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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) and Kyndryl Holdings, Inc. (KD). Click either name above to swap in a different company.
Kyndryl Holdings, Inc. is the larger business by last-quarter revenue ($3.9B vs $2.0B, roughly 1.9× HERTZ GLOBAL HOLDINGS, INC). Kyndryl Holdings, Inc. runs the higher net margin — 1.5% vs -9.6%, a 11.0% gap on every dollar of revenue. On growth, Kyndryl Holdings, Inc. posted the faster year-over-year revenue change (3.1% vs -0.6%). Over the past eight quarters, Kyndryl Holdings, Inc.'s revenue compounded faster (0.1% 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.
Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider, headquartered in New York City and created from the spin-off of IBM's infrastructure services business in 2021. The company designs, builds, manages and develops large-scale information systems. The company also has business advisory services. It is currently the world's largest IT infrastructure services provider, and the fifth-largest consulting provider.
HTZ vs KD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $3.9B |
| Net Profit | $-194.0M | $57.0M |
| Gross Margin | — | 21.8% |
| Operating Margin | -11.0% | 2.4% |
| Net Margin | -9.6% | 1.5% |
| Revenue YoY | -0.6% | 3.1% |
| Net Profit YoY | 59.5% | -73.5% |
| EPS (diluted) | $-0.46 | $0.25 |
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.
| Q4 25 | $2.0B | $3.9B | ||
| Q3 25 | $2.5B | $3.7B | ||
| Q2 25 | $2.2B | $3.7B | ||
| Q1 25 | $1.8B | $3.8B | ||
| Q4 24 | $2.0B | $3.7B | ||
| Q3 24 | $2.6B | $3.8B | ||
| Q2 24 | $2.4B | $3.7B | ||
| Q1 24 | $2.1B | $3.9B |
| Q4 25 | $-194.0M | $57.0M | ||
| Q3 25 | $184.0M | $68.0M | ||
| Q2 25 | $-294.0M | $56.0M | ||
| Q1 25 | $-443.0M | $69.0M | ||
| Q4 24 | $-479.0M | $215.0M | ||
| Q3 24 | $-1.3B | $-43.0M | ||
| Q2 24 | $-865.0M | $11.0M | ||
| Q1 24 | $-186.0M | $-45.0M |
| Q4 25 | — | 21.8% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 21.3% | ||
| Q1 25 | — | 21.7% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 21.5% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | -11.0% | 2.4% | ||
| Q3 25 | 9.4% | 2.6% | ||
| Q2 25 | -14.5% | 2.5% | ||
| Q1 25 | -29.0% | 3.1% | ||
| Q4 24 | -27.6% | 6.9% | ||
| Q3 24 | -62.9% | -0.1% | ||
| Q2 24 | -20.1% | 1.7% | ||
| Q1 24 | -27.9% | -0.1% |
| Q4 25 | -9.6% | 1.5% | ||
| Q3 25 | 7.4% | 1.8% | ||
| Q2 25 | -13.5% | 1.5% | ||
| Q1 25 | -24.4% | 1.8% | ||
| Q4 24 | -23.5% | 5.7% | ||
| Q3 24 | -51.7% | -1.1% | ||
| Q2 24 | -36.8% | 0.3% | ||
| Q1 24 | -8.9% | -1.2% |
| Q4 25 | $-0.46 | $0.25 | ||
| Q3 25 | $0.42 | $0.29 | ||
| Q2 25 | $-0.95 | $0.23 | ||
| Q1 25 | $-1.44 | $0.30 | ||
| Q4 24 | $-1.57 | $0.89 | ||
| Q3 24 | $-4.34 | $-0.19 | ||
| Q2 24 | $-2.82 | $0.05 | ||
| Q1 24 | $-0.61 | $-0.19 |
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 | $1.3B |
| Total DebtLower is stronger | — | $2.3B |
| Stockholders' EquityBook value | $-459.0M | $1.2B |
| Total Assets | $22.3B | $11.3B |
| Debt / EquityLower = less leverage | — | 1.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $565.0M | $1.3B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $503.0M | $1.5B | ||
| Q1 25 | $626.0M | $1.8B | ||
| Q4 24 | $592.0M | $1.5B | ||
| Q3 24 | $501.0M | $1.3B | ||
| Q2 24 | $568.0M | $1.3B | ||
| Q1 24 | $465.0M | $1.6B |
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $3.1B |
| Q4 25 | $-459.0M | $1.2B | ||
| Q3 25 | $-317.0M | $1.2B | ||
| Q2 25 | $-504.0M | $1.2B | ||
| Q1 25 | $-262.0M | $1.2B | ||
| Q4 24 | $153.0M | $1.1B | ||
| Q3 24 | $681.0M | $1.1B | ||
| Q2 24 | $2.0B | $996.0M | ||
| Q1 24 | $2.8B | $1.0B |
| Q4 25 | $22.3B | $11.3B | ||
| Q3 25 | $23.0B | $11.2B | ||
| Q2 25 | $23.1B | $11.5B | ||
| Q1 25 | $22.0B | $10.5B | ||
| Q4 24 | $21.8B | $9.9B | ||
| Q3 24 | $23.0B | $10.4B | ||
| Q2 24 | $25.2B | $10.2B | ||
| Q1 24 | $24.3B | $10.6B |
| Q4 25 | — | 1.92× | ||
| Q3 25 | — | 2.45× | ||
| Q2 25 | — | 2.44× | ||
| Q1 25 | — | 2.50× | ||
| Q4 24 | — | 2.81× | ||
| Q3 24 | — | 2.92× | ||
| Q2 24 | — | 3.12× | ||
| Q1 24 | — | 3.07× |
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 | $428.0M |
| Free Cash FlowOCF − Capex | — | $208.0M |
| FCF MarginFCF / Revenue | — | 5.4% |
| Capex IntensityCapex / Revenue | — | 5.7% |
| Cash ConversionOCF / Net Profit | — | 7.51× |
| TTM Free Cash FlowTrailing 4 quarters | — | $299.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $193.0M | $428.0M | ||
| Q3 25 | $835.0M | $146.0M | ||
| Q2 25 | $346.0M | $-124.0M | ||
| Q1 25 | $251.0M | $581.0M | ||
| Q4 24 | $414.0M | $260.0M | ||
| Q3 24 | $894.0M | $149.0M | ||
| Q2 24 | $546.0M | $-48.0M | ||
| Q1 24 | $370.0M | $145.0M |
| Q4 25 | — | $208.0M | ||
| Q3 25 | — | $17.0M | ||
| Q2 25 | — | $-267.0M | ||
| Q1 25 | — | $341.0M | ||
| Q4 24 | — | $151.0M | ||
| Q3 24 | — | $15.0M | ||
| Q2 24 | — | $-170.0M | ||
| Q1 24 | — | $-57.0M |
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | -7.1% | ||
| Q1 25 | — | 9.0% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | -4.5% | ||
| Q1 24 | — | -1.5% |
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 6.3% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | 5.2% |
| Q4 25 | — | 7.51× | ||
| Q3 25 | 4.54× | 2.15× | ||
| Q2 25 | — | -2.21× | ||
| Q1 25 | — | 8.42× | ||
| Q4 24 | — | 1.21× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -4.36× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTZ
Segment breakdown not available.
KD
| Principal Markets Segment | $1.4B | 37% |
| United States Segment | $958.0M | 25% |
| Strategic Markets Segment | $905.0M | 23% |
| Other | $568.0M | 15% |
