Last 48 quarters of trend data · Industrials · Business & Facility Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -3.17 | 10.83 | — | 16.59 | 36.47 | 25.00 | 12.14 | 18.47 | — | 14.51 | 9.07 | 13.72 | 5.35 | 14.86 | 12.93 | 9.47 | 2.18 | 6.71 | 5.38 | 19.18 | 18.05 |
| — | -56.7% | — | -10.2% | — | +72.4% | +33.9% | +34.6% | — | -2.4% | -29.8% | +45.0% | +145.7% | +121.5% | +140.3% | -50.6% | -87.9% | -86.3% | -83.0% | -19.3% | +442.9% | |
| P/S Ratio | 0.84 | 0.78 | 0.86 | 0.93 | 0.93 | 1.29 | 1.38 | 1.46 | 1.58 | 1.52 | 1.90 | 2.04 | 1.72 | 1.90 | 2.62 | 1.62 | 1.58 | 1.19 | 1.26 | 1.33 | 2.31 |
| — | -39.3% | -37.7% | -36.1% | -41.4% | -15.3% | -27.5% | -28.5% | -7.8% | -19.9% | -27.5% | +26.2% | +8.8% | +59.9% | +108.4% | +21.7% | -31.8% | -61.0% | -72.2% | -64.7% | -7.3% | |
| P/B Ratio | 0.66 | 0.86 | 0.81 | 0.70 | 0.66 | 0.88 | 1.20 | 1.20 | 1.04 | 0.96 | 1.38 | 1.57 | 1.71 | 2.08 | 2.51 | 2.09 | 1.80 | 1.57 | 1.54 | 1.49 | 2.13 |
| — | -2.3% | -32.7% | -41.6% | -37.2% | -8.1% | -12.8% | -23.2% | -38.8% | -54.1% | -45.2% | -25.2% | -5.5% | +33.0% | +62.9% | +40.7% | -15.1% | -32.0% | -48.9% | -57.0% | -22.7% | |
| P/FCF | 24.89 | 4.37 | 11.57 | — | 11.31 | — | 11.46 | — | — | 5.33 | 3.79 | 14.91 | 61.17 | 4.98 | — | 2.90 | 5.75 | 10.72 | 5.75 | 4.03 | 11.61 |
| — | — | +1.0% | — | — | — | +202.4% | — | — | +6.9% | — | +413.9% | +964.0% | -53.6% | — | -27.9% | -50.5% | — | -62.5% | — | +257.7% | |
| EV / EBITDA | 22.66 | 6.61 | — | 12.11 | 6.30 | 7.04 | 6.06 | 10.90 | 5.35 | 6.08 | 4.65 | 8.56 | 5.42 | 9.82 | 10.26 | 6.19 | 6.22 | 3.25 | 3.00 | 10.01 | 10.20 |
| — | -6.1% | — | +11.1% | +17.7% | +15.8% | +30.3% | +27.4% | -1.3% | -38.1% | -54.7% | +38.2% | -12.8% | +201.6% | +242.6% | -38.1% | -39.0% | -87.1% | -97.4% | -50.5% | +132.5% | |
| EV / EBIT | 5.12 | — | — | 20.57 | 8.43 | 9.26 | 7.57 | 12.20 | 2.99 | 7.19 | 10.32 | 13.04 | 5.59 | 10.26 | 10.66 | 6.38 | 6.49 | 3.38 | 3.11 | 11.53 | 12.18 |
| — | — | — | +68.6% | +182.2% | +28.8% | -26.7% | -6.4% | -46.6% | -29.9% | -3.2% | +104.3% | -13.8% | +203.4% | +243.3% | -44.7% | -46.7% | -88.8% | -98.9% | -47.5% | +170.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.1% | 83.8% | 68.4% | 91.6% | -6.8% | 39.0% | 28.4% | 25.1% | -4.7% | 43.2% | 30.8% | 31.4% | 8.7% | 41.7% | 36.2% | 32.6% | 40.4% | 36.7% | 8.2% | 34.0% | 41.6% |
| — | +115.1% | +140.4% | +264.7% | -45.0% | -9.8% | -7.7% | -20.0% | -154.1% | +3.6% | -14.7% | -3.5% | -78.5% | +13.6% | +341.1% | -4.2% | -2.7% | -16.6% | -80.6% | -21.5% | +957.0% | |
| Operating Margin | 11.0% | 7.2% | -20.5% | 4.0% | 7.3% | 11.5% | 15.6% | 10.4% | 13.8% | 14.2% | 29.7% | 21.2% | 30.0% | 17.9% | 23.9% | 23.5% | 22.8% | 27.5% | 32.9% | 9.4% | 18.2% |
| — | -37.5% | -231.2% | -62.0% | -47.2% | -19.4% | -47.5% | -50.8% | -54.0% | -20.5% | +24.7% | -10.0% | +31.7% | -35.0% | -27.4% | +150.7% | +25.4% | +208.6% | +2230.0% | -36.3% | -55.0% | |
| Net Margin | 7.0% | 7.1% | -130.2% | 5.6% | 2.5% | 5.1% | 11.4% | 7.9% | -1.9% | 10.5% | 21.0% | 14.9% | 32.2% | 12.8% | 21.4% | 17.1% | 72.2% | 18.2% | 23.4% | 6.9% | 12.8% |
| — | +38.0% | -1237.9% | -28.8% | +234.7% | -50.8% | -45.4% | -47.0% | -105.9% | -18.0% | -2.0% | -12.8% | -55.4% | -29.9% | -8.5% | +147.1% | +463.6% | +129.8% | +106.1% | -52.4% | -83.3% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.4% | 2.0% | -26.6% | 1.1% | 0.5% | 0.9% | 2.5% | 1.6% | -0.3% | 1.7% | 3.9% | 2.9% | 8.3% | 3.6% | 5.3% | 5.7% | 23.0% | 6.2% | 7.4% | 2.0% | 3.0% |
| — | +123.1% | -1163.4% | -34.7% | +245.9% | -46.4% | -35.6% | -43.8% | -103.7% | -53.8% | -26.4% | -49.0% | -63.9% | -42.3% | -29.1% | +190.9% | +670.4% | +308.9% | +292.1% | -42.4% | -89.1% | |
| ROA | 4.2% | 1.4% | -20.5% | 0.8% | 0.3% | 0.7% | 1.9% | 1.3% | -0.2% | 1.2% | 2.9% | 2.1% | 5.8% | 2.4% | 3.6% | 4.0% | 16.3% | 4.2% | 4.9% | 1.3% | 2.0% |
| — | +109.3% | -1189.3% | -34.7% | +243.9% | -44.9% | -34.7% | -40.5% | -104.2% | -49.3% | -19.6% | -46.2% | -64.6% | -43.2% | -26.8% | +214.4% | +711.8% | +294.2% | +240.2% | -49.1% | -88.7% | |
| ROIC | 6.0% | 1.4% | -2.9% | 0.5% | 0.9% | 1.4% | 2.3% | 1.5% | 1.6% | 1.5% | 3.6% | 2.7% | 4.9% | 3.1% | 3.7% | 5.1% | 4.8% | 6.2% | 6.7% | 1.7% | 2.7% |
| — | +2.1% | -223.3% | -65.5% | -45.0% | -12.4% | -35.7% | -43.8% | -66.8% | -50.3% | -3.1% | -47.4% | +2.0% | -49.7% | -44.5% | +204.4% | +78.0% | +443.9% | +3941.3% | -33.1% | -73.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.09 | 0.06 | 0.10 | 0.08 | 0.09 | 0.09 | 0.09 | 0.10 | 0.04 | 0.05 | 0.13 | 0.15 | 0.16 | 0.21 | 0.20 | 0.16 | 0.15 | 0.12 | 0.16 | 0.18 | 0.20 |
| — | -35.1% | +9.0% | -18.0% | +105.3% | +95.0% | -28.5% | -32.5% | -74.3% | -78.7% | -34.9% | -5.5% | +9.2% | +80.4% | +30.4% | -10.9% | -26.6% | -23.2% | +62.0% | +526.1% | +501.9% | |
| Debt / EBITDA | 0.85 | 2.45 | — | 6.45 | 4.94 | 3.70 | 2.31 | 4.28 | 1.18 | 1.84 | 2.17 | 3.44 | 2.10 | 4.15 | 3.42 | 1.99 | 2.18 | 1.26 | 1.49 | 5.80 | 4.31 |
| — | -33.9% | — | +50.7% | +317.9% | +100.5% | +6.5% | +24.4% | -43.8% | -55.6% | -36.7% | +72.9% | -3.4% | +230.7% | +129.4% | -65.7% | -49.4% | -83.5% | -91.4% | +662.1% | +1368.1% | |
| Current Ratio | 2.16 | 1.42 | 1.69 | 1.95 | 2.16 | 2.29 | 2.05 | 2.00 | 2.27 | 1.78 | 1.99 | 2.07 | 1.78 | 1.69 | 1.91 | 1.40 | 1.47 | 1.97 | 1.73 | 1.57 | 1.64 |
| — | -38.0% | -17.3% | -2.5% | -4.7% | +28.4% | +2.8% | -3.7% | +27.2% | +5.7% | +4.6% | +48.1% | +21.2% | -14.2% | +10.4% | -10.8% | -10.0% | -1.4% | -26.6% | -43.2% | -15.0% | |
| Quick Ratio | 2.16 | 1.42 | 1.69 | 1.95 | 2.16 | 2.29 | 2.05 | 2.00 | 2.27 | 1.78 | 1.99 | 2.07 | 1.78 | 1.69 | 1.91 | 1.40 | 1.47 | 1.97 | 1.73 | 1.57 | 1.64 |
| — | -38.0% | -17.3% | -2.5% | -4.7% | +28.4% | +2.8% | -3.7% | +27.2% | +5.7% | +4.6% | +48.1% | +21.2% | -14.2% | +10.4% | -10.8% | -10.0% | -1.4% | -26.6% | -43.2% | -15.0% | |
| Interest Coverage | — | 12.58 | -321.71 | 25.25 | — | — | — | — | — | — | 16.75 | 19.25 | 46.01 | 49.59 | 30.70 | 57.26 | 185.12 | 165.43 | 97.95 | 23.03 | 45.68 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying HGBL stock.
Heritage Global Inc.'s current P/E is -3.2x. The average P/E over the last 3 quarters is 21.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Heritage Global Inc.'s current operating margin is 11.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Heritage Global Inc.'s business trajectory between earnings reports.