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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) and Solventum (SOLV). 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 $2.0B, roughly 1.0× Solventum). Solventum runs the higher net margin — 3.2% vs -9.6%, a 12.7% gap on every dollar of revenue. On growth, HERTZ GLOBAL HOLDINGS, INC posted the faster year-over-year revenue change (-0.6% vs -3.7%). Over the past eight quarters, Solventum's revenue compounded faster (-0.4% 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.
Solventum Corporation is an American health care company that was spun off from 3M on April 1, 2024.
HTZ vs SOLV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.0B |
| Net Profit | $-194.0M | $63.0M |
| Gross Margin | — | 51.4% |
| Operating Margin | -11.0% | 6.3% |
| Net Margin | -9.6% | 3.2% |
| Revenue YoY | -0.6% | -3.7% |
| Net Profit YoY | 59.5% | 103.2% |
| EPS (diluted) | $-0.46 | $0.37 |
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 | $2.0B | ||
| Q3 25 | $2.5B | $2.1B | ||
| Q2 25 | $2.2B | $2.2B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $2.0B | $2.1B | ||
| Q3 24 | $2.6B | $2.1B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.1B | $2.0B |
| Q4 25 | $-194.0M | $63.0M | ||
| Q3 25 | $184.0M | $1.3B | ||
| Q2 25 | $-294.0M | $90.0M | ||
| Q1 25 | $-443.0M | $137.0M | ||
| Q4 24 | $-479.0M | $31.0M | ||
| Q3 24 | $-1.3B | $122.0M | ||
| Q2 24 | $-865.0M | $89.0M | ||
| Q1 24 | $-186.0M | $237.0M |
| Q4 25 | — | 51.4% | ||
| Q3 25 | — | 54.2% | ||
| Q2 25 | — | 54.4% | ||
| Q1 25 | — | 53.8% | ||
| Q4 24 | — | 53.9% | ||
| Q3 24 | — | 56.0% | ||
| Q2 24 | — | 54.6% | ||
| Q1 24 | — | 58.1% |
| Q4 25 | -11.0% | 6.3% | ||
| Q3 25 | 9.4% | 80.6% | ||
| Q2 25 | -14.5% | 9.9% | ||
| Q1 25 | -29.0% | 7.3% | ||
| Q4 24 | -27.6% | 6.6% | ||
| Q3 24 | -62.9% | 13.2% | ||
| Q2 24 | -20.1% | 11.7% | ||
| Q1 24 | -27.9% | 18.9% |
| Q4 25 | -9.6% | 3.2% | ||
| Q3 25 | 7.4% | 60.4% | ||
| Q2 25 | -13.5% | 4.2% | ||
| Q1 25 | -24.4% | 6.6% | ||
| Q4 24 | -23.5% | 1.5% | ||
| Q3 24 | -51.7% | 5.9% | ||
| Q2 24 | -36.8% | 4.3% | ||
| Q1 24 | -8.9% | 11.8% |
| Q4 25 | $-0.46 | $0.37 | ||
| Q3 25 | $0.42 | $7.22 | ||
| Q2 25 | $-0.95 | $0.51 | ||
| Q1 25 | $-1.44 | $0.78 | ||
| Q4 24 | $-1.57 | $0.18 | ||
| Q3 24 | $-4.34 | $0.70 | ||
| Q2 24 | $-2.82 | $0.51 | ||
| Q1 24 | $-0.61 | $1.37 |
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 | $878.0M |
| Total DebtLower is stronger | — | $5.0B |
| Stockholders' EquityBook value | $-459.0M | $5.0B |
| Total Assets | $22.3B | $14.3B |
| Debt / EquityLower = less leverage | — | 1.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $565.0M | $878.0M | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $503.0M | $492.0M | ||
| Q1 25 | $626.0M | $534.0M | ||
| Q4 24 | $592.0M | $762.0M | ||
| Q3 24 | $501.0M | $772.0M | ||
| Q2 24 | $568.0M | $897.0M | ||
| Q1 24 | $465.0M | $996.0M |
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $7.8B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $8.1B | ||
| Q2 24 | — | $8.3B | ||
| Q1 24 | — | $8.3B |
| Q4 25 | $-459.0M | $5.0B | ||
| Q3 25 | $-317.0M | $5.0B | ||
| Q2 25 | $-504.0M | $3.6B | ||
| Q1 25 | $-262.0M | $3.3B | ||
| Q4 24 | $153.0M | $3.0B | ||
| Q3 24 | $681.0M | $3.2B | ||
| Q2 24 | $2.0B | $2.9B | ||
| Q1 24 | $2.8B | $3.9B |
| Q4 25 | $22.3B | $14.3B | ||
| Q3 25 | $23.0B | $14.0B | ||
| Q2 25 | $23.1B | $15.1B | ||
| Q1 25 | $22.0B | $14.5B | ||
| Q4 24 | $21.8B | $14.5B | ||
| Q3 24 | $23.0B | $14.7B | ||
| Q2 24 | $25.2B | $14.6B | ||
| Q1 24 | $24.3B | $14.7B |
| Q4 25 | — | 1.00× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | 2.43× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 2.90× | ||
| Q1 24 | — | 2.16× |
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 | $95.0M |
| Free Cash FlowOCF − Capex | — | $32.0M |
| FCF MarginFCF / Revenue | — | 1.6% |
| Capex IntensityCapex / Revenue | — | 3.2% |
| Cash ConversionOCF / Net Profit | — | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-10.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $193.0M | $95.0M | ||
| Q3 25 | $835.0M | $76.0M | ||
| Q2 25 | $346.0M | $169.0M | ||
| Q1 25 | $251.0M | $29.0M | ||
| Q4 24 | $414.0M | $219.0M | ||
| Q3 24 | $894.0M | $169.0M | ||
| Q2 24 | $546.0M | $355.0M | ||
| Q1 24 | $370.0M | $442.0M |
| Q4 25 | — | $32.0M | ||
| Q3 25 | — | $-21.0M | ||
| Q2 25 | — | $59.0M | ||
| Q1 25 | — | $-80.0M | ||
| Q4 24 | — | $92.0M | ||
| Q3 24 | — | $76.0M | ||
| Q2 24 | — | $297.0M | ||
| Q1 24 | — | $340.0M |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | -1.0% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 14.3% | ||
| Q1 24 | — | 16.9% |
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 5.1% |
| Q4 25 | — | 1.51× | ||
| Q3 25 | 4.54× | 0.06× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | — | 7.06× | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | — | 3.99× | ||
| Q1 24 | — | 1.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTZ
Segment breakdown not available.
SOLV
| Infection Prevention And Surgical Solutions | $752.0M | 38% |
| Cost Of Software And Rentals | $508.0M | 25% |
| Health Information Systems Segment | $347.0M | 17% |
| Dental Solutions Segment | $343.0M | 17% |
| Related Party | $14.0M | 1% |
