United Rentals (URI)
Industrials · Equipment rental and leasing
The world's largest equipment rental company, serving construction, industrial, and infrastructure customers across North America, Europe, and Australia with a fleet of over 1 million units.
What United Rentals does
United Rentals is the largest equipment rental company globally, operating approximately 1,768 rental locations across the United States, Canada, Europe, Australia, and New Zealand. The company rents general construction and industrial equipment, aerial work platforms, power and HVAC equipment, trench safety equipment, fluid solutions, mobile storage, and surface protection mats to construction, industrial, and infrastructure customers. Equipment rental revenue represents approximately 86% of total revenues, with the company generating $16.1 billion in total revenues in 2025 and maintaining a 15% estimated market share in North America.
Themes: ["Construction equipment rental","Infrastructure spending","Capital-intensive asset leasing","Cyclical construction industry","Fleet management and optimization","Significant leverage ($13.9 billion in indebtedness as of March 31, 2026) constrains financial flexibility and refinancing risk in rising rate environment","Cyclical revenue exposure to construction and industrial activity declines; cost structure is largely fixed, amplifying profitability swings during downturns","Supply chain and inflation pressures on maintenance costs, fleet acquisition pricing, and inability to fully pass through cost increases to customers; tariff risks on equipment imports"]
Fundamentals
- Price$1,071.49 as of 2026-07-08 close
- Market cap$66.0B as of 2026-07-09
- 1-year return+35.4% as of 2026-07-08 close
- P/E26.34 as of 2026-07-09
- Net margin+15.3% as of 2026-07-09
- Gross margin+38.2% as of 2026-07-09
- ROE+27.9% as of 2026-07-09
- Debt / equity1.55 as of 2026-07-09
- Revenue growth (YoY)+5.0% as of 2026-07-09
- Revenue CAGR (3y)+11.4% SEC XBRL
- Beta1.80 as of 2026-07-09
Dividend: yield +0.7%; 3-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
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Fundamentals: Finnhub, as of 2026-07-09. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.