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Heritage Global vs Outdoor Holding: HGBL and POWW compared
Heritage Global is the larger company: $14.6M of revenue in its latest quarter (Q3 2026) against $14.5M for Outdoor Holding (Q1 FY27). Heritage Global is growing faster (+28% against +22% a year earlier). Outdoor Holding is more profitable, with an operating margin of 22.8% against 7.2%.
Where the money goes: HGBL and POWW
Heritage Global (HGBL) · Q3 2026
Heritage Global, Q3 2026: revenue $14.6M (+28% year over year), operating margin 7.2%, net earnings $1.0M, operating cash flow $3.4M. The chart follows the revenue to costs, profit and cash.
Outdoor Holding (POWW) · Q1 FY27
Outdoor Holding, Q1 FY27: revenue $14.5M (+22% year over year), operating margin 22.8%, net earnings $3.6M, operating cash flow $4.4M. The chart follows the revenue to costs, profit and cash.
| Heritage Global (HGBL) | Outdoor Holding (POWW) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $14.6M | $14.5M |
| Revenue growth, Y/Y | +28% | +22% |
| Gross margin | — | 84.5% |
| Operating margin | 7.2% | 22.8% |
| Net earnings | $1.0M | $3.6M |
| Net margin | 7.1% | 24.7% |
| Operating cash flow | $3.4M | $4.4M |
| Free cash flow | $2.6M | $3.8M |
Where the revenue comes from
Heritage Global
- Service: $9.8M (67%)
- Product: $4.8M (33%)
Questions
Which is bigger, Heritage Global or Outdoor Holding?
Heritage Global is the larger company: $14.6M of revenue in its latest quarter (Q3 2026) against $14.5M for Outdoor Holding (Q1 FY27).
Is Heritage Global or Outdoor Holding growing faster?
Heritage Global is growing faster (+28% against +22% a year earlier).
Which is more profitable, Heritage Global or Outdoor Holding?
Outdoor Holding is more profitable, with an operating margin of 22.8% against 7.2%.
More: Heritage Global earnings · how Heritage Global makes money · Outdoor Holding earnings · how Outdoor Holding makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.