UNITED RENTALS, INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 14,302 | 61.5 |
| Stockholders' equity | 8,968 | 38.5 |
| Total capitalization | 23,270 | 100.0 |
62,646,557 shares outstanding at 20 April 2026 (cover page of the 10-Q filed 22 April 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 14,302 |
| Long-term debt, noncurrent | 12,652 |
| Current maturities | 1,577 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 500,000,000 |
| Common shares issued | 115,354,590 |
| Treasury shares | 52,258,620 |
| Par or stated value per share ($) | 0.01 |
| Outstanding at 4/20/26 | 62,646,557 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 7.16 | 18.5 |
| 2024 | 6.52 | 16.9 |
| 2023 | 5.92 | 16.8 |
| 2022 | – | – |
| 2021 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as UNITED RENTALS INC /DE (to 1 July 2019).
BUSINESS: Classified by the SEC under Standard Industrial Classification 7359, Services-Equipment Rental & Leasing, NEC. Large accelerated filer. Principal executive office: 100 First Stamford Place, Suite 700, Stamford, CT 06902. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 3,695 | 3,588 | 3,395 |
| Cost of revenues | 9,955 | 9,195 | 8,519 |
| Gross profit | 6,144 | 6,150 | 5,813 |
| Selling, general and administrative | 1,732 | 1,645 | 1,527 |
| Depreciation and amortization | 438 | 437 | 431 |
| Operating income | 3,973 | 4,065 | 3,827 |
| Income before income taxes | 3,338 | 3,388 | 3,211 |
| Income taxes | 844 | 813 | 787 |
| Net income | 2,494 | 2,575 | 2,424 |
| Earned per share, diluted ($) | 38.61 | 38.69 | 35.28 |
| Dividends per share ($) | 7.16 | 6.52 | 5.92 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 459 | 457 |
| Receivables, net | 2,510 | 2,357 |
| Inventories | 240 | 200 |
| Total current assets | 3,608 | 3,249 |
| Goodwill | 7,119 | 6,900 |
| Total assets | 29,866 | 28,163 |
| Total current liabilities | 3,819 | 3,323 |
| Long-term debt | 12,652 | 12,228 |
| Total liabilities | 20,898 | 19,541 |
| Stockholders' equity | 8,968 | 8,622 |
| Total liabilities and equity | 29,866 | 28,163 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 16,099 | 3,973 | 2,494 | 15.5 | 38.61 | 7.16 | 5,190 | – | – | 29,866 | 20,898 | 14,302 | 8,968 | 27.8 | 1.59 |
| 12/31/24 | 15,345 | 4,065 | 2,575 | 16.8 | 38.69 | 6.52 | 4,546 | 4,130 | 416 | 28,163 | 19,541 | 13,472 | 8,622 | 29.9 | 1.56 |
| 12/31/23 | 14,332 | 3,827 | 2,424 | 16.9 | 35.28 | 5.92 | 4,704 | 3,864 | 840 | 25,589 | 17,459 | 11,582 | 8,130 | 29.8 | 1.42 |
| 12/31/22 | 11,642 | 3,232 | 2,105 | 18.1 | 29.65 | – | 4,433 | 3,690 | 743 | 24,183 | 17,121 | 11,447 | 7,062 | 29.8 | 1.62 |
| 12/31/21 | 9,716 | 2,277 | 1,386 | 14.3 | 19.04 | – | 3,689 | 3,198 | 491 | 20,292 | 14,301 | 9,754 | 5,991 | 23.1 | 1.63 |
| 12/31/20 | 8,530 | 1,800 | 890 | 10.4 | 12.20 | – | 2,658 | 197 | 2,461 | 17,868 | 13,323 | 9,755 | 4,545 | 19.6 | 2.15 |
| 12/31/19 | 9,351 | 2,152 | 1,174 | 12.6 | 15.11 | – | 3,024 | 218 | 2,806 | 18,970 | 15,140 | 11,516 | 3,830 | 30.7 | 3.01 |
| 12/31/18 | 8,047 | 1,951 | 1,096 | 13.6 | 13.12 | – | 2,853 | 185 | 2,668 | 18,133 | 14,730 | 11,834 | 3,403 | 32.2 | 3.48 |
| 12/31/17 | 6,641 | 1,507 | 1,346 | 20.3 | 15.73 | – | 2,209 | 120 | 2,089 | 15,030 | 11,924 | 9,516 | 3,106 | 43.3 | 3.06 |
| 12/31/16 | 5,762 | 1,415 | 566 | 9.8 | 6.45 | – | 1,941 | 93 | 1,848 | 11,988 | 10,340 | 7,843 | 1,648 | 34.3 | 4.76 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
UNITED RENTALS, INC.
CIK 1067701 · EIN 06-1522496
PRINCIPAL OFFICE:
100 First Stamford Place, Suite 700, Stamford, CT 06902
Tel.: 2036223131
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
7359 · Services-Equipment Rental & Leasing, NEC
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 28 January 2026
FORMER NAMES:
UNITED RENTALS INC /DE
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 1/28/26) · 10-K FY2024 (filed 1/29/25) · 10-K FY2023 (filed 1/24/24) · 10-K FY2022 (filed 1/25/23) · 10-K FY2021 (filed 1/26/22) · 10-K FY2020 (filed 1/27/21) · 10-K FY2019 (filed 1/29/20) · 10-K FY2018 (filed 1/23/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.