URI Industrials

United Rentals, Inc.

$1,175.17-0.02%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Industrials
Industry: Rental & Leasing Services
Country: United States
Market cap: 73.1B USD
Enterprise value: 78.2B USD
Full-time employees: 28,500

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.79 vs a peer median of 0.64), less short-term liquidity (current ratio 0.76 vs a peer median of 1.62) and more debt relative to equity (1.54× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.79 vs peers 0.64), less liquidity (current ratio 0.76 vs peers 1.62) and more debt vs equity (1.54× vs peers 0.40×)
About average: growth

Ranks #1,360 of 2,308 industrials companies (bottom 42%)

See how it ranks against its peers

Worth knowing

Profit isn't fully turning into cash. Free cash flow is only 24% of reported profit.
Free cash flow is only 24% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.
Share count shrinking. Shares outstanding down 10% from December 2022 to July 2026.
United Rentals had 10% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $8.5B in 2020 to $16.1B in 2025.
United Rentals's fiscal-year revenue rose in each of the five years to 2025, from $8.5B to $16.1B.
Wide margins. Operating margin 25% (12 months to Jun 2026) vs a peer median of 7.7%.Operating margin 25% vs peers 7.7%.
United Rentals keeps 25% of revenue as operating profit, more than 93% of peers (median 7.7%).

StockQuotient Score

47/ 100▼ 1 since Oct 27 close

Oct 5 49 → Nov 4 47 (-2)

Valuation

Is the price right?

36/100

Weak▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 37 → 36

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ FCF yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield3.6%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.06Sector median: 0.0377 · MAD: 0.0294

EBITDA yield5.3%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.39Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield0.9%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported value20% base weight · Z-score -0.77Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield12.6%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

59/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 2.9%

Why

Helped by:

▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth7.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.02Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth8.5%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.68Sector median: 0.0421 · MAD: 0.0625

Revenue growth6.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.32Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

91/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Operating margin
▲ ROA
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin24.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 3.36Sector median: 0.0773 · MAD: 0.0507

Return on assets8.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.21Sector median: 0.0311 · MAD: 0.0241

Return on invested capital14.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.25Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin38.4%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity28.6%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Current ratio
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.79

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.49Sector median: 0.6440 · MAD: 0.2745

Current ratio0.76×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.59Sector median: 1.6180 · MAD: 0.5360

Debt / equity1.54×

SEC filings · latest balance sheetReported value33% base weight · Z-score -3.38Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about United Rentals

Is United Rentals getting weaker?: Its latest SEC filing (Jul 22, 2026) showed no major changes. Its overall score is 47/100, down 1 since Oct 28, 2026.
How is United Rentals valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 36/100 against 2,459 industrials peers. Free cash flow yield 0.9% vs a peer median of 3.7% (weaker than 70% of peers).Free cash flow yield 0.9% vs peers 3.7% (weaker than 70% of peers).
Is United Rentals growing?: At about the same pace as its peers. Growth scores 59/100 against 2,459 industrials peers. 3-year revenue growth 8.5% vs a peer median of 4.2% (stronger than 68% of peers).3-year revenue growth 8.5% vs peers 4.2% (stronger than 68% of peers).
How profitable is United Rentals?: More profitable than most of its peers. Profitability scores 91/100 against 2,459 industrials peers. Operating margin 24.8% vs a peer median of 7.7% (stronger than 93% of peers).Operating margin 24.8% vs peers 7.7% (stronger than 93% of peers).
How risky is United Rentals?: Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 1.79 vs a peer median of 0.64 (weaker than 100% of peers).Beta 1.79 vs peers 0.64 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 22, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	16.4B USD	16.8B USD	+2.9%
Net income (12 months)	2.5B USD	2.6B USD	+5.2%
Operating margin	24.7%	24.8%	+0.1 pts
Debt	13.9B USD	14.2B USD	+2.5%
Cash	156.0M USD	112.0M USD	−28.2%
Shares outstanding	62.6M	62.2M	−0.6%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Rental & Leasing Services companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	39.7%	42.9%	40.6%	40.1%	38.2%	▼ 1.9 pts
Operating margin	23.4%	27.8%	26.7%	26.5%	24.7%	▼ 1.8 pts
Net margin	14.3%	18.1%	16.9%	16.8%	15.5%	▼ 1.3 pts
Return on assets (ROA)	6.8%	8.7%	9.5%	9.1%	8.4%	▼ 0.8 pts
Return on equity (ROE)	23.1%	29.8%	29.8%	29.9%	27.8%	▼ 2.1 pts
Free cash flow margin	5.1%	6.4%	5.9%	2.7%	—	—
Current ratio	0.83×	1.11×	0.81×	0.98×	0.94×	▼ 3.4%
Quick ratio	0.76×	1.02×	0.75×	0.92×	0.88×	▼ 3.9%
Debt to equity	1.63×	1.62×	1.42×	1.56×	1.59×	▲ 2.1%

URI price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.79 vs a peer median of 0.64), less short-term liquidity (current ratio 0.76 vs a peer median of 1.62) and more debt relative to equity (1.54× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.79 vs peers 0.64), less liquidity (current ratio 0.76 vs peers 1.62) and more debt vs equity (1.54× vs peers 0.40×)

About average: growth

Ranks #1,360 of 2,308 industrials companies (bottom 42%)

See how it ranks against its peers

Worth knowing

Profit isn't fully turning into cash. Free cash flow is only 24% of reported profit.

Free cash flow is only 24% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.

Share count shrinking. Shares outstanding down 10% from December 2022 to July 2026.

United Rentals had 10% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $8.5B in 2020 to $16.1B in 2025.

United Rentals's fiscal-year revenue rose in each of the five years to 2025, from $8.5B to $16.1B.

Wide margins. Operating margin 25% (12 months to Jun 2026) vs a peer median of 7.7%.Operating margin 25% vs peers 7.7%.

United Rentals keeps 25% of revenue as operating profit, more than 93% of peers (median 7.7%).

Questions investors ask about United Rentals

Is United Rentals getting weaker?

Its latest SEC filing (Jul 22, 2026) showed no major changes. Its overall score is 47/100, down 1 since Oct 28, 2026.

How is United Rentals valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 36/100 against 2,459 industrials peers. Free cash flow yield 0.9% vs a peer median of 3.7% (weaker than 70% of peers).Free cash flow yield 0.9% vs peers 3.7% (weaker than 70% of peers).

Is United Rentals growing?

At about the same pace as its peers. Growth scores 59/100 against 2,459 industrials peers. 3-year revenue growth 8.5% vs a peer median of 4.2% (stronger than 68% of peers).3-year revenue growth 8.5% vs peers 4.2% (stronger than 68% of peers).

How profitable is United Rentals?

More profitable than most of its peers. Profitability scores 91/100 against 2,459 industrials peers. Operating margin 24.8% vs a peer median of 7.7% (stronger than 93% of peers).Operating margin 24.8% vs peers 7.7% (stronger than 93% of peers).

How risky is United Rentals?

Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 1.79 vs a peer median of 0.64 (weaker than 100% of peers).Beta 1.79 vs peers 0.64 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

16.4B USD

16.8B USD

+2.9%

Net income (12 months)

2.5B USD

2.6B USD

+5.2%

Operating margin

24.7%

24.8%

+0.1 pts

Debt

13.9B USD

14.2B USD

+2.5%

Cash

156.0M USD

112.0M USD

−28.2%

Shares outstanding

62.6M

62.2M

−0.6%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

39.7%

42.9%

40.6%

40.1%

38.2%

▼ 1.9 pts

Operating margin

23.4%

27.8%

26.7%

26.5%

24.7%

▼ 1.8 pts

Net margin

14.3%

18.1%

16.9%

16.8%

15.5%

▼ 1.3 pts

Return on assets (ROA)

6.8%

8.7%

9.5%

9.1%

8.4%

▼ 0.8 pts

Return on equity (ROE)

23.1%

29.8%

29.9%

27.8%

▼ 2.1 pts

Free cash flow margin

5.1%

6.4%

5.9%

2.7%

—

Current ratio

0.83×

1.11×

0.81×

0.98×

0.94×

▼ 3.4%

Quick ratio

0.76×

1.02×

0.75×

0.92×

0.88×

▼ 3.9%

Debt to equity

1.63×

1.62×

1.42×

1.56×

1.59×

▲ 2.1%