Filing Flows › Herc Holdings (HRI) › Q4 2025
Herc Holdings (HRI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 17, 2026
Herc Holdings (HRI) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), +27% from a year earlier and -7% from the quarter before. Operating margin was 1.4%, net earnings $24.0M (2.0% of revenue).
Herc Holdings, Q4 2025: revenue $1.2B (+27% year over year), operating margin 1.4%, net earnings $24.0M, operating cash flow $315M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -7% | +27% |
| Operating profit | $17.0M | -55% | — |
| Net earnings | $24.0M | -20% | — |
| Operating cash flow | $315M | -12% | -5% |
| Free cash flow | $281M | -11% | -5% |
What changed
Revenue was $1.2B in Q4 2025, up 27% year over year and down 7% from the previous quarter. Equipment rental was the largest line at 77% of revenue.
Operating profit was $0.02B, a 1.4% margin (up 5.9 points year over year). Total costs grew 20% against revenue growth of 27%. The fastest-growing cost line was SG&A (+27%). Net earnings were $0.02B. The effective tax rate was -41.2%.
Operating cash flow was $0.32B (down 5% year over year), 1312% of net earnings. Non-cash charges added back $0.01B of share-based compensation. Working capital and other items added $0.28B. Capital expenditures of $0.03B left free cash flow of $0.28B.
Questions
What was Herc Holdings' revenue in the fourth quarter 2025?
Herc Holdings (HRI) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), +27% from a year earlier and -7% from the quarter before.
Was Herc Holdings profitable in the fourth quarter 2025?
Operating profit was $17.0M (1.4% of revenue) and net earnings $24.0M.
Source: Herc Holdings 10-K on SEC EDGAR.