• Herc Holdings average return on tangible equity for 2023 was 170.26, a 71.39% decline from 2022.
• Herc Holdings average return on tangible equity for 2022 was 99.34, a 96.21% increase from 2021.
• Herc Holdings average return on tangible equity for 2021 was 50.63, a 104.65% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.