H&E Equipment Services Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 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
Operating Revenue	1,465	1,517	1,469	1,245	1,063	999.79
Other Revenue	-	-	-	-	-	7.18
Revenue	1,465	1,517	1,469	1,245	1,063	1,007
Revenue Growth (YoY)	-3.52%	3.22%	18.05%	17.10%	5.54%	-10.39%
Cost of Revenue	830.75	841.38	784.76	689.36	647.43	649.91
Gross Profit	633.93	675.2	684.46	555.16	415.36	357.06
Selling, General & Admin	442.21	444.71	398.39	339.04	286.67	262.4
Operating Expenses	452.96	455.45	405.13	343.85	290.79	266.4
Operating Income	180.97	219.75	279.33	211.32	124.57	90.67
Interest Expense	-70.59	-72.95	-60.89	-54.03	-53.76	-61.79
Other Non Operating Income (Expenses)	6.62	6.19	7.38	4.11	3.16	3.18
EBT Excluding Unusual Items	117	152.98	225.82	161.39	73.98	32.06
Merger & Restructuring Charges	-9.69	-0.1	-0.3	-	-	-
Impairment of Goodwill	-	-	-5.71	-	-	-55.66
Gain (Loss) on Sale of Assets	11.86	9.67	3.39	19.34	7.75	8.41
Other Unusual Items	-	-	-	-	-	-44.63
Pretax Income	119.17	162.55	223.2	180.73	81.72	-59.82
Income Tax Expense	28.28	39.56	53.9	47.04	21.16	-13.43
Earnings From Continuing Operations	90.89	122.98	169.29	133.69	60.56	-46.4
Earnings From Discontinued Operations	-	-	-	-1.52	41.98	13.73
Net Income	90.89	122.98	169.29	132.17	102.54	-32.67
Net Income to Common	90.89	122.98	169.29	132.17	102.54	-32.67
Net Income Growth	-46.38%	-27.36%	28.09%	28.90%	-	-
Shares Outstanding (Basic)	36	36	36	36	36	36
Shares Outstanding (Diluted)	36	37	36	36	36	36
Shares Change (YoY)	0.20%	0.48%	0.66%	-0.99%	1.06%	0.09%
EPS (Basic)	2.50	3.39	4.69	3.68	2.83	-0.91
EPS (Diluted)	2.49	3.37	4.66	3.66	2.81	-0.91
EPS Growth	-46.47%	-27.68%	27.40%	30.10%	-	-
Free Cash Flow	213.74	183.04	-176.46	-118.96	-59.23	292.58
Free Cash Flow Per Share	5.86	5.01	-4.86	-3.30	-1.63	8.11
Dividend Per Share	1.100	1.100	1.100	1.100	1.100	1.100
Gross Margin	43.28%	44.52%	46.59%	44.61%	39.08%	35.46%
Operating Margin	12.36%	14.49%	19.01%	16.98%	11.72%	9.00%
Profit Margin	6.21%	8.11%	11.52%	10.62%	9.65%	-3.24%
Free Cash Flow Margin	14.59%	12.07%	-12.01%	-9.56%	-5.57%	29.06%
EBITDA	242.52	278.44	320.72	244.89	156.01	124.17
EBITDA Margin	16.56%	18.36%	21.83%	19.68%	14.68%	12.33%
D&A For EBITDA	61.55	58.69	41.39	33.58	31.44	33.51
EBIT	180.97	219.75	279.33	211.32	124.57	90.67
EBIT Margin	12.36%	14.49%	19.01%	16.98%	11.72%	9.00%
Effective Tax Rate	23.73%	24.34%	24.15%	26.03%	25.89%	-
Revenue as Reported	1,465	1,517	1,469	1,245	1,063	1,007
Advertising Expenses	-	0.8	1.1	1	1.1	0.2

Updated Apr 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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