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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) and Incyte (INCY). Click either name above to swap in a different company.
HERTZ GLOBAL HOLDINGS, INC is the larger business by last-quarter revenue ($2.0B vs $1.3B, roughly 1.6× Incyte). Incyte runs the higher net margin — 23.8% vs -9.6%, a 33.4% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (20.9% vs -0.6%). Over the past eight quarters, Incyte's revenue compounded faster (10.4% CAGR vs -1.3%).
Hertz Global Holdings, Inc., known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental, and Thrifty Car Rental.
Incyte Corporation is an American multinational pharmaceutical company with headquarters in Wilmington, Delaware. The company currently operates manufacturing and R&D locations in North America, Europe, and Asia.
HTZ vs INCY — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.3B |
| Net Profit | $-194.0M | $303.3M |
| Gross Margin | — | — |
| Operating Margin | -11.0% | 23.7% |
| Net Margin | -9.6% | 23.8% |
| Revenue YoY | -0.6% | 20.9% |
| Net Profit YoY | 59.5% | 91.7% |
| EPS (diluted) | $-0.46 | $1.47 |
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.
| Q1 26 | — | $1.3B | ||
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.4B | $1.0B |
| Q1 26 | — | $303.3M | ||
| Q4 25 | $-194.0M | $299.3M | ||
| Q3 25 | $184.0M | $424.2M | ||
| Q2 25 | $-294.0M | $405.0M | ||
| Q1 25 | $-443.0M | $158.2M | ||
| Q4 24 | $-479.0M | $201.2M | ||
| Q3 24 | $-1.3B | $106.5M | ||
| Q2 24 | $-865.0M | $-444.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 92.0% | ||
| Q3 25 | — | 92.8% | ||
| Q2 25 | — | 93.5% | ||
| Q1 25 | — | 93.0% | ||
| Q4 24 | — | 92.5% | ||
| Q3 24 | — | 92.4% | ||
| Q2 24 | — | 92.7% |
| Q1 26 | — | 23.7% | ||
| Q4 25 | -11.0% | 22.3% | ||
| Q3 25 | 9.4% | 32.5% | ||
| Q2 25 | -14.5% | 43.6% | ||
| Q1 25 | -29.0% | 19.5% | ||
| Q4 24 | -27.6% | 25.6% | ||
| Q3 24 | -62.9% | 12.8% | ||
| Q2 24 | -20.1% | -45.8% |
| Q1 26 | — | 23.8% | ||
| Q4 25 | -9.6% | 19.9% | ||
| Q3 25 | 7.4% | 31.1% | ||
| Q2 25 | -13.5% | 33.3% | ||
| Q1 25 | -24.4% | 15.0% | ||
| Q4 24 | -23.5% | 17.1% | ||
| Q3 24 | -51.7% | 9.4% | ||
| Q2 24 | -36.8% | -42.6% |
| Q1 26 | — | $1.47 | ||
| Q4 25 | $-0.46 | $1.46 | ||
| Q3 25 | $0.42 | $2.11 | ||
| Q2 25 | $-0.95 | $2.04 | ||
| Q1 25 | $-1.44 | $0.80 | ||
| Q4 24 | $-1.57 | $0.90 | ||
| Q3 24 | $-4.34 | $0.54 | ||
| Q2 24 | $-2.82 | $-2.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $565.0M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-459.0M | $5.6B |
| Total Assets | $22.3B | $7.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $565.0M | $3.1B | ||
| Q3 25 | $1.1B | $2.5B | ||
| Q2 25 | $503.0M | $2.0B | ||
| Q1 25 | $626.0M | $1.9B | ||
| Q4 24 | $592.0M | $1.7B | ||
| Q3 24 | $501.0M | $1.3B | ||
| Q2 24 | $568.0M | $987.3M |
| Q1 26 | — | $5.6B | ||
| Q4 25 | $-459.0M | $5.2B | ||
| Q3 25 | $-317.0M | $4.7B | ||
| Q2 25 | $-504.0M | $4.2B | ||
| Q1 25 | $-262.0M | $3.7B | ||
| Q4 24 | $153.0M | $3.4B | ||
| Q3 24 | $681.0M | $3.2B | ||
| Q2 24 | $2.0B | $3.0B |
| Q1 26 | — | $7.3B | ||
| Q4 25 | $22.3B | $7.0B | ||
| Q3 25 | $23.0B | $6.3B | ||
| Q2 25 | $23.1B | $5.8B | ||
| Q1 25 | $22.0B | $5.7B | ||
| Q4 24 | $21.8B | $5.4B | ||
| Q3 24 | $23.0B | $5.0B | ||
| Q2 24 | $25.2B | $4.7B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $193.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $193.0M | $543.3M | ||
| Q3 25 | $835.0M | $559.4M | ||
| Q2 25 | $346.0M | $44.7M | ||
| Q1 25 | $251.0M | $266.1M | ||
| Q4 24 | $414.0M | $381.2M | ||
| Q3 24 | $894.0M | $310.9M | ||
| Q2 24 | $546.0M | $-575.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.82× | ||
| Q3 25 | 4.54× | 1.32× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 1.89× | ||
| Q3 24 | — | 2.92× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
