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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) and RXO, Inc. (RXO). 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 $1.5B, roughly 1.4× RXO, Inc.). RXO, Inc. runs the higher net margin — -3.1% vs -9.6%, a 6.4% gap on every dollar of revenue. On growth, HERTZ GLOBAL HOLDINGS, INC posted the faster year-over-year revenue change (-0.6% vs -11.9%). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% 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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
HTZ vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.5B |
| Net Profit | $-194.0M | $-46.0M |
| Gross Margin | — | — |
| Operating Margin | -11.0% | -2.9% |
| Net Margin | -9.6% | -3.1% |
| Revenue YoY | -0.6% | -11.9% |
| Net Profit YoY | 59.5% | -84.0% |
| EPS (diluted) | $-0.46 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $2.0B | $1.7B | ||
| Q3 24 | $2.6B | $1.0B | ||
| Q2 24 | $2.4B | $930.0M | ||
| Q1 24 | $2.1B | $913.0M |
| Q4 25 | $-194.0M | $-46.0M | ||
| Q3 25 | $184.0M | $-14.0M | ||
| Q2 25 | $-294.0M | $-9.0M | ||
| Q1 25 | $-443.0M | $-31.0M | ||
| Q4 24 | $-479.0M | $-25.0M | ||
| Q3 24 | $-1.3B | $-243.0M | ||
| Q2 24 | $-865.0M | $-7.0M | ||
| Q1 24 | $-186.0M | $-15.0M |
| Q4 25 | -11.0% | -2.9% | ||
| Q3 25 | 9.4% | -0.5% | ||
| Q2 25 | -14.5% | — | ||
| Q1 25 | -29.0% | -2.1% | ||
| Q4 24 | -27.6% | -1.4% | ||
| Q3 24 | -62.9% | -1.9% | ||
| Q2 24 | -20.1% | — | ||
| Q1 24 | -27.9% | -1.3% |
| Q4 25 | -9.6% | -3.1% | ||
| Q3 25 | 7.4% | -1.0% | ||
| Q2 25 | -13.5% | -0.6% | ||
| Q1 25 | -24.4% | -2.2% | ||
| Q4 24 | -23.5% | -1.5% | ||
| Q3 24 | -51.7% | -23.4% | ||
| Q2 24 | -36.8% | -0.8% | ||
| Q1 24 | -8.9% | -1.6% |
| Q4 25 | $-0.46 | $-0.28 | ||
| Q3 25 | $0.42 | $-0.08 | ||
| Q2 25 | $-0.95 | $-0.05 | ||
| Q1 25 | $-1.44 | $-0.18 | ||
| Q4 24 | $-1.57 | $-0.17 | ||
| Q3 24 | $-4.34 | $-1.81 | ||
| Q2 24 | $-2.82 | $-0.06 | ||
| Q1 24 | $-0.61 | $-0.13 |
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 | $17.0M |
| Total DebtLower is stronger | — | $387.0M |
| Stockholders' EquityBook value | $-459.0M | $1.5B |
| Total Assets | $22.3B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $565.0M | $17.0M | ||
| Q3 25 | $1.1B | $25.0M | ||
| Q2 25 | $503.0M | $18.0M | ||
| Q1 25 | $626.0M | $16.0M | ||
| Q4 24 | $592.0M | $35.0M | ||
| Q3 24 | $501.0M | $55.0M | ||
| Q2 24 | $568.0M | $7.0M | ||
| Q1 24 | $465.0M | $7.0M |
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
| Q4 25 | $-459.0M | $1.5B | ||
| Q3 25 | $-317.0M | $1.6B | ||
| Q2 25 | $-504.0M | $1.6B | ||
| Q1 25 | $-262.0M | $1.6B | ||
| Q4 24 | $153.0M | $1.6B | ||
| Q3 24 | $681.0M | $1.7B | ||
| Q2 24 | $2.0B | $579.0M | ||
| Q1 24 | $2.8B | $582.0M |
| Q4 25 | $22.3B | $3.3B | ||
| Q3 25 | $23.0B | $3.2B | ||
| Q2 25 | $23.1B | $3.2B | ||
| Q1 25 | $22.0B | $3.3B | ||
| Q4 24 | $21.8B | $3.4B | ||
| Q3 24 | $23.0B | $3.4B | ||
| Q2 24 | $25.2B | $1.8B | ||
| Q1 24 | $24.3B | $1.8B |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | — | $-9.0M |
| FCF MarginFCF / Revenue | — | -0.6% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $193.0M | $7.0M | ||
| Q3 25 | $835.0M | $23.0M | ||
| Q2 25 | $346.0M | $23.0M | ||
| Q1 25 | $251.0M | $-2.0M | ||
| Q4 24 | $414.0M | $-7.0M | ||
| Q3 24 | $894.0M | $-7.0M | ||
| Q2 24 | $546.0M | $-5.0M | ||
| Q1 24 | $370.0M | $7.0M |
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | — | $-18.0M | ||
| Q2 24 | — | $-16.0M | ||
| Q1 24 | — | $-4.0M |
| Q4 25 | — | -0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | -1.7% | ||
| Q1 24 | — | -0.4% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.2% |
| 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.
Revenue Breakdown by Segment
HTZ
Segment breakdown not available.
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
