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Herc (HRI) Revenue & Revenue Breakdown

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Herc Revenue Highlights

Latest Revenue (Y)

$3.28B

Latest Revenue (Q)

$965.00M

Main Segment (Y)

Equipment Rental

Main Geography (Y)

UNITED STATES

Herc Revenue by Period

Herc Revenue by Year

DateRevenueChange
2023-12-31$3.28B19.83%
2022-12-31$2.74B32.11%
2021-12-31$2.07B16.38%
2020-12-31$1.78B-10.89%
2019-12-31$2.00B1.13%
2018-12-31$1.98B12.66%
2017-12-31$1.75B12.84%
2016-12-31$1.55B-7.35%
2015-12-31$1.68B-5.21%
2014-12-31$1.77B2.01%
2013-12-31$1.74B7.92%
2012-12-31$1.61B-99.98%
2011-12-31$8.30T9.73%
2010-12-31$7.56T6.49%
2009-12-31$7.10T-16.70%
2008-12-31$8.53T-1.85%
2007-12-31$8.69T7.78%
2006-12-31$8.06T-

Herc generated $3.28B in revenue during NA 2023, up 19.83% compared to the previous quarter, and up 166.03% compared to the same period a year ago.

Herc Revenue by Quarter

DateRevenueChange
2024-09-30$965.00M13.80%
2024-06-30$848.00M5.47%
2024-03-31$804.00M-3.37%
2023-12-31$832.00M-8.37%
2023-09-30$908.00M13.22%
2023-06-30$802.00M8.38%
2023-03-31$740.00M-5.85%
2022-12-31$786.00M5.49%
2022-09-30$745.10M16.35%
2022-06-30$640.40M12.89%
2022-03-31$567.30M-1.85%
2021-12-31$578.00M5.01%
2021-09-30$550.40M12.12%
2021-06-30$490.90M8.18%
2021-03-31$453.80M-12.80%
2020-12-31$520.40M13.95%
2020-09-30$456.70M24.10%
2020-06-30$368.00M-15.64%
2020-03-31$436.20M-19.24%
2019-12-31$540.10M6.30%
2019-09-30$508.10M6.95%
2019-06-30$475.10M-0.13%
2019-03-31$475.70M-12.51%
2018-12-31$543.70M5.33%
2018-09-30$516.20M6.32%
2018-06-30$485.50M12.57%
2018-03-31$431.30M-12.28%
2017-12-31$491.70M7.45%
2017-09-30$457.60M10.05%
2017-06-30$415.80M6.78%
2017-03-31$389.40M-3.90%
2016-12-31$405.20M0.40%
2016-09-30$403.60M6.10%
2016-06-30$380.40M4.05%
2016-03-31$365.60M-13.45%
2015-12-31$422.40M-2.18%
2015-09-30$431.80M2.15%
2015-06-30$422.70M5.33%
2015-03-31$401.30M-16.67%
2014-12-31$481.60M-

Herc generated $965.00M in revenue during Q3 2024, up 13.80% compared to the previous quarter, and up 120.32% compared to the same period a year ago.

Herc Revenue Breakdown

Herc Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Equipment Rental$2.87B$2.55B$1.91B$1.54B$1.70B
Service and Other Revenue$28.00M$25.80M$19.50M$10.90M$10.40M
Sales of Revenue Earning Equipment$346.00M$125.70M$113.10M$198.50M$242.80M
Other Rental Revenue$293.00M----
New Equipment, Parts and Supplies$38.00M$35.80M$30.10M$28.20M$44.00M

Herc's latest annual revenue breakdown by segment (product or service), as of Dec 23: Equipment Rental (80.28%), Sales of Revenue Earning Equipment (9.68%), Other Rental Revenue (8.20%), New Equipment, Parts and Supplies (1.06%), and Service and Other Revenue (0.78%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Equipment Rental$866.00M$765.00M$719.00M$749.00M$765.00M$702.00M$654.00M$713.10M$706.20M$605.40M$526.80M$542.40M$519.60M$448.00M$400.40M$427.30M$402.30M$327.60M$386.50M$457.00M
Service and Other Revenue$9.00M$8.00M$7.00M$6.00M$8.00M$7.00M$7.00M$7.00M$7.40M$6.30M$5.10M$6.00M$5.60M$4.80M$3.10M$3.30M$2.90M$2.00M$2.70M$2.20M
Sales of Revenue Earning Equipment$81.00M$65.00M$69.00M$68.00M$124.00M$83.00M$71.00M$57.20M$21.50M$19.30M$27.70M$22.00M$16.60M$30.30M$44.20M$81.80M$45.30M$31.40M$40.00M$71.00M
Other Rental Revenue$89.00M$80.00M$71.00M-----------------
New Equipment, Parts and Supplies$9.00M$10.00M$9.00M$9.00M$11.00M$10.00M$8.00M$8.70M$10.00M$9.40M$7.70M$7.60M$8.60M$7.80M$6.10M$8.00M$6.20M$7.00M$7.00M$9.90M

Herc's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Equipment Rental (82.16%), Other Rental Revenue (8.44%), Sales of Revenue Earning Equipment (7.69%), Service and Other Revenue (0.85%), and New Equipment, Parts and Supplies (0.85%).

Herc Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
Non-US$263.00M$240.20M$166.40M$156.90M$202.40M
UNITED STATES$3.02B$2.50B$1.91B$1.62B$1.80B

Herc's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (91.99%), and Non-US (8.01%).

Herc Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
HRIHerc$3.28B$965.00M
AANAaron's Company$2.69B$625.96M
ALAir Lease$2.68B$690.16M
PRGPROG$2.41B$582.55M
ALTGAlta Equipment Group$1.88B$448.80M
CTOSCustom Truck One Source$1.87B$447.22K
HEESH&E Equipment Services$1.47B$384.86M
GATXGATX$1.41B$405.40M
MGRCMcGrath RentCorp$831.84M$266.76M

HRI Revenue FAQ

What is Herc’s yearly revenue?

Herc's yearly revenue for 2023 was $3.28B, representing an increase of 19.83% compared to 2022. The company's yearly revenue for 2022 was $2.74B, representing an increase of 32.11% compared to 2021. HRI's yearly revenue for 2021 was $2.07B, representing an increase of 16.38% compared to 2020.

What is Herc’s quarterly revenue?

Herc's quarterly revenue for Q3 2024 was $965M, a 13.80% increase from the previous quarter (Q2 2024), and a 6.28% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $848M, a 5.47% increase from the previous quarter (Q1 2024), and a 5.74% increase year-over-year (Q2 2023). HRI's quarterly revenue for Q1 2024 was $804M, a -3.37% decrease from the previous quarter (Q4 2023), and a 8.65% increase year-over-year (Q1 2023).

What is Herc’s revenue growth rate?

Herc's revenue growth rate for the last 3 years (2021-2023) was 58.31%, and for the last 5 years (2019-2023) was 64.18%.

What are Herc’s revenue streams?

Herc's revenue streams in c 23 are Equipment Rental, Service and Other Revenue, Sales of Revenue Earning Equipment, Other Rental Revenue, and New Equipment, Parts and Supplies. Equipment Rental generated $2.87B in revenue, accounting 80.28% of the company's total revenue, up 12.48% year-over-year. Service and Other Revenue generated $28M in revenue, accounting 0.78% of the company's total revenue, up 8.53% year-over-year. Sales of Revenue Earning Equipment generated $346M in revenue, accounting 9.68% of the company's total revenue, up 175.26% year-over-year. Other Rental Revenue generated $293M in revenue, accounting 8.20% of the company's total revenue New Equipment, Parts and Supplies generated $38M in revenue, accounting 1.06% of the company's total revenue, up 6.15% year-over-year.

What is Herc’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Herc was Equipment Rental. This segment made a revenue of $2.87B, representing 80.28% of the company's total revenue.