AI-extracted from the 10-Q filed 2026-07-28 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue rose 20% YoY to $1,204M on the H&E acquisition and mega-project rental growth, but direct operating costs and interest expense grew faster, though net income still swung to $19M from a $35M loss a year ago.
Biggest Revenue Drivers
Equipment rental$1,072M+23% YoY
Primarily reflects additional contribution from the H&E acquisition completed June 2, 2025 and growth in average OEC on rent, particularly on mega projects.
Sales of rental equipment$110M+4% YoY
Continued improvement of equipment mix and utilization; margin rose to 22% from 19% on favorable sales channel mix.
Biggest Revenue Drivers
Total revenue: $1,204M+20% YoY
Equipment rental$1,072M+23% YoY
Primarily reflects additional contribution from the H&E acquisition completed June 2, 2025 and growth in average OEC on rent, particularly on mega projects.
Sales of rental equipment$110M+4% YoY
Continued improvement of equipment mix and utilization; margin rose to 22% from 19% on favorable sales channel mix.
Sales of new equipment, parts and supplies$12M-29% YoY
Service and other revenue$10M+11% YoY
Largest Expense Items
Direct operating$491M+30% YoY
Impact of H&E acquisition and related greenfields still maturing; delivery expense +$19M, fuel +$18M, maintenance +$13M, facilities +$12M.
Depreciation of rental equipment$242M+24% YoY
Increase in average fleet size primarily from the H&E acquisition.
Selling, general and administrative$155M+22% YoY
Held roughly flat as % of rental revenue (14.5% vs 14.6%) on operating leverage and acquisition cost synergies.
Interest expense, net$126M+47% YoY
New debt issued in June 2025 to fund the H&E acquisition.
Margins: Direct operating expenses rose to 45.8% of equipment rental revenue from 43.6% due to H&E integration and immature greenfield sites, while SG&A leverage held roughly flat and rental equipment sales margin improved to 22% from 19%.
Watch Items from the Filing
U.S. revenue was 94.6% of total revenue in Q2 2026 versus 93.5% a year earlier, increasing geographic concentration in a single market.
Interest expense, net rose 47% YoY to $126M and total nominal indebtedness stood at ~$8.0B following debt issued for the H&E acquisition.
Transaction expenses fell 96% YoY to $3M from $73M, suggesting H&E integration costs have largely wound down.
A $49M loss on assets held for sale recorded in Q2 2025 did not recur in Q2 2026, aiding the swing to net income.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Silber Lawrence HarrisChief Executive OfficerShares withheld for tax or exercise price · Feb 7, 2026
Birnbaum AaronPresidentShares withheld for tax or exercise price · Feb 7, 2026
Cunningham Christian JSVP & Chief HR OfficerShares withheld for tax or exercise price · Feb 7, 2026
Sheek Samuel WadeSVP & Chief Legal OfficerShares withheld for tax or exercise price · Feb 7, 2026
Shannon Patrick SDirectorGrant or award · Jan 1, 2026
Congress trading in HRI
3 transactions in HRI reported by 1 member of Congress under the STOCK Act, most recent trade Apr 11, 2025. Reported transactions, not recommendations.
About HERC HOLDINGS INC (HRI): stock profile, AI score and financials
HERC HOLDINGS INC (HRI) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores HRI at 65.2/100 on a composite quality score built from its SEC filings, placing it at rank #489 of 2,925 stocks — the top 25% of the AI-ranked universe. HRI scores in the top quartile across earnings quality (95.1), revenue growth (80.1), institutional flow (78.7). Areas of concern include balance sheet strength (35.5) and profitability (38.1), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), HERC HOLDINGS INC reports quarterly revenue of $1.2B, net income of $19.0M, an operating margin of 2.0%. Top institutional holders of HRI by reported 13-F value include FMR, BlackRock, NORGES BANK, based on the most recent SEC filings. HRI trades on the NYSE exchange and files with the SEC under CIK 1364479. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HRI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HERC HOLDINGS INC directly from SEC EDGAR.