Heritage Global Gross Margin Growth & History (HGBL)
Heritage Global's gross margin was 27.42% for fiscal 2025.
View full Heritage Global company overviewHeritage Global annual gross margin history
2013
2014
2015
2016
2017
2022
2023
2024
2025
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 27.42% | −3.91 pp |
| 2024 | 2024-12-31 | 31.33% | −4.00 pp |
| 2023 | 2023-12-31 | 35.34% | +13.18 pp |
| 2022 | 2022-12-31 | 22.15% | — |
| 2017 | 2017-12-31 | 91.52% | +21.45 pp |
| 2016 | 2016-12-31 | 70.08% | −10.35 pp |
| 2015 | 2015-12-31 | 80.43% | +3.60 pp |
| 2014 | 2014-12-31 | 76.83% | +7.26 pp |
| 2013 | 2013-12-31 | 69.57% | — |
Heritage Global quarterly gross margin
Q2.13
Q3.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 51.08% | +22.63 pp |
| Q1 2026 | 2026-03-31 | −285.07% | −310.18 pp |
| Q4 2025 | 2025-12-31 | −6.80% | — |
| Q3 2025 | 2025-09-30 | −5.63% | — |
| Q2 2025 | 2025-06-30 | 28.45% | — |
| Q1 2025 | 2025-03-31 | 25.11% | — |
| Q1 2018 | 2018-03-31 | 95.37% | +1.19 pp |
| Q4 2017 | 2017-12-31 | 97.04% | +25.18 pp |
| Q3 2017 | 2017-09-30 | 94.05% | +43.49 pp |
| Q2 2017 | 2017-06-30 | 79.80% | −15.56 pp |
| Q1 2017 | 2017-03-31 | 94.18% | +13.59 pp |
| Q4 2016 | 2016-12-31 | 71.86% | −4.64 pp |
| Q3 2016 | 2016-09-30 | 50.56% | −35.72 pp |
| Q2 2016 | 2016-06-30 | 95.35% | +11.82 pp |
| Q1 2016 | 2016-03-31 | 80.59% | +2.63 pp |
| Q4 2015 | 2015-12-31 | 76.50% | −21.17 pp |
| Q3 2015 | 2015-09-30 | 86.28% | +41.74 pp |
| Q2 2015 | 2015-06-30 | 83.53% | +3.77 pp |
| Q1 2015 | 2015-03-31 | 77.96% | +1.38 pp |
| Q4 2014 | 2014-12-31 | 97.67% | — |
| Q3 2014 | 2014-09-30 | 44.54% | −27.12 pp |
| Q2 2014 | 2014-06-30 | 79.76% | −8.54 pp |
| Q1 2014 | 2014-03-31 | 76.57% | — |
| Q3 2013 | 2013-09-30 | 71.65% | — |
| Q2 2013 | 2013-06-30 | 88.30% | — |
Heritage Global gross margin trends
Between the periods ended 2013-12-31 and 2025-12-31, Heritage Global's gross margin decreased from 69.57% to 27.42%, a change of −42.15 percentage points. The latest reported quarter, Q2 2026, shows 51.08%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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