Herc Holdings Financials
This page shows Herc Holdings (HRI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Herc Holdings's revenue declined 100% year-over-year, from $3.6B to $4K. This contraction results in a growth score of 0/100.
Herc Holdings carries a low D/E ratio of 0.05, meaning only $0.05 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Herc Holdings's current ratio of 1.31 indicates adequate short-term liquidity, earning a score of 32/100. The company can meet its near-term obligations, though with limited headroom.
Herc Holdings converts 24.6% of revenue into free cash flow ($928). This strong cash generation earns a score of 100/100.
Herc Holdings generates a 0.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 15.1% the prior year.
Herc Holdings passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Herc Holdings generates $1085.00 in operating cash flow ($1K OCF vs $1 net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Herc Holdings generated $4K in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Herc Holdings generated $928 in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 100.0% from the prior year.
Herc Holdings reported $1 in net income in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Herc Holdings earned $0.03 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 99.6% from the prior year.
Herc Holdings held $52 in cash against $95 in long-term debt as of fiscal year 2025.
Herc Holdings paid $2.53 per share in dividends in fiscal year 2025. This represents a decrease of 4.9% from the prior year.
Herc Holdings had 33M shares outstanding in fiscal year 2025. This represents an increase of 17.3% from the prior year.
Herc Holdings's net profit margin was 0.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.9 percentage points from the prior year.
Herc Holdings's ROE was 0.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 15.1 percentage points from the prior year.
Herc Holdings spent $120 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Herc Holdings invested $157 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
HRI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B+30.1% | $1.0B+16.4% | $861.0M-9.5% | $951.0M+12.1% | $848.0M+5.5% | $804.0M-3.4% | $832.0M-8.4% | $908.0M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $166.0M+30.7% | $127.0M+7.6% | $118.0M-9.9% | $131.0M+12.0% | $117.0M+4.5% | $112.0M-3.4% | $116.0M+0.9% | $115.0M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | -$61.0M+1.6% | -$62.0M-3.3% | -$60.0M |
| Income Tax | $8.0M+172.7% | -$11.0M-210.0% | $10.0M+233.3% | $3.0M-87.0% | $23.0M+43.8% | $16.0M-50.0% | $32.0M-3.0% | $33.0M |
| Net Income | $30.0M+185.7% | -$35.0M-94.4% | -$18.0M+60.9% | -$46.0M-165.7% | $70.0M+7.7% | $65.0M-28.6% | $91.0M-19.5% | $113.0M |
| EPS (Diluted) | $0.90+176.9% | $-1.17-85.7% | $-0.63+61.3% | $-1.63-166.3% | $2.46+7.4% | $2.29-28.2% | $3.19-19.4% | $3.96 |
HRI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.9B-0.6% | $14.0B+81.9% | $7.7B-2.2% | $7.9B+4.0% | $7.6B+5.1% | $7.2B+2.1% | $7.1B+2.4% | $6.9B |
| Current Assets | $974.0M+3.3% | $943.0M+33.0% | $709.0M-8.6% | $776.0M+8.2% | $717.0M0.0% | $717.0M-2.0% | $732.0M+0.4% | $729.0M |
| Cash & Equivalents | $61.0M+15.1% | $53.0M+10.4% | $48.0M-42.2% | $83.0M+18.6% | $70.0M+11.1% | $63.0M-11.3% | $71.0M0.0% | $71.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $810.0M+4.1% | $778.0M+40.4% | $554.0M-5.9% | $589.0M+3.3% | $570.0M+1.8% | $560.0M-0.5% | $563.0M-5.4% | $595.0M |
| Goodwill | $2.9B+1.0% | $2.9B+325.4% | $682.0M+1.8% | $670.0M+13.6% | $590.0M+9.9% | $537.0M+11.2% | $483.0M-4.9% | $508.0M |
| Total Liabilities | $12.0B-0.9% | $12.1B+90.8% | $6.3B-2.1% | $6.5B+4.3% | $6.2B+5.3% | $5.9B+1.9% | $5.8B+1.7% | $5.7B |
| Current Liabilities | $801.0M-2.1% | $818.0M+72.6% | $474.0M-15.7% | $562.0M-3.9% | $585.0M+23.4% | $474.0M-6.7% | $508.0M-5.6% | $538.0M |
| Long-Term Debt | $8.2B-1.1% | $8.3B+104.9% | $4.0B-1.1% | $4.1B+5.3% | $3.9B+3.0% | $3.8B+2.2% | $3.7B+0.2% | $3.7B |
| Total Equity | $1.9B+0.9% | $1.9B+40.7% | $1.4B-2.7% | $1.4B+2.5% | $1.4B+4.1% | $1.3B+2.7% | $1.3B+6.2% | $1.2B |
| Retained Earnings | $547.0M+1.3% | $540.0M-9.2% | $595.0M-6.0% | $633.0M+6.4% | $595.0M+9.4% | $544.0M+9.2% | $498.0M+17.2% | $425.0M |
HRI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $358.0M+48.5% | $241.0M+40.9% | $171.0M-48.3% | $331.0M+4.1% | $318.0M+32.5% | $240.0M-17.2% | $290.0M+3.6% | $280.0M |
| Capital Expenditures | $43.0M-8.5% | $47.0M+42.4% | $33.0M-2.9% | $34.0M-17.1% | $41.0M+36.7% | $30.0M-18.9% | $37.0M-11.9% | $42.0M |
| Free Cash Flow | $315.0M+62.4% | $194.0M+40.6% | $138.0M-53.5% | $297.0M+7.2% | $277.0M+31.9% | $210.0M-17.0% | $253.0M+6.3% | $238.0M |
| Investing Cash Flow | -$234.0M+94.7% | -$4.4B-3228.6% | -$133.0M+50.4% | -$268.0M+33.7% | -$404.0M-36.5% | -$296.0M-15.2% | -$257.0M+34.8% | -$394.0M |
| Financing Cash Flow | -$116.0M-102.8% | $4.2B+5841.1% | -$73.0M+39.7% | -$121.0M-230.1% | $93.0M+93.8% | $48.0M+245.5% | -$33.0M-122.3% | $148.0M |
| Dividends Paid | $23.0M+15.0% | $20.0M-4.8% | $21.0M+10.5% | $19.0M0.0% | $19.0M-5.0% | $20.0M+17.6% | $17.0M-5.6% | $18.0M |
| Share Buybacks | N/A | N/A | N/A | $0 | $0 | $0-100.0% | $13.0M | $0 |
HRI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 2.3%+5.8pp | -3.5%-1.4pp | -2.1%+2.8pp | -4.8%-13.1pp | 8.3%+0.2pp | 8.1%-2.9pp | 10.9%-1.5pp | 12.4% |
| Return on Equity | 1.6% | N/A | N/A | 8.3%+3.1pp | 5.1%+0.2pp | 5.0%-2.2pp | 7.1%-2.3pp | 9.4% |
| Return on Assets | 0.2%+0.5pp | -0.3%-0.0pp | -0.2%+0.3pp | -0.6%-1.5pp | 0.9%+0.0pp | 0.9%-0.4pp | 1.3%-0.4pp | 1.6% |
| Current Ratio | 1.22+0.1 | 1.15-0.3 | 1.50+0.1 | 1.38+0.2 | 1.23-0.3 | 1.51+0.1 | 1.44+0.1 | 1.35 |
| Debt-to-Equity | 4.23-0.1 | 4.32+1.4 | 2.96+0.0 | 2.91+0.1 | 2.84-0.0 | 2.87-0.0 | 2.89-0.2 | 3.06 |
| FCF Margin | 24.2%+4.8pp | 19.4%+3.3pp | 16.0%-15.2pp | 31.2%-1.4pp | 32.7%+6.6pp | 26.1%-4.3pp | 30.4%+4.2pp | 26.2% |
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Frequently Asked Questions
What is Herc Holdings's annual revenue?
Herc Holdings (HRI) reported $4K in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Herc Holdings's revenue growing?
Herc Holdings (HRI) revenue declined by 100% year-over-year, from $3.6B to $4K in fiscal year 2025.
Is Herc Holdings profitable?
Yes, Herc Holdings (HRI) reported a net income of $1 in fiscal year 2025, with a net profit margin of 0.0%.
What is Herc Holdings's earnings per share (EPS)?
Herc Holdings (HRI) reported diluted earnings per share of $0.03 for fiscal year 2025. This represents a -99.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Herc Holdings have?
As of fiscal year 2025, Herc Holdings (HRI) had $52 in cash and equivalents against $95 in long-term debt.
What is Herc Holdings's net profit margin?
Herc Holdings (HRI) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Herc Holdings pay dividends?
Yes, Herc Holdings (HRI) paid $2.53 per share in dividends during fiscal year 2025.
What is Herc Holdings's return on equity (ROE)?
Herc Holdings (HRI) has a return on equity of 0.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Herc Holdings's free cash flow?
Herc Holdings (HRI) generated $928 in free cash flow during fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Herc Holdings's operating cash flow?
Herc Holdings (HRI) generated $1K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Herc Holdings's total assets?
Herc Holdings (HRI) had $14K in total assets as of fiscal year 2025, including both current and long-term assets.
What are Herc Holdings's capital expenditures?
Herc Holdings (HRI) invested $157 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Herc Holdings buy back shares?
Yes, Herc Holdings (HRI) spent $120 on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Herc Holdings have outstanding?
Herc Holdings (HRI) had 33M shares outstanding as of fiscal year 2025.
What is Herc Holdings's current ratio?
Herc Holdings (HRI) had a current ratio of 1.31 as of fiscal year 2025, which is considered adequate.
What is Herc Holdings's debt-to-equity ratio?
Herc Holdings (HRI) had a debt-to-equity ratio of 0.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Herc Holdings's return on assets (ROA)?
Herc Holdings (HRI) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Herc Holdings's Piotroski F-Score?
Herc Holdings (HRI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Herc Holdings's earnings high quality?
Herc Holdings (HRI) has an earnings quality ratio of 1085.00x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Herc Holdings?
Herc Holdings (HRI) scores 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.