United Rentals, Inc. financials

Key figures from United Rentals, Inc.'s filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricSep 2026Sep 2025Change
Revenue$4.9B$4.2B+15.7%
Net income$920M$701M+31.2%
Gross margin41.8%39.4%+2.4 pts
Operating margin28.8%26.3%+2.5 pts
Net margin18.8%16.6%+2.2 pts

Quarterly trend

Revenue by quarter
$3.8BSep 2023$3.7BDec 2023$3.5BMar 2024$3.8BJun 2024$4.0BSep 2024$4.1BDec 2024$3.7BMar 2025$3.9BJun 2025$4.2BSep 2025$4.2BDec 2025$4.0BMar 2026$4.9BSep 2026
Net income by quarter
$703MSep 2023$679MDec 2023$542MMar 2024$636MJun 2024$708MSep 2024$689MDec 2024$518MMar 2025$622MJun 2025$701MSep 2025$653MDec 2025$531MMar 2026$920MSep 2026
Free cash flow by quarter
-$56MSep 2023$895MDec 2023$376MMar 2024-$263MJun 2024-$168MSep 2024$471MDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026
Margins by quarter
9%28%46%Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Sep 202642.1%41.9%38.6%40.2%41.3%40.0%36.5%38.9%39.4%37.8%36.9%41.8%29.2%28.5%24.4%26.6%28.1%26.5%21.6%25.4%26.3%25.0%21.8%28.8%18.7%18.2%15.6%16.9%17.7%16.8%13.9%15.8%16.6%15.5%13.3%18.8%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Dec 2025$16.1B$2.5B15.5%—$38.61
FY Dec 2024$15.3B$2.6B16.8%$416M$38.69
FY Dec 2023$14.3B$2.4B16.9%$840M$35.28
FY Dec 2022$11.6B$2.1B18.1%$743M$29.65
FY Dec 2021$9.7B$1.4B14.3%$491M$19.04

All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.