Herc Holdings Inc. (HRI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.73	$1.43	+95.9%	—	$1.2B	—
Q1 26	-$0.21	$0.21	+200.0%	—	$1.1B	—
Q4 25	$1.87	$2.07	+10.7%	—	$1.2B	—
Q2 25	$1.63	$1.87	+14.7%	—	$953M	—
Q1 25	$2.21	$1.3	-41.2%	—	$861M	—
Q4 24	$3.94	$3.58	-9.1%	—	$757M	—
Q3 24	$4.48	$4.35	-2.9%	—	$965M	—
Q2 24	$2.91	$2.6	-10.7%	—	$848M	—
Q1 24	$2.2	$2.36	+7.3%	—	$804M	—
Q4 23	$3.47	$3.24	-6.6%	—	$832M	—
Q3 23	$4.15	$4	-3.6%	—	$908M	—
Q2 23	$3.07	$2.69	-12.4%	—	$802M	—
Q1 23	$2.14	$2.35	+9.8%	—	$740M	—
Q4 22	$3.56	$3.44	-3.4%	—	$786M	—
Q3 22	$3.53	$3.42	-3.1%	—	$745M	—
Q2 22	$2.59	$2.47	-4.6%	—	$640M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.03	—	—	$4.3B	—
FY24	—	$7.43	—	—	$3.4B	—
FY23	—	$12.2	—	—	$3.3B	—
FY22	—	$11.2	—	—	$2.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.6B	$1.8B	$2B	$2B	$1.8B	$2.1B	$2.7B	$3.3B	$3.4B	$4.3B
YoY change	-7.35%	+12.8%	+12.7%	+1.13%	-10.9%	+16.4%	+32.2%	+19.8%	+2.8%	+28.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.6B	1.8B	2B	2B	1.8B	2.1B	2.7B	3.3B	3.4B	4.3B
Cost of revenue	1.2B	1.3B	1.5B	1.5B	1.3B	1.3B	1.7B	2.1B	2.2B	2.9B
Gross profit	351.4M	425.2M	522M	542.3M	526.6M	756M	1.1B	1.2B	1.2B	1.4B
Gross margin	22.6%	24.2%	26.4%	27.1%	29.6%	36.5%	38.9%	37.3%	34.3%	32.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	275.3M	319.1M	311.3M	294.8M	257.4M	310M	411M	448M	480M	564M
Operating expenses	275.3M	319.1M	311.3M	294.8M	257.4M	310M	411M	448M	480M	564M
Operating income	76.1M	106.1M	210.7M	247.5M	206.7M	378M	559M	663M	549M	622M
Operating margin	4.89%	6.05%	10.7%	12.4%	11.6%	18.2%	20.4%	20.2%	16.3%	14.4%
Non-operating income, net	3.2M	-41.9M	-10.3M	-64M	-20M	-1M	-3M	8M	2M	-205M
Pretax income	-4.9M	-64.4M	68.8M	63.6M	94.1M	291M	434M	447M	291M	1M
Income tax	14.8M	-224.7M	-300K	16.1M	20.4M	67M	104M	100M	80M	0
Net income	-19.7M	160.3M	69.1M	47.5M	73.7M	224M	330M	347M	211M	1M
Net margin	-1.27%	9.14%	3.5%	2.38%	4.14%	10.8%	12%	10.6%	6.25%	0.02%
EBITDA	474.6M	537.7M	655.7M	720M	668.5M	865M	1.2B	1.4B	1.4B	1.7B
EPS	-0.72	5.66	2.43	1.66	2.53	7.57	11.2	12.2	7.43	0.03
Diluted EPS	-0.72	5.6	2.39	1.63	2.51	7.37	10.9	12.1	7.4	0.03

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	908M	832M	804M	848M	965M	757M	861M	953M	1.3B	1.2B	1.1B	1.2B
Cost of revenue	561M	508M	519M	542M	580M	577M	583M	670M	859M	806M	813M	827M
Gross profit	347M	324M	285M	306M	385M	180M	278M	283M	446M	403M	326M	377M
Gross margin	38.2%	38.9%	35.4%	36.1%	39.9%	23.8%	32.3%	29.7%	34.2%	33.3%	28.6%	31.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	115M	116M	115M	120M	123M	122M	118M	127M	166M	153M	146M	155M
Operating expenses	115M	116M	115M	120M	123M	122M	118M	127M	166M	153M	146M	155M
Operating income	203M	179M	141M	156M	229M	23M	127M	111M	210M	174M	107M	147M
Operating margin	22.4%	21.5%	17.5%	18.4%	23.7%	3.04%	14.8%	11.6%	16.1%	14.4%	9.39%	12.2%
Non-operating income, net	3M	6M	1M	—	—	1M	-73M	-71M	-38M	-23M	-2M	3M
Pretax income	146M	123M	81M	93M	160M	-43M	-8M	-46M	38M	17M	-23M	24M
Income tax	33M	32M	16M	23M	38M	3M	10M	-11M	8M	-7M	1M	5M
Net income	113M	91M	65M	70M	122M	-46M	-18M	-35M	30M	24M	-24M	19M
Net margin	12.4%	10.9%	8.08%	8.25%	12.6%	-6.08%	-2.09%	-3.67%	2.3%	1.99%	-2.11%	1.58%
EBITDA	402M	377M	331M	351M	436M	239M	333M	353M	526M	484M	425M	470M
EPS	3.99	3.23	2.3	2.46	4.3	-1.62	-0.63	-1.17	0.9	0.72	-0.72	0.57
Diluted EPS	3.96	3.2	2.29	2.46	4.28	-1.62	-0.63	-1.17	0.9	0.72	-0.72	0.57

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.1B	1.8B	738.1M	1.4B	1.9B	4.6B	3.9B	4.2B	5.4B	—	4.5B
Enterprise value	3.3B	4B	3B	3.8B	3.9B	7.1B	7.5B	8.7B	10.4B	—	14B
Shares outstanding	28.3M	28.3M	28.4M	28.7M	29.1M	29.6M	29.6M	28.5M	28.4M	31.3M	31.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	11.1	10.7	29.6	26.2	20.7	11.8	12.2	25.5	—	78.8
P/S	0.73	1.01	0.37	0.7	1.08	2.24	1.42	1.29	1.59	—	0.92
P/B	3.58	3.47	1.29	2.18	2.6	4.74	3.51	3.33	3.85	—	2.37
EV/EBITDA	6.97	7.45	4.55	5.26	5.91	8.17	6.28	6.07	7.64	—	15.1
EV/Sales	2.13	2.28	1.51	1.89	2.22	3.41	2.72	2.64	3.07	—	2.89
Earnings yield	—	9.05%	9.36%	3.38%	3.81%	4.83%	8.47%	8.18%	3.92%	—	1.27%
FCF yield	-7.28%	-12.8%	-39.3%	-4.25%	11.7%	2.2%	-9.12%	-9.19%	0.3%	—	11.2%
PEG	—	—	—	—	—	—	—	—	—	—	-0.53

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	22.6%	24.2%	26.4%	27.1%	29.6%	36.5%	38.9%	37.3%	34.3%	32.6%	31.3%
Operating margin	4.89%	6.05%	10.7%	12.4%	11.6%	18.2%	20.4%	20.2%	16.3%	14.4%	12.2%
Net margin	-1.27%	9.14%	3.5%	2.38%	4.14%	10.8%	12%	10.6%	6.25%	0.02%	1.01%
ROE	-6.2%	31.4%	12.1%	7.37%	9.93%	22.9%	29.8%	27.3%	15.1%	0.05%	2.58%
ROA	-0.57%	4.52%	1.91%	1.24%	2.05%	4.99%	5.54%	4.91%	2.68%	0.01%	2.87%
ROIC	3.06%	3.87%	7.47%	6.11%	5.87%	8.53%	9.1%	9.06%	6.23%	5.37%	4.89%
Return on tangible assets	-0.74%	5.73%	2.43%	1.56%	2.64%	6.89%	7.75%	6.72%	3.91%	0.02%	1.02%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.53	1.63	1.34	1.24	1.12	0.89	1.07	1.44	1.38	1.31	1.1
Quick ratio	1.43	1.55	1.28	1.24	1.12	0.89	1.07	1.44	1.38	1.31	1.1
Debt / equity	6.91	4.46	3.97	3.74	2.76	2.53	3.26	3.52	3.63	4.97	5.06
Debt / assets	0.63	0.64	0.63	0.63	0.57	0.55	0.61	0.63	0.64	0.7	0.7
Net debt / EBITDA	4.57	4.15	3.43	3.3	3.01	2.81	3	3.09	3.68	5.68	4.99
Interest coverage	0.94	0.5	1.52	1.53	2.02	4.38	4.56	3	2.12	1	1.11
Effective tax rate	0%	0%	0%	25.3%	21.7%	23%	24%	22.4%	27.5%	0%	12.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	54.9	62	69.6	69.7	61.2	70	92.6	115.2	118.8	138.3	145.4
EPS (basic)	-0.72	5.66	2.43	1.66	2.53	7.57	11.2	12.2	7.43	0.03	0.03
EPS (diluted)	-0.72	5.6	2.39	1.63	2.51	7.37	10.9	12.1	7.4	0.03	1.7
Book value per share	11.2	18	20.2	22.4	25.5	33	37.4	44.7	49.2	62.2	56.6
FCF per share	-2.92	-8.02	-10.2	-2.08	7.75	3.45	-12	-13.7	0.56	-5.4	-3.82
Cash per share	0.85	1.47	0.98	1.15	1.13	1.19	1.82	2.49	2.92	1.66	1.29
Capex per share	12.3	11.9	17.2	14.2	4.98	16.3	35.1	34.4	26.4	5.02	4.75

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	22.3%	19.1%	24.8%	20.3%	8.14%	23.3%	38%	29.9%	22.2%	3.63%	3.27%
Capex / operating cash flow	103.3%	142.8%	98.7%	79.8%	27%	67.1%	119.5%	89%	73.2%	14.5%	12.6%
Payout ratio	—	—	—	0%	0%	6.7%	20.6%	21%	36.5%	8.7K%	164.7%
Dividend yield	—	—	—	0%	0%	0.32%	1.75%	1.72%	1.43%	—	2.09%

Yield

2.09%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.70

ex-dividend Sep 2, 2026

Payout ratio

165%

of earnings

Dividend growth

4 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 2, 2026	$0.70
May 29, 2026	$0.70
Feb 18, 2026	$0.70
Dec 15, 2025	$0.70
Aug 22, 2025	$0.70
May 30, 2025	$0.70
Feb 18, 2025	$0.70
Dec 16, 2024	$0.665

Split history

Date	Ratio

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$908M	$832M	$804M	$848M	$965M	$757M	$861M	$953M	$1.3B	$1.2B	$1.1B	$1.2B
YoY change	+21.9%	+5.85%	+8.65%	+5.74%	+6.28%	-9.01%	+7.09%	+12.4%	+35.2%	+59.7%	+32.3%	+26.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	24M	41.5M	27.8M	33M	33M	35.1M	54M	71M	83M	52M
Receivables	293.3M	386.3M	332.4M	306.7M	301.2M	388.1M	523M	563M	589M	769M
Inventory	24.1M	23.7M	17.9M	—	—	—	—	—	—	—
Total current assets	371.7M	474.5M	400.4M	399.7M	367.1M	469.7M	644M	732M	776M	956M
Property, plant & equipment	2.7B	2.7B	2.8B	3B	2.8B	3.4B	4.4B	5B	5.6B	8.2B
Goodwill & intangibles	789.8M	749.8M	769M	770.2M	792.8M	1.2B	1.7B	1.9B	2.5B	9.1B
Total assets	3.5B	3.5B	3.6B	3.8B	3.6B	4.5B	6B	7.1B	7.9B	13.8B
Accounts payable	139M	152M	147M	126.5M	125.8M	280.6M	318M	212M	248M	337M
Short-term debt	15.7M	25.4M	29.9M	60.9M	47.9M	53.9M	58M	56M	60M	88M
Total current liabilities	242.9M	290.7M	299.2M	323.1M	328M	529.9M	604M	508M	562M	730M
Long-term debt	2.2B	2.3B	2.2B	2.4B	2B	2.4B	3.6B	4.4B	5B	9.6B
Total liabilities	3.1B	3B	3B	3.2B	2.8B	3.5B	4.8B	5.8B	6.5B	11.8B
Shareholders' equity	317.7M	510.4M	572.7M	644.3M	742M	976.9M	1.1B	1.3B	1.4B	1.9B
Total debt	2.2B	2.3B	2.3B	2.4B	2B	2.5B	3.6B	4.5B	5.1B	9.7B
Net debt	2.2B	2.2B	2.2B	2.4B	2B	2.4B	3.6B	4.4B	5B	9.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	71M	71M	63M	70M	142M	83M	48M	53M	61M	52M	43M	43M
Receivables	595M	563M	560M	570M	623M	589M	554M	778M	810M	769M	760M	805M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	729M	732M	717M	717M	851M	776M	709M	943M	974M	956M	919M	960M
Property, plant & equipment	5.1B	5B	5B	5.3B	5.7B	5.6B	5.5B	8.4B	8.3B	8.2B	8.1B	8.3B
Goodwill & intangibles	2B	1.9B	2.1B	2.2B	2.5B	2.5B	2.5B	9B	9.1B	9.1B	9B	8.9B
Total assets	6.9B	7.1B	7.2B	7.6B	8.2B	7.9B	7.7B	14B	13.9B	13.8B	13.6B	13.7B
Accounts payable	247M	212M	201M	286M	360M	248M	161M	325M	355M	337M	218M	482M
Short-term debt	61M	56M	56M	57M	58M	60M	61M	83M	86M	88M	89M	89M
Total current liabilities	538M	508M	474M	585M	697M	562M	474M	818M	801M	730M	628M	871M
Long-term debt	4.4B	4.4B	4.6B	4.8B	5.1B	5B	5B	9.8B	9.7B	9.6B	9.6B	9.5B
Total liabilities	5.7B	5.8B	5.9B	6.2B	6.7B	6.5B	6.3B	12.1B	12B	11.8B	11.7B	11.8B
Shareholders' equity	1.2B	1.3B	1.3B	1.4B	1.5B	1.4B	1.4B	1.9B	1.9B	1.9B	1.9B	1.9B
Total debt	4.5B	4.5B	4.6B	4.8B	5.2B	5.1B	5B	9.9B	9.8B	9.7B	9.6B	9.6B
Net debt	4.4B	4.4B	4.6B	4.7B	5B	5B	5B	9.8B	9.7B	9.6B	9.6B	9.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-19.7M	160.3M	69.1M	47.5M	73.7M	224M	330M	347M	211M	1M
Depreciation & amortization	395.3M	430.4M	444.8M	470.1M	466.4M	488M	631M	755M	806M	1.1B
Stock-based compensation	5.5M	10.1M	13.4M	19.5M	16.4M	23M	27M	18M	17M	34M
Change in working capital	-71.4M	-145.8M	-28M	-47.1M	-38.9M	-79M	-210M	-113M	-86M	-11M
Operating cash flow	336.2M	234.8M	495.6M	509.6M	537.6M	718M	870M	1.1B	1B	1.1B
Capital expenditure	-347.2M	-335.4M	-489.4M	-406.5M	-145M	-482M	-1B	-980M	-750M	-157M
Investing cash flow	-350.6M	-328.4M	-489.4M	-406.7M	-166.1M	-913M	-1.6B	-1.4B	-1.4B	-4.3B
Dividends paid	—	—	—	0	0	-15M	-68M	-73M	-77M	-87M
Share repurchases	0	—	—	—	0	0	-115M	-120M	0	0
Financing cash flow	-929.7M	-269.8M	-608.7M	-1.8B	-1.3B	-665M	-835M	-882M	-99M	3.8B
Net change in cash	-944.1M	-363.4M	-602.5M	-1.7B	-967.1M	-860M	-1.5B	-1.2B	-425M	591M
Free cash flow	-82.7M	-226.9M	-289.9M	-59.7M	225.4M	102M	-355M	-390M	16M	-169M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	113M	91M	65M	70M	122M	-46M	-18M	-35M	30M	24M	-24M	19M
Depreciation & amortization	196M	192M	189M	195M	207M	215M	205M	240M	316M	319M	315M	317M
Stock-based compensation	6M	3M	5M	4M	7M	1M	6M	6M	16M	6M	6M	2M
Change in working capital	-43M	-41M	-15M	15M	-64M	-22M	-18M	1M	-51M	57M	-39M	-20M
Operating cash flow	292M	294M	257M	299M	314M	154M	147M	190M	358M	315M	277M	314M
Capital expenditure	-292M	-122M	-118M	-221M	-210M	-201M	-89M	-140M	-43M	-34M	-41M	-41M
Investing cash flow	-352M	-220M	-266M	-363M	-487M	-234M	-100M	-4.4B	51M	-35M	-41M	-41M
Dividends paid	-18M	-17M	-20M	-19M	-19M	-19M	-21M	-20M	-23M	-23M	-24M	-23M
Share repurchases	0	-13M	0	0	0	0	—	—	—	—	—	—
Financing cash flow	-151M	-405M	-256M	-585M	580M	-223M	-74M	4.2B	-118M	-177M	-105M	-110M
Net change in cash	-211M	-331M	-265M	-649M	407M	-303M	-27M	0	291M	103M	131M	163M
Free cash flow	-159M	33M	29M	-10M	-5M	2M	-49M	-40M	-99M	19M	-36M	-12M

Herc Holdings Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement