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United Rentals URI Gross margin

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21.7%+0.4pp

Other financials

Income statement

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Revenue$4.4B+11.8%
Gross profit$1.7B+13.0%
Operating income$1.1B+13.5%
Net income$753.0M+21.1%
EPS (diluted)$12.03+25.4%

Balance sheet

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Cash & equivalents$112.0M-79.6%
Total debt$17.3B+7.7%
Total equity$9.2B+2.1%
Total assets$31.3B+7.2%

Cash flow

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Operating cash flow$1.8B+34.9%
CapEx$1.4B+22.7%
Free cash flow-$168.0M-200%

Valuation

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Market cap$67.18B+20.2%
Enterprise value$84.35B+18.2%
P/E25.5×+3.4×
P/S+0.4×

Profitability

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Operating margin24.8%-0.7pp
Net margin15.7%-0.4pp
FCF margin33.9%

Returns & leverage

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Return on equity28.9%-0.4pp
Debt / equity1.9×+0.1×
Current ratio0.8×-0.1×

Where this comes from

Calculated from United Rentals’s reported figures.

Based on trailing twelve months.

The source filing: United Rentals’s 10-Q, filed July 22, 2026. Open the filing →

Filed
Jul 22, 2026, 4:21 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001067701-26-000026

FAQ

What is United Rentals's gross margin?
United Rentals (URI) reported gross margin of 38.4% in Q2 2026.
How has United Rentals's gross margin changed year-over-year?
United Rentals's gross margin decreased by 2.2% year-over-year, from 39.2% to 38.4%.
What is the long-term trend for United Rentals's gross margin?
Over 5 years (2020 to 2025), United Rentals's gross margin has grown at a 0.5% compound annual growth rate (CAGR), from 37.3% to 38.2%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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