United Rentals financials
$1,014.54−2.81%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.10B | $15.35B | $14.33B | $11.64B | $9.72B | $8.53B | $9.35B | $8.05B | $6.64B | $5.76B |
| Gross profit | $6.14B | $6.15B | $5.81B | $5.00B | $3.85B | $3.18B | $3.67B | $3.36B | $2.77B | $2.40B |
| Gross margin | 38.2% | 40.1% | 40.6% | 42.9% | 39.7% | 37.3% | 39.2% | 41.8% | 41.7% | 41.7% |
| Operating income | $3.97B | $4.07B | $3.83B | $3.23B | $2.28B | $1.80B | $2.15B | $1.99B | $1.56B | $1.42B |
| Net income | $2.49B | $2.58B | $2.42B | $2.10B | $1.39B | $890.0M | $1.17B | $1.10B | $1.35B | $566.0M |
| Net margin | 15.5% | 16.8% | 16.9% | 18.1% | 14.3% | 10.4% | 12.6% | 13.6% | 20.3% | 9.8% |
| Diluted EPS | $38.61 | $38.69 | $35.28 | $29.65 | $19.04 | $12.20 | $15.11 | $13.12 | $15.73 | $6.45 |
| EBITDA | $7.08B | $6.97B | $6.64B | $5.45B | $4.26B | $3.81B | $4.21B | $3.69B | $2.99B | $2.67B |
| Operating cash flow | $5.19B | $4.55B | $4.70B | $4.43B | $3.69B | $2.66B | $3.02B | $2.85B | $2.21B | $1.94B |
| Free cash flow | $662.0M | $419.0M | $634.0M | $997.0M | $491.0M | $1.50B | $674.0M | $562.0M | $320.0M | $602.0M |
| Diluted shares | 64.6M | 66.6M | 68.7M | 71.0M | 72.8M | 72.9M | 77.7M | 83.5M | 85.6M | 87.8M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $459.0M | $457.0M | $363.0M | $106.0M | $144.0M | $202.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $14.23B | $13.41B | $11.52B | $11.37B | $9.69B | $9.68B |
| Total assets | $29.87B | $28.16B | $25.59B | $24.18B | $20.29B | $17.87B |
| Total liabilities | $20.90B | $19.54B | $17.46B | $17.12B | $14.30B | $13.32B |
| Shareholders' equity | $8.97B | $8.62B | $8.13B | $7.06B | $5.99B | $4.54B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology