HERC HOLDINGS INC
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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FY2025 · Filed Feb 17, 2026
HRI$167.18+10.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In millions, except per share data)
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues: | |||
| Equipment rental | $3,770 | $3,189 | $2,870 |
| Sales of rental equipment | 509 | 311 | 346 |
| Sales of new equipment, parts and supplies | 63 | 37 | 38 |
| Service and other revenue | 34 | 31 | 28 |
| Total revenues | 4,376 | 3,568 | 3,282 |
| Expenses: | |||
| Direct operating | 1,602 | 1,291 | 1,139 |
| Depreciation of rental equipment | 856 | 679 | 643 |
| Cost of sales of rental equipment | 418 | 224 | 252 |
| Cost of sales of new equipment, parts and supplies | 42 | 24 | 25 |
| Selling, general and administrative | 564 | 469 | 440 |
| Transaction expenses | 199 | 11 | 8 |
| Non-rental depreciation and amortization | 224 | 127 | 112 |
| Interest expense, net | 416 | 260 | 224 |
| Loss on assets held for sale | 48 | 194 | — |
| Other expense (income), net | 6 | (2) | (8) |
| Total expenses | 4,375 | 3,277 | 2,835 |
| Income before income taxes | 1 | 291 | 447 |
| Income tax provision | — | (80) | (100) |
| Net income | $1 | $211 | $347 |
| Weighted average shares outstanding: | |||
| Basic | 31.3 | 28.4 | 28.5 |
| Diluted | 31.4 | 28.5 | 28.7 |
| Earnings per share: | |||
| Basic | $0.03 | $7.43 | $12.18 |
| Diluted | $0.03 | $7.40 | $12.09 |
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