What is United Rentals's equipment rentals gross profit — depreciation?

United Rentals (URI) reported equipment rentals gross profit — depreciation of $684.00M in Q3 2025.

What does equipment rentals gross profit — depreciation mean?

The non-cash expense accounting for the wear and loss of value of the rental equipment fleet over time.

Equipment rentals gross profit — Depreciation

United Rentals Equipment rentals gross profit — Depreciation increased by 8.7% to $684.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.7%, from $629.00M to $684.00M. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityStable

First reportedQ1 2023

Last reportedQ3 2025

How to read this metric

An increase typically reflects a larger or more expensive fleet, while a decrease relative to revenue may suggest aging assets or changes in depreciation policy.

Detailed definition

This metric represents the systematic allocation of the cost of the rental fleet over its estimated useful life. It is a...

Peer comparison

Comparable to depreciation and amortization charges in other capital-intensive industries, specifically those with large tangible asset bases.

Metric ID: uri_segment_equipment_rentals_depreciation

Historical Data

6 periods

	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q3 '24	Q3 '25
Value	$587.50M	$587.50M	$587.50M	$587.50M	$629.00M	$684.00M
QoQ Change	—	+0.0%	+0.0%	+0.0%	+7.1%	+8.7%
YoY Change	—	—	—	—	+7.1%	+8.7%

Range$587.50M – $684.00M

CAGR+12.9%

Avg YoY Growth+7.9%

Median YoY Growth+7.9%

Current Streak5+ quarters growth

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Frequently Asked Questions

What is United Rentals's equipment rentals gross profit — depreciation?: United Rentals (URI) reported equipment rentals gross profit — depreciation of $684.00M in Q3 2025.
How has United Rentals's equipment rentals gross profit — depreciation changed year-over-year?: United Rentals's equipment rentals gross profit — depreciation increased by 8.7% year-over-year, from $629.00M to $684.00M.
What does equipment rentals gross profit — depreciation mean?: The non-cash expense accounting for the wear and loss of value of the rental equipment fleet over time.