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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) and State Street Corporation (STT). Click either name above to swap in a different company.

State Street Corporation is the larger business by last-quarter revenue ($3.7B vs $2.0B, roughly 1.8× HERTZ GLOBAL HOLDINGS, INC). State Street Corporation runs the higher net margin — 20.4% vs -9.6%, a 29.9% gap on every dollar of revenue. On growth, State Street Corporation posted the faster year-over-year revenue change (7.5% vs -0.6%). Over the past eight quarters, State Street Corporation's revenue compounded faster (8.1% 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.

State Street Corporation is an American multinational financial services and bank holding company headquartered at One Congress Street in Boston. It is the second-oldest continuously operating U.S. bank, tracing its roots to Union Bank, chartered in 1792. As of the third quarter of 2025, State Street is one of the world's largest asset managers and custodians, with approximately US$5.4 trillion in assets under management and US$51.7 trillion under custody and administration.

HTZ vs STT — Head-to-Head

Bigger by revenue
STT
STT
1.8× larger
STT
$3.7B
$2.0B
HTZ
Growing faster (revenue YoY)
STT
STT
+8.1% gap
STT
7.5%
-0.6%
HTZ
Higher net margin
STT
STT
29.9% more per $
STT
20.4%
-9.6%
HTZ
Faster 2-yr revenue CAGR
STT
STT
Annualised
STT
8.1%
-1.3%
HTZ

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HTZ
HTZ
STT
STT
Revenue
$2.0B
$3.7B
Net Profit
$-194.0M
$747.0M
Gross Margin
Operating Margin
-11.0%
25.0%
Net Margin
-9.6%
20.4%
Revenue YoY
-0.6%
7.5%
Net Profit YoY
59.5%
-4.6%
EPS (diluted)
$-0.46
$2.41

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.

Revenue
HTZ
HTZ
STT
STT
Q4 25
$2.0B
$3.7B
Q3 25
$2.5B
$3.5B
Q2 25
$2.2B
$3.4B
Q1 25
$1.8B
$3.3B
Q4 24
$2.0B
$3.4B
Q3 24
$2.6B
$3.3B
Q2 24
$2.4B
$3.2B
Q1 24
$2.1B
$3.1B
Net Profit
HTZ
HTZ
STT
STT
Q4 25
$-194.0M
$747.0M
Q3 25
$184.0M
$861.0M
Q2 25
$-294.0M
$693.0M
Q1 25
$-443.0M
$644.0M
Q4 24
$-479.0M
$783.0M
Q3 24
$-1.3B
$730.0M
Q2 24
$-865.0M
$711.0M
Q1 24
$-186.0M
$463.0M
Operating Margin
HTZ
HTZ
STT
STT
Q4 25
-11.0%
25.0%
Q3 25
9.4%
31.1%
Q2 25
-14.5%
25.8%
Q1 25
-29.0%
25.0%
Q4 24
-27.6%
28.1%
Q3 24
-62.9%
28.4%
Q2 24
-20.1%
28.6%
Q1 24
-27.9%
19.1%
Net Margin
HTZ
HTZ
STT
STT
Q4 25
-9.6%
20.4%
Q3 25
7.4%
24.3%
Q2 25
-13.5%
20.1%
Q1 25
-24.4%
19.6%
Q4 24
-23.5%
22.9%
Q3 24
-51.7%
22.4%
Q2 24
-36.8%
22.3%
Q1 24
-8.9%
14.8%
EPS (diluted)
HTZ
HTZ
STT
STT
Q4 25
$-0.46
$2.41
Q3 25
$0.42
$2.78
Q2 25
$-0.95
$2.17
Q1 25
$-1.44
$2.04
Q4 24
$-1.57
$2.43
Q3 24
$-4.34
$2.26
Q2 24
$-2.82
$2.15
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
HTZ
HTZ
STT
STT
Cash + ST InvestmentsLiquidity on hand
$565.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-459.0M
$27.8B
Total Assets
$22.3B
$366.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTZ
HTZ
STT
STT
Q4 25
$565.0M
Q3 25
$1.1B
Q2 25
$503.0M
Q1 25
$626.0M
Q4 24
$592.0M
Q3 24
$501.0M
Q2 24
$568.0M
Q1 24
$465.0M
Stockholders' Equity
HTZ
HTZ
STT
STT
Q4 25
$-459.0M
$27.8B
Q3 25
$-317.0M
$27.6B
Q2 25
$-504.0M
$27.3B
Q1 25
$-262.0M
$26.7B
Q4 24
$153.0M
$25.3B
Q3 24
$681.0M
$25.8B
Q2 24
$2.0B
$24.8B
Q1 24
$2.8B
$24.4B
Total Assets
HTZ
HTZ
STT
STT
Q4 25
$22.3B
$366.0B
Q3 25
$23.0B
$371.1B
Q2 25
$23.1B
$376.7B
Q1 25
$22.0B
$372.7B
Q4 24
$21.8B
$353.2B
Q3 24
$23.0B
$338.5B
Q2 24
$25.2B
$325.6B
Q1 24
$24.3B
$338.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HTZ
HTZ
STT
STT
Operating Cash FlowLast quarter
$193.0M
$10.0B
Free Cash FlowOCF − Capex
$9.8B
FCF MarginFCF / Revenue
266.6%
Capex IntensityCapex / Revenue
7.3%
Cash ConversionOCF / Net Profit
13.44×
TTM Free Cash FlowTrailing 4 quarters
$10.8B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HTZ
HTZ
STT
STT
Q4 25
$193.0M
$10.0B
Q3 25
$835.0M
$7.9B
Q2 25
$346.0M
$-8.4B
Q1 25
$251.0M
$2.4B
Q4 24
$414.0M
$-7.4B
Q3 24
$894.0M
$2.7B
Q2 24
$546.0M
$-7.6B
Q1 24
$370.0M
$-844.0M
Free Cash Flow
HTZ
HTZ
STT
STT
Q4 25
$9.8B
Q3 25
$7.7B
Q2 25
$-8.8B
Q1 25
$2.2B
Q4 24
$-7.7B
Q3 24
$2.5B
Q2 24
$-7.9B
Q1 24
$-1.1B
FCF Margin
HTZ
HTZ
STT
STT
Q4 25
266.6%
Q3 25
216.0%
Q2 25
-254.1%
Q1 25
66.1%
Q4 24
-225.1%
Q3 24
75.9%
Q2 24
-246.2%
Q1 24
-34.2%
Capex Intensity
HTZ
HTZ
STT
STT
Q4 25
7.3%
Q3 25
6.9%
Q2 25
9.3%
Q1 25
6.9%
Q4 24
7.3%
Q3 24
7.2%
Q2 24
6.7%
Q1 24
7.3%
Cash Conversion
HTZ
HTZ
STT
STT
Q4 25
13.44×
Q3 25
4.54×
9.18×
Q2 25
-12.18×
Q1 25
3.72×
Q4 24
-9.49×
Q3 24
3.71×
Q2 24
-10.75×
Q1 24
-1.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HTZ
HTZ

Segment breakdown not available.

STT
STT

Other$2.2B59%
Investment Management$729.0M20%
Management Services$662.0M18%
Other Fee Revenue$56.0M2%
Securities Financing Services$54.0M1%

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