| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.10B | $15.35B | $14.33B | $11.64B | $9.72B | $8.53B | $9.35B | $8.05B |
| Cost of Revenue | $10.39B | $9.63B | $8.95B | $7.01B | $6.22B | $5.70B | $6.09B | $4.99B |
| Gross Profit | $5.71B | $5.71B | $5.38B | $4.63B | $3.50B | $2.83B | $3.26B | $3.06B |
| Gross Margin | 35.44% | 37.23% | 37.55% | 39.79% | 35.97% | 33.20% | 34.89% | 37.98% |
| Operating Expenses | $1.73B | $1.65B | $1.53B | $1.40B | $1.20B | $979.00M | $1.09B | $1.04B |
| Operating Income | $3.97B | $4.07B | $3.85B | $3.23B | $2.30B | $1.85B | $2.17B | $2.02B |
| Operating Margin | 24.68% | 26.51% | 26.90% | 27.76% | 23.63% | 21.72% | 23.22% | 25.08% |
| Net Income | $2.49B | $2.58B | $2.42B | $2.10B | $1.39B | $890.00M | $1.17B | $1.10B |
| Net Margin | 15.49% | 16.78% | 16.91% | 18.08% | 14.27% | 10.43% | 12.55% | 13.62% |
| EPS (Basic) | $38.71 | $38.82 | $35.40 | $29.77 | $19.14 | $12.25 | $15.18 | $13.25 |
| EBITDA | N/A | $6.98B | $6.63B | $5.46B | $4.24B | $3.76B | $4.20B | $3.63B |
| Stock Option Compensation Expense | N/A | $112.00M | $94.00M | $127.00M | $119.00M | $70.00M | $61.00M | $102.00M |
| Price To Earnings Ratio | N/A | 18.15 | 16.20 | 11.94 | 17.37 | 18.93 | 10.99 | 7.74 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | $46.74B | $39.26B | $25.13B | $24.07B | $16.85B | $12.90B | $8.48B |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Short Term Receivables | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventories | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Property, Plant & Equipment | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Investments and Advances | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Note Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Intangible Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Assets | $29.87B | $28.16B | $25.59B | $24.18B | $20.29B | $17.87B | $18.97B | $18.13B |
| Short Term Debt Incl. Current Port. of LT Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Provision for Risks Charges | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $20.90B | $19.54B | $17.46B | $17.12B | $14.30B | $13.32B | $15.14B | $14.73B |
| Non-Equity Reserves | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Preferred Stock - Carrying Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Common Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Shareholders Equity | $8.97B | $8.62B | $8.13B | $7.06B | $5.99B | $4.54B | $3.83B | $3.40B |
| Accumulated Minority Interest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $8.97B | $8.62B | $8.13B | $7.06B | $5.99B | $4.54B | $3.83B | $3.40B |
| Total Liabilities & Stockholders Equity | $29.87B | $28.16B | $25.59B | $24.18B | $20.29B | $17.87B | $18.97B | $18.13B |
| Book Value Per Share | N/A | $129.96 | $118.74 | $99.88 | $82.71 | $62.55 | $49.52 | $41.15 |
| Tangible Book Value Per Share | N/A | $15.96 | $22.20 | $8.26 | $-2.10 | $-17.49 | $-28.69 | $-33.12 |
| Full-Time Employees | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Book Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | 9.14% | 9.47% | 8.70% | 6.83% | 4.98% | 6.19% | 6.04% |
| Return on Equity | N/A | 29.87% | 29.82% | 29.81% | 23.13% | 19.58% | 30.65% | 32.21% |
| Return on Invested Capital | N/A | 11.75% | 12.30% | 10.98% | 9.17% | 8.59% | 9.38% | 8.86% |
| Quick Ratio | N/A | 0.92 | 0.75 | 1.02 | 0.76 | 1.00 | 0.78 | 0.78 |
| Current Ratio | N/A | 0.98 | 0.81 | 1.11 | 0.83 | 1.07 | 0.84 | 0.83 |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $2.49B | $2.58B | $2.42B | $2.10B | $1.39B | $890.00M | $1.17B | $1.10B |
| Depreciation | N/A | $2.90B | $2.78B | $2.22B | $1.97B | $1.95B | $2.04B | $1.67B |
| Other Funds (Non Cash) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Funds from Operations | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Extraordinary Item | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Changes in Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Taxes Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Operating Activities | $5.19B | $4.55B | $4.70B | $4.43B | $3.69B | $2.66B | $3.02B | $2.85B |
| Capital Expenditures | N/A | $4.13B | $4.07B | $3.69B | $3.20B | $1.16B | $2.35B | $2.29B |
| Net Assets From Acquisitions | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale of Fixed Assets and Businesses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase or Sale of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale Or Maturity of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Investing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Dividends Paid | N/A | $434.00M | $406.00M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Change in Capital Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Repurchase of Common Pref Stock | N/A | $1.57B | $1.07B | $1.07B | $34.00M | $286.00M | $870.00M | $817.00M |
| Sale of Common Pref Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Proceeds from Stock Options | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance or Reduction of Debt, Net | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Change in Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Reduction of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Financing Active Other Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Financing Activities Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Financing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Exchange Rate Effect | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Change in Cash | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | $419.00M | $634.00M | $743.00M | $491.00M | $1.50B | $674.00M | $562.00M |
| Preferred Dividends (Cash Flow) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Company coverage
United Rentals, Inc., founded in 1997 and headquartered in Stamford, Connecticut, functions as a prominent equipment rental firm through its various subsidiaries. The company's operations are divided into two main divisions: General Rentals and Specialty. The General Rentals segment offers a broad selection of construction and industrial machinery, including heavy equipment like backhoes, skid-steer loaders, earthmoving machinery, and forklifts, alongside aerial work platforms such as boom and scissor lifts. This division also provides general tools and lighter equipment, ranging from pressure washers to power tools. Its client base is diverse, encompassing construction and industrial enterprises, manufacturers, utility companies, municipalities, government bodies, and individual homeowners. Conversely, the Specialty segment focuses on more specialized construction products. This includes comprehensive trench safety gear, such as trench shields, aluminum hydraulic shoring systems, and construction lasers, designed for underground work. It also supplies power generation and climate control equipment, featuring portable diesel generators, electrical distribution units, and temperature management systems. Additionally, the segment offers fluid solutions for containment, transfer, and treatment, as well as mobile storage units and modular office spaces. This segment primarily caters to companies undertaking infrastructure projects, municipalities, and industrial clients. Beyond rentals, United Rentals also sells new equipment, including aerial lifts, telehandlers, and compressors, along with construction consumables, tools, small equipment, and safety supplies. It further provides parts for customer-owned machinery and offers repair and maintenance services. The company remarkets its used equipment through its dedicated sales force, brokers, its website, direct sales to manufacturers, and auctions. United Rentals maintains an extensive network of 1,360 rental facilities across the United States, Canada, Europe, Australia, and New Zealand.
Why it moved over time
Shares are reacting to United Rentals' recent record quarter and raised full-year guidance, with a subsequent CFO sale of 1,500 shares drawing attention but viewed as likely personal rather than bearish.
Key fact: CFO William Grace sold 1,500 shares (~$1.7M) on July 24, two days after United Rentals reported record quarterly results and raised full-year guidance.
The Motley Fool: United Rentals CFO Sells Shares After Earnings Pop. Should Investors Follow?