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Discontinued — last reported Q2 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

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+24.3%
Enterprise value$84.35B+21.4%
P/E25.5×+4.2×
P/S+0.6×

Profitability

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Gross margin38.4%-0.9pp
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.

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 net debt?
United Rentals (URI) reported net debt of $17.17B in Q2 2026.
How has United Rentals's net debt changed year-over-year?
United Rentals's net debt increased by 10.8% year-over-year, from $15.5B to $17.17B.
What is the long-term trend for United Rentals's net debt?
Over 5 years (2020 to 2025), United Rentals's net debt has grown at a 9.2% compound annual growth rate (CAGR), from $11.05B to $17.12B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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