Heidrick & Struggles International, Inc.

NASDAQ•HSII

CEO: Ms. Tracey Heaton J.D.

Sector: Industrials

Industry: Staffing & Employment Services

Listing Date: 1999-04-27

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.

Contact Information

233 South Wacker Drive Willis Tower, Suite 4900, Chicago, IL, 60606-6303, United States

312-496-1200

www.heidrick.com

Market Cap

$1.23B

P/E (TTM)

33.9

20.3

Dividend Yield

1.0%

52W High

$59.05

52W Low

$36.87

52W Range

100%

Rank42Top 47.5%

3.9

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.9 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$322.84M+14.15%

4-Quarter Trend

EPS

$0.85+16.44%

4-Quarter Trend

FCF

$129.18M+19.57%

4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Revenue Increased 12.3% Nine months net revenue reached $923.7M, up $101.3M, driven by strong Executive Search confirmation growth.

Net Income More Than Doubled Net income for nine months totaled $52.0M, significantly exceeding $23.7M reported in the prior year period.

Adjusted EBITDA Grew 14.2% Adjusted EBITDA for nine months was $97.2M, improving 14.2% compared to $85.1M last year.

Strong Liquidity Position Maintained Total cash, equivalents, and restricted cash ended at $454.9M, reflecting healthy operational cash generation through September 30, 2025.

Risk Factors

Prior Goodwill Impairment Noted $16.2M impairment charges recorded in 9M 2024, primarily impacting On-Demand Talent reporting unit performance.

Merger Closing Conditions Pending Proposed merger completion relies on stockholder approval and regulatory clearance; failure risks adverse stock price impact.

Restrictive Merger Covenants Apply Pending merger limits strategic financing activities and operational changes without Parent company consent until closing.

Credit Loss Provision Increased Provision for credit losses rose to $7.8M for nine months 2025, indicating higher potential client default exposure.

Outlook

Merger Transaction Details Finalized Common stock conversion set at $59.00 cash per share upon closing of the proposed acquisition transaction.

Executive Search Growth Drivers Focus remains on increasing average revenue per search and consultant productivity across all practice groups.

Continued R&D Investment Consolidated R&D expense increased 10.9% to $18.8M for 9M 2025, supporting technology-enabled product development.

No New Tax Legislation Impact Evaluating new tax law changes effective 2025, but management currently expects no material impact on operations.

Peer Comparison

Revenue (TTM)

MAN

$17.96B

+0.6%

ALGT

$2.61B

+3.7%

PRG

$2.46B

-0.2%

Gross Margin (Latest Quarter)

EVLV

48.4%

-8.1pp

WLDN

36.0%

+4.3pp

PRG

35.2%

+66.2pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
GRC	$1.52B	28.6	13.3%	38.1%
ALGT	$1.38B	-30.5	-4.2%	44.3%
LNN	$1.33B	18.2	14.0%	16.4%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

4.7%

Moderate Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:May 4, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data