United Rentals, Inc. (URI) Financial Ratios
28 years of historical data (1998–2025) · Industrials · Rental & Leasing Services
EV/EBITDA
↑
11.79
↑+43% vs avg
5yr avg: 8.23
30Y Low3.7·High9.6
P/FCF
↑
101.90
↑+52% vs avg
5yr avg: 67.25
30Y Low4.6·High111.9
P/B Ratio
↑
7.76
↑+63% vs avg
5yr avg: 4.75
30Y Low0.7·High33.9
ROE
↑
28.4%
-5% vs avg
5yr avg: 29.9%
30Y Low-71%·High459%
Debt/EBITDA
↓
2.33
+5% vs avg
5yr avg: 2.21
30Y Low1.9·High6.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
URI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
United Rentals, Inc. trades at 27.9x earnings, 64% above its 5-year average of 17.0x, sitting at the 91st percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 9%. On a free-cash-flow basis, the stock trades at 101.9x P/FCF, 52% above the 5-year average of 67.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $67.5B | $52.3B | $46.9B | $39.4B | $25.2B | $24.2B | $16.9B | $13.0B | $8.6B | $14.7B | $9.3B |
| Enterprise Value | $83.5B | $68.3B | $61.2B | $51.7B | $37.3B | $34.6B | $27.1B | $25.0B | $20.3B | $23.8B | $16.7B |
| P/E Ratio → | 27.89 | 20.96 | 18.21 | 16.25 | 11.98 | 17.46 | 19.01 | 11.04 | 7.81 | 10.93 | 16.37 |
| P/S Ratio | 4.19 | 3.25 | 3.06 | 2.75 | 2.17 | 2.49 | 1.98 | 1.39 | 1.06 | 2.22 | 1.61 |
| P/B Ratio | 7.76 | 5.83 | 5.44 | 4.85 | 3.57 | 4.04 | 3.72 | 3.38 | 2.52 | 4.74 | 5.62 |
| P/FCF | 101.90 | 78.98 | 111.92 | 62.14 | 33.95 | 49.28 | 11.28 | 19.23 | 15.23 | 43.15 | 15.10 |
| P/OCF | 13.00 | 10.07 | 10.32 | 8.38 | 5.69 | 6.56 | 6.36 | 4.29 | 3.00 | 6.60 | 4.75 |
P/E links to full P/E history page with 30-year chart
URI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
United Rentals, Inc.'s enterprise value stands at 11.8x EBITDA, 43% above its 5-year average of 8.2x. The Industrials sector median is 13.8x, placing the stock at a 15% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.24 | 3.99 | 3.61 | 3.21 | 3.56 | 3.18 | 2.68 | 2.52 | 3.58 | 2.91 |
| EV / EBITDA | 11.79 | 9.64 | 8.78 | 7.79 | 6.85 | 8.10 | 7.13 | 5.95 | 5.49 | 7.91 | 6.20 |
| EV / EBIT | 21.01 | 16.85 | 15.01 | 13.44 | 11.50 | 15.22 | 15.00 | 11.58 | 10.36 | 16.30 | 12.68 |
| EV / FCF | — | 103.17 | 146.12 | 81.54 | 50.26 | 70.39 | 18.08 | 37.16 | 36.06 | 69.80 | 27.28 |
URI Profitability
Margins and return-on-capital ratios measuring operating efficiency
United Rentals, Inc. earns an operating margin of 24.7%, significantly above the Industrials sector average of 4.3%. Operating margins have compressed from 26.9% to 24.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 28.4% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 12.4% represents solid returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.4% | 35.4% | 37.2% | 37.6% | 39.8% | 36.0% | 33.2% | 34.9% | 38.0% | 38.1% | 37.8% |
| Operating Margin | 24.7% | 24.7% | 26.5% | 26.9% | 27.8% | 23.6% | 21.7% | 23.2% | 25.1% | 24.5% | 25.3% |
| Net Profit Margin | 15.5% | 15.5% | 16.8% | 16.9% | 18.1% | 14.3% | 10.4% | 12.6% | 13.6% | 20.3% | 9.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 28.4% | 28.4% | 30.7% | 31.9% | 32.3% | 26.3% | 21.3% | 32.5% | 33.7% | 56.6% | 36.2% |
| ROA | 8.6% | 8.6% | 9.6% | 9.7% | 9.5% | 7.3% | 4.8% | 6.3% | 6.6% | 10.0% | 4.7% |
| ROIC | 12.4% | 12.4% | 14.1% | 14.6% | 13.6% | 11.1% | 9.1% | 10.5% | 11.1% | 11.4% | 11.8% |
| ROCE | 15.6% | 15.6% | 17.4% | 17.6% | 16.4% | 13.6% | 11.3% | 13.2% | 13.7% | 13.4% | 13.5% |
URI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
United Rentals, Inc. carries a Debt/EBITDA ratio of 2.3x, which is manageable (28% below the sector average of 3.2x). Net debt stands at $16.0B ($16.5B total debt minus $459M cash). Interest coverage of 5.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.84 | 1.84 | 1.72 | 1.56 | 1.73 | 1.75 | 2.29 | 3.17 | 3.45 | 3.04 | 4.73 |
| Debt / EBITDA | 2.33 | 2.33 | 2.12 | 1.91 | 2.24 | 2.46 | 2.74 | 2.88 | 3.18 | 3.14 | 2.88 |
| Net Debt / Equity | — | 1.79 | 1.66 | 1.51 | 1.72 | 1.73 | 2.25 | 3.16 | 3.44 | 2.93 | 4.54 |
| Net Debt / EBITDA | 2.26 | 2.26 | 2.06 | 1.85 | 2.22 | 2.43 | 2.68 | 2.87 | 3.17 | 3.02 | 2.77 |
| Debt / FCF | — | 24.20 | 34.21 | 19.40 | 16.31 | 21.11 | 6.80 | 17.93 | 20.83 | 26.65 | 12.18 |
| Interest Coverage | 5.66 | 5.66 | 5.90 | 6.06 | 7.30 | 5.35 | 2.70 | 3.34 | 4.07 | 3.15 | 2.59 |
URI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.94x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.81x to 0.94x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.94 | 0.94 | 0.98 | 0.81 | 1.11 | 0.83 | 1.07 | 0.84 | 0.83 | 1.06 | 1.15 |
| Quick Ratio | 0.88 | 0.88 | 0.92 | 0.75 | 1.02 | 0.76 | 1.00 | 0.78 | 0.78 | 1.02 | 1.09 |
| Cash Ratio | 0.12 | 0.12 | 0.14 | 0.10 | 0.04 | 0.06 | 0.11 | 0.02 | 0.02 | 0.21 | 0.26 |
| Asset Turnover | — | 0.54 | 0.54 | 0.56 | 0.48 | 0.48 | 0.48 | 0.49 | 0.44 | 0.44 | 0.48 |
| Inventory Turnover | 43.30 | 43.30 | 48.16 | 43.66 | 30.22 | 37.93 | 45.58 | 50.73 | 45.79 | 54.84 | 52.72 |
| Days Sales Outstanding | — | 56.91 | 57.32 | 56.92 | 62.83 | 63.11 | 56.44 | 61.71 | 70.08 | 67.77 | 58.28 |
URI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
United Rentals, Inc. returns 3.6% to shareholders annually — split between a 0.7% dividend yield and 2.9% buyback yield. The payout ratio of 18.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.7% | 0.9% | 0.9% | 1.0% | — | — | — | — | — | — | — |
| Payout Ratio | 18.6% | 18.6% | 16.9% | 16.7% | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.6% | 4.8% | 5.5% | 6.2% | 8.3% | 5.7% | 5.3% | 9.1% | 12.8% | 9.2% | 6.1% |
| FCF Yield | 1.0% | 1.3% | 0.9% | 1.6% | 2.9% | 2.0% | 8.9% | 5.2% | 6.6% | 2.3% | 6.6% |
| Buyback Yield | 2.9% | 3.8% | 3.4% | 2.7% | 4.2% | 0.1% | 1.7% | 6.7% | 9.5% | 0.4% | 5.7% |
| Total Shareholder Yield | 3.6% | 4.7% | 4.3% | 3.7% | 4.2% | 0.1% | 1.7% | 6.7% | 9.5% | 0.4% | 5.7% |
| Shares Outstanding | — | $65M | $67M | $69M | $71M | $73M | $73M | $78M | $84M | $86M | $88M |
Peer Comparison
Compare URI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 URIYou | $67B | 27.9 | 11.8 | 101.9 | 35.4% | 24.7% | 28.4% | 12.4% | 2.3 |
 KFRC | $830M | 23.2 | 16.1 | 17.7 | 26.8% | 3.8% | 24.9% | 19.1% | 1.3 |
 BRT | $280M | -22.6 | 20.4 | 42.2 | 0.2% | 11.4% | -6.3% | 1.3% | 13.6 |
 TREX | $5B | 26.5 | 16.0 | 36.4 | 39.2% | 22.0% | 20.2% | 16.4% | 0.7 |
 BLDR | $9B | 20.7 | 10.4 | 10.4 | 29.0% | 5.2% | 10.1% | 6.4% | 4.1 |
 WSC | $5B | -99.4 | 10.2 | 7.1 | 46.8% | 21.4% | -5.7% | 7.4% | 4.5 |
 MGRC | $3B | 18.6 | 9.8 | 13.7 | 46.1% | 25.9% | 13.2% | 10.5% | 1.5 |
 FTAI | $28B | 60.0 | 31.6 | — | 31.1% | 30.7% | 241.2% | 16.8% | 3.5 |
 CAT | $459B | 52.4 | 36.5 | 44.6 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
 DE | $159B | 31.9 | 20.2 | 49.2 | 36.5% | 18.8% | 20.5% | 7.8% | 6.0 |
 TEX | $4B | 20.1 | 10.2 | 13.7 | 19.4% | 8.8% | 11.3% | 8.6% | 4.4 |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 28 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into URI consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
URI — Frequently Asked Questions
Quick answers to the most common questions about buying URI stock.
What is United Rentals, Inc.'s P/E ratio?
United Rentals, Inc.'s current P/E ratio is 27.9x. The historical average is 24.3x. This places it at the 91th percentile of its historical range.
What is United Rentals, Inc.'s EV/EBITDA?
United Rentals, Inc.'s current EV/EBITDA is 11.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.4x.
What is United Rentals, Inc.'s ROE?
United Rentals, Inc.'s return on equity (ROE) is 28.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 32.5%.
Is URI stock overvalued?
Based on historical data, United Rentals, Inc. is trading at a P/E of 27.9x. This is at the 91th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is United Rentals, Inc.'s dividend yield?
United Rentals, Inc.'s current dividend yield is 0.67% with a payout ratio of 18.6%.
What are United Rentals, Inc.'s profit margins?
United Rentals, Inc. has 35.4% gross margin and 24.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does United Rentals, Inc. have?
United Rentals, Inc.'s Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.