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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

1,049.20 74.59 −6.64%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

United Rentals, Inc. (URI) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2018: revenue by segment, and margins
General Rentals Segment	6,550	81.40%
Specialty Segment	1,497	18.60%
Gross margin		41.80%
Operating margin		24.25%
Pre-tax margin		18.34%

Revenue by segment $m

Line	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
General Rentals Segment	6,550 81.40%	5,565 83.80%	4,908 85.18%	5,032 86.51%	5,002 87.99%	4,591 92.65%	3,820 92.79%	2,389 91.50%	2,071 92.58%	2,202 93.38%
Specialty Segment	1,497 18.60%	1,076 16.20%	854 14.82%	785 13.49%	683 12.01%	364 7.35%	297 7.21%	222 8.50%	166 7.42%	156 6.62%
Revenue	8,047	6,641	5,762	5,817	5,685	4,955	4,117	2,611	2,237	2,358

Operating income by segment $m, and margin

	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Operating Segments	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
General Rentals Segment	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Specialty Segment	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by region $m

Line	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
UNITED STATES	7,387 91.80%	6,076 91.49%	5,252 91.15%	5,218 89.70%	4,962 87.28%	4,264 86.05%	3,498 84.96%	2,144 82.11%	1,888 84.40%	2,046 86.77%
Foreign	660 8.20%	565 8.51%	510 8.85%	599 10.30%	723 12.72%	691 13.95%	619 15.04%	467 17.89%	349 15.60%	312 13.23%
Revenue	8,047	6,641	5,762	5,817	5,685	4,955	4,117	2,611	2,237	2,358

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Average OEC	Q3 FY2026	7.90%	4.20%	—
Fleet productivity	Q3 FY2026	6.50%	2.00%	—
OEC recovery rate	Q3 FY2026	51.4%	—	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Average OEC	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fleet productivity	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
OEC recovery rate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.