% |
| Sep 30, 2023 | 216.37% |
| Jun 30, 2023 | -1,473.38% |
| Mar 31, 2023 | -2,333.69% |
| Dec 31, 2022 | -499.70% |
| Sep 30, 2022 | -101.50% |
| Jun 30, 2022 | -386.88% |
| Mar 31, 2022 | -12.09% |
| Dec 31, 2021 | -141.05% |
| Sep 30, 2021 | -30.97% |
API Access
Horizon Kinetics Holding Net 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=net-margin&ticker=HKHC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=HKHC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();