Heritage Global annual operating margin
2010
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2025
Heritage Global Operating Margin Growth & History (HGBL)
Heritage Global's operating margin was 11.20% for fiscal 2025.
View full Heritage Global company overviewHeritage Global annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 11.20% | −8.78 pp |
| 2024 | 2024-12-31 | 19.99% | −3.66 pp |
| 2023 | 2023-12-31 | 23.65% | −0.05 pp |
| 2022 | 2022-12-31 | 23.70% | +12.02 pp |
| 2021 | 2021-12-31 | 11.69% | −11.46 pp |
| 2020 | 2020-12-31 | 23.14% | +11.49 pp |
| 2019 | 2019-12-31 | 11.66% | −5.58 pp |
| 2018 | 2018-12-31 | 17.23% | +15.42 pp |
| 2017 | 2017-12-31 | 1.81% | +1.01 pp |
| 2016 | 2016-12-31 | 0.80% | +60.20 pp |
| 2015 | 2015-12-31 | −59.40% | −49.89 pp |
| 2014 | 2014-12-31 | −9.51% | +23.52 pp |
| 2013 | 2013-12-31 | −33.03% | −15.67 pp |
| 2012 | 2012-12-31 | −17.36% | −43.95 pp |
| 2011 | 2011-12-31 | 26.59% | −139.67 pp |
| 2010 | 2010-12-31 | 166.26% | — |
Heritage Global quarterly operating margin
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −170.49% | −186.10 pp |
| Q1 2026 | 2026-03-31 | 7.92% | −2.50 pp |
| Q4 2025 | 2025-12-31 | 6.54% | −7.25 pp |
| Q3 2025 | 2025-09-30 | 11.45% | −2.76 pp |
| Q2 2025 | 2025-06-30 | 15.60% | −13.87 pp |
| Q1 2025 | 2025-03-31 | 10.42% | −10.61 pp |
| Q4 2024 | 2024-12-31 | 13.79% | −16.01 pp |
| Q3 2024 | 2024-09-30 | 14.21% | −3.60 pp |
| Q2 2024 | 2024-06-30 | 29.48% | +5.80 pp |
| Q1 2024 | 2024-03-31 | 21.03% | −2.41 pp |
| Q4 2023 | 2023-12-31 | 29.80% | +7.05 pp |
| Q3 2023 | 2023-09-30 | 17.81% | −9.63 pp |
| Q2 2023 | 2023-06-30 | 23.68% | −9.08 pp |
| Q1 2023 | 2023-03-31 | 23.44% | +14.09 pp |
| Q4 2022 | 2022-12-31 | 22.75% | +4.65 pp |
| Q3 2022 | 2022-09-30 | 27.44% | +18.54 pp |
| Q2 2022 | 2022-06-30 | 32.75% | +31.34 pp |
| Q1 2022 | 2022-03-31 | 9.35% | −5.38 pp |
| Q4 2021 | 2021-12-31 | 18.10% | −22.22 pp |
| Q3 2021 | 2021-09-30 | 8.90% | −12.41 pp |
| Q2 2021 | 2021-06-30 | 1.41% | −15.33 pp |
| Q1 2021 | 2021-03-31 | 14.73% | +12.52 pp |
| Q4 2020 | 2020-12-31 | 40.32% | +48.33 pp |
| Q3 2020 | 2020-09-30 | 21.31% | +2.17 pp |
| Q2 2020 | 2020-06-30 | 16.74% | −4.41 pp |
| Q1 2020 | 2020-03-31 | 2.21% | −7.84 pp |
| Q4 2019 | 2019-12-31 | −8.01% | −18.62 pp |
| Q3 2019 | 2019-09-30 | 19.13% | +11.02 pp |
| Q2 2019 | 2019-06-30 | 21.15% | −2.77 pp |
| Q1 2019 | 2019-03-31 | 10.06% | −14.11 pp |
| Q4 2018 | 2018-12-31 | 10.62% | +17.30 pp |
| Q3 2018 | 2018-09-30 | 8.11% | +1.44 pp |
| Q2 2018 | 2018-06-30 | 23.91% | +23.35 pp |
| Q1 2018 | 2018-03-31 | 24.17% | +16.34 pp |
| Q4 2017 | 2017-12-31 | −6.69% | −17.49 pp |
| Q3 2017 | 2017-09-30 | 6.67% | +11.36 pp |
| Q2 2017 | 2017-06-30 | 0.56% | +6.47 pp |
| Q1 2017 | 2017-03-31 | 7.83% | +4.29 pp |
| Q4 2016 | 2016-12-31 | 10.80% | +116.64 pp |
| Q3 2016 | 2016-09-30 | −4.68% | +87.58 pp |
| Q2 2016 | 2016-06-30 | −5.91% | +13.05 pp |
| Q1 2016 | 2016-03-31 | 3.54% | +12.79 pp |
| Q4 2015 | 2015-12-31 | −105.84% | −100.18 pp |
| Q3 2015 | 2015-09-30 | −92.26% | −89.97 pp |
| Q2 2015 | 2015-06-30 | −18.96% | −2.27 pp |
| Q1 2015 | 2015-03-31 | −9.24% | +29.90 pp |
| Q4 2014 | 2014-12-31 | −5.66% | +41.10 pp |
| Q3 2014 | 2014-09-30 | −2.29% | −10.39 pp |
| Q2 2014 | 2014-06-30 | −16.68% | +40.61 pp |
| Q1 2014 | 2014-03-31 | −39.14% | +17.70 pp |
| Q4 2013 | 2013-12-31 | −46.75% | −14.72 pp |
| Q3 2013 | 2013-09-30 | 8.10% | +59.71 pp |
| Q2 2013 | 2013-06-30 | −57.30% | −48.74 pp |
| Q1 2013 | 2013-03-31 | −56.85% | −83.18 pp |
| Q4 2012 | 2012-12-31 | −32.04% | −27.68 pp |
| Q3 2012 | 2012-09-30 | −51.61% | −75.62 pp |
| Q2 2012 | 2012-06-30 | −8.56% | −47.09 pp |
| Q1 2012 | 2012-03-31 | 26.33% | +72.66 pp |
| Q4 2011 | 2011-12-31 | −4.35% | −242.59 pp |
| Q3 2011 | 2011-09-30 | 24.01% | −426.40 pp |
| Q2 2011 | 2011-06-30 | 38.53% | — |
| Q1 2011 | 2011-03-31 | −46.32% | — |
| Q3 2010 | 2010-09-30 | 238.24% | — |
| Q2 2010 | 2010-06-30 | 450.41% | — |
Heritage Global operating margin trends
Over the last five reported fiscal years, Heritage Global's operating margin decreased from 23.14% to 11.20%, a change of −11.94 percentage points. The latest reported quarter, Q2 2026, shows −170.49%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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.
Review Heritage Global filings at SEC.gov ↗