URI Financials United Rentals

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has grown 13.1% per year over the past 5 years.
Net income has grown faster than revenue (22.9% vs 13.1% per year).
Operating margin has expanded, at 107.5% in the latest year.
Free cash flow has declined 9.2% per year over the past 5 years.

Financial health

Total debt ($14.3B) exceeds cash ($459M); net debt is $13.8B.
Total debt has grown slower than revenue (8.0% vs 13.1% per year).
Total debt is 3.2× EBITDA.

Shareholder returns

Dividends have been paid for 3 consecutive years, consuming 18.6% of earnings.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$3.7B	$2.5B	166.3%	107.5%	—	$14.3B	$459M
2024	$3.6B	$2.6B	171.4%	113.3%	$416M	$13.5B	$457M
2023	$3.4B	$2.4B	171.2%	112.7%	$840M	$11.6B	$363M
2022	$2.5B	$2.1B	199.8%	129.2%	$743M	$11.4B	$106M
2021	$2.3B	$1.4B	170.8%	100.9%	$491M	$9.8B	$144M
2020	$2.0B	$890M	159.6%	90.3%	$1.5B	$9.8B	$202M
2019	$2.1B	$1.2B	177.9%	104.3%	$674M	$11.5B	$52M
2018	—	$1.1B	—	—	$562M	$11.8B	$43M
2017	—	$1.3B	—	—	$320M	$9.5B	$352M
2016	—	$566M	—	—	$602M	$7.8B	$312M
2015	—	$585M	—	—	$359M	$8.2B	$179M
2014	—	$540M	—	—	-$20M	$8.0B	$158M
2013	—	$387M	—	—	-$133M	$7.1B	$175M
2012	—	$75M	—	—	-$648M	$7.3B	$106M
2011	—	$101M	—	—	-$198M	$3.0B	$36M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$929M	$531M	158.1%	93.5%	—	—	$156M
Dec '25	$992M	$653M	160.3%	106.0%	—	$14.3B	$459M
Sep '25	$938M	$701M	177.5%	118.8%	—	—	$512M
Jun '25	$872M	$622M	175.8%	115.0%	—	—	$548M
Mar '25	$893M	$518M	151.8%	90.0%	—	—	$542M
Dec '24	$1.0B	$689M	160.7%	106.7%	$471M	$13.5B	$457M
Sep '24	$874M	$708M	188.6%	128.4%	-$168M	—	$479M
Jun '24	$870M	$636M	174.5%	115.4%	-$263M	—	$467M
Mar '24	$825M	$542M	163.2%	103.3%	$376M	—	$429M
Dec '23	$899M	$679M	173.7%	118.2%	$895M	$11.6B	$363M
Sep '23	$842M	$703M	188.2%	130.5%	-$56M	—	$284M
Jun '23	$852M	$591M	167.3%	108.6%	-$68M	—	$227M
Mar '23	$802M	$451M	154.7%	92.3%	$69M	—	$99M
Dec '22	$813M	$639M	183.0%	126.0%	$199M	$11.4B	$106M
Sep '22	$578M	$606M	236.3%	159.3%	-$19M	—	$76M
Jun '22	$556M	$493M	206.8%	128.6%	$214M	—	$68M
Mar '22	$554M	$367M	179.1%	103.2%	$349M	—	$101M
Dec '21	$684M	$481M	169.7%	108.9%	-$80M	$9.8B	$144M
Sep '21	$523M	$409M	210.9%	129.8%	-$102M	—	$320M
Jun '21	$510M	$293M	171.6%	94.3%	$229M	—	$336M

Valuation over time

How the market has priced URI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 11.8× (Mar '23) to 28.6× (Jun '26).
The price-to-sales ratio has risen from 9.9× (Mar '23) to 19.3× (Jun '26).
The dividend yield has fallen from 1.0% (Jan '24) to 0.7% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is URI growing its revenue and profit?

Over the past 5 years, United Rentals's revenue has grown 13.1% per year, and net income grown 22.9% per year. These are computed facts, not advice.

How much debt does URI have?

As of FY2025, United Rentals reported $14.3B of total debt against $459M of cash.

What is URI's profit margin?

In FY2025, gross margin was 166.3%, operating margin 107.5%, and net margin 67.5%.

What is URI's P/E ratio?

As of Jun '26, United Rentals traded at a price-to-earnings ratio of about 28.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.