United Rentals, Inc. (URI) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 3.31B | 3.61B | 3.78B | 3.52B | 3.24B | 3.25B | 3.32B | 3.22B | 3.01B | 2.93B | 2.98B | 2.84B | 2.62B | 2.72B | 2.33B | 2.16B | 2.01B | 2.15B | 2.2B | 2.15B |
| Cash & Short-Term Investments | 156M | 459M | 512M | 548M | 542M | 457M | 479M | 467M | 429M | 363M | 284M | 227M | 99M | 106M | 76M | 68M | 101M | 144M | 320M | 336M |
| Cash Only | 156M | 459M | 512M | 548M | 542M | 457M | 479M | 467M | 429M | 363M | 284M | 227M | 99M | 106M | 76M | 68M | 101M | 144M | 320M | 336M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.56B | 2.51B | 2.58B | 2.37B | 2.3B | 2.41B | 2.4B | 2.26B | 2.22B | 2.23B | 2.28B | 2.14B | 2.03B | 2B | 1.93B | 1.74B | 1.61B | 1.68B | 1.61B | 1.42B |
| Days Sales Outstanding | 57.26 | 55.63 | 53.81 | 53.84 | 56.97 | 53.99 | 53.65 | 54.04 | 58.18 | 55.67 | 53.94 | 53.41 | 55.32 | 54.96 | 55.45 | 55.02 | 58.6 | 54.48 | 53.62 | 53.24 |
| Inventory | 256M | 240M | 234M | 242M | 227M | 200M | 211M | 219M | 208M | 205M | 201M | 210M | 222M | 232M | 193M | 199M | 179M | 164M | 166M | 174M |
| Days Inventory Outstanding | 8.87 | 8 | 8.19 | 8.47 | 7.76 | 7.35 | 8.06 | 8.22 | 8.38 | 8.23 | 8.27 | 8.8 | 9.45 | 10.32 | 10.16 | 10.05 | 9.48 | 8.89 | 9.83 | 8.72 |
| Other Current Assets | 338M | 399M | 458M | 362M | 174M | 90M | 235M | 273M | 151M | 62M | 76M | 94M | 84M | 90M | 0 | 0 | 0 | 60M | 62M | 60M |
| Total Non-Current Assets | 26.58B | 26.26B | 26.28B | 25.69B | 24.81B | 24.91B | 25.09B | 24.39B | 23.65B | 22.66B | 22.85B | 22.67B | 22.01B | 21.46B | 19.09B | 18.66B | 18.16B | 18.14B | 18.11B | 17.49B |
| Property, Plant & Equipment | 2.52B | 2.53B | 2.4B | 18.15B | 17.25B | 17.3B | 17.5B | 16.85B | 16.08B | 16B | 16.29B | 16.02B | 15.39B | 14.94B | 13B | 12.47B | 12.02B | 11.96B | 11.94B | 11.02B |
| Fixed Asset Turnover | 1.58x | 1.71x | 0.41x | 0.22x | 0.22x | 0.24x | 0.23x | 0.23x | 0.22x | 0.23x | 0.23x | 0.23x | 0.22x | 0.24x | 0.24x | 0.23x | 0.21x | 0.23x | 0.23x | 0.22x |
| Goodwill | 7.29B | 7.12B | 6.88B | 6.89B | 6.86B | 6.9B | 6.85B | 6.75B | 6.86B | 5.94B | 5.79B | 5.83B | 5.71B | 6.03B | 5.54B | 5.61B | 5.52B | 5.53B | 5.46B | 5.84B |
| Intangible Assets | 547M | 477M | 531M | 588M | 642M | 663M | 694M | 744M | 666M | 670M | 728M | 773M | 868M | 452M | 500M | 533M | 583M | 615M | 662M | 576M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -656M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 16.23B | 16.13B | 16.47B | 56M | 53M | 49M | 48M | 47M | 44M | 43M | 48M | 49M | 45M | 47M | 47M | 41M | 38M | 42M | 44M | 42M |
| Total Assets | 29.89B | 29.87B | 30.07B | 29.21B | 28.05B | 28.16B | 28.41B | 27.61B | 26.66B | 25.59B | 25.83B | 25.51B | 24.63B | 24.18B | 21.42B | 20.82B | 20.17B | 20.29B | 20.31B | 19.64B |
| Asset Turnover | 0.13x | 0.14x | 0.14x | 0.14x | 0.13x | 0.14x | 0.14x | 0.14x | 0.13x | 0.14x | 0.15x | 0.14x | 0.13x | 0.14x | 0.14x | 0.14x | 0.12x | 0.14x | 0.13x | 0.12x |
| Asset Growth % | 6.55% | 6.05% | 5.82% | 5.77% | 5.22% | 10.06% | 9.99% | 8.26% | 8.24% | 5.81% | 20.6% | 22.51% | 22.11% | 19.18% | 5.48% | 6% | 14.98% | 13.57% | 13.39% | 9.73% |
| Total Current Liabilities | 4.13B | 3.82B | 4.21B | 4.1B | 3.79B | 3.32B | 4.03B | 3.97B | 3.36B | 3.64B | 3.67B | 3.81B | 2.28B | 2.44B | 2.26B | 2.02B | 2.6B | 2.6B | 2.75B | 2.54B |
| Accounts Payable | 1.08B | 776M | 1.28B | 1.44B | 1.03B | 748M | 1.22B | 1.35B | 959M | 905M | 1.12B | 1.34B | 1.12B | 1.14B | 1.14B | 1.06B | 828M | 816M | 1.06B | 897M |
| Days Payables Outstanding | 33.28 | 34.64 | 46.72 | 44.6 | 32.28 | 35.13 | 48.1 | 44.42 | 37.81 | 41.09 | 49.48 | 50.04 | 46.96 | 55.25 | 57.04 | 50.31 | 45.41 | 50.44 | 56.5 | 44.2 |
| Short-Term Debt | 1.62B | 1.58B | 1.55B | 1.29B | 1.42B | 1.18B | 1.51B | 1.37B | 1.09B | 1.47B | 1.45B | 1.44B | 156M | 372M | 156M | 60M | 960M | 906M | 888M | 852M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 185M | 0 | 0 | 0 | 138M | 0 | 0 | 0 | 131M | 0 | 0 | 0 | 83M | 0 | 0 |
| Other Current Liabilities | 0 | 1.47B | 0 | 0 | 0 | 487M | 0 | 0 | 0 | 416M | 0 | 0 | 0 | 418M | 0 | 0 | 0 | 333M | 0 | 0 |
| Current Ratio | 0.80x | 0.94x | 0.90x | 0.86x | 0.85x | 0.98x | 0.82x | 0.81x | 0.89x | 0.81x | 0.81x | 0.74x | 1.15x | 1.11x | 1.03x | 1.07x | 0.77x | 0.83x | 0.80x | 0.85x |
| Quick Ratio | 0.74x | 0.88x | 0.84x | 0.80x | 0.79x | 0.92x | 0.77x | 0.76x | 0.83x | 0.75x | 0.76x | 0.69x | 1.05x | 1.02x | 0.94x | 0.97x | 0.71x | 0.76x | 0.74x | 0.78x |
| Cash Conversion Cycle | 32.85 | 28.99 | 15.28 | 17.72 | 32.44 | 26.21 | 13.61 | 17.83 | 28.74 | 22.82 | 12.73 | 12.17 | 17.81 | 10.03 | 8.57 | 14.76 | 22.66 | 12.93 | 6.95 | 17.77 |
| Total Non-Current Liabilities | 16.79B | 17.08B | 16.85B | 16.07B | 15.47B | 16.22B | 15.8B | 15.36B | 15.17B | 13.82B | 14.4B | 14.28B | 15.22B | 14.68B | 12.8B | 12.75B | 11.49B | 11.7B | 12.07B | 12B |
| Long-Term Debt | 13.4B | 13.78B | 12.6B | 12.1B | 11.5B | 12.23B | 11.88B | 11.52B | 11.32B | 10.05B | 10.58B | 10.49B | 11.49B | 11.14B | 9.75B | 9.76B | 8.53B | 8.78B | 9.22B | 9.31B |
| Capital Lease Obligations | 1.13B | 1.12B | 1.06B | 1.07B | 1.07B | 1.09B | 1.02B | 988M | 966M | 895M | 890M | 896M | 857M | 714M | 630M | 633M | 625M | 621M | 615M | 630M |
| Deferred Tax Liabilities | 3.2B | 3.12B | 2.97B | 2.68B | 2.69B | 2.69B | 2.67B | 2.67B | 2.69B | 2.7B | 2.76B | 2.72B | 2.7B | 2.67B | 2.26B | 2.2B | 2.19B | 2.15B | 2.08B | 1.91B |
| Other Non-Current Liabilities | 198M | -936M | 219M | 225M | 202M | 216M | 225M | 183M | 200M | 173M | 176M | 169M | 167M | 154M | 155M | 153M | 147M | 144M | 159M | 154M |
| Total Liabilities | 20.92B | 20.9B | 21.07B | 20.17B | 19.26B | 19.54B | 19.83B | 19.33B | 18.54B | 17.46B | 18.08B | 18.09B | 17.5B | 17.12B | 15.07B | 14.77B | 14.09B | 14.3B | 14.82B | 14.55B |
| Total Debt | 15.02B | 16.48B | 15.21B | 14.46B | 13.99B | 14.79B | 14.41B | 13.88B | 13.37B | 12.66B | 12.92B | 12.83B | 12.51B | 12.22B | 10.54B | 10.45B | 10.11B | 10.51B | 10.72B | 10.79B |
| Net Debt | 14.86B | 16.02B | 14.7B | 13.91B | 13.45B | 14.33B | 13.94B | 13.41B | 12.94B | 12.3B | 12.63B | 12.61B | 12.41B | 12.12B | 10.46B | 10.39B | 10.01B | 10.36B | 10.4B | 10.45B |
| Debt / Equity | 1.67x | 1.84x | 1.69x | 1.60x | 1.59x | 1.72x | 1.68x | 1.68x | 1.65x | 1.56x | 1.67x | 1.73x | 1.75x | 1.73x | 1.66x | 1.73x | 1.66x | 1.75x | 1.95x | 2.12x |
| Debt / EBITDA | 9.03x | 8.87x | 12.44x | 8.20x | 8.99x | 8.00x | 7.75x | 8.06x | 8.69x | 7.18x | 7.18x | 7.83x | 8.72x | 7.63x | 7.12x | 8.27x | 9.16x | 8.22x | 9.02x | 11.25x |
| Net Debt / EBITDA | 8.93x | 8.63x | 12.02x | 7.89x | 8.64x | 7.75x | 7.49x | 7.79x | 8.41x | 6.97x | 7.02x | 7.69x | 8.65x | 7.57x | 7.07x | 8.22x | 9.07x | 8.11x | 8.75x | 10.90x |
| Interest Coverage | 4.94x | 5.78x | 6.26x | 5.91x | 4.74x | 6.05x | 6.33x | 5.83x | 5.34x | 6.60x | 6.79x | 5.80x | 4.96x | 7.78x | 8.70x | 6.38x | 6.14x | 7.92x | 5.17x | 4.77x |
| Total Equity | 8.97B | 8.97B | 9B | 9.04B | 8.79B | 8.62B | 8.58B | 8.28B | 8.12B | 8.13B | 7.76B | 7.41B | 7.13B | 7.06B | 6.35B | 6.05B | 6.08B | 5.99B | 5.48B | 5.09B |
| Equity Growth % | 2.04% | 4.01% | 4.88% | 9.11% | 8.24% | 6.05% | 10.64% | 11.69% | 13.88% | 15.12% | 22.08% | 22.63% | 17.19% | 17.88% | 15.87% | 18.69% | 28.22% | 31.82% | 31.77% | 30.38% |
| Book Value per Share | 141.01 | 141.01 | 140.02 | 139.11 | 134.32 | 130.27 | 129.65 | 124.13 | 120.44 | 119.91 | 113.62 | 107.70 | 102.23 | 101.17 | 90.69 | 84.73 | 83.70 | 82.18 | 75.41 | 70.05 |
| Total Shareholders' Equity | 8.97B | 8.97B | 9B | 9.04B | 8.79B | 8.62B | 8.58B | 8.28B | 8.12B | 8.13B | 7.76B | 7.41B | 7.13B | 7.06B | 6.35B | 6.05B | 6.08B | 5.99B | 5.48B | 5.09B |
| Common Stock | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M |
| Retained Earnings | 16.25B | 15.84B | 15.3B | 14.72B | 14.21B | 13.81B | 13.23B | 12.63B | 12.1B | 11.67B | 11.09B | 10.49B | 10B | 9.66B | 9.02B | 8.41B | 7.92B | 7.55B | 7.07B | 6.66B |
| Treasury Stock | -9.77B | -9.4B | -8.77B | -8.15B | -7.73B | -7.48B | -7.1B | -6.72B | -6.34B | -5.96B | -5.71B | -5.46B | -5.21B | -4.96B | -4.96B | -4.72B | -4.22B | -3.96B | -3.96B | -3.96B |
| Accumulated OCI | -272M | -249M | -283M | -254M | -384M | -405M | -237M | -292M | -279M | -228M | -268M | -241M | -264M | -264M | -312M | -217M | -151M | -171M | -169M | -117M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |