Heritage Global Inc. (HGBL) vs Innventure, Inc. (INV)

A side-by-side comparison of Heritage Global Inc. and Innventure, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

HGBL

Heritage Global Inc.

$45M

$1.30Financial ServicesDelayed quote: Oct 6, 2026, 10:23 AM EDT

INV

Innventure, Inc.

$43M

$0.54Financial ServicesDelayed quote: Oct 6, 2026, 10:25 AM EDT

Total return — HGBL vs INV

growth of $100 · dividends reinvested · last 5y

HGBL -19.8% (-4.3%/yr)INV -94.8% (-44.7%/yr)HGBL compounded faster over this window

Log scale — wide-divergence pair

HGBL INV

HGBL vs INV: by the numbers

•HGBL is the larger company ($45M vs $43M market cap).
•Both run net losses; HGBL's is the smaller (-29.63% vs -3019.99% net margin).

Metrics side by side

Valuation

Metric	HGBL	INV
P/S ratio	0.94	11.52
P/B ratio	0.87	0.20
EV / EBITDA	27.59	N/A

Profitability

Metric	HGBL	INV
Gross margin	27.08%	-1910.51%
Operating margin	10.96%	-5746.21%
Net margin	-29.63%	-3019.99%
ROE	-27.52%	-53.27%
ROIC	0.30%	-22.37%

Growth (annualized)

Metric	HGBL	INV
Revenue CAGR (5Y)	11.40%	N/A
EPS CAGR (5Y)	-20.76%	N/A
Total return CAGR (5Y)	-8.07%	N/A

Go deeper

Full HGBL analysis Full INV analysis Interactive comparison tool

Dig into the metrics

Heritage Global ROE Innventure ROE Heritage Global operating margin Innventure operating margin Heritage Global revenue growth Innventure revenue growth Heritage Global free cash flow Innventure free cash flow

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.