Herc Holdings Inc. (HRI) Income Statement
HRI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHRI revenue and net income
Where HRI's revenue goes
2025Each bar shows an amount and its share of revenue. HRI kept 0.0% of revenue as net income.
HRI profit margins
HRI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +22.6% | +16.9% | +19.7% | +10.1% |
| Gross profit | −8.6% | +5.0% | +18.6% | +11.9% |
| Operating income | −23.0% | +0.8% | +20.0% | +17.1% |
| Net income | −99.5% | −85.5% | −57.7% | −37.6% |
| EPS (diluted) | −42.1% | −12.9% | +20.1% | +29.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HRI quarterly EPS vs estimates
Herc beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: October 27, 2026 (estimate $2.99).
HRI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.38B | $3.57B | $3.28B | $2.74B | $2.07B | $1.78B | $2.00B | $1.98B | $1.75B | $1.55B |
| Cost of revenue | $3.14B | $2.22B | $2.06B | $1.68B | $1.32B | $1.25B | $1.46B | $1.45B | $1.33B | $1.20B |
| Gross profit | $1.23B | $1.35B | $1.22B | $1.06B | $756.0M | $526.6M | $542.3M | $522.0M | $425.2M | $351.4M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $753.0M | $480.0M | $444.1M | $410.1M | $731.5M | $257.4M | $294.8M | $313.6M | $323.3M | $274.5M |
| Total operating expenses | $564.0M | $480.0M | $448.0M | $411.0M | $310.0M | $257.4M | $294.8M | $311.3M | $319.1M | $274.5M |
| Operating income | $670.0M | $870.0M | $775.0M | $654.0M | $446.0M | $269.2M | $247.5M | $210.7M | $106.1M | $76.9M |
| Interest income | $416.0M | $260.0M | $224.0M | $122.0M | $86.3M | $92.6M | $173.5M | $137.2M | $136.0M | $89.2M |
| Interest expense | $416.0M | $260.0M | $224.0M | $122.0M | $86.0M | $92.6M | $119.9M | $131.6M | $128.6M | $84.2M |
| Income before taxes | $1.0M | $291.0M | $447.0M | $434.0M | $291.0M | $94.1M | $63.6M | $68.8M | −$64.4M | −$4.9M |
| Income taxes | — | $80.0M | $100.0M | $104.0M | $67.0M | $20.4M | $16.1M | −$300,000 | −$224.7M | $14.8M |
| Net income | $1.0M | $211.0M | $347.0M | $330.0M | $224.0M | $73.7M | $47.5M | $69.1M | $160.3M | −$19.7M |
| EBITDA | $1.50B | $1.55B | $1.42B | $1.19B | $866.0M | $673.1M | $717.6M | $655.5M | $536.5M | $472.2M |
| EPS (diluted) | $7.46 | $12.89 | $12.28 | $11.28 | $7.51 | $2.99 | $3.10 | $2.76 | −$0.33 | $0.75 |
| Gross margin | 28.2% | 37.8% | 37.3% | 38.9% | 36.5% | 29.6% | 27.1% | 26.4% | 24.2% | 22.6% |
| Operating margin | 15.3% | 24.4% | 23.6% | 23.9% | 21.5% | 15.1% | 12.4% | 10.7% | 6.0% | 4.9% |
| Net margin | 0.0% | 5.9% | 10.6% | 12.0% | 10.8% | 4.1% | 2.4% | 3.5% | 9.1% | −1.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.20B | $1.14B | $1.21B | $1.30B | $1.00B | $861.0M | $951.0M | $965.0M | $848.0M | $804.0M | $832.0M | $908.0M |
| Cost of revenue | $827.0M | $813.0M | $882.0M | $929.0M | $670.0M | $583.0M | $577.0M | $580.0M | $542.0M | $519.0M | $508.0M | $561.0M |
| Gross profit | $377.0M | $326.0M | $327.0M | $375.0M | $332.0M | $278.0M | $374.0M | $385.0M | $306.0M | $285.0M | $324.0M | $347.0M |
| Sales, general & admin | $155.0M | $146.0M | $204.0M | $166.0M | $127.0M | $118.0M | $122.0M | $123.0M | $120.0M | $115.0M | $116.0M | $115.0M |
| Total operating expenses | $233.0M | $151.0M | $153.0M | $166.0M | $127.0M | $118.0M | $122.0M | $123.0M | $117.0M | $112.0M | $116.0M | $115.0M |
| Operating income | $144.0M | $175.0M | $174.0M | $209.0M | $205.0M | $160.0M | $252.0M | $262.0M | $189.0M | $173.0M | $208.0M | $232.0M |
| Interest income | — | — | $134.0M | $134.0M | $86.0M | $62.0M | $67.0M | $69.0M | — | — | — | $60.0M |
| Interest expense | $126.0M | $128.0M | $134.0M | $134.0M | $86.0M | $62.0M | $67.0M | $69.0M | $63.0M | $61.0M | $62.0M | $60.0M |
| Income before taxes | $24.0M | −$23.0M | $17.0M | $38.0M | −$46.0M | −$8.0M | −$43.0M | $160.0M | $93.0M | $81.0M | $123.0M | $146.0M |
| Income taxes | −$5.0M | $1.0M | −$7.0M | $8.0M | −$11.0M | $10.0M | $3.0M | $38.0M | $23.0M | $16.0M | $32.0M | $33.0M |
| Net income | $19.0M | −$24.0M | $24.0M | $30.0M | −$35.0M | −$18.0M | −$46.0M | $122.0M | $70.0M | $65.0M | $91.0M | $113.0M |
| EBITDA | $467.0M | $423.0M | $470.0M | $488.0M | $400.0M | $332.0M | $432.0M | $436.0M | $354.0M | $333.0M | $371.0M | $399.0M |
| EPS (diluted) | $1.43 | $0.21 | $2.07 | $2.22 | $1.87 | $1.30 | $3.58 | $4.35 | $2.60 | $2.36 | $3.24 | $4.00 |
| Gross margin | 31.3% | 28.6% | 27.0% | 28.8% | 33.1% | 32.3% | 39.3% | 39.9% | 36.1% | 35.4% | 38.9% | 38.2% |
| Operating margin | 12.0% | 15.4% | 14.4% | 16.0% | 20.5% | 18.6% | 26.5% | 27.2% | 22.3% | 21.5% | 25.0% | 25.6% |
| Net margin | 1.6% | −2.1% | 2.0% | 2.3% | −3.5% | −2.1% | −4.8% | 12.6% | 8.3% | 8.1% | 10.9% | 12.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HRI's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HRI financial results
In fiscal year 2025 (ended December 31, 2025), Herc reported revenue of $4.4 billion, up 22.6% from the year before. It had net income of $1.0 million (down 99.5%), a net profit margin of 0.0%. Diluted earnings per share came to $7.46. Over five years revenue grew at an average rate of 19.7% a year.
See the HRI stock overview for the latest quote and news, or the HRI chart for price history and technical indicators.
HRI income statement FAQ
What is Herc's annual revenue?
Herc reported total revenue of $4.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 22.6% from $3.6 billion the previous year.
Is Herc profitable?
Yes. Herc reported net income of $1.0 million in fiscal 2025, a net profit margin of 0.0%; its operating margin was 15.3%.
What is Herc's gross margin?
Herc's gross margin was 28.2% in fiscal 2025: for every $100 of revenue, Herc kept $28 after the direct cost of its products and services.
How fast is Herc growing?
Revenue grew 19.7% a year on average over the last five fiscal years, from $1.8 billion to $4.4 billion.
What are Herc's earnings per share?
Herc earned $7.46 per diluted share in fiscal 2025, compared with $12.89 a year earlier.
When will Herc report its next earnings?
Herc is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 before the market opens.
When does Herc's fiscal year end?
Herc's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.