profit from every $100 of sales.
$0$100
Heritage Global
$1.14-1.72% today
-10.9% in 1 year
1-year low $1.021-year high $1.46
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $11.01 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Heritage Global sold, what it kept, and what it did with the cash.
Sales went from $46.9 million in 2022 to $51.0 million in 2025, with $3.59 million of profit last year.
SalesProfit
Heritage Global vs. similar companies
Heritage Global grows the slowest of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Heritage Global | 11.0× · Cheap | ||
 Raymond James Financial | 15.2× · Fair price | ||
 Tradeweb Markets | 35.0× · Expensive | ||
 Nomura Holdings | 13.3× · Cheap | ||
 LPL Financial Holdings | 26.4× · Fair price |
AI analysis
An AI analyst reads Heritage Global's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 47 | 61 | 45 | 51 | |
| 10 | 21 | 14 | 14 | |
| 4 | 13 | 6 | 6 | |
| 12 | 15 | 10 | 7 | |
| 15 | 12 | 5 | 4 | |
| 0.42 | 0.33 | 0.14 | 0.10 | |
| 22.2% | 35.3% | 31.3% | 27.1% | |
| 8.8% | 21.9% | 14.1% | 11.0% | |
| 33.0% | 20.6% | 11.4% | 7.0% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 68 | 83 | 81 | 88 |
| Cash | 13 | 12 | 22 | 21 |
| Total debt | 7 | 10 | 3 | 6 |
| Total liabilities | 19 | 22 | 16 | 21 |
| 48 | 61 | 65 | 67 | |
| 37 | 38 | 37 | 35 | |
| 15.8% | 15.9% | 10.5% | 6.1% | |
| 32.1% | 20.4% | 7.9% | 5.4% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 6 | 13 | 8 | 6 | |
| 0 | 0 | 0 | 8 | |
| 6 | 13 | 8 | -2 | |
| Dividends paid | – | – | – | – |
| 0 | 0 | 2 | 3 | |
| 1 | 1 | 1 | 1 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 11.0×
- 7.0×
- –
- 0.6×
- 0.8×
- 9.1%
- 0.0%
Profitability
- 7.0%
- 4.0%
- 13.2%
- 4.9%
- 3.8%
Growth
- +2.8%
- −38.0%
- –
- −0.4%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 48%of 848
Bottom 26%of 728
Top 34%of 880
Bottom 29%of 878
Bottom 11%of 932
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 7, 2026 | 0.02 | 0.03 | −27.3% |
| Mar 12, 2026 | 0.01 | 0.03 | −69.2% |
| Nov 6, 2025 | 0.02 | 0.05 | −60.0% |
| Aug 7, 2025 | 0.05 | 0.05 | +0.0% |
| May 8, 2025 | 0.03 | 0.04 | −25.0% |
| Mar 13, 2025 | -0.01 | 0.05 | −120.0% |
| Nov 7, 2024 | 0.03 | 0.06 | −50.0% |
| Aug 8, 2024 | 0.07 | 0.07 | +0.0% |
News
Heritage Financial announces new stock repurchase programSeeking Alpha · Oct 22, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
47No pass
Benjamin Graham
89Pass
Philip Fisher
37No pass
Peter Lynch
25No pass
Joel Greenblatt
52No pass
Charlie Munger
44No pass
Terry Smith
28No pass
Questions about Heritage Global
Is Heritage Global a good stock to buy?
A business with weak numbers, and the price looks low. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Heritage Global AI analysis
What does Heritage Global do?
Heritage 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 is in Financial - Capital Markets.
Does Heritage Global pay a dividend?
No. Heritage Global does not pay a dividend at the moment; in 2025 it returned $2.63 million to shareholders by buying back its own shares.
Is Heritage Global stock halal?
No. Heritage Global does not pass our halal screen: its cash and confirmed interest-bearing investments are 52% of its market value, at or above the 33% limit. How we check
How has Heritage Global stock done over the past year?
Down 10.9% over the past twelve months, to $1.14. It traded between $1.02 and $1.46 and is 21.9% below its high.
Who are Heritage Global's competitors?
The largest listed companies in the same industry are Raymond James Financial, Tradeweb Markets, Nomura Holdings and LPL Financial Holdings. The peers table on this page compares their profit, growth and price with Heritage Global's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.