H&E Equipment Services, Inc.

H&E Equipment Services, Inc.

HEES
H&E Equipment Services, Inc.US flagNASDAQ Global Select
94.64
USD
- -
- -
3.47BMarket Cap
H&E Equipment Services, Inc.
HEES
(NASDAQ Global Select)

Recent

price

94.64

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
19.64
16.56
20.73
24
28.19
31.01
29.48
27.64
29
34.73
31.34
27.92
29.31
34.62
40.7
41.81
40.34
Revenue per Share
-0.35
-0.73
0.26
0.83
1.26
1.57
1.26
1.05
3.09
2.15
1.93
-1.29
2.83
3.68
4.69
3.39
2.5
Basic EPS, GAAP
1.11
-1.73
-2.45
-7.58
-4.52
-6.92
0.03
-0.72
-0.86
-5.73
-0.94
4.19
-5.33
-5.64
-9.43
1.22
2.73
Free Cash Flow per Basic Share
- -
- -
- -
7
0.02
0.52
1.05
1.1
1.1
1.1
1.1
1.1
1.1
1.11
1.11
1.11
1.11
Dividend per Share
3.67
2.93
3.18
-3.06
-1.78
-0.71
-0.51
-0.56
1.45
2.49
3.81
1.78
3.5
6.1
9.65
11.88
11.43
Book Value per Share
7.05
6.34
6.62
0.47
1.82
2.91
3.16
3.15
5.23
3.44
3.99
4.05
5.94
7.39
10.9
17.16
11.23
Tangible Book Value per Share
35
35
35
35
35
35
35
35
36
36
36
36
36
36
36
36
36
Basic Weighted Avg Shares
680
574
721
837
988
1,090
1,040
978
1,030
1,239
1,124
1,007
1,063
1,245
1,469
1,517
1,465
Sales/Revenue/Turnover
3.1
-2.15
5.46
10.47
11.42
12.97
12.07
10.99
12.34
12.93
13.87
9.05
11.72
16.98
18.99
14.48
12.36
Operating Margin (%)
99
92
99
117
139
167
186
190
193
236
276
267
263
301
388
434
440
Depreciation Expense
-12
-25
9
29
44
55
44
37
110
77
69
-46
103
132
169
123
91
Net Income, GAAP
- -
- -
26.48
35.12
32.25
40.51
41.45
37.03
- -
26.79
24.73
- -
25.89
26.03
24.15
24.34
23.73
Effective Tax Rate (%)
-1.76
-4.43
1.24
3.44
4.47
5.06
4.26
3.8
10.65
6.18
6.16
-4.61
9.65
10.62
11.52
8.11
6.21
Profit Margin (%)
59
40
20
-62
-12
-151
-117
-86
243
-40
-82
460
413
214
17
- -
102
Working Capital
250
250
253
524
631
631
629
629
946
946
1,105
1,395
1,395
1,412
187
244
1,605
LT Debt
279
254
264
49
95
133
143
143
217
257
308
238
303
401
534
622
604
Total Equity
- -
- -
5.58
8.96
9.72
9.01
7.36
7.09
- -
9.18
7.76
- -
5.5
8.84
15.43
18.64
6.21
Return on Invested Capital (%)
- -
- -
8.23
10.88
12.68
11.23
9.14
9.04
- -
11.2
9.05
- -
9.55
10.92
18.35
25.62
7.08
Return on Capital (%)
-8.99
-22.29
8.43
- -
- -
- -
- -
- -
- -
109.31
61.45
-46.24
107.23
76.37
59.66
31.57
23.32
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
- -
- -
- -
LT Borrowings
1,520
- -
1,359
LT Finance Leases
240
244
246
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
37
37
37
Market Capitalization
1,755
1,776
3,442

Working Capital

FRC

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
285
- -
236
Cash, Cash Equivalents & STI
11
16
10
Accounts Receivable, Net
252
- -
213
Inventories
22
- -
13
Total Current Liabilities
192
- -
134
Payables & Accruals
192
- -
134
ST Debt
- -
- -
- -
Deferred Revenue
- -
5
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.38%
17.35%
16.51%
Free Cash Flow
-295.17%
-163.63%
-113.03%
Net Income, GAAP
-33.9%
-91.69%
-27.36%
Sales/Revenue/Turnover
3.92%
6.71%
3.22%
Total Cash Common Dividend
11.07%
0.41%
0.42%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
322
360
401
386
1,469
2024
371
376
385
384
1,517
2025
319
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.71
1.14
1.35
1.48
4.69
2024
0.72
0.92
0.86
0.9
3.39
2025
-0.17
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.28
0.28
0.28
0.28
1.11
2024
0.28
0.28
0.28
0.28
1.11
2025
0.28
- -
- -
- -
- -
Business
H&E Equipment Services, Inc. (HEES) operates as an integrated equipment services company specializing in heavy construction and industrial equipment rentals, sales, parts distribution, and related support services across the United States. The company maintains one of the industry's youngest fleets, encompassing aerial work platforms, cranes, earthmoving equipment, material handling machinery, compaction and paving units, general industrial lift trucks, and specialty lines; it also distributes new and used equipment from leading manufacturers such as Caterpillar, Komatsu, JLG, and Genie, while providing parts sales, maintenance, repair programs, crane remanufacturing, equipment training, and fleet management solutions. Headquartered in Baton Rouge, Louisiana, with over 140 branches spanning more than 30 states, H&E primarily serves customers in the construction, infrastructure, and industrial sectors, including heavy construction projects and industrial operations. Founded in 1961, the company operates through key segments of equipment rentals, new and used equipment sales, and parts and service support. In June 2025, H&E completed its acquisition by Herc Holdings Inc., becoming a wholly-owned subsidiary following a tender offer and merger valued at approximately $5.3 billion, with H&E shares ceasing to trade on Nasdaq; this transaction integrates H&E's fleet and operations into Herc Rentals, enhancing scale, cross-selling opportunities, and market presence in North America.

Company News

APIChat
  • Herc Holdings and H&E Equipment Services Announce Expiration of the Tender Offer to Acquire Shares of H&E Equipment Services and Expected Closing Date

  • Herc Holdings and H&E Equipment Services Announce Expiration of the Tender Offer to Acquire Shares of H&E Equipment Services and Expected Closing Date

  • Herc Holdings Extends Tender Offer to Acquire H&E Equipment Services

  • H&E Rentals Provides Update on Quarterly Cash Dividend

  • Herc Holdings Announces Expiration of HSR Act Waiting Period for Planned Acquisition of H&E Equipment Services

  • Herc Holdings Extends Tender Offer to Acquire H&E Equipment Services

  • Herc Holdings Extends Tender Offer to Acquire H&E Equipment Services

  • H&E Rentals Reports First Quarter 2025 Results

  • Herc Holdings Extends Tender Offer to Acquire H&E Equipment Services

  • Herc Holdings Commences Tender Offer for All Outstanding Shares of H&E Equipment Services

  • 3 Mid-Caps Worth Watching Closely in March

  • H&E Rentals Reports Fourth Quarter and Full Year 2024 Results

  • SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates HEES and GB on Behalf of Shareholders

  • ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of H&E Equipment Services, Inc.

  • H&E EQUIPMENT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of H&E Equipment Services, Inc. - HEES

  • H&E Rentals Reports Quarterly Cash Dividend

  • Notice of Withdrawal and Refiling of Premerger Notification and Report Form Under the HSR Act

  • United Rentals Tender Offer for H&E Equipment Services, Inc. Commences

  • SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates HEES and TURN on Behalf of Shareholders

  • H&E EQUIPMENT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of H&E Equipment Services, Inc. - HEES