— Know what they know.
/
Not Investment Advice

URI

NYSE · USD
United Rentals, Inc.
Industrials · Rental & Leasing Services
CEO Matthew J. Flannery Employees 8,200 R&D / revenue 0.0%
Last price
$1,029.64−1.71%last session
Market cap
$64.1B
P/E (TTM)
24.8x
From 52w high
−12.7%
From 52w low
+46.8%
1-year return
+2.6%
RSI 14 · vs SMA200
46.8 · +7.3%
IS score
58.2/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

URI   SPY   XLI (sector ETF) · weekly closes
708090100110120Jan 26Apr 26Jul 26Oct 26SPY 116XLI 111URI 103

Score DNA

Each bar is a 0-100 score within the scored universe
70
Profitability
49
Growth
43
Value
77
Momentum
90
Risk (safety)
76
Quality
39
Balance sheet
63
Earnings quality

Flags

Strengths
✓ Piotroski 8+✓ Congress buying
Warnings
None of the computed warning flags fires for URI (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Efficient ScalePiotroski 8 / 9Altman Z 3.7Beta 1.793 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
5 open-market sales, $27.3M
Form 144 notices (12m): 7, $30.5M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
5
Last disclosed purchase 2026-06-05
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+133
248 new holders, 101 closed
1,599 filers hold 91.3% · 561 added, 546 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+248
1,239 funds adding shares
991 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
76.9%
20-day avg 59.6%, 50-day avg 53.0%
Latest 17.3 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$16.1B
Revenue growth YoY+4.9%
Gross margin35.4%
Operating income$4.0B
Operating margin24.7%
Net income$2.5B
Net margin15.5%
EPS (diluted)$38.61
Cash flow
Operating cash flow$5.2B
Capital expenditure$4.5B
Free cash flow$662.0M
FCF conversion (FCF / OCF)12.8%
Stock-based compensation$134.0M
FCF less SBC$528.0M
Buybacks$2.0B
Dividends$464.0M
Balance sheet & returns
Cash & short-term investments$459.0M
Total debt$15.4B
Net debt$14.9B
Shareholders' equity$9.0B
Goodwill & intangibles$7.6B
Debt / equity1.67
ROE (TTM)29.2%
ROIC (TTM)11.1%
Operating margin by fiscal year
23.5%FY202127.8%FY202226.9%FY202326.5%FY202424.7%FY2025
Revenue $9.7B (FY2021) to $16.1B (FY2025), a 13.5% CAGR.

Valuation

P/E (TTM)24.8x
EV / EBITDA10.7x
Price / sales3.81x
Price / FCF101.4x
FCF yield0.99%
Buyback yield3.07%
SBC / revenue0.8%
Price / book7.08x
Forward P/E FY202620.8x
Forward P/E FY202717.9x
Forward P/E FY202815.7x
Forward multiples divide today's price by Street EPS estimates. Street mean target $1,267.00 across 10 analysts last quarter is theirs, not ours.

URI vs industry median

46 companies in Rental & Leasing Services
Gross margin 37.1% 37.1% Operating margin 24.8% 10.6% Net margin 15.7% 5.3% ROIC 11.1% 4.6%
URI (TTM)Industry median Asset turnover 0.54 vs industry 0.38 · financial leverage 3.39

Earnings delivery

Next report 2026-10-21 · consensus EPS $13.97
58%
beat rate, 7 of 12 quarters
+1.2%
median EPS surprise
5
longest beat streak
+10+5+3+10+2-5-1+1-0-5-6+8
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-07-26 to 2026-04-22. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
URI United Rentals, Inc. $64.1B24.8x29.2%15.7%+4.9% +2.6%
SUNB Sunbelt Rentals Holdings Inc $31.2B23.0x8.9%14.1%— +3.1%
AER AerCap Holdings N.V. $22.9B7.1x19.3%34.9%+3.0% +21.4%
UHAL U-Haul Holding Company $9.9B300.1x0.6%7.3%+3.0% +2.0%
R Ryder System, Inc. $9.1B19.3x16.7%4.0%+1.3% +31.3%
AL Air Lease Corporation $7.3B9.1x11.4%51.1%−18.6% —
BE Bloom Energy Corporation $65.2B264.8x22.2%18.4%+91.0% —
TDG TransDigm Group Incorporated $63.0B34.6x-28.7%19.7%+16.6% —
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.

Recent 8-K filings

2026-09-08Regulation FD; Exhibits
2026-07-22Earnings Release; Regulation FD; Exhibits
2026-06-18Material Agreement; Financial Obligation; Exhibits
2026-05-08Shareholder Vote; Exhibits
2026-04-22Earnings Release; Regulation FD; Exhibits

Context

Shares outstanding62,242,500
Free float99.4%
Institutional ownership91.3%
Beta1.79
Dividend yield0.75%
Last dividend$1.97 on 2026-08-12
50 / 200-day average$1,055.01 / $958.64
Large-cap Industrials median P/E29.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where URI sits among 17 scored companies in Rental & Leasing Services (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureURIIndustry medianIndustry percentileSector median
P/E (TTM) 24.3x 24.3x
50th		 25.4x
PEG (P/E ÷ 3-yr EPS CAGR) 3.16 1.60
75th		 1.42
Price / sales 3.8x 1.3x
88th		 2.0x
Price / book 6.9x 2.2x
100th		 2.9x
Price / tangible book 49.3x 3.4x
100th		 5.6x
Price / free cash flow 101.4x 31.5x
67th		 20.8x
Price / operating cash flow 11.2x 5.1x
93rd		 14.5x
Enterprise value $79.4B $14.6B
100th		 $4.8B
EV / sales 4.7x 2.8x
75th		 2.4x
EV / EBITDA 11.7x 9.7x
73rd		 13.6x
EV / EBIT 18.7x 26.3x
20th		 19.9x
EV / free cash flow 125.6x 26.2x
71st		 24.3x
Earnings yield 4.1% 1.0%
69th		 3.3%
FCF yield 1.0% 0.2%
57th		 3.8%
Operating cash flow yield 9.0% 18.5%
12th		 6.2%
Graham number (per share) $367.90 $57.36
100th		 $38.21

Profitability (TTM)

MeasureURIIndustry medianIndustry percentileSector median
Gross margin 37.1% 40.8%
47th		 30.5%
EBITDA margin 40.2% 34.0%
75th		 14.3%
Operating margin 24.8% 14.5%
75th		 9.8%
EBIT margin 25.2% 8.7%
81st		 9.9%
Net margin 15.7% 1.0%
81st		 6.0%
NOPAT margin 18.6% 14.1%
81st		 7.8%
FCF margin 3.8% 0.1%
69th		 7.0%
Operating cash flow margin 34.1% 27.0%
81st		 11.2%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 11.6% 12.8%
38th		 14.1%
Stock comp / revenue 0.8% 0.6%
69th		 0.6%
Effective tax rate 25.0% 21.0%
62nd		 21.0%

Returns on capital

MeasureURIIndustry medianIndustry percentileSector median
ROE (on average equity) 28.9% 5.8%
100th		 11.9%
ROA 8.7% 0.4%
100th		 4.8%
ROIC 12.8% 4.4%
100th		 8.7%
ROCE 15.9% 4.5%
100th		 9.4%
Return on tangible assets 14.0% 4.2%
100th		 7.9%
Cash ROIC (OCF / invested capital) 23.4% 9.1%
100th		 12.8%
Gross profitability (GP / assets) 19.9% 12.5%
88th		 19.2%
ROIC, 3-yr average 10.3% 2.8%
100th		 7.8%
ROIC, 5-yr average 12.0% 6.0%
100th		 8.6%
ROE, 5-yr average 29.5% 12.3%
100th		 12.5%
Incremental ROIC 109.6% -12.3%
87th		 20.5%

Growth

MeasureURIIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 6.9% 3.0%
73rd		 8.6%
Revenue growth (QoQ) 10.7% 11.6%
38th		 9.9%
Revenue CAGR, 3 yr 8.5% 5.9%
57th		 5.0%
Revenue CAGR, 5 yr 13.8% 11.4%
73rd		 8.3%
Gross profit CAGR, 3 yr 6.8% 1.7%
71st		 6.5%
Operating income CAGR, 3 yr 4.8% -0.4%
77th		 6.4%
Net income growth (TTM YoY) 4.0% -2.0%
62nd		 11.3%
Net income CAGR, 3 yr 4.9% 0.1%
56th		 6.6%
EPS growth (TTM YoY) 6.2% 6.2%
50th		 13.3%
EPS CAGR, 3 yr 7.7% -5.4%
67th		 5.6%
EPS CAGR, 5 yr 24.7% 15.3%
80th		 8.3%
FCF growth (TTM YoY) 4.3% 4.3%
50th		 14.7%
FCF CAGR, 3 yr 51.7% — 12.2%
Operating cash flow CAGR, 3 yr 7.5% 1.4%
67th		 8.8%
Book value CAGR, 3 yr 10.4% 4.2%
70th		 7.3%
Dividend CAGR, 3 yr 4.7% 1.5%
67th		 2.7%
Sustainable growth rate 23.7% 8.7%
100th		 11.0%

Margin history & stability

MeasureURIIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 37.1% 35.6%
53rd		 30.6%
Operating margin, 3-yr average 25.9% 13.1%
87th		 10.0%
Net margin, 3-yr average 16.4% 3.9%
80th		 6.2%
FCF margin, 3-yr average 4.6% -14.1%
80th		 7.1%
Revenue stability (0-1) 0.97 0.83
100th		 0.81
Earnings stability (0-1) 0.81 0.48
87th		 0.47
Margin stability (0-1) 0.95 0.88
73rd		 0.90

Liquidity (latest quarter)

MeasureURIIndustry medianIndustry percentileSector median
Cash & short-term investments $112.0M $112.0M
50th		 $249.6M
Net cash (− = net debt) −$15.3B −$8.2B
25th		 −$666.5M
Working capital −$1.1B $89.0M
12th		 $376.4M
Current ratio 0.76 1.21
19th		 1.79
Quick ratio 0.70 1.10
25th		 1.33
Cash ratio (cash + ST investments / current liabilities) 0.02 0.10
19th		 0.32
Defensive interval (days) 514 days 507 days
62nd		 614 days

Leverage & solvency (latest quarter)

MeasureURIIndustry medianIndustry percentileSector median
Total debt $15.4B $8.5B
75th		 $919.8M
Debt / equity 1.67 2.32
33rd		 0.65
Net debt / equity 1.66 2.23
33rd		 0.46
Debt / assets 49.1% 60.1%
31st		 29.3%
Debt / capital 62.5% 69.9%
33rd		 39.5%
Debt / EBITDA 2.27 5.79
7th		 2.44
Net debt / EBITDA 2.26 5.66
7th		 1.86
Interest coverage (EBIT / interest) 5.9x 1.2x
94th		 5.0x
Cash interest coverage 8.0x 2.2x
88th		 6.1x
Debt payback (years of OCF) 2.7 yrs 7.4 yrs
7th		 3.2 yrs
Liabilities / assets 70.5% 78.8%
31st		 56.7%
IS credit model rating A- — —
Implied credit spread (bps) 175 900
6th		 200

Efficiency

MeasureURIIndustry medianIndustry percentileSector median
Asset turnover 0.56 0.38
75th		 0.75
Fixed asset turnover 0.85 0.85
50th		 5.14
Inventory turnover 39.5 22.6
90th		 5.0
Receivables turnover 6.5 7.6
31st		 6.7
Days sales outstanding 56 days 48 days
69th		 54 days
Days inventory outstanding 9 days 16 days
10th		 72 days
Days payables outstanding 53 days 48 days
69th		 41 days
Cash conversion cycle (days) 13 days 3 days
56th		 63 days
Capex / revenue 30.4% 29.9%
62nd		 3.0%
Capex / depreciation 2.02 1.50
69th		 0.76
Operating expense ratio 13.5% 16.2%
38th		 17.7%

Cash flow & earnings quality

MeasureURIIndustry medianIndustry percentileSector median
Operating cash flow / net income 2.18 2.97
20th		 1.50
FCF / net income 0.24 0.13
60th		 1.15
FCF / operating cash flow 11.0% 0.5%
67th		 74.0%
Capex / operating cash flow 89.0% 99.5%
33rd		 26.1%
Accruals ratio -10.3% -7.3%
25th		 -4.0%
Sloan accruals ratio -10.1% -5.9%
38th		 -2.4%
Earnings quality score (0-1) 0.75 0.75
0th		 1.00

Dividends & buybacks

MeasureURIIndustry medianIndustry percentileSector median
Dividend yield 0.7% 0.7%
50th		 0.6%
Dividend per share (TTM) $7.70 $0.28
100th		 $0.44
Payout ratio (dividends / net income) 18.1% 29.8%
30th		 22.5%
Dividends / FCF 75.5% 52.0%
56th		 19.6%
Dividend growth (YoY) 8.2% 5.4%
70th		 5.6%
Buyback yield 3.2% 0.5%
81st		 0.5%
Shareholder yield (dividends + buybacks) 4.0% 2.5%
75th		 2.0%
Share count change (YoY) -2.1% -0.1%
20th		 0.0%
Buybacks, last 5 years $2.4B $0
100th		 $76.0M

Scores & forensic checks

MeasureURIIndustry medianIndustry percentileSector median
IS score 58 34
100th		 53
IS profitability 70 35
94th		 37
IS growth 49 55
47th		 54
IS value 43 39
62nd		 47
IS momentum 77 66
73rd		 76
IS risk (safety) 90 15
100th		 80
IS quality 76 53
94th		 67
IS balance sheet 39 27
81st		 56
IS earnings quality 63 65
38th		 70
IS cash flow 41 35
75th		 54
Piotroski F-score (0-9) 8 6
88th		 6
Altman Z-score 3.7 1.2
100th		 3.3
Beneish M-score −2.82 −2.83
53rd		 −2.52
Ohlson O-score −7.44 −6.46
6th		 −7.49
IS credit score 66 24
94th		 65

Per share

MeasureURIIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $41.48 $0.24
100th		 $2.21
Book value per share $145.03 $35.08
100th		 $18.38
Tangible book per share $23.06 $15.46
53rd		 $4.39
Revenue per share $264.65 $34.62
81st		 $36.64
FCF per share $9.94 $0.03
94th		 $2.70
Operating cash flow per share $90.28 $9.32
100th		 $4.28
Cash per share $1.76 $1.51
56th		 $3.02

Size (TTM)

MeasureURIIndustry medianIndustry percentileSector median
Market cap $64.1B $3.6B
100th		 $3.9B
Revenue $16.8B $5.9B
100th		 $2.7B
EBITDA $6.8B $1.7B
100th		 $394.8M
Net income $2.6B $46.1M
94th		 $136.3M
Free cash flow $632.0M $6.2M
88th		 $162.9M
Total assets $31.3B $17.7B
88th		 $3.5B
Shareholders' equity $9.2B $1.2B
94th		 $1.4B
Employees 28,500 17,836
88th		 6,050

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-30Bruno Marc A
Director
 Award / grant 38$1,000.78$38,0307,783
2026-09-29Durand Michael D
EVP, Chief Operating Officer
 Tax withholding 492$1,014.54$498,7737,775
2026-07-24Grace William E.
EVP, CFO
 Open-market sale 1,500$1,133.15$1.7M6,062
2026-06-30Bruno Marc A
Director
 Award / grant 34$1,132.89$38,5187,745
2026-05-08Taussig Alexander R.
Director
 Award / grant 203$937.00$190,211260
2026-05-08Singh Shiv
Director
 Award / grant 203$937.00$190,2117,803
2026-05-08Martore Gracia C
Director
 Award / grant 203$937.00$190,2117,242
2026-05-08Lopez-Balboa Francisco J
Director
 Award / grant 203$937.00$190,2111,605
2026-05-08Kelly Terri L.
Director
 Award / grant 203$937.00$190,2116,990
2026-05-08Jones Kim Harris
Director
 Award / grant 203$937.00$190,2115,291
2026-05-08De Shon Larry D
Director
 Award / grant 203$937.00$190,2112,123
2026-05-08Bruno Marc A
Director
 Award / grant 203$937.00$190,2117,711

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired111,899$1.8M
Open-market saleDisposed527,588$27.3M
Return to issuerDisposed1213$197,070
Tax withholdingDisposed1492$498,773
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 7 notices · 31,576 shares · $30.5M
FiledFilerShares proposedEst. proceeds
2026-07-24William Grace1,500$1.7M
2026-04-27Joli Lyn Gross306$292,227
2026-04-27Craig A Pintoff2,466$2.4M
2026-04-24Andrew Limoges548$535,868
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 18 trades (10 purchases) · Senate 1 (1 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-24Maria Elvira SalazarHouseSale$1,001 - $15,0002026-10-08
2026-06-05Ro KhannaHousePurchase$1,001 - $15,0002026-07-08
2026-06-02Ro KhannaHousePurchase$1,001 - $15,0002026-07-08
2026-05-01Ro KhannaHouseSale$1,001 - $15,0002026-06-11
2026-03-27Alan ArmstrongSenatePurchase$1,001 - $15,0002026-07-21
2020-04-16David PerdueSenateSale (Full)$1,001 - $15,0002021-05-02
2020-04-16David PerdueSenateSale (Full)$1,001 - $15,0002021-05-01
2020-04-16David PerdueSenateSale (Full)$1,001 - $15,0002021-05-01
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.5,134,060$5.8B8.25%
VANGUARD CAPITAL MANAGEMENT LLC4,091,482$4.6B6.57%
STATE STREET CORP2,993,837$3.4B4.81%
JPMORGAN CHASE & CO2,795,554$3.1B4.49%
VANGUARD PORTFOLIO MANAGEMENT LLC2,697,981$3.1B4.33%
Capital Research Global Investors1,922,865$2.2B3.09%
FRANKLIN RESOURCES INC1,805,390$2.0B2.90%
GEODE CAPITAL MANAGEMENT, LLC1,699,258$1.9B2.73%
Capital World Investors1,646,737$1.9B2.65%
NORGES BANK1,268,942$1.4B2.04%
MORGAN STANLEY1,021,564$1.2B1.64%
DIMENSIONAL FUND ADVISORS LP907,599$1.0B1.46%
GOLDMAN SACHS GROUP INC903,404$1.0B1.45%
Boston Partners859,052$969.9M1.38%
BANK OF AMERICA CORP /DE/833,440$944.2M1.34%

Institutional ownership by quarter

2023-092026-0691.3%
% of shares held by 13F filers
2023-092026-061,599
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,59991.3%248561546101
2026-03-311,46690.5%124553535170
2025-12-311,54290.3%229552506110
2025-09-301,453135.9%19950749882
2025-06-301,35394.0%16652342593
2025-03-311,30493.0%135508466147
2024-12-311,33693.6%219467449103
2024-09-301,24398.8%15647441877
2024-06-301,17996.6%106454428100
2024-03-311,18896.8%18435648369
2023-12-311,087103.7%17732544063
2023-09-30991100.8%8431340171

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%4,720,155
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2026-02-13SCHEDULE 13G/ACapital International Investors1.1%672,850
2025-11-13SCHEDULE 13G/ACapital Research Global Investors4.6%2,955,961
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.08%$2.0B
VTI0.08%$2.0B
VTSAX0.08%$2.0B
VSMPX0.08%$2.0B
VFIAX0.09%$1.6B
VFFSX0.09%$1.6B

Share structure

Shares outstanding62,242,500
Float61,884,595
Free float99.4%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$9.7B$11.6B$14.3B$15.3B$16.1B
Cost of revenue$6.2B$7.0B$8.9B$9.6B$10.4B
Gross profit$3.5B$4.6B$5.4B$5.7B$5.7B
R&D$0$0$0$0$0
SG&A$1.2B$1.4B$1.5B$1.6B$1.7B
Operating income$2.3B$3.2B$3.9B$4.1B$4.0B
EBITDA$4.2B$5.5B$6.6B$7.0B$7.2B
Pretax income$1.8B$2.8B$3.2B$3.4B$3.3B
Income tax$460.0M$697.0M$787.0M$813.0M$844.0M
Net income$1.4B$2.1B$2.4B$2.6B$2.5B
EPS, diluted$19.03$29.66$35.28$38.69$38.61
Diluted shares72.8M71.0M68.7M66.6M64.6M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$144.0M$106.0M$363.0M$457.0M$459.0M
Receivables$1.7B$2.0B$2.2B$2.4B$2.5B
Inventory$164.0M$232.0M$205.0M$200.0M$240.0M
Total current assets$2.2B$2.7B$2.9B$3.2B$3.6B
PP&E, net$12.0B$14.9B$16.0B$17.3B$2.5B
Goodwill & intangibles$6.1B$6.5B$6.6B$7.6B$7.6B
Total assets$20.3B$24.2B$25.6B$28.2B$29.9B
Accounts payable$816.0M$1.1B$905.0M$748.0M$776.0M
Total current liabilities$2.6B$2.4B$3.6B$3.3B$3.8B
Long-term debt$8.8B$11.1B$10.1B$12.2B$13.8B
Total liabilities$14.3B$17.1B$17.5B$19.5B$20.9B
Shareholders' equity$6.0B$7.1B$8.1B$8.6B$9.0B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.4B$2.1B$2.4B$2.6B$2.5B
Depreciation & amortization$2.0B$2.2B$2.8B$2.9B$3.1B
Stock-based compensation$119.0M$127.0M$94.0M$112.0M$134.0M
Change in working capital$351.0M$24.0M$173.0M−$266.0M−$279.0M
Operating cash flow$3.7B$4.4B$4.7B$4.5B$5.2B
Capital expenditure−$3.2B−$3.7B−$4.1B−$4.1B−$4.5B
Free cash flow$491.0M$743.0M$634.0M$419.0M$662.0M
Investing cash flow−$3.6B−$5.0B−$3.0B−$4.1B−$3.4B
Net debt issued / repaid−$106.0M$1.6B$2.0M$1.7B$653.0M
Buybacks−$34.0M−$1.1B−$1.1B−$1.6B−$2.0B
Dividends paid$0$0−$406.0M−$434.0M−$464.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin35.8%39.8%37.6%37.2%35.4%
Operating margin23.5%27.8%26.9%26.5%24.7%
Net margin14.3%18.1%16.9%16.8%15.5%
FCF margin5.1%6.4%4.4%2.7%4.1%
ROE26.3%32.3%31.9%30.7%28.4%
ROIC10.5%12.7%14.2%13.5%11.9%
ROA7.3%9.5%9.7%9.6%8.6%
Debt / equity1.751.731.561.721.84
Interest coverage5.4x7.3x6.1x5.9x5.7x
Current ratio0.831.110.810.980.94
Revenue growth+13.9%+19.8%+23.1%+7.1%+4.9%
EPS growth+55.1%+58.6%+18.6%+8.8%+0.8%
P/E at year end16.9x11.4x15.8x17.9x20.6x
EV / EBITDA at year end8.0x6.6x7.6x8.7x10.4x
FCF yield at year end2.09%3.09%1.66%0.91%1.29%
Dividend payout0.0%0.0%16.7%16.9%18.6%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Owned Equipment Rentals$6.8B$8.3B$9.9B$10.6B$11.0B
Ancillary and Other Rental Revenue$1.2B$1.6B$1.9B$2.2B$2.5B
Rental Equipment$968.0M$965.0M$1.6B$1.5B$1.4B
Service and Other Revenues$229.0M$281.0M$330.0M$358.0M$369.0M
New Equipment$203.0M$154.0M$218.0M$282.0M$348.0M
Re-rent Revenue$194.0M$235.0M$233.0M$258.0M$275.0M
Contractor Supplies$109.0M$126.0M$146.0M$155.0M$163.0M

Revenue by region · FY2025

UNITED STATES$14.7B · 91%
Non-US$1.4B · 9%

Street estimates by fiscal year

Next report 2026-10-21 · consensus EPS $13.97 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$17.8B$17.2B – $17.9B$49.57$46.84 – $51.511520.8x
2027$19.3B$18.5B – $19.9B$57.48$53.91 – $63.281517.9x
2028$21.1B$19.7B – $22.2B$65.59$58.23 – $71.121115.7x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-04-22$8.95$9.71+8.5%$3.9B$4.0B+2.8%
2026-01-28$11.79$11.09−5.9%$4.2B$4.2B−0.8%
2025-10-22$12.29$11.70−4.8%$4.2B$4.2B+1.6%
2025-07-23$10.51$10.47−0.4%$3.9B$3.9B+1.3%
2025-04-23$8.78$8.86+0.9%$3.6B$3.7B+3.3%
2025-01-29$11.68$11.59−0.8%$3.9B$4.1B+4.2%
2024-10-23$12.48$11.80−5.4%$4.0B$4.0B−0.4%
2024-07-24$10.54$10.70+1.5%$3.8B$3.8B+0.2%
2024-04-24$8.33$9.15+9.8%$3.4B$3.5B+1.2%
2024-01-24$10.93$11.26+3.0%$3.6B$3.7B+2.9%
2023-10-25$11.20$11.73+4.7%$3.7B$3.8B+1.8%
2023-07-26$9.01$9.88+9.7%$3.7B$3.6B−4.1%
2023-04-26$7.92$7.95+0.4%$3.1B$3.3B+4.3%
2023-01-25$10.38$9.74−6.2%$3.3B$3.3B−0.2%
2022-10-26$9.07$9.27+2.2%$3.1B$3.1B−0.6%
2022-07-27$6.46$7.86+21.7%$2.7B$2.8B+2.5%
2022-04-27$5.00$5.73+14.6%$2.4B$2.5B+3.2%
2022-01-26$6.72$7.39+10.0%$2.7B$2.8B+1.3%
2021-10-27$6.80$6.58−3.2%$2.6B$2.6B+0.2%
2021-07-28$4.88$4.66−4.5%$2.6B$2.3B−10.6%
2021-04-28$3.07$3.45+12.4%$2.0B$2.1B+3.7%
2021-01-27$4.23$5.04+19.1%$2.2B$2.3B+5.3%
2020-10-28$4.33$5.40+24.7%$1.8B$2.2B+24.1%
2020-07-29$1.86$3.68+97.8%$1.8B$1.9B+10.0%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.506-150.806-220.406-290.607-060.607-131.207-200.907-270.908-030.608-100.808-170.708-240.508-31
Week ofNotionalSharesTrades
2026-08-31$546.1M545,05635,025
2026-08-24$706.4M671,46939,466
2026-08-17$763.1M681,26839,481
2026-08-10$615.8M540,60133,728
2026-08-03$856.8M748,40740,091
2026-07-27$884.2M811,17848,062

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1576.9%
DateShort shareShort volumeTotal volume
2026-10-1576.9%209,659272,589
2026-10-1460.4%136,110225,506
2026-10-1358.5%103,447176,961
2026-10-1248.0%67,059139,816
2026-10-0971.5%129,550181,192
2026-10-0856.6%107,854190,663
2026-10-0753.2%94,432177,599
2026-10-0653.7%74,105138,109
2026-10-0559.6%92,907155,957
2026-10-0258.8%105,019178,521
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.5Jan+2.7Feb+1.0Mar+6.4Apr-1.9May+1.0Jun+5.0Jul+0.9Aug+2.2Sep+5.3Oct+4.1Nov+2.9Dec
MonthAvg returnUp yearsYears
Jan+0.5%60%20
Feb+2.7%65%20
Mar+1.0%57%21
Apr+6.4%40%20
May−1.9%50%20
Jun+1.0%45%20
Jul+5.0%60%20
Aug+0.9%65%20
Sep+2.2%50%20
Oct+5.3%70%20
Nov+4.1%70%20
Dec+2.9%60%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1446.8
MFI53.3
ADX13.8
Stochastic %K / %D50.0 / 56.2
Williams %R-55.9
CCI-23
TSI / signal1.7 / 0.2
Chaikin money flow0.09
ATR$32.64
Bollinger width7.8%
Volume vs 20-day avg0.76x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$1,043.83 (−1.4%)
SMA 50$1,052.24 (−2.1%)
SMA 200$959.26 (+7.3%)
EMA 21$1,043.13 (−1.3%)
EMA 50$1,045.58 (−1.5%)
EMA 200$980.95 (+5.0%)
Bollinger upper$1,084.55 (−5.1%)
Bollinger lower$1,003.12 (+2.6%)
Parabolic SAR$1,095.93 (−6.0%)
Open the live chart, 110+ indicators

About United Rentals, Inc.

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.

https://www.unitedrentals.com

Key executives

NameTitlePayBorn
Matthew J. FlanneryPresident, Chief Executive Officer & Director$3.0M1965
Craig Adam PintoffExecutive Vice President & Chief Administrative Officer$1.4M1970
William GraceExecutive Vice President & Chief Financial Officer$1.3M1972
Michael D. DurandExecutive Vice President & Chief Operating Officer$1.3M1974
Joli L. GrossSenior Vice President, Corporate Secretary and Chief Legal & Sustainability Officer$1.1M1971
Andrew LimogesVice President, Controller & Principal Accounting Officer$729,8061982
Chris A. BurlogSenior Vice President of Operations Central Division——
Elizabeth Carolyn GrenfellVice President of Investor Relations——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Matthew Flannery President and Chief Executive Officer2025$1.2M$9.1M$1.8M$12.1M
Craig Pintoff Executive Vice President, Chief Administrative Officer2025$726,370$3.2M$648,651$4.6M
William (Ted) Grace Executive Vice President, Chief Financial Officer2025$692,603$2.2M$618,496$3.5M
Michael Durand Executive Vice President, Chief Operating Officer2025$660,137$2.0M$589,504$3.3M
Joli Gross Senior Vice President, Chief Legal & Sustainability Officer, Corporate Secretary2025$594,452$1.2M$530,848$2.3M

Employees

6k20186k20196k20206k20217k20227k20238k20248k2025

Dividends

Ex-dateAmountPaid
2026-08-12$1.972026-08-26
2026-05-13$1.972026-05-27
2026-02-11$1.972026-02-25
2025-11-12$1.792025-11-26
2025-08-13$1.792025-08-27
2025-05-14$1.792025-05-28
2025-02-12$1.792025-02-26
2024-11-13$1.632024-11-27

Moat model

Narrow · Efficient Scale · 2026-06-30
Cost advantage76
Intangibles45
Switching costs71
Network effect55
Efficient scale85
Our component scores (0-100) and overall 65.2; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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