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- Hertz
Hertz Valuation Multiples
Discover revenue and EBITDA valuation multiples for Hertz and similar public comparables like QNB Finans Leasing, Fuyo General Lease, China Development Bank, Region Group and more.
Hertz Overview
About Hertz
Hertz Global Holdings Inc is engaged principally in the business of renting vehicles through Hertz, Dollar and Thrifty brands. The Company has identified two reportable segments: Americas RAC: Rental of vehicles, as well as sales of vehicles and value-added services, in the U.S., Canada, Latin America and the Caribbean; International RAC: Rental of vehicles, as well as sales of vehicles and value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean. The Company maintain a substantial network of company-operated rental locations, a majority of which are in Europe, and have franchisees and partners that operate rental locations under brands. Geographical markets includes U.S., Europe, Pacific Asia, Middle East and Africa, Latin America.
Founded
2015
HQ

Employees
26.0K
Website
Sectors
Financials (LTM)
EV
$21B
Hertz Financials
Hertz reported last 12-month revenue of $9B and negative EBITDA of ($151M).
In the same LTM period, Hertz generated $2B in gross profit, ($151M) in EBITDA losses, and had net loss of ($531M).
Revenue (LTM)
Hertz P&L
In the most recent fiscal year, Hertz reported revenue of $9B and EBITDA of $3B.
Hertz expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $9B | XXX | $9B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $971M | XXX | XXX | XXX |
| Gross Margin | 27% | XXX | 11% | XXX | XXX | XXX |
| EBITDA | ($151M) | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | (2%) | XXX | 30% | XXX | XXX | XXX |
| EBIT Margin | 4% | XXX | 1% | XXX | XXX | XXX |
| Net Profit | ($531M) | XXX | ($659M) | XXX | XXX | XXX |
| Net Margin | (6%) | XXX | (8%) | XXX | XXX | XXX |
| Net Debt | — | — | $16B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Hertz Stock Performance
Hertz has current market cap of $2B, and enterprise value of $21B.
Market Cap Evolution
Hertz's stock price is $7.42.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $21B | $2B | 0.0% | XXX | XXX | XXX | $-2.09 |
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Start Free TrialHertz Valuation Multiples
Hertz trades at 2.5x EV/Revenue multiple, and (140.0x) EV/EBITDA.
EV / Revenue (LTM)
Hertz Financial Valuation Multiples
As of April 19, 2026, Hertz has market cap of $2B and EV of $21B.
Equity research analysts estimate Hertz's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hertz has a P/E ratio of (4.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $21B | XXX | $21B | XXX | XXX | XXX |
| EV/Revenue | 2.5x | XXX | 2.5x | XXX | XXX | XXX |
| EV/EBITDA | (140.0x) | XXX | 8.4x | XXX | XXX | XXX |
| EV/EBIT | 67.2x | XXX | 189.5x | XXX | XXX | XXX |
| EV/Gross Profit | 8.9x | XXX | 21.7x | XXX | XXX | XXX |
| P/E | (4.4x) | XXX | (3.5x) | XXX | XXX | XXX |
| EV/FCF | 43.1x | XXX | (53.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Hertz Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Hertz Margins & Growth Rates
Hertz's revenue in the last 12 month grew by 4%.
Hertz's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.4M for the same period.
Hertz's rule of 40 is 7% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Hertz's rule of X is 14% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Hertz Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | (2%) | XXX | 30% | XXX | XXX | XXX |
| EBITDA Growth | (373%) | XXX | (88%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 7% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 14% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex to Revenue | 109% | XXX | 110% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Hertz Public Comps
See public comps and valuation multiples for other Leasing & Rental Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Hertz | XXX | XXX | XXX | XXX | XXX | XXX |
| QNB Finans Leasing | XXX | XXX | XXX | XXX | XXX | XXX |
| Fuyo General Lease | XXX | XXX | XXX | XXX | XXX | XXX |
| China Development Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Region Group | XXX | XXX | XXX | XXX | XXX | XXX |
| McGrath RentCorp | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Hertz M&A Activity
Hertz acquired XXX companies to date.
Last acquisition by Hertz was on XXXXXXXX, XXXXX. Hertz acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Hertz
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialHertz Investment Activity
Hertz invested in XXX companies to date.
Hertz made its latest investment on XXXXXXXX, XXXXX. Hertz invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Hertz
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Hertz
| When was Hertz founded? | Hertz was founded in 2015. |
| Where is Hertz headquartered? | Hertz is headquartered in United States. |
| How many employees does Hertz have? | As of today, Hertz has over 26K employees. |
| Who is the CEO of Hertz? | Hertz's CEO is Wayne West. |
| Is Hertz publicly listed? | Yes, Hertz is a public company listed on Nasdaq. |
| What is the stock symbol of Hertz? | Hertz trades under HTZ ticker. |
| When did Hertz go public? | Hertz went public in 2021. |
| Who are competitors of Hertz? | Hertz main competitors are QNB Finans Leasing, Fuyo General Lease, China Development Bank, Region Group. |
| What is the current market cap of Hertz? | Hertz's current market cap is $2B. |
| What is the current revenue of Hertz? | Hertz's last 12 months revenue is $9B. |
| What is the current revenue growth of Hertz? | Hertz revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Hertz? | Current revenue multiple of Hertz is 2.5x. |
| Is Hertz profitable? | No, Hertz is not profitable. |
| What is the current EBITDA of Hertz? | Hertz has negative EBITDA and is not profitable. |
| What is Hertz's EBITDA margin? | Hertz's last 12 months EBITDA margin is (2%). |
| What is the current EV/EBITDA multiple of Hertz? | Current EBITDA multiple of Hertz is (140.0x). |
| What is the current FCF of Hertz? | Hertz's last 12 months FCF is $490M. |
| What is Hertz's FCF margin? | Hertz's last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of Hertz? | Current FCF multiple of Hertz is 43.1x. |
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