United Rentals Inc

URI

Equity

ISIN null / Valor 835129

New York Stock Exchange, Inc (2026-02-20)

USD 909.11+2.26%

United Rentals Inc
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About company

United Rentals, Inc., headquartered in Stamford, Connecticut, is a publicly traded equipment rental and services company that operates an extensive network of branches across North America (and selected international markets) providing a broad fleet of construction and industrial equipment—including aerial work platforms, earthmoving and material‑handling machines, power and HVAC systems, pumps, trench‑safety and specialty tools—together with related services such as on‑site support, equipment maintenance and fleet management, safety training, and sales of used assets. Serving contractors, industrial firms, utilities, municipalities and other organizations with temporary or project‑based needs, the company generates revenue from short‑ and long‑term rentals, service contracts and equipment sales rather than the outright manufacture of machinery.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue and EPS

Total revenue was $4.229 billion (rental revenue $3.665B), up year‑over‑year; GAAP net income was $701 million (16.6% margin). GAAP diluted EPS was $10.91 and adjusted EPS was $11.70 for Q3 2025.

Adjusted EBITDA

Adjusted EBITDA reached a Q3 record $1.946 billion, with an adjusted EBITDA margin of 46.0% (up in absolute dollars but down ~170 bps YoY on margin).

Fleet productivity and rental growth

Fleet productivity increased 2.0% year‑over‑year; equipment rental revenue rose 5.8% YoY to a third‑quarter record $3.665 billion.

Segment performance

General rentals: revenue $2.400B, +3.1% YoY, gross margin 36.7% (down 90 bps). Specialty rentals: revenue $1.265B, +11.4% YoY, gross margin 45.1% (down 490 bps, partly from higher depreciation and delivery costs).

Used equipment and margins

Used equipment sales proceeds were $333 million in the quarter with a GAAP gross margin of 44.1% and an adjusted gross margin of 45.9% (adjusted margin softened versus prior year as the used equipment market normalized).

Cash flow and capital spending

Year‑to‑date net cash provided by operating activities was $3.934 billion; year‑to‑date free cash flow was $1.192 billion. Year‑to‑date gross rental capital expenditures were $3.760 billion (payments for rental equipment $3.576B).

2025 guidance update

United Rentals raised its 2025 outlook: total revenue now $16.0–$16.2 billion (prior $15.8–$16.1B); adjusted EBITDA $7.325–$7.425 billion; net rental capex $2.55–$2.75B (after gross purchases of $4.0–$4.2B). Management cited strong customer demand as the driver.

Capital return, leverage and liquidity

Returned $1.633 billion to shareholders YTD ($1.283B repurchases, $350M dividends). Net leverage was 1.86x at September 30, 2025; total liquidity $2.452 billion, including $512 million in cash. A new repurchase program ($1.5B then increased to $2.0B) remains active with expected ~$1.9B repurchases in 2025.

Summarized from source with an LLMView Source

Key figures

30.9%1Y

97.1%3Y

213%5Y

Performance

39.8%1Y

37.6%3Y

37.7%5Y

Volatility