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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 2.35B | 13.1% |
| Gross Profit | -406M | 9.6% |
| Cost of Revenue | 2.76B | 9.1% |
| Operating expense | 284M | 25.7% |
| Net Income | -865M | 365.1% |
| EBITDA | -417M | 21.5% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 25.2B | 3.6% |
| Total Liabilities | 23.2B | 8% |
| Total Equity | 1.96B | 30.4% |
| Shares Outstanding | 306M | 0.3% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 546M | 47.6% |
| Cash from investing | -2.08B | 195.4% |
| Cash from financing | 1.58B | 1761.2% |
EPS
Financial Highlights for Hertz in Q2 '24
Hertz reported a revenue of 2.35B, which is a 13.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -406M, marking a 9.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.76B, a 9.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 284M, showing a 25.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -865M, showing a -365.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -417M, showing a 21.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Hertz faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
