Heidrick & Struggles International, Inc. (HSII) Financial Ratios
27 years of historical data (1998–2024) · Industrials · Staffing & Employment Services
EV/EBITDA
↑
30.78
↑+322% vs avg
5yr avg: 7.29
30Y Low2.2·High19.9
P/FCF
↓
9.88
↓-23% vs avg
5yr avg: 12.90
30Y Low3.3·High86.4
P/B Ratio
↓
2.76
↑+44% vs avg
5yr avg: 1.91
30Y Low1.1·High3.5
ROE
↑
1.9%
↑-80% vs avg
5yr avg: 9.3%
30Y Low-130%·High48%
Debt/EBITDA
↑
3.82
↑+143% vs avg
5yr avg: 1.57
30Y Low0.0·High3.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HSII Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Heidrick & Struggles International, Inc. trades at 143.9x earnings, 315% above its 5-year average of 34.7x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 463%. On a free-cash-flow basis, the stock trades at 9.9x P/FCF, 23% below the 5-year average of 12.9x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $939M | $613M | $577M | $888M | $567M | $635M | $609M | $460M | $460M | $509M |
| Enterprise Value | $812M | $524M | $300M | $304M | $427M | $366M | $474M | $329M | $252M | $295M | $319M |
| P/E Ratio → | 143.93 | 108.07 | 11.27 | 7.25 | 12.22 | — | 13.54 | 12.38 | — | 29.81 | 29.59 |
| P/S Ratio | 1.10 | 0.84 | 0.59 | 0.53 | 0.88 | 0.90 | 0.88 | 0.83 | 0.72 | 0.77 | 0.93 |
| P/B Ratio | 2.76 | 2.07 | 1.33 | 1.40 | 2.64 | 2.12 | 2.06 | 2.28 | 2.16 | 1.78 | 2.00 |
| P/FCF | 9.88 | 7.56 | — | 5.33 | 3.35 | 35.37 | 8.44 | 6.28 | 8.69 | 23.61 | 12.38 |
| P/OCF | 8.16 | 6.24 | — | 4.83 | 3.27 | 24.28 | 8.08 | 5.92 | 6.87 | 18.52 | 8.85 |
P/E links to full P/E history page with 30-year chart
HSII EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Heidrick & Struggles International, Inc.'s enterprise value stands at 30.8x EBITDA, 322% above its 5-year average of 7.3x. The Industrials sector median is 13.8x, placing the stock at a 122% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.47 | 0.29 | 0.28 | 0.42 | 0.58 | 0.65 | 0.45 | 0.39 | 0.49 | 0.58 |
| EV / EBITDA | 30.78 | 19.86 | 3.20 | 2.47 | 3.63 | — | 6.42 | 4.05 | — | 5.71 | 6.68 |
| EV / EBIT | 107.87 | 7.09 | 3.64 | 2.71 | 4.19 | 7.36 | 7.01 | 4.78 | 6.33 | 8.37 | 9.36 |
| EV / FCF | — | 4.22 | — | 2.81 | 1.61 | 22.86 | 6.30 | 3.40 | 4.77 | 15.14 | 7.75 |
HSII Profitability
Margins and return-on-capital ratios measuring operating efficiency
Heidrick & Struggles International, Inc. earns an operating margin of 0.7%, below the Industrials sector average of 4.3%. Operating margins have compressed from 10.4% to 0.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 1.9% is modest, trailing the sector median of 8.2%. ROIC of 6.0% represents adequate returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.2% | 25.2% | 26.5% | 25.4% | 23.6% | 27.7% | 30.2% | 31.2% | 32.2% | 33.4% | 32.6% |
| Operating Margin | 0.7% | 0.7% | 7.2% | 10.4% | 9.7% | -5.6% | 8.8% | 9.4% | -4.1% | 5.9% | 6.2% |
| Net Profit Margin | 0.8% | 0.8% | 5.2% | 7.3% | 7.2% | -6.0% | 6.5% | 6.7% | -7.6% | 2.6% | 3.1% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.9% | 1.9% | 12.5% | 21.3% | 24.0% | -13.1% | 16.3% | 20.5% | -20.6% | 6.0% | 6.9% |
| ROA | 0.7% | 0.7% | 4.7% | 7.0% | 7.7% | -4.6% | 6.1% | 7.7% | -8.3% | 2.7% | 3.0% |
| ROIC | 6.0% | 6.0% | 39.3% | 1219.9% | — | -24.8% | 70.6% | — | -40.3% | 33.5% | 40.2% |
| ROCE | 1.1% | 1.1% | 11.7% | 19.4% | 18.9% | -7.3% | 14.4% | 19.6% | -7.8% | 10.0% | 9.6% |
HSII Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Heidrick & Struggles International, Inc. carries a Debt/EBITDA ratio of 3.8x, which is moderately leveraged (18% above the sector average of 3.2x). The company holds a net cash position — cash of $516M exceeds total debt of $101M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.22 | 0.22 | 0.20 | 0.25 | 0.43 | 0.36 | — | — | — | — |
| Debt / EBITDA | 3.82 | 3.82 | 1.06 | 0.67 | 0.72 | — | 1.49 | — | — | — | — |
| Net Debt / Equity | — | -0.92 | -0.68 | -0.66 | -1.37 | -0.75 | -0.52 | -1.05 | -0.98 | -0.64 | -0.75 |
| Net Debt / EBITDA | -15.72 | -15.72 | -3.33 | -2.22 | -3.91 | — | -2.18 | -3.44 | — | -3.19 | -3.99 |
| Debt / FCF | — | -3.34 | — | -2.52 | -1.74 | -12.52 | -2.14 | -2.89 | -3.92 | -8.47 | -4.63 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | 279.20 |
Net cash position: cash ($516M) exceeds total debt ($101M)
HSII Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.60x means Heidrick & Struggles International, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.40x to 1.60x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.60 | 1.60 | 1.58 | 1.40 | 1.39 | 1.49 | 1.43 | 1.41 | 1.29 | 1.35 | 1.35 |
| Quick Ratio | 1.60 | 1.60 | 1.58 | 1.40 | 1.39 | 1.49 | 1.43 | 1.34 | 1.21 | 1.25 | 1.23 |
| Cash Ratio | 1.17 | 1.17 | 1.09 | 1.06 | 1.02 | 1.06 | 0.96 | 0.88 | 0.78 | 0.75 | 0.83 |
| Asset Turnover | — | 0.93 | 0.91 | 0.92 | 0.91 | 0.80 | 0.86 | 1.05 | 1.09 | 1.03 | 0.96 |
| Inventory Turnover | 22.24 | — | — | — | — | — | — | 22.24 | 19.73 | 18.52 | 14.00 |
| Days Sales Outstanding | — | 54.79 | 57.92 | 54.48 | 61.78 | 62.50 | 66.11 | 58.84 | 58.53 | 59.55 | 53.83 |
HSII Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Heidrick & Struggles International, Inc. returns 1.3% to shareholders annually — split between a 1.0% dividend yield and 0.3% buyback yield. The payout ratio exceeds 100% at 148.1%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 0.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.0% | 1.4% | 2.0% | 2.2% | 1.3% | 2.0% | 1.8% | 1.7% | 2.2% | 2.2% | 2.0% |
| Payout Ratio | 148.1% | 148.1% | 23.0% | 15.7% | 16.1% | — | 24.5% | 20.7% | — | 64.6% | 58.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.7% | 0.9% | 8.9% | 13.8% | 8.2% | — | 7.4% | 8.1% | — | 3.4% | 3.4% |
| FCF Yield | 10.1% | 13.2% | — | 18.8% | 29.9% | 2.8% | 11.8% | 15.9% | 11.5% | 4.2% | 8.1% |
| Buyback Yield | 0.3% | 0.4% | 0.1% | 0.6% | 0.4% | 0.3% | 0.7% | 0.4% | 0.5% | 0.6% | 0.2% |
| Total Shareholder Yield | 1.3% | 1.8% | 2.2% | 2.7% | 1.7% | 2.3% | 2.5% | 2.0% | 2.7% | 2.7% | 2.1% |
| Shares Outstanding | — | $21M | $21M | $21M | $20M | $19M | $20M | $20M | $19M | $19M | $19M |
Peer Comparison
Compare HSII with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 HSIIYou | $1B | 143.9 | 30.8 | 9.9 | 25.2% | 0.7% | 1.9% | 6.0% | 3.8 |
 MWA | $4B | 21.4 | 13.7 | 23.8 | 36.1% | 18.2% | 21.4% | 19.7% | 1.5 |
 KFRC | $830M | 23.2 | 16.1 | 17.7 | 26.8% | 3.8% | 24.9% | 19.1% | 1.3 |
 RGP | $158M | -0.7 | — | 9.8 | 37.6% | -35.7% | -61.3% | -62.9% | — |
 KELYA | $394M | -1.6 | — | 3.5 | 20.1% | -1.6% | -23.0% | -4.0% | — |
 DHX | $164M | -12.7 | 64.9 | 11.9 | 84.7% | -8.9% | -12.9% | -5.9% | 14.5 |
 MAN | $2B | -115.7 | 9.5 | — | 16.7% | 1.3% | -0.6% | 5.6% | 7.4 |
 ADP | $88B | 21.9 | 15.9 | 18.4 | 50.8% | 26.3% | 76.0% | 47.1% | 1.5 |
 ASGN | $895M | 8.1 | 5.3 | 3.1 | 27.2% | 6.5% | 6.3% | 6.9% | 3.2 |
 CDW | $16B | 15.9 | 11.3 | 15.1 | 21.7% | 7.4% | 43.0% | 15.4% | 3.2 |
 KFY | $4B | 15.5 | 7.6 | 12.3 | 88.6% | 12.6% | 13.6% | 18.6% | 1.3 |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 27 years · Updated daily
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HSII — Frequently Asked Questions
Quick answers to the most common questions about buying HSII stock.
What is Heidrick & Struggles International, Inc.'s P/E ratio?
Heidrick & Struggles International, Inc.'s current P/E ratio is 143.9x. The historical average is 35.4x. This places it at the 100th percentile of its historical range.
What is Heidrick & Struggles International, Inc.'s EV/EBITDA?
Heidrick & Struggles International, Inc.'s current EV/EBITDA is 30.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.3x.
What is Heidrick & Struggles International, Inc.'s ROE?
Heidrick & Struggles International, Inc.'s return on equity (ROE) is 1.9%. The historical average is -0.8%.
Is HSII stock overvalued?
Based on historical data, Heidrick & Struggles International, Inc. is trading at a P/E of 143.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Heidrick & Struggles International, Inc.'s dividend yield?
Heidrick & Struggles International, Inc.'s current dividend yield is 1.03% with a payout ratio of 148.1%.
What are Heidrick & Struggles International, Inc.'s profit margins?
Heidrick & Struggles International, Inc. has 25.2% gross margin and 0.7% operating margin.
How much debt does Heidrick & Struggles International, Inc. have?
Heidrick & Struggles International, Inc.'s Debt/EBITDA ratio is 3.8x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.