United Rentals Income Statement

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
Revenue	16,099	15,345	14,332	11,642	9,716
Revenue Growth (YoY)	4.91%	7.07%	23.11%	19.82%	13.90%
Cost of Revenue	9,924	9,132	8,411	6,619	5,826
Gross Profit	6,175	6,213	5,921	5,023	3,890
Selling, General & Admin	1,720	1,645	1,527	1,400	1,199
Operating Expenses	2,158	2,082	1,958	1,764	1,571
Operating Income	4,017	4,131	3,963	3,259	2,319
Interest Expense	-703	-691	-635	-445	-394
Other Non Operating Income (Expenses)	17	14	19	15	-7
EBT Excluding Unusual Items	3,331	3,454	3,347	2,829	1,918
Merger & Restructuring Charges	38	-3	-28	-	-5
Other Unusual Items	-31	-63	-108	-27	-67
Pretax Income	3,338	3,388	3,211	2,802	1,846
Income Tax Expense	844	813	787	697	460
Net Income	2,494	2,575	2,424	2,105	1,386
Net Income to Common	2,494	2,575	2,424	2,105	1,386
Net Income Growth	-3.15%	6.23%	15.15%	51.88%	55.73%
Shares Outstanding (Basic)	64	66	68	71	72
Shares Outstanding (Diluted)	65	67	69	71	73
Shares Change (YoY)	-2.95%	-3.12%	-3.19%	-2.53%	-0.15%
EPS (Basic)	38.70	38.81	35.40	29.77	19.14
EPS (Diluted)	38.61	38.69	35.28	29.65	19.04
EPS Growth	-0.21%	9.67%	18.99%	55.73%	56.07%
Free Cash Flow	2,075	1,940	2,208	1,708	1,459
Free Cash Flow Per Share	32.12	29.14	32.13	24.07	20.04
Dividend Per Share	7.160	6.520	5.920	-	-
Dividend Growth	9.82%	10.13%	-	-	-
Gross Margin	38.36%	40.49%	41.31%	43.15%	40.04%
Operating Margin	24.95%	26.92%	27.65%	27.99%	23.87%
Profit Margin	15.49%	16.78%	16.91%	18.08%	14.27%
Free Cash Flow Margin	12.89%	12.64%	15.41%	14.67%	15.02%
EBITDA	4,455	4,568	4,394	3,623	2,691
EBITDA Margin	27.67%	29.77%	30.66%	31.12%	27.70%
D&A For EBITDA	438	437	431	364	372
EBIT	4,017	4,131	3,963	3,259	2,319
EBIT Margin	24.95%	26.92%	27.65%	27.99%	23.87%
Effective Tax Rate	25.29%	24.00%	24.51%	24.88%	24.92%
Revenue as Reported	16,099	15,345	14,332	11,642	9,716

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.