HSII on NASDAQ

Heidrick & Struggles

Executive search and consultancy company.1

Price unavailable

Last updated Oct 18, 2026.

Overview

1953Founded1

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  • TickerHSII on NASDAQ1
  • Industryexecutive search1
  • HeadquartersWillis Tower1
  • Founded inChicago1
  • Websitewww.heidrick.com
  • Legal formDelaware corporation1
  • Incorporated inDE3
  • Business address233 S Wacker Drive, Suite 4900, Chicago, Il 60606-63033
  • Filer categoryAccelerated filer3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

0.7%Operating margin4
0.8%Net margin4
7.0%Revenue growth, 20244
1.9%Return on equity4
$124.1MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue11¢$119.0M
  • Research and development2¢$23.1M
  • Other costs84¢$925.9M
  • Income tax2¢$21.9M
  • Profit1¢$8.7M

Out of $1.1B in revenue.4

Where each dollar of operating cash went, fiscal 2024

  • Capital spending17¢$26.3M
  • Dividends paid9¢$12.9M
  • Kept or used elsewhere74¢$111.2M

Out of $150.4M of cash from operations.4

Financial statements

Revenue5674$1.1B in 2024+53% since 2018
0$500.0M$1.0B$1.5B2018: $716.0M$716.0M20182019: $706.9M$706.9M2019−1%2020: $621.6M$621.6M2020−12%2021: $1.0B$1.0B2021+61%2022: $1.1B$1.1B2022+7%2023: $1.0B$1.0B2023−4%2024: $1.1B$1.1B2024+7%
Operating income56874$7.5M in 2024−89% since 2018
-$50.0M0$50.0M$100.0M$150.0M2018: $68.9M$68.9M20182019: $63.5M$63.5M2019−8%2020: -$35.5M-$35.5M20202021: $98.3M$98.3M20212022: $112.3M$112.3M2022+14%2023: $75.4M$75.4M2023−33%2024: $7.5M$7.5M2024−90%
Net income56874$8.7M in 2024−82% since 2018
-$50.0M0$50.0M$100.0M2018: $49.3M$49.3M20182019: $46.9M$46.9M2019−5%2020: -$37.7M-$37.7M20202021: $72.6M$72.6M20212022: $79.5M$79.5M2022+10%2023: $54.4M$54.4M2023−32%2024: $8.7M$8.7M2024−84%
Fiscal year2018201920202021202220232024
Revenue$716.0M5$706.9M6$621.6M6$1.0B7$1.1B4$1.0B4$1.1B4
Cost of revenue$52.8M7$70.7M4$109.0M4$119.0M4
Research and development$08$07$20.4M4$22.7M4$23.1M4
Operating income$68.9M5$63.5M6-$35.5M8$98.3M7$112.3M4$75.4M4$7.5M4
Income tax$21.2M5$22.4M6$6.3M8$33.5M7$35.8M4$34.3M4$21.9M4
Net income$49.3M5$46.9M6-$37.7M8$72.6M7$79.5M4$54.4M4$8.7M4
Earnings per share$2.615$2.456-$1.958$3.727$4.024$2.724$0.434
Earnings per share (diluted)$2.525$2.406-$1.958$3.587$3.864$2.624$0.414

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Leadership

Who has led Heidrick & Struggles, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Thomas J. Friel2006
  2. L. Kevin Kelly2007–2013
  3. Jory J. Marino2013
  4. Tracy R. Wolstencroft2014–2017
  5. Krishnan Rajagopalan2018–2023
  6. Thomas L. Monahan2024–now

Chair

  1. Michael Franzino2006–2007

President

  1. L. Kevin Kelly2006
  2. Bonnie Gwin2006
  3. Tracy R. Wolstencroft2014–2017
  4. Krishnan Rajagopalan2018–2023

Chief financial officer

  1. Eileen A. Kamerick2006–2008
  2. Scott J. Krenz2008–2011
  3. Richard W. Pehlke2011–2018
  4. Mark R. Harris2018–2025
  5. Nirupam Sinha2025–now

Chief operating officer

  1. Michael M. Cullen2019–2022
197019801990200020102020
Board members and other officers (51)

Timeline

  1. Mar 12, 2024New chief executive Thomas L. Monahan becomes CEO12
  2. Mar 13, 2018New chief executive Krishnan Rajagopalan becomes CEO13
  3. Feb 14, 2014New chief executive Tracy R. Wolstencroft becomes CEO14
  4. Jul 18, 2013New chief executive Jory J. Marino becomes CEO15
  5. Mar 7, 2007New chief executive L. Kevin Kelly becomes CEO16
  6. Mar 7, 2006New chief executive Thomas J. Friel becomes CEO17
  7. Apr 27, 1999Went public Listed on NASDAQ1
  8. 1953Founded Founded in Chicago1

Filings

230 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 41 major events, 109 insider forms, 21 large holders, 42 other. The latest 20:

  1. Feb 12, 2026SCHEDULE 13G/A EDGAR
  2. Jan 21, 2026SCHEDULE 13G/A EDGAR
  3. Dec 22, 202515-12G EDGAR
  4. Dec 10, 202525-NSE EDGAR
  5. Dec 10, 20254 EDGAR
  6. Dec 10, 20254 EDGAR
  7. Dec 10, 20254 EDGAR
  8. Dec 10, 20254 EDGAR
  9. Dec 10, 20254 EDGAR
  10. Dec 10, 20254 EDGAR
  11. Dec 10, 20254 EDGAR
  12. Dec 10, 20254 EDGAR
  13. Dec 10, 20254 EDGAR
  14. Dec 10, 20254 EDGAR
  15. Dec 10, 20254 EDGAR
  16. Dec 10, 2025S-8 POS EDGAR
  17. Dec 10, 2025S-8 POS EDGAR
  18. Dec 10, 2025S-8 POS EDGAR
  19. Dec 10, 2025S-8 POS EDGAR
  20. Dec 10, 2025S-8 POS EDGAR

The 230 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 21 such filings since October 2021, the latest 10:

  1. Feb 12, 2026SCHEDULE 13G/A
  2. Jan 21, 2026SCHEDULE 13G/A
  3. Nov 5, 2025SCHEDULE 13D
  4. Oct 9, 2025SCHEDULE 13G/A
  5. Apr 7, 2025SCHEDULE 13G
  6. Feb 13, 2024SC 13G/A
  7. Feb 13, 2024SC 13G/A
  8. Feb 9, 2024SC 13G/A
  9. Jan 22, 2024SC 13G/A
  10. Feb 13, 2023SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Sources

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