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United Rentals URI Net debt / EBITDA

Net debt / EBITDA at other companies

Caterpillar logo
CaterpillarCAT
+0.3×
Parker-Hannifin logo
Parker-HannifinPH
1.9×+0.3×
Ferguson Enterprises logo
Ferguson EnterprisesFERG
1.7×-0.1×
Cintas logo
CintasCTAS
-0.2×
W.W. Grainger logo
W.W. GraingerGWW
0.7×0.0×
Union Pacific logo
Union PacificUNP
-2.7×

Other financials

Income statement

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Revenue$4.0B+7.1%
Gross profit$1.5B+8.3%
Operating income$869.0M+8.1%
Net income$531.0M+2.5%
EPS (diluted)$8.43+6.6%

Balance sheet

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Cash & equivalents$156.0M-71.2%
Total debt$17.0B+8.2%
Total equity$9.0B+2.0%
Total assets$29.9B+6.6%

Cash flow

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Operating cash flow$1.5B+6.3%

Valuation

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Market cap$65.71B+11.9%
Enterprise value$82.55B+11.7%
P/E26.2×+3.2×
P/S+0.2×

Profitability

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Gross margin38.2%-1.3pp
Operating margin24.7%-1.1pp
Net margin15.3%-1.1pp

Returns & leverage

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Return on equity28.2%-1.9pp
Debt / equity1.9×+0.1×
Current ratio0.8×-0.1×

Where this comes from

Calculated from United Rentals’s reported figures.

Based on the most recent quarter.

The official record: United Rentals’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is United Rentals's net debt / EBITDA?
United Rentals (URI) reported net debt / EBITDA of 3.8× in Q1 2026.
How has United Rentals's net debt / EBITDA changed year-over-year?
United Rentals's net debt / EBITDA increased by 10.7% year-over-year, from 3.4× to 3.8×.
What is the long-term trend for United Rentals's net debt / EBITDA?
Over 4 years (2021 to 2025), United Rentals's net debt / EBITDA has grown at a -5.2% compound annual growth rate (CAGR), from 17.9× to 14.5×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.