H&E Equipment Services, Inc. (HEES)

H&E Equipment Services Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue Revenue Growth	1,465	1,517	1,469	1,245	1,063	1,007
Revenue Growth	-3.52%	3.22%	18.05%	17.10%	5.54%	-10.39%
Gross Profit Gross Profit Growth	633.93	675.2	684.46	555.16	415.36	357.06
Operating Income Operating Income Growth	180.97	219.75	279.33	211.32	124.57	90.67
Net Income Net Income Growth	90.89	122.98	169.29	132.17	102.54	-32.67
Earnings Per Share EPS Growth	2.49	3.37	4.66	3.66	2.81	-0.91
EPS Growth	-46.47%	-27.68%	27.40%	30.10%	-	-

Revenue by Segment

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Equipment Rentals Equipment Rentals Growth	1,253	1,186	956.04	729.7	662.99
Rental Equipment Rental Equipment Growth	139.2	165.07	90.89	135.25	153.15
Parts, Service and Other Parts, Service and Other Growth	68.46	-	-	-	-
New Equipment New Equipment Growth	55.6	39.1	92.53	92.68	167.13
Parts Parts Growth	-	47.34	64.65	65.62	110.59
Services Services Growth	-	27.51	34.23	33.03	64.25
Unallocated Reconciling Unallocated Reconciling Growth	-	4.04	6.19	6.52	11

Cash & Debt

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Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Investments Cash & Investments Growth	10.32	16.41	8.5	81.33	357.3	310.88
Total Debt Total Debt Growth	1,605	1,687	1,614	1,412	1,416	1,405
Net Cash (Debt) Net Cash Growth	-1,595	-1,671	-1,605	-1,331	-1,059	-1,094
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-43.74	-45.77	-44.19	-36.89	-29.05	-30.33

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Cash Flow Operating Cash Flow Growth	510.05	495.6	405.48	313.24	259.57	286.02
Capital Expenditures CapEx Growth	-296.31	-312.57	-581.95	-432.2	-318.8	6.57
Free Cash Flow Free Cash Flow Growth	213.74	183.04	-176.46	-118.96	-59.23	292.58
Free Cash Flow Growth	-	-	-	-	-	211.22%

Margins

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Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
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%
Pretax Margin	8.14%	10.72%	15.19%	14.52%	7.69%	-5.94%
Profit Margin	6.21%	8.11%	11.52%	10.62%	9.65%	-3.24%
FCF Margin	14.59%	12.07%	-12.01%	-9.56%	-5.57%	29.06%

Dividends

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Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Oct 25, 2026	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Dividend Per Share Dividend Per Share Growth	1.100	1.100	1.100	1.100	1.100	1.100
Dividend Per Share Growth	0%	0%	0%	0%	0%	0%
Dividend Yield	1.16%	2.25%	2.15%	2.55%	2.69%	4.12%

Valuation

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Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Oct 25, 2026	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
PE Ratio	37.96	14.37	11.11	12.28	15.40	-
Forward PE	24.65	14.03	10.91	11.25	21.08	20.63
P/FCF Ratio	16.05	9.66	-	-	-	3.62
PS Ratio	2.35	1.17	1.28	1.30	1.49	1.05

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Data Sources Report a data error