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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) and XPO, Inc. (XPO). 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× XPO, Inc.). XPO, Inc. runs the higher net margin — 2.9% vs -9.6%, a 12.5% gap on every dollar of revenue. On growth, XPO, Inc. posted the faster year-over-year revenue change (4.7% vs -0.6%). Over the past eight quarters, XPO, Inc.'s revenue compounded faster (-0.1% 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.
XPO, Inc., formerly XPO Logistics, is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, and has 592 locations globally. XPO is the second largest provider of less-than-truckload (LTL) services in North America, operating in 99 percent of all U.S. postal codes.
HTZ vs XPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.0B |
| Net Profit | $-194.0M | $59.0M |
| Gross Margin | — | — |
| Operating Margin | -11.0% | 7.1% |
| Net Margin | -9.6% | 2.9% |
| Revenue YoY | -0.6% | 4.7% |
| Net Profit YoY | 59.5% | -21.3% |
| EPS (diluted) | $-0.46 | $0.49 |
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 | $2.1B | ||
| Q1 25 | $1.8B | $2.0B | ||
| Q4 24 | $2.0B | $1.9B | ||
| Q3 24 | $2.6B | $2.1B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.1B | $2.0B |
| Q4 25 | $-194.0M | $59.0M | ||
| Q3 25 | $184.0M | $82.0M | ||
| Q2 25 | $-294.0M | $106.0M | ||
| Q1 25 | $-443.0M | $69.0M | ||
| Q4 24 | $-479.0M | $75.0M | ||
| Q3 24 | $-1.3B | $95.0M | ||
| Q2 24 | $-865.0M | $150.0M | ||
| Q1 24 | $-186.0M | $67.0M |
| Q4 25 | -11.0% | 7.1% | ||
| Q3 25 | 9.4% | 7.8% | ||
| Q2 25 | -14.5% | 9.5% | ||
| Q1 25 | -29.0% | 7.7% | ||
| Q4 24 | -27.6% | 7.8% | ||
| Q3 24 | -62.9% | 8.6% | ||
| Q2 24 | -20.1% | 9.5% | ||
| Q1 24 | -27.9% | 6.8% |
| Q4 25 | -9.6% | 2.9% | ||
| Q3 25 | 7.4% | 3.9% | ||
| Q2 25 | -13.5% | 5.1% | ||
| Q1 25 | -24.4% | 3.5% | ||
| Q4 24 | -23.5% | 3.9% | ||
| Q3 24 | -51.7% | 4.6% | ||
| Q2 24 | -36.8% | 7.2% | ||
| Q1 24 | -8.9% | 3.3% |
| Q4 25 | $-0.46 | $0.49 | ||
| Q3 25 | $0.42 | $0.68 | ||
| Q2 25 | $-0.95 | $0.89 | ||
| Q1 25 | $-1.44 | $0.58 | ||
| Q4 24 | $-1.57 | $0.63 | ||
| Q3 24 | $-4.34 | $0.79 | ||
| Q2 24 | $-2.82 | $1.25 | ||
| Q1 24 | $-0.61 | $0.56 |
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 | $310.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-459.0M | $1.9B |
| Total Assets | $22.3B | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $565.0M | $310.0M | ||
| Q3 25 | $1.1B | $335.0M | ||
| Q2 25 | $503.0M | $225.0M | ||
| Q1 25 | $626.0M | $212.0M | ||
| Q4 24 | $592.0M | $246.0M | ||
| Q3 24 | $501.0M | $378.0M | ||
| Q2 24 | $568.0M | $250.0M | ||
| Q1 24 | $465.0M | $229.0M |
| Q4 25 | $-459.0M | $1.9B | ||
| Q3 25 | $-317.0M | $1.8B | ||
| Q2 25 | $-504.0M | $1.8B | ||
| Q1 25 | $-262.0M | $1.6B | ||
| Q4 24 | $153.0M | $1.6B | ||
| Q3 24 | $681.0M | $1.6B | ||
| Q2 24 | $2.0B | $1.5B | ||
| Q1 24 | $2.8B | $1.3B |
| Q4 25 | $22.3B | $8.2B | ||
| Q3 25 | $23.0B | $8.2B | ||
| Q2 25 | $23.1B | $8.1B | ||
| Q1 25 | $22.0B | $7.9B | ||
| Q4 24 | $21.8B | $7.7B | ||
| Q3 24 | $23.0B | $7.9B | ||
| Q2 24 | $25.2B | $7.7B | ||
| Q1 24 | $24.3B | $7.6B |
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 | — | 5.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $193.0M | — | ||
| Q3 25 | $835.0M | $371.0M | ||
| Q2 25 | $346.0M | $247.0M | ||
| Q1 25 | $251.0M | $142.0M | ||
| Q4 24 | $414.0M | $189.0M | ||
| Q3 24 | $894.0M | $264.0M | ||
| Q2 24 | $546.0M | $210.0M | ||
| Q1 24 | $370.0M | $145.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $215.0M | ||
| Q2 25 | — | $51.0M | ||
| Q1 25 | — | $-57.0M | ||
| Q4 24 | — | $23.0M | ||
| Q3 24 | — | $137.0M | ||
| Q2 24 | — | $20.0M | ||
| Q1 24 | — | $-161.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | -2.9% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | -8.0% |
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 7.4% | ||
| Q2 25 | — | 9.4% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | 15.2% |
| Q4 25 | — | — | ||
| Q3 25 | 4.54× | 4.52× | ||
| Q2 25 | — | 2.33× | ||
| Q1 25 | — | 2.06× | ||
| Q4 24 | — | 2.52× | ||
| Q3 24 | — | 2.78× | ||
| Q2 24 | — | 1.40× | ||
| Q1 24 | — | 2.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTZ
Segment breakdown not available.
XPO
| North American LTL | $1.2B | 58% |
| European Transportation | $844.0M | 42% |
