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Herc Holdings Inc (HRI) stock

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NYSE: HRI NYSE Trading Companies & Distributors Next results ~February 16, 2027

C Fundamentals grade

Herc Holdings Inc is a US-listed company in the trading companies & distributors industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($988.65) was left out of our combined valuation (it is 5.85x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($988.65) was left out of our combined valuation (it is 5.85x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating. We'll show the comparison once resolved.

Herc Holdings Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 0 selling2 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds195 adding, 126 cuttingOf 60 active managers that changed their stake, 33 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Herc files

10-Q filed October 27: Herc

Revenue for the twelve months to September 2026 reached $4.92bn, up 19.4% on a year earlier. That pace cooled from the 28.5% growth recorded a quarter earlier, though it still ranks 5 of 21 among the trading companies and distributors we cover. Free-cash-flow margin held firm at 22.9%. Less helpful is the diluted share count, up 11.4% year on year, which dilutes existing holders. On balance, the fundamentals grade slips from C to D.

Our model value for Herc is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 27, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Herc stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $4.86bn, up 28.5% on a year earlier, about the same pace as a quarter earlier. That growth ranks 4 of 21 among the trading companies & distributors companies we cover. Free-cash-flow margin fell to 22.8% from 24.1% a year earlier. The diluted share count is up 15.8% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 6 financial-health checks.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 16, 2027 (estimated)

Herc Holdings Inc's trailing-twelve-month revenue grew 19.4% year on year, with a free-cash-flow margin of 22.9%. Where it stands out: free-cash-flow margin of 22.9% ranks 4 of 32 trading companies & distributors companies we cover. Where it lags: change in share count of 11.4% ranks 24 of 27 trading companies & distributors companies we cover.

Our discounted-cash-flow model values the business at ~$990 per share in the base case (~$690–$1400 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 19.4% (-9.1pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 19.4% over the last 12 months, against a median of 8.5% for trading companies & distributors companies we cover.
  • Strong cash generation. 22.9% of revenue turned into free cash flow, against a median of 2.8% for trading companies & distributors companies we cover.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 15.8% over 90 days.

Things to watch

  • Growth slowing. The growth rate is 9.1 points lower than a quarter earlier.
  • Share dilution. Diluted shares rose 11.4% in a year.
  • High debt. Long-term debt exceeds cash by $7.9bn, more than 1.5 times annual revenue.
  • High earnings multiple. The shares trade at 46 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 62% and a beta of 1.9 against the S&P 500.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 56.9% ranks 25 of 29 trading companies & distributors companies we cover (median 21.4%).

Latest results: FY2026 Q3

Filed October 27, 2026
Earnings per share
$3.91 against an average estimate of $2.92: beat by 33.8%
Revenue
$1.36bn, up 4.6% on a year earlier
Share reaction
+30.7% in the first session after the results on October 27, 2026, against +0.9% for the S&P 500
Next report
October 27, 2026; average EPS estimate $2.96

Herc's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.8%
  • 1 week+8.6%
  • 1 month+22.4%
  • This year+15.0%
  • 1 year+26.7%
  • 5 years-3.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4.9B
Net margin
2.5%
EPS (TTM, diluted)
$3.67

Growth

Revenue growth
+19.4%
Change in growth rate
−9.1 pts
Share count change
+11.4%

Cash

Free cash flow (TTM)
$1.1B
FCF margin
22.9%
Stock pay % of revenue
0.6%

Earnings

Last results
October 27, 2026
Next results (est.)
February 16, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results
  3. Our research
  4. Our research
  5. Leadership
  6. Agreement
  7. Announcement
  8. Dividend
  9. Leadership
  10. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Herc Holdings Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($988.65) was left out of our combined valuation (it is 5.85x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of Herc Holdings Inc's free cash flow after stock-based pay ( $1.2B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Herc Holdings Inc as an operating company, with every model that fits that kind of business. Cost of equity 10.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.23 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$990 ~$690–$1400 Left out: out of range vs price (5.88x)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$220 ~$190–$260 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$120 ~$88–$150 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$120 ~$110–$140 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Herc Holdings Inc with Trading Companies & Distributors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$38.91$36.60$57.06$23.69$44.60$60.52$143.06$122.42$141.43$182.97$146.21$168.14
Market value$1.2bn$1.0bn$1.6bn$685m$1.3bn$1.8bn$4.3bn$3.7bn$4.1bn$5.2bn$4.6bn$5.6bn
+ Net debt (− = net cash)$39m$2.2bn$2.1bn$2.1bn$2.1bn$1.6bn$1.9bn$2.9bn$3.6bn$4.0bn$8.0bn$8.0bn
Enterprise value$1.2bn$3.2bn$3.8bn$2.8bn$3.4bn$3.4bn$6.2bn$6.6bn$7.7bn$9.2bn$12.6bn$13.6bn
Multiples
Price / sales 0.1x0.7x0.9x0.3x0.6x1.0x2.1x1.3x1.2x1.5x1.0x1.1x
Price / earnings 10.6x—10.2x9.9x27.3x24.1x19.4x11.2x11.7x24.7xn/m45.8x
Price / free cash flow 2.8x2.7x5.9x1.4x2.2x3.1x6.2x4.5x4.4x4.9x4.9x5.0x
EV / EBITDA ————————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

39 /100

Weak moat

How hard Herc's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 2 / 20

    Net income has been a median 3.0% of total assets over 10 years.

  • Durability 1 / 20

    Net margin has been a median 6.3%; its worst year was -1.7%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 28.9% of revenue.

  • Discipline 13 / 20

    The diluted share count rose 10.7% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (44 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $8.81 +16% $5.4bn +23%
Next $11.70 +33% $5.5bn +2%

Next year's EPS estimate has moved +15.8% in 90 days, across 11 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +17.5% on 90 days ago. In the last 30 days, 1 analyst raised Herc Holdings Inc's forecast and 0 cut it.

Consensus EPS forecast Herc Holdings Inc, last 90 days
$6.00 $8.00 $10.00 $12.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $7.50 Current fiscal year, 60 days ago: $7.48 Current fiscal year, 30 days ago: $7.44 Current fiscal year, 7 days ago: $7.10 Current fiscal year, Now: $8.81 $8.81 Next fiscal year, 90 days ago: $10.11 Next fiscal year, 60 days ago: $10.14 Next fiscal year, 30 days ago: $10.93 Next fiscal year, 7 days ago: $10.90 Next fiscal year, Now: $11.70 $11.70

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $7.50$10.11
60 days ago $7.48$10.14
30 days ago $7.44$10.93
7 days ago $7.10$10.90
Now $8.81$11.70

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.92 $3.91 +33.8%
Jun 2026 $0.73 $1.43 +95.0%
Mar 2026 −$0.21 $0.21 +201.2%
Dec 2025 $1.87 $2.07 +11.0%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Herc Holdings Inc's revenue by +13.3% next year and +12.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+11.5%, weight 68%) and the company's own record (+17.2%, weight 32%) . How the weights are set.

Analyst recommendations

11 analysts, Oct 2026
Buy873%
Hold218%
Sell19%

Monthly trend

  1. Oct 2026262111
  2. Sep 2026262111
  3. Aug 2026163111
  4. Jul 2026163111

Counts of recommendations published by analysts covering Herc Holdings Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
11.8%
of tradable shares
Days to cover
3.53
at average volume
Short interest, 1 month
+21%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
2.2%
of shares
Employees
9,600
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +20.7%

$139.33 on October 31, 2025 to $168.14

ThenNowEffect
Revenue (last 12 months) $3.8bn $4.9bn +28.5%
Net margin 0.6% 1.0% +65.8%
P/E multiple 175.1x 114.9x −34.4%
Share count 29m 33m −13.7%

Biggest factor: net margin.

Last 3 years +43.5%

$117.18 on November 3, 2023 to $168.14

ThenNowEffect
Revenue (last 12 months) $3.1bn $4.9bn +58.0%
Net margin 11.1% 1.0% −90.9%
P/E multiple 10.1x 114.9x +1035.5%
Share count 30m 33m −11.8%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
HRI+136%−14%+16%+29%−20%+15%
Industry peers (median)+34%−10%+31%−7%+6%+12%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
HRI67%50%42%58%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
HRI−22%−50%−41%−26%−51%−50%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 82% from March 9, 2018 to March 18, 2020. Getting back needed a 462% gain, reached on January 12, 2021, 300 days after the low.

Price behaviour

52-week range
$90.13 – $178.47
From 52-week high
−5.8%
vs 50-day average
+20.7%
vs 200-day average
+21.7%
Volatility (1 year)
62%
Beta vs S&P 500
1.89

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±11.2%
After a week
5 up, 6 down
typical move ±10.1%
After a month
6 up, 5 down
typical move ±13.7%
Results releasedNext dayS&P 500 next day5 days21 days
October 27, 2026 +30.7% +0.9% — —
July 28, 2026 −10.6% −1.3% +6.7% −2.3%
April 28, 2026 +5.6% −0.5% +5.0% +10.1%
February 17, 2026 −14.6% +0.7% −13.8% −38.7%
October 28, 2025 +6.3% +0.3% +0.6% +3.0%
July 29, 2025 −21.7% −0.4% −22.5% −11.0%
April 22, 2025 −6.0% +4.2% −3.5% +12.3%
February 13, 2025 −3.4% +1.1% −20.8% −38.1%
October 22, 2024 +23.9% −1.0% +24.7% +26.2%
July 23, 2024 +1.1% −2.4% +6.1% −4.6%
April 23, 2024 +3.6% +1.1% −3.6% +2.6%
February 13, 2024 −7.2% −0.5% −4.1% +2.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Herc Holdings Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Herc Holdings Inc
$3B $3.5B $4B $4.5B $5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $3.3B Revenue (TTM), FY24 Q1: $3.3B Revenue (TTM), FY24 Q2: $3.4B Revenue (TTM), FY24 Q3: $3.4B Revenue (TTM), FY24 Q4: $3.6B Revenue (TTM), FY25 Q1: $3.6B Revenue (TTM), FY25 Q2: $3.8B Revenue (TTM), FY25 Q3: $4.1B Revenue (TTM), FY25 Q4: $4.4B Revenue (TTM), FY26 Q1: $4.7B Revenue (TTM), FY26 Q2: $4.9B Revenue (TTM), FY26 Q3: $4.9B $4.9B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $3.3B
FY24 Q1 $3.3B
FY24 Q2 $3.4B
FY24 Q3 $3.4B
FY24 Q4 $3.6B
FY25 Q1 $3.6B
FY25 Q2 $3.8B
FY25 Q3 $4.1B
FY25 Q4 $4.4B
FY26 Q1 $4.7B
FY26 Q2 $4.9B
FY26 Q3 $4.9B
Revenue growth, TTM YoY Herc Holdings Inc
0% 10% 20% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 19.8% Revenue growth, TTM YoY, FY24 Q1: 14.9% Revenue growth, TTM YoY, FY24 Q2: 10.3% Revenue growth, TTM YoY, FY24 Q3: 6.5% Revenue growth, TTM YoY, FY24 Q4: 8.7% Revenue growth, TTM YoY, FY25 Q1: 8.3% Revenue growth, TTM YoY, FY25 Q2: 11.4% Revenue growth, TTM YoY, FY25 Q3: 19.4% Revenue growth, TTM YoY, FY25 Q4: 22.6% Revenue growth, TTM YoY, FY26 Q1: 28.4% Revenue growth, TTM YoY, FY26 Q2: 28.5% Revenue growth, TTM YoY, FY26 Q3: 19.4% 19.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 19.8%
FY24 Q1 14.9%
FY24 Q2 10.3%
FY24 Q3 6.5%
FY24 Q4 8.7%
FY25 Q1 8.3%
FY25 Q2 11.4%
FY25 Q3 19.4%
FY25 Q4 22.6%
FY26 Q1 28.4%
FY26 Q2 28.5%
FY26 Q3 19.4%
FCF margin (TTM) Herc Holdings Inc
20% 25% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 28.3% FCF margin (TTM), FY24 Q1: 28.0% FCF margin (TTM), FY24 Q2: 28.8% FCF margin (TTM), FY24 Q3: 29.6% FCF margin (TTM), FY24 Q4: 29.8% FCF margin (TTM), FY25 Q1: 27.4% FCF margin (TTM), FY25 Q2: 24.1% FCF margin (TTM), FY25 Q3: 22.9% FCF margin (TTM), FY25 Q4: 21.2% FCF margin (TTM), FY26 Q1: 22.0% FCF margin (TTM), FY26 Q2: 22.8% FCF margin (TTM), FY26 Q3: 22.9% 22.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 28.3%
FY24 Q1 28.0%
FY24 Q2 28.8%
FY24 Q3 29.6%
FY24 Q4 29.8%
FY25 Q1 27.4%
FY25 Q2 24.1%
FY25 Q3 22.9%
FY25 Q4 21.2%
FY26 Q1 22.0%
FY26 Q2 22.8%
FY26 Q3 22.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 7.1 7.6 8.3 9.0 10.8 11.0 10.5 1.6 1.8 2.0 2.0 1.8 2.1 2.7 3.3 3.6 4.4 4.9
Net income −0.1 −0.0 0.2 0.2 0.3 0.1 0.1 −0.0 0.2 0.1 0.0 0.1 0.2 0.3 0.3 0.2 0.0 0.1
Diluted EPS −$0.35 −$0.12 $0.37 $0.41 $0.67 $2.87 $3.69 −$0.70 $5.60 $2.39 $1.63 $2.51 $7.37 $10.92 $12.09 $7.40 $0.03 $3.67
Growth (year on year)
Revenue −16.7% +6.5% +9.7% +8.6% +19.5% +2.5% −4.6% −85.2% +12.8% +12.7% +1.1% −10.9% +16.4% +32.2% +19.8% +8.7% +22.6% +19.4%
Net income — — — — +64.1% −70.3% — — — −56.9% −31.3% +55.2% +203.9% +47.3% +5.2% −39.2% −99.5% —
Diluted EPS — — — — +63.4% +328.4% — — — −57.3% −31.8% +54.0% +193.6% +48.2% +10.7% −38.8% −99.6% —
Margins
Net margin −1.8% −0.6% 2.0% 2.0% 2.8% 0.8% 1.1% −1.3% 9.1% 3.5% 2.4% 4.1% 10.8% 12.0% 10.6% 5.9% 0.0% 2.5%
Free-cash-flow margin 22.4% 26.8% 23.2% 26.8% 30.3% 3.9% 4.0% 24.8% 15.6% 24.4% 28.9% 32.0% 33.6% 29.7% 28.3% 29.8% 21.2% 22.9%
Cash flow
Cash from operations 1.7 2.2 2.2 2.7 3.6 0.5 0.5 0.4 0.3 0.6 0.6 0.6 0.7 0.9 1.1 1.2 1.1 1.3
Capital spending 0.1 0.2 0.3 0.3 0.3 0.0 0.1 0.0 0.1 0.1 0.1 0.0 0.0 0.1 0.2 0.2 0.2 0.1
Free cash flow 1.6 2.0 1.9 2.4 3.3 0.4 0.4 0.4 0.3 0.5 0.6 0.6 0.7 0.8 0.9 1.1 0.9 1.1
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Free cash flow after stock pay 1.6 2.0 1.9 2.4 3.2 0.4 0.4 0.4 0.3 0.5 0.6 0.6 0.7 0.8 0.9 1.0 0.9 1.1
Balance sheet
Cash 1.0 2.4 0.9 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1
Total debt 10.4 11.3 11.3 15.4 16.3 16.0 0.1 2.2 2.2 2.2 2.1 1.7 1.9 2.9 3.7 4.1 8.0 8.0
Net debt (negative = net cash) 9.4 8.9 10.4 14.9 16.3 16.0 0.0 2.2 2.1 2.1 2.1 1.6 1.9 2.9 3.6 4.0 8.0 8.0
Diluted shares 371m 412m 445m 448m 464m 32m 30m 28m 29m 29m 29m 29m 30m 30m 29m 29m 31m 34m
Returned to shareholders
Dividends — — — — — — — — — — 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1
Buybacks — — 0.0 0.0 0.6 0.0 0.6 0.0 0.0 — — 0.0 0.0 0.1 0.1 0.0 0.0 —
Total returned — — 0.0 0.0 0.6 0.0 0.6 0.0 0.0 — 0.0 0.0 0.0 0.2 0.2 0.1 0.1 0.1

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 6 checks passed · September 30, 2026
What it owns · $14.1bn
Short-term assets $1.1bnLonger-term assets $12.9bn
What it owes, and who funded it · $14.1bn
Short-term liabilities $1.0bnLonger-term liabilities $11.0bnShareholders' equity $2.0bn
  • Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $1.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.1bn short-term assets against $11.0bn of longer-dated liabilities.
  • More cash than debt $66m of cash against $8.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 403% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 212% to 403% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.3bn of operating cash flow against $8.0bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Herc Holdings Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$94M
Buybacks, last 3 fiscal years
$120M
Diluted share count
+11.4%
year over year
Total shareholder yield
1.7%
dividends 1.7% + buybacks 0.0% of market value
Dividend payout ratio
76%
of net income paid out
Sales & admin spending
12.9%
of revenue
Days sales outstanding
69 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in trading companies & distributors
Last 12 months unless stated HRI SITE AIT MSM FTAI RUSHA Median
Revenue, last 12 months $4.9bn $4.8bn $5.1bn $4.0bn $3.4bn $7.2bn $2.2bn
Revenue growth, last 12 months 19.4% 2.9% 8.5% 6.4% 46.0% −5.9% 8.4%
Revenue growth, 3-year average 14.9% 4.4% 4.4% 0.0% 44.6% −1.9% 5.1%
Revenue growth, latest quarter 4.6% 2.6% 7.6% 10.3% 46.6% −1.6% 9.0%
Gross margin — 35.3% 30.4% 40.9% 37.1% 19.7% 28.3%
Operating margin — 5.5% 11.2% 8.0% — 5.1% 5.5%
Operating margin, 3-year average — 5.0% 11.0% 8.7% — 5.6% 6.4%
Net margin 2.5% 3.5% 8.4% 5.6% 15.0% 3.7% 3.5%
Cash from operations / revenue 25.8% 6.7% 8.9% 7.6% −15.0% 9.3% 4.9%
Free-cash-flow margin 22.9% 5.2% 8.3% 5.6% −17.2% 4.8% 2.4%
Free-cash-flow margin, 3-year average 25.1% 4.9% 9.1% 6.7% −11.5% 3.1% 3.1%
Stock pay / revenue 0.6% 0.6% 0.1% 0.5% 0.8% 0.4% 0.5%
Change in share count 11.4% −1.9% −2.8% 0.2% 1.6% −2.4% −0.5%

Median of all 32 companies we cover in trading companies & distributors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

32 trading companies & distributors companies
Measure Company Peer median Rank
Revenue growth Growth 19.4% 8.5% 8 of 32
Change in growth rate Growth -9.1pp +0.8pp 28 of 32
Net margin Profitability 2.5% 3.5% 19 of 32
Free-cash-flow margin Cash generation 22.9% 2.8% 4 of 32
Stock pay as % of revenue Cash generation 0.6% 0.5% 16 of 29
Long-term debt as % of assets Balance sheet 56.9% 21.4% 25 of 29
Change in share count Balance sheet 11.4% -0.8% 24 of 27
Days sales outstanding Balance sheet 69 days 57 days 22 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Equipment Rental $3.8B ▲ 18.2%
Equipment Rental Excluding Other Rental $3.4B ▲ 17.8%
Sales of Rental Equipment New Equipment Parts and Supplies $572M ▲ 64.4%
Salesof Revenue Earning Equipment $509M ▲ 63.7%
Other Rental Delivery and Pick Up $256M ▲ 20.2%
Other Rental Revenue $256M ▲ 20.2%
Other Rental Miscellaneous $142M ▲ 24.6%
New Equipment Parts and Supplies $63M ▲ 70.3%
Sales of Parts and Supplies $37M ▲ 48.0%
Service and Other Revenue $34M ▲ 9.7%
Sales of New Equipment $26M ▲ 116.7%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
United States $4.1B 94.4% ▲ 24.6%
Outside the US $246M 5.6% ▼ 3.1%

From Herc Holdings Inc's 10-K filed February 17, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$5B
Institutions reporting
332
Shares held vs prior quarter
▲ 7.5%
Positions opened / closed
69 / 39

Top buyers and sellers, Q2 2026: 195 institutions bought and 126 sold ; the biggest buyer was First Trust Advisors LP (+438K shares) and the biggest seller Invesco Ltd (−2.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $716M 5.0M 14.4% ▼ 0.2%
Blackrock, Inc. $411M 2.9M 8.3% ▲ 13.1%
Norges Bank $303M 2.1M 6.1% —
Vanguard Portfolio Management LLC $231M 1.6M 4.7% ▲ 3.0%
Vanguard Capital Management LLC $211M 1.5M 4.2% ▲ 0.9%
Dimensional Fund Advisors LP $191M 1.3M 3.8% ▲ 14.4%
First Trust Advisors LP $188M 1.3M 3.8% ▲ 50.1%
Coliseum Capital Management, LLC $160M 1.1M 3.2% ▼ 32.8%
GAMCO Investors, Inc. Et Al $140M 977K 2.8% ▲ 0.4%
Geode Capital Management, LLC $117M 813K 2.3% ▲ 7.3%
State Street Corp $116M 812K 2.3% ▲ 8.6%
Nomura Asset Management International Inc. $100M 701K 2.0% ▲ 6.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Herc Holdings Inc's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $930,265 2 trades by 2 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $930,265 net buying
Insider Date Trade Shares Price Value
Olsson Erik Director August 21, 2026 Buy 3,085 $163.00 $502,855
Olin John A Director February 27, 2026 Buy 3,000 $142.47 $427,410

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 9 trades and filings

No trades in Herc Holdings Inc disclosed in the last 12 months; 9 earlier trades on record.

  • Jefferson Shreve(R-IN 6):Sale (full), $15,001 - $50,000, traded April 11, 2025, filed May 8, 2025
  • Jefferson Shreve(R-IN 6):Purchase, $15,001 - $50,000, traded April 7, 2025, filed May 8, 2025
  • Jefferson Shreve(R-IN 6):Sale (full), $15,001 - $50,000, traded March 5, 2025, filed April 11, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 16, 2027 estimated from the company's past filing pattern, not announced

  • October 27, 2026
  • July 28, 2026
  • April 28, 2026
  • February 17, 2026
  • October 28, 2025
  • July 29, 2025

Recent SEC filings

Data status

When each part of this page on Herc Holdings Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Herc Holdings Inc in brief

What does Herc Holdings Inc do?
Herc Holdings Inc is a US-listed company in the trading companies & distributors industry. Its financial year ends in December.
What is Herc Holdings Inc's stock ticker?
Herc Holdings Inc trades under the ticker HRI on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Herc Holdings Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Herc Holdings Inc reported revenue of $4.9B, 19.4% higher than a year earlier, according to its SEC filings.
What is Herc Holdings Inc's free cash flow?
Herc Holdings Inc's free-cash-flow margin is 22.9% of revenue over the trailing twelve months, ranking 4 of the 32 trading companies & distributors companies we cover.
Who are Herc Holdings Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Blackrock, Inc. and Norges Bank. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Herc Holdings Inc's market cap?
On November 2, 2026, Herc Holdings Inc's market capitalisation was about $5.6B, with a price-to-earnings ratio of 45.8 and net debt of $8B. Market figures come from third-party market data and may be delayed.
Does Herc Holdings Inc pay a dividend?
Yes: Herc Holdings Inc paid $94M in dividends over the trailing twelve months, a dividend yield of 1.67% and a payout ratio of 76.4%.
How much debt does Herc Holdings Inc have?
Herc Holdings Inc's debt-to-equity ratio is 403.4%, from its latest balance sheet (211.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are Herc Holdings Inc's competitors?
In our Trading Companies & Distributors peer group, the companies closest to Herc Holdings Inc are Siteone Landscape Supply, Inc., Applied Industrial Technologies Inc, MSC Industrial Direct Co Inc, FTAI Aviation Ltd. and Rush Enterprises Inc \tx\. The side-by-side comparison below sets their revenue, margins and growth against Herc Holdings Inc's.
Are insiders buying or selling Herc Holdings Inc stock?
Over the last 12 months, Herc Holdings Inc's directors and officers reported 2 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Herc Holdings Inc's next earnings date?
Around February 16, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Herc Holdings Inc announces its own schedule.