Private company

H&E Equipment Services, Inc.

Miscellaneous equipment rental and leasing services company. Summary from the record

Last updated Oct 19, 2026.

Overview

  • IndustryServices-Miscellaneous Equipment Rental & Leasing1
  • HeadquartersBaton Rouge, Louisiana1
  • Business address7500 Pecue Lane, Baton Rouge, La 708092
  • Filer categoryLarge accelerated filer2

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Founded in 1961 through our predecessor companies, we have been in the equipment services business for approximately 63 years. H&E Equipment Services L.L.C. (“H&E LLC”) was formed in June 2002 through the combination of Head & Engquist Equipment, LLC, a wholly-owned subsidiary of Gulf Wide Industries, L.L.C., and ICM Equipment Company L.L.C. In connection with our initial public offering in February 2006, we converted H&E LLC into H&E Equipment Services, Inc., a Delaware corporation.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

44.5%Gross margin4
15.1%Operating margin4
8.1%Net margin4
3.2%Revenue growth, 20244
19.8%Return on equity4
$389.0MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue55¢$841.4M
  • Selling, general and admin30¢$455.6M
  • Other costs4¢$57.1M
  • Income tax3¢$39.6M
  • Profit8¢$123.0M

Out of $1.5B in revenue.4

Where each dollar of operating cash went, fiscal 2024

  • Capital spending22¢$106.6M
  • Dividends paid8¢$40.2M
  • Share buybacks1¢$5.8M
  • Kept or used elsewhere69¢$343.0M

Out of $495.6M of cash from operations.4

Financial statements

Revenue5674$1.5B in 2024+22% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $1.2B$1.2B20182019: $1.1B$1.1B2019−9%2020: $1.0B$1.0B2020−10%2021: $1.1B$1.1B2021+6%2022: $1.2B$1.2B2022+17%2023: $1.5B$1.5B2023+18%2024: $1.5B$1.5B2024+3%
Gross profit85674$675.2M in 2024+54% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $438.5M$438.5M20182019: $442.8M$442.8M2019+1%2020: $357.1M$357.1M2020−19%2021: $415.4M$415.4M2021+16%2022: $555.2M$555.2M2022+34%2023: $684.5M$684.5M2023+23%2024: $675.2M$675.2M2024−1%
Operating income85674$229.3M in 2024+38% since 2018
0$100.0M$200.0M$300.0M2018: $166.6M$166.6M20182019: $156.2M$156.2M2019−6%2020: $43.4M$43.4M2020−72%2021: $132.3M$132.3M2021+205%2022: $228.2M$228.2M2022+72%2023: $276.7M$276.7M2023+21%2024: $229.3M$229.3M2024−17%
Net income85674$123.0M in 2024+61% since 2018
-$100.0M0$100.0M$200.0M2018: $76.6M$76.6M20182019: $87.2M$87.2M2019+14%2020: -$32.7M-$32.7M20202021: $102.5M$102.5M20212022: $132.2M$132.2M2022+29%2023: $169.3M$169.3M2023+28%2024: $123.0M$123.0M2024−27%
Fiscal year2018201920202021202220232024
Revenue$1.2B5$1.1B5$1.0B6$1.1B7$1.2B4$1.5B4$1.5B4
Cost of revenue$800.4M8$680.9M5$649.9M6$647.4M7$689.4M4$784.8M4$841.4M4
Gross profit$438.5M8$442.8M5$357.1M6$415.4M7$555.2M4$684.5M4$675.2M4
Selling, general and admin$278.3M8$287.0M5$266.4M6$290.8M7$343.8M4$405.4M4$455.6M4
Operating income$166.6M8$156.2M5$43.4M6$132.3M7$228.2M4$276.7M4$229.3M4
Interest$63.7M8$68.3M5$61.8M6$53.8M7$54.0M7$60.9M7
Income before tax$81.7M7$180.7M4$223.2M4$162.5M4
Income tax$28.0M8$22.7M5-$13.4M6$21.2M7$47.0M4$53.9M4$39.6M4
Net income$76.6M8$87.2M5-$32.7M6$102.5M7$132.2M4$169.3M4$123.0M4
Earnings per share$2.158$2.435-$0.916$2.837$3.684$4.694$3.394
Earnings per share (diluted)$2.138$2.425-$0.916$2.817$3.664$4.664$3.374
Shares (weighted, basic)36.3M shares735.9M shares436.1M shares436.3M shares4
Shares (weighted, diluted)36.5M shares736.1M shares436.3M shares436.5M shares4

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Leadership

Who has led H&E Equipment Services, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John Engquist2006–2019
  2. Bradley W. Barber2019–now

Chair

  1. John Engquist2020–now

President

  1. John Engquist2006–2012
  2. Bradley W. Barber2013–2020

Chief financial officer

  1. Leslie S. Magee2006–now

Chief operating officer

  1. Bradley W. Barber2008–2019
2010201520202025
Board members and other officers (16)

Timeline

  1. Aug 5, 2019New chief executive Bradley W. Barber becomes CEO13
  2. Jan 26, 2006New chief executive John Engquist becomes CEO14

Filings

234 filings to the SEC since October 2021: 4 annual reports, 11 quarterly reports, 48 major events, 110 insider forms, 24 large holders, 37 other. The latest 20:

  1. Aug 13, 2026SCHEDULE 13G/A EDGAR
  2. Jun 12, 202515-12G EDGAR
  3. Jun 3, 2025S-8 POS EDGAR
  4. Jun 3, 2025S-8 POS EDGAR
  5. Jun 2, 202525-NSE EDGAR
  6. Jun 2, 20258-K EDGAR
  7. Jun 2, 20254 EDGAR
  8. Jun 2, 20254 EDGAR
  9. Jun 2, 20254 EDGAR
  10. Jun 2, 20254 EDGAR
  11. Jun 2, 20254 EDGAR
  12. Jun 2, 20254 EDGAR
  13. Jun 2, 20254 EDGAR
  14. Jun 2, 20254 EDGAR
  15. Jun 2, 20254 EDGAR
  16. Jun 2, 20254 EDGAR
  17. Jun 2, 20254 EDGAR
  18. Jun 2, 20254 EDGAR
  19. Jun 2, 20254 EDGAR
  20. May 30, 2025SC 14D9/A EDGAR

The 234 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

27 open-market trades by officers, directors and large owners since October 2021: 4 buys and 23 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 26, 2024Barber Bradley WCEOSale12,425$63.44$788.2KForm 4
Mar 25, 2024Barber Bradley WCEOSale1,092$63.42$69.3KForm 4
Mar 22, 2024Barber Bradley WCEOSale11,483$63.42$728.3KForm 4
Mar 21, 2024KARLSON LAWRENCE CDirectorSale8,725$61.00$532.2KForm 4
Mar 20, 2024Barber Bradley WCEOSale23,100$60.53$1.4MForm 4
Mar 12, 2024Bagley Gary WDirectorSale5,000$57.03$285.1KForm 4
Mar 11, 2024Bagley Gary WDirectorSale5,000$56.34$281.7KForm 4
Mar 8, 2024Barber Bradley WCEOSale1,900$60.41$114.8KForm 4
Mar 4, 2024Barber Bradley WCEOSale9,615$57.80$555.7KForm 4
Mar 1, 2024Barber Bradley WCEOSale15,385$57.54$885.3KForm 4
Mar 7, 2023Engquist John McDowellPresident & COOSale15,000$55.73$836.0KForm 4
Mar 1, 2023Bagley Gary WDirectorSale10,000$54.31$543.1KForm 4
Nov 10, 2022Bagley Gary WDirectorSale8,042$41.41$333.0KForm 4
Nov 9, 2022Bagley Gary WDirectorSale6,958$40.11$279.1KForm 4
Aug 12, 2022Bagley Gary WDirectorSale10,000$35.00$350.0KForm 4
Jun 13, 2022ARNOLD PAULDirectorBuy5,000$30.58$152.9KForm 4
Jun 2, 2022Bagley Gary WDirectorSale4,000$36.17$144.7KForm 4
Jun 1, 2022Bagley Gary WDirectorSale6,000$36.07$216.4KForm 4
May 27, 2022Bagley Gary WDirectorSale10,000$36.25$362.5KForm 4
May 26, 2022Bagley Gary WDirectorSale5,000$35.05$175.2KForm 4

All 27 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

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