Last 48 quarters of trend data · Industrials · Rental & Leasing Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
United Rentals, Inc.'s quarterly P/E stands at 21.8x, up 10.1% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 5.1% YoY to 9.2x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 24.45 | 21.81 | 19.84 | 21.88 | 19.64 | 19.81 | 16.80 | 18.92 | 16.97 | 22.42 | 14.32 | 10.79 | 12.96 |
| — | +10.1% | +18.0% | +15.6% | +15.8% | -11.7% | +17.3% | +75.3% | +30.9% | +46.6% | +47.5% | +38.2% | +47.5% | |
| P/S Ratio | 3.67 | 2.91 | 3.06 | 3.63 | 3.10 | 2.76 | 2.85 | 3.36 | 2.86 | 3.49 | 2.61 | 2.02 | 2.16 |
| — | +5.5% | +7.4% | +8.1% | +8.5% | -21.0% | +9.2% | +66.6% | +32.6% | +66.0% | +38.6% | +30.0% | +37.9% | |
| P/B Ratio | 6.80 | 5.17 | 5.74 | 6.82 | 5.42 | 4.67 | 5.41 | 6.25 | 5.21 | 5.99 | 4.78 | 3.91 | 4.14 |
| — | +10.7% | +6.1% | +9.2% | +3.9% | -22.1% | +13.1% | +59.6% | +26.0% | +54.7% | +36.1% | +31.4% | +44.3% | |
| P/FCF | 89.34 | 7.65 | 22.30 | — | — | 15.08 | 31.93 | — | — | 26.42 | 14.11 | — | — |
| — | -49.3% | -30.2% | — | — | -42.9% | +126.4% | — | — | -73.6% | -54.7% | — | — | |
| EV / EBITDA | 10.61 | 9.19 | 9.09 | 15.55 | 8.92 | 8.75 | 8.24 | 9.07 | 8.21 | 10.00 | 7.25 | 5.97 | 6.60 |
| — | +5.1% | +10.2% | +71.4% | +8.6% | -12.5% | +13.6% | +51.9% | +24.4% | +43.4% | +25.8% | +20.3% | +20.4% | |
| EV / EBIT | 18.91 | 17.61 | 15.96 | 17.05 | 15.55 | 15.61 | 13.99 | 14.98 | 14.03 | 18.00 | 12.04 | 9.72 | 11.59 |
| — | +12.8% | +14.1% | +13.8% | +10.9% | -13.3% | +16.3% | +54.2% | +21.0% | +33.9% | +33.9% | +21.9% | +20.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
United Rentals, Inc.'s operating margin was 21.8% in Q1 2026, down 3.2 pp QoQ and up 0.2 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 24.6% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 10.4% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.4% | 36.9% | 35.2% | 36.8% | 36.1% | 33.4% | 37.2% | 38.6% | 37.3% | 35.6% | 39.2% | 39.3% | 37.2% |
| — | +10.4% | -5.2% | -4.6% | -3.2% | -6.3% | -5.0% | -1.8% | +0.5% | +4.2% | -7.9% | -6.1% | -2.7% | |
| Operating Margin | 24.7% | 21.8% | 25.0% | 26.3% | 25.4% | 21.6% | 26.5% | 28.1% | 26.6% | 24.5% | 28.6% | 29.3% | 26.5% |
| — | +0.7% | -5.8% | -6.4% | -4.5% | -11.6% | -7.3% | -4.1% | +0.4% | +8.5% | -7.9% | -2.8% | +2.7% | |
| Net Margin | 15.5% | 13.3% | 15.5% | 16.6% | 15.8% | 13.9% | 16.8% | 17.7% | 16.9% | 15.6% | 18.2% | 18.7% | 16.6% |
| — | -4.3% | -7.8% | -6.5% | -6.4% | -10.4% | -7.6% | -5.0% | +1.4% | +13.3% | -6.1% | -6.0% | -6.5% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 28.4% | 5.9% | 7.3% | 7.8% | 7.0% | 6.0% | 8.0% | 8.4% | 7.8% | 6.7% | 8.5% | 9.3% | 8.1% |
| — | -0.5% | -9.3% | -7.4% | -10.0% | -10.8% | -6.3% | -9.4% | -4.6% | +5.0% | -10.3% | -5.2% | -0.0% | |
| ROA | 8.6% | 1.8% | 2.2% | 2.4% | 2.2% | 1.8% | 2.4% | 2.5% | 2.3% | 2.1% | 2.6% | 2.7% | 2.4% |
| — | -3.6% | -10.5% | -6.4% | -7.3% | -11.2% | -7.8% | -7.7% | -0.6% | +12.3% | -5.8% | -4.6% | -2.0% | |
| ROIC | 12.4% | 2.7% | 3.2% | 3.6% | 3.3% | 2.7% | 3.6% | 3.8% | 3.5% | 3.1% | 3.9% | 4.1% | 3.6% |
| — | -0.1% | -9.6% | -6.0% | -5.6% | -13.4% | -8.5% | -7.0% | -1.4% | +7.4% | -8.1% | -1.3% | +8.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
United Rentals, Inc.'s Debt/EBITDA ratio is 9.0x — elevated, raising questions about debt serviceability. The current ratio has weakened 6.1% YoY to 0.80x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.84 | 1.67 | 1.84 | 1.69 | 1.60 | 1.59 | 1.72 | 1.68 | 1.68 | 1.65 | 1.56 | 1.67 | 1.73 |
| — | +5.2% | +7.1% | +0.6% | -4.5% | -3.3% | +10.1% | +0.9% | -3.2% | -6.1% | -10.0% | +0.4% | +0.1% | |
| Debt / EBITDA | 2.33 | 9.03 | 8.87 | 12.44 | 8.20 | 8.99 | 8.00 | 7.75 | 8.06 | 8.69 | 7.18 | 7.18 | 7.83 |
| — | +0.4% | +10.9% | +60.6% | +1.8% | +3.5% | +11.4% | +7.9% | +2.9% | -0.4% | -6.0% | +0.8% | -5.3% | |
| Current Ratio | 0.94 | 0.80 | 0.94 | 0.90 | 0.86 | 0.85 | 0.98 | 0.82 | 0.81 | 0.89 | 0.81 | 0.81 | 0.74 |
| — | -6.1% | -3.4% | +8.9% | +5.9% | -4.5% | +21.2% | +1.7% | +8.9% | -22.2% | -27.6% | -21.1% | -30.4% | |
| Quick Ratio | 0.88 | 0.74 | 0.88 | 0.84 | 0.80 | 0.79 | 0.92 | 0.77 | 0.76 | 0.83 | 0.75 | 0.76 | 0.69 |
| — | -6.8% | -3.9% | +9.1% | +5.8% | -4.6% | +22.3% | +2.2% | +9.6% | -20.9% | -26.4% | -19.8% | -29.0% | |
| Interest Coverage | 5.66 | 4.94 | 5.78 | 6.26 | 5.91 | 4.74 | 6.05 | 6.33 | 5.83 | 5.34 | 6.60 | 6.79 | 5.80 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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United Rentals, Inc.'s current P/E is 24.5x. The average P/E over the last 4 quarters is 20.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
United Rentals, Inc.'s current operating margin is 24.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking United Rentals, Inc.'s business trajectory between earnings reports.