United Rentals, Inc.
URI- Exchange
- NYSE
- Industry
- Services-Equipment Rental & Leasing, NEC
- SEC CIK
- 0001067701
No open-market purchases or sales by United Rentals, Inc. insiders were filed in the last 90 days; 1,602 institutions reported holding it in 13F filings for Q2 2026, worth $64.5B in total; Markel Group is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 22, 2026, 1:07 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 28, 2026 | Jan 29, 2025 | Jan 24, 2024 | Jan 25, 2023 | Jan 26, 2022 |
| Revenue | $16.1B | $15.3B | $14.3B | $11.6B | $9.72B |
| Cost of revenue | $9.96B | $9.20B | $8.52B | $6.65B | $5.86B |
| Gross profit | $6.14B | $6.15B | $5.81B | $5.00B | $3.85B |
| Selling, general and administrative | $1.73B | $1.65B | $1.53B | $1.40B | $1.20B |
| Operating income | $3.97B | $4.07B | $3.83B | $3.23B | $2.28B |
| Income tax | $844.0M | $813.0M | $787.0M | $697.0M | $460.0M |
| Net income | $2.49B | $2.58B | $2.42B | $2.10B | $1.39B |
| EPS, basic | $38.71 | $38.82 | $35.40 | $29.77 | $19.14 |
| EPS, diluted | $38.61 | $38.69 | $35.28 | $29.65 | $19.04 |
| Weighted shares, basic | 64.4M | 66.3M | 68.5M | 70.7M | 72.4M |
| Weighted shares, diluted | 64.6M | 66.6M | 68.7M | 71.0M | 72.8M |
| Margins and growth | |||||
| Gross margin | 38.2% | 40.1% | 40.6% | 42.9% | 39.7% |
| Operating margin | 24.7% | 26.5% | 26.7% | 27.8% | 23.4% |
| Net margin | 15.5% | 16.8% | 16.9% | 18.1% | 14.3% |
| Revenue growth, year over year | +4.9% | +7.1% | +23.1% | +19.8% | +13.9% |
| Net income growth, year over year | −3.1% | +6.2% | +15.2% | +51.9% | +55.7% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 28, 2026 | Jan 29, 2025 | Jan 24, 2024 | Jan 25, 2023 | Jan 26, 2022 |
| Cash and equivalents | $459.0M | $457.0M | $363.0M | $106.0M | $144.0M |
| Accounts receivable | $2.51B | $2.36B | $2.23B | $2.00B | $1.68B |
| Inventory | $240.0M | $200.0M | $205.0M | $232.0M | $164.0M |
| Total current assets | $3.61B | $3.25B | $2.93B | $2.72B | $2.15B |
| Goodwill | $7.12B | $6.90B | $5.94B | $6.03B | $5.53B |
| Intangible assets | $477.0M | $663.0M | $670.0M | $452.0M | $615.0M |
| Total assets | $29.9B | $28.2B | $25.6B | $24.2B | $20.3B |
| Accounts payable | $776.0M | $748.0M | $905.0M | $1.14B | $816.0M |
| Short-term debt | $1.58B | $1.18B | $1.47B | $161.0M | $906.0M |
| Total current liabilities | $3.82B | $3.32B | $3.64B | $2.44B | $2.60B |
| Long-term debt | $14.3B | $13.5B | $11.6B | $11.4B | $9.75B |
| Total liabilities | $20.9B | $19.5B | $17.5B | $17.1B | $14.3B |
| Shareholders' equity | $8.97B | $8.62B | $8.13B | $7.06B | $5.99B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 28, 2026 | Jan 29, 2025 | Jan 24, 2024 | Jan 25, 2023 | Jan 26, 2022 |
| Operating cash flow | $5.19B | $4.55B | $4.70B | $4.43B | $3.69B |
| Capital expenditures | – | $4.13B | $3.86B | $3.69B | $3.20B |
| Free cash flow | – | $416.0M | $840.0M | $743.0M | $491.0M |
| Depreciation and amortization | $438.0M | $437.0M | $431.0M | $364.0M | $372.0M |
| Stock-based compensation | $134.0M | $112.0M | $94.0M | $127.0M | $119.0M |
| Dividends paid | $464.0M | $434.0M | $406.0M | – | – |
| Share buybacks | $1.97B | $1.57B | $1.07B | $1.07B | $34.0M |
| Investing cash flow | -$3.37B | -$4.15B | -$2.98B | -$5.02B | -$3.61B |
| Financing cash flow | -$1.84B | -$274.0M | -$1.47B | $552.0M | -$140.0M |
| Net change in cash | $2.00M | $94.0M | $257.0M | -$38.0M | -$58.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.8% | 0.7% | 0.7% | 1.1% | 1.2% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 19, 2026 | 61.9M | −2.7% | SEC |
| Apr 20, 2026 | 62.6M | −3.6% | SEC |
| Jan 26, 2026 | 63.0M | −3.5% | SEC |
| Oct 20, 2025 | 63.6M | −3.0% | SEC |
| Jul 21, 2025 | 64.3M | −2.7% | SEC |
| Apr 21, 2025 | 65.0M | −2.4% | SEC |
| Jan 27, 2025 | 65.3M | −2.8% | SEC |
| Oct 21, 2024 | 65.6M | −3.2% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.