Heidrick & Struggles International, Inc.
Description
Heidrick & Struggles International, Inc., together with its subsidiaries, provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide. It enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives. The company also offers on-demand services to provide clients with independent talent, including professionals with industry and functional expertise for interim leadership roles and critical, and project-based initiatives; and consulting services, including leadership assessment and development, team and organization acceleration, digital acceleration and innovation, diversity and inclusion advisory services, and culture shaping services. It provides its services to Fortune 1000 companies; major U.S. and non-U.S. companies; middle market and emerging growth companies; private equity firms; governmental, higher education, and not-for-profit organizations; and other private and public entities. Heidrick & Struggles International, Inc. was founded in 1953 and is headquartered in Chicago, Illinois.
About
CEO
Mr. Thomas L. Monahan III
Employees
2,196
Instrument type
Common Stock
Sector
Industrials
Industry
Staffing & Employment Services
MIC code
XNGS
Address
233 South Wacker Drive Willis Tower, Chicago, IL 60606-6303, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 3, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| May 6, 2025 | — | — | — | — |
| Feb 24, 2025 | 0.64 | — | — | — |
| Nov 5, 2024 | 0.68 | 0.72 | 0.04 | 5.88% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 2 | — | 3 |
| Average estimate | — | 0.68 | — | 2.90 |
| Low estimate | — | 0.65 | — | 2.63 |
| High estimate | — | 0.70 | — | 3.31 |
| Last year EPS | — | 0.67 | — | 2.68 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-12.960%
Next qtr. (Mar 2025)
0.750%
Current year
-7.790%
Next year (Dec 2025)
7.950%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.04B | 1.08B | 1.01B | 629.37M | 725.61M |
| Cost of revenue | 765.07M | 808.11M | 770.20M | 454.82M | 506.17M |
| Gross profit | 276.11M | 275.48M | 238.28M | 174.55M | 219.45M |
| Operating expense | |||||
| Research & development | 22.70M | 20.41M | — | — | — |
| Selling general and admin | 156.49M | 132.68M | 130.75M | 124.74M | 151.81M |
| Other operating expenses | 14.32M | 10.12M | 5.47M | — | — |
| Operating income | 82.60M | 112.27M | 102.06M | 49.81M | 67.64M |
| Non operating interest income | |||||
| Income | — | 5.34M | 302,000 | 204,000 | — |
| Expense | — | — | — | — | — |
| Other income expense | -5.55M | -2.37M | 3.67M | -81.42M | -1.23M |
| Pretax income | 88.67M | 115.24M | 106.03M | -31.40M | 69.29M |
| Tax provision | 34.26M | 35.75M | 33.46M | 6.31M | 22.42M |
| Net income | 54.41M | 79.49M | 72.57M | -37.71M | 46.87M |
| Basic EPS | 2.72 | 4.02 | 3.72 | -1.95 | 2.45 |
| Diluted EPS | 2.62 | 3.86 | 3.58 | -1.95 | 2.40 |
| Basic average shares | 20.03M | 19.76M | 19.52M | 19.30M | 19.10M |
| Diluted average shares | 20.03M | 19.76M | 19.52M | 19.30M | 19.10M |
| EBITDA | 108.36M | 122.87M | 125.41M | 161.81M | 82.14M |
| Net income from continuing op. | 54.41M | 79.49M | 72.57M | -37.71M | 46.87M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 1.14B | 1.18B | 1.11B | 787.81M | 844.17M |
| Current assets | |||||
| Cash | 221.98M | 247.20M | 265.23M | 230.49M | 177.49M |
| Cash equivalents | 190.64M | 108.25M | 279.99M | 85.98M | 94.23M |
| Cash and cash equivalents | 412.62M | 355.45M | 545.23M | 316.47M | 271.72M |
| Other short term investments | 65.54M | 266.17M | — | 20.00M | 61.15M |
| Accounts receivable | 133.13M | 126.44M | 133.75M | 88.12M | 109.16M |
| Other receivables | — | 35.29M | 36.94M | 19.65M | 22.26M |
| Inventory | — | — | — | — | — |
| Prepaid assets | 23.60M | 24.10M | 21.75M | 18.96M | 20.19M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 47.92M | 40.72M | 4.51M | 3.63M | 5.59M |
| Non current assets | |||||
| Properties | 86.06M | 71.46M | 72.32M | 92.67M | 99.39M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 53.57M | 44.41M | 39.23M | 40.36M | 45.27M |
| Construction in progress | — | — | — | — | — |
| Leases | 45.05M | 40.83M | 42.25M | 40.32M | 47.27M |
| Accumulated depreciation | -62.87M | -55.03M | -54.39M | -57.19M | -63.89M |
| Goodwill | 425.35M | 283.06M | 286.22M | 184.42M | 255.60M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 20.84M | 6.33M | 9.17M | 1.13M | 1.94M |
| Investments and advances | — | — | — | — | 25.41M |
| Other non current assets | 45.08M | 59.78M | 65.55M | 60.40M | 53.50M |
| Total liabilities | 679.31M | 764.99M | 770.78M | 520.21M | 535.06M |
| Current liabilities | |||||
| Accounts payable | 20.84M | 14.61M | 20.37M | 8.80M | 8.63M |
| Accrued expenses | 322.74M | 451.16M | 409.03M | 217.91M | 234.31M |
| Short term debt | 21.50M | 19.55M | 19.33M | 28.98M | 30.96M |
| Deferred revenue | 45.73M | 43.06M | 51.40M | 38.05M | 41.27M |
| Tax payable | 6.06M | 4.08M | 10.00M | 1.19M | 3.93M |
| Pensions | — | — | — | — | — |
| Other current liabilities | 21.82M | 56.02M | 24.55M | 23.31M | 26.25M |
| Non current liabilities | |||||
| Long term debt | 78.20M | 63.30M | 65.63M | 86.82M | 79.39M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 6.40M | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 41.81M | 5.29M | 41.09M | 4.74M | 4.63M |
| Shareholders equity | |||||
| Common stock | 201,000 | 199,000 | 196,000 | 196,000 | 196,000 |
| Retained earnings | 210.07M | 168.20M | 101.18M | 40.98M | 91.08M |
| Other shareholders equity | 129,000 | -4.19M | 1.68M | 3.42M | 3.82M |
| Total shareholders equity | 462.28M | 410.65M | 336.02M | 267.60M | 309.12M |
| Additional paid in capital | 251.99M | 246.63M | 233.16M | 231.05M | 228.81M |
| Treasury stock | 110,000 | 191,000 | 191,000 | 8.04M | 14.80M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||
| Net Income | 54.41M | 79.49M | 72.57M | -37.71M | 46.87M | 49.30M | -48.64M | 15.41M | 17.13M | 6.80M | 6.35M | 6.24M | -33.72M | 7.49M | -20.91M | 39.07M | 56.46M | 34.24M | 39.22M | 82.31M | -80.67M | -40.16M | -42.93M | 19.42M | 5.80M | -17.20M |
| Depreciation | 18.51M | 10.60M | 19.56M | 26.66M | 10.37M | 12.52M | 14.77M | 16.43M | 13.70M | 15.31M | 16.28M | 10.80M | 10.26M | 11.58M | 11.27M | 10.54M | 11.28M | 10.38M | 11.25M | 13.19M | 14.07M | 15.26M | 22.16M | 19.06M | 10.60M | 4.00M |
| Deferred Taxes | 11.90M | 7.09M | -7.48M | -1.68M | 1.64M | -3.50M | -1.69M | 2.39M | -1.17M | 237,000 | -3.75M | 2.33M | 10.57M | 7.09M | -10.11M | 11.96M | -21.99M | -9.61M | -13.13M | -10.55M | 59.33M | -12.03M | -12.39M | -12.67M | 2.00M | -2.20M |
| Stock-Based Compensation | 10.83M | 16.69M | 12.76M | 10.20M | 10.30M | 8.95M | 4.94M | 6.39M | 5.07M | 3.58M | 3.75M | 4.20M | 5.50M | 7.77M | 19.02M | 24.77M | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 1.55M | 820,000 | 486,000 | — | 668,000 | 1.29M | 1.04M | 635,000 | 1.29M | 1.71M | 1.08M | -8.32M | 8.85M | -2.89M | 4.31M | — | 28.64M | 25.35M | — | — | — | — | — | — | -100,000 | -100,000 |
| Accounts Receivable | 6.91M | 4.52M | -36.82M | 22.64M | 6.90M | -16.76M | -1.88M | -14.43M | -8.71M | 217,000 | -3.16M | 6.29M | 10.82M | -17.21M | 7.79M | 2.93M | 4.24M | -11.88M | -4.86M | -3.83M | -978,000 | 17.22M | 50.33M | -26.44M | -23.30M | -2.90M |
| Accounts Payable | -131,000 | -5.73M | -332,000 | 451,000 | -994,000 | -526,000 | 1.47M | 941,000 | 810,000 | -2.11M | -504,000 | -471,000 | -732,000 | 2.20M | -566,000 | -349,000 | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 8.57M | -22.22M | -11.82M | -7.92M | -460,000 | -7.38M | 14.08M | 278,000 | -3.35M | 1.25M | 11.73M | 16.73M | -942,000 | 914,000 | 1.55M | -5.40M | 28.35M | 58.51M | 4.56M | 9.28M | 9.40M | -3.16M | -91.56M | 77.58M | 43.30M | 6.60M |
| Operating Cash Flow | 112.56M | 91.26M | 48.93M | 12.64M | 75.30M | 43.89M | -15.90M | 28.06M | 24.76M | 26.99M | 31.77M | 37.80M | 10.61M | 16.95M | 12.34M | 83.52M | 106.98M | 106.99M | 37.03M | 90.39M | 1.16M | -22.87M | -74.39M | 76.95M | 38.30M | -11.80M |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -8.00M | -5.52M | -6.14M | -6.02M | -5.81M | -5.20M | -24.06M | -17.89M | -23.00M | -20.10M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -49.86M | — | -33.52M | — | -3.52M | -3.08M | -364,000 | -27.72M | -10.31M | — | -1.02M | -52.73M | -3.93M | -554,000 | -15.45M | -13.24M | -1.28M | -36.02M | — | — | — | — | -2.40M | -15.65M | — | — |
| Purchase of Investments | -140.98M | -269.82M | -2.32M | -118.90M | -130.41M | -2.20M | -2.27M | -2.48M | -1.53M | -963,000 | -749,000 | -1.12M | -986,000 | -1.05M | -1.30M | -3.15M | -155.98M | -191.62M | -112.60M | -156.50M | -76.20M | — | — | -23.42M | — | — |
| Sale of Investments | 337.87M | 1.36M | 20.82M | 158.85M | 67.97M | 3.00M | 1.40M | 535,000 | 758,000 | 1.08M | 252,000 | 137,000 | 83,000 | 292,000 | — | 23.07M | 207.52M | 118.70M | 238.89M | 201.41M | 61.50M | 1.46M | 2.15M | 7.16M | 800,000 | — |
| Investing Cash Flow | 147.03M | -268.47M | -15.02M | 39.95M | -65.96M | -2.29M | -1.23M | -22.43M | -11.08M | 68,000 | -1.49M | -59.75M | -5.68M | 1.31M | -11.61M | 6.82M | 40.23M | -122.25M | 101.96M | -15.72M | -20.97M | -3.95M | -22.75M | -46.04M | -14.10M | -21.50M |
| Financing Activities | ||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | 100.00M | — | 20.00M | 40.00M | — | — | — | 40.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | — | -100.00M | — | -20.00M | -40.00M | — | -29.50M | -6.00M | -4.50M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -40.09M | -3.22M | -3.14M | -4.34M | -6.41M | -6.81M | -6.95M | -7.24M | -6.85M | -3.80M | -1.07M | -2.03M | -2.85M | -4.59M | -3.39M | -8.76M | 7.94M | 4.16M | — | — | — | — | — | — | -100,000 | 100,000 |
| Financing Cash Flow | -53.53M | -15.69M | -15.52M | -16.40M | -18.24M | -16.99M | -17.06M | -17.19M | -75.84M | -19.66M | 27.17M | -15.15M | -12.58M | -14.28M | -12.72M | -65.59M | -42.75M | -37.43M | -27.59M | 6.07M | -1.51M | 809,000 | -27.05M | 66.64M | 61.10M | 4.90M |
| Other Cash Details | ||||||||||||||||||||||||||
| End Cash Position | 412.62M | 355.49M | 545.26M | 316.49M | 271.72M | 280.26M | 208.16M | 165.57M | 190.45M | 211.35M | 181.65M | 117.61M | 185.39M | 181.12M | 123.03M | 234.53M | 260.58M | 147.44M | 203.69M | 98.43M | 79.04M | 110.22M | 108.73M | 184.84M | 76.80M | 11.50M |
| Income Tax Paid | 22.14M | 41.91M | 28.62M | 12.15M | 27.34M | 22.62M | 14.81M | 16.82M | -16.94M | 14.18M | 6.65M | 8.19M | 14.01M | 5.52M | 4.78M | 22.54M | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | 761,000 | — | 67,000 | 193,000 | 41,000 | -442,000 | 861,000 | 879,000 | 21,000 | 4,000 | 10,000 | 12,000 | 58,000 | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | -40.23M | 108.15M | 265.16M | 16.03M | 75.29M | 96.94M | 52.95M | 16.57M | 41.16M | 53.41M | 40.30M | 4.99M | 26.76M | 66.73M | -85.00M | 37.85M | 97.81M | 94.24M | 27.29M | 19.64M | 4.60M | 829,000 | -44.55M | 71.47M | 31.80M | -19.10M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | Nov 30, 2024 | 1,312,094 | 60.26M | 6.43% |
| Pacer Small Cap U.S. Cash Cows 100 ETF | Oct 31, 2024 | 913,070 | 41.94M | 4.47% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 608,181 | 27.93M | 2.98% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 579,758 | 26.63M | 2.84% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 327,667 | 15.05M | 1.61% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 281,972 | 12.95M | 1.38% |
| iShares S&P Smallcap 600 Value ETF | Nov 30, 2024 | 208,454 | 9.57M | 1.02% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 206,371 | 9.48M | 1.01% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 202,375 | 9.30M | 0.99% |
| SPDR Portfolio S&P 600 Small Cap ETF | Nov 30, 2024 | 185,754 | 8.53M | 0.91% |
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