Herc Holdings Inc. reported Q4 and FY 2025 financial results, highlighted by the integration of H&E Equipment Services. The Company announced full year 2026 guidance for equipment rental revenue, Adjusted EBITDA, and capital expenditures.
Key takeaways
Full year 2025 total revenues increased 23% to $4,376 million, with equipment rental revenue of $3,770 million.
Q4 2025 Adjusted EBITDA increased 19% to $519 million; full year Adjusted EBITDA was $1,818 million.
The Company announced 2026 guidance for equipment rental revenue of $4.275 billion to $4.4 billion and Adjusted EBITDA of $2.0 billion to $2.1 billion.
Net debt was $8.1 billion as of December 31, 2025, with net leverage of 3.95x.
A quarterly dividend of $0.70 per share was paid on December 26, 2025.
Free cash flow for the full year 2025 was $299 million.