Herc Holdings Inc. (HRI) Key Metrics
HRI valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $4.06B
- Enterprise value
- $14.10B
- P/E (TTM)
- 79.5 10-yr median 16.8
- Forward P/E
- 12.2
- PEG ratio
- 0.04
- Price / sales
- 0.8 10-yr median 1.1
- Price / book
- 2.4 10-yr median 3.4
- EV / EBITDA
- 7.6 10-yr median 6.5
- Dividend yield
- 2.30% $2.80 a year
- Beta
- 2.05
HRI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHRI valuation Price multiples at each fiscal year-end price.
HRI returns How much profit the business earns on the capital it uses.
HRI per-share figures Results divided by the shares outstanding at year-end.
HRI financial health Debt, liquidity and how easily interest is covered.
HRI efficiency & capital use Working capital cycle and where the cash goes.
HRI valuation history
HRI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HRI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HRI cash returned to shareholders
HRI price vs earnings per share
HRI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.66B | $5.40B | $4.27B | $3.97B | $4.76B | $1.95B | $1.42B | $751.1M | $1.79B | $1.14B |
| Enterprise value | $15.77B | $10.38B | $8.68B | $7.54B | $7.19B | $3.97B | $3.80B | $3.00B | $4.02B | $3.32B |
| P/E ratio | — | 25.6 | 12.3 | 12.0 | 21.2 | 26.5 | 30.0 | 10.9 | 11.2 | — |
| Price / sales | 1.1 | 1.5 | 1.3 | 1.5 | 2.3 | 1.1 | 0.7 | 0.4 | 1.0 | 0.7 |
| Price / book | 2.4 | 3.9 | 3.4 | 3.6 | 4.9 | 2.6 | 2.2 | 1.3 | 3.5 | 3.5 |
| Price / free cash flow | — | 337.2 | — | — | 46.6 | 8.7 | — | — | — | — |
| Price / operating cash flow | 4.2 | 4.4 | 3.9 | 4.3 | 6.4 | 3.2 | 2.2 | 1.3 | 5.2 | 2.5 |
| EV / sales | 3.6 | 2.9 | 2.6 | 2.8 | 3.5 | 2.2 | 1.9 | 1.5 | 2.3 | 2.1 |
| EV / EBITDA | 10.5 | 6.7 | 6.1 | 6.3 | 8.3 | 5.9 | 5.3 | 4.6 | 7.5 | 7.0 |
| EV / free cash flow | — | 649.1 | — | — | 70.4 | 17.6 | — | — | — | — |
| Earnings yield | 0.0% | 3.9% | 8.1% | 8.3% | 4.7% | 3.8% | 3.3% | 9.2% | 9.0% | −1.7% |
| Free cash flow yield | −2.9% | 0.3% | −9.1% | −8.9% | 2.1% | 11.5% | −4.2% | −38.6% | −13.1% | −5.8% |
| Dividend yield | 1.9% | 1.4% | 1.7% | 1.7% | 0.3% | 0.3% | 0.0% | 2.0% | 0.0% | 182.3% |
| Shareholder yield (dividends + buybacks) | 2.0% | 1.6% | 4.5% | 4.6% | 0.3% | 0.4% | 0.3% | 2.1% | 0.0% | 186.0% |
| Share price at fiscal year-end | $148.38 | $189.33 | $148.89 | $131.57 | $156.55 | $66.41 | $48.94 | $25.99 | $62.61 | $40.16 |
| Per share | ||||||||||
| Revenue per share | $139.36 | $125.19 | $114.36 | $90.73 | $68.19 | $60.59 | $68.69 | $68.40 | $61.35 | $54.94 |
| Earnings per share | $0.03 | $7.40 | $12.09 | $10.93 | $7.37 | $2.51 | $1.63 | $2.39 | $5.60 | −$0.70 |
| Operating cash flow per share | $35.64 | $42.98 | $37.84 | $30.35 | $24.47 | $20.78 | $21.84 | $19.35 | $11.95 | $15.89 |
| Free cash flow per share | −$4.30 | $0.56 | −$13.59 | −$11.77 | $3.36 | $7.67 | −$2.05 | −$10.03 | −$8.19 | −$2.35 |
| Cash per share | $1.66 | $2.91 | $2.47 | $1.77 | $1.15 | $1.12 | $1.13 | $0.96 | $1.45 | $0.41 |
| Book value per share | $62.04 | $48.98 | $44.36 | $36.71 | $32.13 | $25.24 | $22.14 | $19.82 | $17.85 | $11.39 |
| Tangible book value per share | −$82.48 | $5.40 | $11.25 | $8.56 | $11.73 | $11.76 | $8.91 | $6.51 | $4.74 | −$2.56 |
| Dividends per share | $2.77 | $2.70 | $2.54 | $2.25 | $0.49 | $0.17 | $0.02 | $0.51 | $0.00 | $73.21 |
| Capex per share | $39.94 | $42.42 | $51.43 | $42.13 | $21.11 | $13.11 | $23.89 | $29.38 | $20.14 | $18.24 |
| Debt per share | $355.48 | $177.96 | $156.06 | $119.72 | $81.20 | $69.66 | $82.89 | $78.76 | $79.56 | $77.54 |
| Shares outstanding | 31.4M | 28.5M | 28.7M | 30.2M | 30.4M | 29.4M | 29.1M | 28.9M | 28.6M | 28.3M |
| Change in shares outstanding | +10.2% | −0.7% | −5.0% | −0.7% | +3.4% | +1.0% | +0.7% | +1.0% | +1.1% | −0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 0.1% | 15.8% | 29.1% | 31.6% | 26.1% | 10.6% | 7.8% | 12.8% | 38.5% | −1.5% |
| Return on invested capital (ROIC) | 5.4% | 10.5% | 11.6% | 12.3% | 11.1% | 7.3% | 6.3% | 7.6% | 3.2% | 2.5% |
| Return on assets (ROA) | 0.0% | 2.8% | 5.3% | 6.3% | 5.5% | 2.0% | 1.3% | 1.9% | 4.6% | −0.6% |
| Return on tangible assets | 0.0% | 3.2% | 5.7% | 6.5% | 5.8% | 2.3% | 1.4% | 2.1% | 5.0% | −0.6% |
| Free cash flow margin | −3.1% | 0.4% | −11.9% | −13.0% | 4.9% | 12.7% | −3.0% | −14.7% | −13.4% | −4.3% |
| Income quality (OCF / net income) | — | 5.81 | 3.13 | 2.78 | 3.32 | 8.29 | 13.38 | 8.09 | 2.13 | — |
| Financial health | ||||||||||
| Total debt | $11.16B | $5.07B | $4.48B | $3.62B | $2.47B | $2.05B | $2.41B | $2.28B | $2.28B | $2.19B |
| Cash & short-term investments | $52.0M | $83.0M | $71.0M | $53.5M | $35.1M | $33.0M | $33.0M | $27.8M | $41.5M | $11.6M |
| Net debt | $11.11B | $4.99B | $4.41B | $3.56B | $2.43B | $2.02B | $2.38B | $2.25B | $2.23B | $2.18B |
| Debt / equity | 5.73 | 3.63 | 3.52 | 3.26 | 2.53 | 2.76 | 3.74 | 3.97 | 4.46 | 6.81 |
| Debt / assets | 0.81 | 0.64 | 0.63 | 0.61 | 0.55 | 0.57 | 0.63 | 0.63 | 0.64 | 0.63 |
| Net debt / EBITDA | 7.42 | 3.22 | 3.11 | 2.99 | 2.81 | 2.99 | 3.32 | 3.43 | 4.16 | 4.62 |
| Current ratio | 1.31 | 1.38 | 1.44 | 1.07 | 0.89 | 1.12 | 1.24 | 1.34 | 1.63 | 1.53 |
| Quick ratio | 1.31 | 1.38 | 1.44 | 1.07 | 0.89 | 1.12 | 1.24 | 1.28 | 1.55 | 1.43 |
| Interest coverage | 1.6 | 3.3 | 3.5 | 5.4 | 5.2 | 2.9 | 2.1 | 1.6 | 0.8 | 0.9 |
| Working capital | $226.0M | $214.0M | $224.0M | $39.5M | −$60.2M | $39.1M | $76.6M | $101.2M | $183.8M | $128.4M |
| Invested capital | $13.06B | $6.38B | $5.68B | $4.67B | $3.41B | $2.76B | $3.02B | $2.82B | $2.74B | $2.51B |
| Tangible asset value | −$2.59B | $154.0M | $323.0M | $258.6M | $356.7M | $345.6M | $259.2M | $188.2M | $135.5M | −$72.5M |
| Net current asset value | −$10.87B | −$5.71B | −$5.06B | −$4.20B | −$3.04B | −$2.48B | −$2.77B | −$2.64B | −$2.56B | −$2.77B |
| Graham number | $6.67 | $90.33 | $109.85 | $95.01 | $72.99 | $37.73 | $28.52 | $32.65 | $47.44 | — |
| Graham net-net per share | −$356.66 | −$208.99 | −$184.49 | −$145.79 | −$104.85 | −$88.01 | −$99.99 | −$95.21 | −$94.27 | −$102.38 |
| Capital allocation | ||||||||||
| Dividends paid | $87.0M | $77.0M | $73.0M | $68.1M | $14.8M | $4.9M | $500,000 | $14.8M | $0 | $2.07B |
| Share buybacks (net) | $8.0M | $12.0M | $120.0M | $115.2M | $0 | $3.0M | $3.7M | $1.1M | $100,000 | $42.0M |
| Dividend payout ratio | — | 36.5% | 21.0% | 20.6% | 6.6% | 6.6% | 1.1% | 21.4% | 0.0% | — |
| Dividends + buybacks / free cash flow | — | 556.2% | — | — | 14.5% | 3.5% | — | — | — | — |
| Capex / revenue | 28.7% | 33.9% | 45.0% | 46.4% | 31.0% | 21.6% | 34.8% | 43.0% | 32.8% | 33.2% |
| Capex / operating cash flow | 112.1% | 98.7% | 135.9% | 138.8% | 86.3% | 63.1% | 109.4% | 151.9% | 168.6% | 114.8% |
| Capex / depreciation | 1.16 | 1.50 | 1.95 | 2.02 | 1.31 | 0.83 | 1.48 | 1.91 | 1.34 | 1.31 |
| Stock-based compensation / revenue | 0.8% | 0.5% | 0.5% | 1.0% | 1.1% | 0.9% | 1.0% | 0.7% | 0.6% | 0.4% |
| SG&A / revenue | 17.2% | 13.5% | 13.5% | 15.0% | 35.3% | 14.5% | 14.7% | 15.9% | 18.4% | 17.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 56.6 | 58.9 | 60.4 | 60.7 | 60.7 | 62.3 | 58.3 | 66.4 | 70.7 | 68.2 |
| Days of inventory on hand | — | — | — | — | 0.0 | — | — | 5.2 | 6.6 | 7.0 |
| Days payables outstanding | 34.0 | 37.8 | 47.0 | 65.3 | 56.3 | 36.7 | 34.3 | 37.5 | 40.0 | 37.7 |
| Cash conversion cycle (days) | 22.7 | 21.1 | 13.4 | -4.6 | 4.4 | 25.6 | 24.1 | 34.1 | 37.3 | 37.6 |
| Receivables turnover | 6.44 | 6.19 | 6.05 | 6.02 | 6.01 | 5.86 | 6.26 | 5.50 | 5.16 | 5.35 |
| Payables turnover | 10.74 | 9.64 | 7.77 | 5.59 | 6.48 | 9.95 | 10.65 | 9.73 | 9.14 | 9.69 |
| Inventory turnover | — | — | — | — | 1,317,000,000.00 | — | — | 69.94 | 55.62 | 51.87 |
| Asset turnover | 0.40 | 0.48 | 0.50 | 0.52 | 0.51 | 0.48 | 0.54 | 0.55 | 0.50 | 0.45 |
| Average receivables | $679.0M | $576.0M | $542.8M | $455.3M | $344.6M | $303.9M | $319.6M | $359.4M | $339.8M | $290.6M |
| Average payables | $292.5M | $230.0M | $265.1M | $299.4M | $203.2M | $126.2M | $136.8M | $149.5M | $145.5M | $124.2M |
| Average inventory | — | — | — | — | $1 | — | — | $20.8M | $23.9M | $23.2M |
| Intangibles / total assets | 32.9% | 15.8% | 13.5% | 14.3% | 13.8% | 11.0% | 10.1% | 10.7% | 10.6% | 11.4% |
Computed from HRI's annual financial statements (latest annual report filed February 17, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HRI valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 79.5 and the forward P/E is 12.2. Herc earned a return on equity of 0.1% and a return on invested capital of 5.4% in fiscal 2025. It ended the year with $11.2 billion of debt and $52.0 million in cash and short-term investments, net debt of $11.1 billion. It returned $95.0 million to shareholders: $87.0 million in dividends and $8.0 million in share buybacks. The share count rose 11.0% from 28.3M to 31.4M over 9 years.
See the HRI income statement, the HRI chart for price history, or the HRI stock overview for the latest quote and news.
HRI key metrics FAQ
What is Herc's P/E ratio?
Herc's trailing P/E ratio is 79.5 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 12.2. At the end of fiscal 2025 it was —, compared with a 10-year median of 16.8.
What is Herc's EV/EBITDA?
Herc's enterprise value was 10.5 times EBITDA at the end of fiscal 2025 (enterprise value $15.8 billion, EBITDA $1.5 billion); the current EV/EBITDA is 7.6.
What is Herc's return on equity?
Herc's return on equity (ROE) was 0.1% in fiscal 2025: net income of $1.0 million on average shareholders' equity of $1.7 billion.
What is Herc's ROIC?
Herc's return on invested capital was 5.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Herc have?
Herc had total debt of $11.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 5.73 and $11.1 billion of net debt (7.42 times EBITDA).
What is Herc's dividend yield?
Herc's forward dividend yield is 2.30%. Herc paid $87.0 million in dividends in fiscal 2025 ($2.77 per share), a payout ratio of —.
Does Herc buy back its shares?
Yes. Herc spent $8.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +10.2% over the year, to 31.4M..
What is Herc's free cash flow yield?
Herc generated -$135.0 million of free cash flow in fiscal 2025, a free cash flow yield of −2.9% on its market value at year-end ($4.7 billion).
What is Herc's current ratio?
Herc's current ratio was 1.31 at the end of fiscal 2025: current assets were 1.31 times current liabilities.