Heritage Global Inc.(HGBL)Earnings, Financials & Key Ratios

HGBL•NASDAQ

$1.23

12.3× P/E·Price updated Jul 7, 2026

SectorFinancial Services IndustryCapital Markets Sub-IndustryAlternative Asset Managers and Specialty Finance

AboutHeritage Global, Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company provides market making, acquisitions, dispositions, valuations, and secured lending services. It focuses on identifying, valuing, acquiring, and monetizing underlying tangible and intangible assets. Heritage Global Inc. acts as an adviser, as well as a principal, acquiring, or brokering manufacturing facilities; surplus industrial machinery and equipment; industrial inventories; accounts receivable portfolios; intellectual property; and business enterprises. The company was formerly known as Counsel RB Capital Inc. and changed its name to Heritage Global, Inc. in August 2013. Heritage Global, Inc. was incorporated in 1983 and is headquartered in San Diego, California.Show more

EBITDA$7M-34.5%
Net Income$4M-30.8%
EPS (Diluted)0.10-28.6%
Gross Margin27.08%-13.6%
EBITDA Margin13.24%-41.8%
Operating Margin10.96%-45.2%
Net Margin7.04%-38.4%
ROE5.43%-33.9%

HGBL Price & Volume

Heritage Global Inc. (HGBL) stock price & volume — 10-year historical chart

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Volatile Liquidation Revenue Masks Structural Margin Variability

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Mixed

Profitability:Moderate

Financial:Healthy

Cash Flow:Mixed

Primary Risk:Principal inventory acquisition volatility

Key Thesis Takeaways

Heritage Global Inc.
exhibits a complex financial profile characterized by lumpy, project-based revenue and significant margin volatility stemming from its reliance on principal-heavy inventory acquisitions.
While the company has successfully deleveraged its balance sheet to a 0.02 debt-to-equity ratio, investors must weigh this stability against the persistent risk of inventory impairment and inconsistent cash flow conversion.
Future performance remains contingent on management's ability to scale operational infrastructure, evidenced by the recent expansion of net PPE to $13.4 million, while navigating the inherent cyclicality of the capital markets sector.

Verdict Logic

while the firm has aggressively reduced its debt-to-equity ratio to 0.02, the inconsistent OCF/NI ratio of -3.03 in 2026Q1 suggests that reported earnings are not yet reliably supported by cash generation.

HGBL Growth Metrics

Heritage Global Inc. (HGBL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.33%

5 Years14.25%

3 Years2.81%

TTM-

Profit CAGR

10 Years-

5 Years-17.97%

3 Years-38.6%

TTM-27.14%

EPS CAGR

10 Years-

5 Years-19.73%

3 Years-38.02%

TTM-24.61%

Return on Capital

10 Years19.62%

5 Years15.95%

3 Years15.11%

Last Year8%

Peers Comparison

Key metrics vs top competitors for Heritage Global Inc. (HGBL)

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Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
HGBLHeritage Global Inc.Current	$1.23	$42.73M	12.30	12.38%	7.04%	5.43%	—
CPSSConsumer Portfolio Services, Inc.	$9.00	$195.29M	11.25	8.76%	4.58%	6.54%	—
RILYBRC Group Holdings, Inc.	$7.46	$276.99M	0.76	-11.45%	35.63%	—	—
ASSTStrive, Inc.	$12.70	$782.7M	-1.30	57.1%	-11945.22%	-135.28%	—
COHUCohu, Inc.	$50.97	$2.39B	-32.06	12.74%	-11.54%	-6.84%	—
GBXThe Greenbrier Companies, Inc.	$45.78	$1.42B	7.21	-8.66%	3.89%	5.93%	—