Hertz Global (HTZZ) Financials

$8.30 -0.35 (-4.05%)

As of 04/25/2025

Annual Income Statements for Hertz Global

This table shows Hertz Global's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-82	273	-491	327	-225	-58	-1,714	366	2,059	616	-2,862
Consolidated Net Income / (Loss)	-82	273	-491	327	-227	-50	-1,723	365	2,059	616	-2,862
Net Income / (Loss) Continuing Operations	-214	115	-474	327	-227	-50	-1,723	365	2,059	616	-2,862
Total Pre-Tax Income	-231	132	-470	-575	-257	13	-2,052	683	2,449	286	-3,237
Total Operating Income	376	616	-201	-575	442	759	-2,052	1,310	2,779	-27	-2,274
Total Gross Profit	4,017	3,962	3,591	3,845	4,149	4,474	5,258	3,416	8,685	3,916	9,049
Total Revenue	9,475	9,017	8,523	8,803	9,504	9,779	5,258	7,336	8,685	9,371	9,049
Operating Revenue	8,907	8,434	7,931	8,803	9,504	9,779	5,258	-	8,685	9,371	9,049
Total Cost of Revenue	5,458	5,055	4,932	4,958	5,355	5,305	0.00	3,920	0.00	5,455	0.00
Total Operating Expenses	3,641	3,346	3,792	4,420	3,707	3,715	7,310	6,653	5,906	3,943	11,323
Selling, General & Admin Expense	936	873	899	880	1,017	949	645	688	959	962	819
Depreciation Expense	2,705	2,433	2,601	2,798	2,690	2,766	2,255	693	843	2,188	3,750
Other Operating Expenses / (Income)	-	-	-	656	0.00	-	4,197	448	4,104	793	5,414
Impairment Charge	0.00	40	292	86	0.00	0.00	213	-	0.00	0.00	1,048
Other Special Charges / (Income)	-	-	-	-	-	-	-	-	0.00	0.00	292
Total Other Income / (Expense), net	-607	-484	-269	0.00	-699	-746	0.00	-627	-330	313	-963
Interest Expense	617	346	344	-	739	805	-	-	328	-	959
Other Income / (Expense), net	10	-138	75	-	40	59	-	-627	-2.00	313	-4.00
Income Tax Expense	-17	17	4.00	-902	-30	63	-329	318	390	-330	-375
Basic Earnings per Share	($0.90)	$3.03	($5.85)	$3.44	($2.35)	($0.49)	($11.44)	($0.27)	$5.43	$1.97	($9.34)
Weighted Average Basic Shares Outstanding	91M	90M	84M	95M	96M	117M	150M	315M	379M	313M	306M
Diluted Earnings per Share	($0.90)	$3.00	($5.85)	$3.44	($2.35)	($0.49)	($11.44)	($0.27)	$3.36	$1.39	($9.34)
Weighted Average Diluted Shares Outstanding	91M	91M	84M	95M	96M	117M	150M	315M	403M	326M	306M
Weighted Average Basic & Diluted Shares Outstanding	-	90.10M	83.90M	83.73M	83.92M	142.13M	156.21M	429.29M	322.41M	305.30M	306.83M

This table shows Hertz Global's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	577	116	196	139	629	-348	-186	-865	-1,332	-479
Consolidated Net Income / (Loss)	577	116	196	139	629	-348	-186	-865	-1,332	-479
Net Income / (Loss) Continuing Operations	577	116	196	139	629	-348	-186	-865	-1,332	-479
Total Pre-Tax Income	647	127	62	158	559	-493	-581	-473	-1,620	-563
Total Operating Income	568	953	27	344	236	-634	-665	-643	-1,636	670
Total Gross Profit	1,214	4,516	826	2,437	1,204	-551	714	913	1,106	6,316
Total Revenue	2,496	2,035	2,047	2,437	2,703	2,184	2,080	2,353	2,576	2,040
Operating Revenue	2,496	2,035	2,047	2,437	2,703	2,184	2,080	2,353	2,576	2,040
Total Cost of Revenue	1,282	-2,481	1,221	0.00	1,499	2,735	1,366	1,440	1,470	-4,276
Total Operating Expenses	646	3,563	799	2,093	968	83	1,379	1,556	2,742	5,646
Selling, General & Admin Expense	246	221	221	285	209	247	162	243	189	225
Depreciation Expense	330	397	416	361	534	877	1,001	1,076	971	702
Other Operating Expenses / (Income)	70	2,945	162	1,447	225	-1,041	216	237	246	4,715
Total Other Income / (Expense), net	79	-826	35	-186	323	141	84	170	16	-1,233
Other Income / (Expense), net	79	-542	35	2.00	323	-47	84	170	16	-274
Income Tax Expense	70	11	-134	19	-70	-145	-395	392	-288	-84
Basic Earnings per Share	$1.62	$0.46	$0.61	$0.44	$2.02	($1.10)	($0.61)	($2.82)	($4.34)	($1.57)
Weighted Average Basic Shares Outstanding	355M	379M	321M	314M	311M	313M	305M	306M	307M	306M
Diluted Earnings per Share	$1.33	$0.08	$0.61	$0.44	$0.92	($0.58)	($0.61)	($2.82)	($4.34)	($1.57)
Weighted Average Diluted Shares Outstanding	379M	403M	323M	315M	327M	326M	305M	306M	307M	306M
Weighted Average Basic & Diluted Shares Outstanding	333.95M	322.41M	315.24M	311.26M	307.81M	305.30M	305.81M	306.51M	306.69M	306.83M

This table details how cash moves in and out of Hertz Global's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	78	0.00	-2,291	1,428	1,482	-51	218	1,073	-1,233	-212	-73
Net Cash From Operating Activities	2,941	2,776	2,055	2,394	2,556	2,900	953	1,806	2,538	2,474	2,224
Net Cash From Continuing Operating Activities	2,941	2,776	2,529	2,394	2,556	2,900	953	1,806	2,538	2,474	2,224
Net Income / (Loss) Continuing Operations	-214	115	-948	327	-227	-50	-1,723	365	2,059	616	-2,862
Consolidated Net Income / (Loss)	-82	273	-965	327	-227	-50	-1,723	365	2,059	616	-2,862
Depreciation Expense	2,916	2,635	2,796	2,962	218	2,994	225	196	142	149	139
Amortization Expense	38	54	48	46	50	52	59	122	53	61	74
Non-Cash Adjustments To Reconcile Net Income	76	15	464	154	2,573	439	2,916	1,546	456	2,368	4,850
Changes in Operating Assets and Liabilities, net	125	-43	163	-1,095	-58	-535	-524	-423	-172	-720	23
Net Cash From Investing Activities	-2,756	-2,380	-2,048	-3,000	-4,197	-4,425	4,591	-3,544	-4,233	-4,024	-2,929
Net Cash From Continuing Investing Activities	-2,756	-2,380	-2,048	-3,000	-4,197	-4,425	4,591	-3,544	-4,233	-4,024	-2,929
Purchase of Property, Plant & Equipment	-10,145	-11,516	-11,006	-10,769	-12,670	-13,938	-5,640	-7,225	-10,746	-9,702	-10,629
Acquisitions	-75	-95	-2.00	-15	-	-	0.00	0.00	-16	-1.00	-1.00
Sale of Property, Plant & Equipment	7,245	8,783	8,738	7,674	8,503	9,513	10,158	2,834	6,510	5,679	7,701
Other Investing Activities, net	219	448	-45	7.00	-6.00	0.00	-1.00	-24	19	0.00	0.00
Net Cash From Financing Activities	-77	-368	-2,298	988	1,561	1,474	-5,372	2,845	487	1,313	658
Net Cash From Continuing Financing Activities	-77	-368	-183	2,034	3,123	1,474	-5,372	2,845	487	1,313	658
Repayment of Debt	-7,043	-27,602	-28,900	-23,672	-26,060	-15,352	-11,683	-19,238	-6,727	-6,905	-7,861
Repurchase of Common Equity	0.00	-605	-100	-	-	0.00	0.00	-654	-2,461	-315	0.00
Issuance of Debt	6,890	28,186	24,580	25,712	29,132	16,029	6,358	18,967	9,672	8,533	8,519
Other Financing Activities, net	76	-347	2,122	-6.00	-9.00	748	0.00	4,497	3.00	0.00	0.00
Effect of Exchange Rate Changes	-30	-28	-	-	-	-	46	-34	-25	25	-26
Cash Interest Paid	-	1,122	1,054	1,164	1,330	703	444	455	372	721	798
Cash Income Taxes Paid	42	24	57	54	26	21	-11	40	78	33	53

This table details how cash moves in and out of Hertz Global's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-55	-90	-176	-76	-110	150	-261	49	-89	228
Net Cash From Operating Activities	932	277	562	497	851	564	370	546	894	414
Net Cash From Continuing Operating Activities	932	277	562	497	851	564	370	546	894	414
Net Income / (Loss) Continuing Operations	577	116	196	139	629	-348	-186	-865	-1,332	-479
Consolidated Net Income / (Loss)	577	116	196	139	629	-348	-186	-865	-1,332	-479
Depreciation Expense	36	37	35	32	33	49	32	41	34	32
Amortization Expense	13	15	14	15	15	17	18	15	21	20
Non-Cash Adjustments To Reconcile Net Income	187	537	565	726	416	661	970	1,001	2,067	812
Changes in Operating Assets and Liabilities, net	119	-428	-248	-415	-242	185	-464	354	104	29
Net Cash From Investing Activities	-222	-760	-1,488	-2,237	-383	84	-703	-2,077	-487	338
Net Cash From Continuing Investing Activities	-222	-760	-1,488	-2,237	-383	84	-703	-2,077	-487	338
Purchase of Property, Plant & Equipment	-1,809	-2,789	-2,869	-3,797	-1,797	-1,239	-1,937	-3,749	-2,253	-2,690
Acquisitions	-	-1.00	0.00	-1.00	-	-	-2.00	-1.00	-	2.00
Sale of Property, Plant & Equipment	1,587	2,030	1,381	1,561	1,414	1,323	1,236	1,673	1,766	3,026
Net Cash From Financing Activities	-740	368	739	1,662	-568	-520	85	1,582	-511	-498
Net Cash From Continuing Financing Activities	-740	368	739	1,662	-568	-520	85	1,582	-511	-498
Repayment of Debt	-1,138	-713	-1,629	-1,019	-2,638	-1,619	-1,384	-1,517	-2,672	-2,288
Issuance of Debt	903	1,390	2,486	2,785	2,120	1,142	1,469	3,099	2,161	1,790
Effect of Exchange Rate Changes	-25	25	11	2.00	-10	22	-13	-2.00	15	-26
Cash Interest Paid	82	124	132	192	187	210	179	223	205	191
Cash Income Taxes Paid	23	18	11	-1.00	17	6.00	12	19	16	6.00

This table presents Hertz Global's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	23,514	19,155	20,058	21,382	24,627	16,908	19,783	22,497	24,605	21,802
Total Current Assets	3,588	2,955	3,556	3,899	3,889	2,657	4,426	3,547	3,123	3,232
Cash & Equivalents	474	816	1,072	1,127	865	1,096	2,258	943	764	592
Restricted Cash	333	278	432	283	495	411	393	475	442	541
Accounts Receivable	1,786	1,283	1,365	1,587	1,840	777	758	974	1,191	1,205
Prepaid Expenses	995	578	687	902	689	373	1,017	1,155	726	894
Plant, Property, & Equipment, net	11,723	858	840	13,197	757	6,728	9,226	12,495	14,651	11,963
Plant, Property & Equipment, gross	15,396	15,544	14,574	15,703	17,085	7,540	10,836	14,281	16,806	12,714
Accumulated Depreciation	3,673	3,868	3,238	3,284	3,296	1,478	1,610	1,786	2,155	751
Total Noncurrent Assets	8,203	15,342	15,662	4,286	6,192	7,523	6,131	6,455	6,831	6,607
Goodwill	1,261	1,081	1,084	1,083	1,083	1,045	1,045	1,044	1,044	1,044
Intangible Assets	3,522	3,332	3,242	3,203	3,238	2,992	2,912	2,887	2,863	2,852
Other Noncurrent Operating Assets	-	10,818	11,336	0.00	1,871	3,486	2,174	2,524	2,924	2,711
Total Liabilities & Shareholders' Equity	23,514	19,155	20,058	21,382	24,627	16,908	19,783	22,497	24,605	21,802
Total Liabilities	21,495	18,080	18,538	20,262	22,739	16,815	16,806	19,852	21,513	21,649
Total Current Liabilities	1,929	1,966	2,026	2,292	2,125	1,298	1,435	1,568	1,718	1,974
Accounts Payable	766	821	946	988	943	418	572	657	701	642
Accrued Expenses	1,035	980	920	1,304	1,032	759	863	911	860	1,174
Current Deferred & Payable Income Tax Liabilities	128	165	160	-	150	121	-	-	157	158
Total Noncurrent Liabilities	19,566	16,114	16,512	17,970	20,614	15,517	15,371	18,284	19,795	19,675
Long-Term Debt	15,770	13,541	14,865	16,324	17,089	6,267	10,907	13,863	16,162	16,952
Capital Lease Obligations	-	-	-	-	1,848	1,636	-	-	2,142	2,073
Noncurrent Deferred & Payable Income Tax Liabilities	2,168	2,149	1,220	1,092	1,124	730	1,010	1,360	1,038	472
Other Noncurrent Operating Liabilities	394	407	427	554	553	6,396	2,991	2,589	453	178
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,019	1,075	1,520	1,120	1,888	93	2,977	2,645	3,092	153
Total Preferred & Common Equity	2,711	1,075	1,520	1,061	1,769	56	2,977	2,645	3,092	153
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,711	1,075	1,520	1,061	1,705	56	2,977	2,645	3,092	153
Common Stock	3,347	2,228	2,244	2,262	3,025	3,049	6,214	6,331	6,410	6,401
Retained Earnings	-391	-882	-506	-909	-967	-2,681	-2,315	-256	360	-2,502
Accumulated Other Comprehensive Income / (Loss)	-245	-171	-118	-192	-189	-212	-214	-294	-248	-316
Other Equity Adjustments	-	-	-	0.00	-64	0.00	-	-	-3,430	-3,430

This table presents Hertz Global's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	21,694	23,749	26,095	25,554	24,310	25,185	22,979
Total Current Assets	3,495	3,256	3,489	3,298	2,909	3,015	3,172
Cash & Equivalents	1,006	728	682	594	465	568	501
Restricted Cash	502	514	484	462	480	426	404
Accounts Receivable	1,053	1,034	1,292	1,407	1,213	1,267	1,340
Prepaid Expenses	934	980	1,031	835	751	754	927
Plant, Property, & Equipment, net	12,023	13,858	15,845	15,459	14,617	15,369	13,235
Plant, Property & Equipment, gross	13,757	15,746	17,833	17,576	17,052	18,122	13,543
Accumulated Depreciation	1,734	1,888	1,988	2,117	2,435	2,753	308
Total Noncurrent Assets	6,176	6,635	6,761	6,797	6,784	6,801	6,572
Goodwill	1,043	1,044	1,044	1,044	1,044	1,044	1,044
Intangible Assets	2,883	2,882	2,883	2,881	2,862	2,858	2,856
Other Noncurrent Operating Assets	2,250	2,709	2,834	2,872	2,878	2,899	2,672
Total Liabilities & Shareholders' Equity	21,694	23,749	26,095	25,554	24,310	25,185	22,979
Total Liabilities	18,933	20,975	23,256	22,164	21,498	23,227	22,298
Total Current Liabilities	1,569	1,646	1,906	1,686	2,017	1,926	1,800
Accounts Payable	614	720	935	790	1,134	995	624
Accrued Expenses	955	926	971	896	883	931	1,176
Total Noncurrent Liabilities	17,364	19,329	21,350	20,478	19,481	21,301	20,498
Long-Term Debt	13,076	14,764	16,570	16,013	15,744	17,369	16,956
Asset Retirement Reserve & Litigation Obligation	484	457	451	472	473	501	559
Noncurrent Deferred & Payable Income Tax Liabilities	1,306	1,223	1,193	1,178	620	912	559
Other Noncurrent Operating Liabilities	2,498	2,885	3,136	2,815	2,644	2,519	2,424
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,761	2,774	2,839	3,390	2,812	1,958	681
Total Preferred & Common Equity	2,761	2,774	2,839	3,390	2,812	1,958	681
Preferred Stock	0.00	-	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,761	2,774	2,839	3,390	2,812	1,958	681
Common Stock	6,313	6,351	6,374	6,394	6,356	6,370	6,385
Retained Earnings	-372	-60	79	708	174	-691	-2,023
Treasury Stock	-2,821	-3,237	-3,338	-3,389	-3,430	-3,430	-3,430
Accumulated Other Comprehensive Income / (Loss)	-359	-280	-276	-323	-288	-291	-251

This table displays calculated financial ratios and metrics derived from Hertz Global's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-4.83%	-5.48%	3.29%	7.96%	2.89%	-46.23%	39.52%	18.39%	7.90%	-3.44%
EBITDA Growth	0.00%	75.33%	-53.59%	-10.49%	-69.17%	415.20%	-145.76%	156.62%	196.90%	-83.31%	-516.33%
EBIT Growth	0.00%	23.83%	-126.36%	-356.35%	183.83%	69.71%	-350.86%	133.28%	306.59%	-89.70%	-896.50%
NOPAT Growth	0.00%	103.90%	-126.22%	-186.07%	176.87%	-1,043.51%	50.80%	148.74%	233.74%	-102.49%	-2,637.22%
Net Income Growth	0.00%	432.93%	-279.85%	166.60%	-169.42%	77.97%	-3,346.00%	121.18%	464.11%	-70.08%	-564.61%
EPS Growth	0.00%	433.33%	-295.00%	158.80%	-168.31%	79.15%	-2,234.69%	97.64%	1,344.44%	-58.63%	-771.94%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	16.50%	6.77%	13.46%	-67.14%	89.51%	40.53%	-2.52%	-10.11%
Free Cash Flow Firm Growth	0.00%	0.00%	108.61%	-251.19%	54.54%	981.79%	-130.24%	-79.78%	62.40%	-239.23%	110.72%
Invested Capital Growth	0.00%	0.00%	-9.25%	10.82%	7.75%	-64.60%	14.32%	73.11%	34.34%	33.80%	-10.62%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	4.30%	2.18%	0.32%	-17.17%	10.77%	1.01%	1.62%	-1.57%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-4.48%	173.72%	530.29%	-142.27%	171.91%	55.20%	-60.19%	33.98%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	14.05%	272.14%	2.63%	-199.13%	798.68%	61.83%	-72.76%	32.10%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-13.86%	257.86%	-523.54%	-199.13%	1,083.55%	77.00%	-109.27%	33.43%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	144.98%	-146.33%	-35.14%	-11.38%	8.31%	22.56%	-42.96%	-4.80%
EPS Q/Q Growth	0.00%	0.00%	0.00%	139.54%	-144.42%	19.67%	-10.11%	27.03%	95.35%	-32.20%	-11.86%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	59.71%	464.24%	4.62%	-40.25%	46.47%	-11.23%	13.12%	-6.32%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	66.88%	352.10%	-117.00%	20.91%	-177.98%	-52.11%	171.27%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-0.85%	-7.63%	-72.97%	-10.99%	-9.86%	5.31%	10.05%	7.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.40%	43.94%	42.13%	43.68%	43.66%	45.75%	100.00%	46.56%	100.00%	41.79%	100.00%
EBITDA Margin	35.25%	64.94%	31.89%	27.64%	7.89%	39.51%	-33.63%	13.65%	34.22%	5.29%	-22.82%
Operating Margin	3.97%	6.83%	-2.36%	-6.53%	4.65%	7.76%	-39.03%	17.86%	32.00%	-0.29%	-25.13%
EBIT Margin	4.07%	5.30%	-1.48%	-6.53%	5.07%	8.36%	-39.03%	9.31%	31.97%	3.05%	-25.17%
Profit (Net Income) Margin	-0.87%	3.03%	-5.76%	3.71%	-2.39%	-0.51%	-32.77%	4.98%	23.71%	6.57%	-31.63%
Tax Burden Percent	35.50%	206.82%	104.47%	-56.87%	88.33%	-384.62%	83.97%	53.44%	84.08%	215.38%	88.42%
Interest Burden Percent	-59.84%	27.62%	373.02%	100.00%	-53.32%	1.59%	100.00%	100.00%	88.19%	100.00%	142.10%
Effective Tax Rate	0.00%	12.88%	0.00%	0.00%	0.00%	484.62%	0.00%	46.56%	15.92%	-115.38%	0.00%
Return on Invested Capital (ROIC)	0.00%	7.25%	-1.00%	-2.84%	2.00%	-26.89%	-23.62%	7.90%	17.75%	-0.33%	-8.33%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	3.13%	-3.78%	2.83%	-1.79%	3.79%	-29.24%	3.33%	15.07%	4.23%	-15.59%
Return on Net Nonoperating Assets (RNNOA)	0.00%	19.79%	-30.74%	28.05%	-19.20%	23.57%	-150.34%	15.88%	55.50%	21.80%	-168.07%
Return on Equity (ROE)	0.00%	27.04%	-31.74%	25.20%	-17.20%	-3.32%	-173.95%	23.78%	73.25%	21.47%	-176.39%
Cash Return on Invested Capital (CROIC)	0.00%	-192.75%	8.70%	-13.11%	-5.46%	68.53%	-36.98%	-45.64%	-11.55%	-29.24%	2.89%
Operating Return on Assets (OROA)	0.00%	2.03%	-0.59%	-2.93%	2.33%	3.56%	-9.88%	3.72%	13.14%	1.21%	-9.82%
Return on Assets (ROA)	0.00%	1.16%	-2.30%	1.67%	-1.10%	-0.22%	-8.30%	1.99%	9.74%	2.62%	-12.33%
Return on Common Equity (ROCE)	0.00%	36.31%	-38.84%	25.20%	-16.81%	-3.06%	-154.63%	23.49%	73.25%	21.47%	-176.39%
Return on Equity Simple (ROE_SIMPLE)	0.00%	10.07%	-45.67%	21.51%	-21.39%	-2.83%	-3,076.79%	12.26%	77.85%	19.92%	-1,870.59%
Net Operating Profit after Tax (NOPAT)	263	537	-141	-403	309	-2,919	-1,436	700	2,336	-58	-1,592
NOPAT Margin	2.78%	5.95%	-1.65%	-4.57%	3.26%	-29.85%	-27.32%	9.54%	26.90%	-0.62%	-17.59%
Net Nonoperating Expense Percent (NNEP)	0.00%	4.13%	2.79%	-5.67%	3.79%	-30.68%	5.63%	4.57%	2.68%	-4.56%	7.26%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	14.15%	-0.27%	-8.30%
Cost of Revenue to Revenue	57.60%	56.06%	57.87%	56.32%	56.34%	54.25%	0.00%	53.44%	0.00%	58.21%	0.00%
SG&A Expenses to Revenue	9.88%	9.68%	10.55%	10.00%	10.70%	9.70%	12.27%	9.38%	11.04%	10.27%	9.05%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	38.43%	37.11%	44.49%	50.21%	39.00%	37.99%	139.03%	90.69%	68.00%	42.08%	125.13%
Earnings before Interest and Taxes (EBIT)	386	478	-126	-575	482	818	-2,052	683	2,777	286	-2,278
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,340	5,856	2,718	2,433	750	3,864	-1,768	1,001	2,972	496	-2,065
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.48	0.00	0.00	0.00	0.00	0.00	3.97	1.94	1.03	7.34
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.14	0.14	0.00	0.00	0.00	0.00	0.00	1.61	0.59	0.34	0.12
Price to Earnings (P/E)	0.00	4.73	0.00	0.00	0.00	0.00	0.00	32.27	2.50	5.19	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	21.15%	0.00%	0.00%	0.00%	0.00%	0.00%	3.10%	40.06%	19.26%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.05	0.00	0.00	0.00	0.00	0.00	1.79	1.17	1.01	1.05
Enterprise Value to Revenue (EV/Rev)	0.00	1.73	0.00	0.00	0.00	0.00	0.00	2.74	2.02	2.17	2.10
Enterprise Value to EBITDA (EV/EBITDA)	0.00	2.66	0.00	0.00	0.00	0.00	0.00	20.05	5.92	40.92	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	32.56	0.00	0.00	0.00	0.00	0.00	29.38	6.33	70.97	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	29.00	0.00	0.00	0.00	0.00	0.00	28.67	7.53	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11.11	6.93	8.20	8.55
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	34.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	7.81	12.60	9.78	14.58	10.03	84.98	3.66	5.24	5.92	124.35
Long-Term Debt to Equity	0.00	7.81	12.60	9.78	14.58	10.03	84.98	3.66	5.24	5.92	124.35
Financial Leverage	0.00	6.33	8.12	9.91	10.71	6.22	5.14	4.77	3.68	5.15	10.78
Leverage Ratio	0.00	11.65	13.79	15.11	15.70	15.30	20.97	11.95	7.52	8.21	14.30
Compound Leverage Factor	0.00	3.22	51.44	15.11	-8.37	0.24	20.97	11.95	6.63	8.21	20.32
Debt to Total Capital	0.00%	88.65%	92.65%	90.72%	93.58%	90.93%	98.84%	78.56%	83.98%	85.55%	99.20%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	88.65%	92.65%	90.72%	93.58%	90.93%	98.84%	78.56%	83.98%	85.55%	99.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	-3.89%	0.00%	0.00%	0.34%	0.57%	0.46%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	15.24%	7.36%	9.28%	6.08%	8.19%	0.70%	21.44%	16.02%	14.45%	0.80%
Debt to EBITDA	0.00	2.69	4.98	6.11	21.77	4.90	-4.47	10.90	4.66	36.90	-9.21
Net Debt to EBITDA	0.00	2.56	4.58	5.49	19.89	4.55	-3.62	8.25	4.19	34.47	-8.66
Long-Term Debt to EBITDA	0.00	2.69	4.98	6.11	21.77	4.90	-4.47	10.90	4.66	36.90	-9.21
Debt to NOPAT	0.00	29.39	-96.24	-36.93	52.76	-6.49	-5.50	15.58	5.93	-314.75	-11.95
Net Debt to NOPAT	0.00	27.88	-88.46	-33.20	48.20	-6.02	-4.45	11.79	5.33	-294.01	-11.24
Long-Term Debt to NOPAT	0.00	29.39	-96.24	-36.93	52.76	-6.49	-5.50	15.58	5.93	-314.75	-11.95
Altman Z-Score	0.00	0.55	0.00	0.00	0.00	0.00	0.00	0.92	1.04	0.60	0.01
Noncontrolling Interest Sharing Ratio	0.00%	-34.27%	-22.37%	0.00%	2.23%	8.05%	11.11%	1.21%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.86	1.50	1.76	1.70	1.83	2.05	3.08	2.26	1.82	1.64
Quick Ratio	0.00	1.17	1.07	1.20	1.18	1.27	1.44	2.10	1.22	1.14	0.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-14,259	1,227	-1,856	-844	7,439	-2,249	-4,044	-1,521	-5,158	553
Operating Cash Flow to CapEx	101.41%	0.00%	90.61%	77.35%	61.34%	65.54%	0.00%	41.13%	59.92%	61.50%	75.96%
Free Cash Flow to Firm to Interest Expense	0.00	-41.21	3.57	0.00	-1.14	9.24	0.00	0.00	-4.64	0.00	0.58
Operating Cash Flow to Interest Expense	4.77	0.00	5.97	0.00	3.46	3.60	0.00	0.00	7.74	0.00	2.32
Operating Cash Flow Less CapEx to Interest Expense	0.07	0.00	-0.62	0.00	-2.18	-1.89	0.00	0.00	-5.18	0.00	-0.73
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.38	0.40	0.45	0.46	0.43	0.25	0.40	0.41	0.40	0.39
Accounts Receivable Turnover	0.00	5.05	5.55	6.65	6.44	5.71	4.02	9.56	10.03	8.66	7.55
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.77	1.35	10.37	1.35	1.40	1.40	0.92	0.80	0.69	0.68
Accounts Payable Turnover	0.00	6.60	6.22	5.61	5.54	5.49	0.00	7.92	0.00	8.03	0.00
Days Sales Outstanding (DSO)	0.00	72.30	65.72	54.90	56.69	63.96	90.83	38.19	36.39	42.16	48.32
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	55.31	58.72	65.04	65.91	66.43	0.00	46.09	0.00	45.43	0.00
Cash Conversion Cycle (CCC)	0.00	16.99	6.99	-10.14	-9.23	-2.47	90.83	-7.90	36.39	-3.27	48.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	14,796	13,428	14,881	16,034	5,676	6,489	11,233	15,090	20,190	18,045
Invested Capital Turnover	0.00	1.22	0.60	0.62	0.61	0.90	0.86	0.83	0.66	0.53	0.47
Increase / (Decrease) in Invested Capital	0.00	14,796	-1,368	1,453	1,153	-10,358	813	4,744	3,857	5,100	-2,145
Enterprise Value (EV)	0.00	15,562	0.00	0.00	0.00	0.00	0.00	20,068	17,585	20,296	19,014
Market Capitalization	1,291	1,291	0.00	0.00	0.00	0.00	0.00	11,812	5,140	3,198	1,122
Book Value per Share	$0.00	$30.12	$12.96	$18.16	$12.64	$12.00	$0.36	$6.30	$7.92	$10.05	$0.50
Tangible Book Value per Share	$0.00	($23.02)	($40.23)	($33.52)	($38.42)	($18.41)	($25.49)	($2.07)	($3.85)	($2.65)	($12.20)
Total Capital	0.00	17,789	14,616	16,385	17,444	20,825	7,996	13,884	16,508	21,396	19,178
Total Debt	0.00	15,770	13,541	14,865	16,324	18,937	7,903	10,907	13,863	18,304	19,025
Total Long-Term Debt	0.00	15,770	13,541	14,865	16,324	18,937	7,903	10,907	13,863	18,304	19,025
Net Debt	0.00	14,963	12,447	13,361	14,914	17,577	6,396	8,256	12,445	17,098	17,892
Capital Expenditures (CapEx)	2,900	-60,897	2,268	3,095	4,167	4,425	-4,518	4,391	4,236	4,023	2,928
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	852	-105	26	197	404	-148	340	561	199	125
Debt-free Net Working Capital (DFNWC)	0.00	1,659	989	1,530	1,607	1,764	1,359	2,991	1,979	1,405	1,258
Net Working Capital (NWC)	0.00	1,659	989	1,530	1,607	1,764	1,359	2,991	1,979	1,405	1,258
Net Nonoperating Expense (NNE)	345	264	350	-730	536	-2,869	287	335	277	-674	1,270
Net Nonoperating Obligations (NNO)	0.00	12,777	12,353	13,361	14,914	3,788	6,396	8,256	12,445	17,098	17,892
Total Depreciation and Amortization (D&A)	2,954	5,378	2,844	3,008	268	3,046	284	318	195	210	213
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	9.45%	-1.23%	0.30%	2.07%	4.13%	-2.81%	4.63%	6.46%	2.12%	1.38%
Debt-free Net Working Capital to Revenue	0.00%	18.40%	11.60%	17.38%	16.91%	18.04%	25.85%	40.77%	22.79%	14.99%	13.90%
Net Working Capital to Revenue	0.00%	18.40%	11.60%	17.38%	16.91%	18.04%	25.85%	40.77%	22.79%	14.99%	13.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.90)	$3.03	($5.85)	$3.94	($2.68)	($0.49)	($11.44)	($0.27)	$5.43	$1.97	($9.34)
Adjusted Weighted Average Basic Shares Outstanding	91M	90M	84M	83M	84M	117M	150M	315M	379M	313M	306M
Adjusted Diluted Earnings per Share	($0.90)	$3.00	($5.85)	$3.94	($2.68)	($0.49)	($11.44)	($0.27)	$3.36	$1.39	($9.34)
Adjusted Weighted Average Diluted Shares Outstanding	91M	91M	84M	83M	84M	117M	150M	315M	403M	326M	306M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	90.10M	83.03M	83.73M	83.92M	142.13M	156.21M	429.29M	322.41M	305.30M	306.83M
Normalized Net Operating Profit after Tax (NOPAT)	263	572	64	-342	309	531	-1,287	848	2,336	-19	-654
Normalized NOPAT Margin	2.78%	6.34%	0.75%	-3.89%	3.26%	5.43%	-24.48%	11.56%	26.90%	-0.20%	-7.23%
Pre Tax Income Margin	-2.44%	1.46%	-5.51%	-6.53%	-2.70%	0.13%	-39.03%	9.31%	28.20%	3.05%	-35.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.63	1.38	-0.37	0.00	0.65	1.02	0.00	0.00	8.47	0.00	-2.38
NOPAT to Interest Expense	0.43	1.55	-0.41	0.00	0.42	-3.63	0.00	0.00	7.12	0.00	-1.66
EBIT Less CapEx to Interest Expense	-4.07	177.38	-6.96	0.00	-4.99	-4.48	0.00	0.00	-4.45	0.00	-5.43
NOPAT Less CapEx to Interest Expense	-4.27	177.55	-7.00	0.00	-5.22	-9.12	0.00	0.00	-5.79	0.00	-4.71
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	26.43%	98.00%	-4.35%	75.89%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-221.61%	-20.37%	0.00%	26.43%	98.00%	-4.35%	255.07%	119.52%	51.14%	0.00%

This table displays calculated financial ratios and metrics derived from Hertz Global's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.13%	4.47%	13.09%	3.97%	8.29%	7.32%	1.61%	-3.45%	-4.70%	-6.59%
EBITDA Growth	-15.94%	957.41%	-82.76%	-66.38%	-12.79%	-232.83%	-578.38%	-206.11%	-357.83%	172.85%
EBIT Growth	-15.76%	473.64%	-89.67%	-69.08%	-13.60%	-265.69%	-1,037.10%	-236.71%	-389.80%	158.15%
NOPAT Growth	-16.69%	1,230.46%	-81.37%	-45.41%	-47.58%	-150.98%	-645.37%	-248.73%	-531.25%	205.68%
Net Income Growth	-5.10%	144.11%	-53.99%	-85.21%	9.01%	-400.00%	-194.90%	-722.30%	-311.76%	-37.64%
EPS Growth	17.70%	105.13%	-25.61%	-61.06%	-30.83%	-825.00%	-200.00%	-740.91%	-571.74%	-170.69%
Operating Cash Flow Growth	25.44%	-53.68%	-9.50%	-29.80%	-8.69%	103.61%	-34.16%	9.86%	5.05%	-26.60%
Free Cash Flow Firm Growth	70.19%	38.05%	38.48%	-124.81%	-175.82%	-85.63%	49.83%	84.03%	112.52%	147.15%
Invested Capital Growth	14.98%	34.34%	28.70%	25.31%	28.04%	33.80%	8.07%	0.49%	-8.80%	-10.62%
Revenue Q/Q Growth	6.48%	-18.47%	0.59%	19.05%	10.92%	-19.20%	-4.76%	13.13%	9.48%	-20.81%
EBITDA Q/Q Growth	-40.46%	-33.48%	-17.78%	254.05%	54.45%	-201.32%	36.79%	21.47%	-275.30%	128.63%
EBIT Q/Q Growth	-42.18%	-36.48%	-25.30%	458.06%	61.56%	-221.82%	35.87%	18.59%	-242.49%	124.44%
NOPAT Q/Q Growth	-8.64%	71.84%	215.37%	254.56%	-12.25%	-267.12%	35.12%	3.31%	-154.43%	140.95%
Net Income Q/Q Growth	-38.62%	-79.90%	68.97%	-29.08%	352.52%	-155.33%	46.55%	-365.05%	-53.99%	64.04%
EPS Q/Q Growth	17.70%	-93.99%	662.50%	-27.87%	109.09%	-163.04%	-5.17%	-362.30%	-53.90%	63.82%
Operating Cash Flow Q/Q Growth	31.64%	-70.28%	102.89%	-11.57%	71.23%	-33.73%	-34.40%	47.57%	63.74%	-53.69%
Free Cash Flow Firm Q/Q Growth	9.58%	-119.53%	9.73%	4.69%	-10.94%	-47.74%	44.44%	69.67%	186.98%	456.41%
Invested Capital Q/Q Growth	-1.57%	5.31%	7.99%	11.95%	0.57%	10.05%	0.19%	4.10%	-8.73%	7.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	48.64%	221.92%	40.35%	100.00%	44.54%	-25.23%	34.33%	38.80%	42.93%	309.61%
EBITDA Margin	27.88%	22.75%	5.42%	16.13%	22.46%	-28.16%	-25.53%	-17.72%	-60.75%	21.96%
Operating Margin	22.76%	46.83%	1.32%	14.12%	8.73%	-29.03%	-31.97%	-27.33%	-63.51%	32.84%
EBIT Margin	25.92%	20.20%	3.03%	14.20%	20.68%	-31.18%	-27.93%	-20.10%	-62.89%	19.41%
Profit (Net Income) Margin	23.12%	5.70%	9.58%	5.70%	23.27%	-15.93%	-8.94%	-36.76%	-51.71%	-23.48%
Tax Burden Percent	89.18%	91.34%	316.13%	87.97%	112.52%	70.59%	32.01%	182.88%	82.22%	85.08%
Interest Burden Percent	100.00%	30.90%	100.00%	45.66%	100.00%	72.39%	100.00%	100.00%	100.00%	-142.17%
Effective Tax Rate	10.82%	8.66%	-216.13%	12.03%	-12.52%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	13.03%	28.23%	2.57%	6.83%	5.55%	-10.80%	-12.41%	-9.75%	-23.30%	10.88%
ROIC Less NNEP Spread (ROIC-NNEP)	13.79%	20.94%	3.51%	5.62%	8.29%	-10.15%	-10.44%	-12.36%	-24.51%	5.46%
Return on Net Nonoperating Assets (RNNOA)	30.14%	77.09%	15.06%	27.51%	35.73%	-52.25%	-52.93%	-81.88%	-186.66%	58.91%
Return on Equity (ROE)	43.16%	105.32%	17.63%	34.33%	41.28%	-63.04%	-65.35%	-91.63%	-209.96%	69.79%
Cash Return on Invested Capital (CROIC)	-4.08%	-11.55%	-17.51%	-17.06%	-20.76%	-29.24%	-10.06%	-6.40%	-4.43%	2.89%
Operating Return on Assets (OROA)	10.80%	8.30%	1.21%	5.32%	8.07%	-12.41%	-10.93%	-7.31%	-23.82%	7.57%
Return on Assets (ROA)	9.63%	2.34%	3.82%	2.14%	9.08%	-6.34%	-3.50%	-13.36%	-19.59%	-9.16%
Return on Common Equity (ROCE)	36.08%	105.32%	17.63%	34.33%	41.28%	-63.04%	-65.35%	-91.63%	-209.96%	69.79%
Return on Equity Simple (ROE_SIMPLE)	60.85%	0.00%	65.93%	36.21%	31.86%	0.00%	8.32%	-39.33%	-401.03%	0.00%
Net Operating Profit after Tax (NOPAT)	507	870	85	303	266	-444	-466	-450	-1,145	469
NOPAT Margin	20.29%	42.77%	4.17%	12.42%	9.82%	-20.32%	-22.38%	-19.13%	-44.46%	22.99%
Net Nonoperating Expense Percent (NNEP)	-0.77%	7.29%	-0.94%	1.20%	-2.74%	-0.65%	-1.97%	2.61%	1.20%	5.42%
Return On Investment Capital (ROIC_SIMPLE)	-	5.27%	-	-	-	-2.07%	-	-	-	2.45%
Cost of Revenue to Revenue	51.36%	-121.92%	59.65%	0.00%	55.46%	125.23%	65.67%	61.20%	57.07%	-209.61%
SG&A Expenses to Revenue	9.86%	10.86%	10.80%	11.69%	7.73%	11.31%	7.79%	10.33%	7.34%	11.03%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.88%	175.09%	39.03%	85.88%	35.81%	3.80%	66.30%	66.13%	106.44%	276.76%
Earnings before Interest and Taxes (EBIT)	647	411	62	346	559	-681	-581	-473	-1,620	396
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	696	463	111	393	607	-615	-531	-417	-1,565	448
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.12	1.94	1.89	2.04	1.12	1.03	0.86	0.55	1.49	7.34
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.68	0.59	0.59	0.64	0.41	0.34	0.26	0.12	0.11	0.12
Price to Earnings (P/E)	3.42	2.50	2.87	5.64	3.53	5.19	10.30	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	29.25%	40.06%	34.82%	17.73%	28.32%	19.26%	9.71%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.22	1.17	1.15	1.16	1.02	1.01	0.98	0.95	1.02	1.05
Enterprise Value to Revenue (EV/Rev)	2.03	2.02	2.10	2.35	2.04	2.17	1.83	1.87	1.86	2.10
Enterprise Value to EBITDA (EV/EBITDA)	9.10	5.92	8.89	15.88	15.06	40.92	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	10.16	6.33	9.82	18.63	17.88	70.97	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	13.21	7.53	17.09	23.89	29.94	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	6.10	6.93	7.57	9.35	8.58	8.20	7.54	7.49	7.19	8.55
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	34.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.74	5.24	5.32	5.84	4.72	5.92	5.60	8.87	24.90	124.35
Long-Term Debt to Equity	4.74	5.24	5.32	5.84	4.72	5.92	5.60	8.87	24.90	124.35
Financial Leverage	2.18	3.68	4.29	4.89	4.31	5.15	5.07	6.62	7.62	10.78
Leverage Ratio	4.91	7.52	8.16	8.65	7.68	8.21	8.60	10.69	11.92	14.30
Compound Leverage Factor	4.91	2.32	8.16	3.95	7.68	5.94	8.60	10.69	11.92	-20.33
Debt to Total Capital	82.57%	83.98%	84.18%	85.37%	82.53%	85.55%	84.85%	89.87%	96.14%	99.20%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	82.57%	83.98%	84.18%	85.37%	82.53%	85.55%	84.85%	89.87%	96.14%	99.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	17.43%	16.02%	15.82%	14.63%	17.47%	14.45%	15.15%	10.13%	3.86%	0.80%
Debt to EBITDA	6.83	4.66	6.99	12.41	12.85	36.90	-107.84	-18.17	-5.42	-9.21
Net Debt to EBITDA	6.04	4.19	6.41	11.54	12.00	34.47	-101.36	-17.13	-5.13	-8.66
Long-Term Debt to EBITDA	6.83	4.66	6.99	12.41	12.85	36.90	-107.84	-18.17	-5.42	-9.21
Debt to NOPAT	9.91	5.93	13.44	18.67	25.54	-314.75	-40.38	-16.07	-7.09	-11.95
Net Debt to NOPAT	8.76	5.33	12.31	17.36	23.85	-294.01	-37.96	-15.15	-6.71	-11.24
Long-Term Debt to NOPAT	9.91	5.93	13.44	18.67	25.54	-314.75	-40.38	-16.07	-7.09	-11.95
Altman Z-Score	0.76	0.69	0.61	0.62	0.65	0.47	0.43	0.35	0.14	0.41
Noncontrolling Interest Sharing Ratio	16.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.23	2.26	1.98	1.83	1.96	1.82	1.44	1.57	1.76	1.64
Quick Ratio	1.31	1.22	1.07	1.04	1.19	1.14	0.83	0.95	1.02	0.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,360	-2,987	-3,549	-3,382	-3,752	-5,544	-1,781	-540	470	2,614
Operating Cash Flow to CapEx	419.82%	36.50%	37.77%	22.23%	222.19%	0.00%	52.78%	26.30%	183.57%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-17.99	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	2.64	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	-9.25	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.42	0.41	0.40	0.37	0.39	0.40	0.39	0.36	0.38	0.39
Accounts Receivable Turnover	8.85	10.03	9.73	7.95	7.50	8.66	8.37	7.28	6.69	7.55
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.36	0.80	0.71	0.63	0.67	0.69	0.66	0.60	0.64	0.68
Accounts Payable Turnover	7.80	0.00	8.64	6.06	7.19	8.03	6.04	7.30	9.92	0.00
Days Sales Outstanding (DSO)	41.24	36.39	37.51	45.89	48.68	42.16	43.61	50.11	54.53	48.32
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	46.82	0.00	42.23	60.23	50.77	45.43	60.42	50.03	36.81	0.00
Cash Conversion Cycle (CCC)	-5.58	36.39	-4.71	-14.34	-2.09	-3.27	-16.81	0.08	17.73	48.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	14,329	15,090	16,296	18,243	18,347	20,190	17,611	18,333	16,732	18,045
Invested Capital Turnover	0.64	0.66	0.62	0.55	0.56	0.53	0.55	0.51	0.52	0.47
Increase / (Decrease) in Invested Capital	1,867	3,857	3,634	3,685	4,018	5,100	1,315	90	-1,615	-2,145
Enterprise Value (EV)	17,434	17,585	18,774	21,201	18,770	20,296	17,209	17,455	17,062	19,014
Market Capitalization	5,866	5,140	5,252	5,797	3,813	3,198	2,410	1,080	1,011	1,122
Book Value per Share	$7.66	$7.92	$8.60	$9.01	$10.89	$10.05	$9.22	$6.40	$2.22	$0.50
Tangible Book Value per Share	($3.23)	($3.85)	($3.57)	($3.45)	($1.72)	($2.65)	($3.59)	($6.36)	($10.49)	($12.20)
Total Capital	15,837	16,508	17,538	19,409	19,403	21,396	18,556	19,327	17,637	19,178
Total Debt	13,076	13,863	14,764	16,570	16,013	18,304	15,744	17,369	16,956	19,025
Total Long-Term Debt	13,076	13,863	14,764	16,570	16,013	18,304	15,744	17,369	16,956	19,025
Net Debt	11,568	12,445	13,522	15,404	14,957	17,098	14,799	16,375	16,051	17,892
Capital Expenditures (CapEx)	222	759	1,488	2,236	383	-84	701	2,076	487	-336
Debt-free, Cash-free Net Working Capital (DFCFNWC)	418	561	368	417	556	199	-53	95	467	125
Debt-free Net Working Capital (DFNWC)	1,926	1,979	1,610	1,583	1,612	1,405	892	1,089	1,372	1,258
Net Working Capital (NWC)	1,926	1,979	1,610	1,583	1,612	1,405	892	1,089	1,372	1,258
Net Nonoperating Expense (NNE)	-70	754	-111	164	-363	-96	-280	415	187	948
Net Nonoperating Obligations (NNO)	11,568	12,445	13,522	15,404	14,957	17,098	14,799	16,375	16,051	17,892
Total Depreciation and Amortization (D&A)	49	52	49	47	48	66	50	56	55	52
Debt-free, Cash-free Net Working Capital to Revenue	4.86%	6.46%	4.12%	4.63%	6.03%	2.12%	-0.56%	1.02%	5.08%	1.38%
Debt-free Net Working Capital to Revenue	22.40%	22.79%	18.05%	17.56%	17.48%	14.99%	9.49%	11.68%	14.92%	13.90%
Net Working Capital to Revenue	22.40%	22.79%	18.05%	17.56%	17.48%	14.99%	9.49%	11.68%	14.92%	13.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.62	$0.46	$0.61	$0.44	$2.02	($1.10)	($0.61)	($2.82)	($4.34)	($1.57)
Adjusted Weighted Average Basic Shares Outstanding	355M	379M	321M	314M	311M	313M	305M	306M	307M	306M
Adjusted Diluted Earnings per Share	$1.33	$0.08	$0.61	$0.44	$0.92	($0.58)	($0.61)	($2.82)	($4.34)	($1.57)
Adjusted Weighted Average Diluted Shares Outstanding	379M	403M	323M	315M	327M	326M	305M	306M	307M	306M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	333.95M	322.41M	315.24M	311.26M	307.81M	305.30M	305.81M	306.51M	306.69M	306.83M
Normalized Net Operating Profit after Tax (NOPAT)	507	870	19	303	165	-444	-466	-450	-210	469
Normalized NOPAT Margin	20.29%	42.77%	0.92%	12.42%	6.11%	-20.32%	-22.38%	-19.13%	-8.15%	22.99%
Pre Tax Income Margin	25.92%	6.24%	3.03%	6.48%	20.68%	-22.57%	-27.93%	-20.10%	-62.89%	-27.60%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	1.84	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	1.61	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-10.05	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-10.28	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	167.02%	119.52%	99.13%	100.78%	53.80%	51.14%	84.19%	-12.08%	-1.57%	0.00%

Frequently Asked Questions About Hertz Global's Financials

When does Hertz Global's financial year end?

According to the most recent income statement we have on file, Hertz Global's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Hertz Global's net income changed over the last 10 years?

Hertz Global's net income appears to be on an upward trend, with a most recent value of -$2.86 billion in 2024, rising from -$82 million in 2014. The previous period was $616 million in 2023.

What is Hertz Global's operating income?

Hertz Global's total operating income in 2024 was -$2.27 billion, based on the following breakdown:

Total Gross Profit: $9.05 billion
Total Operating Expenses: $11.32 billion

How has Hertz Global revenue changed over the last 10 years?

Over the last 10 years, Hertz Global's total revenue changed from $9.48 billion in 2014 to $9.05 billion in 2024, a change of -4.5%.

How much debt does Hertz Global have?

Hertz Global's total liabilities were at $21.65 billion at the end of 2024, a 0.6% increase from 2023, and a 0.7% increase since 2015.

How much cash does Hertz Global have?

In the past 9 years, Hertz Global's cash and equivalents has ranged from $474 million in 2015 to $2.26 billion in 2021, and is currently $592 million as of their latest financial filing in 2024.

How has Hertz Global's book value per share changed over the last 10 years?

Over the last 10 years, Hertz Global's book value per share changed from 0.00 in 2014 to 0.50 in 2024, a change of 49.9%.

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This page (OTCMKTS:HTZZ) was last updated on 4/28/2025 by MarketBeat.com Staff

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Hertz Global (HTZZ) Financials

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