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Earnings transcript
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HRI
Herc Holdings Inc.
$148.69
3.56
(2.45%)
| Exchange: | NYSE |
| Market Cap: | 4.965B |
| Shares Outstanding: | 242.46B |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Rental & Leasing Services | |||||
| CEO: | Lawrence H. Silber | |||||
| Full Time Employees: | 7600 | |||||
| Address: |
| |||||
| Website: | https://ir.hercrentals.com |
Herc Holdings Inc. operates as a prominent equipment rental provider across the United States and globally, leveraging its network of subsidiaries. The company offers a vast inventory of rental equipment, including aerial work platforms, heavy earthmoving machinery, material handling solutions, commercial trucks and trailers, air compressors, compaction tools, and lighting apparatus. Furthermore, Herc delivers specialized, industry-specific services under its ProSolutions brand, encompassing critical needs like power generation, climate control, environmental remediation, pumping systems, trench shoring, and gear for studio and event production. It also supplies professional-grade tools through its ProContractor offering. Beyond rentals, Herc provides extensive support services such as equipment repair, routine maintenance, comprehensive asset management, and safety training. Additional offerings include re-renting specialized equipment, providing on-site support, and a suite of supplementary services like transportation, rental protection plans, cleaning, refueling, and temporary labor. The firm also engages in the sale of pre-owned machinery and a wide range of contractor essentials, including construction consumables, various tools, smaller equipment units, and personal safety gear. Herc caters to a broad and diverse client base, spanning non-residential and residential construction, specialized trades, restoration, environmental remediation, and facility maintenance contractors. Its industrial manufacturing clients include sectors like automotive, aerospace, power generation, metals and mining, agriculture, pulp, paper and wood, food and beverage, and petrochemical refining. The company also serves infrastructure and government bodies, alongside commercial facilities, hospitality, healthcare, recreational venues, entertainment production companies, and special event organizers. Products and services are distributed through a dedicated sales force, industry-specific catalogs, active participation in and sponsorship of trade shows and other industry events, and its online platforms. Established in 1965, Herc Holdings Inc. maintains its corporate headquarters in Bonita Springs, Florida.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 3,282,000 | 3,568,000 | 4,376,000 |
| Gross Profit | 1,223,000 | 1,350,000 | 1,234,000 |
| EBITDA | 775,000 | 870,000 | 1,750,000 |
| Operating Income | 775,000 | 870,000 | 670,000 |
| Net Income | 347,000 | 211,000 | 1,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 7,061,000 | 7,877,000 | 13,776,000 |
| Total Liabilities | 5,788,000 | 6,481,000 | 11,828,000 |
| Total Stockholders Equity | 1,273,000 | 1,396,000 | 1,948,000 |
| Total Debt | 4,479,000 | 5,072,000 | 1,567,000 |
| Cash and Cash Equivalents | 71,000 | 83,000 | 52,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,086,000 | 1,225,000 | 0 |
| Capital Expenditure | -1,476,000 | -1,209,000 | 0 |
| Free Cash Flow | -390,000 | 16,000 | 0 |
| Net Income | 347,000 | 211,000 | 24,000 |
| Net Change in Cash | 17,000 | 12,000 | -31,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 5,864,023.597 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 6,148,739.496 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 6,005,921.342 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 3,182,578.220 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 3,337,101.919 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 3,259,590.303 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 635,617.346 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 676,030.403 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 655,758.562 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 820,327.448 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 860,156.802 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 840,177.746 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 20.880 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 21.530 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 20.240 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: Herc Holdings reported a 13.7% increase in rental revenue for Q2 2025, as highlighted in the earnings call transcript. This growth reflects strong demand for rental equipment and effective market penetration within the equipment rental industry.
- Operational Efficiency: Key financial metrics indicate a healthy gross profit margin (TTM) and positive net profit margin (TTM), suggesting efficient cost management and profitability despite operational challenges. This is further supported by consistent net cash provided by operating activities in recent cash flow statements.
- Strong Market Position: The company’s strategic initiatives, as discussed in the Q2 2025 earnings call, focus on capturing synergies and enhancing market presence. With a substantial market cap and a significant number of full-time employees, HRI demonstrates a competitive stance in the industrial sector.
- Positive Free Cash Flow: Free cash flow (TTM) remains positive, indicating the company’s ability to generate cash after capital expenditures. This financial flexibility supports reinvestment in growth initiatives and debt management.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates HRI intrinsic value between $8.19 – $8.26 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about HRI valuation
Is Herc Holdings Inc. (HRI) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Herc Holdings Inc. (HRI) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is HRI a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether HRI trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is HRI’s P/E ratio?
You can see HRI’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for HRI?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is HRI a good long-term investment?
Whether HRI fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
HRI
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Daily snapshot
2.45
Trading Metrics:
| Open: | 146.84 | Previous Close: | 145.13 | |
| Day Low: | 144.64 | Day High: | 150.72 | |
| Year Low: | 88.45 | Year High: | 188.35 | |
| Price Avg 50: | 121.58 | Price Avg 200: | 134.14 | |
| Volume: | 81687 | Average Volume: | 589582 |
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Login — it's freeHRI full analysis
Welcome to MARKETSNAP’s SWOT analysis for Herc Holdings, a key player in the equipment rental space. If you’re not familiar with Herc Holdings, let me give you the quick rundown. This company operates in the equipment rental industry, primarily serving construction, industrial, and infrastructure markets across North America. Think of them as the go-to for heavy machinery and tools needed on big job sites. With a solid footprint and a focus on rental services, they’ve carved out a notable position…
