United Rentals, Inc. (URI) Financial Ratios
28 years of historical data (1998–2025) · Industrials · Rental & Leasing Services
EV/EBITDA
↑
10.79
↑+31% vs avg
5yr avg: 8.23
30Y Low3.7·High9.6
P/FCF
↑
91.27
↑+36% vs avg
5yr avg: 67.25
30Y Low4.6·High111.9
P/B Ratio
↑
6.95
↑+46% 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 25.0x earnings, 47% above its 5-year average of 17.0x, sitting at the 91st percentile of its historical range. This is roughly in line with the Industrials sector median P/E of 25.9x. On a free-cash-flow basis, the stock trades at 91.3x P/FCF, 36% 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 | $60.4B | $52.3B | $46.9B | $39.4B | $25.2B | $24.2B | $16.9B | $13.0B | $8.6B | $14.7B | $9.3B |
| Enterprise Value | $76.4B | $68.3B | $61.2B | $51.7B | $37.3B | $34.6B | $27.1B | $25.0B | $20.3B | $23.8B | $16.7B |
| P/E Ratio → | 24.98 | 20.96 | 18.21 | 16.25 | 11.98 | 17.46 | 19.01 | 11.04 | 7.81 | 10.93 | 16.37 |
| P/S Ratio | 3.75 | 3.25 | 3.06 | 2.75 | 2.17 | 2.49 | 1.98 | 1.39 | 1.06 | 2.22 | 1.61 |
| P/B Ratio | 6.95 | 5.83 | 5.44 | 4.85 | 3.57 | 4.04 | 3.72 | 3.38 | 2.52 | 4.74 | 5.62 |
| P/FCF | 91.27 | 78.98 | 111.92 | 62.14 | 33.95 | 49.28 | 11.28 | 19.23 | 15.23 | 43.15 | 15.10 |
| P/OCF | 11.64 | 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 10.8x EBITDA, 31% above its 5-year average of 8.2x. The Industrials sector median is 13.9x, placing the stock at a 22% 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 | 10.79 | 9.64 | 8.78 | 7.79 | 6.85 | 8.10 | 7.13 | 5.95 | 5.49 | 7.91 | 6.20 |
| EV / EBIT | 19.24 | 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 4.9%. 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 6.3%.
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 (26% 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 4.0% to shareholders annually — split between a 0.7% dividend yield and 3.3% buyback yield. The payout ratio of 18.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.0% (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 | 4.0% | 4.8% | 5.5% | 6.2% | 8.3% | 5.7% | 5.3% | 9.1% | 12.8% | 9.2% | 6.1% |
| FCF Yield | 1.1% | 1.3% | 0.9% | 1.6% | 2.9% | 2.0% | 8.9% | 5.2% | 6.6% | 2.3% | 6.6% |
| Buyback Yield | 3.3% | 3.8% | 3.4% | 2.7% | 4.2% | 0.1% | 1.7% | 6.7% | 9.5% | 0.4% | 5.7% |
| Total Shareholder Yield | 4.0% | 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 | $60B | 25.0 | 10.8 | 91.3 | 35.4% | 24.7% | 28.4% | 12.4% | 2.3 |
 KFRC | $769M | 21.5 | 15.0 | 16.4 | 26.8% | 3.8% | 24.9% | 19.1% | 1.3 |
 BRT | $272M | -21.9 | 20.2 | 25.2 | 0.2% | 11.4% | -6.3% | 1.3% | 13.6 |
 TREX | $4B | 22.4 | 13.9 | 31.6 | 39.2% | 22.0% | 20.2% | 16.4% | 0.7 |
 BLDR | $9B | 20.6 | 10.4 | 10.4 | 29.0% | 5.2% | 10.1% | 6.4% | 4.1 |
 WSC | $4B | -80.7 | 9.1 | 5.7 | 46.8% | 21.4% | -5.7% | 7.4% | 4.5 |
 MGRC | $3B | 17.8 | 9.4 | 13.1 | 46.1% | 25.9% | 13.2% | 10.5% | 1.5 |
 FTAI | $29B | 62.0 | 32.5 | — | 31.1% | 30.7% | 241.2% | 16.8% | 3.5 |
 CAT | $431B | 49.2 | 34.5 | 42.0 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
 DE | $160B | 32.0 | 20.3 | 49.6 | 36.5% | 18.8% | 19.3% | 7.7% | 6.0 |
 TEX | $4B | 19.3 | 9.9 | 13.1 | 19.4% | 8.8% | 11.3% | 8.6% | 4.4 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonURI — 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 25.0x. 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 10.8x. 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 25.0x. 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 0.74% 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.