HSII · Heidrick & Struggles International Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $327.90M | $321.91M | $287.44M | - | $282.81M | $282.88M | $269.10M | - | $263.16M | $273.78M |
| Cost of Revenue | $37.64M | $34.59M | $30.06M | - | $31.03M | $29.70M | $27.43M | - | $30.68M | $17.40M |
| Gross Profit | $290.25M | $287.31M | $257.38M | - | $251.78M | $253.18M | $241.67M | - | $232.48M | $256.37M |
| R&D | $6.42M | $6.04M | $6.39M | - | $5.68M | $5.61M | $5.71M | - | $5.56M | $5.66M |
| SG&A | $41.78M | $42.18M | $41.42M | - | $39.74M | $46.45M | $41.36M | - | $37.56M | $40.51M |
| Total Operating Expenses | $308.74M | $296.68M | $271.21M | - | $263.73M | $287.06M | $252.82M | - | $245.76M | $267.24M |
| D&A | $4.95M | $3.91M | $4.85M | - | $3.00M | $1.99M | $4.79M | - | $2.40M | $2.20M |
| Operating Income | $19.16M | $25.23M | $16.23M | - | $19.08M | ($4.18M) | $16.27M | - | $22.14M | $13.59M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $8.84M | $10.07M | $4.31M | - | $6.27M | $4.58M | $8.90M | - | $9.01M | $7.89M |
| Net Income | $17.65M | $21.07M | $13.31M | - | $14.83M | ($5.16M) | $14.03M | - | $14.99M | $8.98M |
| EPS - Basic | $0.85 | $1.02 | $0.65 | - | $0.73 | ($0.25) | $0.70 | - | $0.75 | $0.45 |
| EPS - Diluted | $0.83 | $0.99 | $0.62 | - | $0.71 | ($0.25) | $0.67 | - | $0.73 | $0.44 |
Balance Sheet
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $454.64M | $211.17M | $211.94M | $515.63M | $363.42M | $189.92M | $252.83M | $412.62M | $286.43M | $217.78M |
| Accounts Receivable | $204.09M | $210.58M | $182.14M | $134.33M | $186.25M | $187.11M | $172.95M | $133.13M | $189.44M | $197.90M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $20.28M | $25.83M | $23.10M | $25.09M | $21.52M | $19.52M | $19.78M | $20.84M | $18.97M | $15.48M |
| Current Assets | $823.64M | $699.61M | $595.15M | $772.98M | $683.08M | $563.42M | $512.03M | $693.21M | $613.17M | $523.34M |
| Total Assets | $1.26B | $1.14B | $1.02B | $1.19B | $1.15B | $1.02B | $965.47M | $1.14B | $1.04B | $964.46M |
| Current Liabilities | $538.98M | $429.89M | $349.54M | $483.01M | $395.39M | $306.75M | $251.88M | $438.69M | $391.97M | $318.79M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $755.04M | $648.55M | $558.64M | $741.37M | $662.50M | $555.39M | $496.69M | $679.31M | $602.10M | $536.14M |
| Stockholders' Equity | $509.22M | $492.49M | $465.05M | $452.82M | $483.29M | $460.93M | $468.79M | $462.28M | $439.15M | $368.47M |
| Retained Earnings | $248.19M | $233.81M | $215.99M | $205.88M | $224.16M | $212.55M | $220.89M | $210.07M | $198.37M | $186.53M |
Cash Flow
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($232.22M) | - | - | - | ($203.42M) | - | - | - |
| Investing Cash Flow | - | - | ($73.13M) | - | - | - | $54.71M | - | - | - |
| Financing Cash Flow | - | - | ($6.45M) | - | - | - | ($6.08M) | - | - | - |
| CapEx | - | - | $2.73M | - | - | - | $6.17M | - | - | - |
| Free Cash Flow | - | - | ($234.96M) | - | - | - | ($209.60M) | - | - | - |
Ratios
| Metric | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 88.5% | 89.3% | 89.5% | - | 89.0% | 89.5% | 89.8% | - | 88.3% | 93.6% |
| Operating margin | 5.8% | 7.8% | 5.6% | - | 6.7% | -1.5% | 6.0% | - | 8.4% | 5.0% |
| EBITDA margin | 7.4% | 9.1% | 7.3% | - | 7.8% | -0.8% | 7.8% | - | 9.3% | 5.8% |
| Net margin | 5.4% | 6.5% | 4.6% | - | 5.2% | -1.8% | 5.2% | - | 5.7% | 3.3% |
| Free cash flow margin | - | - | -81.7% | - | - | - | -77.9% | - | - | - |
| FCF / Net income | - | - | -17.66 | - | - | - | -14.94 | - | - | - |
| R&D / Revenue | 2.0% | 1.9% | 2.2% | - | 2.0% | 2.0% | 2.1% | - | 2.1% | 2.1% |
| SG&A / Revenue | 12.7% | 13.1% | 14.4% | - | 14.1% | 16.4% | 15.4% | - | 14.3% | 14.8% |
| Effective tax rate | 33.4% | 32.3% | 24.5% | - | 29.7% | - | 38.8% | - | 37.5% | 46.8% |
| Return on assets | 1.4% | 1.8% | 1.3% | - | 1.3% | -0.5% | 1.5% | - | 1.4% | 0.9% |
| Return on equity | 3.5% | 4.3% | 2.9% | - | 3.1% | -1.1% | 3.0% | - | 3.4% | 2.4% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.53 | 1.63 | 1.70 | 1.60 | 1.73 | 1.84 | 2.03 | 1.58 | 1.56 | 1.64 |
| Quick ratio | 1.53 | 1.63 | 1.70 | 1.60 | 1.73 | 1.84 | 2.03 | 1.58 | 1.56 | 1.64 |
| Cash ratio | 0.84 | 0.49 | 0.61 | 1.07 | 0.92 | 0.62 | 1.00 | 0.94 | 0.73 | 0.68 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.48 | 2.32 | 2.20 | 2.64 | 2.37 | 2.20 | 2.06 | 2.47 | 2.37 | 2.62 |
| Liabilities / Assets | 0.60 | 0.57 | 0.55 | 0.62 | 0.58 | 0.55 | 0.51 | 0.60 | 0.58 | 0.56 |
| Efficiency | ||||||||||
| Asset turnover | 0.26 | 0.28 | 0.28 | - | 0.25 | 0.28 | 0.28 | - | 0.25 | 0.28 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 227d | 239d | 231d | - | 240d | 241d | 235d | - | 263d | 264d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 197d | 273d | 281d | - | 253d | 240d | 263d | - | 226d | 325d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 15.9% | 13.8% | 6.8% | - | 7.5% | 3.3% | 11.1% | - | 1.9% | -9.1% |
| Revenue CAGR (3y) | 8.3% | 2.3% | 0.2% | - | 2.2% | 2.7% | 11.4% | - | 13.0% | 22.8% |
| Revenue CAGR (5y) | 12.5% | 16.8% | 10.5% | - | 8.7% | 9.7% | 8.8% | - | 6.5% | 7.8% |
| Gross profit growth (YoY) | 15.3% | 13.5% | 6.5% | - | 8.3% | -1.2% | 10.2% | - | - | - |
| Operating income growth (YoY) | 0.4% | - | -0.3% | - | -13.8% | - | -8.4% | - | -21.8% | -59.9% |
| Net income growth (YoY) | 19.0% | - | -5.2% | - | -1.1% | - | -10.0% | - | -28.0% | -62.8% |
| EPS growth (YoY) | 16.9% | - | -7.5% | - | -2.7% | - | -11.8% | - | -28.4% | -63.0% |
| EPS CAGR (3y) | -6.6% | -5.9% | -11.7% | - | -16.3% | - | -3.3% | - | - | - |
| EPS CAGR (5y) | - | - | 7.1% | - | 6.8% | - | 1.6% | - | -3.0% | -5.7% |
| FCF growth (YoY) | - | - | -12.1% | - | - | - | 38.5% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 5.4% | 6.8% | -0.8% | -2.0% | 10.1% | 25.1% | 11.3% | 12.6% | 14.2% | 0.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Business segments
$280.21M totalOn Demand Talent Segment$168.32M · 60.1%
Heidrick Consulting Segment$111.89M · 39.9%
Geographic
$1.92B totalUS$647.57M · 33.8%
Americas$556.94M · 29.1%
All Other Countries$335.57M · 17.5%
Europe$165.02M · 8.6%
DE$115.44M · 6.0%
Asia Pacific$96.40M · 5.0%
Peer comparison
Same SIC group: Services-Employment Agencies
Comparing HEIDRICK & STRUGGLES INTERNATIONAL INC against the 4 most active filers in the same SIC group.