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

Hertz Global Hld (HTZWW) 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

HTZWW

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Hertz Global Hld (HTZWW) financial statements, including the 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 HTZWW FY2025 2026-04-22

Operating cash remains intact, but equity has been wiped out, leaving the business financed mainly by liabilities.

Revenue softened in the last two filings, but operating cash flow still stayed above $1.6B in each loss year. Meanwhile equity swung from $3.1B to -$459M, showing that losses and leverage have eroded the shareholder cushion even though the business continues to generate operating cash.

The balance sheet has shifted from thinly positive equity to negative equity: shareholder capital moved from $3.1B in FY2023 to -$459M in FY2025. That matters because additional asset pressure now reaches creditors' cushion before shareholders have much residual buffer, reducing room to absorb operational volatility.

Interest expense of $1.1B against operating cash flow of $1.6B shows how much of the company's cash engine is claimed by financing costs before reinvestment. With cash down to $565M and buybacks halted after earlier repurchases, capital allocation has shifted from returning cash to preserving liquidity and supporting the balance sheet.

Financial Health Signals

Financial Profile 4/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Hertz Global Hld's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Hertz Global Hld's revenue declined 6% year-over-year, from $9.0B to $8.5B. This contraction results in a growth score of 25/100.

Leverage

Hertz Global Hld has elevated debt relative to equity (D/E of -49.61), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Piotroski F-Score Weak

3/9

Hertz Global Hld passes 3 of 9 financial strength tests. 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

-2.18x

For every $1 of reported earnings, Hertz Global Hld generates $-2.18 in operating cash flow ($1.6B OCF vs -$747.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

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.

EBITDA

N/A

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.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$565.0M

YoY-4.6%

5Y CAGR-12.4%

10Y CAGR+1.8%

Hertz Global Hld held $565.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

312M

YoY+1.6%

5Y CAGR+14.8%

Hertz Global Hld had 312M shares outstanding in fiscal year 2025. This represents an increase of 1.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

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.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

Hertz Global Hld spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

HTZWW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$8.5B-6.0%	$9.0B-3.4%	$9.4B+7.9%	$8.7B+18.4%	$7.3B+39.5%	$5.3B
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$957.0M+16.8%	$819.0M-14.9%	$962.0M+0.3%	$959.0M+39.4%	$688.0M+6.7%	$645.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.1B+12.3%	$959.0M	$0	$0+100.0%	-$469.0M-770.0%	$70.0M
Income Tax	-$83.0M+77.9%	-$375.0M-13.6%	-$330.0M-184.6%	$390.0M+22.6%	$318.0M+196.7%	-$329.0M
Net Income	-$747.0M+73.9%	-$2.9B-564.6%	$616.0M-70.1%	$2.1B+464.1%	$365.0M+121.3%	-$1.7B
EPS (Diluted)	$-2.43+74.0%	$-9.34-771.9%	$1.39-58.6%	$3.36+1344.4%	$-0.27+97.6%	$-11.44

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$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+13.1%	$2.1B
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	$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+50.0%	$162.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$713.0M+188.7%	$247.0M-35.7%	$384.0M+243.8%	-$267.0M-138.6%	$692.0M+181.3%	$246.0M+3.8%	$237.0M+209.7%	-$216.0M
Income Tax	-$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+199.2%	-$395.0M
Net Income	-$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-365.1%	-$186.0M
EPS (Diluted)	N/A	$0.42+144.2%	$-0.95+34.0%	$-1.44	N/A	$-4.34-53.9%	$-2.82-362.3%	$-0.61

HTZWW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$22.3B+2.3%	$21.8B-11.4%	$24.6B+9.4%	$22.5B+13.7%	$19.8B+17.0%	$16.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	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
Inventory	N/A	N/A	N/A	N/A	N/A	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
Goodwill	$1.0B+0.1%	$1.0B0.0%	$1.0B0.0%	$1.0B-0.1%	$1.0B0.0%	$1.0B
Total Liabilities	$22.8B+5.2%	$21.6B+0.6%	$21.5B+8.4%	$19.9B+18.1%	$16.8B-0.1%	$16.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	$15.7B+13.2%	$13.9B+27.1%	$10.9B+74.0%	$6.3B
Total Equity	-$459.0M-400.0%	$153.0M-95.1%	$3.1B+16.9%	$2.6B-11.2%	$3.0B+5216.1%	$56.0M
Retained Earnings	-$3.2B-29.9%	-$2.5B-795.0%	$360.0M+240.6%	-$256.0M+88.9%	-$2.3B+13.7%	-$2.7B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$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+3.6%	$24.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$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+22.2%	$465.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$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+4.5%	$1.2B
Goodwill	$1.0B0.0%	$1.0B0.0%	$1.0B+0.1%	$1.0B0.0%	$1.0B0.0%	$1.0B0.0%	$1.0B0.0%	$1.0B
Total Liabilities	$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+8.0%	$21.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$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-30.4%	$2.8B
Retained Earnings	-$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-497.1%	$174.0M

HTZWW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.6B-26.9%	$2.2B-10.1%	$2.5B-2.5%	$2.5B+40.5%	$1.8B+89.5%	$953.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$2.0B+31.9%	-$2.9B+27.2%	-$4.0B+4.9%	-$4.2B-19.4%	-$3.5B-177.2%	$4.6B
Financing Cash Flow	$372.0M-43.5%	$658.0M-49.9%	$1.3B+169.6%	$487.0M-82.9%	$2.8B+153.0%	-$5.4B
Dividends Paid	N/A	N/A	N/A	N/A	$239.0M	N/A
Share Buybacks	$0	$0-100.0%	$315.0M-87.2%	$2.5B+276.3%	$654.0M	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$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+47.6%	$370.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$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-195.4%	-$703.0M
Financing Cash Flow	-$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+1761.2%	$85.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	$0	$0	$0	$0

HTZWW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	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
Net Margin	-8.8%+22.9pp	-31.6%-38.2pp	6.6%-17.1pp	23.7%+18.7pp	5.0%+37.6pp	-32.6%
Return on Equity	N/A	-1870.6%-1890.5pp	19.9%-57.9pp	77.8%+65.6pp	12.3%+3073.0pp	-3060.7%
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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	-49.61-191.1	141.50+136.4	5.07-0.2	5.24+1.6	3.66-108.2	111.91
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
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	-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%-27.8pp	-8.9%
Return on Equity	N/A	N/A	N/A	N/A	-313.1%-117.5pp	-195.6%-151.4pp	-44.2%-37.6pp	-6.6%
Return on Assets	-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%-2.7pp	-0.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	-49.61+23.9	-73.52-26.7	-46.80+38.3	-85.15-226.6	141.50+108.8	32.74+20.9	11.86+4.2	7.65
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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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Frequently Asked Questions

What is Hertz Global Hld's annual revenue?

Hertz Global Hld (HTZWW) 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 (HTZWW) revenue declined by 6% year-over-year, from $9.0B to $8.5B in fiscal year 2025.

Is Hertz Global Hld profitable?

No, Hertz Global Hld (HTZWW) 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 (HTZWW) 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 (HTZWW) 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 (HTZWW) 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 (HTZWW) had 312M shares outstanding as of fiscal year 2025.

What is Hertz Global Hld's debt-to-equity ratio?

Hertz Global Hld (HTZWW) had a debt-to-equity ratio of -49.61 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

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

Hertz Global Hld (HTZWW) 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 unusual?

Hertz Global Hld (HTZWW) has negative shareholder equity of -$459.0M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. 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 (HTZWW) has a Piotroski F-Score of 3 out of 9, indicating weak 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 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 (HTZWW) has an earnings quality ratio of -2.18x, considered mixed 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 Hertz Global Hld?

Hertz Global Hld (HTZWW) scores 4 out of 100 on our Financial Profile, indicating weak 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.