Horizon Kinetics Holding Corp

HKHC

$21.72

+6.14%

Horizon Kinetics Holding Corp

Horizon Kinetics Holding Corp is a Consumer products company listed on OTC MARKETS.

Industry

Consumer products

Exchange

OTC MARKETS

Market Cap

$405M

P/E Ratio

8.6

Cash on Hand

$82M(positive)

Shares Outstanding

18.6M shares

Currency

USD

Visit website →

About

The Texas Pacific Land Corporation is a publicly traded real estate operating company with its administrative office in Dallas, Texas. Owning over 880,000 acres (3,600 km2) in 20 West Texas counties, TPL is among the largest private landowners in the state of Texas. It was previously organized as a publicly traded trust taxed as a corporation, and operated under the name Texas Pacific Land Trust.

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Financial Highlights

The basics, explained simply — no finance degree required.

52-Week Range

$18.22 – $34.99

The lowest and highest price this stock has traded at over the past year.

Dividend Yield

None

This company doesn't currently pay a dividend — it's reinvesting profit instead of paying it out.

Profit Margin

64.4%

How much of every $1 in sales turns into actual profit. Higher generally means a healthier business.

Revenue Growth

+74.5%

How much the company's sales grew compared to a year ago.

Volatility (Beta)

3.76

How much this stock tends to swing compared to the overall market. Above 1 means it typically moves more than the market (higher risk, higher potential reward); below 1 means it's historically calmer.

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Analyst Insights

Next Earnings

Nov 16, 2026

Earnings calendar →

Similar Companies

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Insider Activity

Recent buys and sells by company executives and directors — publicly disclosed, as required by law.

Nagelberg Allison

Sep 18, 2026 • $26.27/share

Bought 190

Brennan Alice C

Sep 2, 2026 • $25.92/share

Bought 200

Brennan Alice C

Aug 28, 2026 • $26.20/share

Bought 200

Brennan Alice C

Aug 27, 2026 • $26.00/share

Bought 200

Roller Daniel J

Aug 26, 2026 • $26.50/share

Bought 500

Brennan Alice C

Aug 25, 2026 • $26.75/share

Bought 200

Latest SEC Filings

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Horizon Kinetics Holding Corp

HKHC

$21.72

+6.14%

Horizon Kinetics Holding Corp

Horizon Kinetics Holding Corp is a Consumer products company listed on OTC MARKETS.

Industry

Consumer products

Exchange

OTC MARKETS

Market Cap

$405M

P/E Ratio

8.6

Cash on Hand

$82M(positive)

Shares Outstanding

18.6M shares

Currency

USD

Visit website →

About

via Wikipedia →

Financial Highlights

The basics, explained simply — no finance degree required.

52-Week Range

$18.22 – $34.99

The lowest and highest price this stock has traded at over the past year.

Dividend Yield

None

This company doesn't currently pay a dividend — it's reinvesting profit instead of paying it out.

Profit Margin

64.4%

How much of every $1 in sales turns into actual profit. Higher generally means a healthier business.

Revenue Growth

+74.5%

How much the company's sales grew compared to a year ago.

Volatility (Beta)

3.76

Company Intelligence

Annual figures from the company's own SEC filings. Tap any number to open the filing it came from.

Revenue

Growth = this year ÷ prior year − 1

Dec 2025: $73M+30.5%
Dec 2024: $56M+18.1%
Dec 2023: $47M+1486.0%
Dec 2022: $3M-90.0%

Operating income

Margin = operating income ÷ revenue

Dec 2025: $11M15.2% margin
Dec 2024: -$15M-27.0% margin
Dec 2023: -$2M-3.8% margin
Dec 2022: -$10M-332.7% margin

Net income

Margin = net income ÷ revenue

Dec 2025: $5M7.0% margin
Dec 2024: $92M165.7% margin
Dec 2023: -$4M-9.5% margin
Dec 2022: -$9M-297.0% margin

Operating cash flow

Cash the business generated, vs net income above

Dec 2025: -$43M
Dec 2024: $12M
Dec 2023: $25M
Dec 2022: -$2M

Cash vs long-term debt

Cash − long-term debt. Excludes short-term borrowings and leases

Dec 2025: —
Dec 2024: —
Dec 2023: —
Dec 2022: —

Shares (weighted avg.)

Change = this year ÷ prior year − 1

Dec 2025: 19M+2.1%
Dec 2024: 18M+1.5%
Dec 2023: 18M+41.0%
Dec 2022: 13M+0.6%

Fiscal year ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022
RevenueGrowth = this year ÷ prior year − 1	$73M+30.5%	$56M+18.1%	$47M+1486.0%	$3M-90.0%
Operating incomeMargin = operating income ÷ revenue	$11M15.2% margin	-$15M-27.0% margin	-$2M-3.8% margin	-$10M-332.7% margin
Net incomeMargin = net income ÷ revenue	$5M7.0% margin	$92M165.7% margin	-$4M-9.5% margin	-$9M-297.0% margin
Operating cash flowCash the business generated, vs net income above	-$43M	$12M	$25M	-$2M
Cash vs long-term debtCash − long-term debt. Excludes short-term borrowings and leases	—	—	—	—
Shares (weighted avg.)Change = this year ÷ prior year − 1	19M+2.1%	18M+1.5%	18M+41.0%	13M+0.6%

What the numbers show

Operating cash flow was below net income in 2 of 2 profitable years shown (Dec 2025, Dec 2024).
Revenue fell in 1 of the last 4 fiscal years shown (Dec 2022).
Operating margin was -332.7% in Dec 2022 and 15.2% in Dec 2025.
Weighted average shares increased 46.1% between Dec 2022 and Dec 2025.

Worth a closer look

Automatic checks on the figures above. A flag is a pattern to investigate, not a finding of wrongdoing, and each one lists ordinary explanations for it.

Revenue up, operating cash flow down

Revenue rose 30.5% in the year to Dec 2025, while operating cash flow fell 463.9%.

Revenue	Dec 2025	$73M
Revenue	Dec 2024	$56M
Operating cash flow	Dec 2025	-$43M
Operating cash flow	Dec 2024	$12M

How it's calculated: Revenue change = revenue ÷ prior-year revenue − 1. Cash flow change = operating cash flow ÷ prior-year operating cash flow − 1.

Rule: Revenue up 5% or more in the latest year while operating cash flow fell 10% or more.

Why it matters, and ordinary explanations

Why it can matter: Sales growth that isn't turning into cash can mean customers are paying more slowly, stock is building up, or revenue is being recorded well before the cash arrives.

Common innocent explanations: A large one-off tax or pension payment, the timing of customer payments around year-end, or a deliberate build-up of stock ahead of expected growth.

Profit not matched by cash

Operating cash flow was -841% of net income in Dec 2025 and 13% in Dec 2024.

Net income	Dec 2025	$5M
Operating cash flow	Dec 2025	-$43M
Net income	Dec 2024	$92M
Operating cash flow	Dec 2024	$12M

How it's calculated: Cash conversion = operating cash flow ÷ net income, for each year.

Rule: Net income positive, but operating cash flow below 70% of net income in each of the last two fiscal years.

Why it matters, and ordinary explanations

Why it can matter: Reported profit that isn't backed by cash over several years can point to aggressive accounting choices or a business that needs ever more working capital to grow.

Common innocent explanations: Fast-growing companies often tie up cash in stock and customer balances, and non-cash gains can lift net income without producing cash.

Share count rising

Weighted average shares rose 46.1% between Dec 2022 and Dec 2025 (2.1% in the latest year).

Shares (weighted avg.)	Dec 2025	19M
Shares (weighted avg.)	Dec 2024	18M
Shares (weighted avg.)	Dec 2022	13M

How it's calculated: Share growth = weighted average shares ÷ earlier-year weighted average shares − 1.

Rule: Weighted average shares up 5% or more in a year, or 10% or more over three years.

Why it matters, and ordinary explanations

Why it can matter: When a company issues new shares, each existing share becomes a smaller slice of the profits, so earnings per share can lag total earnings.

Common innocent explanations: Shares issued to pay for an acquisition or to fund growth, or employee share awards that vest over time.

See every flagged company in Market Watch →

Rules checked

Revenue up, operating cash flow down — flagged. Revenue up 5% or more in the latest year while operating cash flow fell 10% or more.
Profit not matched by cash — flagged. Net income positive, but operating cash flow below 70% of net income in each of the last two fiscal years.
Receivables growing faster than revenue — not run. Not enough comparable annual figures reported to run this check.
Share count rising — flagged. Weighted average shares up 5% or more in a year, or 10% or more over three years.
Operating margin shrinking — not triggered. Operating margin lower in each of the last two years, down 3 percentage points or more in total.

Source: SEC EDGAR annual reports (Form 10-K), latest filed 2026-03-12. If a company later restates a year, the most recent filing is used. Dashes mean the company did not report that line in a form we could read. For information only, not investment advice.

Loading Company intelligence…

Analyst Insights

Next Earnings

Nov 16, 2026

Earnings calendar →

Similar Companies

COTY EPC BRBR HNST USNA

Insider Activity

Recent buys and sells by company executives and directors — publicly disclosed, as required by law.

Nagelberg Allison

Sep 18, 2026 • $26.27/share

Bought 190

Brennan Alice C

Sep 2, 2026 • $25.92/share

Bought 200

Brennan Alice C

Aug 28, 2026 • $26.20/share

Bought 200

Brennan Alice C

Aug 27, 2026 • $26.00/share

Bought 200

Roller Daniel J

Aug 26, 2026 • $26.50/share

Bought 500

Brennan Alice C

Aug 25, 2026 • $26.75/share

Bought 200

Latest SEC Filings

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