United Rentals revenue and financials
$1,080.62Change from previous close: +0.59%Absolute change: +$6.34
In the fiscal year ended December 2025, United Rentals reported revenue of $16.1B (+4.91% year over year). Net income was $2.49B, a net margin of 15.5%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +4.91%
- 2025 vs 2024
- Net income growth
- −3.15%
- 2025 vs 2024
- Net margin
- 15.5%
- 2024: 16.8%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,791 | 1,514 | 1,256 | 1,181 | 1,328 | 1,425 | 1,048 | 1,204 | 1,265 | 1,029 | 1,414 | 1,062 |
| Depreciation and amortization | 116 | 114 | 107 | 109 | 108 | 114 | 115 | 109 | 109 | 104 | 102 | 107 |
| Capital expenditure | -1,722 | -483 | -293 | -1,213 | -1,241 | -368 | -231 | -1,092 | -1,097 | -186 | -287 | -752 |
| Investing cash flow | -1,618 | -853 | -603 | -1,194 | -1,211 | -361 | -515 | -1,167 | -1,186 | -1,280 | -437 | -711 |
| Financing cash flow | -216 | -958 | -712 | -14.0 | -134 | -981 | -528 | -33.0 | -38.0 | 325 | -906 | -290 |
| Dividends paid | -123 | -125 | -114 | -115 | -117 | -118 | -108 | -107 | -109 | -110 | -101 | -100 |
| Share repurchases | -395 | -421 | -631 | -618 | -431 | -289 | -403 | -377 | -376 | -415 | -264 | -252 |
| Debt issued | 2,448 | 2,055 | 3,715 | 2,638 | 2,731 | 2,098 | 1,880 | 2,818 | 2,302 | 4,609 | 1,858 | 2,230 |
| Debt repaid | -2,145 | -2,449 | -3,667 | -1,910 | -2,316 | -2,636 | -1,897 | -2,367 | -1,854 | -3,743 | -2,399 | -2,168 |
| Effect of exchange rates | -1.0 | -6.0 | 6.0 | -9.0 | 23.0 | 2.0 | -27.0 | 8.0 | -3.0 | -8.0 | 8.0 | -4.0 |
| Net change in cash | -44.0 | -303 | -53.0 | -36.0 | 6.0 | 85.0 | -22.0 | 12.0 | 38.0 | 66.0 | 79.0 | 57.0 |
| Free cash flow | 69.0 | 1,031 | 963 | -32.0 | 87.0 | 1,057 | 817 | 112 | 168 | 843 | 1,127 | 310 |
| Levered free cash flow | 82.0 | 1,390 | 480 | -245 | 246 | 1,450 | 530 | 99.4 | 331 | 1,320 | 838 | 347 |