United Rentals, Inc.

URI

$1,001.07

+0.72%

2026-09-04 09:42:49 EDT+$7.20

Industrials

Rental & Leasing Services

NYSE

Active Trading

United Rentals, Inc., founded in 1997 and headquartered in Stamford, Connecticut, functions as a prominent equipment rental firm through its various subsidiaries. ...

Price Action of URI

$1,001.07

+0.72%+$7.20

High—

Low—

52W High-15.0%

Rel. vol—

Interval

Range12m

Volume—SMA5SMA10

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United Rentals, Inc. (NYSE: URI) is the largest equipment rental company globally, headquartered in Stamford, Connecticut. Founded in 1997 by Bradley Jacobs, the company has grown through strategic acquisitions to dominate the market with approximately 16% share in North America. As of the latest data, the company operates over 1,360 ...United Rentals, Inc. (NYSE: URI) is the largest equipment rental company globally, headquartered in Stamford, Connecticut. Founded in 1997 by Bradley Jacobs, the company has grown through strategic acquisitions to dominate the market with approximately 16% share in North America. As of the latest data, the company operates over 1,360 rental facilities across the United States, Canada, Europe, Australia, and New Zealand, and employs about 26,650 people. The company's business is organized into two main segments: General Rentals and Specialty. The General Rentals segment offers a broad range of equipment including heavy machinery like backhoes, skid-steer loaders, earthmoving equipment, and forklifts, as well as aerial work platforms and general tools. The Specialty segment provides specialized equipment for construction and industrial applications, such as trench safety gear, power generation and climate control systems, fluid handling solutions, and mobile storage units. Beyond rentals, United Rentals sells new and used equipment, parts, and safety supplies, and offers repair, maintenance, and fleet management services. The company's financial performance reflects its market leadership: with a market capitalization of approximately $72.8 billion, it generates strong revenue and profitability. In the trailing twelve months, United Rentals reported a gross profit margin of 37.1%, operating margin of 24.8%, and net profit margin of 15.7%. The company maintains a solid return on equity of 29.2% and a return on invested capital of 11.1%, indicating efficient capital deployment. Despite a high debt-to-equity ratio of 1.67, typical for the capital-intensive rental industry, its EBITDA margin of 40.2% and interest coverage ratio of 5.84 demonstrate robust operational cash flow. United Rentals has a disciplined capital allocation strategy, investing heavily in fleet expansion (capex to revenue of 30.4%) while also returning capital to shareholders through dividends and buybacks. The company's dividend yield is modest at 0.6%, but it has a low payout ratio of 18.1%, providing room for growth. Under the leadership of CEO Matthew Flannery since 2019, the company has focused on digital transformation, customer loyalty, and safety, positioning itself for continued growth in the construction and industrial sectors. With its extensive network, comprehensive product offerings, and strong financial health, United Rentals remains the go-to partner for equipment rental solutions, committed to supporting customers' projects with reliability and efficiency.ExpandCollapse

Founded

1997

Employees

28500

CEO

Matthew J. Flannery

Full Name

United Rentals, Inc.

Sector

Industrials

Industry

Rental & Leasing Services

ROE

29.18%

Market Cap

$62.31B

Current Ratio

0.76

WACC

11.05%

ROIC

11.96%

Contact Information

https://www.unitedrentals.com

203 622 3131

100 First Stamford Place, Stamford, CT 06902

Key Metrics of URI

Snapshot

Latest / TTM · 6 periods

Market Cap

$62.31B

ROCE

15.7%

EV / EBITDA

11.46x

+0.4% YoY

FCF Yield

1.0%

-0.3% YoY

Cash Conversion Cycle

15.3d

Current Ratio

0.76

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of URI

Profitability trend

Latest / TTM · 6 periods

Gross Margin

37.1%

Net Margin

15.7%

P/E Ratio

24.12x

n/a

Debt / Equity

1.67

n/a

Current Ratio

0.76

Dividend Yield

0.8%

Understanding

TTM —

Current ratio below 1.0

Calendar of URI

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $13.93 · Revenue $4.70B · 12 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $13.10 · Revenue $4.64B · 12 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $49.43 · Revenue $17.73B · 15 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $11.17 · Revenue $4.37B · 5 analysts

Recent history

Aug 26, 2026
Dividend payment
$7.52 per share
Aug 12, 2026
Ex-dividend date
$7.52 per share
Jul 22, 2026
Q2 FY2026 · Results reported
EPS $11.84 · Revenue $4.41B
View filing
Apr 22, 2026
Q1 FY2026 · Results reported
EPS $8.35 · Revenue $3.98B
View filing
Jan 28, 2026
FY2025 · Annual results
EPS $38.61 · Revenue $16.10B
View filing
Oct 22, 2025
Q3 FY2025 · Results reported
EPS $10.91 · Revenue $4.23B
View filing

Financial Statements of URI

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$16.1B	+4.9%	+10.7%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$2.5B	-3.1%	+41.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+35.4%	-4.8%	+6.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+24.7%	-6.9%	+18.3%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+15.5%	-7.7%	+28.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$662.0M	+58.0%	-138.3%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+4.1%	+50.6%	-134.6%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	183.7%	+7.1%	-0.4%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.94x	-3.4%	-4.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$29.9B	+6.0%	+4.8%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	38.61 vs 42.67	-9.5%	11.84 vs 13.93	-15.0%
Revenue Surprise	$16.1B vs $16.1B	-0.2%	$4.4B vs $4.7B	-6.2%

Insider Transactions of URI

Acquisitions (A)

Since May 8, 2026

Disposals (D)

Since May 8, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Jul 24, 2026	Grace William E.	officer: EVP, CFO	Common Stock	D	1,500	$1133.15
Jun 30, 2026	Bruno Marc A	director	Common Stock	A	34	$1132.89
May 8, 2026	Taussig Alexander R.	director	Common Stock	A	203	$937.00
May 8, 2026	Singh Shiv	director	Common Stock	A	203	$937.00
May 8, 2026	MARTORE GRACIA C	director	Common Stock	A	203	$937.00

Earnings Call Transcript of URI

1 transcript segments

Q2 2026

Unknown Speaker

Operator : Good morning, everyone, and welcome to the United Rentals Investor Conference Call. Please be advised that this call is being recorded. Before we begin, please note that the company's press release, comments made on today's call and responses to your questions contain forward-looking statements. The company's business and operations are subject to a variety of risks and uncertainties, many of which are beyond its control. And consequently, actual results may differ materially from those projected. A summary of these uncertainties is included in the safe harbor statement contained in the company's press release. For a more complete description of these and other possible risks, please refer to the company's annual report on Form 10-K for the year ended December 31, 2025, as well as the subsequent filings with the SEC. You can access these filings on the company's website at www.unitedrentals.com. Please note that United Rentals has no obligation and makes no commitment to update or publicly release any revisions to forward-looking statements in order to reflect new information or subsequent events, circumstances or changes in expectations. You should also note that the company's press release and today's call include references to non-GAAP terms such as free cash flow, adjusted EPS, EBITDA and adjusted EBITDA. Please refer to the back of the company's recent investor presentation to see the reconciliation from each non-GAAP financial measure to the most comparable GAAP financial measure. Speaking today for United Rentals is Matt Flannery, President and Chief Executive Officer; and Ted Grace, Chief Financial Officer. I will now turn the call over to Mr. Flannery. Please go ahead, sir. Matthew Flannery : Thank you, operator, and good morning, everyone. Thanks for joining our call. As evidenced in our second quarter results, 2026 is on track to be a great year for Team United as we continue to execute our strategy and prove ourselves as a partner of choice for our customers. Our growth accelerated in the quarter. Customers remain optimistic, particularly around large projects, and we continue to exhibit strong cost discipline. Our one-stop shop value proposition, coupled with our technology, service levels and an unwavering focus on safety and customer productivity continue to differentiate us in the industry. Coming into the year, we set the bar high for the team, and our results are a testament to both their collective efforts and the strategy we've been laser-focused on for the better part of 20 years. As we enter the second half of the year, I'm pleased to raise guidance as we provide our customers a best-in-class partnership while generating strong shareholder returns. So let's get into the details of our second quarter results and our updated full year guidance, and then Ted will get into more details around the numbers before we open up the call to Q&A. Starting with the quarter's results. Total revenue grew by 12% …

Leadership Team of URI

10 executives

Name	Title	Compensation	Gender	Year Born	Status
Matthew J. Flannery	President, Chief Executive Officer & Director	USD 2,977,097	Male	1965	Active
Craig Adam Pintoff	Executive Vice President & Chief Administrative Officer	USD 1,389,826	Male	1970	Active
William Grace	Executive Vice President & Chief Financial Officer	USD 1,320,470	Male	1972	Active
Michael D. Durand	Executive Vice President & Chief Operating Officer	USD 1,258,556	Male	1974	Active
Joli L. Gross	Senior Vice President, Corporate Secretary and Chief Legal & Sustainability Officer	USD 1,141,054	Female	1971	Active
Andrew Limoges	Vice President, Controller & Principal Accounting Officer	USD 729,806	Male	1982	Active
Chris A. Burlog	Senior Vice President of Operations Central Division	—	Male	—	Active
Anthony S. Leopold	Senior Vice President and Chief Technology & Strategy Officer	—	Male	1977	Active
Robert N. Halsey	Vice President of Marketing	—	Male	—	Active
Elizabeth Carolyn Grenfell	Vice President of Investor Relations	—	Female	—	Active

Recent News of URI

Zacks Investment Research8/21/2026Neutral

Why Is United Rentals (URI) Down 3.9% Since Last Earnings Report?

United Rentals (URI) reported earnings 30 days ago. What's next for the stock?

Defense World8/21/2026Neutral

Advisors Capital Management LLC Takes Position in United Rentals, Inc. $URI

Advisors Capital Management LLC purchased a new position in United Rentals, Inc. (NYSE: URI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 32,182 shares of the construction company's stock, valued at approximately $36,459,000. Advisors Capital Management LLC owned approximately 0.05% of United Rentals

Defense World8/20/2026Neutral

August Group Capital Ltd Invests $977,000 in United Rentals, Inc. $URI

August Group Capital Ltd acquired a new stake in shares of United Rentals, Inc. (NYSE: URI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 863 shares of the construction company's stock, valued at approximately $977,000. United Rentals makes up about 1.1% of

Zacks Investment Research8/18/2026Neutral

Here's Why United Rentals (URI) is a Strong Growth Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Zacks Investment Research8/17/2026Neutral

URI Drives 90%+ of Growth Organically: Is M&A Still a Key Catalyst?

United Rentals gets 90%+ of current growth organically, while a robust M&A pipeline could expand specialty offerings and its product portfolio.

Historical Employee Count of URI

Current

8,200

Change

+2.50%

Minimum

6,200

Maximum

8,200

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	8,200	10-K	Jan 28, 2026	View
Dec 31, 2024	8,000	10-K	Jan 29, 2025	View
Dec 31, 2023	7,400	10-K	Jan 24, 2024	View
Dec 31, 2022	7,100	10-K	Jan 25, 2023	View
Dec 31, 2021	6,200	10-K	Jan 26, 2022	View

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United Rentals, Inc.