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H&E Equipment Services (HEES) Financials

H&E Equipment Services logo
$95.08 -0.38 (-0.40%)
Closing price 05/28/2025 04:00 PM Eastern
Extended Trading
$95.11 +0.03 (+0.03%)
As of 05/28/2025 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for H&E Equipment Services

Annual Income Statements for H&E Equipment Services

This table shows H&E Equipment Services' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
123 169 132 103 -33 87 77 110 37 44
Consolidated Net Income / (Loss)
123 169 132 103 -33 87 77 110 37 44
Net Income / (Loss) Continuing Operations
123 169 134 61 -46 87 77 110 37 44
Total Pre-Tax Income
163 223 181 82 -60 116 105 59 59 76
Total Operating Income
229 277 228 132 43 180 167 138 111 128
Total Gross Profit
675 684 555 415 357 499 439 360 336 346
Total Revenue
1,517 1,469 1,245 1,063 1,007 1,348 1,239 1,030 978 1,040
Operating Revenue
1,517 1,469 1,245 1,063 1,007 1,348 1,239 1,030 978 1,040
Total Cost of Revenue
841 785 689 647 650 849 800 670 643 694
Operating Cost of Revenue
841 785 689 647 650 849 800 670 643 694
Total Operating Expenses
446 408 327 283 314 319 272 222 225 217
Selling, General & Admin Expense
456 405 344 291 266 311 278 233 228 220
Impairment Charge
0.00 5.71 0.00 0.00 56 12 0.00 - - -
Other Special Charges / (Income)
-9.67 -3.39 -17 -7.75 -8.41 -4.62 -7.12 -5.01 -3.29 -2.74
Total Other Income / (Expense), net
-67 -54 -47 -51 -103 -64 -62 -79 -52 -53
Interest Expense
73 61 54 54 106 68 64 80 54 54
Other Income / (Expense), net
6.19 7.38 6.61 3.16 3.18 3.98 1.72 1.75 1.87 1.46
Income Tax Expense
40 54 47 21 -13 29 28 -50 22 31
Net Income / (Loss) Discontinued Operations
0.00 0.00 -1.52 42 14 - - - - -
Basic Earnings per Share
$3.39 $4.69 $3.68 $2.83 ($0.91) $2.43 $2.15 $3.09 $1.05 $1.26
Weighted Average Basic Shares Outstanding
36.27M 36.10M 35.94M 36.26M 36.07M 35.86M 35.68M 35.52M 35.39M 35.27M
Diluted Earnings per Share
$3.37 $4.66 $3.66 $2.81 ($0.91) $2.42 $2.13 $3.07 $1.05 $1.25
Weighted Average Diluted Shares Outstanding
36.51M 36.33M 36.09M 36.45M 36.07M 36.03M 35.90M 35.70M 35.48M 35.34M
Weighted Average Basic & Diluted Shares Outstanding
36.61M 36.46M 36.32M - 36.11M 35.87M 35.75M 35.50M 35.40M 35.20M
Cash Dividends to Common per Share
$1.10 $1.10 $1.10 $1.10 $1.10 $1.10 $1.10 $1.10 $1.10 $1.05

Quarterly Income Statements for H&E Equipment Services

This table shows H&E Equipment Services' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
-6.21 33 31 33 26 54 49 41 26 51 38
Consolidated Net Income / (Loss)
-6.21 33 31 33 26 54 49 41 26 51 38
Net Income / (Loss) Continuing Operations
-6.21 33 31 33 26 54 49 41 26 51 38
Total Pre-Tax Income
-8.17 38 43 46 35 66 66 56 35 69 51
Total Operating Income
5.85 54 61 63 52 81 79 70 47 79 64
Total Gross Profit
124 168 171 171 165 186 188 168 141 159 152
Total Revenue
319 384 385 376 371 386 401 360 322 353 324
Operating Revenue
319 384 385 376 371 386 401 360 322 353 324
Total Cost of Revenue
196 216 213 205 206 199 212 192 181 194 172
Operating Cost of Revenue
196 216 213 205 206 199 212 192 181 194 172
Total Operating Expenses
118 114 111 108 113 105 109 99 95 81 88
Selling, General & Admin Expense
112 117 112 112 114 107 104 99 95 94 88
Other Operating Expenses / (Income)
9.79 - - - - - - - - - -
Other Special Charges / (Income)
-3.62 -3.22 -1.66 -3.35 -1.43 -1.52 -0.76 -0.44 -0.67 - -0.53
Total Other Income / (Expense), net
-14 -16 -17 -17 -17 -15 -13 -14 -12 -9.59 -13
Interest Expense
16 18 19 18 18 16 16 15 14 14 14
Other Income / (Expense), net
1.98 1.71 1.45 1.48 1.55 1.53 3.07 1.06 1.72 3.95 0.88
Income Tax Expense
-1.97 5.17 12 13 9.32 13 17 15 9.06 18 13
Basic Earnings per Share
($0.17) $0.89 $0.86 $0.92 $0.72 $1.49 $1.35 $1.14 $0.71 $1.46 $1.05
Weighted Average Basic Shares Outstanding
36.36M 36.27M 36.30M 36.25M 36.20M 36.10M 36.13M 36.08M 36.03M 35.94M 36.46M
Diluted Earnings per Share
($0.17) $0.90 $0.85 $0.91 $0.71 $1.46 $1.35 $1.14 $0.71 $1.44 $1.05
Weighted Average Diluted Shares Outstanding
36.36M 36.51M 36.46M 36.47M 36.56M 36.33M 36.32M 36.30M 36.35M 36.09M 36.55M
Weighted Average Basic & Diluted Shares Outstanding
36.67M 36.61M 36.61M 36.52M 36.53M 36.46M 36.45M 36.38M 36.38M 36.32M 36.31M
Cash Dividends to Common per Share
$0.28 - $0.28 $0.28 $0.28 - $0.28 $0.28 $0.28 - $0.28

Annual Cash Flow Statements for H&E Equipment Services

This table details how cash moves in and out of H&E Equipment Services' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
7.91 -73 -276 46 297 -2.43 -149 158 0.52 -8.70
Net Cash From Operating Activities
496 405 313 260 286 319 247 226 177 207
Net Cash From Continuing Operating Activities
496 405 313 260 286 319 247 226 177 207
Net Income / (Loss) Continuing Operations
123 169 132 103 -33 87 77 110 37 44
Consolidated Net Income / (Loss)
123 169 132 103 -33 87 77 110 37 44
Depreciation Expense
423 382 296 259 263 272 233 193 190 186
Amortization Expense
13 9.23 6.91 6.24 5.66 5.78 4.88 1.32 0.88 1.20
Non-Cash Adjustments To Reconcile Net Income
-57 -60 -54 -70 54 -15 -37 -13 39 -31
Changes in Operating Assets and Liabilities, net
-6.59 -94 -68 -38 -3.72 -31 -31 -65 -90 6.13
Net Cash From Investing Activities
-459 -609 -547 -171 21 -326 -526 -153 -114 -102
Net Cash From Continuing Investing Activities
-459 -609 -547 -307 21 -326 -526 -153 -114 -102
Purchase of Property, Plant & Equipment
-107 -84 -51 -35 -19 -43 -35 -23 -23 -27
Acquisitions
-158 -31 -136 0.00 0.00 -107 -196 - - -
Sale of Property, Plant & Equipment
11 4.45 24 12 15 6.05 9.26 7.51 3.81 4.29
Other Investing Activities, net
-206 -498 -383 -284 25 -182 -305 -138 -95 -79
Net Cash From Financing Activities
-29 130 -43 -42 -10 4.26 130 85 -62 -114
Net Cash From Continuing Financing Activities
-29 130 -43 -42 -10 4.26 130 85 -62 -114
Repayment of Debt
18 -1,613 -1,278 -0.14 -2,913 -1,412 -1,266 -2,027 -989 -1,059
Repurchase of Common Equity
-5.78 -6.05 -1.67 -2.11 -1.41 -1.68 -1.35 -0.78 -0.56 -0.47
Payment of Dividends
-40 -40 -40 -40 -40 -39 -39 -39 -39 -37
Issuance of Debt
0.00 1,790 1,278 0.00 2,944 1,458 1,437 2,152 966 983
Other Financing Activities, net
-0.32 -0.16 -1.14 -0.19 -0.25 -0.23 0.00 - - -
Cash Interest Paid
71 57 52 52 77 67 62 50 52 53
Cash Income Taxes Paid
11 5.81 5.89 4.81 -0.22 1.00 2.37 0.48 0.18 -1.59

Quarterly Cash Flow Statements for H&E Equipment Services

This table details how cash moves in and out of H&E Equipment Services' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-6.09 5.33 2.47 -0.47 0.58 1.58 -40 -43 8.62 -139 -58
Net Cash From Operating Activities
98 129 150 133 83 129 142 92 43 102 107
Net Cash From Continuing Operating Activities
98 129 150 133 83 129 142 92 43 102 107
Net Income / (Loss) Continuing Operations
-6.21 33 31 33 26 54 49 41 26 51 38
Consolidated Net Income / (Loss)
-6.21 33 31 33 26 54 49 41 26 51 38
Depreciation Expense
108 110 108 104 102 98 99 94 90 87 73
Amortization Expense
3.37 3.37 3.37 3.33 3.22 2.14 2.40 2.37 2.33 2.26 1.57
Non-Cash Adjustments To Reconcile Net Income
-8.67 -11 -9.09 -15 -22 -18 -17 -15 -10 -38 -9.60
Changes in Operating Assets and Liabilities, net
1.24 -5.00 17 7.83 -26 -6.44 7.77 -31 -64 -0.39 3.71
Net Cash From Investing Activities
-3.58 -37 -124 -156 -142 -157 -183 -212 -56 -230 -154
Net Cash From Continuing Investing Activities
-3.58 -37 -124 -156 -142 -157 -183 -212 -56 -230 -154
Purchase of Property, Plant & Equipment
-17 -13 -17 -38 -39 -28 -22 -21 -12 -15 -12
Acquisitions
0.00 - -0.12 -36 -122 -31 - - 0.00 - -
Sale of Property, Plant & Equipment
2.56 3.81 1.96 3.86 1.67 1.96 1.02 0.63 0.85 20 0.77
Other Investing Activities, net
10 -28 -109 -86 17 -99 -162 -192 -45 -99 -143
Net Cash From Financing Activities
-100 -87 -24 23 60 29 1.55 78 22 -11 -11
Net Cash From Continuing Financing Activities
-100 -87 -24 23 60 29 1.55 78 22 -11 -11
Repayment of Debt
-376 1,353 -417 -404 -515 -418 -442 -380 -373 -382 -323
Repurchase of Common Equity
-5.32 - -2.39 - -3.39 - -2.83 - -3.23 -0.04 -1.29
Payment of Dividends
-10 -10 -10 -10 -10 -10 -10 -10 -9.99 -9.99 -9.99
Issuance of Debt
291 -1,430 406 436 588 458 456 468 408 382 323
Other Financing Activities, net
-0.10 -0.09 -0.09 -0.07 -0.06 -0.06 -0.05 -0.03 -0.03 -1.11 -0.01
Cash Interest Paid
3.73 29 5.98 31 4.36 27 2.65 26 0.77 25 -3.70
Cash Income Taxes Paid
11 0.55 1.52 9.49 -0.21 1.00 0.94 3.47 0.41 3.34 0.66

Annual Balance Sheets for H&E Equipment Services

This table presents H&E Equipment Services' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
2,796 2,640 2,292 2,080 1,980 1,975 1,727 1,468 1,242 1,300
Total Current Assets
289 375 436 611 514 302 333 426 209 261
Cash & Equivalents
16 8.50 81 357 311 14 17 166 7.68 7.16
Accounts Receivable
249 247 225 157 151 192 202 176 140 147
Inventories, net
13 110 108 75 42 85 105 75 54 97
Prepaid Expenses
11 8.74 21 21 10 10 11 9.17 7.51 10
Plant, Property, & Equipment, net
243 184 135 112 109 131 115 102 105 111
Total Noncurrent Assets
2,264 2,082 1,721 1,357 1,358 1,542 1,279 940 927 927
Noncurrent Note & Lease Receivables
3.75 2.89 1.55 0.00 0.20 0.37 - - - -
Goodwill
135 108 103 63 63 131 106 31 31 31
Intangible Assets
63 33 33 25 29 33 28 - - -
Other Noncurrent Operating Assets
2,061 1,938 1,584 1,269 1,266 1,377 1,144 909 896 896
Total Liabilities & Shareholders' Equity
2,796 2,640 2,292 2,080 1,980 1,975 1,727 1,468 1,242 1,300
Total Liabilities
2,173 2,106 1,891 1,777 1,742 1,667 1,470 1,251 1,099 1,157
Total Current Liabilities
46 86 130 96 75 59 102 90 96 122
Accounts Payable
45 85 129 96 75 59 102 90 39 67
Dividends Payable
0.40 0.36 0.38 0.13 0.16 0.17 0.13 0.15 0.07 0.03
Total Noncurrent Liabilities
2,128 2,020 1,761 1,681 1,667 1,608 1,368 1,161 1,003 1,035
Long-Term Debt
199 182 0.00 - - - - - - -
Capital Lease Obligations
4.01 3.02 1.59 - - 0.55 0.73 1.49 1.70 1.91
Noncurrent Deferred & Payable Income Tax Liabilities
345 318 271 201 171 180 153 126 178 156
Other Noncurrent Operating Liabilities
1,579 1,517 1,488 1,480 1,472 1,425 1,213 1,031 821 875
Other Noncurrent Nonoperating Liabilities
0.00 0.00 0.00 - 24 - - - - -
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
622 534 401 303 238 308 257 217 143 143
Total Preferred & Common Equity
622 534 401 303 238 308 257 217 143 143
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
622 534 401 303 238 308 257 217 143 143
Common Stock
274 262 252 245 241 236 232 227 224 221
Retained Earnings
431 348 219 127 64 136 88 51 -20 -18
Treasury Stock
-82 -76 -70 -68 -66 -65 -63 -62 -61 -60

Quarterly Balance Sheets for H&E Equipment Services

This table presents H&E Equipment Services' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
2,678 2,893 2,851 2,758 2,589 2,560 2,423 2,219
Total Current Assets
258 300 297 373 411 504 529 562
Cash & Equivalents
10 11 8.61 9.08 6.92 47 90 220
Accounts Receivable
213 252 248 244 253 227 217 203
Inventories, net
13 22 22 101 137 196 195 117
Prepaid Expenses
22 14 18 19 13 35 27 21
Plant, Property, & Equipment, net
247 245 241 218 164 151 139 130
Total Noncurrent Assets
2,173 2,348 2,313 2,167 2,015 1,906 1,755 1,527
Noncurrent Note & Lease Receivables
3.63 3.88 3.68 2.81 2.98 1.68 1.51 1.59
Goodwill
135 135 135 126 97 103 103 63
Intangible Assets
61 66 69 67 28 29 31 22
Other Noncurrent Operating Assets
1,974 2,143 2,106 1,972 1,888 1,772 1,620 1,440
Total Liabilities & Shareholders' Equity
2,678 2,893 2,851 2,758 2,589 2,560 2,423 2,219
Total Liabilities
2,074 2,295 2,275 2,207 2,101 2,110 2,006 1,861
Total Current Liabilities
45 92 113 85 121 191 196 122
Accounts Payable
45 91 113 85 121 191 195 122
Dividends Payable
0.21 0.34 0.28 0.23 0.29 0.22 0.18 0.22
Total Noncurrent Liabilities
2,029 2,204 2,161 2,122 1,980 1,919 1,811 1,739
Long-Term Debt
114 276 287 255 142 128 40 -
Capital Lease Obligations
3.91 4.10 3.86 2.96 3.08 1.76 1.57 1.62
Noncurrent Deferred & Payable Income Tax Liabilities
335 344 333 323 307 291 278 226
Other Noncurrent Operating Liabilities
1,575 1,580 1,537 1,542 1,528 1,498 1,491 1,512
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
604 597 576 551 488 450 417 358
Total Preferred & Common Equity
604 597 576 551 488 450 417 358
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
604 597 576 551 488 450 417 358
Common Stock
276 271 268 266 260 257 255 250
Retained Earnings
415 408 387 364 305 266 235 178
Treasury Stock
-87 -82 -79 -79 -76 -73 -73 -70

Annual Metrics And Ratios for H&E Equipment Services

This table displays calculated financial ratios and metrics derived from H&E Equipment Services' official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
3.22% 18.06% 17.10% 5.54% -25.32% 8.83% 20.29% 5.30% -5.93% -4.64%
EBITDA Growth
-0.44% 25.50% 34.28% 26.99% -31.74% 13.74% 21.56% 10.23% -4.46% 1.51%
EBIT Growth
-17.10% 21.01% 73.28% 190.76% -74.70% 9.37% 20.55% 24.00% -13.16% -10.57%
NOPAT Growth
-17.33% 24.35% 72.12% 222.69% -77.59% 11.16% -52.13% 265.36% -7.10% -12.20%
Net Income Growth
-27.36% 28.09% 28.90% 413.89% -137.46% 13.82% -30.13% 195.00% -16.10% -19.65%
EPS Growth
-27.68% 27.32% 30.25% 408.79% -137.60% 13.62% -30.62% 192.38% -16.00% -19.87%
Operating Cash Flow Growth
22.22% 29.45% 20.67% -9.25% -10.40% 29.13% 9.29% 27.81% -14.35% 30.51%
Free Cash Flow Firm Growth
141.58% 13.28% -300.30% -72.34% 351.60% 224.34% -119.59% 382.66% 22.59% 24.53%
Invested Capital Growth
13.92% 120.97% 698.08% -10.55% -116.55% 22.00% 358.57% -61.60% -0.37% 14.85%
Revenue Q/Q Growth
-0.11% 2.28% 6.13% 9.30% -13.51% 0.16% 4.32% 5.14% 291.55% -42.88%
EBITDA Q/Q Growth
-2.14% 1.67% 12.95% 5.65% -7.58% 0.04% 6.38% 3.54% -0.89% -1.77%
EBIT Q/Q Growth
-10.37% 0.01% 20.55% 16.16% -29.80% -4.03% 6.68% 8.23% -3.11% -5.61%
NOPAT Q/Q Growth
-10.19% 3.60% 19.34% 12.26% -13.93% -2.10% -44.56% 168.80% 4.12% -6.36%
Net Income Q/Q Growth
-14.44% 1.42% -1.44% 194.34% -943.45% -3.47% -44.27% 203.26% 1.26% -9.61%
EPS Q/Q Growth
-14.25% 0.43% -0.54% 195.79% -1,111.11% -3.97% -44.39% 200.98% 1.94% -10.07%
Operating Cash Flow Q/Q Growth
0.09% 7.12% 16.57% -4.21% -12.99% 0.77% 18.95% 1.00% -9.21% 19.58%
Free Cash Flow Firm Q/Q Growth
258.92% 37.14% -571.44% -65.11% 436.88% -8.88% -155.76% 261.92% 7.55% -18.32%
Invested Capital Q/Q Growth
-6.59% 13.40% 131.29% -229.60% -119.47% 3.49% 2.02% -61.16% 1.98% 3.65%
Profitability Metrics
- - - - - - - - - -
Gross Margin
44.52% 46.59% 44.61% 39.08% 35.46% 37.02% 35.40% 34.94% 34.31% 33.25%
EBITDA Margin
44.32% 45.95% 43.22% 37.69% 31.32% 34.27% 32.79% 32.45% 31.00% 30.52%
Operating Margin
15.12% 18.83% 18.33% 12.45% 4.31% 13.36% 13.45% 13.39% 11.32% 12.33%
EBIT Margin
15.53% 19.34% 18.86% 12.75% 4.63% 13.66% 13.59% 13.56% 11.52% 12.47%
Profit (Net Income) Margin
8.11% 11.52% 10.62% 9.65% -3.24% 6.47% 6.18% 10.65% 3.80% 4.26%
Tax Burden Percent
75.66% 75.85% 73.13% 125.47% 54.61% 75.27% 73.21% 184.78% 62.97% 58.55%
Interest Burden Percent
69.02% 78.57% 76.98% 60.32% -128.39% 62.92% 62.16% 42.49% 52.41% 58.34%
Effective Tax Rate
24.34% 24.15% 26.03% 25.89% 0.00% 24.73% 26.79% -84.78% 37.03% 41.45%
Return on Invested Capital (ROIC)
22.82% 40.65% 126.00% 0.00% 24.77% 50.70% 83.12% 269.10% 50.87% 58.43%
ROIC Less NNEP Spread (ROIC-NNEP)
-4.95% -42.89% 142.77% 0.00% 66.75% 380.57% 133.53% 439.75% 636.20% 382.70%
Return on Net Nonoperating Assets (RNNOA)
-1.56% -4.45% -88.47% 0.00% -36.74% -19.79% -50.77% -208.11% -24.82% -26.32%
Return on Equity (ROE)
21.26% 36.20% 37.53% 37.86% -11.97% 30.91% 32.36% 61.00% 26.05% 32.11%
Cash Return on Invested Capital (CROIC)
9.80% -34.72% -64.25% 0.00% 0.00% 30.88% -45.26% 358.12% 51.25% 44.61%
Operating Return on Assets (OROA)
8.67% 11.52% 10.74% 6.67% 2.36% 9.95% 10.54% 10.31% 8.86% 9.76%
Return on Assets (ROA)
4.53% 6.87% 6.05% 5.05% -1.65% 4.71% 4.80% 8.09% 2.93% 3.33%
Return on Common Equity (ROCE)
21.26% 36.20% 37.53% 37.86% -11.97% 30.91% 32.36% 61.00% 26.05% 32.11%
Return on Equity Simple (ROE_SIMPLE)
19.76% 31.69% 32.96% 33.80% -13.71% 28.36% 29.84% 50.58% 26.04% 31.07%
Net Operating Profit after Tax (NOPAT)
173 210 169 98 30 136 122 255 70 75
NOPAT Margin
11.44% 14.29% 13.56% 9.23% 3.02% 10.06% 9.85% 24.74% 7.13% 7.22%
Net Nonoperating Expense Percent (NNEP)
27.77% 83.54% -16.77% 1.39% -41.98% -329.87% -50.40% -170.65% -585.33% -324.26%
Return On Investment Capital (ROIC_SIMPLE)
21.01% 29.19% 41.92% - - - - - - -
Cost of Revenue to Revenue
55.48% 53.41% 55.39% 60.92% 64.54% 62.98% 64.60% 65.06% 65.69% 66.75%
SG&A Expenses to Revenue
30.04% 27.60% 27.63% 27.36% 26.46% 23.07% 22.46% 22.60% 23.32% 21.18%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
29.40% 27.75% 26.28% 26.63% 31.15% 23.66% 21.94% 21.55% 22.99% 20.92%
Earnings before Interest and Taxes (EBIT)
236 284 235 135 47 184 168 140 113 130
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
672 675 538 401 315 462 406 334 303 317
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
2.87 3.48 3.91 4.94 4.10 3.37 2.36 5.36 4.44 3.11
Price to Tangible Book Value (P/TBV)
4.22 4.73 5.90 6.96 6.69 7.23 4.94 6.26 5.68 3.98
Price to Revenue (P/Rev)
1.18 1.27 1.26 1.41 0.97 0.77 0.49 1.13 0.65 0.43
Price to Earnings (P/E)
14.53 10.99 11.87 14.62 0.00 11.87 7.90 10.59 17.04 9.99
Dividend Yield
2.25% 2.15% 2.55% 2.65% 4.06% 3.81% 6.49% 3.38% 6.18% 8.40%
Earnings Yield
6.88% 9.10% 8.42% 6.84% 0.00% 8.42% 12.65% 9.44% 5.87% 10.01%
Enterprise Value to Invested Capital (EV/IC)
2.44 2.87 4.63 0.00 0.00 3.48 2.45 18.97 4.58 3.19
Enterprise Value to Revenue (EV/Rev)
1.30 1.39 1.20 1.07 0.66 0.76 0.48 0.97 0.64 0.42
Enterprise Value to EBITDA (EV/EBITDA)
2.94 3.02 2.77 2.85 2.11 2.21 1.45 2.98 2.07 1.38
Enterprise Value to EBIT (EV/EBIT)
8.38 7.17 6.34 8.43 14.32 5.55 3.50 7.14 5.57 3.37
Enterprise Value to NOPAT (EV/NOPAT)
11.38 9.71 8.82 11.64 21.95 7.53 4.83 3.91 8.99 5.83
Enterprise Value to Operating Cash Flow (EV/OCF)
3.98 5.02 4.75 4.40 2.33 3.20 2.39 4.41 3.55 2.12
Enterprise Value to Free Cash Flow (EV/FCFF)
26.48 0.00 0.00 11.06 1.79 12.37 0.00 2.94 8.93 7.63
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.33 0.35 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01
Long-Term Debt to Equity
0.33 0.35 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01
Financial Leverage
0.31 0.10 -0.62 -1.19 -0.55 -0.05 -0.38 -0.47 -0.04 -0.07
Leverage Ratio
4.70 5.27 6.21 7.50 7.25 6.56 6.75 7.54 8.91 9.63
Compound Leverage Factor
3.24 4.14 4.78 4.52 -9.30 4.13 4.19 3.20 4.67 5.62
Debt to Total Capital
24.62% 25.68% 0.40% 0.00% 0.00% 0.18% 0.28% 0.68% 1.18% 1.32%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
24.62% 25.68% 0.40% 0.00% 0.00% 0.18% 0.28% 0.68% 1.18% 1.32%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
75.38% 74.32% 99.60% 100.00% 100.00% 99.82% 99.72% 99.32% 98.82% 98.68%
Debt to EBITDA
0.30 0.27 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01
Net Debt to EBITDA
0.28 0.26 -0.15 0.00 0.00 -0.03 -0.04 -0.49 -0.02 -0.02
Long-Term Debt to EBITDA
0.30 0.27 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01
Debt to NOPAT
1.17 0.88 0.01 0.00 0.00 0.00 0.01 0.01 0.02 0.03
Net Debt to NOPAT
1.08 0.84 -0.47 0.00 0.00 -0.10 -0.13 -0.65 -0.09 -0.07
Long-Term Debt to NOPAT
1.17 0.88 0.01 0.00 0.00 0.00 0.01 0.01 0.02 0.03
Altman Z-Score
1.63 1.76 1.67 1.61 1.23 1.61 1.52 1.90 1.52 1.47
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
6.35 4.36 3.36 6.38 6.81 5.12 3.27 4.74 2.17 2.14
Quick Ratio
5.82 2.98 2.36 5.37 6.12 3.50 2.14 3.80 1.53 1.26
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
75 -179 -207 103 373 83 -66 339 70 57
Operating Cash Flow to CapEx
519.97% 510.54% 1,125.70% 1,141.58% 6,908.60% 861.33% 961.95% 1,507.09% 927.08% 917.98%
Free Cash Flow to Firm to Interest Expense
1.02 -2.94 -3.83 1.92 3.51 1.21 -1.04 4.22 1.31 1.06
Operating Cash Flow to Interest Expense
6.79 6.66 5.80 4.83 2.69 4.68 3.88 2.82 3.30 3.82
Operating Cash Flow Less CapEx to Interest Expense
5.49 5.35 5.28 4.41 2.65 4.13 3.48 2.63 2.95 3.41
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.56 0.60 0.57 0.52 0.51 0.73 0.78 0.76 0.77 0.78
Accounts Receivable Turnover
6.11 6.22 6.51 6.91 5.88 6.85 6.56 6.52 6.81 6.67
Inventory Turnover
13.69 7.21 7.53 11.05 10.21 8.94 8.91 10.40 8.53 6.01
Fixed Asset Turnover
7.11 9.23 10.08 9.61 8.41 10.98 11.42 9.94 9.05 9.42
Accounts Payable Turnover
12.88 7.30 6.13 7.58 9.69 10.57 8.35 10.37 12.10 11.56
Days Sales Outstanding (DSO)
59.70 58.72 56.09 52.84 62.11 53.30 55.63 56.01 53.62 54.70
Days Inventory Outstanding (DIO)
26.66 50.64 48.48 33.03 35.77 40.85 40.95 35.11 42.81 60.69
Days Payable Outstanding (DPO)
28.34 49.99 59.59 48.16 37.66 34.53 43.69 35.19 30.17 31.58
Cash Conversion Cycle (CCC)
58.02 59.37 44.99 37.71 60.22 59.61 52.89 55.93 66.26 83.80
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
810 711 322 -54 -49 294 241 53 137 137
Invested Capital Turnover
1.99 2.85 9.29 -20.75 8.21 5.04 8.44 10.88 7.13 8.09
Increase / (Decrease) in Invested Capital
99 389 375 -5.13 -343 53 188 -84 -0.52 18
Enterprise Value (EV)
1,974 2,037 1,489 1,142 667 1,022 590 997 627 438
Market Capitalization
1,787 1,861 1,569 1,499 978 1,035 606 1,161 633 443
Book Value per Share
$17.00 $14.66 $11.04 $8.39 $6.60 $8.58 $7.19 $6.08 $4.02 $4.02
Tangible Book Value per Share
$11.58 $10.80 $7.32 $5.96 $4.05 $3.99 $3.43 $5.21 $3.14 $3.14
Total Capital
826 719 403 303 238 308 258 218 144 144
Total Debt
203 185 1.59 0.00 0.00 0.55 0.73 1.49 1.70 1.91
Total Long-Term Debt
203 185 1.59 0.00 0.00 0.55 0.73 1.49 1.70 1.91
Net Debt
187 176 -80 -357 -311 -14 -16 -164 -5.98 -5.25
Capital Expenditures (CapEx)
95 79 28 23 4.14 37 26 15 19 23
Debt-free, Cash-free Net Working Capital (DFCFNWC)
227 280 225 158 127 229 215 170 105 132
Debt-free Net Working Capital (DFNWC)
244 289 306 515 438 243 231 336 113 139
Net Working Capital (NWC)
244 289 306 515 438 243 231 336 113 139
Net Nonoperating Expense (NNE)
51 41 37 -4.48 63 48 45 145 33 31
Net Nonoperating Obligations (NNO)
187 177 -79 -357 -287 -14 -16 -164 -5.91 -5.22
Total Depreciation and Amortization (D&A)
437 391 303 265 269 278 238 195 191 188
Debt-free, Cash-free Net Working Capital to Revenue
14.99% 19.08% 18.06% 14.85% 12.64% 16.98% 17.33% 16.54% 10.75% 12.68%
Debt-free Net Working Capital to Revenue
16.07% 19.65% 24.59% 48.47% 43.51% 18.03% 18.67% 32.64% 11.53% 13.37%
Net Working Capital to Revenue
16.07% 19.65% 24.59% 48.47% 43.51% 18.03% 18.67% 32.64% 11.53% 13.37%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$3.39 $4.69 $3.68 $0.00 ($0.91) $2.43 $2.15 $3.09 $1.05 $1.26
Adjusted Weighted Average Basic Shares Outstanding
36.27M 36.10M 35.94M 0.00 36.07M 35.86M 35.68M 35.52M 35.39M 35.27M
Adjusted Diluted Earnings per Share
$3.37 $4.66 $3.66 $0.00 ($0.91) $2.42 $2.13 $3.07 $1.05 $1.25
Adjusted Weighted Average Diluted Shares Outstanding
36.51M 36.33M 36.09M 0.00 36.07M 36.03M 35.90M 35.70M 35.48M 35.34M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
36.61M 36.46M 36.32M 0.00 36.11M 35.87M 35.75M 35.66M 35.58M 35.47M
Normalized Net Operating Profit after Tax (NOPAT)
166 212 156 92 63 142 117 93 68 73
Normalized NOPAT Margin
10.96% 14.41% 12.56% 8.69% 6.30% 10.50% 9.47% 9.03% 6.92% 7.07%
Pre Tax Income Margin
10.72% 15.19% 14.52% 7.69% -5.94% 8.59% 8.45% 5.76% 6.03% 7.28%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
3.23 4.67 4.34 2.52 0.44 2.70 2.64 1.74 2.10 2.40
NOPAT to Interest Expense
2.38 3.45 3.12 1.82 0.29 1.99 1.92 3.17 1.30 1.39
EBIT Less CapEx to Interest Expense
1.92 3.36 3.83 2.10 0.40 2.15 2.24 1.55 1.75 1.98
NOPAT Less CapEx to Interest Expense
1.07 2.14 2.61 1.40 0.25 1.44 1.51 2.99 0.95 0.97
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
32.70% 23.65% 30.16% 38.76% -121.21% 45.16% 51.26% 35.72% 105.10% 83.77%
Augmented Payout Ratio
37.40% 27.23% 31.42% 40.82% -125.51% 47.10% 53.02% 36.44% 106.60% 84.83%

Quarterly Metrics And Ratios for H&E Equipment Services

This table displays calculated financial ratios and metrics derived from H&E Equipment Services' official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-13.98% -0.45% -3.95% 4.46% 15.16% 9.26% 23.56% 22.25% 18.36% 25.55% 17.73%
EBITDA Growth
-24.80% -8.02% -5.80% 2.68% 12.76% 6.44% 32.02% 36.56% 35.28% 55.84% 23.54%
EBIT Growth
-85.40% -32.92% -24.51% -8.95% 10.63% 0.02% 26.83% 36.93% 36.15% 93.64% 40.19%
NOPAT Growth
-89.30% -29.00% -25.72% -11.54% 10.78% 12.41% 22.36% 38.19% 35.13% 88.61% 39.18%
Net Income Growth
-123.98% -38.79% -36.44% -19.30% 0.84% 4.64% 27.37% 56.44% 57.55% -3.64% 29.93%
EPS Growth
-123.94% -38.36% -37.04% -20.18% 0.00% 1.39% 28.57% 58.33% 57.78% -1.37% 29.63%
Operating Cash Flow Growth
17.34% 0.36% 5.79% 45.07% 92.83% 26.41% 32.31% 39.54% 12.32% 77.43% -12.00%
Free Cash Flow Firm Growth
123.27% 83.78% 54.20% 34.68% -4.84% -2.03% -762.95% -1,932.18% -1,555.86% -980.95% -120.49%
Invested Capital Growth
-10.92% 13.92% 38.30% 61.21% 116.95% 120.97% 350.68% 930.36% 1,007.66% 698.08% 235.12%
Revenue Q/Q Growth
-16.83% -0.20% 2.28% 1.33% -3.75% -3.72% 11.23% 11.71% -8.68% 8.89% 10.05%
EBITDA Q/Q Growth
-29.21% -2.83% 1.00% 8.23% -13.41% -0.48% 10.09% 18.85% -18.26% 23.43% 13.87%
EBIT Q/Q Growth
-85.91% -10.61% -3.37% 19.99% -35.28% 0.60% 16.55% 45.79% -41.49% 27.56% 25.83%
NOPAT Q/Q Growth
-91.20% 6.89% -4.12% 18.56% -41.56% 11.82% 14.18% 48.47% -40.70% 21.72% 28.96%
Net Income Q/Q Growth
-118.95% 5.46% -6.59% 28.48% -51.63% 9.50% 18.59% 60.54% -49.81% 33.29% 45.66%
EPS Q/Q Growth
-118.89% 5.88% -6.59% 28.17% -51.37% 8.15% 18.42% 60.56% -50.69% 37.14% 45.83%
Operating Cash Flow Q/Q Growth
-24.45% -13.59% 12.62% 59.58% -35.38% -8.91% 54.43% 112.11% -57.64% -4.65% 62.87%
Free Cash Flow Firm Q/Q Growth
274.06% 73.30% 29.98% 28.50% -21.32% 24.59% 0.14% -14.75% -18.07% -537.84% -312.02%
Invested Capital Q/Q Growth
-12.06% -6.59% 0.93% 7.44% 12.47% 13.40% 17.65% 44.58% 14.55% 131.29% 168.98%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
38.69% 43.64% 44.55% 45.52% 44.40% 48.30% 47.01% 46.74% 43.84% 45.13% 46.84%
EBITDA Margin
37.33% 43.86% 45.05% 45.62% 42.71% 47.47% 45.93% 46.41% 43.62% 48.73% 42.99%
Operating Margin
1.83% 14.01% 15.76% 16.69% 14.01% 21.06% 19.77% 19.30% 14.48% 22.32% 19.73%
EBIT Margin
2.45% 14.46% 16.14% 17.08% 14.43% 21.46% 20.54% 19.60% 15.02% 23.44% 20.01%
Profit (Net Income) Margin
-1.94% 8.53% 8.07% 8.84% 6.97% 13.87% 12.20% 11.44% 7.96% 14.49% 11.83%
Tax Burden Percent
75.95% 86.36% 71.67% 72.22% 73.54% 80.58% 73.90% 73.73% 73.93% 73.90% 74.76%
Interest Burden Percent
-104.49% 68.32% 69.78% 71.65% 65.72% 80.25% 80.38% 79.18% 71.72% 83.64% 79.12%
Effective Tax Rate
0.00% 13.64% 28.33% 27.78% 26.46% 19.42% 26.10% 26.27% 26.07% 26.10% 25.24%
Return on Invested Capital (ROIC)
2.48% 24.14% 22.97% 26.57% 26.78% 48.29% 54.80% 66.24% 84.55% 153.22% 191.62%
ROIC Less NNEP Spread (ROIC-NNEP)
-3.29% 16.60% 16.89% 19.96% 14.45% 23.72% 78.97% 76.59% 88.98% 156.47% 195.95%
Return on Net Nonoperating Assets (RNNOA)
-1.02% 5.22% 6.35% 7.12% 3.00% 2.46% -7.47% -19.11% -48.89% -96.96% -138.62%
Return on Equity (ROE)
1.47% 29.36% 29.32% 33.69% 29.77% 50.75% 47.34% 47.13% 35.66% 56.26% 53.00%
Cash Return on Invested Capital (CROIC)
30.03% 9.80% -6.28% -16.98% -37.20% -34.72% -74.46% -98.96% -62.79% -64.25% 48.56%
Operating Return on Assets (OROA)
1.32% 8.07% 8.94% 9.69% 8.45% 12.78% 12.27% 11.27% 8.55% 13.34% 10.99%
Return on Assets (ROA)
-1.05% 4.76% 4.47% 5.01% 4.09% 8.27% 7.29% 6.58% 4.53% 8.25% 6.50%
Return on Common Equity (ROCE)
1.47% 29.36% 29.32% 33.69% 29.77% 50.75% 47.34% 47.13% 35.66% 56.26% 53.00%
Return on Equity Simple (ROE_SIMPLE)
15.05% 0.00% 24.07% 28.05% 30.78% 0.00% 34.20% 34.77% 33.97% 0.00% 37.49%
Net Operating Profit after Tax (NOPAT)
4.09 46 43 45 38 65 59 51 35 58 48
NOPAT Margin
1.28% 12.10% 11.30% 12.05% 10.30% 16.97% 14.61% 14.23% 10.71% 16.49% 14.75%
Net Nonoperating Expense Percent (NNEP)
5.77% 7.54% 6.08% 6.61% 12.33% 24.57% -24.17% -10.35% -4.43% -3.25% -4.34%
Return On Investment Capital (ROIC_SIMPLE)
0.57% 5.63% - - - 9.11% - - - 14.46% -
Cost of Revenue to Revenue
61.31% 56.36% 55.45% 54.48% 55.60% 51.70% 52.99% 53.26% 56.16% 54.87% 53.16%
SG&A Expenses to Revenue
34.93% 30.46% 29.22% 29.72% 30.77% 27.64% 26.01% 27.55% 29.56% 26.76% 27.27%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
36.86% 29.62% 28.79% 28.83% 30.39% 27.24% 27.24% 27.43% 29.36% 22.81% 27.10%
Earnings before Interest and Taxes (EBIT)
7.82 56 62 64 54 83 82 71 48 83 65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
119 168 173 172 159 183 184 167 141 172 139
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
5.75 2.87 2.98 2.80 4.22 3.48 3.15 3.62 3.74 3.91 2.75
Price to Tangible Book Value (P/TBV)
8.51 4.22 4.49 4.33 6.49 4.73 4.22 5.12 5.51 5.90 3.60
Price to Revenue (P/Rev)
2.37 1.18 1.17 1.05 1.53 1.27 1.07 1.20 1.20 1.26 0.84
Price to Earnings (P/E)
38.19 14.53 12.37 9.99 13.72 10.99 9.20 10.40 11.01 11.87 7.32
Dividend Yield
1.16% 2.25% 2.26% 2.49% 1.72% 2.15% 2.61% 2.46% 2.56% 2.55% 4.05%
Earnings Yield
2.62% 6.88% 8.08% 10.01% 7.29% 9.10% 10.87% 9.62% 9.08% 8.42% 13.65%
Enterprise Value to Invested Capital (EV/IC)
5.03 2.44 2.36 2.21 3.22 2.87 2.67 3.21 4.10 4.63 5.49
Enterprise Value to Revenue (EV/Rev)
2.44 1.30 1.35 1.24 1.70 1.39 1.17 1.26 1.17 1.20 0.65
Enterprise Value to EBITDA (EV/EBITDA)
5.66 2.94 2.98 2.72 3.71 3.02 2.52 2.76 2.63 2.77 1.60
Enterprise Value to EBIT (EV/EBIT)
18.86 8.38 7.79 6.70 8.90 7.17 5.89 6.41 6.10 6.34 3.92
Enterprise Value to NOPAT (EV/NOPAT)
25.62 11.38 10.60 9.12 12.04 9.71 8.26 8.91 8.50 8.82 5.40
Enterprise Value to Operating Cash Flow (EV/OCF)
7.02 3.98 4.13 3.89 5.78 5.02 4.42 4.97 4.75 4.75 2.84
Enterprise Value to Free Cash Flow (EV/FCFF)
15.77 26.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 17.41
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.20 0.33 0.47 0.51 0.47 0.35 0.30 0.29 0.10 0.00 0.00
Long-Term Debt to Equity
0.20 0.33 0.47 0.51 0.47 0.35 0.30 0.29 0.10 0.00 0.00
Financial Leverage
0.31 0.31 0.38 0.36 0.21 0.10 -0.09 -0.25 -0.55 -0.62 -0.71
Leverage Ratio
4.71 4.70 5.05 5.27 5.36 5.27 5.68 6.08 6.25 6.21 6.92
Compound Leverage Factor
-4.92 3.21 3.52 3.78 3.52 4.23 4.57 4.81 4.48 5.19 5.47
Debt to Total Capital
16.39% 24.62% 31.95% 33.57% 31.87% 25.68% 22.94% 22.36% 9.07% 0.40% 0.45%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
16.39% 24.62% 31.95% 33.57% 31.87% 25.68% 22.94% 22.36% 9.07% 0.40% 0.45%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
83.61% 75.38% 68.05% 66.43% 68.13% 74.32% 77.06% 77.64% 90.93% 99.60% 99.55%
Debt to EBITDA
0.19 0.30 0.41 0.42 0.37 0.27 0.22 0.21 0.07 0.00 0.00
Net Debt to EBITDA
0.17 0.28 0.39 0.41 0.36 0.26 0.21 0.13 -0.08 -0.15 -0.46
Long-Term Debt to EBITDA
0.19 0.30 0.41 0.42 0.37 0.27 0.22 0.21 0.07 0.00 0.00
Debt to NOPAT
0.85 1.17 1.45 1.40 1.21 0.88 0.72 0.68 0.23 0.01 0.01
Net Debt to NOPAT
0.77 1.08 1.39 1.36 1.16 0.84 0.68 0.43 -0.27 -0.47 -1.55
Long-Term Debt to NOPAT
0.85 1.17 1.45 1.40 1.21 0.88 0.72 0.68 0.23 0.01 0.01
Altman Z-Score
1.87 1.42 1.34 1.31 1.56 1.51 1.40 1.38 1.37 1.45 1.29
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
5.70 6.35 3.27 2.62 4.40 4.36 3.38 2.63 2.71 3.36 4.60
Quick Ratio
4.94 5.82 2.87 2.27 2.98 2.98 2.14 1.43 1.57 2.36 3.47
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
91 -52 -197 -281 -393 -324 -429 -430 -375 -317 -50
Operating Cash Flow to CapEx
695.88% 1,449.23% 1,008.25% 390.56% 222.46% 486.67% 674.22% 449.88% 374.60% 0.00% 963.82%
Free Cash Flow to Firm to Interest Expense
5.71 -2.98 -10.47 -15.40 -21.38 -19.80 -26.58 -29.24 -27.35 -23.43 -3.67
Operating Cash Flow to Interest Expense
6.11 7.36 7.98 7.30 4.54 7.89 8.77 6.24 3.16 7.54 7.90
Operating Cash Flow Less CapEx to Interest Expense
5.24 6.85 7.19 5.43 2.50 6.27 7.47 4.85 2.31 7.90 7.08
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.54 0.56 0.55 0.57 0.59 0.60 0.60 0.57 0.57 0.57 0.55
Accounts Receivable Turnover
6.41 6.11 6.01 6.46 6.59 6.22 6.29 6.63 6.85 6.51 6.50
Inventory Turnover
14.65 13.69 10.37 7.57 5.48 7.21 6.12 4.65 4.76 7.53 7.20
Fixed Asset Turnover
6.31 7.11 7.44 7.83 8.52 9.23 9.80 9.94 10.16 10.08 9.80
Accounts Payable Turnover
12.82 12.88 7.76 5.41 5.79 7.30 6.41 4.51 4.61 6.13 6.35
Days Sales Outstanding (DSO)
56.93 59.70 60.77 56.47 55.37 58.72 57.99 55.03 53.26 56.09 56.14
Days Inventory Outstanding (DIO)
24.92 26.66 35.21 48.21 66.55 50.64 59.61 78.43 76.70 48.48 50.73
Days Payable Outstanding (DPO)
28.47 28.34 47.03 67.44 63.05 49.99 56.94 81.00 79.26 59.59 57.48
Cash Conversion Cycle (CCC)
53.38 58.02 48.95 37.24 58.87 59.37 60.67 52.45 50.70 44.99 49.39
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
712 810 867 859 799 711 627 533 368 322 139
Invested Capital Turnover
1.94 1.99 2.03 2.20 2.60 2.85 3.75 4.65 7.90 9.29 12.99
Increase / (Decrease) in Invested Capital
-87 99 240 326 431 389 488 481 409 375 98
Enterprise Value (EV)
3,579 1,974 2,047 1,896 2,574 2,037 1,674 1,709 1,510 1,489 763
Market Capitalization
3,471 1,787 1,778 1,613 2,326 1,861 1,536 1,626 1,559 1,569 982
Book Value per Share
$16.49 $17.00 $16.35 $15.77 $15.21 $14.66 $13.42 $12.37 $11.47 $11.04 $9.89
Tangible Book Value per Share
$11.14 $11.58 $10.84 $10.21 $9.90 $10.80 $10.00 $8.74 $7.79 $7.32 $7.54
Total Capital
722 826 878 867 808 719 633 579 458 403 359
Total Debt
118 203 280 291 258 185 145 130 42 1.59 1.62
Total Long-Term Debt
118 203 280 291 258 185 145 130 42 1.59 1.62
Net Debt
108 187 269 283 249 176 138 83 -48 -80 -219
Capital Expenditures (CapEx)
14 8.93 15 34 37 27 21 20 12 -4.94 11
Debt-free, Cash-free Net Working Capital (DFCFNWC)
202 227 197 175 279 280 282 266 244 225 220
Debt-free Net Working Capital (DFNWC)
213 244 208 183 288 289 289 312 333 306 440
Net Working Capital (NWC)
213 244 208 183 288 289 289 312 333 306 440
Net Nonoperating Expense (NNE)
10 14 12 12 12 12 9.66 10 8.86 7.08 9.47
Net Nonoperating Obligations (NNO)
108 187 270 283 249 177 139 83 -48 -79 -219
Total Depreciation and Amortization (D&A)
111 113 111 107 105 100 102 97 92 89 75
Debt-free, Cash-free Net Working Capital to Revenue
13.81% 14.99% 12.98% 11.39% 18.37% 19.08% 19.65% 19.52% 18.81% 18.06% 18.74%
Debt-free Net Working Capital to Revenue
14.52% 16.07% 13.71% 11.95% 18.97% 19.65% 20.13% 22.97% 25.76% 24.59% 37.55%
Net Working Capital to Revenue
14.52% 16.07% 13.71% 11.95% 18.97% 19.65% 20.13% 22.97% 25.76% 24.59% 37.55%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.17) $0.89 $0.86 $0.92 $0.72 $1.49 $1.35 $1.14 $0.71 $1.46 $1.05
Adjusted Weighted Average Basic Shares Outstanding
36.36M 36.27M 36.30M 36.25M 36.20M 36.10M 36.13M 36.08M 36.03M 35.94M 36.46M
Adjusted Diluted Earnings per Share
($0.17) $0.90 $0.85 $0.91 $0.71 $1.46 $1.35 $1.14 $0.71 $1.44 $1.05
Adjusted Weighted Average Diluted Shares Outstanding
36.36M 36.51M 36.46M 36.47M 36.56M 36.33M 36.32M 36.30M 36.35M 36.09M 36.55M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
36.67M 36.61M 36.61M 36.52M 36.53M 36.46M 36.45M 36.38M 36.38M 36.32M 36.31M
Normalized Net Operating Profit after Tax (NOPAT)
1.56 44 42 43 37 64 62 51 34 58 47
Normalized NOPAT Margin
0.49% 11.38% 10.99% 11.41% 10.02% 16.65% 15.52% 14.14% 10.56% 16.49% 14.63%
Pre Tax Income Margin
-2.56% 9.88% 11.26% 12.24% 9.48% 17.22% 16.51% 15.52% 10.77% 19.60% 15.83%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.49 3.16 3.31 3.53 2.92 5.06 5.10 4.80 3.54 6.11 4.79
NOPAT to Interest Expense
0.26 2.64 2.32 2.49 2.08 4.00 3.63 3.49 2.52 4.30 3.53
EBIT Less CapEx to Interest Expense
-0.39 2.65 2.52 1.66 0.88 3.44 3.80 3.42 2.69 6.48 3.97
NOPAT Less CapEx to Interest Expense
-0.62 2.13 1.53 0.62 0.04 2.38 2.33 2.10 1.68 4.67 2.71
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
44.29% 32.70% 27.94% 24.83% 23.64% 23.65% 23.96% 25.55% 28.19% 30.16% 29.69%
Augmented Payout Ratio
52.77% 37.40% 31.96% 28.68% 27.31% 27.23% 27.61% 28.46% 31.41% 31.42% 30.90%

Frequently Asked Questions About H&E Equipment Services' Financials

When does H&E Equipment Services's financial year end?

According to the most recent income statement we have on file, H&E Equipment Services' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has H&E Equipment Services' net income changed over the last 9 years?

H&E Equipment Services' net income appears to be on an upward trend, with a most recent value of $122.98 million in 2024, rising from $44.31 million in 2015. The previous period was $169.29 million in 2023. See where experts think H&E Equipment Services is headed by visiting H&E Equipment Services' forecast page.

What is H&E Equipment Services's operating income?
H&E Equipment Services's total operating income in 2024 was $229.31 million, based on the following breakdown:
  • Total Gross Profit: $675.20 million
  • Total Operating Expenses: $445.89 million
How has H&E Equipment Services revenue changed over the last 9 years?

Over the last 9 years, H&E Equipment Services' total revenue changed from $1.04 billion in 2015 to $1.52 billion in 2024, a change of 45.8%.

How much debt does H&E Equipment Services have?

H&E Equipment Services' total liabilities were at $2.17 billion at the end of 2024, a 3.2% increase from 2023, and a 87.8% increase since 2015.

How much cash does H&E Equipment Services have?

In the past 9 years, H&E Equipment Services' cash and equivalents has ranged from $7.16 million in 2015 to $357.30 million in 2021, and is currently $16.41 million as of their latest financial filing in 2024.

How has H&E Equipment Services' book value per share changed over the last 9 years?

Over the last 9 years, H&E Equipment Services' book value per share changed from 4.02 in 2015 to 17.00 in 2024, a change of 322.5%.



This page (NASDAQ:HEES) was last updated on 5/29/2025 by MarketBeat.com Staff
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