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Herc Holdings HRI Equipment rental — Topic 842

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SUNBEquipment rentals — Topic 842
$2.08B+6.1%
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SUNBOther — Topic 842
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Custom Truck One Source logo
CTOSRental — Topic 842
$130.61M+18.4%
SKY
SKYTTools — Lease Revenue Per Topic 842
$0
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CTOSEquipment sales — Topic 842
$730K-66.2%
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SKYTWafer Services — Lease Revenue Per Topic 842
$369K

Other financials

Income statement

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Revenue$1.2B+20.2%
Net income$19.0M+154%
EPS (diluted)$0.57+149%

Balance sheet

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Cash & equivalents$43.0M-18.9%
Total debt$9.6B-3.1%
Total equity$1.9B-1.1%
Total assets$13.7B-2.1%

Cash flow

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Operating cash flow$314.0M+30.3%
CapEx$41.0M-12.8%
Free cash flow$273.0M+40.7%

Valuation

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Market cap$5.68B+53.7%
Enterprise value$15.21B+12.5%
P/E115.8×
P/S1.2×+0.2×

Profitability

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Gross margin97.8%
Net margin1%
FCF margin22.8%-1.3pp

Returns & leverage

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Return on equity2.6%
Debt / equity5.1×-0.1×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by Herc Holdings in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLeaseIncome.

The source filing: Herc Holdings’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 6:33 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001364479-26-000109
Line itemThree Months Ended June 30, 2026 / Topic 842Three Months Ended June 30, 2026 / Topic 606Three Months Ended June 30, 2026 / TotalThree Months Ended June 30, 2025 / Topic 842Three Months Ended June 30, 2025 / Topic 606Three Months Ended June 30, 2025 / Total
Revenues:
Equipment rental$962$962$777$777
Other rental revenue:
Delivery and pick-up72726060
Other38383333
Total other rental revenues3872110336093
Total equipment rental1,000721,07281060870
Sales of rental equipment110110106106

Item 1. Financial Statements

FAQ

What is Herc Holdings's equipment rental — topic 842?
Herc Holdings (HRI) reported equipment rental — topic 842 of $962M in Q2 2026.
How has Herc Holdings's equipment rental — topic 842 changed year-over-year?
Herc Holdings's equipment rental — topic 842 increased by 23.8% year-over-year, from $777M to $962M.
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.

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