HRIHERC HOLDINGS INC
Services-Miscellaneous Equipment Rental & Leasing
- Revenue
- $862M
- 46% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $5.5B
- Employees
- 2,500
- $345K revenue each
- Net debt / EBITDA
- —
- $7.9B net debt
- AI in 10-K
- 0.1
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo1085× net incomeCash flow under 80% of net income
- Dilutive SBCNo4% of revenueOver 10% of revenue
- Payouts exceed cash flowNo8% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo20% of assetsOver 40% of assets
- Shareholder dissentNo89% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$345K · 31st pctBottom quartile of its SIC industry
- Quiet on AIYes0.1 per 10K words · 11th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$5.5B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$930K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $273M | $358M | $600M | $592M | $862M | 46% |
| Net income | $224M | $330M | $347M | $211M | $1M | 100% |
| Operating cash flow | $743M | $917M | $1.1B | $1.2B | $1.1B | 11% |
| Capex | $47M | $104M | $156M | $161M | $157M | 2.5% |
| Stock-based comp | $23M | $27M | $18M | $17M | $34M | 100% |
| Buybacks | $0 | $115M | $120M | $0 | $0 | |
| Dividends | $15M | $68M | $73M | $77M | $87M | 13% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Jun 4, 2025 | GAMCO INVESTORS, INC. ET AL | SCHEDULE 13D/A | 4.8% | Passive |
| Nov 7, 2024 | GAMCO INVESTORS, INC. ET AL | SC 13D/A | 5.9% | Passive |
| Sep 19, 2024 | GAMCO INVESTORS, INC. ET AL | SC 13D/A | 5.0% | Passive |
| Mar 13, 2023 | ICAHN CARL C | SC 13D/A | 4.7% | Passive |
| Mar 7, 2023 | ICAHN CARL C | SC 13D/A | 5.7% | Passive |
| Feb 24, 2023 | ICAHN CARL C | SC 13D/A | 7.2% | Passive |
| Feb 17, 2023 | ICAHN CARL C | SC 13D/A | 8.4% | Passive |
| Feb 9, 2023 | ICAHN CARL C | SC 13D/A | 10.0% | Passive |
| Jan 30, 2023 | GAMCO INVESTORS, INC. ET AL | SC 13D/A | 8.0% | Passive |
| Jan 27, 2023 | ICAHN CARL C | SC 13D/A | 4.8% | Passive |
Insider trading
- Open-market buys, 12 mo
- $930K · 2
- Open-market sells, 12 mo
- $0 · 0
- Net
- $930K
Pay vs performance
No pay-versus-performance disclosure yet.