United Rentals, Inc.

URI Industrials Rental & Leasing Services

United Rentals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.1 billion, up 4.91% from fiscal 2024.

Revenue
+15.7%
EPS
+35.4%
Free cash flow
+1,473.7%
Total debt
+3.70%

Quarter to September 2026, against a year earlier

1,049.64 5.86 +0.56%
Market cap
$64.6B
P/E
23.1×
Fwd P/E
24.2×
Dividend yield
0.73%
F-score
5/9
Altman Z
3.21
Beneish M
−2.84
Dividend safety
80/100

United Rentals, Inc. (URI) Operating margin

Alert me on Operating margin

United Rentals, Inc.'s operating margin over the twelve months to 30 September 2026 was 25.5%, up 0.9 percentage points from fiscal 2025 (24.7%). Over the past ten years it has ranged from 21.1% (fiscal 2020) to 27.8% (fiscal 2022); the current reading is higher than 64% of that period. That is above the Rental & Leasing Services industry median of 8.37% and above the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 24.7% (1.81)
FY2024 26.5% (0.21)
FY2023 26.7% (1.06)
FY2022 27.8% 4.32
FY2021 23.4% 2.34
FY2020 21.1% (1.91)
FY2019 23.0% (1.24)
FY2018 24.3% 1.56
FY2017 22.7% (1.87)
FY2016 24.6% (1.54)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 28.8% 3.00
Jun 2026 25.8% 3.99
Mar 2026 21.8% (3.19)
Dec 2025 25.0% (1.34)
43 more quarters

Against its own ten years

Low 21.1% High 27.8%
Ten-year median 24.6%
Current reading's percentile 74

Operating margin against peers

Company Operating margin
AER Aercap Holdings N.V. compare 57.0%
EQPT EquipmentShare.com Inc. compare 33.6%
GATX GATX Corporation compare 29.9%
URI United Rentals, Inc. 25.5%
SUNB Sunbelt Rentals Holdings, Inc. compare 20.8%
HRI Herc Holdings Inc. compare 13.8%
R Ryder System, Inc. compare 7.87%
UHAL U-Haul Holding Company compare 7.71%
CAR Avis Budget Group, Inc. compare 7.10%
Rental & Leasing Services industry median 8.37%
Industrials sector median 5.21%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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