Hertz Global (HTZ) Financials

$6.25 -0.22 (-3.40%)

As of 04:00 PM Eastern

Annual Income Statements for Hertz Global

This table shows Hertz Global's 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	2014
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	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	-2,862	616	2,059	366	-1,714	-58	-225	327	-491	273	-82
Consolidated Net Income / (Loss)	-2,862	616	2,059	365	-1,723	-50	-227	327	-491	273	-82
Net Income / (Loss) Continuing Operations	-2,862	616	2,059	365	-1,723	-50	-227	327	-474	115	-214
Total Pre-Tax Income	-3,237	286	2,449	683	-2,052	13	-257	-575	-470	132	-231
Total Operating Income	-2,274	-27	2,779	1,310	-2,052	759	442	-575	-201	616	376
Total Gross Profit	9,049	3,916	8,685	3,416	5,258	4,474	4,149	3,845	3,591	3,962	4,017
Total Revenue	9,049	9,371	8,685	7,336	5,258	9,779	9,504	8,803	8,523	9,017	9,475
Operating Revenue	9,049	9,371	8,685	-	5,258	9,779	9,504	8,803	7,931	8,434	8,907
Total Cost of Revenue	0.00	5,455	0.00	3,920	0.00	5,305	5,355	4,958	4,932	5,055	5,458
Total Operating Expenses	11,323	3,943	5,906	6,653	7,310	3,715	3,707	4,420	3,792	3,346	3,641
Selling, General & Admin Expense	819	962	959	688	645	949	1,017	880	899	873	936
Depreciation Expense	3,750	2,188	843	693	2,255	2,766	2,690	2,798	2,601	2,433	2,705
Other Operating Expenses / (Income)	5,414	793	4,104	448	4,197	-	0.00	656	-	-	-
Impairment Charge	1,048	0.00	0.00	-	213	0.00	0.00	86	292	40	0.00
Other Special Charges / (Income)	292	0.00	0.00	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-963	313	-330	-627	0.00	-746	-699	0.00	-269	-484	-607
Interest Expense	959	-	328	-	-	805	739	-	344	346	617
Other Income / (Expense), net	-4.00	313	-2.00	-627	-	59	40	-	75	-138	10
Income Tax Expense	-375	-330	390	318	-329	63	-30	-902	4.00	17	-17
Basic Earnings per Share	($9.34)	$1.97	$5.43	($0.27)	($11.44)	($0.49)	($2.35)	$3.44	($5.85)	$3.03	($0.90)
Weighted Average Basic Shares Outstanding	306M	313M	379M	315M	150M	117M	96M	95M	84M	90M	91M
Diluted Earnings per Share	($9.34)	$1.39	$3.36	($0.27)	($11.44)	($0.49)	($2.35)	$3.44	($5.85)	$3.00	($0.90)
Weighted Average Diluted Shares Outstanding	306M	326M	403M	315M	150M	117M	96M	95M	84M	91M	91M
Weighted Average Basic & Diluted Shares Outstanding	306.83M	305.30M	322.41M	429.29M	156.21M	142.13M	83.92M	83.73M	83.90M	90.10M	-

This table shows Hertz Global's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	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	-479	-1,332	-865	-186	-348	629	139	196	116	577
Consolidated Net Income / (Loss)	-479	-1,332	-865	-186	-348	629	139	196	116	577
Net Income / (Loss) Continuing Operations	-479	-1,332	-865	-186	-348	629	139	196	116	577
Total Pre-Tax Income	-563	-1,620	-473	-581	-493	559	158	62	127	647
Total Operating Income	670	-1,636	-643	-665	-634	236	344	27	953	568
Total Gross Profit	6,316	1,106	913	714	-551	1,204	2,437	826	4,516	1,214
Total Revenue	2,040	2,576	2,353	2,080	2,184	2,703	2,437	2,047	2,035	2,496
Operating Revenue	2,040	2,576	2,353	2,080	2,184	2,703	2,437	2,047	2,035	2,496
Total Cost of Revenue	-4,276	1,470	1,440	1,366	2,735	1,499	0.00	1,221	-2,481	1,282
Total Operating Expenses	5,646	2,742	1,556	1,379	83	968	2,093	799	3,563	646
Selling, General & Admin Expense	225	189	243	162	247	209	285	221	221	246
Depreciation Expense	702	971	1,076	1,001	877	534	361	416	397	330
Other Operating Expenses / (Income)	4,715	246	237	216	-1,041	225	1,447	162	2,945	70
Total Other Income / (Expense), net	-1,233	16	170	84	141	323	-186	35	-826	79
Other Income / (Expense), net	-274	16	170	84	-47	323	2.00	35	-542	79
Income Tax Expense	-84	-288	392	-395	-145	-70	19	-134	11	70
Basic Earnings per Share	($1.57)	($4.34)	($2.82)	($0.61)	($1.10)	$2.02	$0.44	$0.61	$0.46	$1.62
Weighted Average Basic Shares Outstanding	306M	307M	306M	305M	313M	311M	314M	321M	379M	355M
Diluted Earnings per Share	($1.57)	($4.34)	($2.82)	($0.61)	($0.58)	$0.92	$0.44	$0.61	$0.08	$1.33
Weighted Average Diluted Shares Outstanding	306M	307M	306M	305M	326M	327M	315M	323M	403M	379M
Weighted Average Basic & Diluted Shares Outstanding	306.83M	306.69M	306.51M	305.81M	305.30M	307.81M	311.26M	315.24M	322.41M	333.95M

This table details how cash moves in and out of Hertz Global's 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	2014
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	12/31/2014
Net Change in Cash & Equivalents	-73	-212	-1,233	1,073	218	-51	1,482	1,428	-2,291	0.00	78
Net Cash From Operating Activities	2,224	2,474	2,538	1,806	953	2,900	2,556	2,394	2,055	2,776	2,941
Net Cash From Continuing Operating Activities	2,224	2,474	2,538	1,806	953	2,900	2,556	2,394	2,529	2,776	2,941
Net Income / (Loss) Continuing Operations	-2,862	616	2,059	365	-1,723	-50	-227	327	-948	115	-214
Consolidated Net Income / (Loss)	-2,862	616	2,059	365	-1,723	-50	-227	327	-965	273	-82
Depreciation Expense	139	149	142	196	225	2,994	218	2,962	2,796	2,635	2,916
Amortization Expense	74	61	53	122	59	52	50	46	48	54	38
Non-Cash Adjustments To Reconcile Net Income	4,850	2,368	456	1,546	2,916	439	2,573	154	464	15	76
Changes in Operating Assets and Liabilities, net	23	-720	-172	-423	-524	-535	-58	-1,095	163	-43	125
Net Cash From Investing Activities	-2,929	-4,024	-4,233	-3,544	4,591	-4,425	-4,197	-3,000	-2,048	-2,380	-2,756
Net Cash From Continuing Investing Activities	-2,929	-4,024	-4,233	-3,544	4,591	-4,425	-4,197	-3,000	-2,048	-2,380	-2,756
Purchase of Property, Plant & Equipment	-10,629	-9,702	-10,746	-7,225	-5,640	-13,938	-12,670	-10,769	-11,006	-11,516	-10,145
Acquisitions	-1.00	-1.00	-16	0.00	0.00	-	-	-15	-2.00	-95	-75
Sale of Property, Plant & Equipment	7,701	5,679	6,510	2,834	10,158	9,513	8,503	7,674	8,738	8,783	7,245
Other Investing Activities, net	0.00	0.00	19	-24	-1.00	0.00	-6.00	7.00	-45	448	219
Net Cash From Financing Activities	658	1,313	487	2,845	-5,372	1,474	1,561	988	-2,298	-368	-77
Net Cash From Continuing Financing Activities	658	1,313	487	2,845	-5,372	1,474	3,123	2,034	-183	-368	-77
Repayment of Debt	-7,861	-6,905	-6,727	-19,238	-11,683	-15,352	-26,060	-23,672	-28,900	-27,602	-7,043
Repurchase of Common Equity	0.00	-315	-2,461	-654	0.00	0.00	-	-	-100	-605	0.00
Issuance of Debt	8,519	8,533	9,672	18,967	6,358	16,029	29,132	25,712	24,580	28,186	6,890
Other Financing Activities, net	0.00	0.00	3.00	4,497	0.00	748	-9.00	-6.00	2,122	-347	76
Effect of Exchange Rate Changes	-26	25	-25	-34	46	-	-	-	-	-28	-30
Cash Interest Paid	798	721	372	455	444	703	1,330	1,164	1,054	1,122	-
Cash Income Taxes Paid	53	33	78	40	-11	21	26	54	57	24	42

This table details how cash moves in and out of Hertz Global's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	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	228	-89	49	-261	150	-110	-76	-176	-90	-55
Net Cash From Operating Activities	414	894	546	370	564	851	497	562	277	932
Net Cash From Continuing Operating Activities	414	894	546	370	564	851	497	562	277	932
Net Income / (Loss) Continuing Operations	-479	-1,332	-865	-186	-348	629	139	196	116	577
Consolidated Net Income / (Loss)	-479	-1,332	-865	-186	-348	629	139	196	116	577
Depreciation Expense	32	34	41	32	49	33	32	35	37	36
Amortization Expense	20	21	15	18	17	15	15	14	15	13
Non-Cash Adjustments To Reconcile Net Income	812	2,067	1,001	970	661	416	726	565	537	187
Changes in Operating Assets and Liabilities, net	29	104	354	-464	185	-242	-415	-248	-428	119
Net Cash From Investing Activities	338	-487	-2,077	-703	84	-383	-2,237	-1,488	-760	-222
Net Cash From Continuing Investing Activities	338	-487	-2,077	-703	84	-383	-2,237	-1,488	-760	-222
Purchase of Property, Plant & Equipment	-2,690	-2,253	-3,749	-1,937	-1,239	-1,797	-3,797	-2,869	-2,789	-1,809
Acquisitions	2.00	-	-1.00	-2.00	-	-	-1.00	0.00	-1.00	-
Sale of Property, Plant & Equipment	3,026	1,766	1,673	1,236	1,323	1,414	1,561	1,381	2,030	1,587
Net Cash From Financing Activities	-498	-511	1,582	85	-520	-568	1,662	739	368	-740
Net Cash From Continuing Financing Activities	-498	-511	1,582	85	-520	-568	1,662	739	368	-740
Repayment of Debt	-2,288	-2,672	-1,517	-1,384	-1,619	-2,638	-1,019	-1,629	-713	-1,138
Issuance of Debt	1,790	2,161	3,099	1,469	1,142	2,120	2,785	2,486	1,390	903
Effect of Exchange Rate Changes	-26	15	-2.00	-13	22	-10	2.00	11	25	-25
Cash Interest Paid	191	205	223	179	210	187	192	132	124	82
Cash Income Taxes Paid	6.00	16	19	12	6.00	17	-1.00	11	18	23

This table presents Hertz Global's 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	21,802	24,605	22,497	19,783	16,908	24,627	21,382	20,058	19,155	23,514
Total Current Assets	3,232	3,123	3,547	4,426	2,657	3,889	3,899	3,556	2,955	3,588
Cash & Equivalents	592	764	943	2,258	1,096	865	1,127	1,072	816	474
Restricted Cash	541	442	475	393	411	495	283	432	278	333
Accounts Receivable	1,205	1,191	974	758	777	1,840	1,587	1,365	1,283	1,786
Prepaid Expenses	894	726	1,155	1,017	373	689	902	687	578	995
Plant, Property, & Equipment, net	11,963	14,651	12,495	9,226	6,728	757	13,197	840	858	11,723
Plant, Property & Equipment, gross	12,714	16,806	14,281	10,836	7,540	17,085	15,703	14,574	15,544	15,396
Accumulated Depreciation	751	2,155	1,786	1,610	1,478	3,296	3,284	3,238	3,868	3,673
Total Noncurrent Assets	6,607	6,831	6,455	6,131	7,523	6,192	4,286	15,662	15,342	8,203
Goodwill	1,044	1,044	1,044	1,045	1,045	1,083	1,083	1,084	1,081	1,261
Intangible Assets	2,852	2,863	2,887	2,912	2,992	3,238	3,203	3,242	3,332	3,522
Other Noncurrent Operating Assets	2,711	2,924	2,524	2,174	3,486	1,871	0.00	11,336	10,818	-
Total Liabilities & Shareholders' Equity	21,802	24,605	22,497	19,783	16,908	24,627	21,382	20,058	19,155	23,514
Total Liabilities	21,649	21,513	19,852	16,806	16,815	22,739	20,262	18,538	18,080	21,495
Total Current Liabilities	1,974	1,718	1,568	1,435	1,298	2,125	2,292	2,026	1,966	1,929
Accounts Payable	642	701	657	572	418	943	988	946	821	766
Accrued Expenses	1,174	860	911	863	759	1,032	1,304	920	980	1,035
Current Deferred & Payable Income Tax Liabilities	158	157	-	-	121	150	-	160	165	128
Total Noncurrent Liabilities	19,675	19,795	18,284	15,371	15,517	20,614	17,970	16,512	16,114	19,566
Long-Term Debt	16,952	16,162	13,863	10,907	6,267	17,089	16,324	14,865	13,541	15,770
Capital Lease Obligations	2,073	2,142	-	-	1,636	1,848	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	472	1,038	1,360	1,010	730	1,124	1,092	1,220	2,149	2,168
Other Noncurrent Operating Liabilities	178	453	2,589	2,991	6,396	553	554	427	407	394
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	153	3,092	2,645	2,977	93	1,888	1,120	1,520	1,075	2,019
Total Preferred & Common Equity	153	3,092	2,645	2,977	56	1,769	1,061	1,520	1,075	2,711
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	153	3,092	2,645	2,977	56	1,705	1,061	1,520	1,075	2,711
Common Stock	6,401	6,410	6,331	6,214	3,049	3,025	2,262	2,244	2,228	3,347
Retained Earnings	-2,502	360	-256	-2,315	-2,681	-967	-909	-506	-882	-391
Accumulated Other Comprehensive Income / (Loss)	-316	-248	-294	-214	-212	-189	-192	-118	-171	-245
Other Equity Adjustments	-3,430	-3,430	-	-	0.00	-64	0.00	-	-	-

This table presents Hertz Global's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	22,979	25,185	24,310	25,554	26,095	23,749	21,694
Total Current Assets	3,172	3,015	2,909	3,298	3,489	3,256	3,495
Cash & Equivalents	501	568	465	594	682	728	1,006
Restricted Cash	404	426	480	462	484	514	502
Accounts Receivable	1,340	1,267	1,213	1,407	1,292	1,034	1,053
Prepaid Expenses	927	754	751	835	1,031	980	934
Plant, Property, & Equipment, net	13,235	15,369	14,617	15,459	15,845	13,858	12,023
Plant, Property & Equipment, gross	13,543	18,122	17,052	17,576	17,833	15,746	13,757
Accumulated Depreciation	308	2,753	2,435	2,117	1,988	1,888	1,734
Total Noncurrent Assets	6,572	6,801	6,784	6,797	6,761	6,635	6,176
Goodwill	1,044	1,044	1,044	1,044	1,044	1,044	1,043
Intangible Assets	2,856	2,858	2,862	2,881	2,883	2,882	2,883
Other Noncurrent Operating Assets	2,672	2,899	2,878	2,872	2,834	2,709	2,250
Total Liabilities & Shareholders' Equity	22,979	25,185	24,310	25,554	26,095	23,749	21,694
Total Liabilities	22,298	23,227	21,498	22,164	23,256	20,975	18,933
Total Current Liabilities	1,800	1,926	2,017	1,686	1,906	1,646	1,569
Accounts Payable	624	995	1,134	790	935	720	614
Accrued Expenses	1,176	931	883	896	971	926	955
Total Noncurrent Liabilities	20,498	21,301	19,481	20,478	21,350	19,329	17,364
Long-Term Debt	16,956	17,369	15,744	16,013	16,570	14,764	13,076
Asset Retirement Reserve & Litigation Obligation	559	501	473	472	451	457	484
Noncurrent Deferred & Payable Income Tax Liabilities	559	912	620	1,178	1,193	1,223	1,306
Other Noncurrent Operating Liabilities	2,424	2,519	2,644	2,815	3,136	2,885	2,498
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	681	1,958	2,812	3,390	2,839	2,774	2,761
Total Preferred & Common Equity	681	1,958	2,812	3,390	2,839	2,774	2,761
Preferred Stock	0.00	0.00	0.00	0.00	0.00	-	0.00
Total Common Equity	681	1,958	2,812	3,390	2,839	2,774	2,761
Common Stock	6,385	6,370	6,356	6,394	6,374	6,351	6,313
Retained Earnings	-2,023	-691	174	708	79	-60	-372
Treasury Stock	-3,430	-3,430	-3,430	-3,389	-3,338	-3,237	-2,821
Accumulated Other Comprehensive Income / (Loss)	-251	-291	-288	-323	-276	-280	-359

This table displays calculated financial ratios and metrics derived from Hertz Global's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
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	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.44%	7.90%	18.39%	39.52%	-46.23%	2.89%	7.96%	3.29%	-5.48%	-4.83%	0.00%
EBITDA Growth	-516.33%	-83.31%	196.90%	156.62%	-145.76%	415.20%	-69.17%	-10.49%	-53.59%	75.33%	0.00%
EBIT Growth	-896.50%	-89.70%	306.59%	133.28%	-350.86%	69.71%	183.83%	-356.35%	-126.36%	23.83%	0.00%
NOPAT Growth	-2,637.22%	-102.49%	233.74%	148.74%	50.80%	-1,043.51%	176.87%	-186.07%	-126.22%	103.90%	0.00%
Net Income Growth	-564.61%	-70.08%	464.11%	121.18%	-3,346.00%	77.97%	-169.42%	166.60%	-279.85%	432.93%	0.00%
EPS Growth	-771.94%	-58.63%	1,344.44%	97.64%	-2,234.69%	79.15%	-168.31%	158.80%	-295.00%	433.33%	0.00%
Operating Cash Flow Growth	-10.11%	-2.52%	40.53%	89.51%	-67.14%	13.46%	6.77%	16.50%	0.00%	0.00%	0.00%
Free Cash Flow Firm Growth	110.72%	-239.23%	62.40%	-79.78%	-130.24%	981.79%	54.54%	-251.19%	108.61%	0.00%	0.00%
Invested Capital Growth	-10.62%	33.80%	34.34%	73.11%	14.32%	-64.60%	7.75%	10.82%	-9.25%	0.00%	0.00%
Revenue Q/Q Growth	-1.57%	1.62%	1.01%	10.77%	-17.17%	0.32%	2.18%	4.30%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	33.98%	-60.19%	55.20%	171.91%	-142.27%	530.29%	173.72%	-4.48%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	32.10%	-72.76%	61.83%	798.68%	-199.13%	2.63%	272.14%	14.05%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	33.43%	-109.27%	77.00%	1,083.55%	-199.13%	-523.54%	257.86%	-13.86%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	-4.80%	-42.96%	22.56%	8.31%	-11.38%	-35.14%	-146.33%	144.98%	0.00%	0.00%	0.00%
EPS Q/Q Growth	-11.86%	-32.20%	95.35%	27.03%	-10.11%	19.67%	-144.42%	139.54%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-6.32%	13.12%	-11.23%	46.47%	-40.25%	4.62%	464.24%	59.71%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	171.27%	-52.11%	-177.98%	20.91%	-117.00%	352.10%	66.88%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	7.85%	10.05%	5.31%	-9.86%	-10.99%	-72.97%	-7.63%	-0.85%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	41.79%	100.00%	46.56%	100.00%	45.75%	43.66%	43.68%	42.13%	43.94%	42.40%
EBITDA Margin	-22.82%	5.29%	34.22%	13.65%	-33.63%	39.51%	7.89%	27.64%	31.89%	64.94%	35.25%
Operating Margin	-25.13%	-0.29%	32.00%	17.86%	-39.03%	7.76%	4.65%	-6.53%	-2.36%	6.83%	3.97%
EBIT Margin	-25.17%	3.05%	31.97%	9.31%	-39.03%	8.36%	5.07%	-6.53%	-1.48%	5.30%	4.07%
Profit (Net Income) Margin	-31.63%	6.57%	23.71%	4.98%	-32.77%	-0.51%	-2.39%	3.71%	-5.76%	3.03%	-0.87%
Tax Burden Percent	88.42%	215.38%	84.08%	53.44%	83.97%	-384.62%	88.33%	-56.87%	104.47%	206.82%	35.50%
Interest Burden Percent	142.10%	100.00%	88.19%	100.00%	100.00%	1.59%	-53.32%	100.00%	373.02%	27.62%	-59.84%
Effective Tax Rate	0.00%	-115.38%	15.92%	46.56%	0.00%	484.62%	0.00%	0.00%	0.00%	12.88%	0.00%
Return on Invested Capital (ROIC)	-8.33%	-0.33%	17.75%	7.90%	-23.62%	-26.89%	2.00%	-2.84%	-1.00%	7.25%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-15.59%	4.23%	15.07%	3.33%	-29.24%	3.79%	-1.79%	2.83%	-3.78%	3.13%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-168.07%	21.80%	55.50%	15.88%	-150.34%	23.57%	-19.20%	28.05%	-30.74%	19.79%	0.00%
Return on Equity (ROE)	-176.39%	21.47%	73.25%	23.78%	-173.95%	-3.32%	-17.20%	25.20%	-31.74%	27.04%	0.00%
Cash Return on Invested Capital (CROIC)	2.89%	-29.24%	-11.55%	-45.64%	-36.98%	68.53%	-5.46%	-13.11%	8.70%	-192.75%	0.00%
Operating Return on Assets (OROA)	-9.82%	1.21%	13.14%	3.72%	-9.88%	3.56%	2.33%	-2.93%	-0.59%	2.03%	0.00%
Return on Assets (ROA)	-12.33%	2.62%	9.74%	1.99%	-8.30%	-0.22%	-1.10%	1.67%	-2.30%	1.16%	0.00%
Return on Common Equity (ROCE)	-176.39%	21.47%	73.25%	23.49%	-154.63%	-3.06%	-16.81%	25.20%	-38.84%	36.31%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-1,870.59%	19.92%	77.85%	12.26%	-3,076.79%	-2.83%	-21.39%	21.51%	-45.67%	10.07%	0.00%
Net Operating Profit after Tax (NOPAT)	-1,592	-58	2,336	700	-1,436	-2,919	309	-403	-141	537	263
NOPAT Margin	-17.59%	-0.62%	26.90%	9.54%	-27.32%	-29.85%	3.26%	-4.57%	-1.65%	5.95%	2.78%
Net Nonoperating Expense Percent (NNEP)	7.26%	-4.56%	2.68%	4.57%	5.63%	-30.68%	3.79%	-5.67%	2.79%	4.13%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-8.30%	-0.27%	14.15%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	58.21%	0.00%	53.44%	0.00%	54.25%	56.34%	56.32%	57.87%	56.06%	57.60%
SG&A Expenses to Revenue	9.05%	10.27%	11.04%	9.38%	12.27%	9.70%	10.70%	10.00%	10.55%	9.68%	9.88%
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	125.13%	42.08%	68.00%	90.69%	139.03%	37.99%	39.00%	50.21%	44.49%	37.11%	38.43%
Earnings before Interest and Taxes (EBIT)	-2,278	286	2,777	683	-2,052	818	482	-575	-126	478	386
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-2,065	496	2,972	1,001	-1,768	3,864	750	2,433	2,718	5,856	3,340
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.34	1.03	1.94	3.97	0.00	0.00	0.00	0.00	0.00	0.48	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.12	0.34	0.59	1.61	0.00	0.00	0.00	0.00	0.00	0.14	0.14
Price to Earnings (P/E)	0.00	5.19	2.50	32.27	0.00	0.00	0.00	0.00	0.00	4.73	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	19.26%	40.06%	3.10%	0.00%	0.00%	0.00%	0.00%	0.00%	21.15%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.05	1.01	1.17	1.79	0.00	0.00	0.00	0.00	0.00	1.05	0.00
Enterprise Value to Revenue (EV/Rev)	2.10	2.17	2.02	2.74	0.00	0.00	0.00	0.00	0.00	1.73	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	40.92	5.92	20.05	0.00	0.00	0.00	0.00	0.00	2.66	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	70.97	6.33	29.38	0.00	0.00	0.00	0.00	0.00	32.56	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	7.53	28.67	0.00	0.00	0.00	0.00	0.00	29.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.55	8.20	6.93	11.11	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	34.37	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	124.35	5.92	5.24	3.66	84.98	10.03	14.58	9.78	12.60	7.81	0.00
Long-Term Debt to Equity	124.35	5.92	5.24	3.66	84.98	10.03	14.58	9.78	12.60	7.81	0.00
Financial Leverage	10.78	5.15	3.68	4.77	5.14	6.22	10.71	9.91	8.12	6.33	0.00
Leverage Ratio	14.30	8.21	7.52	11.95	20.97	15.30	15.70	15.11	13.79	11.65	0.00
Compound Leverage Factor	20.32	8.21	6.63	11.95	20.97	0.24	-8.37	15.11	51.44	3.22	0.00
Debt to Total Capital	99.20%	85.55%	83.98%	78.56%	98.84%	90.93%	93.58%	90.72%	92.65%	88.65%	0.00%
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	99.20%	85.55%	83.98%	78.56%	98.84%	90.93%	93.58%	90.72%	92.65%	88.65%	0.00%
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%	0.46%	0.57%	0.34%	0.00%	0.00%	-3.89%	0.00%
Common Equity to Total Capital	0.80%	14.45%	16.02%	21.44%	0.70%	8.19%	6.08%	9.28%	7.36%	15.24%	0.00%
Debt to EBITDA	-9.21	36.90	4.66	10.90	-4.47	4.90	21.77	6.11	4.98	2.69	0.00
Net Debt to EBITDA	-8.66	34.47	4.19	8.25	-3.62	4.55	19.89	5.49	4.58	2.56	0.00
Long-Term Debt to EBITDA	-9.21	36.90	4.66	10.90	-4.47	4.90	21.77	6.11	4.98	2.69	0.00
Debt to NOPAT	-11.95	-314.75	5.93	15.58	-5.50	-6.49	52.76	-36.93	-96.24	29.39	0.00
Net Debt to NOPAT	-11.24	-294.01	5.33	11.79	-4.45	-6.02	48.20	-33.20	-88.46	27.88	0.00
Long-Term Debt to NOPAT	-11.95	-314.75	5.93	15.58	-5.50	-6.49	52.76	-36.93	-96.24	29.39	0.00
Altman Z-Score	0.01	0.60	1.04	0.92	0.00	0.00	0.00	0.00	0.00	0.55	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	1.21%	11.11%	8.05%	2.23%	0.00%	-22.37%	-34.27%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.64	1.82	2.26	3.08	2.05	1.83	1.70	1.76	1.50	1.86	0.00
Quick Ratio	0.91	1.14	1.22	2.10	1.44	1.27	1.18	1.20	1.07	1.17	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	553	-5,158	-1,521	-4,044	-2,249	7,439	-844	-1,856	1,227	-14,259	0.00
Operating Cash Flow to CapEx	75.96%	61.50%	59.92%	41.13%	0.00%	65.54%	61.34%	77.35%	90.61%	0.00%	101.41%
Free Cash Flow to Firm to Interest Expense	0.58	0.00	-4.64	0.00	0.00	9.24	-1.14	0.00	3.57	-41.21	0.00
Operating Cash Flow to Interest Expense	2.32	0.00	7.74	0.00	0.00	3.60	3.46	0.00	5.97	0.00	4.77
Operating Cash Flow Less CapEx to Interest Expense	-0.73	0.00	-5.18	0.00	0.00	-1.89	-2.18	0.00	-0.62	0.00	0.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.40	0.41	0.40	0.25	0.43	0.46	0.45	0.40	0.38	0.00
Accounts Receivable Turnover	7.55	8.66	10.03	9.56	4.02	5.71	6.44	6.65	5.55	5.05	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.68	0.69	0.80	0.92	1.40	1.40	1.35	10.37	1.35	0.77	0.00
Accounts Payable Turnover	0.00	8.03	0.00	7.92	0.00	5.49	5.54	5.61	6.22	6.60	0.00
Days Sales Outstanding (DSO)	48.32	42.16	36.39	38.19	90.83	63.96	56.69	54.90	65.72	72.30	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	45.43	0.00	46.09	0.00	66.43	65.91	65.04	58.72	55.31	0.00
Cash Conversion Cycle (CCC)	48.32	-3.27	36.39	-7.90	90.83	-2.47	-9.23	-10.14	6.99	16.99	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	18,045	20,190	15,090	11,233	6,489	5,676	16,034	14,881	13,428	14,796	0.00
Invested Capital Turnover	0.47	0.53	0.66	0.83	0.86	0.90	0.61	0.62	0.60	1.22	0.00
Increase / (Decrease) in Invested Capital	-2,145	5,100	3,857	4,744	813	-10,358	1,153	1,453	-1,368	14,796	0.00
Enterprise Value (EV)	19,014	20,296	17,585	20,068	0.00	0.00	0.00	0.00	0.00	15,562	0.00
Market Capitalization	1,122	3,198	5,140	11,812	0.00	0.00	0.00	0.00	0.00	1,291	1,291
Book Value per Share	$0.50	$10.05	$7.92	$6.30	$0.36	$12.00	$12.64	$18.16	$12.96	$30.12	$0.00
Tangible Book Value per Share	($12.20)	($2.65)	($3.85)	($2.07)	($25.49)	($18.41)	($38.42)	($33.52)	($40.23)	($23.02)	$0.00
Total Capital	19,178	21,396	16,508	13,884	7,996	20,825	17,444	16,385	14,616	17,789	0.00
Total Debt	19,025	18,304	13,863	10,907	7,903	18,937	16,324	14,865	13,541	15,770	0.00
Total Long-Term Debt	19,025	18,304	13,863	10,907	7,903	18,937	16,324	14,865	13,541	15,770	0.00
Net Debt	17,892	17,098	12,445	8,256	6,396	17,577	14,914	13,361	12,447	14,963	0.00
Capital Expenditures (CapEx)	2,928	4,023	4,236	4,391	-4,518	4,425	4,167	3,095	2,268	-60,897	2,900
Debt-free, Cash-free Net Working Capital (DFCFNWC)	125	199	561	340	-148	404	197	26	-105	852	0.00
Debt-free Net Working Capital (DFNWC)	1,258	1,405	1,979	2,991	1,359	1,764	1,607	1,530	989	1,659	0.00
Net Working Capital (NWC)	1,258	1,405	1,979	2,991	1,359	1,764	1,607	1,530	989	1,659	0.00
Net Nonoperating Expense (NNE)	1,270	-674	277	335	287	-2,869	536	-730	350	264	345
Net Nonoperating Obligations (NNO)	17,892	17,098	12,445	8,256	6,396	3,788	14,914	13,361	12,353	12,777	0.00
Total Depreciation and Amortization (D&A)	213	210	195	318	284	3,046	268	3,008	2,844	5,378	2,954
Debt-free, Cash-free Net Working Capital to Revenue	1.38%	2.12%	6.46%	4.63%	-2.81%	4.13%	2.07%	0.30%	-1.23%	9.45%	0.00%
Debt-free Net Working Capital to Revenue	13.90%	14.99%	22.79%	40.77%	25.85%	18.04%	16.91%	17.38%	11.60%	18.40%	0.00%
Net Working Capital to Revenue	13.90%	14.99%	22.79%	40.77%	25.85%	18.04%	16.91%	17.38%	11.60%	18.40%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($9.34)	$1.97	$5.43	($0.27)	($11.44)	($0.49)	($2.68)	$3.94	($5.85)	$3.03	($0.90)
Adjusted Weighted Average Basic Shares Outstanding	306M	313M	379M	315M	150M	117M	84M	83M	84M	90M	91M
Adjusted Diluted Earnings per Share	($9.34)	$1.39	$3.36	($0.27)	($11.44)	($0.49)	($2.68)	$3.94	($5.85)	$3.00	($0.90)
Adjusted Weighted Average Diluted Shares Outstanding	306M	326M	403M	315M	150M	117M	84M	83M	84M	91M	91M
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	306.83M	305.30M	322.41M	429.29M	156.21M	142.13M	83.92M	83.73M	83.03M	90.10M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-654	-19	2,336	848	-1,287	531	309	-342	64	572	263
Normalized NOPAT Margin	-7.23%	-0.20%	26.90%	11.56%	-24.48%	5.43%	3.26%	-3.89%	0.75%	6.34%	2.78%
Pre Tax Income Margin	-35.77%	3.05%	28.20%	9.31%	-39.03%	0.13%	-2.70%	-6.53%	-5.51%	1.46%	-2.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.38	0.00	8.47	0.00	0.00	1.02	0.65	0.00	-0.37	1.38	0.63
NOPAT to Interest Expense	-1.66	0.00	7.12	0.00	0.00	-3.63	0.42	0.00	-0.41	1.55	0.43
EBIT Less CapEx to Interest Expense	-5.43	0.00	-4.45	0.00	0.00	-4.48	-4.99	0.00	-6.96	177.38	-4.07
NOPAT Less CapEx to Interest Expense	-4.71	0.00	-5.79	0.00	0.00	-9.12	-5.22	0.00	-7.00	177.55	-4.27
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	75.89%	-4.35%	98.00%	26.43%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	51.14%	119.52%	255.07%	-4.35%	98.00%	26.43%	0.00%	-20.37%	-221.61%	0.00%

This table displays calculated financial ratios and metrics derived from Hertz Global's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	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	-6.59%	-4.70%	-3.45%	1.61%	7.32%	8.29%	3.97%	13.09%	4.47%	12.13%
EBITDA Growth	172.85%	-357.83%	-206.11%	-578.38%	-232.83%	-12.79%	-66.38%	-82.76%	957.41%	-15.94%
EBIT Growth	158.15%	-389.80%	-236.71%	-1,037.10%	-265.69%	-13.60%	-69.08%	-89.67%	473.64%	-15.76%
NOPAT Growth	205.68%	-531.25%	-248.73%	-645.37%	-150.98%	-47.58%	-45.41%	-81.37%	1,230.46%	-16.69%
Net Income Growth	-37.64%	-311.76%	-722.30%	-194.90%	-400.00%	9.01%	-85.21%	-53.99%	144.11%	-5.10%
EPS Growth	-170.69%	-571.74%	-740.91%	-200.00%	-825.00%	-30.83%	-61.06%	-25.61%	105.13%	17.70%
Operating Cash Flow Growth	-26.60%	5.05%	9.86%	-34.16%	103.61%	-8.69%	-29.80%	-9.50%	-53.68%	25.44%
Free Cash Flow Firm Growth	147.15%	112.52%	84.03%	49.83%	-85.63%	-175.82%	-124.81%	38.48%	38.05%	70.19%
Invested Capital Growth	-10.62%	-8.80%	0.49%	8.07%	33.80%	28.04%	25.31%	28.70%	34.34%	14.98%
Revenue Q/Q Growth	-20.81%	9.48%	13.13%	-4.76%	-19.20%	10.92%	19.05%	0.59%	-18.47%	6.48%
EBITDA Q/Q Growth	128.63%	-275.30%	21.47%	36.79%	-201.32%	54.45%	254.05%	-17.78%	-33.48%	-40.46%
EBIT Q/Q Growth	124.44%	-242.49%	18.59%	35.87%	-221.82%	61.56%	458.06%	-25.30%	-36.48%	-42.18%
NOPAT Q/Q Growth	140.95%	-154.43%	3.31%	35.12%	-267.12%	-12.25%	254.56%	215.37%	71.84%	-8.64%
Net Income Q/Q Growth	64.04%	-53.99%	-365.05%	46.55%	-155.33%	352.52%	-29.08%	68.97%	-79.90%	-38.62%
EPS Q/Q Growth	63.82%	-53.90%	-362.30%	-5.17%	-163.04%	109.09%	-27.87%	662.50%	-93.99%	17.70%
Operating Cash Flow Q/Q Growth	-53.69%	63.74%	47.57%	-34.40%	-33.73%	71.23%	-11.57%	102.89%	-70.28%	31.64%
Free Cash Flow Firm Q/Q Growth	456.41%	186.98%	69.67%	44.44%	-47.74%	-10.94%	4.69%	9.73%	-119.53%	9.58%
Invested Capital Q/Q Growth	7.85%	-8.73%	4.10%	0.19%	10.05%	0.57%	11.95%	7.99%	5.31%	-1.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	309.61%	42.93%	38.80%	34.33%	-25.23%	44.54%	100.00%	40.35%	221.92%	48.64%
EBITDA Margin	21.96%	-60.75%	-17.72%	-25.53%	-28.16%	22.46%	16.13%	5.42%	22.75%	27.88%
Operating Margin	32.84%	-63.51%	-27.33%	-31.97%	-29.03%	8.73%	14.12%	1.32%	46.83%	22.76%
EBIT Margin	19.41%	-62.89%	-20.10%	-27.93%	-31.18%	20.68%	14.20%	3.03%	20.20%	25.92%
Profit (Net Income) Margin	-23.48%	-51.71%	-36.76%	-8.94%	-15.93%	23.27%	5.70%	9.58%	5.70%	23.12%
Tax Burden Percent	85.08%	82.22%	182.88%	32.01%	70.59%	112.52%	87.97%	316.13%	91.34%	89.18%
Interest Burden Percent	-142.17%	100.00%	100.00%	100.00%	72.39%	100.00%	45.66%	100.00%	30.90%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	-12.52%	12.03%	-216.13%	8.66%	10.82%
Return on Invested Capital (ROIC)	10.88%	-23.30%	-9.75%	-12.41%	-10.80%	5.55%	6.83%	2.57%	28.23%	13.03%
ROIC Less NNEP Spread (ROIC-NNEP)	5.46%	-24.51%	-12.36%	-10.44%	-10.15%	8.29%	5.62%	3.51%	20.94%	13.79%
Return on Net Nonoperating Assets (RNNOA)	58.91%	-186.66%	-81.88%	-52.93%	-52.25%	35.73%	27.51%	15.06%	77.09%	30.14%
Return on Equity (ROE)	69.79%	-209.96%	-91.63%	-65.35%	-63.04%	41.28%	34.33%	17.63%	105.32%	43.16%
Cash Return on Invested Capital (CROIC)	2.89%	-4.43%	-6.40%	-10.06%	-29.24%	-20.76%	-17.06%	-17.51%	-11.55%	-4.08%
Operating Return on Assets (OROA)	7.57%	-23.82%	-7.31%	-10.93%	-12.41%	8.07%	5.32%	1.21%	8.30%	10.80%
Return on Assets (ROA)	-9.16%	-19.59%	-13.36%	-3.50%	-6.34%	9.08%	2.14%	3.82%	2.34%	9.63%
Return on Common Equity (ROCE)	69.79%	-209.96%	-91.63%	-65.35%	-63.04%	41.28%	34.33%	17.63%	105.32%	36.08%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-401.03%	-39.33%	8.32%	0.00%	31.86%	36.21%	65.93%	0.00%	60.85%
Net Operating Profit after Tax (NOPAT)	469	-1,145	-450	-466	-444	266	303	85	870	507
NOPAT Margin	22.99%	-44.46%	-19.13%	-22.38%	-20.32%	9.82%	12.42%	4.17%	42.77%	20.29%
Net Nonoperating Expense Percent (NNEP)	5.42%	1.20%	2.61%	-1.97%	-0.65%	-2.74%	1.20%	-0.94%	7.29%	-0.77%
Return On Investment Capital (ROIC_SIMPLE)	2.45%	-	-	-	-2.07%	-	-	-	5.27%	-
Cost of Revenue to Revenue	-209.61%	57.07%	61.20%	65.67%	125.23%	55.46%	0.00%	59.65%	-121.92%	51.36%
SG&A Expenses to Revenue	11.03%	7.34%	10.33%	7.79%	11.31%	7.73%	11.69%	10.80%	10.86%	9.86%
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	276.76%	106.44%	66.13%	66.30%	3.80%	35.81%	85.88%	39.03%	175.09%	25.88%
Earnings before Interest and Taxes (EBIT)	396	-1,620	-473	-581	-681	559	346	62	411	647
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	448	-1,565	-417	-531	-615	607	393	111	463	696
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.34	1.49	0.55	0.86	1.03	1.12	2.04	1.89	1.94	2.12
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.12	0.11	0.12	0.26	0.34	0.41	0.64	0.59	0.59	0.68
Price to Earnings (P/E)	0.00	0.00	0.00	10.30	5.19	3.53	5.64	2.87	2.50	3.42
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	9.71%	19.26%	28.32%	17.73%	34.82%	40.06%	29.25%
Enterprise Value to Invested Capital (EV/IC)	1.05	1.02	0.95	0.98	1.01	1.02	1.16	1.15	1.17	1.22
Enterprise Value to Revenue (EV/Rev)	2.10	1.86	1.87	1.83	2.17	2.04	2.35	2.10	2.02	2.03
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	40.92	15.06	15.88	8.89	5.92	9.10
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	70.97	17.88	18.63	9.82	6.33	10.16
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	29.94	23.89	17.09	7.53	13.21
Enterprise Value to Operating Cash Flow (EV/OCF)	8.55	7.19	7.49	7.54	8.20	8.58	9.35	7.57	6.93	6.10
Enterprise Value to Free Cash Flow (EV/FCFF)	34.37	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	124.35	24.90	8.87	5.60	5.92	4.72	5.84	5.32	5.24	4.74
Long-Term Debt to Equity	124.35	24.90	8.87	5.60	5.92	4.72	5.84	5.32	5.24	4.74
Financial Leverage	10.78	7.62	6.62	5.07	5.15	4.31	4.89	4.29	3.68	2.18
Leverage Ratio	14.30	11.92	10.69	8.60	8.21	7.68	8.65	8.16	7.52	4.91
Compound Leverage Factor	-20.33	11.92	10.69	8.60	5.94	7.68	3.95	8.16	2.32	4.91
Debt to Total Capital	99.20%	96.14%	89.87%	84.85%	85.55%	82.53%	85.37%	84.18%	83.98%	82.57%
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	99.20%	96.14%	89.87%	84.85%	85.55%	82.53%	85.37%	84.18%	83.98%	82.57%
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	0.80%	3.86%	10.13%	15.15%	14.45%	17.47%	14.63%	15.82%	16.02%	17.43%
Debt to EBITDA	-9.21	-5.42	-18.17	-107.84	36.90	12.85	12.41	6.99	4.66	6.83
Net Debt to EBITDA	-8.66	-5.13	-17.13	-101.36	34.47	12.00	11.54	6.41	4.19	6.04
Long-Term Debt to EBITDA	-9.21	-5.42	-18.17	-107.84	36.90	12.85	12.41	6.99	4.66	6.83
Debt to NOPAT	-11.95	-7.09	-16.07	-40.38	-314.75	25.54	18.67	13.44	5.93	9.91
Net Debt to NOPAT	-11.24	-6.71	-15.15	-37.96	-294.01	23.85	17.36	12.31	5.33	8.76
Long-Term Debt to NOPAT	-11.95	-7.09	-16.07	-40.38	-314.75	25.54	18.67	13.44	5.93	9.91
Altman Z-Score	0.41	0.14	0.35	0.43	0.47	0.65	0.62	0.61	0.69	0.76
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	16.41%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.64	1.76	1.57	1.44	1.82	1.96	1.83	1.98	2.26	2.23
Quick Ratio	0.91	1.02	0.95	0.83	1.14	1.19	1.04	1.07	1.22	1.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,614	470	-540	-1,781	-5,544	-3,752	-3,382	-3,549	-2,987	-1,360
Operating Cash Flow to CapEx	0.00%	183.57%	26.30%	52.78%	0.00%	222.19%	22.23%	37.77%	36.50%	419.82%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-17.99	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	2.64	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-9.25	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.38	0.36	0.39	0.40	0.39	0.37	0.40	0.41	0.42
Accounts Receivable Turnover	7.55	6.69	7.28	8.37	8.66	7.50	7.95	9.73	10.03	8.85
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.68	0.64	0.60	0.66	0.69	0.67	0.63	0.71	0.80	1.36
Accounts Payable Turnover	0.00	9.92	7.30	6.04	8.03	7.19	6.06	8.64	0.00	7.80
Days Sales Outstanding (DSO)	48.32	54.53	50.11	43.61	42.16	48.68	45.89	37.51	36.39	41.24
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	36.81	50.03	60.42	45.43	50.77	60.23	42.23	0.00	46.82
Cash Conversion Cycle (CCC)	48.32	17.73	0.08	-16.81	-3.27	-2.09	-14.34	-4.71	36.39	-5.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	18,045	16,732	18,333	17,611	20,190	18,347	18,243	16,296	15,090	14,329
Invested Capital Turnover	0.47	0.52	0.51	0.55	0.53	0.56	0.55	0.62	0.66	0.64
Increase / (Decrease) in Invested Capital	-2,145	-1,615	90	1,315	5,100	4,018	3,685	3,634	3,857	1,867
Enterprise Value (EV)	19,014	17,062	17,455	17,209	20,296	18,770	21,201	18,774	17,585	17,434
Market Capitalization	1,122	1,011	1,080	2,410	3,198	3,813	5,797	5,252	5,140	5,866
Book Value per Share	$0.50	$2.22	$6.40	$9.22	$10.05	$10.89	$9.01	$8.60	$7.92	$7.66
Tangible Book Value per Share	($12.20)	($10.49)	($6.36)	($3.59)	($2.65)	($1.72)	($3.45)	($3.57)	($3.85)	($3.23)
Total Capital	19,178	17,637	19,327	18,556	21,396	19,403	19,409	17,538	16,508	15,837
Total Debt	19,025	16,956	17,369	15,744	18,304	16,013	16,570	14,764	13,863	13,076
Total Long-Term Debt	19,025	16,956	17,369	15,744	18,304	16,013	16,570	14,764	13,863	13,076
Net Debt	17,892	16,051	16,375	14,799	17,098	14,957	15,404	13,522	12,445	11,568
Capital Expenditures (CapEx)	-336	487	2,076	701	-84	383	2,236	1,488	759	222
Debt-free, Cash-free Net Working Capital (DFCFNWC)	125	467	95	-53	199	556	417	368	561	418
Debt-free Net Working Capital (DFNWC)	1,258	1,372	1,089	892	1,405	1,612	1,583	1,610	1,979	1,926
Net Working Capital (NWC)	1,258	1,372	1,089	892	1,405	1,612	1,583	1,610	1,979	1,926
Net Nonoperating Expense (NNE)	948	187	415	-280	-96	-363	164	-111	754	-70
Net Nonoperating Obligations (NNO)	17,892	16,051	16,375	14,799	17,098	14,957	15,404	13,522	12,445	11,568
Total Depreciation and Amortization (D&A)	52	55	56	50	66	48	47	49	52	49
Debt-free, Cash-free Net Working Capital to Revenue	1.38%	5.08%	1.02%	-0.56%	2.12%	6.03%	4.63%	4.12%	6.46%	4.86%
Debt-free Net Working Capital to Revenue	13.90%	14.92%	11.68%	9.49%	14.99%	17.48%	17.56%	18.05%	22.79%	22.40%
Net Working Capital to Revenue	13.90%	14.92%	11.68%	9.49%	14.99%	17.48%	17.56%	18.05%	22.79%	22.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.57)	($4.34)	($2.82)	($0.61)	($1.10)	$2.02	$0.44	$0.61	$0.46	$1.62
Adjusted Weighted Average Basic Shares Outstanding	306M	307M	306M	305M	313M	311M	314M	321M	379M	355M
Adjusted Diluted Earnings per Share	($1.57)	($4.34)	($2.82)	($0.61)	($0.58)	$0.92	$0.44	$0.61	$0.08	$1.33
Adjusted Weighted Average Diluted Shares Outstanding	306M	307M	306M	305M	326M	327M	315M	323M	403M	379M
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	306.83M	306.69M	306.51M	305.81M	305.30M	307.81M	311.26M	315.24M	322.41M	333.95M
Normalized Net Operating Profit after Tax (NOPAT)	469	-210	-450	-466	-444	165	303	19	870	507
Normalized NOPAT Margin	22.99%	-8.15%	-19.13%	-22.38%	-20.32%	6.11%	12.42%	0.92%	42.77%	20.29%
Pre Tax Income Margin	-27.60%	-62.89%	-20.10%	-27.93%	-22.57%	20.68%	6.48%	3.03%	6.24%	25.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	1.84	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	1.61	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-10.05	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-10.28	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-1.57%	-12.08%	84.19%	51.14%	53.80%	100.78%	99.13%	119.52%	167.02%

Frequently Asked Questions About Hertz Global's Financials

When does Hertz Global's financial year end?

According to the most recent income statement we have on file, Hertz Global's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Hertz Global's net income changed over the last 10 years?

Hertz Global's net income appears to be on an upward trend, with a most recent value of -$2.86 billion in 2024, rising from -$82 million in 2014. The previous period was $616 million in 2023. See where experts think Hertz Global is headed by visiting Hertz Global's forecast page.

What is Hertz Global's operating income?

Hertz Global's total operating income in 2024 was -$2.27 billion, based on the following breakdown:

Total Gross Profit: $9.05 billion
Total Operating Expenses: $11.32 billion

How has Hertz Global revenue changed over the last 10 years?

Over the last 10 years, Hertz Global's total revenue changed from $9.48 billion in 2014 to $9.05 billion in 2024, a change of -4.5%.

How much debt does Hertz Global have?

Hertz Global's total liabilities were at $21.65 billion at the end of 2024, a 0.6% increase from 2023, and a 0.7% increase since 2015.

How much cash does Hertz Global have?

In the past 9 years, Hertz Global's cash and equivalents has ranged from $474 million in 2015 to $2.26 billion in 2021, and is currently $592 million as of their latest financial filing in 2024.

How has Hertz Global's book value per share changed over the last 10 years?

Over the last 10 years, Hertz Global's book value per share changed from 0.00 in 2014 to 0.50 in 2024, a change of 49.9%.

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This page (NASDAQ:HTZ) was last updated on 5/21/2025 by MarketBeat.com Staff

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Hertz Global (HTZ) Financials

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