United Rentals Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	17,496	16,099	15,345	14,332	11,642	9,716
Revenue Growth	9.45%	4.91%	7.07%	23.11%	19.82%	13.90%
Cost of Revenue	10,639	9,924	9,132	8,411	6,619	5,826
Gross Profit	6,857	6,175	6,213	5,921	5,023	3,890
Selling, General & Admin	1,816	1,720	1,645	1,527	1,400	1,199
Operating Expenses	2,264	2,158	2,082	1,958	1,764	1,571
Operating Income	4,593	4,017	4,131	3,963	3,259	2,319
Interest Expense	-785	-703	-691	-635	-445	-394
Other Non Operating Income (Expenses)	18	17	14	19	15	-7
EBT Excluding Unusual Items	3,826	3,331	3,454	3,347	2,829	1,918
Merger & Restructuring Charges	-41	38	-3	-28	-	-5
Gain (Loss) on Sale of Assets	48	-	-	-	-	-
Other Unusual Items	-20	-31	-63	-108	-27	-67
Pretax Income	3,813	3,338	3,388	3,211	2,802	1,846
Income Tax Expense	956	844	813	787	697	460
Net Income	2,857	2,494	2,575	2,424	2,105	1,386
Net Income to Common	2,857	2,494	2,575	2,424	2,105	1,386
Net Income Growth	12.93%	-3.15%	6.23%	15.15%	51.88%	55.73%
Shares Outstanding (Basic)	63	64	66	68	71	72
Shares Outstanding (Diluted)	63	65	67	69	71	73
Shares Change	-3.44%	-2.95%	-3.12%	-3.19%	-2.53%	-0.15%
EPS (Basic)	45.53	38.70	38.81	35.40	29.77	19.14
EPS (Diluted)	45.42	38.61	38.69	35.28	29.65	19.04
EPS Growth	16.97%	-0.21%	9.67%	18.99%	55.73%	56.07%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Free Cash Flow	2,306	2,075	1,940	2,208	1,708	1,459
Free Cash Flow Per Share	36.65	32.12	29.14	32.13	24.07	20.04
Dividend Per Share	7.700	7.160	6.520	5.920	-	-
Dividend Growth	10.00%	9.82%	10.13%	-	-	-
Gross Margin	39.19%	38.36%	40.49%	41.31%	43.15%	40.04%
Operating Margin	26.25%	24.95%	26.92%	27.65%	27.99%	23.87%
Profit Margin	16.33%	15.49%	16.78%	16.91%	18.08%	14.27%
Free Cash Flow Margin	13.18%	12.89%	12.64%	15.41%	14.67%	15.02%
EBITDA	5,041	4,455	4,568	4,394	3,623	2,691
EBITDA Margin	28.81%	27.67%	29.77%	30.66%	31.12%	27.70%
D&A For EBITDA	448	438	437	431	364	372
EBIT	4,593	4,017	4,131	3,963	3,259	2,319
EBIT Margin	26.25%	24.95%	26.92%	27.65%	27.99%	23.87%
Effective Tax Rate	25.07%	25.29%	24.00%	24.51%	24.88%	24.92%
Revenue as Reported	17,496	16,099	15,345	14,332	11,642	9,716

SEC Filings: 10-K · 10-Q