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Hertz Global Holdings, Inc. operates as a vehicle rental company. It operates through two segments: Americas RAC and International RAC. The company offers vehicle rental services under the Hertz, Dollar, and Thrifty brands from company-operated, licensee, and franchisee locations in the United States, Africa, Asia, Australia, Canada, the Caribbean, Europe, Latin America, the Middle East, and New Zealand. It also sells vehicles and value-added services. The company was founded in 1918 and is headquartered in Estero, 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 | $8.5B | $2.5B | $-747M | $-8.7B | 162.7% | -6.0% | -73.9% |
| 2024 | $9.0B | $1.8B | $-2.9B | $-8.4B | -1870.6% | -3.4% | -564.6% |
| 2023 | $9.4B | $3.6B | $616M | $-7.2B | 19.9% | 7.9% | -70.1% |
| 2022 | $8.7B | $3.7B | $2.1B | $-8.2B | 77.8% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 8,685 | 9,371 | 9,049 | 8,504 |
| Operating Revenue | - | 8,685 | 9,371 | 9,049 | 8,504 |
| Cost Of Revenue | - | 5,651 | 7,643 | 9,439 | 7,533 |
| Gross Profit | - | 3,034 | 1,728 | -390 | 971 |
| Operating Expense | - | 959 | 962 | 819 | 957 |
| Selling General And Administration | - | 959 | 962 | 819 | 957 |
| Total Expenses | - | 6,610 | 8,605 | 10,258 | 8,490 |
| Operating Income | - | 2,075 | 766 | -1,209 | 14 |
| EBITDA | - | 3,728 | 3,650 | 1,844 | 2,512 |
| Normalized EBITDA | - | 3,024 | 3,325 | 2,909 | 2,282 |
| EBIT | - | 2,777 | 1,079 | -2,278 | 247 |
| Interest Expense | - | 328 | 793 | 959 | 1,077 |
| Net Interest Income | - | -328 | -793 | -959 | -1,077 |
| Other Non Operating Income Expenses | - | -2 | -12 | -4 | 3 |
| Other Income Expense | - | 702 | 313 | -1,069 | 233 |
| Interest Expense Non Operating | - | 328 | 793 | 959 | 1,077 |
| Net Non Operating Interest Income Expense | - | -328 | -793 | -959 | -1,077 |
| Pretax Income | - | 2,449 | 286 | -3,237 | -830 |
| Tax Provision | - | 390 | -330 | -375 | -83 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 112.11 | 68.25 | -127.80 | 23 |
| Net Income Continuous Operations | - | 2,059 | 616 | -2,862 | -747 |
| Net Income From Continuing And Discontinued Operation | - | 2,059 | 616 | -2,862 | -747 |
| Net Income From Continuing Operation Net Minority Interest | - | 2,059 | 616 | -2,862 | -747 |
| Net Income | - | 2,059 | 616 | -2,862 | -747 |
| Net Income Common Stockholders | - | 2,059 | 616 | -2,862 | -747 |
| Net Income Including Noncontrolling Interests | - | 2,059 | 616 | -2,862 | -747 |
| Normalized Income | - | 1,467.11 | 359.25 | -1,924.80 | -954 |
| Diluted NI Availto Com Stockholders | - | 2,059 | 616 | -2,862 | -781 |
| Basic Average Shares | - | 379 | 313 | 306 | 310 |
| Diluted Average Shares | - | 403 | 326 | 306 | 322 |
| Reconciled Depreciation | - | 951 | 2,571 | 4,122 | 2,265 |
| Reconciled Cost Of Revenue | - | 5,651 | 7,643 | 9,439 | 7,533 |
| Total Unusual Items | - | 704 | 325 | -1,065 | 230 |
| Total Unusual Items Excluding Goodwill | - | 704 | 325 | -1,065 | 230 |
| Preferred Stock Dividends | 450 | - | - | - | - |
| Minority Interests | 1 | 0 | 0 | - | - |
| Special Income Charges | - | 0 | 162 | -1,340 | 274 |
| Gain On Sale Of Business | 400 | 0 | 0 | - | - |
| Other Special Charges | - | - | - | 292 | -130 |
| Impairment Of Capital Assets | - | 0 | 0 | 1,048 | 0 |
| Restructuring And Mergern Acquisition | 677 | 0 | 0 | - | - |
| Gain On Sale Of Security | - | 704 | 163 | 275 | -44 |
| Gain On Sale Of Ppe | - | 0 | 162 | 0 | 144 |
| Average Dilution Earnings | - | - | 0 | 0 | -35 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Hertz Global Holdings, Inc.this co. | HTZ | $1.6B | -2.16 | -3.51 | 162.7% | 8.11 |
| Enerpac Tool Group Corp. | EPAC | $1.8B | 18.89 | 4.04 | 21.4% | 12.23 |
| Vestis Corporation | VSTS | $1.7B | -43.48 | 2.02 | -4.6% | 16.43 |
| Huron Consulting Group Inc. | HURN | $1.7B | 16.54 | 3.29 | 19.9% | 10.27 |
| Ameresco, Inc. | AMRC | $1.7B |
| - |
| - |
| - |
| - |
| - |
| - |
| 39.14 |
| 1.60 |
| 4.1% |
| 15.21 |
| Target Hospitality Corp. | TH | $1.7B | -45.10 | 4.30 | -9.5% | 44.27 |
| ManpowerGroup Inc. | MAN | $1.5B | - | 0.72 | -0.6% | 9.85 |
| Willdan Group, Inc. | WLDN | $1.5B | 28.15 | 4.85 | 17.2% | 23.01 |
| BlackSky Technology Inc. | BKSY | $1.5B | -20.95 | 15.51 | -74.1% | -67.62 |
| Peer Median | - | 16.54 | 3.66 | 1.7% | 13.72 | |