NASDAQ · Financial Statements

Heidrick & Struggles International, Inc. (HSII) Financial Statements

$59.01 NASDAQ: HSII Market Cap $1.23B

Heidrick & Struggles International, Inc. most recently reported annual revenue of $1.1B, net profit of $9.0M. Revenue grew at an average annual rate of 9.0% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Heidrick & Struggles International, Inc.: Revenue rose from $548.0M in 2015 to $1.1B in 2024, a change of +103.6% over 9 years; net profit was positive in 8 of 10 reported years; operating margin moved from 6.2% to 0.7%, a shift of -5.5 percentage points; the most recent year shows net profit of $9.0M.

Income Statement — 10 Years (USD millions)

Metric2015201620172018201920202021202220232024
Revenue$548.0M$601.0M$640.0M$736.0M$726.0M$629.0M$1.0B$1.1B$1.0B$1.1B
Operating Expenses$514.0M$566.0M$667.0M$667.0M$662.0M$665.0M$910.0M$971.0M$966.0M$1.1B
Operating Profit$34.0M$35.0M$-27.0M$69.0M$64.0M$-36.0M$98.0M$112.0M$75.0M$8.0M
Operating Margin6.2%5.9%-4.1%9.4%8.8%-5.7%9.7%10.4%7.2%0.7%
Other Income$-3.0M$3.0M$-3.0M$2.0M$6.0M$4.0M$8.0M$3.0M$13.0M$23.0M
Interest$0$0$0$0$0$0$0$0$0$0
Depreciation$14.0M$16.0M$15.0M$13.0M$10.0M$27.0M$20.0M$11.0M$19.0M$19.0M
Profit Before Tax$32.0M$38.0M$-29.0M$70.0M$69.0M$-31.0M$106.0M$115.0M$89.0M$31.0M
Tax$45.7M$59.2M$-65.3M$30.1M$32.4M$-20.1M$31.6M$31.0M$38.6M$71.5M
Net Profit$17.0M$15.0M$-49.0M$49.0M$47.0M$-38.0M$73.0M$79.0M$54.0M$9.0M
EPS$0.92$0.81$-2.60$2.52$2.40$-1.95$3.58$3.86$2.62$0.41
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricDec '22Mar '23Jun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25
Revenue$239.0M$242.0M$274.0M$268.0M$257.0M$269.0M$283.0M$283.0M$281.0M$287.0M$322.0M$323.0M
Operating Expenses$219.0M$224.0M$260.0M$246.0M$236.0M$253.0M$287.0M$264.0M$305.0M$271.0M$297.0M$304.0M
Operating Profit$20.0M$18.0M$14.0M$22.0M$22.0M$16.0M$-4.0M$19.0M$-24.0M$16.0M$25.0M$19.0M
Operating Margin8.3%7.3%5.0%8.3%8.5%6.0%-1.5%6.8%-8.4%5.7%7.8%5.9%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$23.0M$23.0M$17.0M$24.0M$25.0M$23.0M$-1.0M$21.0M$-13.0M$18.0M$31.0M$26.0M
Tax$29.9M$31.7M$46.8M$37.5M$40.5M$38.8M$-798.4M$29.7M$-17.0M$24.5M$32.3M$33.4M
Net Profit$16.0M$16.0M$9.0M$15.0M$15.0M$14.0M$-5.0M$15.0M$-15.0M$13.0M$21.0M$18.0M
EPS$0.78$0.76$0.44$0.73$0.72$0.67$-0.25$0.71$-0.71$0.62$0.99$0.83

Over the 10 years reported for Heidrick & Struggles International, Inc., cash stood at $516.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 1.60 times.

Balance Sheet — 10 Years (USD millions)

Metric2015201620172018201920202021202220232024
Total Assets$573.0M$582.0M$587.0M$701.0M$844.0M$788.0M$1.1B$1.2B$1.1B$1.2B
Current Assets$309.0M$298.0M$344.0M$451.0M$494.0M$473.0M$745.0M$824.0M$693.0M$773.0M
Cash$190.0M$165.0M$208.0M$280.0M$272.0M$316.0M$545.0M$355.0M$413.0M$516.0M
Inventory$26.0M$22.0M$22.0M$23.0M$0$0$0$0$0$0
Receivables$81.0M$98.0M$103.0M$119.0M$131.0M$108.0M$171.0M$162.0M$165.0M$167.0M
Fixed Assets$36.0M$35.0M$40.0M$34.0M$128.0M$116.0M$99.0M$102.0M$122.0M$135.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$14.0M$17.0M$21.0M$19.0M$61.0M$20.0M$0$266.0M$66.0M$48.0M
Other Assets$131.0M$152.0M$119.0M$122.0M$127.0M$92.0M$139.0M$138.0M$202.0M$138.0M
Total Liabilities$318.0M$323.0M$374.0M$433.0M$535.0M$520.0M$771.0M$765.0M$679.0M$741.0M
Current Liabilities$229.0M$221.0M$266.0M$319.0M$345.0M$318.0M$535.0M$588.0M$439.0M$483.0M
Borrowings$0$0$0$0$110.0M$116.0M$85.0M$83.0M$100.0M$101.0M
Other Liabilities$318.0M$323.0M$374.0M$433.0M$425.0M$404.0M$686.0M$682.0M$580.0M$641.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$255.0M$259.0M$213.0M$267.0M$309.0M$268.0M$336.0M$411.0M$462.0M$453.0M

For Heidrick & Struggles International, Inc., operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was $124.0M; free cash flow was positive in 9 of 10 years; financing activities used $4.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2015201620172018201920202021202220232024
Operating Cash Flow$58.0M$25.0M$67.0M$103.0M$79.0M$23.0M$271.0M$119.0M$-27.0M$150.0M
Investing Cash Flow$-45.0M$-33.0M$-29.0M$-13.0M$-73.0M$25.0M$-27.0M$-291.0M$120.0M$-41.0M
Financing Cash Flow$-8.0M$-13.0M$-9.0M$-8.0M$-7.0M$-5.0M$-4.0M$-4.0M$-41.0M$-4.0M
Net Cash Flow$-21.0M$-25.0M$43.0M$72.0M$-9.0M$45.0M$229.0M$-190.0M$57.0M$103.0M
Free Cash Flow$41.0M$19.0M$53.0M$97.0M$75.0M$16.0M$265.0M$108.0M$-40.0M$124.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-3.46
EV / EBITDA9.65
FCF Yield-3.35%
Quick Ratio1.53
Interest Coverage—
Return 1Y—
Return 3Y—
Return 5Y—

Heidrick & Struggles International, Inc. (HSII) financials — frequently asked questions

What is Heidrick & Struggles International, Inc.'s annual revenue?

Heidrick & Struggles International, Inc. (HSII) reported annual revenue of $1.1B in its most recent fiscal year.

What is Heidrick & Struggles International, Inc.'s net profit?

Heidrick & Struggles International, Inc. (HSII) reported net profit of $9.0M in its most recent fiscal year.

What is HSII EV/EBITDA?

Heidrick & Struggles International, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 9.65.

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