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 Q1 FY2026 Key Financial Metrics
Revenue
$4.0B
Gross Profit
$1.5B
Operating Profit
$869.0M
Net Profit
$531.0M
Gross Margin
36.9%
Operating Margin
21.8%
Net Margin
13.3%
YoY Growth
7.2%
EPS
$8.43
United Rentals Q1 FY2026 Financial Summary
United Rentals reported revenue of $4.0B (up 7.2% YoY) for Q1 FY2026, with a net profit of $531.0M (13.3% margin). Cost of goods sold was $2.5B, operating expenses totaled $600.0M.
Key Financial Metrics
| Total Revenue | $4.0B |
|---|---|
| Net Profit | $531.0M |
| Gross Margin | 36.9% |
| Operating Margin | 21.8% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
United Rentals Q1 FY2026 revenue of $4.0B breaks down across 5 segments, led by Equipment rentals at $3.4B (85.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Equipment rentals | $3.4B | 85.8% |
| Sales of rental equipment | $350.0M | 8.8% |
| Service and other revenues | $92.0M | 2.3% |
| Sales of new equipment | $84.0M | 2.1% |
| Contractor supplies sales | $40.0M | 1.0% |
United Rentals Annual Revenue by Year
United Rentals annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.7B).
United Rentals Quarterly Revenue & Net Profit History
United Rentals results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $4.0B | +7.2% | $531.0M | 13.3% |
| Q4 FY2025 | $992.0M | -2.6% | $653.0M | 65.8% |
| Q3 FY2025 | $938.0M | +7.3% | $701.0M | 74.7% |
| Q2 FY2025 | $872.0M | +0.2% | $622.0M | 71.3% |
| Q1 FY2025 | $893.0M | +8.2% | $518.0M | 58.0% |
| Q4 FY2024 | $1.0B | +13.3% | $689.0M | 67.6% |
| Q3 FY2024 | $874.0M | +3.8% | $708.0M | 81.0% |
| Q2 FY2024 | $870.0M | +2.1% | $636.0M | 73.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $870.0M | $874.0M | $1.02B | $893.0M | $872.0M | $938.0M | $992.0M | $3.98B |
| YoY Growth | 2.1% | 3.8% | 13.3% | 8.2% | 0.2% | 7.3% | -2.6% | 7.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $27.61B | $28.41B | $28.16B | $28.05B | $29.21B | $30.07B | $29.87B | $29.89B |
| Liabilities | $19.33B | $19.83B | $19.54B | $19.26B | $20.17B | $21.07B | $20.90B | $20.92B |
| Equity | $8.28B | $8.58B | $8.62B | $8.79B | $9.04B | $9.00B | $8.97B | $8.97B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.26B | $1.20B | $1.05B | $1.43B | $1.33B | $1.18B | $1.26B | $1.51B |