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United Rentals URI Total equipment rentals — Equipment rental revenue (as a percent)

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Other financials

Income statement

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Revenue$4.0B+7.2%
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+6.2%
CapEx$1.4B+22.7%
Free cash flow-$168.0M-200%

Valuation

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Market cap$67.89B+48.1%
Enterprise value$84.72B+38.9%
P/E27.1×+9.1×
P/S4.2×+1.2×

Profitability

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Gross margin38.2%-1.3pp
Operating margin24.7%-1.1pp
Net margin15.3%-1.1pp
FCF margin33.9%

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

Reported directly by United Rentals in its filing.

Tagged under the XBRL concept us-gaap:ConcentrationRiskPercentage1.

The official record: United Rentals’s 10-K, filed January 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is United Rentals's total equipment rentals — equipment rental revenue (as a percent)?
United Rentals (URI) reported total equipment rentals — equipment rental revenue (as a percent) of 19.3% in Q4 2025.
How has United Rentals's total equipment rentals — equipment rental revenue (as a percent) changed year-over-year?
United Rentals's total equipment rentals — equipment rental revenue (as a percent) decreased by 0.0% year-over-year, from 19.3% to 19.3%.
What is the long-term trend for United Rentals's total equipment rentals — equipment rental revenue (as a percent)?
Over 4 years (2021 to 2025), United Rentals's total equipment rentals — equipment rental revenue (as a percent) has grown at a 0.0% compound annual growth rate (CAGR), from 77% to 77%.
What does total equipment rentals — equipment rental revenue (as a percent) mean?
This metric measures the proportion of total segment revenue that is derived specifically from equipment rentals rather than secondary sources like equipment sales or service fees. It highlights the business model's reliance on core rental operations versus peripheral activities. A higher percentage indicates a more focused and pure-play rental business model.