Heritage Global vs Tryhard Holdings
Heritage Global is the larger business, with $51.0m of revenue in fiscal 2025 against $20.5m for Tryhard Holdings (2.5 times as much). Heritage Global grew faster (12.4% against -13.3%). Heritage Global kept more of each dollar of sales as profit: a net margin of 7.0% against 0.6%. Heritage Global carries less debt relative to equity (6.1% against 28.5%).
| Latest fiscal year | Heritage GlobalHGBL, 2025 | Tryhard HoldingsTHH, 2026 |
|---|---|---|
| Revenue | $51.0m | $20.5m |
| Revenue growth | 12.4% | -13.3% |
| Net income | $3.6m | $115,608 |
| Operating margin | 11.2% | -8.3% |
| Net margin | 7.0% | 0.6% |
| Return on equity | 5.4% | 1.8% |
| Free cash flow | −$2.3m | −$4.6m |
| Cash | $20.5m | $735,834 |
| Total debt | $4.1m | $2.1m |
| Debt to equity | 6.1% | 28.5% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $2.6m | — |
| Employees | 84 | — |
| Market value | $44.0m | $7.3m |
| Price vs our value range | Within our value range | — |
| Moat score | 66 (Moderate) | — |
| Insider trades, 12 months | 5 buys, 10 sales | 0 buys, 0 sales |