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Horizon Kinetics Holding vs Mount Logan Capital: HKHC and MLCI compared
Horizon Kinetics Holding is the larger company: $19.0M of revenue in its latest quarter (Q2 2026) against $12.9M for Mount Logan Capital (Q3 2026). Mount Logan Capital is growing faster (+12% against +0.7% a year earlier). Horizon Kinetics Holding is more profitable, with an operating margin of 15.6% against -29.0%.
Where the money goes: HKHC and MLCI
Horizon Kinetics Holding (HKHC) · Q2 2026
Horizon Kinetics Holding, Q2 2026: revenue $19.0M (+0.7% year over year), operating margin 15.6%, net loss $113M, operating cash flow −$2.0M. The chart follows the revenue to costs, profit and cash.
Mount Logan Capital (MLCI) · Q3 2026
Mount Logan Capital, Q3 2026: revenue $12.9M (+12% year over year), operating margin -29.0%, net loss $3.7M. The chart follows the revenue to costs, profit and cash.
| Horizon Kinetics Holding (HKHC) | Mount Logan Capital (MLCI) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $19.0M | $12.9M |
| Revenue growth, Y/Y | +0.7% | +12% |
| Operating margin | 15.6% | -29.0% |
| Net earnings | −$113M | −$3.7M |
| Net margin | -593.2% | -29.0% |
| Operating cash flow | −$2.0M | — |
Where the revenue comes from
Horizon Kinetics Holding
- Management and Advisory Fees: $18.8M (99%)
- Other Income and Fees: $227K (1%)
Questions
Which is bigger, Horizon Kinetics Holding or Mount Logan Capital?
Horizon Kinetics Holding is the larger company: $19.0M of revenue in its latest quarter (Q2 2026) against $12.9M for Mount Logan Capital (Q3 2026).
Is Horizon Kinetics Holding or Mount Logan Capital growing faster?
Mount Logan Capital is growing faster (+12% against +0.7% a year earlier).
Which is more profitable, Horizon Kinetics Holding or Mount Logan Capital?
Horizon Kinetics Holding is more profitable, with an operating margin of 15.6% against -29.0%.
More: Horizon Kinetics Holding earnings · how Horizon Kinetics Holding makes money · Mount Logan Capital earnings · how Mount Logan Capital makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 8-K filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.