Horizon Kinetics Holding (HKHC) Operating Margin (2010 - 2026)
Horizon Kinetics Holding's (HKHC) quarterly Operating Margin came in at 23.68% in Q1 2026, down 3272.0% year-on-year from 0.75% in Q1 2025, and down 246.07% quarter-over-quarter from 16.21% in Q4 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.
- On a quarterly basis, Operating Margin fell 3272.0% year-over-year to 23.68% in Q1 2026; TTM through Mar 2026 was 5.32%, a 2845.0% increase from a year earlier, with the FY2025 full-year figure at 15.21%, up 4220.0% from the prior year.
- Operating Margin fell to 23.68% in Q1 2026 per HKHC's latest filing, from 16.21% in the prior quarter.
- Across five years, Operating Margin topped out at 16.48% in Q3 2025 and bottomed at 457.68% in Q2 2022.
- The 5-year median for Operating Margin is 15.08% (2023), against an average of 71.46%.
- Across the five-year window, Operating Margin tumbled 43916 bps in 2022 and surged 35356 bps in 2023, its largest moves.
- Year by year, Operating Margin stood at 314.29% in 2022, then surged by 95 bps to 15.08% in 2023, then tumbled by 424 bps to 79.04% in 2024, then surged by 121 bps to 16.21% in 2025, then plunged by 246 bps to 23.68% in 2026.
- Per Business Quant, the three latest HKHC Operating Margin figures stand at 23.68% (Q1 2026), 16.21% (Q4 2025), and 16.48% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 175.98% |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 42.01% |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | - |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 24.88% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | - |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 18.44% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | - |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | - |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 36.65% |
| 10 | Horizon Kinetics Holding | 521.78 Mn | 1.90 Bn | - | -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 | -314.29% |
| 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% |