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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) and VIASAT INC (VSAT). 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 $1.2B, roughly 1.8× VIASAT INC). VIASAT INC runs the higher net margin — 2.2% vs -9.6%, a 11.7% gap on every dollar of revenue. On growth, VIASAT INC posted the faster year-over-year revenue change (3.0% vs -0.6%). Over the past eight quarters, VIASAT INC's revenue compounded faster (0.3% 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.
Viasat, Inc. is an American communications company based in Carlsbad, California, with additional operations across the United States and worldwide. Viasat is a provider of high-speed satellite broadband services and secure networking systems covering military and commercial markets.
HTZ vs VSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.2B |
| Net Profit | $-194.0M | $25.0M |
| Gross Margin | — | — |
| Operating Margin | -11.0% | 2.3% |
| Net Margin | -9.6% | 2.2% |
| Revenue YoY | -0.6% | 3.0% |
| Net Profit YoY | 59.5% | 115.8% |
| EPS (diluted) | $-0.46 | $0.18 |
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 | $1.2B | ||
| Q3 25 | $2.5B | $1.1B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $2.0B | $1.1B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.4B | $1.1B | ||
| Q1 24 | $2.1B | $1.2B |
| Q4 25 | $-194.0M | $25.0M | ||
| Q3 25 | $184.0M | $-61.4M | ||
| Q2 25 | $-294.0M | $-56.4M | ||
| Q1 25 | $-443.0M | $-246.1M | ||
| Q4 24 | $-479.0M | $-158.4M | ||
| Q3 24 | $-1.3B | $-137.6M | ||
| Q2 24 | $-865.0M | $-32.9M | ||
| Q1 24 | $-186.0M | $-100.3M |
| Q4 25 | -11.0% | 2.3% | ||
| Q3 25 | 9.4% | 3.1% | ||
| Q2 25 | -14.5% | 4.0% | ||
| Q1 25 | -29.0% | -13.4% | ||
| Q4 24 | -27.6% | 1.9% | ||
| Q3 24 | -62.9% | -2.2% | ||
| Q2 24 | -20.1% | 5.3% | ||
| Q1 24 | -27.9% | 0.0% |
| Q4 25 | -9.6% | 2.2% | ||
| Q3 25 | 7.4% | -5.4% | ||
| Q2 25 | -13.5% | -4.8% | ||
| Q1 25 | -24.4% | -21.5% | ||
| Q4 24 | -23.5% | -14.1% | ||
| Q3 24 | -51.7% | -12.3% | ||
| Q2 24 | -36.8% | -2.9% | ||
| Q1 24 | -8.9% | -8.7% |
| Q4 25 | $-0.46 | $0.18 | ||
| Q3 25 | $0.42 | $-0.45 | ||
| Q2 25 | $-0.95 | $-0.43 | ||
| Q1 25 | $-1.44 | $-1.92 | ||
| Q4 24 | $-1.57 | $-1.23 | ||
| Q3 24 | $-4.34 | $-1.07 | ||
| Q2 24 | $-2.82 | $-0.26 | ||
| Q1 24 | $-0.61 | $-1.14 |
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 | $1.3B |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $-459.0M | $4.6B |
| Total Assets | $22.3B | $14.9B |
| Debt / EquityLower = less leverage | — | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $565.0M | $1.3B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $503.0M | $1.2B | ||
| Q1 25 | $626.0M | $1.6B | ||
| Q4 24 | $592.0M | $1.6B | ||
| Q3 24 | $501.0M | $3.5B | ||
| Q2 24 | $568.0M | $1.8B | ||
| Q1 24 | $465.0M | $1.9B |
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $6.5B | ||
| Q1 25 | — | $6.5B | ||
| Q4 24 | — | $6.5B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $7.1B | ||
| Q1 24 | — | $7.1B |
| Q4 25 | $-459.0M | $4.6B | ||
| Q3 25 | $-317.0M | $4.5B | ||
| Q2 25 | $-504.0M | $4.6B | ||
| Q1 25 | $-262.0M | $4.6B | ||
| Q4 24 | $153.0M | $4.8B | ||
| Q3 24 | $681.0M | $4.9B | ||
| Q2 24 | $2.0B | $5.0B | ||
| Q1 24 | $2.8B | $5.0B |
| Q4 25 | $22.3B | $14.9B | ||
| Q3 25 | $23.0B | $14.8B | ||
| Q2 25 | $23.1B | $14.9B | ||
| Q1 25 | $22.0B | $15.4B | ||
| Q4 24 | $21.8B | $15.6B | ||
| Q3 24 | $23.0B | $17.8B | ||
| Q2 24 | $25.2B | $16.1B | ||
| Q1 24 | $24.3B | $16.3B |
| Q4 25 | — | 1.37× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | 1.43× | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 1.30× | ||
| Q2 24 | — | 1.42× | ||
| Q1 24 | — | 1.42× |
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 | $726.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 29.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $193.0M | $726.9M | ||
| Q3 25 | $835.0M | $282.2M | ||
| Q2 25 | $346.0M | $258.5M | ||
| Q1 25 | $251.0M | $298.4M | ||
| Q4 24 | $414.0M | $219.5M | ||
| Q3 24 | $894.0M | $239.2M | ||
| Q2 24 | $546.0M | $151.1M | ||
| Q1 24 | $370.0M | $232.0M |
| Q4 25 | — | 29.11× | ||
| 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.
VSAT
| Products | $334.2M | 29% |
| Aviation Services | $303.7M | 26% |
| Government Satcom Services | $202.4M | 17% |
| Maritime Services | $114.9M | 10% |
| Information Security And Cyber Defense Products | $97.0M | 8% |
| Tactical Networking Products | $93.9M | 8% |
| Navarino Uk And Jsat Mobile | $15.5M | 1% |
| Advanced Technologies And Other Products | $6.1M | 1% |
