HEES · H&e Equipment Services, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $319.45M | - | $384.86M | $376.28M | $371.36M | - | $400.70M | $360.23M | $322.48M | - |
| Cost of Revenue | $195.86M | - | $213.41M | $205.00M | $206.49M | - | $212.31M | $191.87M | $181.10M | - |
| Gross Profit | $123.59M | - | $171.45M | $171.28M | $164.87M | - | $188.38M | $168.36M | $141.38M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $111.58M | - | $112.45M | $111.83M | $114.28M | - | $104.22M | $99.26M | $95.33M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $13.12M | - | - | - | $10.41M | - | - | - | $8.03M | - |
| Operating Income | $5.84M | - | $60.67M | $62.80M | $52.02M | - | $79.21M | $69.54M | $46.71M | - |
| Interest Expense | $18.37M | - | $16.14M | $18.23M | $18.37M | - | $16.14M | $14.70M | $13.70M | - |
| Income Tax | ($1.97M) | - | $12.28M | $12.79M | $9.32M | - | $17.26M | $14.69M | $9.05M | - |
| Net Income | ($6.21M) | - | $31.07M | $33.26M | $25.89M | - | $48.88M | $41.22M | $25.67M | - |
| EPS - Basic | ($0.17) | - | $0.86 | $0.92 | $0.72 | - | $1.35 | $1.14 | $0.71 | - |
| EPS - Diluted | ($0.17) | - | $0.85 | $0.91 | $0.71 | - | $1.35 | $1.14 | $0.71 | - |
Balance Sheet
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.32M | $16.41M | $11.08M | $8.50M | $9.08M | $8.50M | $6.92M | $46.90M | $89.94M | $81.33M |
| Accounts Receivable | $213.00M | $248.64M | $252.22M | $248.11M | $243.94M | $247.43M | $253.33M | $226.60M | $216.68M | $225.29M |
| Inventory | $12.87M | $12.98M | $22.03M | $21.89M | $100.57M | $109.93M | $137.02M | $195.57M | $194.88M | $107.84M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $2.68B | $2.80B | $2.89B | $2.85B | $2.76B | $2.64B | $2.59B | $2.56B | $2.42B | $2.29B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $2.07B | $2.17B | $2.30B | $2.27B | $2.21B | $2.11B | $2.10B | $2.11B | $2.01B | $1.89B |
| Stockholders' Equity | $603.88M | $622.48M | $597.21M | $576.05M | $550.68M | $534.29M | $488.13M | $449.90M | $416.69M | $401.04M |
| Retained Earnings | $414.61M | $430.70M | $408.07M | $387.13M | $363.96M | $347.97M | $304.54M | $265.75M | $234.58M | $218.70M |
Cash Flow
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $97.80M | - | - | - | $83.35M | - | - | - | $43.23M | - |
| Investing Cash Flow | ($3.58M) | - | - | - | ($142.29M) | - | - | - | ($56.43M) | - |
| Financing Cash Flow | ($100.31M) | - | - | - | $59.52M | - | - | - | $21.82M | - |
| CapEx | $16.61M | - | - | - | $39.14M | - | - | - | $12.39M | - |
| Free Cash Flow | $81.19M | - | - | - | $44.21M | - | - | - | $30.84M | - |
Ratios
| Metric | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 38.7% | - | 44.5% | 45.5% | 44.4% | - | 47.0% | 46.7% | 43.8% | - |
| Operating margin | 1.8% | - | 15.8% | 16.7% | 14.0% | - | 19.8% | 19.3% | 14.5% | - |
| EBITDA margin | 5.9% | - | - | - | 16.8% | - | - | - | 17.0% | - |
| Net margin | -1.9% | - | 8.1% | 8.8% | 7.0% | - | 12.2% | 11.4% | 8.0% | - |
| Free cash flow margin | 25.4% | - | - | - | 11.9% | - | - | - | 9.6% | - |
| FCF / Net income | -13.08 | - | - | - | 1.71 | - | - | - | 1.20 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 34.9% | - | 29.2% | 29.7% | 30.8% | - | 26.0% | 27.6% | 29.6% | - |
| Effective tax rate | - | - | 28.3% | 27.8% | 26.5% | - | 26.1% | 26.3% | 26.1% | - |
| Return on assets | -0.2% | - | 1.1% | 1.2% | 0.9% | - | 1.9% | 1.6% | 1.1% | - |
| Return on equity | -1.0% | - | 5.2% | 5.8% | 4.7% | - | 10.0% | 9.2% | 6.2% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 0.3x | - | 3.8x | 3.4x | 2.8x | - | 4.9x | 4.7x | 3.4x | - |
| Equity multiplier | 4.43 | 4.49 | 4.84 | 4.95 | 5.01 | 4.94 | 5.30 | 5.69 | 5.81 | 5.71 |
| Liabilities / Assets | 0.77 | 0.78 | 0.79 | 0.80 | 0.80 | 0.80 | 0.81 | 0.82 | 0.83 | 0.83 |
| Efficiency | ||||||||||
| Asset turnover | 0.12 | - | 0.13 | 0.13 | 0.13 | - | 0.15 | 0.14 | 0.13 | - |
| Inventory turnover | 15.22 | - | 9.69 | 9.36 | 2.05 | - | 1.55 | 0.98 | 0.93 | - |
| Days sales outstanding | 243d | - | 239d | 241d | 240d | - | 231d | 230d | 245d | - |
| Days inventory outstanding | 24d | - | 38d | 39d | 178d | - | 236d | 372d | 393d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -14.0% | - | -4.0% | 4.5% | 15.2% | - | 23.6% | 22.2% | 18.4% | - |
| Revenue CAGR (3y) | 5.4% | - | 11.8% | 6.0% | 10.1% | - | 11.5% | 9.0% | 4.1% | - |
| Revenue CAGR (5y) | 2.2% | - | 1.7% | 2.4% | 3.4% | - | 9.1% | 7.6% | 4.4% | - |
| Gross profit growth (YoY) | -25.0% | - | -9.0% | 1.7% | 16.6% | - | 24.0% | 27.2% | 26.7% | - |
| Operating income growth (YoY) | -88.8% | - | -23.4% | -9.7% | 11.4% | - | 23.8% | 37.2% | 34.7% | - |
| Net income growth (YoY) | - | - | -36.4% | -19.3% | 0.8% | - | 27.4% | 56.4% | 57.5% | - |
| EPS growth (YoY) | - | - | -37.0% | -20.2% | 0.0% | - | 28.6% | 58.3% | 57.8% | - |
| EPS CAGR (3y) | - | - | 1.6% | 28.4% | 86.2% | - | 68.9% | 68.1% | - | - |
| EPS CAGR (5y) | - | - | 1.5% | 7.6% | 12.2% | - | 18.0% | 14.5% | 22.3% | - |
| FCF growth (YoY) | 83.6% | - | - | - | 43.4% | - | - | - | 10.8% | - |
| FCF CAGR (5y) | 27.2% | - | - | - | 6.8% | - | - | - | 5.3% | - |
| Book value growth (YoY) | 9.7% | 16.5% | 22.3% | 28.0% | 32.2% | 33.2% | 36.5% | 36.8% | 33.9% | 32.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Business segments
$1.52B totalEquipment Rentals$1.25B · 82.6%
Sales Of Rental Equipment$139.20M · 9.2%
Parts Service And Other$68.46M · 4.5%
Sales Of New Equipment$55.60M · 3.7%
Product / service
$2.59B totalTotal Equipment Rental Revenues$1.17B · 45.3%
Rental Revenues$1.07B · 41.5%
Sales Of Rental Equipment$139.20M · 5.4%
Ancillary And Other Rental Revenues$79.39M · 3.1%
Parts Service And Other$68.46M · 2.6%
Sales Of New Equipment$55.60M · 2.1%
Peer comparison
Same SIC group: Services-Miscellaneous Equipment Rental & Leasing
Comparing H&E Equipment Services against the 5 most active filers in the same SIC group.