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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$72.33B+30.5%
Enterprise value$89.5B+26.2%
P/E27.4×+5.6×
P/S4.3×+0.8×

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

Reported directly by United Rentals in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

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

Filed
Jul 22, 2026, 4:21 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001067701-26-000026
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Cost of service and other revenues5656111112
Total cost of revenues2,6782,4105,1944,773
Gross profit1,7321,5333,2012,889
Selling, general and administrative expenses472422913859
Restructuring charge6511
Non-rental depreciation and amortization116108230222
Operating income1,1381,0032,0071,807
Interest expense, net178171354355

Item 1.Financial Statements

FAQ

What is United Rentals's SG&A?
United Rentals (URI) reported SG&A of $472M in Q2 2026.
How has United Rentals's SG&A changed year-over-year?
United Rentals's SG&A increased by 11.8% year-over-year, from $422M to $472M.
What is the long-term trend for United Rentals's SG&A?
Over 4 years (2021 to 2025), United Rentals's SG&A has grown at a 9.6% compound annual growth rate (CAGR), from $1.2B to $1.73B.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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