Herc Holdings Inc. (HRI) Stock

Herc Holdings Inc. (HRI) is a Technology stock trading at $156.15 (as of 2026-08-25), with a market capitalization of $5.22B and a trailing P/E of 5220.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Herc Holdings Inc., through its subsidiaries, operates as an equipment rental supplier in the United States and internationally. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment. The company also provides ProSolutions, an industry specific solution-based services, which include power generation, climate control, remediation and restoration, pump, trench shoring, and studio and production equipment; and ProContractor professional grade tools. In addition, it offers various services, including repair, maintenance, equipment management, and safety training; and equipment re-rental and on-site support services, as well as ancillary services, such as equipment transport, rental protection, cleaning, refueling, and labor. Further, the company sells used equipment and contractor supplies, such as construction consumables, tools, small equipment, and safety supplies. It serves non-residential and residential construction, specialty trade, restoration, remediation and environment, and facility maintenance contractors; industrial manufacturing industries, including automotive and aerospace, power, metals and mining, agriculture, pulp, paper and wood, food and beverage, and refineries and petrochemical industries; infrastructure and government sectors; and commercial facilities, hospitality, healthcare, recreation, entertainment production, and special event management customers. The company sells its products through its sales team and industry catalogs, as well as through participation and sponsorship of industry events, trade shows, and Internet. Herc Holdings Inc. was founded in 1965 and is based in Bonita Springs, Florida.

Understand Herc Holdings Inc.: how it makes money

Herc rents construction and industrial equipment (aerial lifts, trucks, compressors, earthmovers) to contractors and industrial customers, earning daily rental fees plus service charges. The model is a capital treadmill: fleet must keep growing to drive revenue, and pricing gains (low single digits) must outpace fuel and depreciation to protect margins.

Revenue by segment (latest quarter)
Equipment rental$1.0B
Service and other$0.0B
Other$0.1B

Business quality (Weak): Operating margin of 2% and a 5,282x P/E mean the stock is priced for a full-cycle turnaround; the business itself is capital-heavy with thin current returns.

Valuation: Trades at 5282× trailing earnings · $5.3B market cap.

Bull case

  • Mega-project share is a growth unlock: Management raised its targeted share of the U.S. mega-project opportunity to 20%, a deliberate move into the largest, most durable segment of construction demand where contracts run multi-year and reduce revenue volatility.
  • New fleet hits live jobs: About 70% of incremental equipment is specialty gear expected to go directly onto active jobs, so the fleet build-out should convert to utilization quickly rather than sit idle waiting for a soft market to firm up.

Bear case

  • Inflation chews thin margins: Fuel and transportation costs shaved roughly 150 basis points off adjusted EBITDA margin in Q2, a meaningful hit when operating margin sits at just 2%. Even modest further fuel moves can push adjusted profitability near breakeven.
  • Fleet spend squeezes 2026 cash: Aggressive capex pushes expected 2026 free cash flow down to $250 million to $350 million, so shareholders absorb the full outlay now and see the utilization payoff only over the following quarters.
  • Contract repricing is a slow grind: Legacy H and E contract pricing may need three years to reach targeted levels, meaning the margin recovery from better deals is a multi-year crawl rather than a step-change next quarter.
Valuation — source: SEC EDGAR (first-party)
Price$156.15
Market Cap$5.22B
P/E Ratio5220.3
EV / EBITDA323.6
Price / Book2.76
Price / Sales1.09
FCF Yield31.2%
DCF Value (model)$1.58
DCF Upside vs Price-99.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$4.38B
Net Margin0.0%
Revenue Growth (YoY)22.6%
EPS Growth (YoY)-99.6%
FCF Growth (YoY)-12.8%
Financial Health — source: SEC EDGAR
Altman Z-Score0.66 (distress)
Valuation vs Sector & Industry
Stock P/E5220.3
Sector P/E (Technology)34.1
Industry P/E (Business Services)30.0
vs Sector15192.9%
vs Industry17329.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderFMR LLC ($498.30M)
Institutional Holders Tracked10
Congressional Trades (recent)3
Company
SectorTechnology
IndustryBusiness Services
CEOLawrence H. Silber
Employees7,600
CountryUS
IPO Date2006-11-16

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HRI earnings history · HRI institutional & insider holders · HRI KPIs & operating metrics · HRI financials · HRI investor presentations & press releases · HRI SEC filings · HRI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-25.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.