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NYSE · Industrials

United Rentals, Inc. (URI)

As-reported financials and SEC filings for United Rentals, Inc. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About United Rentals, Inc.

United Rentals, Inc. is the largest equipment rental company globally, operating primarily in the United States and Canada with smaller operations in Europe, Australia, and New Zealand. The company rents a wide range of equipment including general construction and industrial equipment, aerial work platforms, power and HVAC equipment, trench safety equipment, and fluid solutions. It serves large construction and industrial customers as well as local contractors through a network of rental locations.

Snapshot

Revenue
$16.10B
Revenue growth (YoY)
4.9%
Net income
$2.49B
Diluted EPS
$38.61
Gross margin
38.2%
Operating margin
24.7%
Net margin
15.5%
FCF margin
—
ROE
27.8%
net income / fiscal-year-end equity
P/E
25.4×
trailing when available, otherwise FY EPS
Market cap
$68.40B
Long-term debt / equity
1.41×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at United Rentals

  • Revenue grew 4.9% to $16.1B in FY2025, slower than the 7.1% the year before.
  • Operating margin is 24.7% in FY2025, +1.2 pp against 23.4% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $4.9B, up 15.7% from Q3 FY2025.
  • Net income fell 3.1% to $2.5B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where United Rentals’s fundamentals sit among the 667 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin38.2%
71st percentile of 455
Operating margin24.7%
93rd percentile of 598
Net margin15.5%
87th percentile of 630
Revenue growth (YoY)+4.9%
51st percentile of 652
ROE27.8%
90th percentile of 589
P/E25.4×
56th percentile of 406
Long-term debt / equity1.41×
84th percentile of 405
Short interest2.59d
37th percentile of 660

United Rentals’s operating margin of 24.7% ranks in the 93rd percentile of the 598 Industrials companies reporting it. United Rentals’s return on equity of 27.8% ranks in the 90th percentile of the 589 Industrials companies reporting it. United Rentals’s net margin of 15.5% ranks in the 87th percentile of the 630 Industrials companies reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
5
+5 quant / multi-strat
Initiated / added
6
0 new, 6 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$317.9M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$77.7M68.9KAdded
Millennium ManagementquantQ2 2026$72.5M64.0KAdded
Markel GroupQ2 2026$35.3M31.1KHeld
Bridgewater AssociatesQ2 2026$31.7M27.9KAdded
Citadel AdvisorsquantQ2 2026$30.6M27.0KReduced
Gotham Asset ManagementQ2 2026$30.1M26.6KAdded
Wedgewood PartnersQ2 2026$19.0M16.7KReduced
Two Sigma InvestmentsquantQ2 2026$15.9M14.0KReduced
D. E. ShawquantQ2 2026$4.7M4.1KAdded
First Eagle Investment ManagementQ2 2026$471,282416Added

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
0
—
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-24
William E. GraceEVP, CFOSell1.5K$1133.15$1.7M
2026-04-27
Craig Adam PintoffEVP, Chief Admin. OfficerSell2.5K$963.00$2.4M
2026-04-27
Joli L. GrossSVP, Chief LGL & Sustain. Off.Sell306$954.99$292K
2026-04-24
Matthew John FlanneryPresident & CEOSell22.8K$984.98$22.4M
2026-04-24
Andrew B. LimogesVP, ControllerSell548$977.86$536K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.4M
settled 2026-09-30
Change vs prior
-9.0%
vs previous settlement
Days to cover
2.59
at avg daily volume
Avg daily volume
542.6K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-301.4M-9.0%2.59
2026-09-151.5M+8.2%3.87
2026-08-311.4M+13.2%3.34
2026-08-141.3M-9.6%2.90
2026-07-311.4M-0.5%2.42
2026-07-151.4M-6.1%3.80
2026-06-301.5M+5.4%2.72
2026-06-151.4M+3.7%2.53

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$16.10B$15.35B$14.33B$11.64B$9.72B
Gross profit
Operating income$3.97B$4.07B$3.83B$3.23B$2.28B
Pre-tax income$3.34B$3.39B$3.21B$2.80B$1.85B
Net income$2.49B$2.58B$2.42B$2.10B$1.39B
Diluted EPS$38.61$38.69$35.28$29.65$19.04

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$5.19B$4.55B$4.70B$4.43B$3.69B
Capital expenditure—$4.13B$3.86B$3.69B$3.20B
Free cash flow—

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$4.89B15.7%$920.0M$14.77
Q1 FY2026$3.98B7.2%$531.0M$8.43
Q4 FY20252.8%
Q3 FY2025$4.23B5.9%$701.0M$10.91
Q2 FY2025$3.94B4.5%$622.0M$9.59
Q1 FY2025$3.72B6.7%$518.0M$7.91
Q4 FY20249.8%
Q3 FY2024$3.99B6.0%$708.0M$10.70

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryServices-Equipment Rental & Leasing, NEC
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ3 FY2026 (ended September 30, 2026)
Oldest indexed filing2015
SEC CIK1067701

Selected SEC filings

10-K2026-01-28
View on EDGAR →
10-K2025-01-29
View on EDGAR →
10-Q2026-10-21
View on EDGAR →
10-Q2026-07-22
View on EDGAR →
10-Q2026-04-22
View on EDGAR →
10-Q2025-10-22
View on EDGAR →
8-K2026-10-21
View on EDGAR →
8-K2026-09-08
View on EDGAR →

Largest Industrials peers

All Industrials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.