Horizon Kinetics Holding (HKHC) Operating Margin (2010 - 2026)
Horizon Kinetics Holding (HKHC) recorded quarterly Operating Margin of 23.68% in Q1 2026, down 246.07% quarter-over-quarter from 16.21% in Q4 2025, and down 3272.0% on a YoY basis from 0.75% in Q1 2025.
Horizon Kinetics Holding (HKHC) Operating Margin (2010 - 2026) Analysis & Trends
Horizon Kinetics Holding's Operating Margin history runs 17 years deep, the most recent figure standing at 23.68% for Q1 2026.
- In Q1 2026, Operating Margin fell 3272.0% year-over-year to 23.68%; the TTM figure through Mar 2026 stood at 5.32% (up 2845.0% YoY), while the FY2025 annual figure was 15.21%, up 4220.0% from the prior year.
- Operating Margin was 23.68% for Q1 2026 at Horizon Kinetics Holding, down from 16.21% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 856.39% in Q4 2022 to a low of 457.68% in Q2 2022.
- Historically, Operating Margin has averaged 2.6% across 5 years, with a median of 7.06% in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Margin surged 93342 bps in 2022, then tumbled 87147 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 856.39% in 2022, then slumped by 102 bps to 15.08% in 2023, then sank by 424 bps to 79.04% in 2024, then surged by 121 bps to 16.21% in 2025, then slumped by 246 bps to 23.68% in 2026.
- The last three Operating Margin figures came in at 23.68% (Q1 2026), 16.21% (Q4 2025), and 16.48% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 42.01% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | - |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 46.06% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 1.56% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | - |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.44% |
| 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 | -23.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -23.68% |
| Dec 31, 2025 | 16.21% |
| Sep 30, 2025 | 16.48% |
| Jun 30, 2025 | 12.68% |
| Mar 31, 2025 | 9.04% |
| Dec 31, 2024 | -79.04% |
| Sep 30, 2024 | -7.06% |
| Jun 30, 2024 | -5.81% |
| Mar 31, 2024 | -0.59% |
| Dec 31, 2023 | -15.08% |
| Sep 30, 2023 | 2.54% |
| Jun 30, 2023 | -104.12% |
| Mar 31, 2023 | -95.89% |
| Dec 31, 2022 | 856.39% |
| Sep 30, 2022 | -147.07% |
| Jun 30, 2022 | -457.68% |
| Mar 31, 2022 | -21.48% |
| Dec 31, 2021 | -77.03% |
| Sep 30, 2021 | -11.67% |
| Jun 30, 2021 | -18.52% |