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	9,955	9,195	8,519	6,646	5,863
Gross Profit	6,144	6,150	5,813	4,996	3,853
Selling, General & Admin	1,732	1,645	1,527	1,400	1,199
Depreciation & Amortization Expenses	438	437	431	364	372
Other Operating Expenses	1	3	28	-	3
Total Operating Expenses	2,171	2,085	1,986	1,764	1,574
Operating Income	3,973	4,065	3,827	3,232	2,277
Interest Expense	-716	-691	-635	-445	-424
Other Non-Operating Income (Expense)	-81	-14	-19	-15	7
Total Non-Operating Income (Expense)	-797	-705	-654	-460	-417
Pretax Income	3,338	3,388	3,211	2,802	1,846
Provision for Income Taxes	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)	38.71	38.82	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%
Shares Outstanding	63.1	65.31	67.27	69.36	72.42
Free Cash Flow	662	419	634	743	491
Free Cash Flow Growth	57.99%	-33.91%	-14.67%	51.32%	-67.27%
Free Cash Flow Per Share	10.25	6.29	9.23	10.47	6.74
Dividends Per Share	7.160	6.520	5.920	-	-
Dividend Growth	9.82%	10.13%	-	-	-
Gross Margin	38.16%	40.08%	40.56%	42.91%	39.66%
Operating Margin	24.68%	26.49%	26.70%	27.76%	23.44%
Profit Margin	15.49%	16.78%	16.91%	18.08%	14.27%
FCF Margin	4.11%	2.73%	4.42%	6.38%	5.05%
EBITDA	7,081	6,968	6,608	5,449	4,260
EBITDA Margin	43.98%	45.41%	46.11%	46.80%	43.85%
EBIT	3,973	4,065	3,827	3,232	2,277
EBIT Margin	24.68%	26.49%	26.70%	27.76%	23.44%
Effective Tax Rate	25.28%	24.00%	24.51%	24.88%	24.92%

Updated Jan 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q