Heidrick & Struggles Intl Inc Financials
This page shows Heidrick & Struggles Intl Inc (HSII) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Heidrick & Struggles Intl Inc generated $1.1B in revenue in fiscal year 2024. This represents an increase of 7.2% from the prior year.
Heidrick & Struggles Intl Inc's EBITDA was $26.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 71.9% from the prior year.
Heidrick & Struggles Intl Inc generated $124.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 408.6% from the prior year.
Heidrick & Struggles Intl Inc reported $8.7M in net income in fiscal year 2024. This represents a decrease of 84.0% from the prior year.
Heidrick & Struggles Intl Inc earned $0.41 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 84.4% from the prior year.
Heidrick & Struggles Intl Inc held $515.6M in cash against $0 in long-term debt as of fiscal year 2024.
Heidrick & Struggles Intl Inc paid $0.60 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Heidrick & Struggles Intl Inc had 20M shares outstanding in fiscal year 2024. This represents an increase of 1.4% from the prior year.
Heidrick & Struggles Intl Inc's gross margin was 89.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the prior year.
Heidrick & Struggles Intl Inc's operating margin was 0.7% in fiscal year 2024, reflecting core business profitability. This is down 6.6 percentage points from the prior year.
Heidrick & Struggles Intl Inc's net profit margin was 0.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.5 percentage points from the prior year.
Heidrick & Struggles Intl Inc's ROE was 1.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 9.8 percentage points from the prior year.
Heidrick & Struggles Intl Inc invested $23.1M in research and development in fiscal year 2024. This represents an increase of 1.6% from the prior year.
Heidrick & Struggles Intl Inc spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Heidrick & Struggles Intl Inc invested $26.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 95.9% from the prior year.
HSII Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $327.9M+1.9% | $321.9M+12.0% | $287.4M+2.3% | $280.9M-0.7% | $282.8M0.0% | $282.9M+5.1% | $269.1M+4.5% | $257.4M |
| Cost of Revenue | $37.6M+8.8% | $34.6M+15.1% | $30.1M-2.4% | $30.8M-0.8% | $31.0M+4.5% | $29.7M+8.3% | $27.4M-9.2% | $30.2M |
| Gross Profit | $290.3M+1.0% | $287.3M+11.6% | $257.4M+2.9% | $250.1M-0.7% | $251.8M-0.6% | $253.2M+4.8% | $241.7M+6.4% | $227.2M |
| R&D Expenses | $6.4M+6.3% | $6.0M-5.6% | $6.4M+5.6% | $6.1M+6.5% | $5.7M+1.4% | $5.6M-1.9% | $5.7M-4.0% | $6.0M |
| SG&A Expenses | $41.8M-1.0% | $42.2M+1.8% | $41.4M+5.0% | $39.4M-0.8% | $39.7M-14.5% | $46.5M+12.3% | $41.4M-6.2% | $44.1M |
| Operating Income | $19.2M-24.1% | $25.2M+55.5% | $16.2M+168.6% | -$23.6M-223.9% | $19.1M+556.2% | -$4.2M-125.7% | $16.3M-25.6% | $21.9M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | $4.1M+3.4% | $4.0M |
| Income Tax | $8.8M-12.3% | $10.1M+133.6% | $4.3M+98.3% | $2.2M-65.3% | $6.3M+36.8% | $4.6M-48.5% | $8.9M-12.1% | $10.1M |
| Net Income | $17.6M-16.3% | $21.1M+58.4% | $13.3M+188.8% | -$15.0M-201.0% | $14.8M+387.6% | -$5.2M-136.8% | $14.0M-5.5% | $14.9M |
| EPS (Diluted) | $0.83-16.2% | $0.99+59.7% | $0.62+186.1% | $-0.72-201.4% | $0.71+384.0% | $-0.25-137.3% | $0.67-2.9% | $0.69 |
HSII Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B+10.8% | $1.1B+11.5% | $1.0B-14.3% | $1.2B+4.2% | $1.1B+12.7% | $1.0B+5.3% | $965.5M-15.4% | $1.1B |
| Current Assets | $823.6M+17.7% | $699.6M+17.6% | $595.1M-23.0% | $773.0M+13.2% | $683.1M+21.2% | $563.4M+10.0% | $512.0M-26.1% | $693.2M |
| Cash & Equivalents | $454.6M+115.3% | $211.2M-0.4% | $211.9M-58.9% | $515.6M+41.9% | $363.4M+91.4% | $189.9M-24.9% | $252.8M-38.7% | $412.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $204.1M-3.1% | $210.6M+15.6% | $182.1M+35.6% | $134.3M-27.9% | $186.3M-0.5% | $187.1M+8.2% | $173.0M+29.9% | $133.1M |
| Goodwill | $142.5M-0.1% | $142.6M+2.3% | $139.4M+1.2% | $137.9M-25.6% | $185.4M+1.2% | $183.2M-8.5% | $200.1M-1.1% | $202.3M |
| Total Liabilities | $755.0M+16.4% | $648.6M+16.1% | $558.6M-24.6% | $741.4M+11.9% | $662.5M+19.3% | $555.4M+11.8% | $496.7M-26.9% | $679.3M |
| Current Liabilities | $539.0M+25.4% | $429.9M+23.0% | $349.5M-27.6% | $483.0M+22.2% | $395.4M+28.9% | $306.7M+21.8% | $251.9M-42.6% | $438.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $509.2M+3.4% | $492.5M+5.9% | $465.1M+2.7% | $452.8M-6.3% | $483.3M+4.8% | $460.9M-1.7% | $468.8M+1.4% | $462.3M |
| Retained Earnings | $248.2M+6.2% | $233.8M+8.3% | $216.0M+4.9% | $205.9M-8.2% | $224.2M+5.5% | $212.5M-3.8% | $220.9M+5.1% | $210.1M |
HSII Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | -$232.2M | N/A | N/A | N/A | -$203.4M | N/A |
| Capital Expenditures | N/A | N/A | $2.7M | N/A | N/A | N/A | $6.2M | N/A |
| Free Cash Flow | N/A | N/A | -$235.0M | N/A | N/A | N/A | -$209.6M | N/A |
| Investing Cash Flow | N/A | N/A | -$73.1M | N/A | N/A | N/A | $54.7M | N/A |
| Financing Cash Flow | N/A | N/A | -$6.4M | N/A | N/A | N/A | -$6.1M | N/A |
| Dividends Paid | N/A | N/A | $3.2M | N/A | N/A | N/A | $3.2M | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
HSII Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 88.5%-0.7pp | 89.3%-0.3pp | 89.5%+0.5pp | 89.0%0.0pp | 89.0%-0.5pp | 89.5%-0.3pp | 89.8%+1.5pp | 88.3% |
| Operating Margin | 5.8%-2.0pp | 7.8%+2.2pp | 5.7%+14.1pp | -8.4%-15.2pp | 6.8%+8.2pp | -1.5%-7.5pp | 6.0%-2.4pp | 8.5% |
| Net Margin | 5.4%-1.2pp | 6.6%+1.9pp | 4.6%+10.0pp | -5.3%-10.6pp | 5.2%+7.1pp | -1.8%-7.0pp | 5.2%-0.6pp | 5.8% |
| Return on Equity | 3.5%-0.8pp | 4.3%+1.4pp | 2.9% | N/A | 3.1% | N/A | 3.0%-0.2pp | 3.2% |
| Return on Assets | 1.4%-0.4pp | 1.8%+0.5pp | 1.3%+2.6pp | -1.3%-2.5pp | 1.3%+1.8pp | -0.5%-2.0pp | 1.5%+0.2pp | 1.3% |
| Current Ratio | 1.53-0.1 | 1.63-0.1 | 1.70+0.1 | 1.60-0.1 | 1.73-0.1 | 1.84-0.2 | 2.03+0.5 | 1.58 |
| Debt-to-Equity | 1.48+0.2 | 1.32+0.1 | 1.20-0.4 | 1.64+0.3 | 1.37+0.2 | 1.20+0.1 | 1.06-0.4 | 1.47 |
| FCF Margin | N/A | N/A | -81.7% | N/A | N/A | N/A | -77.9% | N/A |
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks.
Bankruptcy risk indicator. Above 2.99 = safe, below 1.81 = distress.
Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.
Operating cash flow vs net income. Above 1.0x = cash-backed earnings.
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Frequently Asked Questions
What is Heidrick & Struggles Intl Inc's annual revenue?
Heidrick & Struggles Intl Inc (HSII) reported $1.1B in total revenue for fiscal year 2024. This represents a 7.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Heidrick & Struggles Intl Inc's revenue growing?
Heidrick & Struggles Intl Inc (HSII) revenue grew by 7.2% year-over-year, from $1.0B to $1.1B in fiscal year 2024.
Is Heidrick & Struggles Intl Inc profitable?
Yes, Heidrick & Struggles Intl Inc (HSII) reported a net income of $8.7M in fiscal year 2024, with a net profit margin of 0.8%.
What is Heidrick & Struggles Intl Inc's earnings per share (EPS)?
Heidrick & Struggles Intl Inc (HSII) reported diluted earnings per share of $0.41 for fiscal year 2024. This represents a -84.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Heidrick & Struggles Intl Inc's EBITDA?
Heidrick & Struggles Intl Inc (HSII) had EBITDA of $26.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Heidrick & Struggles Intl Inc's gross margin?
Heidrick & Struggles Intl Inc (HSII) had a gross margin of 89.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Heidrick & Struggles Intl Inc's operating margin?
Heidrick & Struggles Intl Inc (HSII) had an operating margin of 0.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Heidrick & Struggles Intl Inc's net profit margin?
Heidrick & Struggles Intl Inc (HSII) had a net profit margin of 0.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Heidrick & Struggles Intl Inc pay dividends?
Yes, Heidrick & Struggles Intl Inc (HSII) paid $0.60 per share in dividends during fiscal year 2024.
What is Heidrick & Struggles Intl Inc's return on equity (ROE)?
Heidrick & Struggles Intl Inc (HSII) has a return on equity of 1.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Heidrick & Struggles Intl Inc's free cash flow?
Heidrick & Struggles Intl Inc (HSII) generated $124.1M in free cash flow during fiscal year 2024. This represents a 408.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Heidrick & Struggles Intl Inc's operating cash flow?
Heidrick & Struggles Intl Inc (HSII) generated $150.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Heidrick & Struggles Intl Inc's total assets?
Heidrick & Struggles Intl Inc (HSII) had $1.2B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Heidrick & Struggles Intl Inc's capital expenditures?
Heidrick & Struggles Intl Inc (HSII) invested $26.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Heidrick & Struggles Intl Inc spend on research and development?
Heidrick & Struggles Intl Inc (HSII) invested $23.1M in research and development during fiscal year 2024.
How many shares does Heidrick & Struggles Intl Inc have outstanding?
Heidrick & Struggles Intl Inc (HSII) had 20M shares outstanding as of fiscal year 2024.
What is Heidrick & Struggles Intl Inc's current ratio?
Heidrick & Struggles Intl Inc (HSII) had a current ratio of 1.60 as of fiscal year 2024, which is generally considered healthy.
What is Heidrick & Struggles Intl Inc's debt-to-equity ratio?
Heidrick & Struggles Intl Inc (HSII) had a debt-to-equity ratio of 1.64 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Heidrick & Struggles Intl Inc's return on assets (ROA)?
Heidrick & Struggles Intl Inc (HSII) had a return on assets of 0.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Heidrick & Struggles Intl Inc's Altman Z-Score?
Heidrick & Struggles Intl Inc (HSII) has an Altman Z-Score of 2.48, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress.
What is Heidrick & Struggles Intl Inc's Piotroski F-Score?
Heidrick & Struggles Intl Inc (HSII) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.
Are Heidrick & Struggles Intl Inc's earnings high quality?
Heidrick & Struggles Intl Inc (HSII) has an earnings quality ratio of 17.24x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.
How financially healthy is Heidrick & Struggles Intl Inc?
Heidrick & Struggles Intl Inc (HSII) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.