H&E Equipment Services Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Revenue	14,302	13,771	13,267	12,309	13,387	12,999	Upgrade
Revenue Growth (YoY)	15.85%	3.80%	7.78%	-8.05%	2.99%	-1.93%	Upgrade
Cost of Revenue	4,595	4,495	3,987	4,250	4,104	3,878	Upgrade
Gross Profit	9,707	9,276	9,280	8,059	9,283	9,121	Upgrade
Selling, General & Admin	111	111	101	-	-	-	Upgrade
Other Operating Expenses	856	820	781	727	81	727	Upgrade
Operating Expenses	3,583	3,466	3,328	2,989	2,603	3,317	Upgrade
Operating Income	6,124	5,810	5,952	5,070	6,680	5,804	Upgrade
Interest Expense	-3,143	-3,019	-2,966	-2,300	-2,360	-2,228	Upgrade
Interest & Investment Income	267	313	259	147	192	184	Upgrade
Earnings From Equity Investments	1,529	1,558	1,310	999	898	1,019	Upgrade
Currency Exchange Gain (Loss)	5	-147	320	-185	10	28	Upgrade
Other Non Operating Income (Expenses)	805	784	575	369	267	349	Upgrade
EBT Excluding Unusual Items	5,587	5,299	5,450	4,100	5,687	5,156	Upgrade
Merger & Restructuring Charges	-24	-24	-65	-	-81	-	Upgrade
Impairment of Goodwill	-	-	-	-571	-	-	Upgrade
Gain (Loss) on Sale of Investments	14	11	-2,087	-3,055	-2	1	Upgrade
Gain (Loss) on Sale of Assets	572	620	-	-	30	-50	Upgrade
Asset Writedown	-	-	-	-	-3,126	-	Upgrade
Other Unusual Items	-	-	-	-	-342	-	Upgrade
Pretax Income	6,149	5,906	3,298	474	2,166	5,107	Upgrade
Income Tax Expense	1,160	922	842	322	120	194	Upgrade
Earnings From Continuing Operations	4,989	4,984	2,456	152	2,046	4,913	Upgrade
Earnings From Discontinued Operations	-8	395	612	633	-	-	Upgrade
Net Income to Company	4,981	5,379	3,068	785	2,046	4,913	Upgrade
Minority Interest in Earnings	-632	-681	-146	-37	-91	-297	Upgrade
Net Income	4,349	4,698	2,922	748	1,955	4,616	Upgrade
Preferred Dividends & Other Adjustments	110	104	93	107	140	159	Upgrade
Net Income to Common	4,239	4,594	2,829	641	1,815	4,457	Upgrade
Net Income Growth	23.24%	60.78%	290.64%	-61.74%	-57.65%	11.50%	Upgrade
Shares Outstanding (Basic)	1,040	1,038	1,030	995	973	940	Upgrade
Shares Outstanding (Diluted)	1,040	1,038	1,030	996	974	940	Upgrade
Shares Change (YoY)	0.29%	0.78%	3.41%	2.26%	3.62%	0.97%	Upgrade
EPS (Basic)	4.08	4.43	2.75	0.64	1.87	4.74	Upgrade
EPS (Diluted)	4.08	4.43	2.74	0.64	1.86	4.74	Upgrade
EPS Growth	23.31%	61.28%	325.97%	-65.36%	-60.76%	11.01%	Upgrade
Free Cash Flow	1,439	1,338	-881	-352	966	-1,077	Upgrade
Free Cash Flow Per Share	1.38	1.29	-0.85	-0.35	0.99	-1.15	Upgrade
Dividend Per Share	3.482	3.703	3.720	3.600	3.480	3.240	Upgrade
Dividend Growth	-7.87%	-0.47%	3.33%	3.45%	7.41%	8.00%	Upgrade
Gross Margin	67.87%	67.36%	69.95%	65.47%	69.34%	70.17%	Upgrade
Operating Margin	42.82%	42.19%	44.86%	41.19%	49.90%	44.65%	Upgrade
Profit Margin	29.64%	33.36%	21.32%	5.21%	13.56%	34.29%	Upgrade
Free Cash Flow Margin	10.06%	9.72%	-6.64%	-2.86%	7.22%	-8.29%	Upgrade
EBITDA	8,825	8,598	8,730	7,654	9,202	8,394	Upgrade
EBITDA Margin	61.70%	62.44%	65.80%	62.18%	68.74%	64.57%	Upgrade
D&A For EBITDA	2,701	2,788	2,778	2,584	2,522	2,590	Upgrade
EBIT	6,124	5,810	5,952	5,070	6,680	5,804	Upgrade
EBIT Margin	42.82%	42.19%	44.86%	41.19%	49.90%	44.65%	Upgrade
Effective Tax Rate	18.87%	15.61%	25.53%	67.93%	5.54%	3.80%	Upgrade

Updated Feb 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.