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Herc Holdings vs FTAI Aviation: HRI and FTAI compared
Herc Holdings is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $978M for FTAI Aviation (Q3 2026). FTAI Aviation is growing faster (+47% against +5% a year earlier). FTAI Aviation is more profitable, with an operating margin of 22.4% against 8.8%.
Where the money goes: HRI and FTAI
Herc Holdings (HRI) · Q3 2026
Herc Holdings, Q3 2026: revenue $1.4B (+5% year over year), operating margin 8.8%, net earnings $104M, operating cash flow $360M. The chart follows the revenue to costs, profit and cash.
FTAI Aviation (FTAI) · Q3 2026
FTAI Aviation, Q3 2026: revenue $978M (+47% year over year), operating margin 22.4%, net earnings $149M, operating cash flow −$67.7M. The chart follows the revenue to costs, profit and cash.
| Herc Holdings (HRI) | FTAI Aviation (FTAI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.4B | $978M |
| Revenue growth, Y/Y | +5% | +47% |
| Operating margin | 8.8% | 22.4% |
| Net earnings | $104M | $149M |
| Net margin | 7.6% | 15.2% |
| Operating cash flow | $360M | −$67.7M |
| Free cash flow | $335M | — |
| Market value | $5.1B | $18.8B |
| P/E | 39.0× | 36.7× |
| Analysts’ mean target | $202.42 | $343.18 |
Where the revenue comes from
Herc Holdings
- Equipment rental: $1.3B (92%)
- Delivery and pick-up: $83.0M (6%)
- Sales of new equipment, parts and supplies: $13.0M (1%)
- Service and other revenue: $12.0M (1%)
FTAI Aviation
- Aerospace products revenue: $781M (80%)
- MRE Contract revenue: $129M (13%)
- Maintenance revenue: $27.3M (3%)
- Lease income: $25.3M (3%)
Questions
Which is bigger, Herc Holdings or FTAI Aviation?
Herc Holdings is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $978M for FTAI Aviation (Q3 2026).
Is Herc Holdings or FTAI Aviation growing faster?
FTAI Aviation is growing faster (+47% against +5% a year earlier).
Which is more profitable, Herc Holdings or FTAI Aviation?
FTAI Aviation is more profitable, with an operating margin of 22.4% against 8.8%.
More: Herc Holdings earnings · how Herc Holdings makes money · FTAI Aviation earnings · how FTAI Aviation makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.