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United Rentals（URI）与Williams Companies（WMB）财务数据对比。点击上方公司名可切换其他公司
United Rentals的季度营收约是Williams Companies的1.0倍（$4.0B vs $3.8B），Williams Companies净利率更高（19.1% vs 13.3%，领先5.8%），Williams Companies同比增速更快（12.7% vs 7.2%），United Rentals自由现金流更多（$1.1B vs $-379.0M），过去两年United Rentals的营收复合增速更高（114.0% vs 7.3%）
United Rentals是美国设备租赁企业，2022年占据北美市场约16%的份额。截至2025年，该公司拥有全球规模最大的租赁车队，覆盖约4800类设备，原始设备成本总计约205.9亿美元，在全球共设1625个营业网点，业务覆盖北美、欧洲、澳大利亚及新西兰。
总部位于美国俄克拉荷马州塔尔萨的能源企业，位列《财富》美国500强，普通股为标普500指数成分股，核心业务为天然气加工与运输，同时持有石油、发电相关资产。
URI vs WMB — 直观对比
营收规模更大
URI
是对方的1.0倍
$3.8B
营收增速更快
WMB
高出5.5%
7.2%
净利率更高
WMB
高出5.8%
13.3%
自由现金流更多
URI
多$1.4B
$-379.0M
两年增速更快
URI
近两年复合增速
7.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $3.8B |
| 净利润 | $531.0M | $734.0M |
| 毛利率 | 36.9% | — |
| 营业利润率 | 21.8% | 27.3% |
| 净利率 | 13.3% | 19.1% |
| 营收同比 | 7.2% | 12.7% |
| 净利润同比 | 2.5% | 51.0% |
| 每股收益（稀释后） | $8.43 | $0.60 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收URIWMB
| Q1 26 | $4.0B | — | ||
| Q4 25 | $992.0M | $3.8B | ||
| Q3 25 | $938.0M | $3.5B | ||
| Q2 25 | $872.0M | $3.4B | ||
| Q1 25 | $893.0M | $4.2B | ||
| Q4 24 | $1.0B | $3.4B | ||
| Q3 24 | $874.0M | $3.0B | ||
| Q2 24 | $870.0M | $2.8B |
净利润URIWMB
| Q1 26 | $531.0M | — | ||
| Q4 25 | $653.0M | $734.0M | ||
| Q3 25 | $701.0M | $647.0M | ||
| Q2 25 | $622.0M | $546.0M | ||
| Q1 25 | $518.0M | $691.0M | ||
| Q4 24 | $689.0M | $486.0M | ||
| Q3 24 | $708.0M | $706.0M | ||
| Q2 24 | $636.0M | $401.0M |
毛利率URIWMB
| Q1 26 | 36.9% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率URIWMB
| Q1 26 | 21.8% | — | ||
| Q4 25 | — | 27.3% | ||
| Q3 25 | — | 31.8% | ||
| Q2 25 | — | 28.0% | ||
| Q1 25 | 90.0% | 26.1% | ||
| Q4 24 | — | 23.2% | ||
| Q3 24 | — | 27.6% | ||
| Q2 24 | — | 24.4% |
净利率URIWMB
| Q1 26 | 13.3% | — | ||
| Q4 25 | 65.8% | 19.1% | ||
| Q3 25 | 74.7% | 18.5% | ||
| Q2 25 | 71.3% | 16.2% | ||
| Q1 25 | 58.0% | 16.5% | ||
| Q4 24 | 67.6% | 14.2% | ||
| Q3 24 | 81.0% | 23.3% | ||
| Q2 24 | 73.1% | 14.1% |
每股收益（稀释后）URIWMB
| Q1 26 | $8.43 | — | ||
| Q4 25 | $10.20 | $0.60 | ||
| Q3 25 | $10.91 | $0.53 | ||
| Q2 25 | $9.59 | $0.45 | ||
| Q1 25 | $7.91 | $0.56 | ||
| Q4 24 | $10.41 | $0.39 | ||
| Q3 24 | $10.70 | $0.58 | ||
| Q2 24 | $9.54 | $0.33 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $156.0M | — |
| 总债务越低越好 | $13.9B | $27.3B |
| 股东权益账面价值 | $9.0B | $12.8B |
| 总资产 | $29.9B | $58.6B |
| 负债/权益比越低杠杆越低 | 1.55× | 2.13× |
8季度趋势，按日历期对齐
现金及短期投资URIWMB
| Q1 26 | $156.0M | — | ||
| Q4 25 | $459.0M | — | ||
| Q3 25 | $512.0M | — | ||
| Q2 25 | $548.0M | — | ||
| Q1 25 | $542.0M | — | ||
| Q4 24 | $457.0M | — | ||
| Q3 24 | $479.0M | — | ||
| Q2 24 | $467.0M | — |
总债务URIWMB
| Q1 26 | $13.9B | — | ||
| Q4 25 | $12.7B | $27.3B | ||
| Q3 25 | $12.6B | $25.6B | ||
| Q2 25 | $12.1B | $25.6B | ||
| Q1 25 | $11.5B | $24.1B | ||
| Q4 24 | $12.2B | $24.7B | ||
| Q3 24 | $11.9B | $24.8B | ||
| Q2 24 | $11.5B | $24.1B |
股东权益URIWMB
| Q1 26 | $9.0B | — | ||
| Q4 25 | $9.0B | $12.8B | ||
| Q3 25 | $9.0B | $12.5B | ||
| Q2 25 | $9.0B | $12.4B | ||
| Q1 25 | $8.8B | $12.5B | ||
| Q4 24 | $8.6B | $12.4B | ||
| Q3 24 | $8.6B | $12.4B | ||
| Q2 24 | $8.3B | $12.3B |
总资产URIWMB
| Q1 26 | $29.9B | — | ||
| Q4 25 | $29.9B | $58.6B | ||
| Q3 25 | $30.1B | $55.7B | ||
| Q2 25 | $29.2B | $56.1B | ||
| Q1 25 | $28.1B | $54.9B | ||
| Q4 24 | $28.2B | $54.5B | ||
| Q3 24 | $28.4B | $53.8B | ||
| Q2 24 | $27.6B | $52.4B |
负债/权益比URIWMB
| Q1 26 | 1.55× | — | ||
| Q4 25 | 1.41× | 2.13× | ||
| Q3 25 | 1.40× | 2.04× | ||
| Q2 25 | 1.34× | 2.06× | ||
| Q1 25 | 1.31× | 1.93× | ||
| Q4 24 | 1.42× | 1.99× | ||
| Q3 24 | 1.38× | 2.00× | ||
| Q2 24 | 1.39× | 1.96× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.5B | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $-379.0M |
| 自由现金流率自由现金流/营收 | 26.4% | -9.9% |
| 资本支出强度资本支出/营收 | — | 50.9% |
| 现金转化率经营现金流/净利润 | 2.85× | 2.15× |
| 过去12个月自由现金流最近4个季度 | — | $1.0B |
8季度趋势，按日历期对齐
经营现金流URIWMB
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.3B | $1.3B |
自由现金流URIWMB
| Q1 26 | $1.1B | — | ||
| Q4 25 | — | $-379.0M | ||
| Q3 25 | — | $485.0M | ||
| Q2 25 | — | $478.0M | ||
| Q1 25 | — | $421.0M | ||
| Q4 24 | $471.0M | $450.0M | ||
| Q3 24 | $-168.0M | $561.0M | ||
| Q2 24 | $-263.0M | $700.0M |
自由现金流率URIWMB
| Q1 26 | 26.4% | — | ||
| Q4 25 | — | -9.9% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | — | 14.2% | ||
| Q1 25 | — | 10.1% | ||
| Q4 24 | 46.2% | 13.2% | ||
| Q3 24 | -19.2% | 18.5% | ||
| Q2 24 | -30.2% | 24.6% |
资本支出强度URIWMB
| Q1 26 | — | — | ||
| Q4 25 | — | 50.9% | ||
| Q3 25 | — | 27.3% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 24.2% | ||
| Q4 24 | 56.6% | 22.5% | ||
| Q3 24 | 157.0% | 22.5% | ||
| Q2 24 | 175.6% | 20.3% |
现金转化率URIWMB
| Q1 26 | 2.85× | — | ||
| Q4 25 | 1.92× | 2.15× | ||
| Q3 25 | 1.68× | 2.22× | ||
| Q2 25 | 2.14× | 2.66× | ||
| Q1 25 | 2.75× | 2.07× | ||
| Q4 24 | 1.52× | 2.51× | ||
| Q3 24 | 1.70× | 1.76× | ||
| Q2 24 | 1.99× | 3.19× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
URI
| Equipment rentals | $3.4B | 86% |
| Sales of rental equipment | $350.0M | 9% |
| Service and other revenues | $92.0M | 2% |
| Sales of new equipment | $84.0M | 2% |
| Contractor supplies sales | $40.0M | 1% |
WMB
| Services | $2.2B | 57% |
| Natural Gas Us Regulated | $740.0M | 19% |
| West | $730.0M | 19% |
| Non Regulated Service Commodity Consideration | $51.0M | 1% |
| Natural Gas Gathering Transportation Marketing And Processing | $45.0M | 1% |
| Affiliated Entity | $23.0M | 1% |
| Other | $14.0M | 0% |
| Other Service | $11.0M | 0% |
