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Herc Holdings HRI Equipment rental — Topic 842

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EQPTServices — Revenue under topic 842
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Other financials

Income statement

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Revenue$1.1B+32.3%
Net income-$24.0M-33.3%
EPS (diluted)-$0.72-14.3%

Balance sheet

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Cash & equivalents$43.0M-10.4%
Total debt$9.7B+91.7%
Total equity$1.9B+39.8%
Total assets$13.6B+76.0%

Cash flow

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Operating cash flow$277.0M+62.0%
CapEx$41.0M+24.2%
Free cash flow$236.0M+71.0%

Valuation

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Market cap$5.18B-13.1%
Enterprise value$14.79B+46.8%
P/S1.1×-0.5×

Profitability

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Gross margin97.8%
Net margin-0.1%
FCF margin22%-5.3pp

Returns & leverage

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Return on equity-0.3%
Debt / equity5.1×+1.4×
Current ratio1.5×0.0×

Where this comes from

Reported directly by Herc Holdings in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLeaseIncome.

The official record: Herc Holdings’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Herc Holdings's equipment rental — topic 842?
Herc Holdings (HRI) reported equipment rental — topic 842 of $884M in Q1 2026.
How has Herc Holdings's equipment rental — topic 842 changed year-over-year?
Herc Holdings's equipment rental — topic 842 increased by 32.7% year-over-year, from $666M to $884M.
What is the long-term trend for Herc Holdings's equipment rental — topic 842?
Over 4 years (2021 to 2025), Herc Holdings's equipment rental — topic 842 has grown at a 18.2% compound annual growth rate (CAGR), from $1.73B to $3.37B.
What does equipment rental — topic 842 mean?
Reflects revenue derived from equipment rental activities specifically categorized under ASC 842 lease accounting standards, excluding ancillary rental services. This metric isolates the core leasing component of the business to provide transparency into rental-specific performance. It is essential for comparing lease-based revenue streams across companies operating under current lease accounting frameworks.