Heidrick & Struggles International (HSII) Financials

$43.63 +0.16 (+0.37%)

Closing price 04:00 PM Eastern

Extended Trading

$43.64 +0.01 (+0.02%)

As of 04:21 PM Eastern

Annual Income Statements for Heidrick & Struggles International

This table shows Heidrick & Struggles International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	8.73	54	79	73	-38	47	49	-49	15	17	6.80
Consolidated Net Income / (Loss)	8.73	54	79	73	-38	47	49	-49	15	17	6.80
Net Income / (Loss) Continuing Operations	8.73	54	79	73	-38	47	49	-49	15	17	6.80
Total Pre-Tax Income	31	89	115	106	-31	69	70	-29	38	32	24
Total Operating Income	7.53	75	112	98	-36	64	69	-27	35	34	27
Total Gross Profit	281	276	275	238	167	201	210	206	201	179	176
Total Revenue	1,116	1,041	1,084	1,008	629	726	736	640	601	548	513
Operating Revenue	1,116	1,041	1,084	1,008	629	726	736	640	601	548	513
Total Cost of Revenue	835	765	808	770	463	525	526	434	400	369	337
Operating Cost of Revenue	835	765	808	770	463	525	526	434	400	369	337
Total Operating Expenses	274	201	163	140	202	137	141	232	166	145	149
Selling, General & Admin Expense	167	156	133	131	117	133	141	147	147	128	130
Research & Development Expense	23	23	20	0.00	0.00	-	-	-	-	-	-
Other Operating Expenses / (Income)	17	14	10	5.47	-	-	-	19	19	17	19
Impairment Charge	59	7.25	0.00	0.00	33	0.00	0.00	51	0.00	0.00	-
Restructuring Charge	6.94	0.00	0.00	3.79	52	4.13	0.00	16	0.00	0.00	-
Total Other Income / (Expense), net	23	13	2.97	7.77	4.13	5.78	1.64	-2.90	2.53	-2.51	-2.47
Interest & Investment Income	14	12	5.34	-	-	-	-	-	-	-	-
Other Income / (Expense), net	8.70	1.70	-2.37	7.46	3.93	2.90	0.49	-3.28	2.29	-2.39	-2.11
Income Tax Expense	22	34	36	33	6.31	22	21	19	22	14	17
Basic Earnings per Share	$0.43	$2.72	$4.02	$3.72	($1.95)	$2.45	$2.61	($2.60)	$0.83	$0.93	$0.37
Weighted Average Basic Shares Outstanding	20.29M	20.03M	19.76M	19.52M	19.30M	19.10M	18.92M	18.74M	18.54M	18.33M	18.21M
Diluted Earnings per Share	$0.41	$2.62	$3.86	$3.58	($1.95)	$2.40	$2.52	($2.60)	$0.81	$0.92	$0.37
Weighted Average Diluted Shares Outstanding	21.19M	20.77M	20.62M	20.30M	19.30M	19.55M	19.53M	18.74M	19.04M	18.72M	18.43M
Weighted Average Basic & Diluted Shares Outstanding	20.41M	20.12M	19.86M	19.59M	19.36M	19.17M	985.90M	18.70M	18.60M	18.40M	18.40M
Cash Dividends to Common per Share	$0.60	$0.60	$0.60	$0.60	$0.60	$0.60	$0.52	$0.52	$0.52	$0.52	$0.52

This table shows Heidrick & Struggles International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	13	-15	15	-5.16	14	15	15	8.98	16	16	21
Consolidated Net Income / (Loss)	13	-15	15	-5.16	14	15	15	8.98	16	16	21
Net Income / (Loss) Continuing Operations	13	-15	15	-5.16	14	15	15	8.98	16	16	21
Total Pre-Tax Income	18	-13	21	-0.57	23	25	24	17	23	23	30
Total Operating Income	16	-24	19	-4.18	16	22	22	14	18	20	28
Total Gross Profit	68	70	69	75	67	76	70	70	60	64	69
Total Revenue	287	281	283	283	269	257	268	274	242	239	258
Operating Revenue	287	281	283	283	269	257	268	274	242	239	258
Total Cost of Revenue	220	211	214	208	202	181	198	204	182	174	189
Operating Cost of Revenue	220	211	214	208	202	181	198	204	182	174	189
Total Operating Expenses	52	93	50	79	51	54	48	56	43	45	41
Selling, General & Admin Expense	41	39	40	46	41	44	38	41	34	35	32
Research & Development Expense	6.39	6.05	5.68	5.61	5.72	5.95	5.56	5.66	5.53	6.07	5.40
Other Operating Expenses / (Income)	3.86	4.70	4.26	4.25	3.90	4.23	4.74	2.55	2.80	2.95	3.09
Total Other Income / (Expense), net	1.39	11	2.02	3.61	6.66	3.11	1.86	3.29	5.06	3.05	1.21
Interest & Investment Income	3.96	-	2.57	2.61	-	-	2.51	1.91	-	-	-
Other Income / (Expense), net	-2.57	5.69	-0.56	1.00	2.57	-0.84	-0.65	1.38	1.81	-0.63	-0.04
Income Tax Expense	4.31	2.17	6.27	4.58	8.90	10	9.01	7.89	7.24	6.85	8.71
Basic Earnings per Share	$0.65	($0.75)	$0.73	($0.25)	$0.70	$0.74	$0.75	$0.45	$0.78	$0.81	$1.05
Weighted Average Basic Shares Outstanding	20.46M	20.29M	20.36M	20.26M	20.14M	20.03M	20.08M	20.01M	19.90M	19.76M	19.82M
Diluted Earnings per Share	$0.62	($0.72)	$0.71	($0.25)	$0.67	$0.69	$0.73	$0.44	$0.76	$0.75	$1.02
Weighted Average Diluted Shares Outstanding	21.32M	21.19M	21.02M	20.26M	21.04M	20.77M	20.55M	20.64M	20.57M	20.62M	20.41M
Weighted Average Basic & Diluted Shares Outstanding	20.62M	20.41M	20.41M	20.32M	20.25M	20.12M	20.12M	20.01M	20.03M	19.86M	19.86M
Cash Dividends to Common per Share	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15

This table details how cash moves in and out of Heidrick & Struggles International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	103	57	-190	229	45	-1.30	13	10	-21	30
Net Cash From Operating Activities	150	-27	119	271	23	79	67	62	81	73
Net Cash From Continuing Operating Activities	150	-27	119	271	23	0.00	45	22	58	57
Net Income / (Loss) Continuing Operations	8.73	54	79	73	-38	47	-49	15	17	6.80
Consolidated Net Income / (Loss)	8.73	54	79	73	-38	47	-49	15	17	6.80
Depreciation Expense	19	19	11	20	27	10	15	16	14	15
Non-Cash Adjustments To Reconcile Net Income	72	17	15	8.32	46	36	57	7.03	6.36	5.43
Changes in Operating Assets and Liabilities, net	51	-117	14	171	-11	-6.93	22	-17	20	29
Net Cash From Investing Activities	-15	134	-280	-21	33	-69	-15	-35	-28	-3.29
Net Cash From Continuing Investing Activities	-15	134	-280	-21	33	0.00	-15	-35	-28	-3.29
Purchase of Property, Plant & Equipment	-26	-13	-11	-6.24	-7.32	-3.35	-14	-5.35	-16	-3.36
Acquisitions	0.00	-50	0.00	-34	0.00	-3.52	-0.36	-28	-10	0.00
Purchase of Investments	-164	-141	-270	-2.32	-119	-130	-2.27	-2.48	-1.53	-0.96
Sale and/or Maturity of Investments	175	338	1.36	21	159	68	1.40	0.54	0.76	1.08
Net Cash From Financing Activities	-17	-54	-16	-16	-16	-18	-17	-17	-46	-20
Net Cash From Continuing Financing Activities	-17	-54	-16	-16	-16	0.00	-17	-17	-46	-20
Repurchase of Common Equity	0.00	-0.90	0.00	0.00	-	-	-	-	-	-
Payment of Dividends	-13	-13	-12	-12	-12	-12	-10	-9.96	-9.99	-9.86
Other Financing Activities, net	-3.82	-40	-3.22	-3.14	-4.34	-6.41	-6.95	-7.24	-6.37	-3.80
Effect of Exchange Rate Changes	-16	3.85	-14	-5.86	5.19	-	-	-	-4.64	-4.11
Cash Income Taxes Paid	26	22	42	29	0.01	0.03	15	17	17	14

This table details how cash moves in and out of Heidrick & Struggles International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-304	152	174	-63	-160	126	69	13	-151	80	-61
Net Cash From Operating Activities	-232	190	101	63	-203	154	109	47	-337	160	138
Net Cash From Continuing Operating Activities	-230	190	101	63	-203	154	109	47	-337	160	138
Net Income / (Loss) Continuing Operations	13	-15	15	-5.16	14	15	15	8.98	16	16	21
Consolidated Net Income / (Loss)	13	-15	15	-5.16	14	15	15	8.98	16	16	21
Depreciation Expense	4.85	5.21	4.95	3.91	4.79	5.08	4.74	4.82	3.87	2.78	2.58
Non-Cash Adjustments To Reconcile Net Income	2.05	46	-0.53	24	2.50	3.10	3.73	9.57	0.53	2.72	4.44
Changes in Operating Assets and Liabilities, net	-251	154	82	39	-225	131	86	24	-357	139	111
Net Cash From Investing Activities	-73	-18	69	-120	55	-33	-31	-30	228	-87	-184
Net Cash From Continuing Investing Activities	-73	-18	69	-120	55	-33	-31	-30	228	-87	-184
Purchase of Property, Plant & Equipment	-2.73	-17	6.89	-10	-6.17	-3.81	-2.81	-3.01	-3.81	-2.96	-3.94
Purchase of Investments	-119	-48	-0.35	-110	-5.40	-66	-48	-22	-6.17	-84	-181
Sale and/or Maturity of Investments	48	46	62	0.29	66	48	22	0.15	268	0.14	0.23
Net Cash From Financing Activities	-6.45	-3.33	-3.26	-4.07	-6.08	-1.12	-5.19	-4.03	-43	-3.12	-3.12
Net Cash From Continuing Financing Activities	-6.45	-3.33	-3.26	-4.07	-6.08	-1.12	-5.19	-4.03	-43	-3.12	-3.12
Repayment of Debt	-0.36	-	-	-	-	-	-	-	-	-	-
Payment of Dividends	-3.20	-3.31	-3.21	-3.18	-3.22	-3.15	-3.15	-3.12	-3.11	-3.12	-3.12
Other Financing Activities, net	-2.89	-0.02	-0.05	-0.89	-2.86	2.04	-2.04	-	-40	-	-
Effect of Exchange Rate Changes	8.12	-16	6.58	-1.43	-5.00	6.49	-4.41	0.38	1.40	9.31	-12

This table presents Heidrick & Struggles International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	1,194	1,142	1,176	1,107	788	844	701	587	582	573	569
Total Current Assets	773	693	824	745	473	0.00	451	344	298	309	318
Cash & Equivalents	516	413	355	545	316	-	280	208	165	190	211
Short-Term Investments	48	66	266	0.00	20	-	0.00	-	-	-	-
Accounts Receivable	134	133	126	134	88	-	115	99	93	76	68
Prepaid Expenses	29	24	24	22	19	-	23	22	22	19	15
Current Deferred & Refundable Income Taxes	6.47	10	11	3.21	5.86	-	3.62	3.93	4.85	4.81	5.29
Other Current Assets	40	48	41	41	23	-	30	12	14	18	12
Plant, Property, & Equipment, net	52	36	30	27	23	0.00	34	40	35	36	30
Total Noncurrent Assets	370	413	322	334	292	844	216	204	248	227	220
Long-Term Investments	58	47	34	36	31	-	19	21	17	14	14
Goodwill	138	202	138	139	92	129	122	119	152	131	122
Intangible Assets	12	21	6.33	9.17	1.13	-	2.22	2.16	21	19	21
Noncurrent Deferred & Refundable Income Taxes	42	28	34	42	36	-	35	35	33	35	35
Employee Benefit Assets	9.98	11	11	13	14	-	15	17	16	17	19
Other Noncurrent Operating Assets	109	103	97	96	117	715	22	9.00	9.32	11	8.29
Total Liabilities & Shareholders' Equity	1,194	1,142	1,176	1,107	788	0.00	701	587	582	573	569
Total Liabilities	741	679	765	771	520	0.00	433	374	323	318	324
Total Current Liabilities	483	439	588	535	318	0.00	319	266	221	229	206
Accounts Payable	25	21	15	20	8.80	-	9.17	9.82	7.95	6.15	5.49
Current Deferred Revenue	51	46	43	51	38	-	41	31	28	30	30
Current Deferred & Payable Income Tax Liabilities	14	6.06	4.08	10	1.19	-	8.24	6.92	4.62	3.44	6.68
Current Employee Benefit Liabilities	354	323	451	409	218	-	228	177	156	159	130
Other Current Liabilities	39	43	76	44	52	-	33	40	24	31	27
Total Noncurrent Liabilities	258	241	177	236	202	0.00	115	109	102	88	118
Noncurrent Deferred & Payable Income Tax Liabilities	1.62	6.40	0.00	-	-	-	-	-	-	-	-
Noncurrent Employee Benefit Liabilities	131	114	108	129	110	-	97	85	74	69	40
Other Noncurrent Operating Liabilities	126	120	69	107	92	-	17	24	28	20	55
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	453	462	411	336	268	0.00	267	213	259	255	245
Total Preferred & Common Equity	453	462	411	336	268	0.00	267	213	259	255	245
Preferred Stock	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Total Common Equity	453	462	411	336	268	0.00	267	213	259	255	245
Common Stock	261	252	247	233	231	-	227	226	230	233	232
Retained Earnings	206	210	168	101	41	-	56	-0.72	58	53	45
Treasury Stock	-0.11	-0.11	-0.19	-0.19	-8.04	-	-20	-26	-33	-40	-44
Accumulated Other Comprehensive Income / (Loss)	-14	0.13	-4.19	1.68	3.42	-	4.06	13	3.32	9.26	11

This table presents Heidrick & Struggles International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,024	1,146	1,016	965	1,041	964	891	1,073
Total Current Assets	595	683	563	512	613	523	446	720
Cash & Equivalents	212	363	190	253	286	218	205	275
Short-Term Investments	113	46	107	0.00	48	21	0.00	181
Accounts Receivable	182	186	187	173	189	198	160	191
Prepaid Expenses	34	28	28	31	28	27	32	27
Current Deferred & Refundable Income Taxes	6.96	11	7.66	5.96	11	8.40	7.19	4.35
Other Current Assets	47	49	44	49	51	51	43	42
Plant, Property, & Equipment, net	52	54	48	40	34	33	33	29
Total Noncurrent Assets	377	409	404	413	394	408	413	324
Long-Term Investments	64	59	56	55	43	44	43	32
Goodwill	139	185	183	200	198	199	198	138
Intangible Assets	11	15	16	18	23	27	25	7.00
Noncurrent Deferred & Refundable Income Taxes	44	30	29	27	34	35	34	40
Employee Benefit Assets	10	11	11	11	11	12	11	11
Other Noncurrent Operating Assets	107	109	109	102	85	92	101	96
Total Liabilities & Shareholders' Equity	1,024	1,146	1,016	965	1,041	964	891	1,073
Total Liabilities	559	662	555	497	602	536	470	689
Total Current Liabilities	350	395	307	252	392	319	260	519
Accounts Payable	23	22	20	20	19	15	17	17
Current Deferred Revenue	56	47	45	47	42	44	43	44
Current Deferred & Payable Income Tax Liabilities	17	6.89	8.59	6.19	13	8.12	5.90	5.22
Current Employee Benefit Liabilities	171	277	190	134	265	194	140	375
Other Current Liabilities	83	42	44	45	54	57	54	77
Total Noncurrent Liabilities	209	267	249	245	210	217	210	170
Noncurrent Deferred & Payable Income Tax Liabilities	1.40	5.94	5.70	5.77	7.37	7.62	7.53	-
Noncurrent Employee Benefit Liabilities	121	130	122	120	106	107	105	105
Other Noncurrent Operating Liabilities	87	131	121	119	97	102	98	65
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Total Equity & Noncontrolling Interests	465	483	461	469	439	428	421	385
Total Preferred & Common Equity	465	483	461	469	439	428	421	385
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	465	483	461	469	439	428	421	385
Common Stock	261	258	255	252	249	246	245	242
Retained Earnings	216	224	213	221	198	187	181	155
Treasury Stock	-0.11	-0.11	-0.11	-0.11	-0.11	-0.82	-0.35	-0.19
Accumulated Other Comprehensive Income / (Loss)	-12	0.94	-6.06	-3.96	-7.82	-3.82	-3.75	-12

This table displays calculated financial ratios and metrics derived from Heidrick & Struggles International's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.15%	-3.91%	7.45%	60.24%	-13.26%	-1.36%	14.94%	6.52%	9.59%	6.83%	6.70%
EBITDA Growth	-63.28%	-20.70%	-3.82%	2,633.10%	-106.44%	-6.22%	644.77%	-127.85%	18.92%	13.84%	33.58%
EBIT Growth	-78.94%	-29.89%	3.95%	434.56%	-147.59%	-4.24%	332.70%	-179.43%	18.46%	29.05%	80.97%
NOPAT Growth	-95.36%	-40.29%	15.14%	370.43%	-157.89%	-10.78%	359.35%	-229.12%	-22.25%	146.91%	1.50%
Net Income Growth	-83.96%	-31.55%	9.53%	292.46%	-180.45%	-4.92%	201.36%	-415.55%	-10.03%	152.05%	7.09%
EPS Growth	-84.35%	-32.12%	7.82%	283.59%	-181.25%	-4.76%	196.92%	-420.99%	-11.96%	148.65%	5.71%
Operating Cash Flow Growth	661.48%	-122.46%	-56.05%	1,062.17%	-70.31%	-23.57%	53.65%	7.44%	-23.26%	11.07%	66.08%
Free Cash Flow Firm Growth	179.44%	-275.37%	-63.49%	-76.92%	210.34%	-1,388.07%	-11.74%	729.33%	-206.96%	-75.67%	17.23%
Invested Capital Growth	-167.55%	74.25%	-0.03%	-144.66%	-111.88%	2,722.31%	-105.80%	-120.52%	51.84%	17.85%	-46.66%
Revenue Q/Q Growth	2.15%	1.83%	-22.23%	123.73%	35.94%	-33.57%	2.32%	1.54%	2.61%	4.34%	0.71%
EBITDA Q/Q Growth	-52.54%	4.49%	11.07%	25.39%	82.52%	15.56%	71.29%	-199.93%	12.48%	5.13%	2.87%
EBIT Q/Q Growth	-70.60%	2.40%	1.30%	5.81%	-11.66%	-0.05%	99.66%	-2,916.50%	15.17%	8.40%	5.99%
NOPAT Q/Q Growth	-92.83%	-1.81%	3.14%	-10.10%	50.73%	-25.82%	4,709.74%	-30,740.70%	-10.92%	-1.74%	-5.01%
Net Income Q/Q Growth	-77.36%	-2.14%	4.70%	10.57%	-15.35%	-1.35%	4,549.01%	-444.38%	-4.74%	2.99%	-9.81%
EPS Q/Q Growth	-77.47%	-2.24%	4.04%	9.48%	-14.71%	-0.41%	2,200.00%	-430.61%	-5.81%	3.37%	-9.76%
Operating Cash Flow Q/Q Growth	31.88%	-32.10%	-27.96%	68.54%	-43.26%	-12.97%	1,731.65%	-8.02%	-51.78%	47.31%	35.81%
Free Cash Flow Firm Q/Q Growth	40.00%	-15.10%	-34.58%	63.02%	11,708.31%	-1,247.52%	17.27%	210.09%	59.27%	-14.83%	11.68%
Invested Capital Q/Q Growth	-1,244.26%	-201.87%	-137.78%	-310.31%	-2,191.33%	1,466.47%	-146.92%	-112.53%	-48.67%	-51.62%	-56.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.20%	26.52%	25.42%	23.63%	26.50%	27.67%	28.50%	32.16%	33.42%	32.63%	34.25%
EBITDA Margin	3.14%	9.18%	11.12%	12.42%	-0.79%	10.58%	11.13%	-2.35%	8.98%	8.27%	7.77%
Operating Margin	0.67%	7.24%	10.36%	9.74%	-5.65%	8.75%	9.36%	-4.14%	5.86%	6.21%	5.19%
EBIT Margin	1.45%	7.40%	10.14%	10.48%	-5.02%	9.15%	9.43%	-4.66%	6.24%	5.78%	4.78%
Profit (Net Income) Margin	0.78%	5.23%	7.34%	7.20%	-5.99%	6.46%	6.70%	-7.60%	2.57%	3.12%	1.32%
Tax Burden Percent	28.47%	61.36%	68.98%	68.45%	120.09%	67.64%	69.93%	165.32%	40.81%	54.29%	28.10%
Interest Burden Percent	188.86%	115.08%	104.86%	100.29%	99.35%	104.34%	101.65%	98.71%	100.65%	99.61%	98.54%
Effective Tax Rate	71.53%	38.64%	31.02%	31.55%	0.00%	32.36%	30.07%	0.00%	59.19%	45.71%	71.90%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	-6.69%	10.58%	0.00%	-61.28%	22.75%	39.85%	12.23%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	-12.08%	12.02%	0.00%	-33.89%	22.21%	40.52%	12.61%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	-21.50%	24.51%	0.00%	26.56%	-16.74%	-32.99%	-9.47%
Return on Equity (ROE)	1.91%	12.47%	21.29%	24.05%	-28.18%	35.09%	34.15%	-34.72%	6.00%	6.86%	2.76%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	-98.72%	0.00%	0.00%	-18.43%	23.47%	73.09%
Operating Return on Assets (OROA)	1.39%	6.65%	9.63%	11.16%	-3.87%	8.60%	10.67%	-5.05%	6.50%	5.55%	4.38%
Return on Assets (ROA)	0.75%	4.70%	6.97%	7.66%	-4.62%	6.07%	7.59%	-8.24%	2.67%	3.00%	1.21%
Return on Common Equity (ROCE)	1.91%	12.47%	21.29%	24.05%	-28.18%	35.09%	34.15%	-34.72%	6.00%	6.86%	2.76%
Return on Equity Simple (ROE_SIMPLE)	1.93%	11.77%	19.36%	21.60%	-14.09%	0.00%	18.45%	-21.94%	5.96%	6.72%	2.78%
Net Operating Profit after Tax (NOPAT)	2.14	46	77	67	-25	43	48	-19	14	18	7.49
NOPAT Margin	0.19%	4.44%	7.15%	6.67%	-3.95%	5.92%	6.55%	-2.90%	2.39%	3.37%	1.46%
Net Nonoperating Expense Percent (NNEP)	1.15%	1.38%	0.33%	1.12%	5.39%	-1.43%	0.68%	-27.39%	0.53%	-0.67%	-0.37%
Return On Investment Capital (ROIC_SIMPLE)	0.47%	10.00%	18.86%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	74.80%	73.48%	74.58%	76.37%	73.50%	72.33%	71.50%	67.84%	66.58%	67.37%	65.75%
SG&A Expenses to Revenue	14.97%	15.03%	12.24%	12.97%	18.59%	18.35%	19.14%	23.02%	24.48%	23.29%	25.37%
R&D to Revenue	2.07%	2.18%	1.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.52%	19.28%	15.06%	13.88%	32.15%	18.91%	19.14%	36.31%	27.56%	26.42%	29.06%
Earnings before Interest and Taxes (EBIT)	16	77	110	106	-32	66	69	-30	38	32	25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	35	96	121	125	-4.95	77	82	-15	54	45	40
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.00	1.26	1.30	2.42	1.99	0.00	1.98	18.83	1.49	1.64	1.41
Price to Tangible Book Value (P/TBV)	2.99	2.44	2.01	4.31	3.04	0.00	3.70	18.83	4.48	3.99	3.39
Price to Revenue (P/Rev)	0.81	0.56	0.49	0.81	0.84	0.78	0.72	0.63	0.64	0.76	0.67
Price to Earnings (P/E)	103.61	10.74	6.73	11.19	0.00	12.09	10.71	0.00	25.01	24.44	50.64
Dividend Yield	1.35%	2.07%	2.23%	1.45%	2.19%	2.03%	1.87%	2.41%	2.51%	2.28%	2.76%
Earnings Yield	0.97%	9.31%	14.87%	8.93%	0.00%	8.27%	9.33%	0.00%	4.00%	4.09%	1.97%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.67	0.00	0.00	2.66	4.26	3.34
Enterprise Value to Revenue (EV/Rev)	0.25	0.06	0.00	0.23	0.26	0.78	0.31	0.63	0.34	0.39	0.28
Enterprise Value to EBITDA (EV/EBITDA)	8.05	0.62	0.00	1.84	0.00	7.38	2.79	0.00	3.76	4.72	3.57
Enterprise Value to EBIT (EV/EBIT)	17.41	0.77	0.00	2.19	0.00	8.53	3.30	0.00	5.41	6.76	5.79
Enterprise Value to NOPAT (EV/NOPAT)	131.80	1.28	0.00	3.43	0.00	13.19	4.75	0.00	14.12	11.57	18.98
Enterprise Value to Operating Cash Flow (EV/OCF)	1.88	0.00	0.00	0.85	7.01	7.21	2.22	6.06	3.26	2.64	1.94
Enterprise Value to Free Cash Flow (EV/FCFF)	2.62	0.00	0.00	1.09	0.18	0.00	3.54	5.54	0.00	19.65	3.18
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.12
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.10
Financial Leverage	-1.25	-1.35	-1.66	-1.57	1.78	2.04	-1.17	-0.78	-0.75	-0.81	-0.75
Leverage Ratio	2.55	2.65	3.06	3.14	6.10	5.78	4.50	4.21	2.25	2.29	2.28
Compound Leverage Factor	4.82	3.05	3.21	3.15	6.06	6.03	4.57	4.16	2.26	2.28	2.24
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.76%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.19%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	0.00%	100.00%	100.00%	100.00%	100.00%	89.24%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.74
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-5.07
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.59
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.94
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-26.98
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.14
Altman Z-Score	2.24	2.18	2.09	2.22	1.59	0.00	2.45	1.10	2.26	2.23	2.03
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.60	1.58	1.40	1.39	1.49	0.00	1.41	0.10	1.35	1.35	1.55
Quick Ratio	1.44	1.39	1.27	1.27	1.33	0.00	1.24	0.00	1.17	1.16	1.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	108	-136	78	212	920	-833	65	73	-12	11	45
Operating Cash Flow to CapEx	571.65%	-199.45%	1,071.38%	4,349.38%	318.94%	2,346.21%	0.00%	477.61%	1,164.87%	494.46%	2,177.20%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	89.27	125.03
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	665.78	204.28
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	531.13	194.90
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.96	0.90	0.95	1.06	0.77	0.94	1.13	1.08	1.04	0.96	0.92
Accounts Receivable Turnover	8.34	8.02	8.33	9.09	0.00	0.00	0.00	0.00	7.10	7.59	6.99
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	25.52	31.57	37.83	39.88	0.00	0.00	0.00	0.00	16.79	16.39	15.70
Accounts Payable Turnover	36.35	43.16	46.19	52.80	0.00	0.00	0.00	0.00	56.74	63.45	50.81
Days Sales Outstanding (DSO)	43.75	45.50	43.82	40.15	0.00	0.00	0.00	0.00	51.40	48.07	52.24
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	10.04	8.46	7.90	6.91	0.00	0.00	0.00	0.00	6.43	5.75	7.18
Cash Conversion Cycle (CCC)	33.71	37.04	35.92	33.24	0.00	0.00	0.00	0.00	44.97	42.31	45.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-169	-63	-245	-245	-100	844	-32	-16	76	50	43
Invested Capital Turnover	-9.61	-6.75	-4.42	-5.84	1.69	1.79	-30.76	21.13	9.51	11.82	8.38
Increase / (Decrease) in Invested Capital	-106	182	-0.07	-145	-944	876	-17	-92	26	7.60	-37
Enterprise Value (EV)	283	59	-121	231	164	567	229	406	203	214	142
Market Capitalization	904	585	535	812	532	567	528	406	385	419	344
Book Value per Share	$22.19	$22.97	$20.68	$17.15	$13.82	$0.00	$14.09	$1.15	$13.92	$13.86	$13.41
Tangible Book Value per Share	$14.82	$11.89	$13.39	$9.61	$9.03	($6.72)	$7.53	$1.15	$4.63	$5.71	$5.57
Total Capital	453	462	411	336	268	0.00	267	22	259	255	274
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	30
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	24
Net Debt	-622	-525	-656	-581	-368	0.00	-299	0.00	-182	-205	-202
Capital Expenditures (CapEx)	26	13	11	6.24	7.32	3.35	-5.96	14	5.35	16	3.36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-274	-224	-386	-335	-182	0.00	-148	-242	-87	-111	-99
Debt-free Net Working Capital (DFNWC)	290	255	235	211	154	0.00	132	-242	78	80	118
Net Working Capital (NWC)	290	255	235	211	154	0.00	132	-242	78	80	112
Net Nonoperating Expense (NNE)	-6.58	-8.17	-2.05	-5.31	13	-3.91	-1.14	30	-1.03	1.36	0.69
Net Nonoperating Obligations (NNO)	-622	-525	-656	-581	-368	844	-299	-37	-182	-205	-202
Total Depreciation and Amortization (D&A)	19	19	11	20	27	10	13	15	16	14	15
Debt-free, Cash-free Net Working Capital to Revenue	-24.52%	-21.48%	-35.65%	-33.17%	-28.92%	0.00%	-20.12%	-37.83%	-14.51%	-20.23%	-19.38%
Debt-free Net Working Capital to Revenue	25.99%	24.45%	21.72%	20.89%	24.54%	0.00%	17.93%	-37.83%	12.95%	14.51%	23.07%
Net Working Capital to Revenue	25.99%	24.45%	21.72%	20.89%	24.54%	0.00%	17.93%	-37.83%	12.95%	14.51%	21.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.43	$2.72	$4.02	$3.72	($1.95)	$2.45	$2.61	($2.60)	$0.83	$0.93	$0.37
Adjusted Weighted Average Basic Shares Outstanding	20.29M	20.03M	19.76M	19.52M	19.30M	19.10M	18.92M	18.74M	18.54M	18.33M	18.21M
Adjusted Diluted Earnings per Share	$0.41	$2.62	$3.86	$3.58	($1.95)	$2.40	$2.52	($2.60)	$0.81	$0.92	$0.37
Adjusted Weighted Average Diluted Shares Outstanding	21.19M	20.77M	20.62M	20.30M	19.30M	19.55M	19.53M	18.74M	19.04M	18.72M	18.43M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.41M	20.12M	19.86M	19.59M	19.36M	19.17M	18.98M	18.81M	18.67M	18.45M	18.24M
Normalized Net Operating Profit after Tax (NOPAT)	52	51	77	70	35	46	48	28	25	18	19
Normalized NOPAT Margin	4.64%	4.87%	7.15%	6.93%	5.54%	6.31%	6.55%	4.36%	4.10%	3.37%	3.64%
Pre Tax Income Margin	2.75%	8.52%	10.63%	10.51%	-4.99%	9.55%	9.58%	-4.60%	6.28%	5.75%	4.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	259.64	68.56
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	151.59	20.92
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	124.99	59.18
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	16.94	11.54
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	148.06%	23.04%	15.68%	17.05%	-31.99%	25.25%	-20.65%	-20.79%	64.59%	58.32%	145.12%
Augmented Payout Ratio	148.06%	24.70%	15.68%	17.05%	-31.99%	25.25%	-20.65%	-20.79%	64.59%	58.32%	145.12%

This table displays calculated financial ratios and metrics derived from Heidrick & Struggles International's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.82%	9.13%	5.57%	3.32%	11.14%	7.84%	3.73%	-9.08%	-15.21%	-56.48%	-2.66%
EBITDA Growth	-21.69%	-148.85%	-10.49%	-96.34%	0.78%	18.65%	-15.02%	-46.91%	-22.80%	23.51%	-7.84%
EBIT Growth	-27.50%	-185.41%	-13.78%	-121.29%	-3.75%	9.39%	-24.01%	-56.81%	-29.47%	7.91%	-15.55%
NOPAT Growth	23.08%	-227.27%	-3.00%	-140.49%	-17.92%	-6.50%	-30.76%	-69.11%	-39.43%	20.19%	-17.90%
Net Income Growth	-5.17%	-200.81%	-1.05%	-157.41%	-9.97%	-7.41%	-28.04%	-62.81%	-15.60%	28.59%	-14.99%
EPS Growth	-7.46%	-204.35%	-2.74%	-156.82%	-11.84%	-8.00%	-28.43%	-63.03%	-15.56%	25.00%	-15.70%
Operating Cash Flow Growth	-14.16%	23.64%	-7.61%	33.20%	39.64%	-4.06%	-20.94%	-43.23%	-28.54%	-22.40%	18.23%
Free Cash Flow Firm Growth	328.90%	152.78%	140.07%	124.28%	119.42%	-1,310.21%	-338.84%	-370.18%	-422.86%	-91.07%	-20.52%
Invested Capital Growth	-52.86%	-167.55%	-76.18%	-25.41%	-7.34%	74.25%	160.10%	7,664.93%	288.35%	-0.03%	-72.60%
Revenue Q/Q Growth	2.33%	-0.68%	-0.02%	5.12%	4.55%	-3.92%	-2.15%	13.08%	1.45%	-7.59%	-14.23%
EBITDA Q/Q Growth	245.18%	-154.30%	3,142.68%	-96.94%	-9.44%	-0.49%	32.59%	-15.66%	6.61%	-28.72%	-17.17%
EBIT Q/Q Growth	176.09%	-196.92%	681.51%	-116.91%	-10.36%	-2.16%	43.62%	-23.59%	1.88%	-32.04%	-18.36%
NOPAT Q/Q Growth	174.05%	-223.40%	558.07%	-129.40%	-23.43%	-5.95%	91.23%	-40.40%	-12.77%	-30.35%	-14.68%
Net Income Q/Q Growth	188.85%	-200.99%	387.55%	-136.75%	-5.54%	-0.88%	66.86%	-42.37%	-2.85%	-22.96%	-13.76%
EPS Q/Q Growth	186.11%	-201.41%	384.00%	-137.31%	-2.90%	-5.48%	65.91%	-42.11%	1.33%	-26.47%	-14.29%
Operating Cash Flow Q/Q Growth	-222.10%	88.04%	61.78%	130.73%	-232.24%	40.51%	133.22%	113.93%	-310.20%	15.80%	67.46%
Free Cash Flow Firm Q/Q Growth	9.12%	47.21%	78.93%	49.23%	113.43%	-11.76%	-8.39%	-19.37%	-936.85%	-77.94%	22.62%
Invested Capital Q/Q Growth	144.95%	-1,244.26%	-86.34%	-32.89%	355.08%	-201.87%	-57.22%	-16.64%	170.88%	-137.78%	-5,284.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.62%	24.85%	24.31%	26.62%	24.99%	29.58%	26.13%	25.41%	24.96%	26.97%	26.72%
EBITDA Margin	6.44%	-4.54%	8.30%	0.26%	8.78%	10.14%	9.79%	7.23%	9.69%	9.22%	11.95%
Operating Margin	5.65%	-8.42%	6.75%	-1.48%	6.05%	8.49%	8.26%	4.96%	7.34%	8.32%	10.97%
EBIT Margin	4.75%	-6.39%	6.55%	-1.13%	7.00%	8.17%	8.02%	5.47%	8.09%	8.05%	10.95%
Profit (Net Income) Margin	4.63%	-5.33%	5.24%	-1.82%	5.21%	5.77%	5.59%	3.28%	6.44%	6.72%	8.06%
Tax Burden Percent	75.53%	116.98%	70.29%	898.43%	61.19%	59.48%	62.46%	53.23%	68.27%	70.09%	70.52%
Interest Burden Percent	128.95%	71.30%	113.87%	18.02%	121.68%	118.79%	111.66%	112.79%	116.59%	119.11%	104.44%
Effective Tax Rate	24.47%	0.00%	29.71%	0.00%	38.81%	40.52%	37.54%	46.77%	31.73%	29.91%	29.48%
Return on Invested Capital (ROIC)	40.79%	0.00%	134.93%	-8.81%	23.60%	0.00%	0.00%	37.41%	47.68%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	40.49%	0.00%	134.60%	-8.11%	22.13%	0.00%	0.00%	36.87%	46.43%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-30.21%	0.00%	-123.40%	5.80%	-13.80%	0.00%	0.00%	-30.25%	-33.28%	0.00%	0.00%
Return on Equity (ROE)	10.58%	1.91%	11.54%	-3.01%	9.80%	12.47%	13.50%	7.15%	14.40%	21.29%	21.45%
Cash Return on Invested Capital (CROIC)	73.84%	0.00%	200.91%	53.17%	33.87%	0.00%	-190.45%	-64.73%	-54.63%	0.00%	0.00%
Operating Return on Assets (OROA)	5.42%	-6.11%	6.54%	-1.23%	8.06%	7.34%	7.76%	5.69%	9.41%	7.65%	15.09%
Return on Assets (ROA)	5.28%	-5.09%	5.24%	-1.98%	6.00%	5.19%	5.41%	3.41%	7.49%	6.38%	11.11%
Return on Common Equity (ROCE)	10.58%	1.91%	11.54%	-3.01%	9.80%	12.47%	13.50%	7.15%	14.40%	21.29%	21.45%
Return on Equity Simple (ROE_SIMPLE)	1.72%	0.00%	7.98%	8.40%	11.28%	0.00%	12.66%	14.34%	18.19%	0.00%	19.74%
Net Operating Profit after Tax (NOPAT)	12	-17	13	-2.93	9.96	13	14	7.23	12	14	20
NOPAT Margin	4.26%	-5.89%	4.74%	-1.04%	3.70%	5.05%	5.16%	2.64%	5.01%	5.83%	7.73%
Net Nonoperating Expense Percent (NNEP)	0.30%	0.27%	0.34%	-0.70%	1.47%	0.31%	0.27%	0.54%	1.25%	0.35%	0.20%
Return On Investment Capital (ROIC_SIMPLE)	2.64%	-3.66%	-	-	-	2.81%	-	-	-	3.39%	-
Cost of Revenue to Revenue	76.38%	75.15%	75.69%	73.38%	75.01%	70.42%	73.87%	74.59%	75.04%	73.04%	73.29%
SG&A Expenses to Revenue	14.41%	14.04%	14.05%	16.42%	15.37%	17.13%	14.02%	14.80%	14.18%	14.87%	12.46%
R&D to Revenue	2.22%	2.16%	2.01%	1.98%	2.12%	2.31%	2.08%	2.07%	2.28%	2.54%	2.09%
Operating Expenses to Revenue	17.98%	33.27%	17.57%	28.09%	18.94%	21.08%	17.87%	20.44%	17.62%	18.65%	15.75%
Earnings before Interest and Taxes (EBIT)	14	-18	19	-3.19	19	21	21	15	20	19	28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	19	-13	23	0.72	24	26	26	20	23	22	31
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.88	2.00	1.63	1.38	1.43	1.26	1.12	1.21	1.39	1.30	1.28
Price to Tangible Book Value (P/TBV)	2.78	2.99	2.79	2.44	2.68	2.44	2.25	2.55	2.95	2.01	2.06
Price to Revenue (P/Rev)	0.77	0.81	0.72	0.59	0.63	0.56	0.48	0.51	0.56	0.49	0.35
Price to Earnings (P/E)	109.24	103.61	20.48	16.45	12.71	10.74	8.83	8.42	7.64	6.73	6.49
Dividend Yield	1.40%	1.35%	1.54%	1.91%	1.80%	2.07%	2.44%	2.32%	2.04%	2.23%	2.40%
Earnings Yield	0.92%	0.97%	4.88%	6.08%	7.87%	9.31%	11.32%	11.88%	13.10%	14.87%	15.41%
Enterprise Value to Invested Capital (EV/IC)	6.39	0.00	21.74	2.63	2.26	0.00	1.84	1.61	1.94	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.43	0.25	0.29	0.26	0.34	0.06	0.11	0.23	0.32	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	16.19	8.05	4.34	3.70	3.80	0.62	1.25	2.43	2.97	0.00	0.05
Enterprise Value to EBIT (EV/EBIT)	43.91	17.41	5.81	4.88	4.77	0.77	1.51	2.85	3.32	0.00	0.05
Enterprise Value to NOPAT (EV/NOPAT)	205.28	131.80	10.74	9.33	8.28	1.28	2.42	4.41	4.87	0.00	0.07
Enterprise Value to Operating Cash Flow (EV/OCF)	3.99	1.88	2.81	2.32	3.41	0.00	0.00	26.86	7.60	0.00	0.03
Enterprise Value to Free Cash Flow (EV/FCFF)	5.54	2.62	4.16	4.22	6.42	0.00	0.00	0.00	0.00	0.00	0.04
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.75	-1.25	-0.92	-0.72	-0.62	-1.35	-1.05	-0.82	-0.72	-1.66	-1.23
Leverage Ratio	2.13	2.55	2.37	2.23	2.09	2.65	2.57	2.44	2.32	3.06	2.86
Compound Leverage Factor	2.75	1.82	2.70	0.40	2.54	3.15	2.87	2.76	2.70	3.64	2.98
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.67	2.15	2.30	2.33	2.63	2.01	2.06	2.21	2.52	1.84	2.24
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.70	1.60	1.73	1.84	2.03	1.58	1.56	1.64	1.72	1.40	1.39
Quick Ratio	1.45	1.44	1.51	1.58	1.69	1.39	1.34	1.37	1.40	1.27	1.25
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	97	89	61	34	23	-169	-151	-140	-117	14	63
Operating Cash Flow to CapEx	-8,493.93%	1,141.04%	0.00%	603.20%	-3,295.38%	4,033.17%	3,902.82%	1,561.54%	-8,850.60%	5,420.42%	3,514.31%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.14	0.96	1.00	1.09	1.15	0.90	0.97	1.04	1.16	0.95	1.38
Accounts Receivable Turnover	6.39	8.34	5.81	5.60	6.41	8.02	5.38	4.91	6.01	8.33	7.49
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	24.55	25.52	24.95	26.35	29.28	31.57	32.28	33.41	34.86	37.83	55.45
Accounts Payable Turnover	39.75	36.35	39.76	45.07	42.73	43.16	41.87	46.98	46.23	46.19	48.18
Days Sales Outstanding (DSO)	57.15	43.75	62.78	65.23	56.90	45.50	67.89	74.27	60.76	43.82	48.73
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	9.18	10.04	9.18	8.10	8.54	8.46	8.72	7.77	7.89	7.90	7.58
Cash Conversion Cycle (CCC)	47.96	33.71	53.60	57.13	48.36	37.04	59.17	66.50	52.87	35.92	41.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	76	-169	15	108	161	-63	62	145	174	-245	-103
Invested Capital Turnover	9.57	-9.61	28.45	8.51	6.38	-6.75	-49.67	14.16	9.51	-4.42	-17.10
Increase / (Decrease) in Invested Capital	-85	-106	-47	-37	-13	182	165	147	129	-0.07	-43
Enterprise Value (EV)	485	283	321	284	364	59	114	234	338	-121	4.94
Market Capitalization	874	904	790	637	672	585	491	517	585	535	493
Book Value per Share	$22.79	$22.19	$23.79	$22.76	$23.30	$22.97	$21.95	$21.39	$21.20	$20.68	$19.48
Tangible Book Value per Share	$15.40	$14.82	$13.92	$12.91	$12.44	$11.89	$10.92	$10.12	$9.98	$13.39	$12.13
Total Capital	465	453	483	461	469	462	439	428	421	411	385
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-389	-622	-469	-353	-308	-525	-377	-283	-247	-656	-488
Capital Expenditures (CapEx)	2.73	17	-6.89	10	6.17	3.81	2.81	3.01	3.81	2.96	3.94
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-79	-274	-122	-40	7.32	-224	-113	-34	-19	-386	-254
Debt-free Net Working Capital (DFNWC)	246	290	288	257	260	255	221	205	186	235	202
Net Working Capital (NWC)	246	290	288	257	260	255	221	205	186	235	202
Net Nonoperating Expense (NNE)	-1.05	-1.58	-1.42	2.23	-4.07	-1.85	-1.16	-1.75	-3.45	-2.13	-0.85
Net Nonoperating Obligations (NNO)	-389	-622	-469	-353	-308	-525	-377	-283	-247	-656	-488
Total Depreciation and Amortization (D&A)	4.85	5.21	4.95	3.91	4.79	5.08	4.74	4.82	3.87	2.78	2.58
Debt-free, Cash-free Net Working Capital to Revenue	-6.97%	-24.52%	-11.15%	-3.73%	0.69%	-21.48%	-11.03%	-3.40%	-1.78%	-35.65%	-18.26%
Debt-free Net Working Capital to Revenue	21.66%	25.99%	26.34%	23.83%	24.36%	24.45%	21.63%	20.20%	17.90%	21.72%	14.46%
Net Working Capital to Revenue	21.66%	25.99%	26.34%	23.83%	24.36%	24.45%	21.63%	20.20%	17.90%	21.72%	14.46%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.65	($0.75)	$0.73	($0.25)	$0.70	$0.74	$0.75	$0.45	$0.78	$0.81	$1.05
Adjusted Weighted Average Basic Shares Outstanding	20.46M	20.29M	20.36M	20.26M	20.14M	20.03M	20.08M	20.01M	19.90M	19.76M	19.82M
Adjusted Diluted Earnings per Share	$0.62	($0.72)	$0.71	($0.25)	$0.67	$0.69	$0.73	$0.44	$0.76	$0.75	$1.02
Adjusted Weighted Average Diluted Shares Outstanding	21.32M	21.19M	21.02M	20.26M	21.04M	20.77M	20.55M	20.64M	20.57M	20.62M	20.41M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.62M	20.41M	20.41M	20.32M	20.25M	20.12M	20.12M	20.01M	20.03M	19.86M	19.86M
Normalized Net Operating Profit after Tax (NOPAT)	12	-17	13	13	9.96	13	14	11	12	14	20
Normalized NOPAT Margin	4.26%	-5.89%	4.74%	4.70%	3.70%	5.05%	5.16%	4.05%	5.01%	5.83%	7.73%
Pre Tax Income Margin	6.13%	-4.56%	7.46%	-0.20%	8.52%	9.70%	8.96%	6.16%	9.43%	9.59%	11.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	161.25%	148.06%	33.10%	32.80%	23.92%	23.04%	22.49%	20.31%	16.26%	15.68%	16.85%
Augmented Payout Ratio	161.25%	148.06%	33.10%	32.80%	23.92%	24.70%	24.12%	21.78%	16.26%	15.68%	16.85%

Frequently Asked Questions About Heidrick & Struggles International's Financials

When does Heidrick & Struggles International's fiscal year end?

According to the most recent income statement we have on file, Heidrick & Struggles International's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Heidrick & Struggles International's net income changed over the last 10 years?

Heidrick & Struggles International's net income appears to be on an upward trend, with a most recent value of $8.73 million in 2024, rising from $6.80 million in 2014. The previous period was $54.41 million in 2023. See where experts think Heidrick & Struggles International is headed by visiting Heidrick & Struggles International's forecast page.

What is Heidrick & Struggles International's operating income?

Heidrick & Struggles International's total operating income in 2024 was $7.53 million, based on the following breakdown:

Total Gross Profit: $281.10 million
Total Operating Expenses: $273.57 million

How has Heidrick & Struggles International revenue changed over the last 10 years?

Over the last 10 years, Heidrick & Struggles International's total revenue changed from $513.24 million in 2014 to $1.12 billion in 2024, a change of 117.4%.

How much debt does Heidrick & Struggles International have?

Heidrick & Struggles International's total liabilities were at $741.37 million at the end of 2024, a 9.1% increase from 2023, and a 128.8% increase since 2014.

How much cash does Heidrick & Struggles International have?

In the past 10 years, Heidrick & Struggles International's cash and equivalents has ranged from $0.00 in 2019 to $545.23 million in 2021, and is currently $515.63 million as of their latest financial filing in 2024.

How has Heidrick & Struggles International's book value per share changed over the last 10 years?

Over the last 10 years, Heidrick & Struggles International's book value per share changed from 13.41 in 2014 to 22.19 in 2024, a change of 65.4%.

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This page (NASDAQ:HSII) was last updated on 5/30/2025 by MarketBeat.com Staff

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Heidrick & Struggles International (HSII) Financials

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Heidrick & Struggles International (HSII) Financials

Annual Income Statements for Heidrick & Struggles International

Quarterly Income Statements for Heidrick & Struggles International

Annual Cash Flow Statements for Heidrick & Struggles International

Quarterly Cash Flow Statements for Heidrick & Struggles International

Annual Balance Sheets for Heidrick & Struggles International

Quarterly Balance Sheets for Heidrick & Struggles International

Annual Metrics And Ratios for Heidrick & Struggles International

Quarterly Metrics And Ratios for Heidrick & Struggles International

Frequently Asked Questions About Heidrick & Struggles International's Financials

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