• Herc Holdings average return on tangible equity for 2023 was 156.36, a 81.27% decline from 2022.
• Herc Holdings average return on tangible equity for 2022 was 86.26, a 89.04% increase from 2021.
• Herc Holdings average return on tangible equity for 2021 was 45.63, a 95.17% 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.