Filing Flows › Hertz Global Holdings (HTZ) › Q4 2024
Hertz Global Holdings (HTZ) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 18, 2025
Hertz Global Holdings (HTZ) reported revenue of $2.0B for the fourth quarter 2024 (Q4 2024), -7% from a year earlier and -21% from the quarter before. Operating margin was -27.6%, net loss $479M (23.5% of revenue).
Hertz Global Holdings, Q4 2024: revenue $2.0B (-7% year over year), operating margin -27.6%, net loss $479M, operating cash flow $414M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -21% | -7% |
| Operating profit | −$563M | — | — |
| Net earnings | −$479M | — | — |
| Operating cash flow | $414M | -54% | -27% |
| Free cash flow | $390M | -55% | -26% |
What changed
Revenue was $2.0B in Q4 2024, down 7% year over year and down 21% from the previous quarter.
Operating costs exceeded revenue by $0.56B, an operating margin of -27.6%. Total costs fell 3% while revenue fell 7%. The quarter ended with a net loss of $0.48B, narrower than the previous quarter's $1.3B loss.
Operating cash flow was $0.41B (down 27% year over year). Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.85B. Capital expenditures of $0.02B left free cash flow of $0.39B.
Questions
What was Hertz Global Holdings' revenue in the fourth quarter 2024?
Hertz Global Holdings (HTZ) reported revenue of $2.0B for the fourth quarter 2024 (Q4 2024), -7% from a year earlier and -21% from the quarter before.
Was Hertz Global Holdings profitable in the fourth quarter 2024?
Operating loss was $563M (-27.6% of revenue) and net loss $479M.