H&E Equipment Services Inc (HEES) - Net Assets
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. Check H&E Equipment Services Inc strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
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. For live market cap and overall valuation, see H&E Equipment Services Inc market cap and net worth.
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. Also explore HEES net asset momentum to track the company's year-over-year net asset growth rate.
| 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 |
|---|---|
|
Renasant Corporation
NYSE:RNST
|
$3.47 Billion |
|
Kimberly-Clark de México S. A. B. de C. V
MX:KIMBERA
|
$3.47 Billion |
|
Inter Cars S.A.
WAR:CAR
|
$3.47 Billion |
|
Star Health and Allied Insurance Company Limited
NSE:STARHEALTH
|
$3.47 Billion |
|
Societatea Nationala de Transport Gaze Naturale Transgaz SA
RO:TGN
|
$3.47 Billion |
|
Addsino Co Ltd
SHE:000547
|
$3.46 Billion |
|
Valvoline Inc
NYSE:VVV
|
$3.46 Billion |
|
Guangdong Electric Power Development Co Ltd
SHE:000539
|
$3.46 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: $1,155,046,956
- Average return on equity (ROE) among peers: 4.44%
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 | $3.47 Billion |
| AerCap Holdings NV (AER) | $2.12 Billion | 7.71% | 3.07x | $22.35 Billion |
| Senmiao Technology Ltd (AIHS) | $12.57 Million | -4.27% | 0.58x | $6.15 Million |
| Air Lease Corporation (AL) | $1.22 Billion | 0.00% | 0.86x | $7.24 Billion |
| Alta Equipment Group Inc (ALTG) | $-8.80 Million | 0.00% | 0.00x | $189.36 Million |
| TOUAX (ALTOU) | $184.69 Million | -7.00% | 2.92x | $26.51 Million |
| Avis Budget Group Inc (CAR) | $4.83 Billion | 12.46% | 2.00x | $4.13 Billion |
| Custom Truck One Source Inc (CTOS) | $917.20 Million | 5.53% | 2.67x | $2.06 Billion |
| FlexShopper Inc (FPAY) | $16.14 Million | 20.27% | 4.25x | $2.46K |
| FTAI Aviation Ltd. (FTAI) | $1.10 Billion | -8.05% | 2.08x | $19.47 Billion |
| GATX Corporation (GATX) | $1.15 Billion | 17.72% | 3.11x | $6.31 Billion |
About 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