United Rental Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
United Rental has an operating margin of 24.7%, meaning the company retains $25 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 26.5% the prior year.
United Rental's revenue grew a modest 4.9% year-over-year to $16.1B. This slow but positive growth earns a score of 43/100.
United Rental has a moderate D/E ratio of 1.59. This balance of debt and equity financing earns a leverage score of 52/100.
United Rental's current ratio of 0.94 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 18/100, which could limit financial flexibility.
United Rental earns a strong 27.8% return on equity (ROE), meaning it generates $28 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 29.9% the prior year.
United Rental scores 3.29, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
United Rental passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, United Rental generates $2.08 in operating cash flow ($5.2B OCF vs $2.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows United Rental (URI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
United Rental generated $16.1B in revenue in fiscal year 2025. This represents an increase of 4.9% from the prior year.
United Rental's EBITDA was $4.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.0% from the prior year.
United Rental reported $2.5B in net income in fiscal year 2025. This represents a decrease of 3.1% from the prior year.
United Rental earned $38.61 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 0.2% from the prior year.
United Rental held $459.0M in cash against $14.3B in long-term debt as of fiscal year 2025.
United Rental paid $7.16 per share in dividends in fiscal year 2025. This represents an increase of 9.8% from the prior year.
United Rental had 63M shares outstanding in fiscal year 2025. This represents a decrease of 3.5% from the prior year.
United Rental's gross margin was 38.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.9 percentage points from the prior year.
United Rental's operating margin was 24.7% in fiscal year 2025, reflecting core business profitability. This is down 1.8 percentage points from the prior year.
United Rental's net profit margin was 15.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.3 percentage points from the prior year.
United Rental's ROE was 27.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.1 percentage points from the prior year.
United Rental spent $2.0B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 25.3% from the prior year.
URI Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.2B-0.5% | $4.2B+7.3% | $3.9B+6.0% | $3.7B-9.2% | $4.1B+2.6% | $4.0B+5.8% | $3.8B+8.3% | $3.5B |
| Cost of Revenue | $2.6B+2.1% | $2.6B+6.4% | $2.4B+2.0% | $2.4B-3.8% | $2.5B+4.8% | $2.3B+3.9% | $2.3B+5.4% | $2.1B |
| Gross Profit | $1.6B-4.5% | $1.7B+8.6% | $1.5B+13.1% | $1.4B-17.2% | $1.6B-0.6% | $1.6B+8.6% | $1.5B+12.8% | $1.3B |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $431.0M-2.5% | $442.0M+4.7% | $422.0M-3.4% | $437.0M+0.2% | $436.0M+4.8% | $416.0M+3.0% | $404.0M+3.9% | $389.0M |
| Operating Income | $1.1B-5.6% | $1.1B+11.1% | $1.0B+24.8% | $804.0M-26.0% | $1.1B-3.1% | $1.1B+11.8% | $1.0B+17.8% | $852.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $221.0M-6.4% | $236.0M+8.8% | $217.0M+27.6% | $170.0M-22.7% | $220.0M-8.7% | $241.0M+21.1% | $199.0M+30.1% | $153.0M |
| Net Income | $653.0M-6.8% | $701.0M+12.7% | $622.0M+20.1% | $518.0M-24.8% | $689.0M-2.7% | $708.0M+11.3% | $636.0M+17.3% | $542.0M |
| EPS (Diluted) | $10.27-5.9% | $10.91+13.8% | $9.59+21.2% | $7.91-24.5% | $10.47-2.1% | $10.70+12.2% | $9.54+18.7% | $8.04 |
URI Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $29.9B-0.7% | $30.1B+2.9% | $29.2B+4.1% | $28.1B-0.4% | $28.2B-0.9% | $28.4B+2.9% | $27.6B+3.6% | $26.7B |
| Current Assets | $3.6B-4.6% | $3.8B+7.5% | $3.5B+8.6% | $3.2B-0.2% | $3.2B-2.2% | $3.3B+3.2% | $3.2B+7.0% | $3.0B |
| Cash & Equivalents | $459.0M-10.4% | $512.0M-6.6% | $548.0M+1.1% | $542.0M+18.6% | $457.0M-4.6% | $479.0M+2.6% | $467.0M+8.9% | $429.0M |
| Inventory | $240.0M+2.6% | $234.0M-3.3% | $242.0M+6.6% | $227.0M+13.5% | $200.0M-5.2% | $211.0M-3.7% | $219.0M+5.3% | $208.0M |
| Accounts Receivable | $2.5B-2.7% | $2.6B+8.9% | $2.4B+3.0% | $2.3B-2.5% | $2.4B-1.6% | $2.4B+6.0% | $2.3B+1.8% | $2.2B |
| Goodwill | $7.1B+3.4% | $6.9B-0.1% | $6.9B+0.4% | $6.9B-0.6% | $6.9B+0.7% | $6.9B+1.5% | $6.7B-1.7% | $6.9B |
| Total Liabilities | $20.9B-0.8% | $21.1B+4.4% | $20.2B+4.7% | $19.3B-1.4% | $19.5B-1.5% | $19.8B+2.6% | $19.3B+4.3% | $18.5B |
| Current Liabilities | $3.8B-9.3% | $4.2B+2.7% | $4.1B+8.1% | $3.8B+14.2% | $3.3B-17.5% | $4.0B+1.4% | $4.0B+18.0% | $3.4B |
| Long-Term Debt | $14.3B+13.5% | $12.6B+4.1% | $12.1B+5.2% | $11.5B-14.6% | $13.5B+13.4% | $11.9B+3.2% | $11.5B+1.8% | $11.3B |
| Total Equity | $9.0B-0.4% | $9.0B-0.4% | $9.0B+2.8% | $8.8B+1.9% | $8.6B+0.5% | $8.6B+3.6% | $8.3B+2.0% | $8.1B |
| Retained Earnings | $15.8B+3.5% | $15.3B+4.0% | $14.7B+3.5% | $14.2B+2.9% | $13.8B+4.4% | $13.2B+4.8% | $12.6B+4.4% | $12.1B |
URI Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.3B+6.4% | $1.2B-11.1% | $1.3B-6.8% | $1.4B+36.0% | $1.0B-13.0% | $1.2B-4.8% | $1.3B+22.9% | $1.0B |
| Capital Expenditures | N/A | N/A | N/A | N/A | $577.0M-57.9% | $1.4B-10.2% | $1.5B+134.0% | $653.0M |
| Free Cash Flow | N/A | N/A | N/A | N/A | $471.0M+380.4% | -$168.0M+36.1% | -$263.0M-169.9% | $376.0M |
| Investing Cash Flow | -$603.0M+49.5% | -$1.2B+1.4% | -$1.2B-235.5% | -$361.0M+29.9% | -$515.0M+55.9% | -$1.2B+1.6% | -$1.2B+7.3% | -$1.3B |
| Financing Cash Flow | -$712.0M-4985.7% | -$14.0M+89.6% | -$134.0M+86.3% | -$981.0M-85.8% | -$528.0M-1500.0% | -$33.0M+13.2% | -$38.0M-111.7% | $325.0M |
| Dividends Paid | $114.0M-0.9% | $115.0M-1.7% | $117.0M-0.8% | $118.0M+9.3% | $108.0M+0.9% | $107.0M-1.8% | $109.0M-0.9% | $110.0M |
| Share Buybacks | $631.0M+2.1% | $618.0M+43.4% | $431.0M+49.1% | $289.0M-28.3% | $403.0M+6.9% | $377.0M+0.3% | $376.0M-9.4% | $415.0M |
URI Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.8%-1.6pp | 39.4%+0.5pp | 38.9%+2.4pp | 36.5%-3.5pp | 40.0%-1.3pp | 41.3%+1.1pp | 40.2%+1.6pp | 38.6% |
| Operating Margin | 25.0%-1.3pp | 26.3%+0.9pp | 25.4%+3.8pp | 21.6%-4.9pp | 26.5%-1.6pp | 28.1%+1.5pp | 26.6%+2.2pp | 24.4% |
| Net Margin | 15.5%-1.1pp | 16.6%+0.8pp | 15.8%+1.8pp | 13.9%-2.9pp | 16.8%-0.9pp | 17.7%+0.9pp | 16.9%+1.3pp | 15.6% |
| Return on Equity | 7.3%-0.5pp | 7.8%+0.9pp | 6.9%+1.0pp | 5.9%-2.1pp | 8.0%-0.3pp | 8.3%+0.6pp | 7.7%+1.0pp | 6.7% |
| Return on Assets | 2.2%-0.1pp | 2.3%+0.2pp | 2.1%+0.3pp | 1.8%-0.6pp | 2.5%-0.0pp | 2.5%+0.2pp | 2.3%+0.3pp | 2.0% |
| Current Ratio | 0.94+0.0 | 0.90+0.0 | 0.860.0 | 0.85-0.1 | 0.98+0.2 | 0.82+0.0 | 0.81-0.1 | 0.89 |
| Debt-to-Equity | 1.59+0.2 | 1.40+0.1 | 1.34+0.0 | 1.31-0.3 | 1.56+0.2 | 1.380.0 | 1.390.0 | 1.39 |
| FCF Margin | N/A | N/A | N/A | N/A | 11.5%+15.7pp | -4.2%+2.8pp | -7.0%-17.8pp | 10.8% |
Note: The current ratio is below 1.0 (0.94), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Frequently Asked Questions
What is United Rental's annual revenue?
United Rental (URI) reported $16.1B in total revenue for fiscal year 2025. This represents a 4.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is United Rental's revenue growing?
United Rental (URI) revenue grew by 4.9% year-over-year, from $15.3B to $16.1B in fiscal year 2025.
Is United Rental profitable?
Yes, United Rental (URI) reported a net income of $2.5B in fiscal year 2025, with a net profit margin of 15.5%.
What is United Rental's earnings per share (EPS)?
United Rental (URI) reported diluted earnings per share of $38.61 for fiscal year 2025. This represents a -0.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is United Rental's EBITDA?
United Rental (URI) had EBITDA of $4.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does United Rental have?
As of fiscal year 2025, United Rental (URI) had $459.0M in cash and equivalents against $14.3B in long-term debt.
What is United Rental's gross margin?
United Rental (URI) had a gross margin of 38.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is United Rental's operating margin?
United Rental (URI) had an operating margin of 24.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is United Rental's net profit margin?
United Rental (URI) had a net profit margin of 15.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does United Rental pay dividends?
Yes, United Rental (URI) paid $7.16 per share in dividends during fiscal year 2025.
What is United Rental's return on equity (ROE)?
United Rental (URI) has a return on equity of 27.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is United Rental's operating cash flow?
United Rental (URI) generated $5.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are United Rental's total assets?
United Rental (URI) had $29.9B in total assets as of fiscal year 2025, including both current and long-term assets.
Does United Rental buy back shares?
Yes, United Rental (URI) spent $2.0B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does United Rental have outstanding?
United Rental (URI) had 63M shares outstanding as of fiscal year 2025.
What is United Rental's current ratio?
United Rental (URI) had a current ratio of 0.94 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is United Rental's debt-to-equity ratio?
United Rental (URI) had a debt-to-equity ratio of 1.59 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is United Rental's return on assets (ROA)?
United Rental (URI) had a return on assets of 8.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is United Rental's Altman Z-Score?
United Rental (URI) has an Altman Z-Score of 3.29, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is United Rental's Piotroski F-Score?
United Rental (URI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are United Rental's earnings high quality?
United Rental (URI) has an earnings quality ratio of 2.08x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is United Rental?
United Rental (URI) scores 62 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.