United Rentals

Industrials Trading Companies & Distributors Stamford, Connecticut Last filing Jan 28, 2026 · FY2025

                    Revenue
                    FY2025
                
$3.7B
                    3y CAGR +13.9%
                    
                    P90
                    
                    +3.0%
                    
                    Net income
                    FY2025
                
$2.5B
                    Net margin +67.5%
                    
                    P100
                    
                    -3.1%
                    
                    Total assets
                    FY2025
                
$29.9B
                    ROA +8.4%
                    
                    P54
                    
                    +6.0%
                    
                    Operating cash flow
                    FY2025
                
$5.2B
                    
                    +14.2%

17 yrs · FY2009–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

27 accounts · 10 years

Total assets $29.9B

Total liabilities $20.9B

Shareholders equity $9.0B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	+0.4%	+25.9%	+242.5%	-26.4%	-28.7%	+288.5%	+20.9%	-87.8%	+12.8%	—
Accounts Receivable	+6.5%	+5.7%	+11.3%	+19.5%	+27.5%	-14.1%	-1.0%	+25.3%	+34.0%	—
Inventory	+20.0%	-2.4%	-11.6%	+41.5%	+31.2%	+4.2%	+10.1%	+45.3%	+10.3%	—
Prepaid Expenses	+69.8%	+74.1%	-64.6%	+129.5%	-55.7%	+167.9%	+118.8%	-42.9%	+83.6%	—
Total Current Assets	+11.0%	+10.8%	+7.7%	+26.6%	+6.6%	+9.5%	+4.6%	-0.6%	+30.2%	—
Property,Plant and Equipment	—	—	—	—	—	—	-100.0%	+31.5%	—	—
Operating Lease Assets	+4.3%	+21.7%	+34.2%	+4.5%	+14.0%	+2.8%	—	—	—	—
Goodwill	+3.2%	+16.2%	-1.4%	+9.0%	+7.0%	+0.3%	+1.9%	+23.9%	+25.2%	—
Intangible Assets	-28.1%	-1.0%	+48.2%	-26.5%	-5.1%	-27.6%	-17.4%	+23.9%	+17.9%	—
Other Noncurrent Assets	+30.6%	+14.0%	-8.5%	+11.9%	+10.5%	+100.0%	+18.8%	+60.0%	+66.7%	—
Total Assets	+6.0%	+10.1%	+5.8%	+19.2%	+13.6%	-5.8%	+4.6%	+20.6%	+25.4%	—
Liabilities
Accounts Payable	+3.7%	-17.3%	-20.5%	+39.6%	+75.1%	+2.6%	-15.3%	+31.1%	+68.3%	—
Accrued Liabilities	+4.9%	+10.3%	+10.7%	+30.0%	+22.4%	-3.6%	+10.3%	+26.3%	+55.8%	—
Current Portion of Long Term Debt	+33.9%	-19.6%	+809.9%	-82.2%	+28.7%	-29.4%	+10.4%	+24.9%	+21.1%	—
Other Current Liabilities	-13.0%	+24.9%	+12.3%	+6.9%	+4.3%	+51.6%	+9.6%	-30.8%	+79.1%	—
Total Current Liabilities	+14.9%	-8.6%	+48.8%	-6.1%	+37.7%	-14.0%	+3.9%	+26.9%	+40.9%	—
Operating Lease Liabilities Noncurrent	+3.2%	+21.7%	+39.4%	+3.4%	+13.1%	+3.0%	—	—	—	—
Deferred Tax Liabilities	+16.0%	-0.6%	+1.1%	+24.0%	+21.8%	-6.3%	+11.9%	+18.9%	-25.2%	—
Other Noncurrent Liabilities	-13.0%	+24.9%	+12.3%	+6.9%	+4.3%	+51.6%	+9.6%	-30.8%	+79.1%	—
Total Liabilities	+6.9%	+11.9%	+2.0%	+19.7%	+7.3%	-12.0%	+2.8%	+23.5%	+15.3%	—
Equity
Common Stock	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	—
Additional Paid In Capital	+2.9%	+1.5%	+0.9%	+2.3%	+3.4%	+1.7%	+1.3%	+2.2%	+3.0%	—
Retained Earnings	+14.7%	+18.3%	+20.9%	+27.9%	+22.5%	+16.9%	+28.6%	+36.5%	+81.7%	—
Treasury Stock	+25.6%	+25.4%	+20.3%	+25.3%	+0.0%	+6.9%	+28.9%	+36.3%	+1.3%	—
Accumulated Other Comprehensive Income	+38.5%	-77.6%	+13.6%	-54.4%	-17.1%	+21.5%	+21.5%	-57.0%	+30.7%	—
Total Stockholders Equity	+4.0%	+6.1%	+15.1%	+17.9%	+31.8%	+18.7%	+12.5%	+9.6%	+88.5%	—
Total Liabilitiesand Equity	+6.0%	+10.1%	+5.8%	+19.2%	+13.6%	-5.8%	+4.6%	+20.6%	+25.4%	—

Income Statement

Revenue, expense, and profitability

18 accounts · 10 years

Revenue $3.7B

Operating income $4.0B

Net income $2.5B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	+3.0%	+5.7%	+35.7%	+10.9%	+13.1%	-3.3%	-74.4%	+21.2%	+15.3%	—
Expenses Cost of Revenue	+8.3%	+7.9%	+28.2%	+13.4%	+9.7%	-5.9%	+21.3%	+20.9%	+15.3%	—
Expenses Selling,General and Administrative	+5.3%	+7.7%	+9.1%	+16.8%	+22.5%	-10.3%	+5.2%	+15.0%	+25.6%	—
Expenses Depreciation and Amortization	+0.2%	+1.4%	+18.4%	-2.2%	-3.9%	-4.9%	+32.1%	+18.9%	-79.2%	—
Expenses Share Based Compensation	+19.6%	+19.1%	-26.0%	+6.7%	+70.0%	+14.8%	-40.2%	+17.2%	+93.3%	—
Expenses Restructuring and Asset Impairment	-66.7%	-89.3%	—	-100.0%	-88.2%	-5.6%	-41.9%	-38.0%	+257.1%	—
Other Income Expense Gross Profit	-0.1%	+5.8%	+16.4%	+29.7%	+21.0%	-13.3%	+9.1%	+21.5%	+15.2%	—
Other Income Expense Operating Income	-2.3%	+6.2%	+18.4%	+41.9%	+26.5%	-16.4%	+10.3%	+29.5%	+6.5%	—
Other Income Expense Interest Income	-3.6%	-8.8%	-42.7%	-5.0%	+36.6%	-3.2%	-34.7%	-3.7%	+9.2%	—
Other Income Expense Other Income/expense	+478.6%	-26.3%	+26.7%	+314.3%	-187.5%	-20.0%	+66.7%	+20.0%	+0.0%	—
Other Income Expense Income Before Tax	-1.5%	+5.5%	+14.6%	+51.8%	+62.1%	-24.8%	+2.6%	+40.8%	+15.3%	—
Income Tax Income Tax Expense	+3.8%	+3.3%	+12.9%	+51.5%	+84.7%	-26.8%	-10.5%	+227.5%	-186.9%	—
net Income net Income	-3.1%	+6.2%	+15.2%	+51.9%	+55.7%	-24.2%	+7.1%	-18.6%	+137.8%	—
net Income Comprehensive Income	+10.5%	-2.5%	+22.3%	+47.8%	+46.3%	-24.1%	+21.3%	-28.5%	+136.3%	—
Earnings Per Share Basic Eps	-0.3%	+9.7%	+18.9%	+55.5%	+56.4%	-19.4%	+14.5%	-16.7%	+145.1%	—
Earnings Per Share Diluted Eps	-0.2%	+9.7%	+19.0%	+55.7%	+56.1%	-19.3%	+15.2%	-16.6%	+143.9%	—
Earnings Per Share Weighted Average Shares Basic	-2.9%	-3.1%	-3.2%	-2.4%	-0.3%	-6.1%	-6.4%	-2.3%	-3.0%	—
Earnings Per Share Weighted Average Shares Diluted	-2.9%	-3.1%	-3.2%	-2.5%	-0.2%	-6.2%	-7.0%	-2.4%	-2.5%	—

Cash Flow Statement

Operating, investing, and financing flows

17 accounts · 10 years

Operating cash flow $5.2B

Investing cash flow $-3.4B

Financing cash flow $-1.8B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	-3.1%	+6.2%	+15.2%	+51.9%	+55.7%	-24.2%	+7.1%	-18.6%	+137.8%	—
Operating Activities Depreciation and Amortization	-7.8%	-4.8%	+23.7%	-6.0%	-6.8%	-13.8%	+36.2%	+23.1%	-86.1%	—
Operating Activities Stock Based Compensation	+19.6%	+19.1%	-26.0%	+6.7%	+70.0%	+14.8%	-40.2%	+17.2%	+93.3%	—
Operating Activities Deferred Income Taxes	+2231.6%	-154.3%	-93.5%	+100.4%	+321.5%	-159.3%	-20.6%	+148.2%	-533.3%	—
Operating Activities Changes In Operating Assets and Liabilities	+252.0%	-117.2%	-108.8%	+142.6%	+1518.5%	+118.1%	-301.4%	-82.1%	+691.4%	—
Operating Activities net Cash From Operating Activities	+14.2%	-3.4%	+6.1%	+20.2%	+38.8%	-12.1%	+6.0%	+29.2%	+13.8%	—
Investing Activities Business Acquisitions	-78.4%	+188.3%	-75.5%	+63.0%	+71700.0%	-99.2%	-91.6%	+24.8%	+8389.3%	—
Investing Activities Purchases of Investments	-40.0%	+25.0%	-42.9%	—	-100.0%	+0.0%	+0.0%	-40.0%	+150.0%	—
Investing Activities net Cash From Investing Activities	+18.8%	-39.4%	+40.7%	-38.9%	-1519.3%	+87.0%	+62.4%	-23.5%	-334.9%	—
Financing Activities Proceeds From Debt	-3.7%	+35.4%	-13.2%	+18.2%	-9.7%	+0.0%	-24.0%	+3.2%	+34.8%	—
Financing Activities Repurchase of Common Stock	+25.3%	+46.8%	+0.2%	+3041.2%	-88.1%	-67.1%	+6.5%	+1358.9%	-89.4%	—
Financing Activities Dividends Paid	+6.9%	+6.9%	—	—	—	—	—	—	—	—
Financing Activities net Cash From Financing Activities	-571.9%	+81.4%	-367.0%	+494.3%	+93.9%	-75.7%	-193.4%	-6.7%	+255.3%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+173.3%	-1100.0%	+142.9%	-275.0%	-50.0%	—	+100.0%	-144.4%	+500.0%	—
Cash Reconciliation net Change In Cash	-97.9%	-63.4%	+776.3%	+34.5%	-138.7%	+1566.7%	+102.9%	-872.5%	-69.9%	—
Cash Reconciliation Cash At Beginning of Period	+0.4%	+25.9%	+242.5%	-26.4%	-28.7%	+288.5%	+20.9%	-87.8%	+12.8%	—
Cash Reconciliation Cash At End of Period	+0.4%	+25.9%	+242.5%	-26.4%	-28.7%	+288.5%	+20.9%	-87.8%	+12.8%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	-169.4%	-156.3%	-150.9%	-165.7%	-159.9%	-168.2%	-175.4%	+41.8%	+41.7%	+41.7%
Operating margin	+107.5%	+113.3%	+112.7%	+129.2%	+100.9%	+90.3%	+104.3%	+24.2%	+22.7%	+24.6%
Net margin	+67.5%	+71.8%	+71.4%	+84.2%	+61.4%	+44.6%	+56.9%	+13.6%	+20.3%	+9.8%
FCF margin	—	+11.6%	+24.7%	+29.7%	+21.8%	+123.4%	+136.0%	+33.2%	+31.5%	+32.1%
Growth
Revenue CAGR (3y)	+13.9%	+16.7%	+19.4%	+6.6%	-34.6%	-33.0%	-29.0%	+11.4%	+5.3%	+5.2%
Returns
ROE	+27.8%	+29.9%	+29.8%	+29.8%	+23.1%	+19.6%	+30.7%	+32.2%	+43.3%	+34.3%
ROA	+8.4%	+9.1%	+9.5%	+8.7%	+6.8%	+5.0%	+6.2%	+6.0%	+9.0%	+4.7%
ROIC	+29.4%	+33.1%	+31.3%	+34.1%	+25.3%	+27.9%	+34.9%	+34.0%	+43.3%	+45.6%
Liquidity
Current ratio	0.94x	0.98x	0.81x	1.11x	0.83x	1.07x	0.84x	0.83x	1.06x	1.15x
Quick ratio	0.78x	0.85x	0.71x	0.86x	0.70x	0.80x	0.72x	0.75x	0.95x	1.04x
Leverage
D/E	2.33x	2.27x	2.15x	2.42x	2.39x	2.93x	3.95x	4.33x	3.84x	6.27x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	0.12x	0.13x	0.13x	0.10x	0.11x	0.11x	0.11x	0.44x	0.44x	0.48x
Cash conversion cycle	+228d	+218d	+210d	+243d	+231d	+217d	+249d	+37d	+36d	+39d

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United Rentals

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