Heidrick & Struggles International (HSII) Financials

$40.17 -0.33 (-0.82%)

As of 11:30 AM 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	6.80	17	15	-49	49	47	-38	73	79	54	8.73
Consolidated Net Income / (Loss)	6.80	17	15	-49	49	47	-38	73	79	54	8.73
Net Income / (Loss) Continuing Operations	6.80	17	15	-49	49	47	-38	73	79	54	8.73
Total Pre-Tax Income	24	32	38	-29	70	69	-31	106	115	89	31
Total Operating Income	27	34	35	-27	69	64	-36	98	112	75	7.53
Total Gross Profit	176	179	201	206	210	201	167	238	275	276	281
Total Revenue	513	548	601	640	736	726	629	1,008	1,084	1,041	1,116
Operating Revenue	513	548	601	640	736	726	629	1,008	1,084	1,041	1,116
Total Cost of Revenue	337	369	400	434	526	525	463	770	808	765	835
Operating Cost of Revenue	337	369	400	434	526	525	463	770	808	765	835
Total Operating Expenses	149	145	166	232	141	137	202	140	163	201	274
Selling, General & Admin Expense	130	128	147	147	141	133	117	131	133	156	167
Research & Development Expense	-	-	-	-	-	-	0.00	0.00	20	23	23
Other Operating Expenses / (Income)	19	17	19	19	-	-	-	5.47	10	14	17
Impairment Charge	-	0.00	0.00	51	0.00	0.00	33	0.00	0.00	7.25	59
Restructuring Charge	-	0.00	0.00	16	0.00	4.13	52	3.79	0.00	0.00	6.94
Total Other Income / (Expense), net	-2.47	-2.51	2.53	-2.90	1.64	5.78	4.13	7.77	2.97	13	23
Interest & Investment Income	-	-	-	-	-	-	-	-	5.34	12	14
Other Income / (Expense), net	-2.11	-2.39	2.29	-3.28	0.49	2.90	3.93	7.46	-2.37	1.70	8.70
Income Tax Expense	17	14	22	19	21	22	6.31	33	36	34	22
Basic Earnings per Share	$0.37	$0.93	$0.83	($2.60)	$2.61	$2.45	($1.95)	$3.72	$4.02	$2.72	$0.43
Weighted Average Basic Shares Outstanding	18.21M	18.33M	18.54M	18.74M	18.92M	19.10M	19.30M	19.52M	19.76M	20.03M	20.29M
Diluted Earnings per Share	$0.37	$0.92	$0.81	($2.60)	$2.52	$2.40	($1.95)	$3.58	$3.86	$2.62	$0.41
Weighted Average Diluted Shares Outstanding	18.43M	18.72M	19.04M	18.74M	19.53M	19.55M	19.30M	20.30M	20.62M	20.77M	21.19M
Weighted Average Basic & Diluted Shares Outstanding	18.40M	18.40M	18.60M	18.70M	985.90M	19.17M	19.36M	19.59M	19.86M	20.12M	20.41M
Cash Dividends to Common per Share	$0.52	$0.52	$0.52	$0.52	$0.52	$0.60	$0.60	$0.60	$0.60	$0.60	$0.60

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Heidrick & Struggles International's Financials

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

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

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 4/11/2025 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

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Quarterly Cash Flow Statements for Heidrick & Struggles International

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Quarterly Balance Sheets for Heidrick & Struggles International

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