Herc (HRI) Financials

$125.81 -2.01 (-1.57%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$124.03 -1.78 (-1.42%)

As of 05/23/2025 07:59 PM Eastern

Annual Income Statements for Herc

This table shows Herc'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
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	211	347	330	224	74	48	69	160	-20	111
Consolidated Net Income / (Loss)	211	347	330	224	74	48	69	160	-20	111
Net Income / (Loss) Continuing Operations	211	347	330	224	74	48	69	160	-20	111
Total Pre-Tax Income	291	447	434	291	94	64	69	-64	-4.90	157
Total Operating Income	549	663	559	378	191	235	206	74	76	134
Total Gross Profit	2,029	1,866	1,065	756	527	951	910	804	702	745
Total Revenue	3,568	3,282	2,740	2,073	1,781	1,999	1,977	1,755	1,555	1,678
Operating Revenue	3,568	3,282	2,740	2,073	1,781	1,999	1,977	1,755	1,555	1,678
Total Cost of Revenue	1,539	1,416	1,675	1,317	1,255	1,048	1,067	950	853	933
Operating Cost of Revenue	1,539	1,416	1,675	1,317	1,255	1,048	1,067	950	853	933
Total Operating Expenses	1,480	1,203	506	378	335	717	704	730	626	611
Selling, General & Admin Expense	480	448	411	310	257	295	311	319	275	268
Depreciation Expense	806	755	95	68	63	409	388	379	351	344
Other Special Charges / (Income)	194	0.00	0.00	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-258	-216	-125	-87	-97	-171	-137	-139	-81	23
Interest & Investment Income	-260	-224	-122	-	-	-	-	-	-	-
Other Income / (Expense), net	2.00	8.00	-3.00	-1.00	-4.60	2.40	0.20	1.20	3.20	56
Income Tax Expense	80	100	104	67	20	16	-0.30	-225	15	46
Basic Earnings per Share	$7.43	$12.18	$11.15	$7.57	$2.53	$1.66	$2.43	$5.66	($0.70)	$3.69
Weighted Average Basic Shares Outstanding	28.40M	28.50M	29.60M	29.60M	29.10M	28.70M	28.40M	28.30M	28.30M	30.20M
Diluted Earnings per Share	$7.40	$12.09	$10.92	$7.37	$2.51	$1.63	$2.39	$5.60	($0.70)	$3.69
Weighted Average Diluted Shares Outstanding	28.50M	28.70M	30.20M	30.40M	29.40M	29.10M	28.90M	28.60M	28.30M	30.20M
Weighted Average Basic & Diluted Shares Outstanding	28.46M	28.32M	29.12M	29.70M	58.81M	28.86M	28.40M	28.30M	28.10M	30.20M
Cash Dividends to Common per Share	$2.66	$2.53	$2.30	$0.50	-	-	-	-	-	-

This table shows Herc's 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	-18	-46	122	70	65	91	113	76	67	98	101
Consolidated Net Income / (Loss)	-18	-46	122	70	65	91	113	76	67	98	101
Net Income / (Loss) Continuing Operations	-18	-46	122	70	65	91	113	76	67	98	101
Total Pre-Tax Income	-8.00	-43	160	93	81	123	146	103	75	134	135
Total Operating Income	53	23	229	156	141	179	203	157	124	179	168
Total Gross Profit	278	1,053	385	306	285	800	514	296	256	318	305
Total Revenue	861	951	965	848	804	832	908	802	740	787	745
Operating Revenue	861	951	965	848	804	832	908	802	740	787	745
Total Cost of Revenue	583	-102	580	542	519	32	394	506	484	469	440
Operating Cost of Revenue	583	-102	580	542	519	32	394	506	484	469	440
Total Operating Expenses	225	1,030	156	150	144	621	311	139	132	139	137
Selling, General & Admin Expense	118	122	123	120	115	116	115	111	106	113	112
Depreciation Expense	33	714	33	30	29	505	196	28	26	26	25
Restructuring Charge	74	-	-	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-61	-66	-69	-63	-60	-56	-57	-54	-49	-45	-33
Interest & Investment Income	-62	-	-69	-63	-	-	-60	-54	-	-	-
Other Income / (Expense), net	1.00	1.00	0.00	0.00	1.00	6.00	3.00	0.00	-1.00	-4.00	0.00
Income Tax Expense	10	3.00	38	23	16	32	33	27	8.00	36	34
Basic Earnings per Share	($0.63)	($1.63)	$4.30	$2.46	$2.30	$3.20	$3.99	$2.68	$2.31	$3.36	$3.41
Weighted Average Basic Shares Outstanding	28.50M	28.40M	28.40M	28.40M	28.30M	28.50M	28.30M	28.40M	29M	29.60M	29.70M
Diluted Earnings per Share	($0.63)	($1.63)	$4.28	$2.46	$2.29	$3.19	$3.96	$2.66	$2.28	$3.26	$3.36
Weighted Average Diluted Shares Outstanding	28.50M	28.50M	28.50M	28.50M	28.40M	28.70M	28.50M	28.60M	29.40M	30.20M	30.20M
Weighted Average Basic & Diluted Shares Outstanding	28.50M	28.46M	28.40M	28.39M	28.37M	28.32M	28.27M	28.29M	28.49M	29.12M	29.26M
Cash Dividends to Common per Share	$0.70	-	$0.67	$0.67	$0.67	-	$0.63	$0.63	$0.63	-	$0.58

This table details how cash moves in and out of Herc'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
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	12	17	19	2.00	0.00	5.20	-14	-55	-0.70	-3.30
Net Cash From Operating Activities	1,225	1,086	917	743	611	636	559	349	433	496
Net Cash From Continuing Operating Activities	1,225	1,086	917	743	611	636	559	285	433	496
Net Income / (Loss) Continuing Operations	211	347	330	224	74	48	69	160	-20	111
Consolidated Net Income / (Loss)	211	347	330	224	74	48	69	160	-20	111
Depreciation Expense	761	714	600	476	458	463	439	426	390	383
Amortization Expense	50	45	35	16	11	12	12	11	11	42
Non-Cash Adjustments To Reconcile Net Income	194	-33	43	22	60	132	67	76	50	-24
Changes in Operating Assets and Liabilities, net	9.00	13	-91	5.00	7.00	-20	-28	-388	2.10	-17
Net Cash From Investing Activities	-1,511	-1,581	-1,682	-960	-208	-464	-567	-410	-395	-390
Net Cash From Continuing Investing Activities	-1,511	-1,581	-1,682	-960	-208	-464	-567	-410	-395	-390
Purchase of Property, Plant & Equipment	-1,209	-1,476	-1,272	-641	-386	-695	-849	-576	-516	-677
Acquisitions	-600	-430	-515	-431	-46	-4.20	0.00	-	-	-
Sale of Property, Plant & Equipment	10	15	7.00	112	199	7.70	282	166	5.70	158
Other Investing Activities, net	288	310	98	0.00	0.00	228	0.00	0.00	115	2.70
Net Cash From Financing Activities	299	512	785	220	-406	-167	-4.20	70	-39	-105
Net Cash From Continuing Financing Activities	299	512	785	220	-406	-167	-4.20	70	-39	-105
Repayment of Debt	-2,408	-1,388	-1,624	-893	-939	-2,584	-750	-613	-935	-2,219
Repurchase of Common Equity	0.00	-120	-115	0.00	0.00	-	-	-	-	-605
Payment of Dividends	-77	-73	-68	-15	0.00	0.00	-	-	-2,072	1,003
Issuance of Debt	2,808	2,127	2,618	1,132	528	2,430	738	562	3,026	1,865
Issuance of Common Equity	5.00	4.00	4.00	3.00	2.30	2.40	2.00	1.10	0.00	199
Other Financing Activities, net	-29	-38	-30	-7.00	2.60	-15	5.80	120	-58	-349
Effect of Exchange Rate Changes	-1.00	0.00	-1.00	-	-	0.30	-	-	-0.40	-4.30
Cash Interest Paid	258	221	114	83	92	131	129	132	71	28
Cash Income Taxes Paid	12	30	22	23	5.00	7.90	13	-5.50	2.90	10

This table details how cash moves in and out of Herc's 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	-35	-59	72	7.00	-8.00	-	34	-3.00	-14	-3.00	5.00
Net Cash From Operating Activities	171	331	336	318	240	290	280	281	235	294	264
Net Cash From Continuing Operating Activities	171	331	336	318	240	290	280	281	235	294	264
Net Income / (Loss) Continuing Operations	-18	-46	122	70	65	91	113	76	67	98	101
Consolidated Net Income / (Loss)	-18	-46	122	70	65	91	113	76	67	98	101
Depreciation Expense	194	202	195	185	179	181	186	178	169	164	156
Amortization Expense	12	15	13	11	11	12	11	12	10	10	10
Non-Cash Adjustments To Reconcile Net Income	-9.00	193	7.00	-	-6.00	-20	-	-5.00	-8.00	18	8.00
Changes in Operating Assets and Liabilities, net	-8.00	-33	-1.00	52	-9.00	26	-30	20	-3.00	4.00	-11
Net Cash From Investing Activities	-133	-268	-543	-404	-296	-257	-394	-479	-451	-366	-442
Net Cash From Continuing Investing Activities	-133	-268	-543	-404	-296	-257	-394	-479	-451	-366	-442
Purchase of Property, Plant & Equipment	-220	-329	-341	-328	-211	-257	-439	-415	-365	-349	-339
Acquisitions	-11	-33	-277	-142	-148	-98	-60	-134	-138	-74	-124
Sale of Property, Plant & Equipment	4.00	-194	200	2.00	2.00	4.00	5.00	3.00	3.00	-64	68
Other Investing Activities, net	94	288	-125	64	61	94	100	67	49	121	-47
Net Cash From Financing Activities	-73	-121	279	93	48	-33	148	195	202	69	184
Net Cash From Continuing Financing Activities	-73	-121	279	93	48	-33	148	195	202	69	184
Repayment of Debt	-561	-563	-403	-1,140	-302	-372	-297	-372	-347	-376	-962
Payment of Dividends	-21	-19	-19	-19	-20	-17	-18	-18	-20	-17	-17
Issuance of Debt	520	478	690	1,255	385	372	465	650	640	538	1,207
Issuance of Common Equity	1.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Other Financing Activities, net	-12	-19	10	-4.00	-16	-4.00	-3.00	-3.00	-28	-15	8.00
Effect of Exchange Rate Changes	0.00	-	-	-	0.00	-	-	-	0.00	-	-
Cash Interest Paid	66	64	71	45	78	46	75	37	63	22	46
Cash Income Taxes Paid	2.00	-	3.00	6.00	3.00	9.00	17	3.00	1.00	6.00	6.00

This table presents Herc'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	7,877	7,061	5,957	4,490	3,588	3,817	3,610	3,550	3,466	3,397
Total Current Assets	776	732	644	470	367	400	400	475	372	362
Cash & Equivalents	83	71	54	35	33	33	28	42	24	16
Accounts Receivable	589	563	523	388	301	307	332	386	293	288
Prepaid Expenses	47	30	67	47	33	29	40	23	23	11
Other Current Assets	40	47	-	-	-	31	0.00	-	-	-
Other Current Nonoperating Assets	17	21	0.00	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	2,787	2,661	2,662	247
Total Noncurrent Assets	7,101	6,329	5,313	4,021	3,221	3,417	423	414	432	2,789
Goodwill	670	483	419	232	101	94	91	91	91	91
Intangible Assets	572	467	431	389	296	292	294	284	304	301
Other Noncurrent Operating Assets	5,639	4,971	4,463	3,401	2,825	3,032	38	39	35	15
Other Noncurrent Nonoperating Assets	220	408	0.00	-	-	-	-	-	-	-
Total Liabilities & Shareholders' Equity	7,877	7,061	5,957	4,490	3,588	3,817	3,610	3,550	3,466	3,397
Total Liabilities	6,481	5,788	4,849	3,514	2,846	3,173	3,038	3,039	3,148	1,095
Total Current Liabilities	562	508	604	530	328	323	299	291	243	282
Short-Term Debt	21	19	16	15	16	30	30	25	16	83
Accounts Payable	248	212	318	281	126	127	147	152	139	110
Accrued Expenses	239	221	228	195	154	136	122	113	88	48
Other Current Liabilities	39	37	42	39	32	31	0.00	-	-	-
Other Current Nonoperating Liabilities	15	19	0.00	-	-	-	-	-	-	-
Total Noncurrent Liabilities	5,919	5,280	4,245	2,984	2,518	2,850	2,738	2,749	2,905	813
Long-Term Debt	4,069	3,673	2,922	1,916	1,652	2,052	2,130	2,137	2,179	53
Noncurrent Deferred & Payable Income Tax Liabilities	800	743	647	537	474	459	448	463	695	727
Other Noncurrent Operating Liabilities	990	796	676	531	393	339	44	36	32	32
Other Noncurrent Nonoperating Liabilities	60	68	0.00	-	-	-	-	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,396	1,273	1,108	977	742	644	573	510	318	2,302
Total Preferred & Common Equity	1,396	1,273	1,108	977	742	644	573	510	318	2,302
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	1,396	1,273	1,108	977	742	644	573	510	318	2,302
Common Stock	1,832	1,820	1,820	1,823	1,819	1,797	1,778	1,763	1,754	3,735
Retained Earnings	633	498	224	-53	-278	-351	-391	-462	-625	-606
Treasury Stock	-927	-927	-807	-692	-692	-692	-692	-692	-692	-692
Accumulated Other Comprehensive Income / (Loss)	-142	-118	-129	-100	-107	-110	-122	-99	-119	-135

This table presents Herc's 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	7,705	8,172	7,575	7,207	6,893	6,695	6,276	5,684
Total Current Assets	709	851	717	717	729	644	625	635
Cash & Equivalents	48	142	70	63	71	37	40	57
Accounts Receivable	554	623	570	560	595	541	514	519
Prepaid Expenses	69	66	55	67	63	66	71	59
Other Current Assets	20	-	-	-	-	-	-	-
Other Current Nonoperating Assets	18	20	22	27	-	-	-	-
Plant, Property, & Equipment, net	567	0.00	0.00	486	0.00	0.00	415	0.00
Total Noncurrent Assets	6,429	7,321	6,858	6,004	6,164	6,051	5,236	5,049
Goodwill	682	659	590	537	508	492	460	379
Intangible Assets	564	572	514	496	468	468	447	425
Other Noncurrent Operating Assets	4,962	5,675	5,342	4,562	5,188	5,091	4,329	4,246
Other Noncurrent Nonoperating Assets	221	415	412	409	-	-	-	-
Total Liabilities & Shareholders' Equity	7,705	8,172	7,575	7,207	6,893	6,695	6,276	5,684
Total Liabilities	6,347	6,695	6,213	5,899	5,694	5,593	5,189	4,601
Total Current Liabilities	474	697	585	474	538	655	593	584
Short-Term Debt	22	20	19	19	18	16	16	15
Accounts Payable	161	360	286	201	247	363	348	327
Accrued Expenses	237	258	221	194	230	233	186	201
Other Current Liabilities	39	38	38	37	43	43	43	42
Other Current Nonoperating Liabilities	15	21	21	23	-	-	-	-
Total Noncurrent Liabilities	5,873	5,998	5,628	5,425	5,156	4,938	4,596	4,017
Long-Term Debt	4,026	4,163	3,864	3,753	3,665	3,493	3,215	2,762
Noncurrent Deferred & Payable Income Tax Liabilities	771	799	761	750	693	673	655	612
Other Noncurrent Operating Liabilities	1,018	975	940	856	798	772	726	643
Other Noncurrent Nonoperating Liabilities	58	61	63	66	-	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,358	1,477	1,362	1,308	1,199	1,102	1,087	1,083
Total Preferred & Common Equity	1,358	1,477	1,362	1,308	1,199	1,102	1,087	1,083
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,358	1,477	1,362	1,308	1,199	1,102	1,087	1,083
Common Stock	1,832	1,829	1,821	1,815	1,816	1,808	1,801	1,812
Retained Earnings	595	698	595	544	425	330	272	143
Treasury Stock	-927	-927	-927	-927	-914	-914	-859	-751
Accumulated Other Comprehensive Income / (Loss)	-142	-123	-127	-124	-128	-122	-127	-121

This table displays calculated financial ratios and metrics derived from Herc's 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	8.71%	19.78%	32.18%	16.38%	-10.89%	1.13%	12.66%	12.84%	-7.35%	-5.21%
EBITDA Growth	-4.76%	20.07%	37.05%	32.37%	-7.85%	8.45%	28.20%	6.71%	-21.94%	1.32%
EBIT Growth	-17.88%	20.68%	47.48%	101.93%	-21.26%	15.21%	172.22%	-4.67%	-58.22%	2.10%
NOPAT Growth	-22.66%	21.09%	46.08%	94.20%	-14.52%	-15.11%	296.50%	-2.23%	-43.83%	-15.91%
Net Income Growth	-39.19%	5.15%	47.32%	203.93%	55.16%	-31.26%	-56.89%	913.71%	-117.70%	24.08%
EPS Growth	-38.79%	10.71%	48.17%	193.63%	53.99%	-31.80%	-57.32%	900.00%	-118.97%	24.08%
Operating Cash Flow Growth	12.80%	18.43%	23.42%	21.62%	-3.89%	13.68%	60.15%	-19.45%	-12.67%	5.78%
Free Cash Flow Firm Growth	-541.91%	93.47%	-237.10%	-144.10%	53.99%	133.51%	161.45%	-918.91%	-100.14%	1,176.35%
Invested Capital Growth	15.14%	14.03%	38.94%	20.91%	-11.77%	-4.53%	2.79%	10.61%	3.07%	-86.16%
Revenue Q/Q Growth	3.45%	1.39%	8.26%	2.85%	-36.02%	96.10%	2.70%	5.19%	423.45%	149.24%
EBITDA Q/Q Growth	-9.14%	2.07%	9.27%	7.95%	-51.56%	3,857.78%	2.83%	7.74%	-4.25%	129.24%
EBIT Q/Q Growth	-22.61%	1.51%	12.28%	14.14%	-78.76%	152.64%	6.74%	84.39%	-23.01%	145.33%
NOPAT Q/Q Growth	-25.85%	0.43%	10.81%	14.45%	-76.21%	141.75%	-77.85%	93.25%	66.33%	133.90%
Net Income Q/Q Growth	-39.37%	-1.98%	8.66%	19.28%	-88.47%	109.13%	-72.37%	338.54%	-113.74%	210.31%
EPS Q/Q Growth	-39.44%	-0.58%	8.98%	18.30%	0.00%	0.00%	-72.78%	336.29%	-113.81%	210.31%
Operating Cash Flow Q/Q Growth	3.46%	-0.37%	6.28%	7.67%	-1.21%	1.65%	18.83%	10.44%	-11.59%	126.36%
Free Cash Flow Firm Q/Q Growth	-259.11%	90.85%	5.96%	-224.28%	-47.87%	181.14%	-74.99%	-617.22%	-100.13%	181.81%
Invested Capital Q/Q Growth	1.47%	-5.38%	4.96%	7.13%	-8.36%	-5.79%	-2.89%	10.12%	1.86%	-86.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	56.87%	56.86%	38.87%	36.47%	29.56%	47.59%	46.01%	45.83%	45.14%	44.39%
EBITDA Margin	38.17%	43.57%	43.47%	41.92%	36.86%	35.64%	33.23%	29.20%	30.89%	36.66%
Operating Margin	15.39%	20.20%	20.40%	18.23%	10.74%	11.74%	10.40%	4.24%	4.89%	7.97%
EBIT Margin	15.44%	20.44%	20.29%	18.19%	10.48%	11.86%	10.41%	4.31%	5.10%	11.31%
Profit (Net Income) Margin	5.91%	10.57%	12.04%	10.81%	4.14%	2.38%	3.50%	9.14%	-1.27%	6.63%
Tax Burden Percent	72.51%	77.63%	76.04%	76.98%	78.32%	74.69%	100.44%	-248.91%	402.04%	70.94%
Interest Burden Percent	52.81%	66.62%	78.06%	77.19%	50.40%	26.82%	33.43%	-85.19%	-6.18%	82.67%
Effective Tax Rate	27.49%	22.37%	23.96%	23.02%	21.68%	25.31%	-0.44%	0.00%	0.00%	29.06%
Return on Invested Capital (ROIC)	8.13%	12.05%	12.38%	11.09%	5.91%	6.36%	7.42%	1.99%	2.18%	0.96%
ROIC Less NNEP Spread (ROIC-NNEP)	2.88%	6.61%	8.41%	7.29%	1.78%	0.41%	1.29%	6.92%	-4.25%	1.18%
Return on Net Nonoperating Assets (RNNOA)	7.68%	17.10%	19.27%	14.98%	4.72%	1.45%	5.34%	36.72%	-3.68%	3.71%
Return on Equity (ROE)	15.81%	29.15%	31.66%	26.06%	10.63%	7.81%	12.76%	38.72%	-1.50%	4.67%
Cash Return on Invested Capital (CROIC)	-5.94%	-1.06%	-20.21%	-7.84%	18.41%	10.99%	4.66%	-8.08%	-0.85%	152.34%
Operating Return on Assets (OROA)	7.38%	10.31%	10.64%	9.33%	5.04%	6.38%	5.75%	2.16%	2.31%	1.39%
Return on Assets (ROA)	2.83%	5.33%	6.32%	5.55%	1.99%	1.28%	1.93%	4.57%	-0.57%	0.81%
Return on Common Equity (ROCE)	15.81%	29.15%	31.66%	26.06%	10.63%	7.81%	12.76%	38.72%	-1.50%	4.67%
Return on Equity Simple (ROE_SIMPLE)	15.11%	27.26%	29.78%	22.93%	9.93%	7.37%	12.07%	31.41%	-6.20%	4.83%
Net Operating Profit after Tax (NOPAT)	398	515	425	291	150	175	206	52	53	95
NOPAT Margin	11.16%	15.68%	15.51%	14.04%	8.41%	8.77%	10.45%	2.97%	3.43%	5.65%
Net Nonoperating Expense Percent (NNEP)	5.25%	5.44%	3.98%	3.79%	4.13%	5.95%	6.13%	-4.92%	6.43%	-0.22%
Return On Investment Capital (ROIC_SIMPLE)	7.26%	10.37%	10.51%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	43.13%	43.14%	61.13%	63.53%	70.44%	52.41%	53.99%	54.17%	54.86%	55.61%
SG&A Expenses to Revenue	13.45%	13.65%	15.00%	14.95%	14.45%	14.75%	15.75%	18.19%	17.71%	15.95%
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	41.48%	36.65%	18.47%	18.23%	18.82%	35.85%	35.61%	41.59%	40.25%	36.43%
Earnings before Interest and Taxes (EBIT)	551	671	556	377	187	237	206	76	79	190
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,362	1,430	1,191	869	657	712	657	512	480	615
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.85	3.25	3.35	4.53	2.49	2.08	1.23	3.31	3.40	0.00
Price to Tangible Book Value (P/TBV)	34.92	12.81	14.37	12.41	5.34	5.17	3.74	12.46	0.00	0.00
Price to Revenue (P/Rev)	1.51	1.26	1.35	2.14	1.04	0.67	0.36	0.96	0.70	0.00
Price to Earnings (P/E)	25.49	11.92	11.23	19.76	25.04	28.23	10.19	10.53	0.00	0.00
Dividend Yield	1.41%	1.73%	1.82%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.92%	8.39%	8.90%	5.06%	3.99%	3.54%	9.81%	9.49%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.79	1.70	1.65	2.20	1.46	1.26	1.05	1.43	1.31	0.00
Enterprise Value to Revenue (EV/Rev)	2.63	2.36	2.41	3.05	1.95	1.70	1.49	2.24	2.09	0.00
Enterprise Value to EBITDA (EV/EBITDA)	6.89	5.43	5.53	7.28	5.30	4.76	4.49	7.66	6.76	0.00
Enterprise Value to EBIT (EV/EBIT)	17.03	11.56	11.85	16.77	18.64	14.30	14.35	51.89	40.91	0.00
Enterprise Value to NOPAT (EV/NOPAT)	23.58	15.07	15.50	21.73	23.22	19.34	14.30	75.32	60.90	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	7.66	7.14	7.19	8.51	5.70	5.33	5.28	11.24	7.49	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	7.46	11.18	22.75	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.93	2.90	2.65	1.98	2.25	3.23	3.97	4.46	6.91	0.06
Long-Term Debt to Equity	2.91	2.89	2.64	1.96	2.23	3.18	3.92	4.41	6.86	0.02
Financial Leverage	2.67	2.59	2.29	2.05	2.66	3.53	4.14	5.31	0.87	3.16
Leverage Ratio	5.60	5.47	5.01	4.70	5.34	6.10	6.61	8.47	2.62	5.75
Compound Leverage Factor	2.96	3.64	3.91	3.63	2.69	1.64	2.21	-7.22	-0.16	4.75
Debt to Total Capital	74.55%	74.36%	72.61%	66.41%	69.20%	76.37%	79.90%	81.68%	87.35%	5.61%
Short-Term Debt to Total Capital	0.38%	0.38%	0.40%	0.52%	0.66%	1.12%	1.05%	0.91%	0.63%	3.42%
Long-Term Debt to Total Capital	74.17%	73.98%	72.22%	65.89%	68.55%	75.25%	78.85%	80.77%	86.73%	2.19%
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	25.45%	25.64%	27.39%	33.59%	30.80%	23.63%	20.10%	18.32%	12.65%	94.39%
Debt to EBITDA	3.00	2.58	2.47	2.22	2.54	2.92	3.46	4.44	4.57	0.22
Net Debt to EBITDA	2.94	2.53	2.42	2.18	2.49	2.88	3.42	4.36	4.51	0.17
Long-Term Debt to EBITDA	2.99	2.57	2.45	2.20	2.52	2.88	3.42	4.39	4.54	0.09
Debt to NOPAT	10.27	7.17	6.91	6.64	11.13	11.88	11.02	43.69	41.19	1.44
Net Debt to NOPAT	10.07	7.04	6.79	6.52	10.91	11.69	10.89	42.89	40.61	1.11
Long-Term Debt to NOPAT	10.22	7.14	6.87	6.59	11.02	11.70	10.88	43.20	40.90	0.56
Altman Z-Score	1.33	1.34	1.29	1.46	0.96	0.88	0.76	0.78	0.52	0.00
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	1.38	1.44	1.07	0.89	1.12	1.24	1.34	1.63	1.53	1.28
Quick Ratio	1.20	1.25	0.96	0.80	1.02	1.05	1.20	1.47	1.31	1.08
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-291	-45	-694	-206	467	303	130	-211	-21	15,084
Operating Cash Flow to CapEx	102.17%	74.33%	72.49%	140.45%	327.74%	92.44%	98.61%	85.15%	84.91%	95.63%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-2.39	5.04	1.75	0.95	-1.51	-0.25	458.48
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	8.64	6.60	3.66	4.08	2.49	5.15	15.09
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	2.49	4.58	-0.30	-0.06	-0.44	-0.91	-0.69
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.48	0.50	0.52	0.51	0.48	0.54	0.55	0.50	0.45	0.12
Accounts Receivable Turnover	6.19	6.04	6.01	6.01	5.86	6.26	5.50	5.16	5.35	1.78
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	39.77	36.76	20.90
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.73	0.66	1.07	0.22
Accounts Payable Turnover	6.69	5.34	5.60	6.48	9.95	7.66	7.14	6.53	6.86	1.67
Days Sales Outstanding (DSO)	58.92	60.39	60.68	60.68	62.28	58.35	66.35	70.69	68.21	204.97
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.18	9.93	17.46
Days Payable Outstanding (DPO)	54.55	68.31	65.22	56.32	36.70	47.65	51.13	55.88	53.17	218.54
Cash Conversion Cycle (CCC)	4.38	-7.92	-4.54	4.37	25.58	10.70	15.22	23.99	24.96	3.89
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,241	4,552	3,992	2,873	2,376	2,693	2,821	2,744	2,481	2,407
Invested Capital Turnover	0.73	0.77	0.80	0.79	0.70	0.73	0.71	0.67	0.64	0.17
Increase / (Decrease) in Invested Capital	689	560	1,119	497	-317	-128	77	263	74	-14,989
Enterprise Value (EV)	9,385	7,758	6,590	6,322	3,479	3,390	2,952	3,923	3,244	0.00
Market Capitalization	5,378	4,137	3,706	4,426	1,845	1,341	704	1,689	1,081	0.00
Book Value per Share	$49.15	$45.03	$37.87	$32.94	$25.39	$22.35	$20.10	$17.99	$11.22	$5.18
Tangible Book Value per Share	$5.42	$11.43	$8.82	$12.03	$11.83	$8.99	$6.60	$4.78	($2.73)	$4.30
Total Capital	5,486	4,965	4,046	2,908	2,409	2,726	2,849	2,786	2,512	2,439
Total Debt	4,090	3,692	2,938	1,931	1,667	2,082	2,276	2,275	2,194	137
Total Long-Term Debt	4,069	3,673	2,922	1,916	1,652	2,052	2,246	2,250	2,179	53
Net Debt	4,007	3,621	2,884	1,896	1,634	2,049	2,248	2,234	2,163	105
Capital Expenditures (CapEx)	1,199	1,461	1,265	529	186	688	567	410	510	519
Debt-free, Cash-free Net Working Capital (DFCFNWC)	152	172	2.00	-80	22	74	103	168	114	131
Debt-free Net Working Capital (DFNWC)	235	243	56	-45	55	107	131	209	145	163
Net Working Capital (NWC)	214	224	40	-60	39	77	101	184	129	79
Net Nonoperating Expense (NNE)	187	168	95	67	76	128	137	-108	73	-16
Net Nonoperating Obligations (NNO)	3,845	3,279	2,884	1,896	1,634	2,049	2,248	2,234	2,163	105
Total Depreciation and Amortization (D&A)	811	759	635	492	470	475	451	437	401	425
Debt-free, Cash-free Net Working Capital to Revenue	4.26%	5.24%	0.07%	-3.86%	1.23%	3.70%	5.23%	9.56%	7.30%	7.80%
Debt-free Net Working Capital to Revenue	6.59%	7.40%	2.04%	-2.17%	3.08%	5.35%	6.63%	11.92%	9.29%	9.69%
Net Working Capital to Revenue	6.00%	6.83%	1.46%	-2.90%	2.20%	3.83%	5.12%	10.48%	8.28%	4.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$7.43	$12.18	$11.15	$7.57	$2.53	$1.66	$2.43	$5.66	($0.70)	$0.12
Adjusted Weighted Average Basic Shares Outstanding	28.40M	28.50M	29.60M	29.60M	29.10M	28.70M	28.40M	28.30M	28.30M	2.31B
Adjusted Diluted Earnings per Share	$7.40	$12.09	$10.92	$7.37	$2.51	$1.63	$2.39	$5.60	($0.70)	$0.12
Adjusted Weighted Average Diluted Shares Outstanding	28.50M	28.70M	30.20M	30.40M	29.40M	29.10M	28.90M	28.60M	28.30M	2.33B
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	28.46M	28.32M	29.12M	29.70M	58.81M	28.86M	28.52M	28.40M	28.32M	2.16B
Normalized Net Operating Profit after Tax (NOPAT)	539	515	425	291	162	185	147	74	53	95
Normalized NOPAT Margin	15.10%	15.68%	15.51%	14.04%	9.09%	9.25%	7.46%	4.23%	3.43%	5.65%
Pre Tax Income Margin	8.16%	13.62%	15.84%	14.04%	5.28%	3.18%	3.48%	-3.67%	-0.32%	9.35%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	4.38	2.02	1.37	1.50	0.54	0.94	5.77
NOPAT to Interest Expense	0.00	0.00	0.00	3.38	1.62	1.01	1.51	0.37	0.63	2.88
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-1.77	0.00	-2.60	-2.64	-2.39	-5.12	-10.01
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-2.77	-0.39	-2.95	-2.63	-2.56	-5.43	-12.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	36.49%	21.04%	20.61%	6.70%	0.00%	0.00%	0.00%	0.00%	-10,517.26%	-901.17%
Augmented Payout Ratio	36.49%	55.62%	55.45%	6.70%	0.00%	0.00%	0.00%	0.00%	-10,517.26%	-358.04%

This table displays calculated financial ratios and metrics derived from Herc's 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	7.09%	14.30%	6.28%	5.74%	8.65%	5.72%	21.88%	25.31%	30.28%	36.18%	35.36%
EBITDA Growth	-21.69%	-36.24%	8.44%	1.44%	9.93%	8.31%	20.66%	25.27%	30.74%	40.73%	38.70%
EBIT Growth	-61.97%	-87.03%	11.17%	-0.64%	15.45%	5.71%	22.62%	27.64%	36.67%	53.24%	42.98%
NOPAT Growth	-67.21%	-87.84%	11.14%	1.36%	2.14%	1.16%	25.00%	26.44%	43.78%	45.94%	42.30%
Net Income Growth	-127.69%	-150.55%	7.96%	-7.89%	-2.99%	-7.14%	11.88%	4.11%	15.52%	36.68%	39.70%
EPS Growth	-127.51%	-151.10%	8.08%	-7.52%	0.44%	-2.15%	17.86%	11.76%	18.75%	38.14%	41.77%
Operating Cash Flow Growth	-28.75%	14.14%	20.00%	13.17%	2.13%	-1.36%	6.06%	30.09%	64.34%	22.60%	50.60%
Free Cash Flow Firm Growth	-73.89%	-57.38%	78.91%	85.59%	72.71%	56.72%	14.57%	14.65%	-41.31%	-142.69%	-361,805.55%
Invested Capital Growth	11.18%	15.14%	7.36%	5.49%	9.16%	14.03%	26.50%	29.52%	36.00%	38.94%	41.82%
Revenue Q/Q Growth	-9.46%	-1.45%	13.80%	5.47%	-3.37%	-8.37%	13.22%	8.38%	-5.97%	5.64%	16.41%
EBITDA Q/Q Growth	7.88%	-44.85%	24.15%	6.02%	-12.17%	-6.20%	16.14%	14.90%	-13.47%	4.49%	20.58%
EBIT Q/Q Growth	125.00%	-89.52%	46.79%	9.86%	-23.24%	-10.19%	31.21%	27.64%	-29.71%	4.17%	36.59%
NOPAT Q/Q Growth	130.43%	-90.78%	48.71%	3.77%	-14.56%	-15.71%	35.63%	4.58%	-15.38%	4.15%	37.18%
Net Income Q/Q Growth	60.87%	-137.70%	74.29%	7.69%	-28.57%	-19.47%	48.68%	13.43%	-31.63%	-2.97%	38.36%
EPS Q/Q Growth	61.35%	-138.08%	73.98%	7.42%	-28.21%	-19.44%	48.87%	16.67%	-30.06%	-2.98%	41.18%
Operating Cash Flow Q/Q Growth	-48.34%	-1.49%	5.66%	32.50%	-17.24%	3.57%	-0.36%	19.57%	-20.07%	11.36%	22.22%
Free Cash Flow Firm Q/Q Growth	27.94%	-275.11%	-34.29%	52.10%	34.78%	49.74%	8.21%	9.29%	-3.40%	0.78%	8.30%
Invested Capital Q/Q Growth	-0.93%	1.47%	7.05%	3.32%	2.59%	-5.38%	5.18%	6.92%	7.16%	4.96%	7.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.29%	110.73%	39.90%	36.08%	35.45%	96.15%	56.61%	36.91%	34.59%	40.41%	40.94%
EBITDA Margin	30.20%	25.34%	45.29%	41.51%	41.29%	45.43%	44.38%	43.27%	40.81%	44.35%	44.83%
Operating Margin	6.16%	2.42%	23.73%	18.40%	17.54%	21.51%	22.36%	19.58%	16.76%	22.74%	22.55%
EBIT Margin	6.27%	2.52%	23.73%	18.40%	17.66%	22.24%	22.69%	19.58%	16.62%	22.24%	22.55%
Profit (Net Income) Margin	-2.09%	-4.84%	12.64%	8.25%	8.08%	10.94%	12.44%	9.48%	9.05%	12.45%	13.56%
Tax Burden Percent	225.00%	106.98%	76.25%	75.27%	80.25%	73.98%	77.40%	73.79%	89.33%	73.13%	74.81%
Interest Burden Percent	-14.81%	-179.17%	69.87%	59.62%	57.04%	66.49%	70.87%	65.61%	60.98%	76.57%	80.36%
Effective Tax Rate	0.00%	0.00%	23.75%	24.73%	19.75%	26.02%	22.60%	26.21%	10.67%	26.87%	25.19%
Return on Invested Capital (ROIC)	3.17%	1.23%	12.51%	9.99%	10.53%	12.23%	13.00%	10.96%	11.74%	13.28%	13.17%
ROIC Less NNEP Spread (ROIC-NNEP)	1.64%	-0.51%	11.07%	8.63%	9.06%	10.88%	11.61%	9.61%	10.10%	11.90%	12.07%
Return on Net Nonoperating Assets (RNNOA)	4.42%	-1.36%	30.20%	24.28%	24.78%	28.17%	32.22%	26.34%	25.63%	27.29%	27.22%
Return on Equity (ROE)	7.58%	-0.13%	42.71%	34.27%	35.30%	40.40%	45.22%	37.30%	37.37%	40.56%	40.39%
Cash Return on Invested Capital (CROIC)	-4.66%	-5.94%	3.67%	5.72%	2.81%	-1.06%	-11.50%	-13.87%	-18.23%	-20.21%	-22.75%
Operating Return on Assets (OROA)	3.05%	1.21%	10.87%	8.75%	8.77%	11.21%	11.68%	10.03%	8.81%	11.66%	11.63%
Return on Assets (ROA)	-1.02%	-2.31%	5.79%	3.92%	4.01%	5.52%	6.41%	4.85%	4.80%	6.53%	6.99%
Return on Common Equity (ROCE)	7.58%	-0.13%	42.71%	34.27%	35.30%	40.40%	45.22%	37.30%	37.37%	40.56%	40.39%
Return on Equity Simple (ROE_SIMPLE)	9.43%	0.00%	23.56%	24.89%	26.38%	0.00%	29.52%	31.03%	31.19%	0.00%	28.04%
Net Operating Profit after Tax (NOPAT)	37	16	175	117	113	132	157	116	111	131	126
NOPAT Margin	4.31%	1.69%	18.09%	13.85%	14.07%	15.92%	17.30%	14.44%	14.97%	16.63%	16.87%
Net Nonoperating Expense Percent (NNEP)	1.53%	1.74%	1.44%	1.37%	1.47%	1.34%	1.39%	1.34%	1.64%	1.38%	1.10%
Return On Investment Capital (ROIC_SIMPLE)	0.69%	0.29%	-	-	-	2.67%	-	-	-	3.24%	-
Cost of Revenue to Revenue	67.71%	-10.73%	60.10%	63.92%	64.55%	3.85%	43.39%	63.09%	65.41%	59.59%	59.06%
SG&A Expenses to Revenue	13.71%	12.83%	12.75%	14.15%	14.30%	13.94%	12.67%	13.84%	14.32%	14.36%	15.03%
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	26.13%	108.31%	16.17%	17.69%	17.91%	74.64%	34.25%	17.33%	17.84%	17.66%	18.39%
Earnings before Interest and Taxes (EBIT)	54	24	229	156	142	185	206	157	123	175	168
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	260	241	437	352	332	378	403	347	302	349	334
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.81	3.85	3.07	2.78	3.62	3.25	2.75	3.47	2.97	3.35	2.77
Price to Tangible Book Value (P/TBV)	34.11	34.92	18.40	14.66	17.22	12.81	14.80	26.92	17.96	14.37	10.74
Price to Revenue (P/Rev)	1.05	1.51	1.31	1.11	1.42	1.26	1.02	1.24	1.11	1.35	1.19
Price to Earnings (P/E)	29.85	25.49	13.01	11.15	13.73	11.92	9.32	11.18	9.54	11.23	9.89
Dividend Yield	2.01%	1.41%	1.65%	1.95%	1.53%	1.73%	2.12%	1.80%	2.12%	1.82%	2.22%
Earnings Yield	3.35%	3.92%	7.69%	8.97%	7.29%	8.39%	10.73%	8.95%	10.49%	8.90%	10.11%
Enterprise Value to Invested Capital (EV/IC)	1.51	1.79	1.66	1.57	1.81	1.70	1.44	1.59	1.50	1.65	1.50
Enterprise Value to Revenue (EV/Rev)	2.16	2.63	2.48	2.24	2.52	2.36	2.14	2.37	2.21	2.41	2.26
Enterprise Value to EBITDA (EV/EBITDA)	6.06	6.89	5.72	5.18	5.78	5.43	4.93	5.48	5.09	5.53	5.25
Enterprise Value to EBIT (EV/EBIT)	16.89	17.03	12.03	11.02	12.24	11.56	10.46	11.71	10.91	11.85	11.56
Enterprise Value to NOPAT (EV/NOPAT)	26.77	23.58	15.96	14.62	16.31	15.07	13.49	15.18	14.10	15.50	14.92
Enterprise Value to Operating Cash Flow (EV/OCF)	6.77	7.66	7.24	6.73	7.74	7.14	6.34	6.79	6.37	7.19	6.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	46.86	28.27	67.08	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.98	2.93	2.83	2.85	2.88	2.90	3.07	3.18	2.97	2.65	2.56
Long-Term Debt to Equity	2.96	2.91	2.82	2.84	2.87	2.89	3.06	3.17	2.96	2.64	2.55
Financial Leverage	2.70	2.67	2.73	2.81	2.74	2.59	2.77	2.74	2.54	2.29	2.26
Leverage Ratio	5.59	5.60	5.63	5.79	5.63	5.47	5.51	5.54	5.24	5.01	4.93
Compound Leverage Factor	-0.83	-10.03	3.93	3.45	3.21	3.64	3.91	3.63	3.19	3.84	3.96
Debt to Total Capital	74.88%	74.55%	73.90%	74.03%	74.25%	74.36%	75.44%	76.10%	74.83%	72.61%	71.94%
Short-Term Debt to Total Capital	0.41%	0.38%	0.35%	0.36%	0.37%	0.38%	0.37%	0.35%	0.37%	0.40%	0.39%
Long-Term Debt to Total Capital	74.47%	74.17%	73.55%	73.67%	73.88%	73.98%	75.07%	75.75%	74.46%	72.22%	71.55%
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	25.12%	25.45%	26.10%	25.97%	25.75%	25.64%	24.56%	23.90%	25.17%	27.39%	28.06%
Debt to EBITDA	3.14	3.00	2.79	2.65	2.58	2.58	2.63	2.63	2.56	2.47	2.55
Net Debt to EBITDA	3.10	2.94	2.70	2.60	2.54	2.53	2.58	2.61	2.53	2.42	2.50
Long-Term Debt to EBITDA	3.12	2.99	2.78	2.64	2.57	2.57	2.62	2.62	2.55	2.45	2.53
Debt to NOPAT	13.86	10.27	7.79	7.47	7.28	7.17	7.19	7.30	7.09	6.91	7.24
Net Debt to NOPAT	13.69	10.07	7.53	7.34	7.16	7.04	7.05	7.23	7.00	6.79	7.09
Long-Term Debt to NOPAT	13.78	10.22	7.75	7.44	7.25	7.14	7.15	7.27	7.06	6.87	7.20
Altman Z-Score	1.00	1.11	1.06	1.01	1.16	1.12	1.04	1.01	0.97	1.08	0.98
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	1.50	1.38	1.22	1.23	1.51	1.44	1.36	0.98	1.05	1.07	1.09
Quick Ratio	1.27	1.20	1.10	1.09	1.31	1.25	1.24	0.88	0.93	0.96	0.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-485	-673	-179	-134	-279	-428	-851	-927	-1,022	-988	-996
Operating Cash Flow to CapEx	79.17%	63.29%	238.30%	97.55%	114.83%	114.62%	64.52%	68.20%	64.92%	71.19%	97.42%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-4.57	0.00	0.00	0.00	-21.28	0.00	-30.17
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	3.93	0.00	0.00	0.00	4.90	0.00	8.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.51	0.00	0.00	0.00	-2.65	0.00	-0.21
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.48	0.46	0.48	0.50	0.50	0.51	0.51	0.53	0.52	0.52
Accounts Receivable Turnover	6.51	6.19	5.66	6.11	6.23	6.04	5.81	6.16	6.38	6.01	5.67
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	6.89	0.00	0.00	0.00	7.43	0.00	0.00	0.00	8.05	0.00	0.00
Accounts Payable Turnover	9.74	6.69	7.63	6.56	7.63	5.34	6.46	5.84	6.09	5.60	6.55
Days Sales Outstanding (DSO)	56.08	58.92	64.45	59.78	58.58	60.39	62.81	59.30	57.23	60.68	64.37
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)	37.47	54.55	47.83	55.61	47.85	68.31	56.49	62.46	59.89	65.22	55.73
Cash Conversion Cycle (CCC)	18.61	4.38	16.62	4.17	10.73	-7.92	6.31	-3.16	-2.66	-4.54	8.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,192	5,241	5,165	4,825	4,670	4,552	4,811	4,574	4,278	3,992	3,803
Invested Capital Turnover	0.74	0.73	0.69	0.72	0.75	0.77	0.75	0.76	0.78	0.80	0.78
Increase / (Decrease) in Invested Capital	522	689	354	251	392	560	1,008	1,043	1,132	1,119	1,121
Enterprise Value (EV)	7,821	9,385	8,568	7,594	8,444	7,758	6,913	7,295	6,424	6,590	5,723
Market Capitalization	3,821	5,378	4,527	3,781	4,735	4,137	3,301	3,823	3,233	3,706	3,003
Book Value per Share	$47.72	$49.15	$52.02	$48.01	$46.22	$45.03	$42.38	$38.69	$37.32	$37.87	$36.20
Tangible Book Value per Share	$3.94	$5.42	$8.66	$9.09	$9.72	$11.43	$7.88	$4.98	$6.18	$8.82	$9.34
Total Capital	5,406	5,486	5,660	5,245	5,080	4,965	4,882	4,611	4,318	4,046	3,860
Total Debt	4,048	4,090	4,183	3,883	3,772	3,692	3,683	3,509	3,231	2,938	2,777
Total Long-Term Debt	4,026	4,069	4,163	3,864	3,753	3,673	3,665	3,493	3,215	2,922	2,762
Net Debt	4,000	4,007	4,041	3,813	3,709	3,621	3,612	3,472	3,191	2,884	2,720
Capital Expenditures (CapEx)	216	523	141	326	209	253	434	412	362	413	271
Debt-free, Cash-free Net Working Capital (DFCFNWC)	209	152	32	81	199	172	138	-32	8.00	2.00	8.80
Debt-free Net Working Capital (DFNWC)	257	235	174	151	262	243	209	5.00	48	56	66
Net Working Capital (NWC)	235	214	154	132	243	224	191	-11	32	40	51
Net Nonoperating Expense (NNE)	55	62	53	47	48	41	44	40	44	33	25
Net Nonoperating Obligations (NNO)	3,834	3,845	3,688	3,463	3,362	3,279	3,612	3,472	3,191	2,884	2,720
Total Depreciation and Amortization (D&A)	206	217	208	196	190	193	197	190	179	174	166
Debt-free, Cash-free Net Working Capital to Revenue	5.77%	4.26%	0.93%	2.39%	5.95%	5.24%	4.26%	-1.04%	0.27%	0.07%	0.35%
Debt-free Net Working Capital to Revenue	7.09%	6.59%	5.04%	4.45%	7.83%	7.40%	6.46%	0.16%	1.65%	2.04%	2.60%
Net Working Capital to Revenue	6.48%	6.00%	4.47%	3.89%	7.26%	6.83%	5.90%	-0.36%	1.10%	1.46%	2.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.63)	($1.63)	$4.30	$2.46	$2.30	$3.20	$3.99	$2.68	$2.31	$3.36	$3.41
Adjusted Weighted Average Basic Shares Outstanding	28.50M	28.40M	28.40M	28.40M	28.30M	28.50M	28.30M	28.40M	29M	29.60M	29.70M
Adjusted Diluted Earnings per Share	($0.63)	($1.63)	$4.28	$2.46	$2.29	$3.19	$3.96	$2.66	$2.28	$3.26	$3.36
Adjusted Weighted Average Diluted Shares Outstanding	28.50M	28.50M	28.50M	28.50M	28.40M	28.70M	28.50M	28.60M	29.40M	30.20M	30.20M
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	28.50M	28.46M	28.40M	28.39M	28.37M	28.32M	28.27M	28.29M	28.49M	29.12M	29.26M
Normalized Net Operating Profit after Tax (NOPAT)	89	16	175	117	113	132	157	116	111	131	126
Normalized NOPAT Margin	10.33%	1.69%	18.09%	13.85%	14.07%	15.92%	17.30%	14.44%	14.97%	16.63%	16.87%
Pre Tax Income Margin	-0.93%	-4.52%	16.58%	10.97%	10.07%	14.78%	16.08%	12.84%	10.14%	17.03%	18.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	2.33	0.00	0.00	0.00	2.56	0.00	5.09
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	1.85	0.00	0.00	0.00	2.31	0.00	3.81
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-1.10	0.00	0.00	0.00	-4.98	0.00	-3.12
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-1.57	0.00	0.00	0.00	-5.23	0.00	-4.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	60.94%	36.49%	21.55%	21.83%	21.16%	21.04%	20.62%	21.05%	20.94%	20.61%	21.73%
Augmented Payout Ratio	60.94%	36.49%	25.29%	25.66%	43.19%	55.62%	68.36%	85.96%	67.85%	55.45%	39.18%

Frequently Asked Questions About Herc's Financials

When does Herc's financial year end?

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

How has Herc's net income changed over the last 9 years?

Herc's net income appears to be on an upward trend, with a most recent value of $211 million in 2024, rising from $111.30 million in 2015. The previous period was $347 million in 2023. See Herc's forecast for analyst expectations on what’s next for the company.

What is Herc's operating income?

Herc's total operating income in 2024 was $549 million, based on the following breakdown:

Total Gross Profit: $2.03 billion
Total Operating Expenses: $1.48 billion

How has Herc revenue changed over the last 9 years?

Over the last 9 years, Herc's total revenue changed from $1.68 billion in 2015 to $3.57 billion in 2024, a change of 112.6%.

How much debt does Herc have?

Herc's total liabilities were at $6.48 billion at the end of 2024, a 12.0% increase from 2023, and a 491.9% increase since 2015.

How much cash does Herc have?

In the past 9 years, Herc's cash and equivalents has ranged from $15.70 million in 2015 to $83 million in 2024, and is currently $83 million as of their latest financial filing in 2024.

How has Herc's book value per share changed over the last 9 years?

Over the last 9 years, Herc's book value per share changed from 5.18 in 2015 to 49.15 in 2024, a change of 848.7%.

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This page (NYSE:HRI) was last updated on 5/25/2025 by MarketBeat.com Staff

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Herc (HRI) Financials

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Herc (HRI) Financials

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