Skip to content
AnalystLens

UNITED RENTALS, INC.URI

Sector
Other
Industry
Services-Equipment Rental & Leasing, NEC
Exchange
NYSE

Stock Price $URI

Latest filings

You are here#34 of 57 in Industrials by market cap

Filing record · 2016–202610-K1110-Q328-K170

URI filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 170 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Oct ’17Oct ’17
  2. Leadership change8-K · May ’19May ’19
  3. Material agreement8-K · Aug ’21Aug ’21
  4. Material agreement8-K · Aug ’25Aug ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  17. $16.10B
YoY changeLargest recent move+23.1%in FY23Latest +4.9%

1 older move runs past ±25% (largest +57.7%); point at, tap or drag across the bars to read one.

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All URI Financial Metrics57 metrics

Income Statement12

Balance Sheet25

Cash Flow15

Per Share5

02—Overview

UNITED RENTALS, INC. Financial Overview 2021–2025

Updated Jul 10, 2026

United Rentals repurchased $1.90 billiona in stock during FY2025 and immediately reloaded with a $5.0 billion buyback authorization in early 2026. This aggressive capital return underscores the company's sheer cash-generating power. The data points to a clear investment thesis: United Rentals leverages strategic acquisitions and strict fleet utilization to compound top-line growth and heavily reward shareholders, easily navigating cyclical industrial headwinds.

The company scaled dramatically over the last five years, as total revenues grew from $9.7 billion in FY2021 to $16.1 billionb in FY2025. This expansion was fueled by steady operational improvements and specialty buyouts, notably the $1.165 billion acquisition of Yak Access. By the end of FY2025, core equipment rentals grew by 6.0%, supported by a 2.2% increase in fleet productivity. The company maintained a 15% market share in North America while holding $3.322 billion in available liquidity to fund ongoing operations.

At the close of FY2025, the market valued the company at a $51.1 billionc market cap. The stock ended the year at $809.32, trading at 21.0x earnings based on an EPS of $38.61. Between successfully passing inflationary delivery costs to customers, extracting a $64 million break-up fee from a terminated merger, and paying out $464 million in annual dividends, United Rentals consistently translates its massive industrial footprint into concrete equity value.

Recent Developments (Q4 2025 and Q1 2026)

United Rentals sustained strong top-line momentum in Q1 2026, generating $3.985 billiond in total revenue for a 7.2% year-over-year increase. This growth was driven by an 8.7% rise in core equipment rentals and a 5.7% boost in average original equipment cost. Adjusted EBITDA grew 5.3% to $1.759 billion, while net income expanded to $531 million. The company incurred $45 million in restructuring charges tied to a Q4 2025 cost-saving initiative. Corporate governance expanded with the addition of an 11th independent director in February 2026, and debt maturities were optimized by extending a key receivables facility to June 2027.

Bulls will highlight the resilient rental demand supporting continuous EBITDA expansion. Bears might warn of slight margin compression, as net income growth lagged revenue gains amid the recent restructuring costs. At $802.79e per share, the stock traded at a reasonable 20.8x earnings as of April 22, 2026.

What to watch: efficiency gains from the recent cost-saving initiative; utilization of the extended receivables facility.

03—Filings

Recent SEC Filings

  1. 8-KUNITED RENTALS, INC. 8-K Report, Regulation FD Disclosure (Sep 8, 2026)United Rentals, Inc. (URI) announced that its executive management team, including CEO Matt Flannery and CFO Ted Grace, will participate in the Morgan Stanley 14th Annual Laguna Conference on September 15, 2026. The presentation, scheduled for 2:35 p.m. PDT, is expected to cover the Company's business and provide forward-looking information. This event offers investors an opportunity to gain insights into URI's current strategy and future outlook directly from its leadership. While this filing primarily serves as a notification of management's participation in the conference and includes the press release detailing the event, it does not contain any new financial disclosures or material updates beyond the announcement itself. Investors should tune into the conference presentation for potential insights, as any forward-looking statements made therein will be subject to standard disclaimers and may be incorporated by reference into future SEC filings if explicitly stated.
  2. 8-KUNITED RENTALS, INC. 8-K Report, Financial Results (Jul 22, 2026)United Rentals, Inc. (URI) has filed an 8-K report on July 22, 2026, primarily to furnish a press release detailing its financial results for the second quarter ended June 30, 2026. The report also disclosed that additional business and financial information, including the company's 2026 outlook, will be available on their website for investor meetings. This includes non-GAAP financial measures such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS, which the company uses to provide a more comprehensive view of its operating performance and profitability. Investors should note that while the press release contains key financial figures, the detailed breakdowns and reconciliations of the non-GAAP measures are available in the supplementary materials furnished with this 8-K and on the company's investor relations website. The company asserts these non-GAAP measures offer valuable insights into operational performance, growth trends, and cash earnings available for investment and debt service, though they should not be considered replacements for standard GAAP metrics.
  3. 8-KUNITED RENTALS, INC. 8-K Report, Material Agreement (Jun 18, 2026)United Rentals, Inc. (URI) has filed an 8-K report detailing an amendment to its Third Amended and Restated Receivables Purchase Agreement, specifically Amendment No. 18. This amendment extends the expiration date of the Amended A/R Facility to June 18, 2027, with the potential for further 364-day extensions. This facility is crucial for the company's liquidity management, allowing it to draw funds against its accounts receivable. The extension provides continued access to this financing mechanism, ensuring ongoing operational flexibility and financial stability. Investors should note that advances under this facility are treated as debt on the company's balance sheet. The agreement's terms remain largely consistent, requiring eligible receivables to exceed outstanding loans by a specified amount and ensuring that receivables serve as the sole source of repayment for lenders. Standard termination events, including change of control and covenant breaches, continue to apply, which are typical for such financing arrangements.
  4. 8-KUNITED RENTALS, INC. 8-K Report, Shareholder Vote Results (May 8, 2026)United Rentals, Inc. (URI) filed a Current Report on Form 8-K on May 8, 2026, detailing the results of its Annual Meeting of Stockholders held on the same date. The meeting covered several key items, including the election of directors, ratification of its independent auditor, and advisory approval of executive compensation. Notably, all eleven director nominees were elected, and the appointment of Ernst & Young LLP as the Company’s public accounting firm for the fiscal year ending December 31, 2026, was ratified. Additionally, a non-binding vote to approve the compensation of the Company's named executive officers received majority support. An important outcome from the meeting was the rejection of a stockholder proposal concerning directors who fail to obtain a majority vote. This indicates shareholder confidence in the current board's performance and the company's governance practices. The strong voting results across these proposals suggest broad shareholder alignment with the company's strategic direction and management.
  5. 8-KUNITED RENTALS, INC. 8-K Report, Financial Results (Apr 22, 2026)United Rentals, Inc. (URI) has filed an 8-K report on April 22, 2026, to disclose its financial results for the quarter ended March 31, 2026. The accompanying press release, furnished as an exhibit, provides details on the company's performance during the period. Additionally, the company is making available investor presentation materials on its website that include financial outlook and business insights. These materials will be updated as needed and are intended for use in investor meetings. Investors should note that the company's disclosures include non-GAAP financial measures such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS. While URI believes these measures offer valuable insights into operational performance and cash generation, they should be considered alongside, and not as a substitute for, GAAP-reported figures like net income and EPS. Reconciliations to GAAP measures are provided in the presentation, allowing investors to make informed comparisons and assessments of the company's financial health and strategic direction.
View all 8-K filings →
View all filings (10-K, 10-Q, 8-K, proxy & more) →

04—See also

Related Companies

Annual revenue over each company’s last eight fiscal years, each strip on its own scale from zero.