United Rentals (URI) financials
United Rentals revenue and earnings by year
United Rentals's revenue was $16.1 billion in the fiscal year to December 31, 2025, up 4.9% from the year before. Net income was $2.49 billion, 15.5% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 12.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16.1 | 15.3 | 14.3 | 11.6 | 9.7 | 8.5 | 9.4 | 8.0 | 6.6 | 5.8 |
| Revenue growth | 4.9% | 7.1% | 23.1% | 19.8% | 13.9% | -8.8% | 16.2% | 21.2% | 15.3% | — |
| Gross profit | 6.1 | 6.2 | 5.8 | 5.0 | 3.9 | 3.2 | 3.7 | 3.4 | 2.8 | 2.4 |
| Gross margin | 38.2% | 40.1% | 40.6% | 42.9% | 39.7% | 37.3% | 39.2% | 41.8% | 41.7% | 41.7% |
| Operating income | 4.0 | 4.1 | 3.8 | 3.2 | 2.3 | 1.8 | 2.2 | 2.0 | 1.5 | 1.4 |
| Operating margin | 24.7% | 26.5% | 26.7% | 27.8% | 23.4% | 21.1% | 23.0% | 24.2% | 22.7% | 24.6% |
| Net income | 2.5 | 2.6 | 2.4 | 2.1 | 1.4 | 0.9 | 1.2 | 1.1 | 1.3 | 0.6 |
| Net margin | 15.5% | 16.8% | 16.9% | 18.1% | 14.3% | 10.4% | 12.6% | 13.6% | 20.3% | 9.8% |
| Diluted EPS | $38.68 | $38.75 | $35.35 | $29.76 | $19.06 | $12.22 | $15.20 | $13.16 | $15.70 | $6.49 |
| Free cash flow | 2.1 | 2.0 | 2.3 | 1.7 | 1.5 | 2.4 | 1.5 | 1.2 | 0.9 | 1.1 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open URI in Markets.
How United Rentals makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| General Rentals | $3.06B | 62.6% |
| Specialty | $1.83B | 37.4% |
See also: URI valuation and P/E history · URI returns
No forecast, no recommendation. This page describes United Rentals from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.