“These kinds of milestones are achieved only one way in an industry as competitive as ours. They are a direct result of our employees’ incredible work ethic and their all-in focus on customer service excellence and efficient operations.”
Pam Nicholson, President and Chief Executive Officer – Enterprise Holdings, October 2017
The financial strength and stability of Enterprise Holdings Inc. and its affiliate Enterprise Fleet Management are unmatched in our industry, thanks to a conservative and disciplined long-term approach to managing our business.
For more than 60 years, our founders and owners, the Taylor family, have put a significant portion of the companies' cumulative earnings right back into our privately held business – into building operations, creating opportunities for employees, and serving Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car customers.
It’s an approach that has helped make Enterprise Holdings the only investment-grade car rental company in North America. This stable financial footing is a distinct competitive advantage. For example, consider that since we acquired the National and Alamo brands in 2007, our annual revenues and fleet size have more than doubled, and our share of the U.S. airport business has grown 10 percentage points.
Today, with annual revenues of $22.3 billion, Enterprise Holdings and its affiliates own nearly 1.9 million cars and trucks, making us the largest car rental service provider in the world measured by revenue and fleet.
The Enterprise Holdings global network also currently operates in more than 90 countries and territories. The company’s three brands now serve more than 95 percent of the worldwide car rental market, with Enterprise, National and Alamo customers logging more than 25 billion miles worldwide every year.
In addition, Enterprise Holdings currently is ranked on the Forbes list of America’s Largest Private Companies. Furthermore, if Enterprise Holdings were publicly traded, it would rank on Fortune’s list of the 500 largest public companies in the U.S. In total, the annual revenues of Enterprise Holdings and Enterprise Fleet Management rank near the top of the global travel industry, ahead of many airlines and most cruise lines, hotels, tour operators and online travel agencies.
Performance charts that highlight our significant year-over-year growth are available here.
Managing for the Long Term
Managing our business for the long term reaches well beyond strictly financial matters to virtually every aspect of our company. For example, our independent regional subsidiaries deliver an unparalleled, diverse network of more than 6,400 fully staffed neighborhood and airport branch offices located within 15 miles of 90 percent of the U.S. population. Such accessibility and agility are unique in the car rental and travel industries, and our ability to quickly respond to demand fluctuations directly mitigates the historical volatility of airport car rental.
Our philosophy is that business is a marathon, not a 100-yard dash. We approach new opportunities conservatively, always placing a higher value on the long-term impact on our business than on the potential for short-term gain. And it's not just senior management's job; this approach plays out every day in the care and discipline our independent regional subsidiaries bring to using their resources and managing operations.
Enterprise Holdings and its affiliates do not share detailed financial information, as they are privately owned.
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Enterprise Holdings Inc. Financial Ratings
|Long-Term Rating||Short-Term Rating||Outlook|
|Standard & Poor's||A-||A-2||Stable|
|DBRS||A (low)||R-1 (low)||Stable|
Fiscal Year-End Press Releases