Herc (HRI) Revenue & Revenue Breakdown
Herc Revenue Highlights
Latest Revenue (Y)
$3.28B
Latest Revenue (Q)
$848.00M
Main Segment (Y)
Equipment Rental
Main Geography (Y)
UNITED STATES
Herc Revenue by Period
Herc Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $3.28B | 19.83% |
| 2022-12-31 | $2.74B | 32.11% |
| 2021-12-31 | $2.07B | 16.38% |
| 2020-12-31 | $1.78B | -10.89% |
| 2019-12-31 | $2.00B | 1.13% |
| 2018-12-31 | $1.98B | 12.66% |
| 2017-12-31 | $1.75B | 12.84% |
| 2016-12-31 | $1.55B | -7.35% |
| 2015-12-31 | $1.68B | -5.21% |
| 2014-12-31 | $1.77B | 2.01% |
| 2013-12-31 | $1.74B | 7.92% |
| 2012-12-31 | $1.61B | -99.98% |
| 2011-12-31 | $8.30T | 9.73% |
| 2010-12-31 | $7.56T | 6.49% |
| 2009-12-31 | $7.10T | -16.70% |
| 2008-12-31 | $8.53T | -1.85% |
| 2007-12-31 | $8.69T | 7.78% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $848.00M | 5.47% |
| 2024-03-31 | $804.00M | -3.37% |
| 2023-12-31 | $832.00M | -8.37% |
| 2023-09-30 | $908.00M | 13.22% |
| 2023-06-30 | $802.00M | 8.38% |
| 2023-03-31 | $740.00M | -5.85% |
| 2022-12-31 | $786.00M | 5.49% |
| 2022-09-30 | $745.10M | 16.35% |
| 2022-06-30 | $640.40M | 12.89% |
| 2022-03-31 | $567.30M | -1.85% |
| 2021-12-31 | $578.00M | 5.01% |
| 2021-09-30 | $550.40M | 12.12% |
| 2021-06-30 | $490.90M | 8.18% |
| 2021-03-31 | $453.80M | -12.80% |
| 2020-12-31 | $520.40M | 13.95% |
| 2020-09-30 | $456.70M | 24.10% |
| 2020-06-30 | $368.00M | -15.64% |
| 2020-03-31 | $436.20M | -19.24% |
| 2019-12-31 | $540.10M | 6.30% |
| 2019-09-30 | $508.10M | 6.95% |
| 2019-06-30 | $475.10M | -0.13% |
| 2019-03-31 | $475.70M | -12.51% |
| 2018-12-31 | $543.70M | 5.33% |
| 2018-09-30 | $516.20M | 6.32% |
| 2018-06-30 | $485.50M | 12.57% |
| 2018-03-31 | $431.30M | -12.28% |
| 2017-12-31 | $491.70M | 7.45% |
| 2017-09-30 | $457.60M | 10.05% |
| 2017-06-30 | $415.80M | 6.78% |
| 2017-03-31 | $389.40M | -3.90% |
| 2016-12-31 | $405.20M | 0.40% |
| 2016-09-30 | $403.60M | 6.10% |
| 2016-06-30 | $380.40M | 4.05% |
| 2016-03-31 | $365.60M | -13.45% |
| 2015-12-31 | $422.40M | -2.18% |
| 2015-09-30 | $431.80M | 2.15% |
| 2015-06-30 | $422.70M | 5.33% |
| 2015-03-31 | $401.30M | -16.67% |
| 2014-12-31 | $481.60M | - |
Herc generated $848.00M in revenue during Q2 2024, up 5.47% compared to the previous quarter, and up 114.59% compared to the same period a year ago.
Herc Revenue Breakdown
Herc Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Other Rental Revenue | $293.00M | - | - | - | - |
| 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 |
| New Equipment, Parts and Supplies | $38.00M | $35.80M | $30.10M | $28.20M | $44.00M |
| Equipment Rental | $2.87B | $2.55B | $1.91B | $1.54B | $1.70B |
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/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Service and Other Revenue | $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 | $3.10M |
| Sales of Revenue Earning Equipment | $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 | $35.40M |
| Other Rental Revenue | $80.00M | $71.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| New Equipment, Parts and Supplies | $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 | $10.00M |
| Equipment Rental | $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 | $459.60M |
Herc's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Equipment Rental (82.44%), Other Rental Revenue (8.62%), Sales of Revenue Earning Equipment (7.00%), New Equipment, Parts and Supplies (1.08%), and Service and Other Revenue (0.86%).
Herc Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| UNITED STATES | $3.02B | $2.50B | $1.91B | $1.62B | $1.80B |
| Non-US | $263.00M | $240.20M | $166.40M | $156.90M | $202.40M |
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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| HRI | Herc | $3.28B | $848.00M |
| AAN | Aaron's Company | $2.69B | $625.96M |
| AL | Air Lease | $2.68B | $667.29M |
| PRG | PROG | $2.41B | $570.52M |
| ALTG | Alta Equipment Group | $1.88B | $441.60M |
| CTOS | Custom Truck One Source | $1.87B | $423.01K |
| TRTN | Triton | $1.54B | $384.90M |
| HEES | H&E Equipment Services | $1.47B | $376.28M |
| GATX | GATX | $1.41B | $386.70M |
| MGRC | McGrath RentCorp | $831.84M | $212.61M |
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 Q2 2024 was $848M, a 5.47% increase from the previous quarter (Q1 2024), and a 5.74% increase year-over-year (Q2 2023). The company'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). HRI's quarterly revenue for Q4 2023 was $832M, a -8.37% decrease from the previous quarter (Q3 2023), and a 5.85% increase year-over-year (Q4 2022).
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 Other Rental Revenue, Service and Other Revenue, Sales of Revenue Earning Equipment, New Equipment, Parts and Supplies, and Equipment Rental. Other Rental Revenue generated $293M in revenue, accounting 8.20% of the company's total revenue 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. New Equipment, Parts and Supplies generated $38M in revenue, accounting 1.06% of the company's total revenue, up 6.15% year-over-year. Equipment Rental generated $2.87B in revenue, accounting 80.28% of the company's total revenue, up 12.48% 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.