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Herc Holdings Inc., together with its subsidiaries, operates as an equipment rental supplier in the United States and internationally. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment. The company offers ProSolutions, an industry specific solution-based services, which include power generation, climate control, remediation and restoration, pump, trench shoring, and studio and production equipment; and ProContractor professional grade tools. In addition, it provides various services, including repair, maintenance, equipment management, and safety training; and equipment re-rental and on-site support services, as well as ancillary services, such as equipment transport, rental protection, cleaning, refueling, and labor. Further, the company sells used equipment and contractor supplies, such as construction consumables, tools, small equipment, and safety supplies. It serves non-residential and residential construction, specialty trade, restoration, remediation and environment, and facility maintenance contractors; industrial manufacturing industries, including refineries and petrochemical, automotive and aerospace, power, metals and mining, agriculture, pulp, paper and wood, and food and beverage industries; infrastructure and government sectors; and commercial facilities, commercial warehousing, education, healthcare, data centers, hospitality, retail, special event management and non-account customers. The company sells its products through its sales team and industry catalogs, as well as through participation and sponsorship of industry events, trade shows, and Internet. Herc Holdings Inc. was incorporated in 1965 and is based in Bonita Springs, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $4.3B | $1.5B | $1M | $-169M | 0.1% | 28.3% | -99.5% |
| 2024 | $3.4B | $1.4B | $211M | $16M | 15.1% | 2.8% | -39.2% |
| 2023 | $3.3B | $1.4B | $347M | $-390M | 27.3% | 19.8% | 5.2% |
| 2022 | $2.7B | $1.2B | $330M | $-355M | 29.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,740 | 3,282 | 3,374 | 4,328 |
| Operating Revenue | - | 2,740 | 3,282 | 3,374 | 4,328 |
| Cost Of Revenue | - | 1,675 | 2,059 | 2,218 | 2,918 |
| Gross Profit | - | 1,065 | 1,223 | 1,156 | 1,410 |
| Operating Expense | - | 506 | 552 | 596 | 788 |
| Selling General And Administration | - | 411 | 440 | 469 | 564 |
| Total Expenses | - | 2,181 | 2,611 | 2,814 | 3,706 |
| Operating Income | - | 559 | 671 | 560 | 622 |
| EBITDA | - | 1,187 | 1,426 | 1,357 | 1,497 |
| Normalized EBITDA | - | 1,187 | 1,434 | 1,368 | 1,696 |
| EBIT | - | 556 | 671 | 551 | 417 |
| Interest Expense | - | 122 | 224 | 260 | 416 |
| Net Interest Income | - | -122 | -224 | -260 | -416 |
| Other Non Operating Income Expenses | - | -3 | 8 | 2 | -6 |
| Other Income Expense | - | -3 | 8 | -9 | -205 |
| Interest Expense Non Operating | - | 122 | 224 | 260 | 416 |
| Net Non Operating Interest Income Expense | - | -122 | -224 | -260 | -416 |
| Pretax Income | - | 434 | 447 | 291 | 1 |
| Tax Provision | - | 104 | 100 | 80 | 0 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -1.76 | -2.97 | 0 |
| Net Income Continuous Operations | - | 330 | 347 | 211 | 1 |
| Net Income From Continuing And Discontinued Operation | - | 330 | 347 | 211 | 1 |
| Net Income From Continuing Operation Net Minority Interest | - | 330 | 347 | 211 | 1 |
| Net Income | - | 330 | 347 | 211 | 1 |
| Net Income Common Stockholders | - | 330 | 347 | 211 | 1 |
| Net Income Including Noncontrolling Interests | - | 330 | 347 | 211 | 1 |
| Normalized Income | - | 330 | 353.24 | 219.03 | 200 |
| Diluted NI Availto Com Stockholders | - | 330 | 347 | 211 | 1 |
| Basic Average Shares | - | 29.60 | 28.50 | 28.40 | 31.30 |
| Diluted Average Shares | - | 30.20 | 28.70 | 28.50 | 31.40 |
| Reconciled Depreciation | - | 631 | 755 | 806 | 1,080 |
| Reconciled Cost Of Revenue | - | 1,139 | 1,416 | 1,539 | 2,062 |
| Total Unusual Items | - | -3.50 | -8 | -11 | -199 |
| Total Unusual Items Excluding Goodwill | - | -3.50 | -8 | -11 | -199 |
| Special Income Charges | - | -3.50 | -8 | -11 | -199 |
| Write Off | 3.20 | 3.50 | - | - | - |
| Impairment Of Capital Assets | 3.20 | 3.50 | - | - | - |
| Restructuring And Mergern Acquisition | 0 | - | 8 | 11 | 199 |
| Depreciation Amortization Depletion Income Statement | - | 95 | 112 | 127 | 224 |
| Depreciation And Amortization In Income Statement | - | 95 | 112 | 127 | 224 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Herc Holdings Inc.this co. | HRI | $4.7B | 4690.39 | 2.41 | 0.1% | 9.57 |
| Intuitive Machines, Inc. | LUNR | $5.4B | -64.78 | -7.15 | 11.0% | -54.52 |
| Plug Power Inc. | PLUG | $5.0B | -3.08 | 5.13 | -166.8% | -3.57 |
| Archer Aviation Inc. | ACHR | $4.9B | -7.87 | 2.21 | -28.1% | -5.59 |
| Xometry, Inc. | XMTR | $4.6B | -74.00 |
| - |
| - |
| - |
| - |
| - |
| 16.58 |
| -22.4% |
| -130.48 |
| BETA Technologies, Inc. | BETA | $4.3B | -5.82 | 2.39 | -41.0% | -3.99 |
| Redwire Corporation | RDW | $4.3B | -18.82 | 4.02 | -21.4% | -23.94 |
| The Brink's Company | BCO | $4.2B | 20.82 | 14.97 | 71.9% | 7.92 |
| NuScale Power Corporation | SMR | $4.2B | -11.67 | 3.55 | -30.4% | - |
| Peer Median | - | -9.77 | 3.79 | -25.2% | -5.59 | |