Hennessy Advisors (HNNAZ) Net Margin (2010 - 2026)
Hennessy Advisors (HNNAZ) reported Net Margin of 23.48% for Q1 2026, down 436.0% on a YoY basis from 6.99% in Q1 2025, and up 1.24% quarter-over-quarter from 23.2% in Q4 2025.
Hennessy Advisors (HNNAZ) Net Margin (2010 - 2026) Analysis & Trends
Hennessy Advisors has reported Net Margin for 17 years, with the latest figure at 23.48% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 436.0% year-over-year to 23.48%; the trailing twelve-month figure through Mar 2026 stood at 28.16% (down 230.0% YoY), and the FY2025 full-year result was 30.59%, up 311.0% from the prior year.
- Net Margin for Q1 2026 stood at 23.48%, up from 23.2% in the prior quarter.
- The five-year high for Net Margin was 39.21% in Q3 2025, with the low at 18.21% in Q4 2022.
- Historically, Net Margin has averaged 25.41% across 5 years, with a median of 23.2% in 2025.
- Annual changes were most pronounced in 2023 — Net Margin plunged 1600 bps — and 2024, when it surged 1707 bps.
- Hennessy Advisors' Net Margin stood at 18.21% in 2022, then climbed by 7 bps to 19.53% in 2023, then jumped by 49 bps to 29.19% in 2024, then declined by 21 bps to 23.2% in 2025, then grew by 1 bps to 23.48% in 2026.
- The last three Net Margin figures came in at 23.48% (Q1 2026), 23.2% (Q4 2025), and 39.21% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 34.73% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 34.77% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 8.45% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | -38.15% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 37.97% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 12.72% |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 8.40% |
| 10 | Hennessy Advisors | - | - | - | 23.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.48% |
| Dec 31, 2025 | 23.20% |
| Sep 30, 2025 | 39.21% |
| Jun 30, 2025 | 26.33% |
| Mar 31, 2025 | 27.85% |
| Dec 31, 2024 | 29.19% |
| Sep 30, 2024 | 38.49% |
| Jun 30, 2024 | 26.07% |
| Mar 31, 2024 | 22.19% |
| Dec 31, 2023 | 19.53% |
| Sep 30, 2023 | 21.43% |
| Jun 30, 2023 | 19.58% |
| Mar 31, 2023 | 20.20% |
| Dec 31, 2022 | 18.21% |
| Sep 30, 2022 | 37.43% |
| Jun 30, 2022 | 18.83% |
| Mar 31, 2022 | 20.68% |
| Dec 31, 2021 | 22.42% |
| Sep 30, 2021 | 23.49% |
| Jun 30, 2021 | 26.32% |