United Rentals, Inc. (URI) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 3.98B | 4.21B | 4.23B | 3.94B | 3.72B | 4.09B | 3.99B | 3.77B | 3.48B | 3.73B | 3.77B | 3.55B | 3.29B | 3.3B | 3.05B | 2.77B | 2.52B | 2.78B | 2.6B | 2.29B |
| Revenue Growth % | 7.15% | 2.76% | 5.94% | 4.51% | 6.71% | 9.84% | 6.03% | 6.16% | 6.09% | 13.11% | 23.4% | 28.26% | 30.15% | 18.73% | 17.53% | 21.16% | 22.7% | 21.81% | 18.7% | 17.95% |
| Cost of Goods Sold | 2.52B | 2.73B | 2.67B | 2.52B | 2.48B | 2.57B | 2.45B | 2.36B | 2.24B | 2.27B | 2.29B | 2.23B | 2.16B | 1.89B | 1.77B | 1.71B | 1.63B | 1.71B | 1.59B | 1.5B |
| COGS % of Revenue | 63.14% | 64.76% | 63.21% | 63.86% | 66.6% | 62.81% | 61.45% | 62.66% | 64.36% | 60.84% | 60.74% | 62.83% | 65.81% | 57.46% | 58.18% | 61.78% | 64.54% | 61.53% | 61.29% | 65.68% |
| Gross Profit | 1.47B | 1.48B | 1.56B | 1.43B | 1.24B | 1.52B | 1.54B | 1.41B | 1.24B | 1.46B | 1.48B | 1.32B | 1.12B | 1.4B | 1.28B | 1.06B | 895M | 1.07B | 1B | 785M |
| Gross Margin % | 36.86% | 35.24% | 36.79% | 36.14% | 33.4% | 37.19% | 38.55% | 37.34% | 35.64% | 39.16% | 39.26% | 37.17% | 34.19% | 42.54% | 41.82% | 38.22% | 35.46% | 38.47% | 38.71% | 34.32% |
| Gross Profit Growth % | 18.28% | -2.63% | 1.1% | 1.14% | 0% | 4.32% | 4.13% | 6.66% | 10.6% | 4.14% | 15.83% | 24.74% | 25.47% | 31.27% | 26.97% | 34.9% | 43.66% | 37.98% | 25.78% | 29.54% |
| Operating Expenses | 600M | 431M | 442M | 422M | 437M | 436M | 416M | 404M | 389M | 393M | 374M | 378M | 382M | 378M | 356M | 343M | 323M | 322M | 326M | 301M |
| OpEx % of Revenue | 15.06% | 10.24% | 10.45% | 10.7% | 11.75% | 10.65% | 10.42% | 10.71% | 11.16% | 10.54% | 9.93% | 10.64% | 11.63% | 11.47% | 11.67% | 12.38% | 12.8% | 11.6% | 12.56% | 13.16% |
| Selling, General & Admin | 600M | 431M | 442M | 422M | 437M | 436M | 416M | 404M | 389M | 393M | 374M | 378M | 382M | 378M | 356M | 343M | 323M | 322M | 326M | 301M |
| SG&A % of Revenue | 15.06% | 10.24% | 10.45% | 10.7% | 11.75% | 10.65% | 10.42% | 10.71% | 11.16% | 10.54% | 9.93% | 10.64% | 11.63% | 11.47% | 11.67% | 12.38% | 12.8% | 11.6% | 12.56% | 13.16% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 869M | 1.05B | 1.11B | 1B | 805M | 1.09B | 1.12B | 1B | 853M | 1.07B | 1.1B | 943M | 741M | 1.02B | 920M | 716M | 572M | 746M | 679M | 484M |
| Operating Margin % | 21.81% | 25% | 26.34% | 25.44% | 21.65% | 26.54% | 28.13% | 26.64% | 24.48% | 28.62% | 29.32% | 26.53% | 22.56% | 31.07% | 30.15% | 25.84% | 22.66% | 26.87% | 26.16% | 21.16% |
| Operating Income Growth % | 7.95% | -3.22% | -0.8% | -0.2% | -5.63% | 1.87% | 1.72% | 6.57% | 15.11% | 4.2% | 20% | 31.7% | 29.55% | 37.27% | 35.49% | 47.93% | 53.35% | 44.57% | 19.75% | 26.04% |
| EBITDA | 1.66B | 1.86B | 1.22B | 1.76B | 1.56B | 1.85B | 1.86B | 1.72B | 1.54B | 1.76B | 1.8B | 1.64B | 1.43B | 1.6B | 1.48B | 1.26B | 1.1B | 1.28B | 1.19B | 959M |
| EBITDA Margin % | 41.76% | 44.13% | 28.92% | 44.69% | 41.84% | 45.15% | 46.62% | 45.64% | 44.16% | 47.32% | 47.78% | 46.12% | 43.65% | 48.57% | 48.51% | 45.62% | 43.74% | 46.04% | 45.8% | 41.93% |
| EBITDA Growth % | 6.94% | 0.43% | -34.28% | 2.32% | 1.1% | 4.82% | 3.45% | 5.06% | 7.32% | 10.18% | 21.55% | 29.67% | 29.89% | 25.27% | 24.47% | 31.8% | 31.59% | 28.31% | 13.35% | 9.73% |
| D&A (Non-Cash Add-back) | 795M | 805M | 109M | 759M | 751M | 762M | 738M | 717M | 686M | 697M | 695M | 696M | 693M | 577M | 560M | 548M | 532M | 532M | 510M | 475M |
| EBIT | 869M | 1.06B | 1.11B | 1.01B | 872M | 1.09B | 1.13B | 1.01B | 855M | 1.06B | 1.11B | 933M | 744M | 1.03B | 922M | 721M | 577M | 737M | 682M | 477M |
| Net Interest Income | -176M | -183M | -178M | -171M | -184M | -180M | -178M | -173M | -160M | -161M | -163M | -161M | -150M | -132M | -106M | -113M | -94M | -93M | -132M | -100M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 176M | 183M | 178M | 171M | 184M | 180M | 178M | 173M | 160M | 161M | 163M | 161M | 150M | 132M | 106M | 113M | 94M | 93M | 132M | 100M |
| Other Income/Expense | -168M | -178M | -177M | -164M | -117M | -178M | -174M | -170M | -158M | -165M | -161M | -171M | -147M | -129M | -104M | -108M | -89M | -102M | -129M | -107M |
| Pretax Income | 701M | 874M | 937M | 839M | 688M | 909M | 949M | 835M | 695M | 902M | 943M | 772M | 594M | 895M | 816M | 608M | 483M | 644M | 550M | 377M |
| Pretax Margin % | 17.59% | 20.77% | 22.16% | 21.28% | 18.5% | 22.2% | 23.77% | 22.13% | 19.94% | 24.2% | 25.05% | 21.72% | 18.08% | 27.15% | 26.75% | 21.94% | 19.14% | 23.2% | 21.19% | 16.48% |
| Income Tax | 170M | 221M | 236M | 217M | 170M | 220M | 241M | 199M | 153M | 223M | 240M | 181M | 143M | 256M | 210M | 115M | 116M | 163M | 141M | 84M |
| Effective Tax Rate % | 24.25% | 25.29% | 25.19% | 25.86% | 24.71% | 24.2% | 25.4% | 23.83% | 22.01% | 24.72% | 25.45% | 23.45% | 24.07% | 28.6% | 25.74% | 18.91% | 24.02% | 25.31% | 25.64% | 22.28% |
| Net Income | 531M | 653M | 701M | 622M | 518M | 689M | 708M | 636M | 542M | 679M | 703M | 591M | 451M | 639M | 606M | 493M | 367M | 481M | 409M | 293M |
| Net Margin % | 13.33% | 15.52% | 16.58% | 15.77% | 13.93% | 16.83% | 17.74% | 16.86% | 15.55% | 18.21% | 18.67% | 16.63% | 13.73% | 19.39% | 19.86% | 17.79% | 14.54% | 17.33% | 15.75% | 12.81% |
| Net Income Growth % | 2.51% | -5.22% | -0.99% | -2.2% | -4.43% | 1.47% | 0.71% | 7.61% | 20.18% | 6.26% | 16.01% | 19.88% | 22.89% | 32.85% | 48.17% | 68.26% | 80.79% | 61.95% | 96.63% | 38.21% |
| Net Income (Continuing) | 531M | 653M | 701M | 622M | 518M | 689M | 708M | 636M | 542M | 679M | 703M | 591M | 451M | 639M | 606M | 493M | 367M | 481M | 409M | 293M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 8.35 | 10.20 | 10.91 | 9.59 | 7.91 | 10.48 | 10.70 | 9.53 | 8.04 | 10.01 | 10.30 | 8.59 | 6.47 | 9.15 | 8.65 | 6.91 | 5.05 | 6.60 | 5.63 | 4.02 |
| EPS Growth % | 5.56% | -2.67% | 1.96% | 0.63% | -1.62% | 4.7% | 3.88% | 10.94% | 24.27% | 9.4% | 19.08% | 24.31% | 28.12% | 38.64% | 53.64% | 71.89% | 80.36% | 61.37% | 96.17% | 37.2% |
| EPS (Basic) | 8.38 | 10.27 | 10.93 | 9.59 | 7.92 | 10.50 | 10.72 | 9.55 | 8.06 | 10.04 | 10.32 | 8.60 | 6.50 | 9.21 | 8.68 | 6.92 | 5.07 | 6.63 | 5.65 | 4.03 |
| Diluted Shares Outstanding | 63.6M | 63.6M | 64.28M | 64.95M | 65.44M | 66.19M | 66.19M | 66.71M | 67.42M | 67.8M | 68.26M | 68.84M | 69.75M | 69.8M | 70.05M | 71.35M | 72.68M | 72.9M | 72.71M | 72.72M |
| Basic Shares Outstanding | 63.4M | 63.4M | 64.16M | 64.89M | 65.33M | 66.02M | 66.02M | 66.56M | 67.21M | 67.6M | 68.15M | 68.72M | 69.41M | 69.4M | 69.85M | 71.22M | 72.37M | 72.5M | 72.46M | 72.45M |
| Dividend Payout Ratio | 23.54% | 17.46% | 16.41% | 18.81% | 22.78% | 15.67% | 15.11% | 17.14% | 20.3% | 14.87% | 14.22% | 17.26% | 22.84% | - | - | - | - | - | - | - |