Hertz Global Holdings

HTZWW

Rental & Leasing Services · Industrials

Price

$0.81

-0.06 (-6.47%)

Market Cap

$556.8M

Exchange

NASDAQ Global Select

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count rising — dilution

+2.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 315.0M (2021) → 322.0M (2025)

Hertz Global Holdings rents cars and trucks to people who need temporary transportation. Its main brands include Hertz, Dollar, and Thrifty, and it serves both everyday travelers and business customers, mostly through airport locations and neighborhood lots across the United States and internationally.

Hertz makes money by charging daily or weekly rental fees, plus add-ons like insurance, GPS, and fuel options. It operates in over 160 countries, making it one of the largest car rental companies in the world. The ticker HTZWW refers to warrants issued after Hertz emerged from bankruptcy in 2021, not common stock. The company's thin margins — roughly 1.6% operating margin — reflect high costs from maintaining a large vehicle fleet, and its biggest challenge right now is managing the depreciation losses tied to its electric vehicle investments, which have lost value faster than expected as used EV prices have dropped sharply.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+10.5% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+26.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

2.5%ownership

Relatively low insider ownership

Cash Runway

~1 months

$1.2B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Hertz Global Holdings has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

8.8%

Thin — 8.8% gross margin

Operating Margin

-2.9%

Losing money on operations — -2.9%

ROCE

-0.3%

Weak — -0.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-1.0%

Shrinking sales (-1.0% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-91.2%

Burning cash (-91.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

0.13x

Dangerous — barely covers interest (0.1x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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