NYSE : HRI
Herc Holdings Inc. — Financial statements
Industrials · Rental & Leasing Services · United States
Last price 165.76 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.55B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Herc Holdings Inc. (HRI) reported revenue of 4.92B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.92B | 4.38B | 3.57B | 3.28B | 2.74B | 2.07B |
| Cost of Revenue | 3.31B | 2.92B | 2.22B | 2.06B | 1.68B | 1.32B |
| Gross Profit | 1.61B | 1.46B | 1.35B | 1.22B | 1.06B | 756.00M |
| Selling, General & Admin | 632.00M | 564.00M | 469.00M | 440.00M | 411.00M | 310.00M |
| Operating Expenses | 930.00M | 788.00M | 596.00M | 552.00M | 506.00M | 378.00M |
| Operating Income | 676.00M | 670.00M | 754.00M | 671.00M | 559.00M | 378.00M |
| Interest Expense | -514.00M | -416.00M | -260.00M | -224.00M | -122.00M | -86.00M |
| Other Non Operating Income (Expenses) | 175.00M | -6.00M | 2.00M | -3.00M | -1.00M | |
| EBT Excluding Unusual Items | 337.00M | 248.00M | 496.00M | 447.00M | 434.00M | 291.00M |
| Merger & Restructuring Charges | -199.00M | -199.00M | -11.00M | |||
| Gain (Loss) on Sale of Assets | -48.00M | -194.00M | ||||
| Pretax Income | 138.00M | 1.00M | 291.00M | 447.00M | 434.00M | 291.00M |
| Income Tax Expense | 15.00M | 80.00M | 100.00M | 104.00M | 67.00M | |
| Net Income | 123.00M | 1.00M | 211.00M | 347.00M | 330.00M | 224.00M |
| Net Income to Common | 123.00M | 1.00M | 211.00M | 347.00M | 330.00M | 224.00M |
| Shares Outstanding (Basic) | 33.40M | 31.30M | 28.40M | 28.50M | 29.60M | 29.60M |
| Shares Outstanding (Diluted) | 33.58M | 31.40M | 28.50M | 28.70M | 30.20M | 30.40M |
| EPS (Basic) | 3.68 | 0.03 | 7.43 | 12.18 | 11.15 | 7.57 |
| EPS (Diluted) | 3.66 | 0.03 | 7.40 | 12.09 | 10.92 | 7.37 |
| Free Cash Flow | 268.00M | 279.00M | 304.00M | -65.00M | -234.00M | 209.00M |
| Free Cash Flow Per Share | 7.98 | 8.88 | 10.67 | -2.27 | -7.75 | 6.88 |
| Dividend Per Share | 2.80 | 2.80 | 2.66 | 2.53 | 2.30 | 0.50 |
| Gross Margin | 32.67% | 33.32% | 37.84% | 37.26% | 38.87% | 36.47% |
| Operating Margin | 13.75% | 15.31% | 21.13% | 20.45% | 20.40% | 18.23% |
| Profit Margin | 2.50% | 0.02% | 5.91% | 10.57% | 12.04% | 10.81% |
| Free Cash Flow Margin | 5.45% | 6.38% | 8.52% | -1.98% | -8.54% | 10.08% |
| EBITDA | 974.00M | 894.00M | 881.00M | 783.00M | 654.00M | 446.00M |
| EBITDA Margin | 19.81% | 20.43% | 24.69% | 23.86% | 23.87% | 21.52% |
| D&A For EBITDA | 298.00M | 224.00M | 127.00M | 112.00M | 95.00M | 68.00M |
| EBIT | 676.00M | 670.00M | 754.00M | 671.00M | 559.00M | 378.00M |
| EBIT Margin | 13.75% | 15.31% | 21.13% | 20.45% | 20.40% | 18.23% |
| Effective Tax Rate | 10.87% | 27.49% | 22.37% | 23.96% | 23.02% | |
| Revenue as Reported | 4.92B | 4.38B | 3.57B | 3.28B | 2.74B | 2.07B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 66.00M | 52.00M | 83.00M | 71.00M | 54.00M | 35.10M |
| Cash & Short-Term Investments | 66.00M | 52.00M | 83.00M | 71.00M | 54.00M | 35.10M |
| Accounts Receivable | 929.00M | 769.00M | 589.00M | 563.00M | 523.00M | 388.10M |
| Receivables | 929.00M | 769.00M | 589.00M | 563.00M | 523.00M | 388.10M |
| Prepaid Expenses | 62.00M | 72.00M | 47.00M | 30.00M | ||
| Other Current Assets | 52.00M | 63.00M | 57.00M | 68.00M | 67.00M | 46.50M |
| Total Current Assets | 1.11B | 956.00M | 776.00M | 732.00M | 644.00M | 469.70M |
| Property, Plant & Equipment | 2.30B | 2.36B | 1.41B | 1.13B | 944.00M | 722.10M |
| Goodwill | 2.86B | 2.87B | 670.00M | 483.00M | 419.00M | 231.50M |
| Other Intangible Assets | 1.56B | 1.67B | 572.00M | 467.00M | 431.00M | 388.70M |
| Long-Term Deferred Charges | 10.00M | 12.00M | 6.00M | 8.00M | 10.00M | 6.10M |
| Other Long-Term Assets | 6.22B | 5.91B | 4.45B | 4.24B | 3.51B | 2.67B |
| Total Assets | 14.06B | 13.78B | 7.88B | 7.06B | 5.96B | 4.49B |
| Accounts Payable | 556.00M | 337.00M | 248.00M | 212.00M | 318.00M | 280.60M |
| Accrued Expenses | 384.00M | 218.00M | 190.00M | 172.00M | 159.00M | 131.50M |
| Current Portion of Long-Term Debt | 32.00M | 13.00M | 4.00M | 4.00M | 4.00M | 3.80M |
| Current Portion of Leases | 59.00M | 75.00M | 56.00M | 52.00M | 54.00M | 50.10M |
| Current Income Taxes Payable | 47.00M | 30.00M | 28.00M | 33.00M | 36.90M | |
| Other Current Liabilities | 40.00M | 34.00M | 40.00M | 36.00M | 27.00M | |
| Total Current Liabilities | 1.03B | 730.00M | 562.00M | 508.00M | 604.00M | 529.90M |
| Long-Term Debt | 8.01B | 8.05B | 4.11B | 3.72B | 2.98B | 1.99B |
| Long-Term Leases | 1.53B | 1.54B | 902.00M | 707.00M | 580.00M | 428.60M |
| Pension & Post-Retirement Benefits | 8.00M | 15.00M | 19.00M | 22.00M | 12.70M | |
| Long-Term Deferred Tax Liabilities | 1.45B | 1.45B | 800.00M | 743.00M | 647.00M | 536.80M |
| Other Long-Term Liabilities | 54.00M | 49.00M | 92.00M | 95.00M | 18.00M | 19.40M |
| Total Liabilities | 12.07B | 11.83B | 6.48B | 5.79B | 4.85B | 3.51B |
| Common Stock | 300.00K | |||||
| Additional Paid-In Capital | 2.47B | 2.45B | 1.83B | 1.82B | 1.82B | 1.82B |
| Retained Earnings | 576.00M | 547.00M | 633.00M | 498.00M | 224.00M | -53.40M |
| Treasury Stock | -927.00M | -927.00M | -927.00M | -927.00M | -807.00M | -692.00M |
| Comprehensive Income & Other | -132.00M | -120.00M | -142.00M | -118.00M | -129.00M | -100.20M |
| Shareholders' Equity | 1.98B | 1.95B | 1.40B | 1.27B | 1.11B | 976.90M |
| Total Liabilities & Equity | 14.06B | 13.78B | 7.88B | 7.06B | 5.96B | 4.49B |
| Total Debt | 9.63B | 9.68B | 5.07B | 4.48B | 3.62B | 2.47B |
| Net Cash (Debt) | -9.56B | -9.63B | -4.99B | -4.41B | -3.56B | -2.43B |
| Net Cash Per Share | -284.85 | -306.72 | -175.05 | -153.59 | -117.95 | -80.05 |
| Filing Date Shares Outstanding | 33.46M | 33.37M | 28.46M | 28.32M | 29.12M | 29.70M |
| Total Common Shares Outstanding | 33.40M | 33.30M | 28.40M | 28.20M | 28.90M | 29.70M |
| Working Capital | 78.00M | 226.00M | 214.00M | 224.00M | 40.00M | -60.20M |
| Book Value Per Share | 59.40 | 58.50 | 49.15 | 45.14 | 38.34 | 32.89 |
| Tangible Book Value | -2.43B | -2.59B | 154.00M | 323.00M | 258.00M | 356.70M |
| Tangible Book Value Per Share | -72.87 | -77.78 | 5.42 | 11.45 | 8.93 | 12.01 |
| Land | 187.00M | 136.00M | 131.00M | 143.00M | 123.70M | |
| Machinery | 770.00M | 533.00M | 503.00M | 417.00M | 350.70M | |
| Construction In Progress | 50.00M | 22.00M | 20.00M | 20.00M | 6.50M | |
| Leasehold Improvements | 201.00M | 142.00M | 122.00M | 112.00M | 105.60M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 123.00M | 1.00M | 211.00M | 347.00M | 330.00M | 224.00M |
| Depreciation & Amortization | 298.00M | 224.00M | 127.00M | 112.00M | 95.00M | 68.00M |
| Other Amortization | 993.00M | 864.00M | 684.00M | 647.00M | 540.00M | 424.00M |
| Loss (Gain) From Sale of Assets | -95.00M | -43.00M | 107.00M | -94.00M | -36.00M | -19.00M |
| Asset Writedown & Restructuring Costs | 6.00M | 6.00M | ||||
| Stock-Based Compensation | 28.00M | 34.00M | 17.00M | 18.00M | 27.00M | 23.00M |
| Provision & Write-off of Bad Debts | 109.00M | 88.00M | 70.00M | 65.00M | 52.00M | 28.00M |
| Other Operating Activities | 12.00M | 8.00M | 71.00M | 90.00M | 88.00M | 58.00M |
| Change in Accounts Receivable | -247.00M | -46.00M | -62.00M | -98.00M | -172.00M | -92.00M |
| Change in Accounts Payable | 4.00M | 36.00M | 2.00M | 7.00M | -23.00M | 23.00M |
| Change in Other Net Operating Assets | 35.00M | -87.00M | -2.00M | -8.00M | 16.00M | 6.00M |
| Operating Cash Flow | 1.27B | 1.08B | 1.23B | 1.09B | 917.00M | 743.00M |
| Capital Expenditures | -998.00M | -806.00M | -921.00M | -1.15B | -1.15B | -534.00M |
| Sale of Property, Plant & Equipment | 31.00M | 20.00M | 10.00M | 15.00M | 7.00M | 5.00M |
| Cash Acquisitions | -1.00M | -4.26B | -600.00M | -430.00M | -515.00M | -431.00M |
| Divestitures | 99.00M | |||||
| Other Investing Activities | -15.00M | -23.00M | ||||
| Investing Cash Flow | -968.00M | -4.94B | -1.51B | -1.58B | -1.68B | -960.00M |
| Long-Term Debt Issued | 9.25B | 2.81B | 2.13B | 2.62B | 1.13B | |
| Long-Term Debt Repaid | -5.31B | -2.42B | -1.40B | -1.63B | -893.00M | |
| Net Debt Issued (Repaid) | -193.00M | 3.93B | 390.00M | 724.00M | 987.00M | 239.00M |
| Issuance of Common Stock | 8.00M | 6.00M | 7.00M | 7.00M | 4.00M | 5.00M |
| Repurchase of Common Stock | -120.00M | -115.00M | ||||
| Common Dividends Paid | -94.00M | -87.00M | -77.00M | -73.00M | -68.00M | -15.00M |
| Other Financing Activities | -15.00M | -24.00M | -21.00M | -26.00M | -23.00M | -9.00M |
| Financing Cash Flow | -294.00M | 3.83B | 299.00M | 512.00M | 785.00M | 220.00M |
| Foreign Exchange Rate Adjustments | 1.00M | 1.00M | -1.00M | -1.00M | -1.00M | |
| Net Cash Flow | 5.00M | -31.00M | 12.00M | 17.00M | 19.00M | 2.00M |
| Free Cash Flow | 268.00M | 279.00M | 304.00M | -65.00M | -234.00M | 209.00M |
| Free Cash Flow Margin | 5.45% | 6.38% | 8.52% | -1.98% | -8.54% | 10.08% |
| Free Cash Flow Per Share | 7.98 | 8.88 | 10.67 | -2.27 | -7.75 | 6.88 |
| Levered Free Cash Flow | 517.25M | 403.75M | 233.75M | -259.62M | -301.27M | 258.90M |
| Unlevered Free Cash Flow | 827.50M | 655.75M | 391.25M | -123.62M | -229.03M | 308.65M |
| Cash Interest Paid | 530.00M | 419.00M | 258.00M | 221.00M | 114.00M | 83.00M |
| Cash Income Tax Paid | 16.00M | 24.00M | 12.00M | 30.00M | 22.00M | 23.00M |
| Change in Working Capital | -208.00M | -97.00M | -62.00M | -99.00M | -179.00M | -63.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.63B | 4.94B | 5.38B | 4.21B | 3.85B | 4.64B |
| Enterprise Value | 15.19B | 14.66B | 10.39B | 8.62B | 7.22B | 6.90B |
| Last Close Price | 165.76 | 146.21 | 182.97 | 141.43 | 122.42 | 143.06 |
| PE Ratio | 45.88 | 4,936.56 | 25.49 | 12.13 | 11.66 | 20.73 |
| Forward PE | 12.82 | 19.54 | 13.07 | 11.40 | 9.71 | 15.15 |
| PS Ratio | 1.16 | 1.13 | 1.51 | 1.28 | 1.41 | 2.24 |
| PB Ratio | 2.79 | 2.53 | 3.85 | 3.31 | 3.47 | 4.75 |
| P/TBV Ratio | 34.92 | 13.03 | 14.92 | 13.02 | ||
| P/FCF Ratio | 21.35 | 17.69 | 17.69 | 22.21 | ||
| P/OCF Ratio | 4.52 | 4.55 | 4.39 | 3.88 | 4.20 | 6.25 |
| PEG Ratio | 0.48 | 1.34 | 1.02 | 0.68 | 0.47 | 0.29 |
| EV/Sales Ratio | 3.11 | 3.35 | 2.91 | 2.62 | 2.64 | 3.33 |
| EV/EBITDA Ratio | 15.69 | 16.40 | 11.79 | 11.01 | 11.05 | 15.47 |
| EV/EBIT Ratio | 22.61 | 21.88 | 13.78 | 12.84 | 12.92 | 18.26 |
| EV/FCF Ratio | 57.04 | 52.54 | 34.17 | 33.02 | ||
| Debt / Equity Ratio | 4.85 | 4.97 | 3.63 | 3.52 | 3.26 | 2.53 |
| Debt / EBITDA Ratio | 8.64 | 9.51 | 5.27 | 5.24 | 5.09 | 5.05 |
| Debt / FCF Ratio | 35.93 | 34.71 | 16.68 | 11.81 | ||
| Net Debt / Equity Ratio | 4.82 | 4.94 | 3.57 | 3.46 | 3.21 | 2.49 |
| Net Debt / EBITDA Ratio | 9.82 | 10.77 | 5.66 | 5.63 | 5.45 | 5.46 |
| Net Debt / FCF Ratio | 35.69 | 34.52 | 16.41 | -67.81 | -15.22 | 11.64 |
| Asset Turnover | 0.35 | 0.40 | 0.48 | 0.50 | 0.53 | 0.51 |
| Quick Ratio | 0.96 | 1.12 | 1.20 | 1.25 | 0.95 | 0.80 |
| Current Ratio | 1.08 | 1.31 | 1.38 | 1.44 | 1.07 | 0.89 |
| Return on Equity (ROE) | 6.29% | 0.06% | 15.81% | 29.15% | 31.66% | 26.06% |
| Return on Assets (ROA) | 3.02% | 3.87% | 6.31% | 6.44% | 6.69% | 5.85% |
| Return on Invested Capital (ROIC) | 5.25% | 7.46% | 9.06% | 10.06% | 10.52% | 9.44% |
| Return on Capital Employed (ROCE) | 5.20% | 5.10% | 10.30% | 10.20% | 10.40% | 9.50% |
| Earnings Yield | 2.18% | 0.02% | 3.92% | 8.24% | 8.57% | 4.82% |
| FCF Yield | 4.68% | 5.65% | 5.65% | -1.54% | -6.08% | 4.50% |
| Dividend Yield | 1.67% | 1.89% | 1.41% | 1.70% | 1.73% | 0.32% |
| Payout Ratio | 76.40% | 8,700.00% | 36.49% | 21.04% | 20.61% | 6.70% |
| Buyback Yield / Dilution | -11.73% | -10.17% | 0.70% | 4.97% | 0.66% | -3.40% |
| Total Shareholder Return | -10.10% | -8.29% | 2.10% | 6.66% | 2.38% | -3.08% |