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 Oct 24, 2026, 11:08 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$3.7B	$2.5B	166.3%	107.5%	27.8%	8.4%	—	$14.3B	$459M
2024	$3.6B	$2.6B	171.4%	113.3%	29.9%	9.1%	$416M	$13.5B	$457M
2023	$3.4B	$2.4B	171.2%	112.7%	29.8%	9.5%	$840M	$11.6B	$363M
2022	$2.5B	$2.1B	199.8%	129.2%	29.8%	8.7%	$743M	$11.4B	$106M
2021	$2.3B	$1.4B	170.8%	100.9%	23.1%	6.8%	$491M	$9.8B	$144M
2020	$2.0B	$890M	159.6%	90.3%	19.6%	5.0%	$1.5B	$9.8B	$202M
2019	$2.1B	$1.2B	177.9%	104.3%	30.7%	6.2%	$674M	$11.5B	$52M
2018	—	$1.1B	—	—	32.2%	6.0%	$562M	$11.8B	$43M
2017	—	$1.3B	—	—	43.3%	9.0%	$320M	$9.5B	$352M
2016	—	$566M	—	—	34.3%	4.7%	$602M	$7.8B	$312M
2015	—	$585M	—	—	39.6%	4.8%	$359M	$8.2B	$179M
2014	—	$540M	—	—	30.1%	4.5%	-$20M	$8.0B	$158M
2013	—	$387M	—	—	21.2%	3.6%	-$133M	$7.1B	$175M
2012	—	$75M	—	—	4.9%	0.7%	-$648M	$7.3B	$106M
2011	—	$101M	—	—	157.8%	2.4%	-$198M	$3.0B	$36M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Sep '26	$1.1B	$920M	191.6%	131.9%	9.5%	2.8%	—	—	$153M
Mar '26	$929M	$531M	158.1%	93.5%	5.9%	1.8%	—	—	$156M
Dec '25	$992M	$653M	160.3%	106.0%	7.3%	2.2%	—	$14.3B	$459M
Sep '25	$938M	$701M	177.5%	118.8%	7.8%	2.3%	—	—	$512M
Jun '25	$872M	$622M	175.8%	115.0%	6.9%	2.1%	—	—	$548M
Mar '25	$893M	$518M	151.8%	90.0%	5.9%	1.8%	—	—	$542M
Dec '24	$1.0B	$689M	160.7%	106.7%	8.0%	2.4%	$471M	$13.5B	$457M
Sep '24	$874M	$708M	188.6%	128.4%	8.3%	2.5%	-$168M	—	$479M
Jun '24	$870M	$636M	174.5%	115.4%	7.7%	2.3%	-$263M	—	$467M
Mar '24	$825M	$542M	163.2%	103.3%	6.7%	2.0%	$376M	—	$429M
Dec '23	$899M	$679M	173.7%	118.2%	8.4%	2.7%	$895M	$11.6B	$363M
Sep '23	$842M	$703M	188.2%	130.5%	9.1%	2.7%	-$56M	—	$284M
Jun '23	$852M	$591M	167.3%	108.6%	8.0%	2.3%	-$68M	—	$227M
Mar '23	$802M	$451M	154.7%	92.3%	6.3%	1.8%	$69M	—	$99M
Dec '22	$813M	$639M	183.0%	126.0%	9.0%	2.6%	$199M	$11.4B	$106M
Sep '22	$578M	$606M	236.3%	159.3%	9.5%	2.8%	-$19M	—	$76M
Jun '22	$556M	$493M	206.8%	128.6%	8.2%	2.4%	$214M	—	$68M
Mar '22	$554M	$367M	179.1%	103.2%	6.0%	1.8%	$349M	—	$101M
Dec '21	$684M	$481M	169.7%	108.9%	8.0%	2.4%	-$80M	$9.8B	$144M
Sep '21	$523M	$409M	210.9%	129.8%	7.5%	2.0%	-$102M	—	$320M

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 11.6× (Mar '23) to 29.2× (Nov '26).
The price-to-sales ratio has risen from 9.8× (Mar '23) to 19.7× (Nov '26).
The dividend yield has fallen from 1.0% (Jan '24) to 0.6% (Nov '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?

United Rentals's P/E (TTM) is 29.20 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the URI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 29.2× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.