United RentalsURIEarnings & Financial Report
United Rentals, Inc. is an American equipment rental company, with about 16 percent of the North American market share as of 2022. It owns the largest rental fleet in the world with approximately 4,800 classes of equipment totaling about $20.59 billion in original equipment cost (OEC) as of 2025. The company has a combined total of 1,625 locations, including an integrated network of 1,504 rental locations in North America, 38 in Europe, 23 in Australia and 19 in New Zealand.
URI Q4 2025 Key Financial Metrics
Revenue
$4.2B
Gross Profit
$1.6B
Operating Profit
$1.1B
Net Profit
$653.0M
Gross Margin
37.8%
Operating Margin
25.0%
Net Margin
15.5%
YoY Growth
2.8%
EPS
$10.27
Financial Flow
United Rentals Q4 2025 Financial Summary
United Rentals reported revenue of $4.2B for Q4 2025, with a net profit of $653.0M (15.5% margin). Cost of goods sold was $2.6B, operating expenses totaled $538.0M.
Key Financial Metrics
| Total Revenue | $4.2B |
|---|---|
| Net Profit | $653.0M |
| Gross Margin | 37.8% |
| Operating Margin | 25.0% |
| Report Period | Q4 2025 |
United Rentals Annual Revenue by Year
United Rentals annual revenue history includes year-by-year totals (for example, 2025 revenue was $6.9B).
| Year | Annual Revenue |
|---|---|
| 2025 | $6.9B |
| 2024 | $6.7B |
| 2023 | $6.2B |
| 2022 | $5.0B |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $825.0M | $870.0M | $874.0M | $4.09B | $893.0M | $872.0M | $938.0M | $4.21B |
| YoY Growth | 2.9% | 2.1% | 3.8% | 9.8% | 8.2% | 0.2% | 7.3% | 2.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $26.66B | $27.61B | $28.41B | $28.16B | $28.05B | $29.21B | $30.07B | $29.87B |
| Liabilities | $18.54B | $19.33B | $19.83B | $19.54B | $19.26B | $20.17B | $21.07B | $20.90B |
| Equity | $8.12B | $8.28B | $8.58B | $8.62B | $8.79B | $9.04B | $9.00B | $8.97B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.03B | $1.26B | $1.20B | $1.05B | $1.43B | $1.33B | $1.18B | $1.26B |
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