Saturday 17 October 2026
Export URI’s income statement to Excel — free account
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. In the quarter to June 2026, revenue grew 11.8%, EPS grew 25.4%, free cash flow fell 21.2% and total debt rose 6.31%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for five; insiders bought in the last twelve months.
1,029.64
17.94
−1.71%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 41.90 | 100.62 | 94.28 | 99.00 | 58.85 | 224.52 | 230.54 | 325.15 | 533.70 | 525.91 |
Analyst estimates 2026–2028 Powerpack |
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| High | 109.90 | 174.40 | 190.74 | 170.04 | 249.60 | 414.99 | 373.91 | 585.50 | 896.98 | 1,021.47 | |||||
| People | |||||||||||||||
| People | Employees | 12,500 | 14,800 | 18,500 | 19,100 | 18,250 | 20,400 | 24,600 | 26,300 | 27,900 | 28,500 | ||||
| Revenue/emp, $m | 0.46 | 0.45 | 0.43 | 0.49 | 0.47 | 0.48 | 0.47 | 0.54 | 0.55 | 0.56 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 5,762 | 6,641 | 8,047 | 9,351 | 8,530 | 9,716 | 11,642 | 14,332 | 15,345 | 16,099 | ||||
| Gross margin, % | 41.70 | 41.70 | 41.80 | 39.25 | 37.32 | 39.66 | 42.91 | 40.56 | 40.08 | 38.16 | |||||
| EBT | 909 | 1,048 | 1,476 | 1,514 | 1,139 | 1,846 | 2,802 | 3,211 | 3,388 | 3,338 | |||||
| EBT margin, % | 15.78 | 15.78 | 18.34 | 16.19 | 13.35 | 19.00 | 24.07 | 22.40 | 22.08 | 20.73 | |||||
| Net income | 566 | 1,346 | 1,096 | 1,174 | 890 | 1,386 | 2,105 | 2,424 | 2,575 | 2,494 | |||||
| Depreciation | 1,254 | 1,392 | 1,683 | 2,053 | 2,002 | 1,996 | 2,230 | 2,795 | 2,918 | 3,123 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 66.07 | 78.50 | 97.36 | 120.91 | 117.40 | 134.14 | 164.66 | 209.32 | 231.29 | 249.83 | ||||
| Earnings | 6.45 | 15.73 | 13.25 | 15.19 | 12.24 | 19.14 | 29.77 | 35.39 | 38.84 | 38.61 | |||||
| Cash flow | 22.25 | 26.11 | 34.52 | 39.10 | 36.58 | 50.93 | 62.70 | 68.70 | 68.52 | 80.54 | |||||
| Capex | (9.50) | (15.64) | (19.41) | (19.16) | (3.55) | (30.37) | (38.20) | (35.58) | (38.27) | (47.47) | |||||
| Free cash flow | 12.75 | 10.47 | 15.11 | 19.94 | 33.03 | 20.56 | 24.50 | 33.12 | 30.25 | 33.07 | |||||
| Book value | 18.90 | 36.71 | 41.17 | 49.52 | 62.55 | 82.71 | 99.88 | 118.74 | 129.96 | 139.17 | |||||
| Shares, m | 87 | 85 | 83 | 77 | 73 | 72 | 71 | 68 | 66 | 64 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 16.79 | 11.03 | 7.71 | 10.95 | 18.92 | 17.39 | 11.94 | 16.00 | 18.15 | 20.91 | ||||
| P/S | 1.65 | 2.21 | 1.05 | 1.38 | 1.98 | 2.48 | 2.17 | 2.71 | 3.05 | 3.24 | |||||
| P/B | 5.79 | 4.73 | 2.49 | 3.37 | 3.71 | 4.02 | 3.57 | 4.78 | 5.42 | 5.82 | |||||
| EV/Sales | 2.95 | 3.58 | 2.51 | 2.60 | 3.09 | 3.46 | 3.13 | 3.49 | 3.89 | 4.09 | |||||
| EV/FCF | 15.30 | 26.83 | 16.16 | 15.74 | 10.97 | 22.57 | 21.06 | 22.04 | 29.74 | 30.93 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 1,941 | 2,209 | 2,853 | 3,024 | 2,658 | 3,689 | 4,433 | 4,704 | 4,546 | 5,190 | ||||
| Capex | (829) | (1,323) | (1,604) | (1,482) | (258) | (2,200) | (2,701) | (2,436) | (2,539) | (3,059) | |||||
| Free cash flow | 1,112 | 886 | 1,249 | 1,542 | 2,400 | 1,489 | 1,732 | 2,268 | 2,007 | 2,131 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 177 | 104 | (355) | (356) | 127 | (452) | 278 | (704) | (74) | (211) | ||||
| Total debt | 7,790 | 9,440 | 11,747 | 11,428 | 9,682 | 9,685 | 11,370 | 11,518 | 13,406 | 14,229 | |||||
| Net debt | 7,478 | 9,088 | 11,704 | 11,376 | 9,480 | 9,541 | 11,264 | 11,155 | 12,949 | 13,770 | |||||
| Shareholders’ equity | 1,648 | 3,106 | 3,403 | 3,830 | 4,545 | 5,991 | 7,062 | 8,130 | 8,622 | 8,968 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 4.70 | 9.96 | 6.61 | 6.33 | 4.83 | 7.26 | 9.47 | 9.74 | 9.58 | 8.60 | ||||
| ROIC | 9.69 | 7.72 | 8.07 | 8.85 | 8.02 | 9.16 | 11.02 | 12.40 | 11.78 | 10.92 | |||||
| ROE | 36.24 | 56.63 | 33.68 | 32.46 | 21.25 | 26.31 | 32.25 | 31.91 | 30.74 | 28.36 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
United Rentals, Inc. vs peers in Rental & Leasing Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| URI United Rentals, Inc. | $65.2B | 24.7× | 24.4× | +11.84% (above 0%: growing) | +25.44% (above 0%: growing) | −21.15% (below 0%: shrinking) | 39.27% | 25.80% | |
| AER Aercap Holdings N.V. | $22.5B | 7.1× | 8.6× | +14.86% (above 0%: growing) | −35.77% (below 0%: shrinking) | +28.45% (above 0%: growing) | 100.00% | 58.41% | Compare |
| UHAL U-Haul Holding Company | $10.1B | 407× | 74.7× | +3.16% (above 0%: growing) | −14.71% (below 0%: shrinking) | +71.17% (above 0%: growing) | 33.35% | 14.90% | Compare |
| R Ryder System, Inc. | $9.2B | 19.4× | 18.1× | +4.95% (above 0%: growing) | +8.31% (above 0%: growing) | +103.98% (above 0%: growing) | 19.72% | 7.56% | Compare |
| GATX GATX Corporation | $5.8B | 16.4× | 17.1× | +34.75% (above 0%: growing) | +37.68% (above 0%: growing) | +231.20% (above 0%: growing) | 72.56% | 27.65% | Compare |
| HRI Herc Holdings Inc. | $4.2B | 82.7× | 26.2× | +20.16% (above 0%: growing) | n/m | +100.00% (above 0%: growing) | 51.41% | 12.21% | Compare |
| CAR Avis Budget Group, Inc. | $3.9B | — (loss-making) | 51.7× | −1.35% (below 0%: shrinking) | +900.00% (above 0%: growing) | −28.24% (below 0%: shrinking) | 49.10% | 14.81% | Compare |
| EQPT EquipmentShare.com Inc. | $3.7B | 15.1× | 38.5× | +102.37% (above 0%: growing) | n/m | −17.02% (below 0%: shrinking) | 28.36% | 6.49% | Compare |
| WSC WillScot Holdings Corporation | $3.0B | — (loss-making) | 25.5× | +3.92% (above 0%: growing) | 0.00% | −60.91% (below 0%: shrinking) | 61.83% | 19.19% | Compare |
| Median of peers | $5.0B | 17.9× | 25.9× | +9.91% | +4.16% | +49.81% | 50.26% | 14.86% |
URI metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
United Rentals, Inc. (URI) key facts
- Concern: Net income was $2.5 billion, or $38.61 per share (basic), a net margin of 15.5%.
- Strength: United Rentals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.1 billion, up 4.91% from fiscal 2024.
- United Rentals, Inc. (URI) is a Rental & Leasing Services company in the Industrials sector, listed on the New York Stock Exchange.
- As of October 16, 2026, URI traded at $1,029.64, a market capitalization of $65.2 billion.
- At that price the stock trades at 24.7× trailing-twelve-month earnings and 3.8× sales; its P/E is higher than 93% of its own readings over the past ten years.
- United Rentals, Inc. pays an annual dividend of $7.70 per share, a yield of 0.75%, with a payout ratio of 18.5%.
- Return on equity was 28.4% and debt-to-equity 1.54.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 3.21 (safe zone) for fiscal 2025.