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Side-by-side financial comparison of HERC HOLDINGS INC (HRI) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.

Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $30.1M, roughly 1.6× HERC HOLDINGS INC). Quipt Home Medical Corp. runs the higher net margin — -2.1% vs -331.7%, a 329.5% gap on every dollar of revenue. On growth, HERC HOLDINGS INC posted the faster year-over-year revenue change (629.3% vs 32.3%). Quipt Home Medical Corp. produced more free cash flow last quarter ($6.9M vs $-14.3M).

Herc Holdings Inc. is a leading North American equipment rental service provider. It offers rental assets including heavy construction machinery, power tools, temporary power and climate control systems, serving clients across construction, industrial, events, infrastructure and government segments, with operations across the U.S. and Canada.

Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.

HRI vs QIPT — Head-to-Head

Bigger by revenue
QIPT
QIPT
1.6× larger
QIPT
$49.0M
$30.1M
HRI
Growing faster (revenue YoY)
HRI
HRI
+597.0% gap
HRI
629.3%
32.3%
QIPT
Higher net margin
QIPT
QIPT
329.5% more per $
QIPT
-2.1%
-331.7%
HRI
More free cash flow
QIPT
QIPT
$21.2M more FCF
QIPT
$6.9M
$-14.3M
HRI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HRI
HRI
QIPT
QIPT
Revenue
$30.1M
$49.0M
Net Profit
$-99.9M
$-1.1M
Gross Margin
42.3%
53.5%
Operating Margin
-77.4%
2.1%
Net Margin
-331.7%
-2.1%
Revenue YoY
629.3%
32.3%
Net Profit YoY
-866.2%
2.9%
EPS (diluted)
$-0.36
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HRI
HRI
QIPT
QIPT
Q4 25
$30.1M
$49.0M
Q3 25
$10.1M
$39.8M
Q2 25
$6.3M
$35.1M
Q1 25
$4.2M
$33.3M
Q4 24
$4.1M
$37.1M
Q4 23
$5.0M
Q2 23
$5.5M
Net Profit
HRI
HRI
QIPT
QIPT
Q4 25
$-99.9M
$-1.1M
Q3 25
$-7.5M
$-3.5M
Q2 25
$-10.8M
$-3.0M
Q1 25
$-14.1M
$-3.0M
Q4 24
$-10.3M
$-1.1M
Q4 23
$-14.1M
Q2 23
$-9.0M
Gross Margin
HRI
HRI
QIPT
QIPT
Q4 25
42.3%
53.5%
Q3 25
25.8%
48.7%
Q2 25
53.1%
57.6%
Q1 25
35.0%
54.6%
Q4 24
21.4%
52.1%
Q4 23
34.8%
Q2 23
56.2%
Operating Margin
HRI
HRI
QIPT
QIPT
Q4 25
-77.4%
2.1%
Q3 25
-153.5%
-3.6%
Q2 25
-147.4%
-5.2%
Q1 25
-242.7%
-3.0%
Q4 24
-206.3%
1.2%
Q4 23
-254.9%
Q2 23
-155.4%
Net Margin
HRI
HRI
QIPT
QIPT
Q4 25
-331.7%
-2.1%
Q3 25
-74.1%
-8.9%
Q2 25
-171.4%
-8.6%
Q1 25
-332.8%
-9.1%
Q4 24
-250.3%
-2.9%
Q4 23
-285.0%
Q2 23
-163.8%
EPS (diluted)
HRI
HRI
QIPT
QIPT
Q4 25
$-0.36
$-0.02
Q3 25
$-0.03
$-0.07
Q2 25
$-0.08
$-0.07
Q1 25
$-0.15
$-0.07
Q4 24
$-0.15
$-0.03
Q4 23
$-0.25
Q2 23
$-0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HRI
HRI
QIPT
QIPT
Cash + ST InvestmentsLiquidity on hand
$550.7M
$10.5M
Total DebtLower is stronger
$84.0M
Stockholders' EquityBook value
$437.8M
$113.0M
Total Assets
$1.1B
$280.7M
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HRI
HRI
QIPT
QIPT
Q4 25
$550.7M
$10.5M
Q3 25
$432.8M
$12.9M
Q2 25
$67.6M
$11.3M
Q1 25
$17.1M
Q4 24
$30.0M
$15.5M
Q4 23
Q2 23
$3.1M
Total Debt
HRI
HRI
QIPT
QIPT
Q4 25
$84.0M
Q3 25
$87.6M
Q2 25
$66.0M
Q1 25
$71.5M
Q4 24
$300.0K
$70.6M
Q4 23
Q2 23
Stockholders' Equity
HRI
HRI
QIPT
QIPT
Q4 25
$437.8M
$113.0M
Q3 25
$486.1M
$112.1M
Q2 25
$90.8M
$102.5M
Q1 25
$26.1M
$103.6M
Q4 24
$16.6M
$106.3M
Q4 23
$33.1M
Q2 23
$49.5M
Total Assets
HRI
HRI
QIPT
QIPT
Q4 25
$1.1B
$280.7M
Q3 25
$550.2M
$283.3M
Q2 25
$152.0M
$236.1M
Q1 25
$104.6M
$244.6M
Q4 24
$109.6M
$242.8M
Q4 23
$92.2M
Q2 23
$84.6M
Debt / Equity
HRI
HRI
QIPT
QIPT
Q4 25
0.74×
Q3 25
0.78×
Q2 25
0.64×
Q1 25
0.69×
Q4 24
0.02×
0.66×
Q4 23
Q2 23

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HRI
HRI
QIPT
QIPT
Operating Cash FlowLast quarter
$-12.7M
$8.9M
Free Cash FlowOCF − Capex
$-14.3M
$6.9M
FCF MarginFCF / Revenue
-47.6%
14.0%
Capex IntensityCapex / Revenue
5.3%
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-40.8M
$26.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HRI
HRI
QIPT
QIPT
Q4 25
$-12.7M
$8.9M
Q3 25
$-11.0M
$9.8M
Q2 25
$-8.4M
$9.7M
Q1 25
$-6.7M
$8.9M
Q4 24
$-8.1M
$9.3M
Q4 23
$-5.9M
Q2 23
$-9.0M
Free Cash Flow
HRI
HRI
QIPT
QIPT
Q4 25
$-14.3M
$6.9M
Q3 25
$-11.1M
$8.0M
Q2 25
$-8.5M
$4.4M
Q1 25
$-6.8M
$7.3M
Q4 24
$-8.1M
$5.6M
Q4 23
$-6.0M
Q2 23
$-9.1M
FCF Margin
HRI
HRI
QIPT
QIPT
Q4 25
-47.6%
14.0%
Q3 25
-110.2%
20.0%
Q2 25
-135.5%
12.6%
Q1 25
-160.8%
22.0%
Q4 24
-197.1%
15.2%
Q4 23
-121.5%
Q2 23
-166.4%
Capex Intensity
HRI
HRI
QIPT
QIPT
Q4 25
5.3%
4.2%
Q3 25
1.7%
4.6%
Q2 25
1.5%
14.9%
Q1 25
4.0%
4.8%
Q4 24
0.7%
9.9%
Q4 23
2.3%
Q2 23
1.3%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HRI
HRI

Sales Of New Equipment$9.0M30%
Sales Of Parts And Supplies$8.0M27%
Other$7.1M24%
Serviceand Other Revenue$6.0M20%

QIPT
QIPT

Segment breakdown not available.

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