Hennessy Advisors (HNNA) Operating Margin (2010 - 2026)
Hennessy Advisors' Operating Margin was 34.72% in fiscal Q3 2026 (quarter ended Jun 30, 2026), down 0.65 percentage points from 35.37% a year earlier but up 2.63 percentage points from the prior quarter.
Hennessy Advisors (HNNA) Operating Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Hennessy Advisors' Operating Margin was 33.42% through Jun 30, 2026, down 3.07 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was 36.99%, up 7.08 percentage points from FY2024.
- Operating Margin shows a five-year change of +3.09 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Operating Margin was 29.91% in FY2024 (+3.54 pp), 26.37% in FY2023 (-6.80 pp), 33.16% in FY2022 (-0.04 pp) and 33.21% in FY2021 (-0.69 pp).
- Quarterly Operating Margin has moved between 23.19% (fiscal Q1 2024) and 39.45% (fiscal Q1 2025) over five years.
- Compared with a year earlier, Operating Margin has declined for three straight quarters, with an average year-over-year change of +2.69 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was fiscal Q1 2025 (a gain of 16.26 percentage points); the worst was fiscal Q3 2023 (a drop of 9.50 percentage points).
- Per Business Quant data, HNNA's Operating Margin in the three fiscal quarters before Q3 2026 was 32.09% (Q2 2026), 31.30% (Q1 2026) and 35.47% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.85 Bn | 122.98 Bn | - | 34.74% |
| 2 | Spdr Gold Trust | 137.25 Bn | -420.75 Bn | - | - |
| 3 | Blackstone | 87.90 Bn | 77.88 Bn | - | - |
| 4 | Brookfield | 84.63 Bn | -98.68 Bn | - | - |
| 5 | Kkr | 80.23 Bn | 372.42 Mn | - | - |
| 6 | Brookfield Asset Management | 73.84 Bn | 68.65 Bn | - | - |
| 7 | Apollo Global Management | 66.40 Bn | -16.39 Bn | 10.56 Bn | 16.30% |
| 8 | Wheaton Precious Metals | 60.04 Bn | 55.46 Bn | 687.86 Mn | - |
| 9 | Franco Nevada | 46.92 Bn | 44.28 Bn | 451.00 Mn | 76.73% |
| 10 | Hennessy Advisors | 80.51 Mn | -172.35 Mn | - | 34.72% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.72% |
| Mar 31, 2026 | 32.09% |
| Dec 31, 2025 | 31.30% |
| Sep 30, 2025 | 35.47% |
| Jun 30, 2025 | 35.37% |
| Mar 31, 2025 | 37.20% |
| Dec 31, 2024 | 39.45% |
| Sep 30, 2024 | 33.47% |
| Jun 30, 2024 | 33.21% |
| Mar 31, 2024 | 27.65% |
| Dec 31, 2023 | 23.19% |
| Sep 30, 2023 | 28.04% |
| Jun 30, 2023 | 24.24% |
| Mar 31, 2023 | 26.91% |
| Dec 31, 2022 | 26.12% |
| Sep 30, 2022 | 31.61% |
| Jun 30, 2022 | 33.74% |
| Mar 31, 2022 | 34.51% |
| Dec 31, 2021 | 32.66% |
| Sep 30, 2021 | 33.74% |
Hennessy Advisors 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=HNNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "HNNA", "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=HNNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();