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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) and QXO, Inc. (QXO). Click either name above to swap in a different company.
QXO, Inc. is the larger business by last-quarter revenue ($2.2B vs $2.0B, roughly 1.1× HERTZ GLOBAL HOLDINGS, INC). QXO, Inc. runs the higher net margin — -4.1% vs -9.6%, a 5.5% gap on every dollar of revenue. On growth, QXO, Inc. posted the faster year-over-year revenue change (14782.6% vs -0.6%).
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.
Brad Jacobs is an American businessman who is chairman and CEO of QXO, Inc.
HTZ vs QXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.2B |
| Net Profit | $-194.0M | $-90.3M |
| Gross Margin | — | — |
| Operating Margin | -11.0% | -3.2% |
| Net Margin | -9.6% | -4.1% |
| Revenue YoY | -0.6% | 14782.6% |
| Net Profit YoY | 59.5% | -899.4% |
| EPS (diluted) | $-0.46 | $-0.21 |
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 | $2.2B | ||
| Q3 25 | $2.5B | $2.7B | ||
| Q2 25 | $2.2B | $1.9B | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.1B | — |
| Q4 25 | $-194.0M | $-90.3M | ||
| Q3 25 | $184.0M | $-139.4M | ||
| Q2 25 | $-294.0M | $-58.5M | ||
| Q1 25 | $-443.0M | — | ||
| Q4 24 | $-479.0M | — | ||
| Q3 24 | $-1.3B | — | ||
| Q2 24 | $-865.0M | — | ||
| Q1 24 | $-186.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 23.3% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -11.0% | -3.2% | ||
| Q3 25 | 9.4% | 0.9% | ||
| Q2 25 | -14.5% | -8.5% | ||
| Q1 25 | -29.0% | — | ||
| Q4 24 | -27.6% | — | ||
| Q3 24 | -62.9% | — | ||
| Q2 24 | -20.1% | — | ||
| Q1 24 | -27.9% | — |
| Q4 25 | -9.6% | -4.1% | ||
| Q3 25 | 7.4% | -5.1% | ||
| Q2 25 | -13.5% | -3.1% | ||
| Q1 25 | -24.4% | — | ||
| Q4 24 | -23.5% | — | ||
| Q3 24 | -51.7% | — | ||
| Q2 24 | -36.8% | — | ||
| Q1 24 | -8.9% | — |
| Q4 25 | $-0.46 | $-0.21 | ||
| Q3 25 | $0.42 | $-0.24 | ||
| Q2 25 | $-0.95 | $-0.15 | ||
| Q1 25 | $-1.44 | — | ||
| Q4 24 | $-1.57 | — | ||
| Q3 24 | $-4.34 | — | ||
| Q2 24 | $-2.82 | — | ||
| Q1 24 | $-0.61 | — |
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 | $2.4B |
| Total DebtLower is stronger | — | $3.1B |
| Stockholders' EquityBook value | $-459.0M | $9.7B |
| Total Assets | $22.3B | $15.9B |
| Debt / EquityLower = less leverage | — | 0.31× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $565.0M | $2.4B | ||
| Q3 25 | $1.1B | $2.3B | ||
| Q2 25 | $503.0M | $2.3B | ||
| Q1 25 | $626.0M | — | ||
| Q4 24 | $592.0M | — | ||
| Q3 24 | $501.0M | — | ||
| Q2 24 | $568.0M | — | ||
| Q1 24 | $465.0M | — |
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-459.0M | $9.7B | ||
| Q3 25 | $-317.0M | $9.8B | ||
| Q2 25 | $-504.0M | $9.9B | ||
| Q1 25 | $-262.0M | — | ||
| Q4 24 | $153.0M | — | ||
| Q3 24 | $681.0M | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.8B | — |
| Q4 25 | $22.3B | $15.9B | ||
| Q3 25 | $23.0B | $16.6B | ||
| Q2 25 | $23.1B | $17.1B | ||
| Q1 25 | $22.0B | — | ||
| Q4 24 | $21.8B | — | ||
| Q3 24 | $23.0B | — | ||
| Q2 24 | $25.2B | — | ||
| Q1 24 | $24.3B | — |
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $186.6M |
| 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.
| Q4 25 | $193.0M | $186.6M | ||
| Q3 25 | $835.0M | $212.5M | ||
| Q2 25 | $346.0M | $-174.2M | ||
| Q1 25 | $251.0M | — | ||
| Q4 24 | $414.0M | — | ||
| Q3 24 | $894.0M | — | ||
| Q2 24 | $546.0M | — | ||
| Q1 24 | $370.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $182.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 4.54× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
