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.

United Rental Financials

URI

Trailing 12 months to March 31, 2026

Revenue $16.4B +5.0% YoY

Net Income $2.5B -1.7% YoY

EPS (Diluted) $39.20 +1.5% YoY

Free Cash Flow Not reported for the trailing 12 months

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Apr 22, 2026 Currency USD FYE December

United Rental (URI) reported $16.4B in revenue over the twelve months to Mar 31, 2026, up 5.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI URI FY2025 2026-08-15

United Rentals is a cash-generating, asset-heavy rental model that keeps liquidity tight because most cash is reinvested or returned.

From FY2023 to FY2025, operating cash flow rose from $4.70B to $5.19B. Over the same span, gross margin slipped from 40.6% to 38.2% while return on assets also moved down, so the business is still cash-generative but newer assets are earning a bit less on each dollar invested.

Year-end cash stayed near $459M while share repurchases reached $1.97B in FY2025, showing that excess cash is being used quickly rather than parked on the balance sheet. That helps explain why the current ratio remained below 1.0 even with accounts receivable at $2.51B: day-to-day liquidity depends more on collections than on a large cash reserve.

The balance sheet remains deliberately leveraged: debt to equity was 1.4x and long-term debt reached $12.7B in FY2025. Even so, return on equity stayed high at 27.8%, which suggests leverage is amplifying a profitable operating model rather than covering a weak one.

Financial Health Signals

Financial Health Score 53/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of United Rental's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

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 94/100, reflecting efficient cost management and pricing power. This is down from 26.5% the prior year.

Growth

United Rental's revenue grew a modest 4.9% year-over-year to $16.1B. This slow but positive growth earns a score of 54/100.

Leverage

United Rental has elevated debt relative to equity (D/E of 1.41), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 22/100, reflecting increased financial risk.

Liquidity

United Rental's current ratio of 0.94 is below the typical benchmark, resulting in a score of 17/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Returns

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 87/100. This is down from 29.9% the prior year.

Altman Z-Score Safe

3.60

United Rental scores 3.60, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($65.8B) relative to total liabilities ($20.9B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

5/9

United Rental passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.08x

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.

Key Financial Metrics

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Earnings & Revenue

Revenue

$16.1B

YoY+4.9%

5Y CAGR+13.5%

10Y CAGR+10.7%

United Rental generated $16.1B in revenue in fiscal year 2025. This represents an increase of 4.9% from the prior year.

EBITDA

$4.4B

YoY-2.0%

5Y CAGR+15.1%

10Y CAGR+4.8%

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.

Net Income

$2.5B

YoY-3.1%

5Y CAGR+22.9%

10Y CAGR+15.6%

United Rental reported $2.5B in net income in fiscal year 2025. This represents a decrease of 3.1% from the prior year.

EPS (Diluted)

$38.61

YoY-0.2%

5Y CAGR+25.9%

10Y CAGR+20.3%

United Rental earned $38.61 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 0.2% from the prior year.

Cash & Balance Sheet

Cash & Debt

$459.0M

YoY+0.4%

5Y CAGR+17.8%

10Y CAGR+9.9%

United Rental held $459.0M in cash against $12.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

$7.16

YoY+9.8%

United Rental paid $7.16 per share in dividends in fiscal year 2025. This represents an increase of 9.8% from the prior year.

Shares Outstanding

63M

YoY-3.5%

5Y CAGR-2.7%

10Y CAGR-3.6%

United Rental had 63M shares outstanding in fiscal year 2025. This represents a decrease of 3.5% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin

38.2%

YoY-1.9pp

5Y CAGR+0.8pp

10Y CAGR-4.5pp

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.

Operating Margin

24.7%

YoY-1.8pp

5Y CAGR+3.6pp

10Y CAGR-1.4pp

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.

Net Margin

15.5%

YoY-1.3pp

5Y CAGR+5.1pp

10Y CAGR+5.4pp

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.

Return on Equity

27.8%

YoY-2.1pp

5Y CAGR+8.2pp

10Y CAGR-11.8pp

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.

Capital Allocation

Share Buybacks

$2.0B

YoY+25.3%

5Y CAGR+47.1%

10Y CAGR+9.6%

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.

R&D Spending

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

URI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

URI quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$16.4B	$16.1B+4.9%	$15.3B+7.1%	$14.3B+23.1%	$11.6B+19.8%	$9.7B+13.9%	$8.5B-8.8%	$9.4B+16.2%	$8.0B+21.2%	$6.6B+15.3%	$5.8B-0.9%	$5.8B+2.3%	$5.7B+14.7%	$5.0B+20.4%	$4.1B+57.7%	$2.6B
Cost of Revenue	N/A	$10.0B+8.3%	$9.2B+7.9%	$8.5B+28.2%	$6.6B+13.4%	$5.9B+9.7%	$5.3B-5.9%	$5.7B+21.3%	$4.7B+20.9%	$3.9B+15.3%	$3.4B+0.7%	$3.3B+2.6%	$3.3B+9.6%	$3.0B+17.3%	$2.5B+47.7%	$1.7B
Gross Profit	$6.3B	$6.1B-0.1%	$6.2B+5.8%	$5.8B+16.4%	$5.0B+29.7%	$3.9B+21.0%	$3.2B-13.3%	$3.7B+9.1%	$3.4B+21.5%	$2.8B+15.2%	$2.4B-3.1%	$2.5B+2.0%	$2.4B+22.4%	$2.0B+25.2%	$1.6B+76.7%	$898.0M
SG&A Expenses	N/A	$1.7B+5.3%	$1.6B+7.7%	$1.5B+9.1%	$1.4B+16.8%	$1.2B+22.5%	$979.0M-10.3%	$1.1B+5.2%	$1.0B+15.0%	$903.0M+25.6%	$719.0M+0.7%	$714.0M-5.8%	$758.0M+18.1%	$642.0M+9.2%	$588.0M+44.5%	$407.0M
Operating Income	$4.0B	$4.0B-2.3%	$4.1B+6.2%	$3.8B+18.4%	$3.2B+41.9%	$2.3B+26.5%	$1.8B-16.4%	$2.2B+10.3%	$2.0B+29.5%	$1.5B+6.5%	$1.4B-6.8%	$1.5B+9.1%	$1.4B+29.0%	$1.1B+82.4%	$591.0M+49.2%	$396.0M
Income Tax	N/A	$844.0M+3.8%	$813.0M+3.3%	$787.0M+12.9%	$697.0M+51.5%	$460.0M+84.7%	$249.0M-26.8%	$340.0M-10.5%	$380.0M+227.5%	-$298.0M-186.9%	$343.0M-9.3%	$378.0M+21.9%	$310.0M+42.2%	$218.0M+1576.9%	$13.0M-79.4%	$63.0M
Net Income	$2.5B	$2.5B-3.1%	$2.6B+6.2%	$2.4B+15.2%	$2.1B+51.9%	$1.4B+55.7%	$890.0M-24.2%	$1.2B+7.1%	$1.1B-18.6%	$1.3B+137.8%	$566.0M-3.2%	$585.0M+8.3%	$540.0M+39.5%	$387.0M+416.0%	$75.0M-25.7%	$101.0M
EPS (Diluted)	$39.20	$38.61-0.2%	$38.69+9.7%	$35.28+19.0%	$29.65+55.7%	$19.04+56.1%	$12.20-19.3%	$15.11+15.2%	$13.12-16.6%	$15.73+143.9%	$6.45+6.3%	$6.07+17.9%	$5.15+41.5%	$3.64+360.8%	$0.79-42.8%	$1.38

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$4.0B-5.3%	$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
Cost of Revenue	$2.5B	N/A	$2.6B+6.4%	$2.4B+2.0%	$2.4B	N/A	$2.3B+3.9%	$2.3B
Gross Profit	$1.5B-7.6%	$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
SG&A Expenses	$441.0M	N/A	$442.0M+4.7%	$422.0M-3.4%	$437.0M	N/A	$416.0M+3.0%	$404.0M
Operating Income	$869.0M-17.4%	$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
Income Tax	$170.0M	N/A	$236.0M+8.8%	$217.0M+27.6%	$170.0M	N/A	$241.0M+21.1%	$199.0M
Net Income	$531.0M-18.7%	$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
EPS (Diluted)	$8.43-17.9%	$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

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

URI Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

URI quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$29.9B+6.0%	$28.2B+10.1%	$25.6B+5.8%	$24.2B+19.2%	$20.3B+13.6%	$17.9B-5.8%	$19.0B+4.6%	$18.1B+20.6%	$15.0B+25.4%	$12.0B-0.8%	$12.1B-0.4%	$12.1B+11.5%	$10.9B-1.4%	$11.0B+166.1%	$4.1B
Current Assets	$3.6B+11.0%	$3.2B+10.8%	$2.9B+7.7%	$2.7B+26.6%	$2.2B+6.6%	$2.0B+9.5%	$1.8B+4.6%	$1.8B-0.6%	$1.8B+30.2%	$1.4B+5.2%	$1.3B-0.3%	$1.3B-4.7%	$1.4B+1.4%	$1.3B+85.8%	$723.0M
Cash & Equivalents	$459.0M+0.4%	$457.0M+25.9%	$363.0M+242.5%	$106.0M-26.4%	$144.0M-28.7%	$202.0M+288.5%	$52.0M+20.9%	$43.0M-87.8%	$352.0M+12.8%	$312.0M+74.3%	$179.0M+13.3%	$158.0M-9.7%	$175.0M+65.1%	$106.0M+194.4%	$36.0M
Inventory	$240.0M+20.0%	$200.0M-2.4%	$205.0M-11.6%	$232.0M+41.5%	$164.0M+31.2%	$125.0M+4.2%	$120.0M+10.1%	$109.0M+45.3%	$75.0M+10.3%	$68.0M-1.4%	$69.0M-11.5%	$78.0M+11.4%	$70.0M+2.9%	$68.0M+54.5%	$44.0M
Accounts Receivable	$2.5B+6.5%	$2.4B+5.7%	$2.2B+11.3%	$2.0B+19.5%	$1.7B+27.5%	$1.3B-14.1%	$1.5B-1.0%	$1.5B+25.3%	$1.2B+34.0%	$920.0M-1.1%	$930.0M-1.1%	$940.0M+16.9%	$804.0M+1.4%	$793.0M+70.9%	$464.0M
Goodwill	$7.1B+3.2%	$6.9B+16.2%	$5.9B-1.4%	$6.0B+9.0%	$5.5B+7.0%	$5.2B+0.3%	$5.2B+1.9%	$5.1B+23.9%	$4.1B+25.2%	$3.3B+0.5%	$3.2B-0.9%	$3.3B+10.8%	$3.0B-0.6%	$3.0B+927.7%	$289.0M
Total Liabilities	$20.9B+6.9%	$19.5B+11.9%	$17.5B+2.0%	$17.1B+19.7%	$14.3B+7.3%	$13.3B-12.0%	$15.1B+2.8%	$14.7B+23.5%	$11.9B+15.3%	$10.3B-2.5%	$10.6B+2.7%	$10.3B+10.1%	$9.4B-0.7%	$9.5B+134.0%	$4.0B
Current Liabilities	$3.8B+14.9%	$3.3B-8.6%	$3.6B+48.8%	$2.4B-6.1%	$2.6B+37.7%	$1.9B-14.0%	$2.2B+3.9%	$2.1B+26.9%	$1.7B+40.9%	$1.2B-4.0%	$1.2B-16.6%	$1.5B+14.9%	$1.3B-4.8%	$1.4B+56.4%	$864.0M
Long-Term Debt	$12.7B+3.5%	$12.2B+21.6%	$10.1B-10.3%	$11.2B+27.7%	$8.8B-2.2%	$9.0B-13.9%	$10.4B-3.8%	$10.8B+24.4%	$8.7B+21.2%	$7.2B-4.8%	$7.6B+2.9%	$7.3B+11.8%	$6.6B-1.6%	$6.7B+157.7%	$2.6B
Total Equity	$9.0B+4.0%	$8.6B+6.1%	$8.1B+15.1%	$7.1B+17.9%	$6.0B+31.8%	$4.5B+18.7%	$3.8B+12.5%	$3.4B+9.6%	$3.1B+88.5%	$1.6B+11.7%	$1.5B-17.8%	$1.8B-1.8%	$1.8B+18.5%	$1.5B+2310.9%	$64.0M
Retained Earnings	$15.8B+14.7%	$13.8B+18.3%	$11.7B+20.9%	$9.7B+27.9%	$7.6B+22.5%	$6.2B+16.9%	$5.3B+28.6%	$4.1B+36.5%	$3.0B+81.7%	$1.7B+52.0%	$1.1B+116.3%	$503.0M+1459.5%	-$37.0M+91.3%	-$424.0M+15.0%	-$499.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$29.9B+0.1%	$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
Current Assets	$3.3B-8.2%	$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
Cash & Equivalents	$156.0M-66.0%	$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
Inventory	$256.0M+6.7%	$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
Accounts Receivable	$2.6B+2.0%	$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
Goodwill	$7.3B+2.3%	$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
Total Liabilities	$20.9B+0.1%	$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
Current Liabilities	$4.1B+8.1%	$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
Long-Term Debt	$12.3B-3.1%	$12.7B+0.4%	$12.6B+4.1%	$12.1B+5.2%	$11.5B-5.9%	$12.2B+2.9%	$11.9B+3.2%	$11.5B
Total Equity	$9.0B0.0%	$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
Retained Earnings	$16.3B+2.6%	$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

URI Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

URI quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$5.3B	$5.2B+14.2%	$4.5B-3.4%	$4.7B+6.1%	$4.4B+20.2%	$3.7B+38.8%	$2.7B-12.1%	$3.0B+6.0%	$2.9B+29.2%	$2.2B+13.8%	$1.9B-2.7%	$2.0B+10.8%	$1.8B+16.1%	$1.6B+115.1%	$721.0M+17.8%	$612.0M
Capital Expenditures	N/A	N/A	$4.1B+6.9%	$3.9B+4.7%	$3.7B+15.4%	$3.2B+1523.4%	$197.0M-9.6%	$218.0M+17.8%	$185.0M+54.2%	$120.0M+29.0%	$93.0M-8.8%	$102.0M-15.0%	$120.0M+15.4%	$104.0M+7.2%	$97.0M+169.4%	$36.0M
Free Cash Flow	N/A	N/A	$416.0M-50.5%	$840.0M+13.1%	$743.0M+51.3%	$491.0M-80.0%	$2.5B-12.3%	$2.8B+5.2%	$2.7B+27.7%	$2.1B+13.0%	$1.8B-2.4%	$1.9B+12.6%	$1.7B+16.2%	$1.4B+131.9%	$624.0M+8.3%	$576.0M
Investing Cash Flow	-$3.9B	-$3.4B+18.8%	-$4.1B-39.4%	-$3.0B+40.7%	-$5.0B-38.9%	-$3.6B-1519.3%	-$223.0M+87.0%	-$1.7B+62.4%	-$4.6B-23.5%	-$3.7B-334.9%	-$847.0M+27.6%	-$1.2B+41.5%	-$2.0B-69.9%	-$1.2B+44.1%	-$2.1B-143.2%	-$865.0M
Financing Cash Flow	-$1.8B	-$1.8B-571.9%	-$274.0M+81.4%	-$1.5B-367.0%	$552.0M+494.3%	-$140.0M+93.9%	-$2.3B-75.7%	-$1.3B-193.4%	$1.4B-6.7%	$1.5B+255.3%	-$964.0M-24.4%	-$775.0M-495.4%	$196.0M+166.4%	-$295.0M-120.3%	$1.5B+1716.3%	$80.0M
Dividends Paid	$471.0M	$464.0M+6.9%	$434.0M+6.9%	$406.0M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$2.1B	$2.0B+25.3%	$1.6B+46.8%	$1.1B+0.2%	$1.1B+3041.2%	$34.0M-88.1%	$286.0M-67.1%	$870.0M+6.5%	$817.0M+1358.9%	$56.0M-89.4%	$528.0M-33.1%	$789.0M+28.7%	$613.0M+433.0%	$115.0M-12.2%	$131.0M+1771.4%	$7.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$1.5B+20.5%	$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
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$577.0M-57.9%	$1.4B-10.2%	$1.5B
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	$471.0M+380.4%	-$168.0M+36.1%	-$263.0M
Investing Cash Flow	-$853.0M-41.5%	-$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
Financing Cash Flow	-$958.0M-34.6%	-$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
Dividends Paid	$125.0M+9.6%	$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
Share Buybacks	$421.0M-33.3%	$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

URI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

URI quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	38.2%-1.9pp	40.1%-0.5pp	40.6%-2.3pp	42.9%+3.2pp	39.7%+2.3pp	37.3%-1.9pp	39.3%-2.5pp	41.8%+0.1pp	41.7%0.0pp	41.7%-0.9pp	42.6%-0.2pp	42.8%+2.7pp	40.1%+1.6pp	38.6%+4.2pp	34.4%
Operating Margin	24.7%-1.8pp	26.5%-0.2pp	26.7%-1.1pp	27.8%+4.3pp	23.4%+2.3pp	21.1%-1.9pp	23.0%-1.2pp	24.3%+1.6pp	22.7%-1.9pp	24.6%-1.5pp	26.1%+1.6pp	24.5%+2.7pp	21.8%+7.4pp	14.4%-0.8pp	15.2%
Net Margin	15.5%-1.3pp	16.8%-0.1pp	16.9%-1.2pp	18.1%+3.8pp	14.3%+3.8pp	10.4%-2.1pp	12.6%-1.1pp	13.6%-6.7pp	20.3%+10.4pp	9.8%-0.2pp	10.1%+0.6pp	9.5%+1.7pp	7.8%+6.0pp	1.8%-2.0pp	3.9%
Return on Equity	27.8%-2.1pp	29.9%+0.1pp	29.8%0.0pp	29.8%+6.7pp	23.1%+3.6pp	19.6%-11.1pp	30.6%-1.6pp	32.2%-11.1pp	43.3%+9.0pp	34.3%-5.3pp	39.6%+9.6pp	30.1%+8.9pp	21.2%+16.3pp	4.9%-153.0pp	157.8%
Return on Assets	8.3%-0.8pp	9.1%-0.3pp	9.5%+0.8pp	8.7%+1.9pp	6.8%+1.9pp	5.0%-1.2pp	6.2%+0.1pp	6.0%-2.9pp	9.0%+4.2pp	4.7%-0.1pp	4.8%+0.4pp	4.5%+0.9pp	3.6%+2.9pp	0.7%-1.8pp	2.4%
Current Ratio	0.940.0x	0.98+0.2x	0.81-0.3x	1.11+0.3x	0.83-0.2x	1.07+0.2x	0.840.0x	0.83-0.2x	1.06-0.1x	1.15+0.1x	1.05+0.2x	0.88-0.2x	1.06+0.1x	0.99+0.2x	0.84
Debt-to-Equity	1.410.0x	1.42+0.2x	1.24-0.4x	1.59+0.1x	1.47-0.5x	1.98-0.7x	2.72-0.5x	3.19+0.4x	2.81-1.6x	4.36-0.8x	5.12+1.0x	4.09+0.5x	3.59-0.7x	4.33-36.2x	40.50
FCF Margin	N/A	2.7%-3.1pp	5.9%-0.5pp	6.4%+1.3pp	5.1%-23.8pp	28.8%-1.2pp	30.0%-3.2pp	33.2%+1.7pp	31.5%-0.6pp	32.1%-0.5pp	32.5%+3.0pp	29.6%+0.4pp	29.2%+14.0pp	15.2%-6.9pp	22.1%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	36.9%-0.9pp	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%
Operating Margin	21.8%-3.2pp	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%
Net Margin	13.3%-2.2pp	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%
Return on Equity	5.9%-1.4pp	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%
Return on Assets	1.8%-0.4pp	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%
Current Ratio	0.80-0.1x	0.940.0x	0.900.0x	0.860.0x	0.85-0.1x	0.98+0.2x	0.820.0x	0.81
Debt-to-Equity	1.370.0x	1.410.0x	1.40+0.1x	1.340.0x	1.31-0.1x	1.420.0x	1.380.0x	1.39
FCF Margin	N/A	N/A	N/A	N/A	N/A	11.5%+15.7pp	-4.2%+2.8pp	-7.0%

Note: The current ratio is below 1.0 (0.94), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Where United Rental Ranks

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 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 $12.7B 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 1.41 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 3.60, 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 5 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 to 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 53 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.