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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 559 | 671 | 560 | 622 |
| EBITDA | 1,187 | 1,426 | 1,357 | 1,497 |
| EBIT | 556 | 671 | 551 | 417 |
| Pretax Income | 434 | 447 | 291 | 1 |
| Tax Provision | 104 | 100 | 80 | 0 |
| Net Income | 330 | 347 | 211 | 1 |
| Net Income Common Stockholders | 330 | 347 | 211 | 1 |
| Total Expenses | 2,181 | 2,611 | 2,814 | 3,706 |
| Interest Expense | 122 | 224 | 260 | 416 |
| Selling General And Administration | 411 | 440 | 469 | 564 |
| Normalized EBITDA | 1,187 | 1,434 | 1,368 | 1,696 |
| Normalized Income | 330 | 353.24 | 219.03 | 200 |
| Basic EPS | 11.15 | 12.18 | 7.43 | 0.03 |
| Diluted EPS | 10.92 | 12.09 | 7.40 | 0.03 |
| Tax Effect Of Unusual Items | 0 | -1.76 | -2.97 | 0 |
| Tax Rate For Calcs | 0.24 | 0.22 | 0.27 | 0 |
| Total Unusual Items | -3.50 | -8 | -11 | -199 |
| Total Unusual Items Excluding Goodwill | -3.50 | -8 | -11 | -199 |
| Net Income From Continuing Operation Net Minority Interest | 330 | 347 | 211 | 1 |
| Reconciled Depreciation | 631 | 755 | 806 | 0 |
| Reconciled Cost Of Revenue | 1,139 | 1,416 | 1,539 | 2,062 |
| Net Interest Income | -122 | -224 | -260 | -416 |
| Net Income From Continuing And Discontinued Operation | 330 | 347 | 211 | 1 |
| Diluted Average Shares | 30.20 | 28.70 | 28.50 | 31.40 |
| Basic Average Shares | 29.60 | 28.50 | 28.40 | 31.30 |
| Diluted NI Availto Com Stockholders | 330 | 347 | 211 | 1 |
| Net Income Including Noncontrolling Interests | 330 | 347 | 211 | 1 |
| Net Income Continuous Operations | 330 | 347 | 211 | 1 |
| Other Income Expense | -3 | 8 | -9 | -205 |
| Other Non Operating Income Expenses | -3 | 8 | 2 | -6 |
| Special Income Charges | -3.50 | -8 | -11 | -199 |
| Write Off | 3.50 | 0 | 0 | 0 |
| Impairment Of Capital Assets | 3.50 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0 | 8 | 11 | 199 |
| Net Non Operating Interest Income Expense | -122 | -224 | -260 | -416 |
| Interest Expense Non Operating | 122 | 224 | 260 | 416 |
| Depreciation Amortization Depletion Income Statement | 95 | 112 | 127 | 224 |
| Depreciation And Amortization In Income Statement | 95 | 112 | 127 | 224 |
| Operating Revenue | 2,740 | 3,282 | 3,374 | 4,328 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Herc Holdings Inc.this co. | HRI | $4.4B | - | 2.25 | 0.1% | 15.30 |
| Plug Power Inc. | PLUG | $4.8B | - | 4.86 | -162.6% | -7.99 |
| Tutor Perini Corporation | TPC | $4.5B | 56.98 | 3.73 | 6.4% | 15.23 |
| The Brink's Company | BCO | $4.4B | 22.84 | 15.89 | 49.0% | 8.43 |
| Archer Aviation Inc. | ACHR | $4.2B | - | 1.89 |
| -28.1% |
| -3.28 |
| GPGI, Inc. | GPGI | $4.2B | - | 7.52 | -55.9% | -335.00 |
| Intuitive Machines, Inc. | LUNR | $4.0B | - | -3.98 | -40.9% | -55.99 |
| York Space Systems, Inc. | YSS | $3.7B | - | 1.68 | -9.7% | -473.39 |
| NuScale Power Corporation | SMR | $3.7B | - | 3.08 | -32.0% | -12.69 |
| Peer Median | - | 39.91 | 3.41 | -30.0% | -10.34 | |