United Rentals Inc
NYSE: URI · INDUSTRIALS · RENTAL & LEASING SERVICES
Updated 2026-06-05
United Rentals Inc (URI) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $3.64B | $224.00M | 34.04% | 17.20% | 6.15% |
| 2007 | $3.73B | $362.00M | 33.61% | 17.66% | 9.70% |
| 2008 | $3.27B | $-704.00M | 31.99% | 16.16% | -21.55% |
| 2009 | $2.36B | $-62.00M | 23.45% | 6.15% | -2.63% |
| 2010 | $2.24B | $-26.00M | 27.13% | 10.73% | -1.16% |
| 2011 | $2.61B | $101.00M | 33.24% | 17.66% | 3.87% |
| 2012 | $4.12B | $75.00M | 34.71% | 20.43% | 1.82% |
| 2013 | $4.96B | $387.00M | 35.98% | 23.03% | 7.81% |
| 2014 | $5.68B | $540.00M | 38.70% | 25.36% | 9.50% |
| 2015 | $5.82B | $585.00M | 38.65% | 26.37% | 10.06% |
| 2016 | $5.76B | $566.00M | 37.78% | 25.30% | 9.82% |
| 2017 | $6.64B | $1.35B | 38.07% | 24.47% | 20.27% |
| 2018 | $8.05B | $1.10B | 37.98% | 25.08% | 13.62% |
| 2019 | $9.35B | $1.17B | 34.89% | 23.22% | 12.55% |
| 2020 | $8.53B | $890.00M | 33.20% | 21.72% | 10.43% |
| 2021 | $9.72B | $1.39B | 35.97% | 23.63% | 14.27% |
| 2022 | $11.64B | $2.10B | 39.79% | 27.76% | 18.08% |
| 2023 | $14.33B | $2.42B | 37.55% | 26.90% | 16.91% |
| 2024 | $15.35B | $2.58B | 37.23% | 26.51% | 16.78% |
| 2025 | $16.10B | $2.49B | 35.44% | 24.68% | 15.49% |
Frequently asked questions
What is United Rentals Inc's revenue?
United Rentals Inc's trailing twelve-month revenue is $16.36B, and consensus projects about $22.80B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is URI?
In its most recent fiscal year, URI ran a gross margin of 35.44%, an operating margin of 24.68%, and a net margin of 15.49%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does URI generate?
URI produced $662.00M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is URI's balance sheet healthy?
URI holds $459.00M in cash and equivalents against $12.65B in long-term debt, on $8.97B of shareholder equity. That debt is best read against the cash flow the business throws off each year.