Filing Flows › Herc Holdings (HRI) › Q3 2025
Herc Holdings (HRI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
Herc Holdings (HRI) reported revenue of $1.3B for the third quarter 2025 (Q3 2025), +35% from a year earlier and +30% from the quarter before. Operating margin was 2.9%, net earnings $30.0M (2.3% of revenue).
Herc Holdings, Q3 2025: revenue $1.3B (+35% year over year), operating margin 2.9%, net earnings $30.0M, operating cash flow $358M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +30% | +35% |
| Operating profit | $38.0M | — | -76% |
| Net earnings | $30.0M | — | -75% |
| Operating cash flow | $358M | +49% | +7% |
| Free cash flow | $315M | +62% | +12% |
What changed
Revenue was $1.3B in Q3 2025, up 35% year over year and up 30% from the previous quarter. Equipment rental was the largest line at 77% of revenue. Equipment rental added $0.22B year over year (up 29%), 66% of the total change.
Operating profit was $0.04B, a 2.9% margin (down 13.7 points year over year). Operating profit fell $0.12B even though revenue rose $0.34B versus a year earlier, so costs grew faster than sales. Total costs grew 57% against revenue growth of 35%. The fastest-growing cost line was Other operating costs (+61%). Net earnings were $0.03B, down 75% year over year. The effective tax rate was 21.1%.
Operating cash flow was $0.36B (up 7% year over year), 1193% of net earnings. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.31B. Capital expenditures of $0.04B left free cash flow of $0.32B.
Questions
What was Herc Holdings' revenue in the third quarter 2025?
Herc Holdings (HRI) reported revenue of $1.3B for the third quarter 2025 (Q3 2025), +35% from a year earlier and +30% from the quarter before.
Was Herc Holdings profitable in the third quarter 2025?
Operating profit was $38.0M (2.9% of revenue) and net earnings $30.0M.
Source: Herc Holdings 10-Q on SEC EDGAR.