HRI
Herc Holdings Inc.
HRI's outlook is improving despite an expensive valuation.
VRT
Vertiv Holdings Co
VRT has the edge over HRI overall, supported by stronger valuation and stronger modeled upside.
HRI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Weak |
HRI's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is weak.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
HRI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $44.73 | -73% |
| Forward | 16x | $167 | — |
| Fair | 18x | $70.08 | -58% |
| Expensive | 31x | $122 | -27% |
| Current | 43x | $167 | — |
Historical ranges are pointers, not guarantees.
HRI's PE is in its expensive range at 43x. If earnings grow as analysts expect, today's price would be 16x next year's earnings, in its fair range.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over HRI in the historical PE scenario, which offers more potential upside but is not a forecast.
HRI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for HRI, with profitability improving.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
HRI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.66 | +175% |
| Q3 2026 | $3.88 | +$6.41 |
| Q2 2026 | $1.68 | +98% |
| Q1 2026 | -$0.06 | -101% |
| Q4 2025 | $0.03 | -100% |
| Q3 2025 | -$2.53 | -121% |
| Q2 2025 | $0.85 | -93% |
| Q1 2025 | $4.48 | -63% |
| Q4 2024 | $7.40 | -39% |
HRI has returned to profit: it earned $3.88 per share over the past year, after losing money the year before.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over HRI on earnings, with more consistent year-over-year improvement.
HRI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +4.6% |
| Q2 2026 | $1.2B | +20% |
| Q1 2026 | $1.1B | +32% |
| Q4 2025 | $1.2B | +27% |
| Q3 2025 | $1.3B | +35% |
| Q2 2025 | $1B | +18% |
| Q1 2025 | $861M | +7.1% |
| Q4 2024 | $951M | +14% |
HRI's revenue has grown year over year for 23 quarters in a row: $1.4B last quarter, up 4.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.8% | +5.9 points |
| Q2 2026 | 2% | +6.6 points |
| Q1 2026 | -2% | -1.1 points |
| Q4 2025 | 1.4% | +5.9 points |
| Q3 2025 | 2.9% | -14 points |
| Q2 2025 | -4.6% | -16 points |
| Q1 2025 | -0.9% | -11 points |
| Q4 2024 | -4.5% | -30 points |
HRI's operating margin was 8.8% last quarter, up 5.9 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over HRI on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over HRI on profitability, with a higher operating margin.
HRI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $335M | +6.3% |
| Q2 2026 | $273M | +41% |
| Q1 2026 | $236M | +71% |
| Q4 2025 | $281M | -5.4% |
| Q3 2025 | $315M | +13% |
| Q2 2025 | $194M | -30% |
| Q1 2025 | $138M | -34% |
| Q4 2024 | $297M | +800% |
HRI's free cash flow has been positive every quarter for seven years: $1.1B over the past year, up 19% from the year before.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over HRI on cash flow, with more consistent year-over-year improvement.
HRI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.6% | +200K shares |
| 3 years | +18% | +5M shares |
| 5 years | +9.8% | +3M shares |
| Available history | +15% | +4.4M shares |
HRI has 34M diluted shares, up 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | $13M |
| Q3 2023 | — |
| Q2 2023 | $63M |
| Q1 2023 | $44M |
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has the edge over HRI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
HRI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 18.3x | High |
| Q2 2026 | 22.5x | High |
| Q1 2026 | 31.8x | High |
| Q4 2025 | 35.5x | High |
| Q3 2025 | 65.6x | High |
| Q2 2025 | 39.3x | High |
| Q1 2025 | 12.0x | High |
| Q4 2024 | 9.6x | High |
HRI's net debt is about 18 years of its operating earnings (EBITDA), down from more than 20 years a year ago.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over HRI on leverage, with a lower net debt burden relative to earnings.
HRI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.3 | Neutral |
| Stochastic | 73.8 | Neutral |
HRI's weekly RSI is 58 (neutral) and its Stochastic is 74 (neutral).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
HRI PE vs Industrials Sector
| Metric | HRI | Sector median | Relative |
|---|---|---|---|
| PE | 43x | 24x | 78% above |
| PE % | 89 | 58 | 31 pts above |
HRI is trading at 43x earnings, a 78% premium to the Industrials sector's median of 24x.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT has the edge over HRI on valuation relative to its sector.
HRI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $141.4 | 18% above |
| 20 week MA | $147.4 | 13% above |
| 50 week MA | $141.9 | 17% above |
| 100 week MA | $141.5 | 18% above |
| 200 week MA | $142.0 | 17% above |
HRI has the edge over VRT on trend strength, trading above more of its moving averages.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above its 200-week average.
HRI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $49.1 | $66.6 | +35% |
| 2021 | $66.6 | $158.5 | +138% |
| 2022 | $158.5 | $129.5 | -18% |
| 2023 | $129.5 | $148.9 | +15% |
| 2024 | $148.9 | $189.6 | +27% |
| 2025 | $189.6 | $156.5 | -17% |
| 2026 YTD | $156.5 | $166.5 | +6.4% |
HRI has finished higher in four of the last six years. It's up 6.4% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over HRI on returns for 2026, with the stronger performance.