Discontinued — last reported Q3 '24
Business Segments · CapEx
General rentals — CapEx
United Rentals General rentals — CapEx decreased by 6.3% to $1.08B in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 20.4%, from $897.00M to $1.08B.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2014
Last reportedQ3 2024Oct 23, 2024
Rolls up toPayments to Acquire Other Productive Assets
How to read this metric
Higher spending indicates growth investment or fleet renewal, while lower spending may indicate a focus on cash preservation or a mature, stable fleet size.
Detailed definition
This metric measures the cash outflows used by the General Rentals segment to acquire, upgrade, or replace rental equipm...
Peer comparison
Standard across capital-intensive industries; comparable to 'Net Fleet Capital Expenditures' at peer equipment rental companies.
Metric ID:
uri_segment_general_rentals_capital_expendituresHistorical Data
11 periods
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $832.00M | $1.00B | $394.00M | $700.00M | $901.00M | $683.00M | $1.08B | $897.00M | $506.00M | $1.15B | $1.08B |
| QoQ Change | — | +20.2% | -60.6% | +77.7% | +28.7% | -24.2% | +58.6% | -17.2% | -43.6% | +127.7% | -6.3% |
| YoY Change | — | — | — | -15.9% | -9.9% | +73.4% | +54.7% | -0.4% | -25.9% | +6.4% | +20.4% |
Range$394.00M – $1.15B
CAGR+11.0%
Avg YoY Growth+12.8%
Median YoY Growth+3.0%
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Frequently Asked Questions
- What is United Rentals's general rentals — capex?
- United Rentals (URI) reported general rentals — capex of $1.08B in Q3 2024.
- How has United Rentals's general rentals — capex changed year-over-year?
- United Rentals's general rentals — capex increased by 20.4% year-over-year, from $897.00M to $1.08B.
- What does general rentals — capex mean?
- The amount of money invested by the General Rentals segment to purchase or upgrade its rental equipment fleet.