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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) and SELECT MEDICAL HOLDINGS CORP (SEM). 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 $1.4B, roughly 1.4× SELECT MEDICAL HOLDINGS CORP). SELECT MEDICAL HOLDINGS CORP runs the higher net margin — 4.5% vs -9.6%, a 14.1% gap on every dollar of revenue. On growth, SELECT MEDICAL HOLDINGS CORP posted the faster year-over-year revenue change (5.0% vs -0.6%). Over the past eight quarters, SELECT MEDICAL HOLDINGS CORP's revenue compounded faster (5.3% 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.
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
HTZ vs SEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.4B |
| Net Profit | $-194.0M | $63.8M |
| Gross Margin | — | — |
| Operating Margin | -11.0% | 6.9% |
| Net Margin | -9.6% | 4.5% |
| Revenue YoY | -0.6% | 5.0% |
| Net Profit YoY | 59.5% | -14.7% |
| EPS (diluted) | $-0.46 | $0.35 |
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 | — | $1.4B | ||
| Q4 25 | $2.0B | $1.4B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $2.6B | $1.3B | ||
| Q2 24 | $2.4B | $1.3B |
| Q1 26 | — | $63.8M | ||
| Q4 25 | $-194.0M | $20.2M | ||
| Q3 25 | $184.0M | $28.8M | ||
| Q2 25 | $-294.0M | $40.6M | ||
| Q1 25 | $-443.0M | $56.7M | ||
| Q4 24 | $-479.0M | $-16.1M | ||
| Q3 24 | $-1.3B | $55.6M | ||
| Q2 24 | $-865.0M | $77.6M |
| Q1 26 | — | 6.9% | ||
| Q4 25 | -11.0% | 4.6% | ||
| Q3 25 | 9.4% | 5.4% | ||
| Q2 25 | -14.5% | 6.5% | ||
| Q1 25 | -29.0% | 8.3% | ||
| Q4 24 | -27.6% | 1.6% | ||
| Q3 24 | -62.9% | 4.3% | ||
| Q2 24 | -20.1% | 5.8% |
| Q1 26 | — | 4.5% | ||
| Q4 25 | -9.6% | 1.4% | ||
| Q3 25 | 7.4% | 2.1% | ||
| Q2 25 | -13.5% | 3.0% | ||
| Q1 25 | -24.4% | 4.2% | ||
| Q4 24 | -23.5% | -1.2% | ||
| Q3 24 | -51.7% | 4.4% | ||
| Q2 24 | -36.8% | 6.1% |
| Q1 26 | — | $0.35 | ||
| Q4 25 | $-0.46 | $0.17 | ||
| Q3 25 | $0.42 | $0.23 | ||
| Q2 25 | $-0.95 | $0.32 | ||
| Q1 25 | $-1.44 | $0.44 | ||
| Q4 24 | $-1.57 | $-0.12 | ||
| Q3 24 | $-4.34 | $0.43 | ||
| Q2 24 | $-2.82 | $0.60 |
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 | $25.7M |
| Total DebtLower is stronger | — | $1.8B |
| Stockholders' EquityBook value | $-459.0M | $2.1B |
| Total Assets | $22.3B | $6.0B |
| Debt / EquityLower = less leverage | — | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $25.7M | ||
| Q4 25 | $565.0M | $26.5M | ||
| Q3 25 | $1.1B | $60.1M | ||
| Q2 25 | $503.0M | $52.3M | ||
| Q1 25 | $626.0M | $53.2M | ||
| Q4 24 | $592.0M | $59.7M | ||
| Q3 24 | $501.0M | $191.5M | ||
| Q2 24 | $568.0M | $111.2M |
| Q1 26 | — | $1.8B | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.6B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $-459.0M | $1.7B | ||
| Q3 25 | $-317.0M | $1.7B | ||
| Q2 25 | $-504.0M | $1.7B | ||
| Q1 25 | $-262.0M | $1.7B | ||
| Q4 24 | $153.0M | $1.7B | ||
| Q3 24 | $681.0M | $1.9B | ||
| Q2 24 | $2.0B | $1.4B |
| Q1 26 | — | $6.0B | ||
| Q4 25 | $22.3B | $5.9B | ||
| Q3 25 | $23.0B | $5.7B | ||
| Q2 25 | $23.1B | $5.7B | ||
| Q1 25 | $22.0B | $5.7B | ||
| Q4 24 | $21.8B | $5.6B | ||
| Q3 24 | $23.0B | $8.0B | ||
| Q2 24 | $25.2B | $7.9B |
| Q1 26 | — | 0.88× | ||
| Q4 25 | — | 1.06× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 2.54× |
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 | $64.3M | ||
| Q3 25 | $835.0M | $175.3M | ||
| Q2 25 | $346.0M | $110.3M | ||
| Q1 25 | $251.0M | $-3.5M | ||
| Q4 24 | $414.0M | $125.4M | ||
| Q3 24 | $894.0M | $181.0M | ||
| Q2 24 | $546.0M | $278.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $5.2M | ||
| Q3 25 | — | $122.2M | ||
| Q2 25 | — | $45.6M | ||
| Q1 25 | — | $-55.8M | ||
| Q4 24 | — | $62.0M | ||
| Q3 24 | — | $130.3M | ||
| Q2 24 | — | $222.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | -4.1% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 10.2% | ||
| Q2 24 | — | 17.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.19× | ||
| Q3 25 | 4.54× | 6.09× | ||
| Q2 25 | — | 2.72× | ||
| Q1 25 | — | -0.06× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.25× | ||
| Q2 24 | — | 3.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
