Horizon Kinetics Holding (HKHC) Operating Margin (2010 - 2026)
Horizon Kinetics Holding (HKHC) reported Operating Margin of 9.75% for Q3 2026, down 6.73 percentage points from 16.48% a year earlier and down 5.83 percentage points from the prior quarter.
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Analysis
Horizon Kinetics Holding (HKHC) Operating Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Horizon Kinetics Holding's Operating Margin came in at 4.36%, up 12.58 percentage points year-over-year; for FY2025, it was 15.21%, up 42.20 percentage points from FY2024.
- Operating Margin has a five-year change of +23.62 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at -26.99% in FY2024 (-23.21 pp), -3.77% in FY2023 (+328.91 pp), -332.68% in FY2022 (-310.75 pp) and -21.94% in FY2021 (-13.53 pp).
- Five-year quarterly Operating Margin spans a low of -457.68% in Q2 2022 and a high of 19.36% in Q2 2025.
- Year over year, Operating Margin has now declined in each of the last three quarters, with an average year-over-year change of +5.80 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was Q2 2023 (a gain of 353.56 percentage points); the low point was Q2 2022 (a drop of 439.16 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 15.58% (Q2 2026), -23.68% (Q1 2026) and 16.21% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 189.07 Bn | 145.60 Bn | - | 30.03% |
| 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 | - | - |
| 5 | Kkr | 87.89 Bn | 54.59 Bn | 1.76 Bn | -42.84% |
| 6 | Brookfield Asset Management | 82.34 Bn | 77.22 Bn | - | - |
| 7 | Apollo Global Management | 72.94 Bn | 89.74 Bn | 4.14 Bn | -29.25% |
| 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 | -53.88% |
| 10 | Horizon Kinetics Holding | 361.53 Mn | 1.54 Bn | - | 9.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.75% |
| Jun 30, 2026 | 15.58% |
| Mar 31, 2026 | -23.68% |
| Dec 31, 2025 | 16.21% |
| Sep 30, 2025 | 16.48% |
| Jun 30, 2025 | 19.36% |
| 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% |
API Access
Horizon Kinetics Holding Operating 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=operating-margin&ticker=HKHC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=HKHC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();