What is Hertz Global Hld's earnings per share (EPS)?

Hertz Global Hld (HTZ) reported diluted earnings per share of -$2.43 for fiscal year 2025. This represents a 74.0% 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.

Hertz Global Hld Financials

HTZ

Trailing 12 months to March 31, 2026

Revenue $8.7B -1.0% YoY

Net Income -$637.0M +79.6% YoY

EPS (Diluted) -$2.23 +78.0% YoY

Free Cash Flow Not reported for the trailing 12 months

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 8, 2026 Currency USD FYE December

Hertz Global Hld (HTZ) reported $8.7B in revenue over the twelve months to Mar 31, 2026, down 1.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).

Rhea AI HTZ FY2025 2026-08-29

Hertz’s dominant mechanic is an asset-heavy cash cycle: operating cash remains positive, yet investment needs and interest burden erode equity.

In FY2025, operating cash flow of $1.6B fell short of investing outflow of $2.0B; FY2024 showed the same direction. The FY2025 financing inflow of $372M nearly bridged that gap, while operating cash flow remained positive despite a net loss of $747M—evidence that reported earnings and cash movement were being shaped by different items.

Negative equity is now the balance-sheet centerpiece: equity moved from $153M in FY2024 to -$459M in FY2025 while liabilities exceeded assets. The debt-to-equity ratio of -49.6x does not indicate low debt; its negative sign is produced by negative equity, so the liability-to-asset relationship is the more meaningful solvency signal.

Revenue fell from $9.0B in FY2024 to $8.5B in FY2025. Operating cash flow also fell from $2.2B to $1.6B, showing that cash generation weakened alongside the top line rather than offsetting it.

Financial Health Signals

Financial health score not available

Hertz Global Hld does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/6

Hertz Global Hld passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

N/A

Hertz Global Hld reported a net loss of $747.0M while generating $1.6B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$8.5B

YoY-6.0%

5Y CAGR+10.1%

10Y CAGR-0.6%

Hertz Global Hld generated $8.5B in revenue in fiscal year 2025. This represents a decrease of 6.0% from the prior year.

Net Income

-$747.0M

YoY+73.9%

Hertz Global Hld reported -$747.0M in net income in fiscal year 2025. This represents an increase of 73.9% from the prior year.

EPS (Diluted)

-$2.43

YoY+74.0%

Hertz Global Hld earned -$2.43 per diluted share (EPS) in fiscal year 2025. This represents an increase of 74.0% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt

$565.0M

YoY-4.6%

5Y CAGR-12.4%

10Y CAGR+1.8%

Hertz Global Hld held $565.0M in cash as of fiscal year 2025; long-term debt is not reported for that period.

Shares Outstanding

312M

YoY+1.8%

Hertz Global Hld had 312M shares outstanding in fiscal year 2025. This represents an increase of 1.8% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Net Margin

-8.8%

YoY+22.9pp

5Y CAGR+23.8pp

10Y CAGR-11.8pp

Hertz Global Hld's net profit margin was -8.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 22.9 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Return on Equity

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks

Hertz Global Hld repurchased no shares in fiscal year 2025.

R&D Spending

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

HTZ Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HTZ quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14
Revenue	$8.7B	$8.5B-6.0%	$9.0B-3.4%	$9.4B+7.9%	$8.7B+18.4%	$7.3B+39.5%	$5.3B-46.2%	$9.8B+2.9%	$9.5B+8.0%	$8.8B0.0%	$8.8B-2.4%	$9.0B-4.8%	$9.5B
SG&A Expenses	$974.0M	$957.0M+16.8%	$819.0M-14.9%	$962.0M+0.3%	$959.0M+39.4%	$688.0M+6.7%	$645.0M-32.0%	$949.0M-6.7%	$1.0B+15.6%	$880.0M-2.1%	$899.0M+3.0%	$873.0M-6.7%	$936.0M
Interest Expense	$1.1B	$1.1B+12.3%	$959.0M	$0	$0+100.0%	-$469.0M-770.0%	$70.0M+108.7%	-$805.0M-8.9%	-$739.0M-16.0%	-$637.0M-2.1%	-$624.0M-4.2%	-$599.0M+2.9%	-$617.0M
Income Tax	$28.0M	-$83.0M+77.9%	-$375.0M-13.6%	-$330.0M-184.6%	$390.0M+22.6%	$318.0M+196.7%	-$329.0M-622.2%	$63.0M+310.0%	-$30.0M+96.7%	-$902.0M-22650.0%	$4.0M-76.5%	$17.0M+200.0%	-$17.0M
Net Income	-$637.0M	-$747.0M+73.9%	-$2.9B-564.6%	$616.0M-70.1%	$2.1B+464.1%	$365.0M+121.3%	-$1.7B-2855.2%	-$58.0M+74.2%	-$225.0M-168.8%	$327.0M+166.6%	-$491.0M-279.9%	$273.0M+432.9%	-$82.0M
EPS (Diluted)	-$2.23	-$2.43+74.0%	-$9.34-771.9%	$1.39-58.6%	$3.36+1344.4%	-$0.27	-$11.44-2234.7%	-$0.49+79.1%	-$2.35-168.3%	$3.44+158.8%	-$5.85	$3.00+433.3%	-$0.90

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$2.0B-1.2%	$2.0B-18.2%	$2.5B+13.4%	$2.2B+20.5%	$1.8B-11.1%	$2.0B-20.8%	$2.6B+9.5%	$2.4B
SG&A Expenses	$236.0M-6.0%	$251.0M+4.1%	$241.0M-2.0%	$246.0M+12.3%	$219.0M-2.7%	$225.0M+19.0%	$189.0M-22.2%	$243.0M
Interest Expense	$256.0M+43.0%	$179.0M-27.5%	$247.0M-35.7%	$384.0M+43.8%	$267.0M-61.4%	$692.0M+181.3%	$246.0M+3.8%	$237.0M
Income Tax	$29.0M+200.0%	-$29.0M-158.0%	$50.0M+327.3%	-$22.0M+73.2%	-$82.0M+2.4%	-$84.0M+70.8%	-$288.0M-173.5%	$392.0M
Net Income	-$333.0M-71.6%	-$194.0M-205.4%	$184.0M+162.6%	-$294.0M+33.6%	-$443.0M+7.5%	-$479.0M+64.0%	-$1.3B-54.0%	-$865.0M
EPS (Diluted)	-$1.06-65.6%	-$0.64-252.4%	$0.42+144.2%	-$0.95+34.0%	-$1.44+7.1%	-$1.55+64.3%	-$4.34-53.9%	-$2.82

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.

HTZ Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HTZ quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14
Total Assets	$22.3B+2.3%	$21.8B-11.4%	$24.6B+9.4%	$22.5B+13.7%	$19.8B+17.0%	$16.9B-31.3%	$24.6B+15.2%	$21.4B+6.6%	$20.1B+4.7%	$19.2B-18.5%	$23.5B	N/A
Cash & Equivalents	$565.0M-4.6%	$592.0M-22.5%	$764.0M-19.0%	$943.0M-58.2%	$2.3B+106.0%	$1.1B+26.7%	$865.0M-23.2%	$1.1B+5.1%	$1.1B+31.4%	$816.0M+72.2%	$474.0M0.0%	$474.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$29.0M	N/A
Accounts Receivable	$1.1B-7.9%	$1.2B+1.2%	$1.2B+22.3%	$974.0M+28.5%	$758.0M-2.4%	$777.0M-57.8%	$1.8B+15.9%	$1.6B+16.3%	$1.4B+6.4%	$1.3B-28.2%	$1.8B	N/A
Goodwill	$1.0B+0.1%	$1.0B0.0%	$1.0B0.0%	$1.0B-0.1%	$1.0B0.0%	$1.0B-0.2%	$1.0B-3.3%	$1.1B-0.1%	$1.1B+0.3%	$1.1B-14.3%	$1.3B-0.1%	$1.3B
Total Liabilities	$22.8B+5.2%	$21.6B+0.6%	$21.5B+8.4%	$19.9B+18.1%	$16.8B-0.1%	$16.8B-26.1%	$22.7B+12.2%	$20.3B+9.3%	$18.5B+2.5%	$18.1B-15.9%	$21.5B	N/A
Long-Term Debt	N/A	N/A	$15.7B+13.2%	$13.9B+27.1%	$10.9B+74.0%	$6.3B	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$459.0M-400.0%	$153.0M-95.1%	$3.1B+16.9%	$2.6B-11.2%	$3.0B+5216.1%	$56.0M-96.8%	$1.8B+66.7%	$1.1B-30.2%	$1.5B+41.4%	$1.1B-46.8%	$2.0B-18.1%	$2.5B
Retained Earnings	-$3.2B-29.9%	-$2.5B-795.0%	$360.0M+240.6%	-$256.0M+88.9%	-$2.3B+13.7%	-$2.7B-177.2%	-$967.0M-6.4%	-$909.0M-79.6%	-$506.0M+42.6%	-$882.0M-125.6%	-$391.0M	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$23.3B+4.4%	$22.3B-3.0%	$23.0B-0.4%	$23.1B+4.7%	$22.0B+1.1%	$21.8B-5.1%	$23.0B-8.8%	$25.2B
Cash & Equivalents	$583.0M+3.2%	$565.0M-48.4%	$1.1B+117.7%	$503.0M-19.6%	$626.0M+5.7%	$592.0M+18.2%	$501.0M-11.8%	$568.0M
Accounts Receivable	$1.1B+0.9%	$1.1B-8.3%	$1.2B+5.2%	$1.1B-6.7%	$1.2B+2.2%	$1.2B-10.1%	$1.3B+5.8%	$1.3B
Goodwill	$1.0B0.0%	$1.0B0.0%	$1.0B0.0%	$1.0B+0.1%	$1.0B0.0%	$1.0B0.0%	$1.0B0.0%	$1.0B
Total Liabilities	$24.1B+5.7%	$22.8B-2.3%	$23.3B-1.2%	$23.6B+5.7%	$22.3B+3.0%	$21.6B-2.9%	$22.3B-4.0%	$23.2B
Total Equity	-$786.0M-71.2%	-$459.0M-44.8%	-$317.0M+37.1%	-$504.0M-92.4%	-$262.0M-271.2%	$153.0M-77.5%	$681.0M-65.2%	$2.0B
Retained Earnings	-$3.6B-10.2%	-$3.2B-6.4%	-$3.1B+5.7%	-$3.2B-10.0%	-$2.9B-17.7%	-$2.5B-23.7%	-$2.0B-192.8%	-$691.0M

Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities, Long-Term Debt.

HTZ Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HTZ quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14
Operating Cash Flow	$1.4B	$1.6B-26.9%	$2.2B-10.1%	$2.5B-2.5%	$2.5B+40.5%	$1.8B+89.5%	$953.0M-67.1%	$2.9B+13.5%	$2.6B+6.8%	$2.4B-5.3%	$2.5B-8.9%	$2.8B-5.6%	$2.9B
Investing Cash Flow	-$2.4B	-$2.0B+31.9%	-$2.9B+27.2%	-$4.0B+4.9%	-$4.2B-19.4%	-$3.5B-177.2%	$4.6B+203.8%	-$4.4B-5.4%	-$4.2B-39.9%	-$3.0B-46.5%	-$2.0B	N/A	N/A
Financing Cash Flow	$1.2B	$372.0M-43.5%	$658.0M-49.9%	$1.3B+169.6%	$487.0M-82.9%	$2.8B+153.0%	-$5.4B-464.5%	$1.5B-5.6%	$1.6B+58.0%	$988.0M	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	$239.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$0	$0-100.0%	$315.0M-87.2%	$2.5B+276.3%	$654.0M	$0	$0	$0	$0-100.0%	$100.0M-83.5%	$605.0M	$0

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$20.0M-89.6%	$193.0M-76.9%	$835.0M+141.3%	$346.0M+37.8%	$251.0M-39.4%	$414.0M-53.7%	$894.0M+63.7%	$546.0M
Investing Cash Flow	-$1.1B-302.2%	-$273.0M-72.8%	-$158.0M+81.3%	-$846.0M-17.8%	-$718.0M-312.4%	$338.0M+169.4%	-$487.0M+76.6%	-$2.1B
Financing Cash Flow	$1.1B+472.5%	-$305.0M-19.1%	-$256.0M-143.6%	$587.0M+69.7%	$346.0M+169.5%	-$498.0M+2.5%	-$511.0M-132.3%	$1.6B
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0	$0	$0

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.

HTZ Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

HTZ quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14
Net Margin	-8.8%+22.9pp	-31.6%-38.2pp	6.6%-17.1pp	23.7%+18.7pp	5.0%+37.6pp	-32.6%-32.0pp	-0.6%+1.8pp	-2.4%-6.1pp	3.7%+9.3pp	-5.6%-8.6pp	3.0%+3.9pp	-0.9%
Return on Equity	N/A	-1870.6%-1890.5pp	19.9%-57.9pp	77.8%+65.6pp	12.3%+3073.0pp	-3060.7%-3057.4pp	-3.3%+17.9pp	-21.2%-42.7pp	21.5%+67.2pp	-45.7%-59.2pp	13.5%+16.8pp	-3.3%
Return on Assets	-3.4%+9.8pp	-13.1%-15.6pp	2.5%-6.7pp	9.2%+7.3pp	1.8%+12.0pp	-10.1%-9.9pp	-0.2%+0.8pp	-1.1%-2.7pp	1.6%+4.2pp	-2.6%-3.7pp	1.2%	N/A
Debt-to-Equity	N/A	141.50+136.4x	5.07-0.2x	5.24+1.6x	3.66-108.2x	111.91+99.1x	12.85-6.2x	19.10+6.9x	12.20-4.6x	16.82+6.2x	10.65	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Net Margin	-16.6%-7.0pp	-9.6%-17.0pp	7.4%+20.9pp	-13.5%+11.0pp	-24.4%-0.9pp	-23.5%+28.2pp	-51.7%-15.0pp	-36.8%
Return on Equity	N/A	N/A	N/A	N/A	N/A	-313.1%-117.5pp	-195.6%-151.4pp	-44.2%
Return on Assets	-1.4%-0.6pp	-0.9%-1.7pp	0.8%+2.1pp	-1.3%+0.7pp	-2.0%+0.2pp	-2.2%+3.6pp	-5.8%-2.4pp	-3.4%
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	141.50+108.8x	32.74+20.9x	11.86

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Note: Shareholder equity is negative (-$459.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Where Hertz Global Hld Ranks

Frequently Asked Questions

What is Hertz Global Hld's annual revenue?

Hertz Global Hld (HTZ) reported $8.5B in total revenue for fiscal year 2025. This represents a -6.0% 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 Hertz Global Hld's revenue growing?

Hertz Global Hld (HTZ) revenue declined by 6.0% year-over-year, from $9.0B to $8.5B in fiscal year 2025.

Is Hertz Global Hld profitable?

No, Hertz Global Hld (HTZ) reported a net income of -$747.0M in fiscal year 2025, with a net profit margin of -8.8%.

What is Hertz Global Hld's net profit margin?

Hertz Global Hld (HTZ) had a net profit margin of -8.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Hertz Global Hld's operating cash flow?

Hertz Global Hld (HTZ) generated $1.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Hertz Global Hld's total assets?

Hertz Global Hld (HTZ) had $22.3B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Hertz Global Hld have outstanding?

Hertz Global Hld (HTZ) had 312M shares outstanding as of fiscal year 2025.

What is Hertz Global Hld's return on assets (ROA)?

Hertz Global Hld (HTZ) had a return on assets of -3.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Why is Hertz Global Hld's debt-to-equity ratio negative or not reported?

Hertz Global Hld (HTZ) has negative shareholder equity of -$459.0M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Hertz Global Hld's Piotroski F-Score?

Hertz Global Hld (HTZ) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Hertz Global Hld's earnings high quality?

Hertz Global Hld (HTZ) reported a net loss of $747.0M while generating $1.6B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.