HRINYSEServices-Miscellaneous Equipment Rental & LeasingUS GAAP · USD

Herc Holdings Inc

Herc Holdings Inc. rents construction and industrial equipment to contractors, industrial customers, and other businesses that need short- and medium-term access to fleet rather than ownership. The company operates a branch-based rental network and also sells used rental equipment, with growth increasingly tied to fleet scale, acquisitions, and service breadth.

Liikevaihto4 376milj. USD
+22,6 %v/v
Nettotulos1,0milj. USD
−99,5 %v/v
Vapaa kassavirta928milj. USD
−12,8 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

01 0002 0003 0004 0005 000milj. USD2020: 1 781 milj. USD20202021: 2 073 milj. USD20212022: 2 740 milj. USD20222023: 3 282 milj. USD20232024: 3 568 milj. USD20242025: 4 376 milj. USD20254 376
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Equipment rental80 %

Short- and medium-term rental of construction and industrial equipment across local markets.

Sales of rental equipment11 %

Disposition of used fleet assets after rental service life or portfolio optimization.

Service and support9 %

Delivery, maintenance, fuel, and other customer-facing operating services tied to rentals.

Tuotteet

Raportoitu · osuus liikevaihdosta
29,6%29,6%29,6%FY2025100 %
  • Equipment Rental29,6 %
  • Other Rental Delivery and Pick Up29,6 %
  • Other Rental Revenue29,6 %
  • Sales of Parts and Supplies4,3 %
  • Serviceand Other Revenue3,9 %
  • Sales of New Equipment3,0 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Herc serves contractors, industrial customers, and other businesses that need equipment access without owning a full fleet. Demand is driven by capital spending, maintenance activity, project timing, and the customer’s preference to outsource fleet ownership, especially when equipment needs are temporary or variable.

Construction contractors

Rent equipment for jobsite use, project peaks, and to avoid owning idle fleet.

Industrial customers

Use rentals for maintenance, plant turnaround, and variable operating needs.

Infrastructure and public works

Buy rental access for large projects that require flexible, temporary fleet.

Local and regional commercial accounts

Rent equipment for short-duration work and to reduce capital intensity.

Strategia

Herc is focused on scaling its rental fleet, broadening end-market exposure, and using acquisitions to expand branch density and customer reach. Management also emphasizes technology, customer-facing tools, and operational flexibility to improve fleet utilization, reduce wait times, and defend pricing in a competitive market.

Integrate acquisitions and capture synergiesLyhyt aikaväli

Larger scale and branch density can improve utilization, pricing power, and cost efficiency.

Invest in fleet and branch expansionKeskipitkä aikaväli

A larger, better-positioned fleet supports demand growth and service responsiveness.

Improve technology-enabled customer experienceKeskipitkä aikaväli

Digital tools can reduce wait times and help retain customers in a highly competitive market.

Diversify end markets to reduce seasonalityPitkä aikaväli

Broader industry exposure can smooth winter weakness and improve utilization.

Maantiede

2025

Herc’s business is concentrated in the United States, with seasonality most pronounced in the northern U.S. and Canada where winter demand is weaker. The company also faces cross-border exposure through tariffs, trade barriers, and macro shocks that can affect fleet costs, customer activity, and supply chains.

USA94 %
Other countries (US filing)5,6 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Herc is exposed to cyclical demand, pricing pressure, and seasonal swings because customers can delay rentals and quickly shift suppliers in a fragmented market. The company also faces integration risk from acquisitions, elevated interest rates on debt, and operational risks tied to fleet maintenance, labor, supply chain, and cybersecurity.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Cyclical demand tied to customer capital spending1Competitive pricing pressure2Acquisition integration risk3Interest rate and liquidity pressure4Supply chain, labor, and geopolitical disruptions5Seasonality and weather-related demand swings6
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Cyclical demand tied to customer capital spendingVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Rental volumes fall when contractors and industrial customers delay projects or maintenance.

    Kohdistuu: Construction and industrial end markets

  2. Competitive pricing pressureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Customers can switch suppliers quickly because many contracts are not long term.

    Kohdistuu: Local rental markets

  3. Acquisition integration riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Combining systems, personnel, customer relationships, and controls can be costly and slow.

    Kohdistuu: H&E acquisition and future deals

  4. Interest rate and liquidity pressureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Elevated borrowing costs and floating-rate debt can reduce earnings and cash flow.

    Kohdistuu: Debt and capital allocation

  5. Supply chain, labor, and geopolitical disruptionsVaikutus: KeskitasoTodennäköisyys: Korkea

    Tariffs, strikes, war, and logistics issues can raise fleet and operating costs.

    KohdistuuFleet procurementMaintenanceDelivery
  6. Seasonality and weather-related demand swingsVaikutus: KeskitasoTodennäköisyys: Matala

    Winter demand is lower, especially in the northern United States and Canada.

    Kohdistuu: Northern U.S. and Canada

Kirjanpito

Harkinnanvaraiset erät
Business combinations and fair value estimates

Rental equipment, customer relationships, trade names, and goodwill require valuation judgments at acquisition.

Vaikutus: Can affect goodwill, amortization expense, and future impairment risk

Rental fleet depreciation

Depreciation depends on average fleet size, asset mix, and useful-life assumptions.

Vaikutus: Directly affects operating profit and asset carrying values

Intangible asset amortization

Acquired customer relationships and trade names create non-cash amortization after deals.

Vaikutus: Reduces reported earnings and complicates post-acquisition comparisons

Seasonality and quarterly comparability

Winter weakness and peak-season fleet deployment create uneven revenue and margin patterns.

Vaikutus: Quarterly results are not directly comparable across seasons

Pension assumptions

Discount rates, expected returns, and mortality assumptions affect pension expense and liabilities.

Vaikutus: Can move operating expense and other comprehensive income

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

Herc Holdings Inc (HRI) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo