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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) and Virtu Financial, Inc. (VIRT). 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 $1.1B, roughly 1.9× Virtu Financial, Inc.). Virtu Financial, Inc. runs the higher net margin — 31.6% vs -9.6%, a 41.2% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs -0.6%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% 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.
Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.
HTZ vs VIRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.1B |
| Net Profit | $-194.0M | $346.6M |
| Gross Margin | — | — |
| Operating Margin | -11.0% | 37.4% |
| Net Margin | -9.6% | 31.6% |
| Revenue YoY | -0.6% | 30.7% |
| Net Profit YoY | 59.5% | 82.8% |
| EPS (diluted) | $-0.46 | $1.99 |
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 | — | $1.1B | ||
| Q4 25 | $2.0B | $969.9M | ||
| Q3 25 | $2.5B | $824.8M | ||
| Q2 25 | $2.2B | $999.6M | ||
| Q1 25 | $1.8B | $837.9M | ||
| Q4 24 | $2.0B | $834.3M | ||
| Q3 24 | $2.6B | $706.8M | ||
| Q2 24 | $2.4B | $693.0M |
| Q1 26 | — | $346.6M | ||
| Q4 25 | $-194.0M | $139.9M | ||
| Q3 25 | $184.0M | $77.6M | ||
| Q2 25 | $-294.0M | $151.2M | ||
| Q1 25 | $-443.0M | $99.7M | ||
| Q4 24 | $-479.0M | $94.1M | ||
| Q3 24 | $-1.3B | $60.0M | ||
| Q2 24 | $-865.0M | $66.6M |
| Q1 26 | — | 37.4% | ||
| Q4 25 | -11.0% | 35.4% | ||
| Q3 25 | 9.4% | 21.8% | ||
| Q2 25 | -14.5% | 34.7% | ||
| Q1 25 | -29.0% | 26.7% | ||
| Q4 24 | -27.6% | 24.3% | ||
| Q3 24 | -62.9% | 20.8% | ||
| Q2 24 | -20.1% | 22.4% |
| Q1 26 | — | 31.6% | ||
| Q4 25 | -9.6% | 14.4% | ||
| Q3 25 | 7.4% | 9.4% | ||
| Q2 25 | -13.5% | 15.1% | ||
| Q1 25 | -24.4% | 11.9% | ||
| Q4 24 | -23.5% | 11.3% | ||
| Q3 24 | -51.7% | 8.5% | ||
| Q2 24 | -36.8% | 9.6% |
| Q1 26 | — | $1.99 | ||
| Q4 25 | $-0.46 | $1.54 | ||
| Q3 25 | $0.42 | $0.86 | ||
| Q2 25 | $-0.95 | $1.65 | ||
| Q1 25 | $-1.44 | $1.08 | ||
| Q4 24 | $-1.57 | $1.03 | ||
| Q3 24 | $-4.34 | $0.64 | ||
| Q2 24 | $-2.82 | $0.71 |
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 | $973.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-459.0M | $2.2B |
| Total Assets | $22.3B | $25.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $973.2M | ||
| Q4 25 | $565.0M | $1.1B | ||
| Q3 25 | $1.1B | $707.9M | ||
| Q2 25 | $503.0M | $752.1M | ||
| Q1 25 | $626.0M | $723.6M | ||
| Q4 24 | $592.0M | $872.5M | ||
| Q3 24 | $501.0M | $701.4M | ||
| Q2 24 | $568.0M | $684.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B |
| Q1 26 | — | $2.2B | ||
| Q4 25 | $-459.0M | $1.6B | ||
| Q3 25 | $-317.0M | $1.5B | ||
| Q2 25 | $-504.0M | $1.4B | ||
| Q1 25 | $-262.0M | $1.3B | ||
| Q4 24 | $153.0M | $1.3B | ||
| Q3 24 | $681.0M | $1.2B | ||
| Q2 24 | $2.0B | $1.2B |
| Q1 26 | — | $25.1B | ||
| Q4 25 | $22.3B | $20.2B | ||
| Q3 25 | $23.0B | $21.3B | ||
| Q2 25 | $23.1B | $19.3B | ||
| Q1 25 | $22.0B | $17.5B | ||
| Q4 24 | $21.8B | $15.4B | ||
| Q3 24 | $23.0B | $14.4B | ||
| Q2 24 | $25.2B | $13.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.29× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.33× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.41× |
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 | $518.4M | ||
| Q3 25 | $835.0M | $-68.7M | ||
| Q2 25 | $346.0M | $62.8M | ||
| Q1 25 | $251.0M | $15.0M | ||
| Q4 24 | $414.0M | $599.0M | ||
| Q3 24 | $894.0M | $112.1M | ||
| Q2 24 | $546.0M | $490.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $495.6M | ||
| Q3 25 | — | $-76.7M | ||
| Q2 25 | — | $57.6M | ||
| Q1 25 | — | $9.2M | ||
| Q4 24 | — | $586.6M | ||
| Q3 24 | — | $106.2M | ||
| Q2 24 | — | $486.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 51.1% | ||
| Q3 25 | — | -9.3% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 70.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.71× | ||
| Q3 25 | 4.54× | -0.89× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 6.37× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 7.37× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTZ
Segment breakdown not available.
VIRT
| Trading income, net | $789.1M | 72% |
| Commissions, net and technology services | $186.6M | 17% |
| Other | $119.6M | 11% |
