H&E Equipment Services Inc
H&E Equipment Services, Inc. operates as an integrated equipment services company in the United States and internationally. It operates in four segments: Equipment Rentals; Sales of Rental Equipment; Sales of New Equipment; and Parts, Service and Other Revenues. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis. Its Sales o… Read more
H&E Equipment Services Inc (HEES) - Net Assets
Latest net assets as of March 2025: $603.88 Million USD
Based on the latest financial reports, H&E Equipment Services Inc (HEES) has net assets worth $603.88 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.68 Billion) and total liabilities ($2.07 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $603.88 Million |
| % of Total Assets | 22.55% |
| Annual Growth Rate | 15.27% |
| 5-Year Change | 229.79% |
| 10-Year Change | 451.0% |
| Growth Volatility | 53.33 |
H&E Equipment Services Inc - Net Assets Trend (2001–2024)
This chart illustrates how H&E Equipment Services Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for H&E Equipment Services Inc (2001–2024)
The table below shows the annual net assets of H&E Equipment Services Inc from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $785.66 Million | +47.05% |
| 2023-12-31 | $534.29 Million | +33.23% |
| 2022-12-31 | $401.04 Million | +32.19% |
| 2021-12-31 | $303.38 Million | +27.35% |
| 2020-12-31 | $238.23 Million | -22.53% |
| 2019-12-31 | $307.52 Million | +19.75% |
| 2018-12-31 | $256.80 Million | +18.46% |
| 2017-12-31 | $216.79 Million | +51.85% |
| 2016-12-31 | $142.76 Million | +0.12% |
| 2015-12-31 | $142.59 Million | +6.91% |
| 2014-12-31 | $133.37 Million | +40.66% |
| 2013-12-31 | $94.81 Million | +94.94% |
| 2012-12-31 | $48.64 Million | -81.59% |
| 2011-12-31 | $264.21 Million | +3.92% |
| 2010-12-31 | $254.25 Million | -8.83% |
| 2009-12-31 | $278.88 Million | -3.90% |
| 2008-12-31 | $290.21 Million | +0.74% |
| 2007-12-31 | $288.08 Million | +22.28% |
| 2006-12-31 | $235.58 Million | +4683.35% |
| 2005-12-31 | $-5.14 Million | +84.56% |
| 2004-12-31 | $-33.30 Million | -70.22% |
| 2003-12-31 | $-19.56 Million | -173.86% |
| 2002-12-31 | $26.49 Million | -11.41% |
| 2001-12-31 | $29.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to H&E Equipment Services Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1340.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $430.70 Million | 54.82% |
| Other Components | $354.96 Million | 45.18% |
| Total Equity | $785.66 Million | 100.00% |
H&E Equipment Services Inc Competitors by Market Cap
The table below lists competitors of H&E Equipment Services Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mobimo Hldg
SW:MOBN
|
$2.99 Billion |
|
Cleanaway Waste Management Limited
PINK:TSPCF
|
$3.00 Billion |
|
Shanxi LuAn Environmental Energy Development Co Ltd
SHG:601699
|
$3.00 Billion |
|
Karur Vysya Bank Limited
NSE:KARURVYSYA
|
$3.00 Billion |
|
Constellium Nv
NYSE:CSTM
|
$2.99 Billion |
|
Redwood Trust, Inc.
NYSE:RWTP
|
$2.99 Billion |
|
Q2 Holdings
NYSE:QTWO
|
$2.99 Billion |
|
SoundHound AI Inc
NASDAQ:SOUN
|
$2.99 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in H&E Equipment Services Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 534,289,000 to 785,665,000, a change of 251,376,000 (47.0%).
- Net income of 122,982,000 contributed positively to equity growth.
- Dividend payments of 40,209,000 reduced retained earnings.
- Share repurchases of 5,781,000 reduced equity.
- Other factors increased equity by 174,384,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $122.98 Million | +15.65% |
| Dividends Paid | $40.21 Million | -5.12% |
| Share Repurchases | $5.78 Million | -0.74% |
| Other Changes | $174.38 Million | +22.2% |
| Total Change | $- | 47.05% |
Book Value vs Market Value Analysis
This analysis compares H&E Equipment Services Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.39x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 80.69x to 4.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $1.17 | $94.64 | x |
| 2002-12-31 | $1.04 | $94.64 | x |
| 2003-12-31 | $-0.54 | $94.64 | x |
| 2004-12-31 | $-332.10 | $94.64 | x |
| 2005-12-31 | $-0.20 | $94.64 | x |
| 2006-12-31 | $6.37 | $94.64 | x |
| 2007-12-31 | $7.57 | $94.64 | x |
| 2008-12-31 | $8.16 | $94.64 | x |
| 2009-12-31 | $8.06 | $94.64 | x |
| 2010-12-31 | $7.33 | $94.64 | x |
| 2011-12-31 | $7.57 | $94.64 | x |
| 2012-12-31 | $1.39 | $94.64 | x |
| 2013-12-31 | $2.70 | $94.64 | x |
| 2014-12-31 | $3.78 | $94.64 | x |
| 2015-12-31 | $4.03 | $94.64 | x |
| 2016-12-31 | $4.02 | $94.64 | x |
| 2017-12-31 | $6.07 | $94.64 | x |
| 2018-12-31 | $7.15 | $94.64 | x |
| 2019-12-31 | $8.53 | $94.64 | x |
| 2020-12-31 | $6.61 | $94.64 | x |
| 2021-12-31 | $8.32 | $94.64 | x |
| 2022-12-31 | $11.11 | $94.64 | x |
| 2023-12-31 | $14.71 | $94.64 | x |
| 2024-12-31 | $21.55 | $94.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently H&E Equipment Services Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.65%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.11%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 3.77x
- Recent ROE (15.65%) is below the historical average (17.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 11.04% | 1.07% | 1.08x | 9.60x | $310.10K |
| 2002 | -31.04% | -2.34% | 0.74x | 17.98x | $-10.87 Million |
| 2003 | 0.00% | -11.12% | 1.01x | 0.00x | $-44.09 Million |
| 2004 | 0.00% | -2.87% | 1.17x | 0.00x | $-10.41 Million |
| 2005 | 0.00% | 4.69% | 1.13x | 0.00x | $28.67 Million |
| 2006 | 13.89% | 4.07% | 1.06x | 3.23x | $9.16 Million |
| 2007 | 22.43% | 6.44% | 0.99x | 3.52x | $35.82 Million |
| 2008 | 14.92% | 4.05% | 1.11x | 3.33x | $14.28 Million |
| 2009 | -4.28% | -1.76% | 0.89x | 2.74x | $-39.83 Million |
| 2010 | -10.01% | -4.43% | 0.78x | 2.89x | $-50.88 Million |
| 2011 | 3.38% | 1.24% | 0.96x | 2.85x | $-17.49 Million |
| 2012 | 59.29% | 3.44% | 0.89x | 19.38x | $23.97 Million |
| 2013 | 46.56% | 4.47% | 0.91x | 11.50x | $34.66 Million |
| 2014 | 41.34% | 5.06% | 0.80x | 10.19x | $41.80 Million |
| 2015 | 31.07% | 4.26% | 0.80x | 9.12x | $30.05 Million |
| 2016 | 26.04% | 3.80% | 0.79x | 8.70x | $22.90 Million |
| 2017 | 50.58% | 10.65% | 0.70x | 6.77x | $87.98 Million |
| 2018 | 29.84% | 6.18% | 0.72x | 6.73x | $50.94 Million |
| 2019 | 28.36% | 6.47% | 0.68x | 6.42x | $56.46 Million |
| 2020 | -13.71% | -2.79% | 0.59x | 8.31x | $-56.49 Million |
| 2021 | 19.96% | 5.70% | 0.51x | 6.86x | $30.23 Million |
| 2022 | 32.96% | 10.62% | 0.54x | 5.71x | $92.07 Million |
| 2023 | 31.69% | 11.52% | 0.56x | 4.94x | $115.86 Million |
| 2024 | 15.65% | 8.11% | 0.51x | 3.77x | $44.42 Million |
Industry Comparison
This section compares H&E Equipment Services Inc's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $1,407,402,768
- Average return on equity (ROE) among peers: -22.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| H&E Equipment Services Inc (HEES) | $603.88 Million | 11.04% | 3.43x | $2.99 Billion |
| AerCap Holdings NV (AER) | $95.64 Million | -290.23% | 46.07x | $21.49 Billion |
| Senmiao Technology Ltd (AIHS) | $12.57 Million | -4.27% | 0.58x | $6.15 Million |
| Artificial Intelligence Technology Solutions Inc (AITX) | $-746.83K | 0.00% | 0.00x | $12.64 Million |
| Air Lease Corporation (AL) | $7.16 Billion | 8.58% | 3.25x | $6.80 Billion |
| ALD S.A (ALLDF) | $2.76 Billion | 15.36% | 4.69x | $6.73 Billion |
| Alta Equipment Group Inc (ALTG) | $-8.62K | 0.00% | 0.00x | $101.18 Million |
| TOUAX (ALTOU) | $129.11 Million | -2.48% | 2.40x | $21.06 Million |
| Autohellas S.A (AOHLF) | $195.75 Million | 11.59% | 1.92x | $66.70 Million |
| Ashtead Group plc (ASHTF) | $3.28 Billion | 20.18% | 1.84x | $20.11 Billion |
| Ashtead Gro (ASHTY) | $442.03 Million | 17.62% | 2.79x | $30.08 Billion |