United Rentals Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	459	457	363	106	144
Cash & Short-Term Investments	459	457	363	106	144
Cash Growth	0.44%	25.90%	242.45%	-26.39%	-28.71%
Accounts Receivable	2,510	2,357	2,230	2,004	1,677
Inventory	240	200	205	232	164
Other Current Assets	399	235	135	381	166
Total Current Assets	3,608	3,249	2,933	2,723	2,151
Net Property, Plant & Equipment	18,598	17,302	16,003	14,935	11,956
Other Intangible Assets	477	663	670	452	615
Goodwill	7,119	6,900	5,940	6,026	5,528
Other Long-Term Assets	64	49	43	47	42
Total Assets	29,866	28,163	25,589	24,183	20,292
Accounts Payable	776	748	905	1,139	816
Accrued Expenses	1,466	1,397	1,267	1,145	881
Short-Term Debt	1,577	1,178	1,465	161	906
Current Portion of Long-Term Debt	1,577	1,178	1,465	161	906
Total Current Liabilities	3,819	3,323	3,637	2,445	2,603
Long-Term Debt	12,652	12,228	10,053	11,209	8,779
Long-Term Leases	1,124	1,089	895	642	621
Other Long-Term Liabilities	3,303	2,901	2,874	2,825	2,298
Total Long-Term Liabilities	17,079	16,218	13,822	14,676	11,698
Total Liabilities	20,898	19,541	17,459	17,121	14,301
Common Stock	1	1	1	1	1
Treasury Stock	-9,396	-7,478	-5,965	-4,957	-3,957
Additional Paid-in Capital	2,769	2,691	2,650	2,626	2,567
Accumulated Other Comprehensive Income	-249	-405	-228	-264	-171
Retained Earnings	15,843	13,813	11,672	9,656	7,551
Shareholders' Equity	8,968	8,622	8,130	7,062	5,991
Total Liabilities & Equity	29,866	28,163	25,589	24,183	20,292
Total Debt	16,930	15,673	13,878	12,173	11,212
Net Cash (Debt)	-16,471	-15,216	-13,515	-12,067	-11,068
Net Cash Per Share	-254.95	-228.58	-196.70	-170.02	-152.00
Book Value	8,968	8,622	8,130	7,062	5,991
Book Value Per Share	138.81	129.52	118.32	99.50	82.27
Tangible Book Value	1,372	1,059	1,520	584	-152
Tangible Book Value Per Share	21.24	15.91	22.12	8.23	-2.09

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.