Sunbelt Rentals
Rents general and specialty equipment through a North America-centered branch network.
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Profile
Rents general construction and industrial equipment alongside specialty solutions including power, pumps, trench safety, and temporary structures. Revenue is centered in North America, with a smaller U.K. business, and depends on fleet availability, utilization, and customers choosing rental over ownership.
Rents construction and industrial equipment through North America – General Tool, North America – Specialty, and United Kingdom operations. General Tool supplies broad job-site categories, while Specialty adds technical offerings such as power and HVAC, pumps, trench safety, scaffolding, and temporary structures.
Operates a North America-centered branch network with a smaller U.K. presence and limited operations in Ireland, Germany, and the Netherlands. Clustered locations share fleet and expertise, while digital systems support availability, delivery tracking, pricing, and cross-selling between General Tool and Specialty.
Depends on construction and industrial demand, customers choosing rental over ownership, fleet utilization, equipment supply, trained employees, safe maintenance and transport, and access to capital for replacement and expansion. Greenfield openings and bolt-on acquisitions also require disciplined integration.
Company facts
Key statistics
Year to date −0.8% · Average volume (30d) 2.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | Wells Fargo | Initiate | Overweight | $96 | ||
| Jul 21, 2026 | Bernstein | Reiterate | Outperform | $86 | $96 | |
| Jun 24, 2026 | KeyBanc | Reiterate | Overweight | $85 | ||
| Jun 22, 2026 | Barclays | Reiterate | Overweight | $90 | ||
| Jun 22, 2026 | RBC Capital | Upgrade | Underperform | Sector Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 23, 2026Q4 FY26 | $0.75 | $0.74 | −0.7% | $2.64B | $2.52B | −4.4% | −2.90% |
| Mar 12, 2026Q3 FY26 | $0.81 | $0.78 | −3.8% | $2.65B | $2.64B | −0.5% | +4.18% |
Financial highlights
| 11 quarters | Q4 FY25 | Q1 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.53B | $2.80B | $2.80B | $2.96B | $2.64B | $2.75B | |
| Gross profit | $2.21B | $2.45B | $2.45B | $2.59B | $984.0M | $288.0M | |
| Operating income | $522.9M | $641.8M | $641.8M | $704.4M | $492.0M | $465.0M | |
| Net income | $311.3M | $375.5M | $375.5M | $425.1M | $290.0M | $226.0M | |
| Diluted EPS | $0.71 | $0.88 | $0.88 | $1.00 | $0.69 | $0.55 | |
| Gross margin | 87.4% | 87.4% | 87.4% | 87.6% | 37.3% | 10.5% | |
| Operating margin | 20.7% | 22.9% | 22.9% | 23.8% | 18.7% | 16.9% |
Fiscal years (4-quarter sums)FY25 $10.84B · FY26 $11.15B
Revenue by product · Q3 FY26
Balance sheet, Apr 30, 2026Cash & short-term investments $29.0M · Total debt $10.16B · Total assets $22.27B · Shareholders' equity $7.41B
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 10, 2026 | Jul 10 | Jul 24 | $0.75 |
Ownership
Shares outstanding 409.95M · Float 403.95M · 98.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Dodge & Cox | 54.76M | 13.36% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 30.66M | 7.48% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 20.19M | 4.92% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 15.16M | 3.70% | 13F | Aug 7, 2026 |
| Wellington Management Group LLP | 11.06M | 2.70% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 9, 2026 | John Washburn | officer: Chief Operating Officer | −3,351 | $72.50 |
| Jul 8, 2026 | John Washburn | officer: Chief Operating Officer | −3,351 | $70.00 |
Peers
- United Rentals
Largest-scale overlap across North American general and specialty rentals
- Herc
Scaled North American fleet and national-account overlap
- SPDR S&P Dividend ETF
Direct U.K. overlap in tool, equipment and service rental
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sunbelt Rentals | $74.59 | +1.91% | $30.01B | 23.5 | 18.3 | 2.7 | — |
| United Rentals | $1,030.25 | +0.02% | $64.13B | 24.9 | 19.6 | 3.8 | +11.8% |
| Herc | $150.60 | +0.06% | $5.03B | 102.4 | 18.2 | 1.0 | +20.2% |
| SPDR S&P Dividend ETF | $157.66 | +0.07% | $21.74B | — | — | — | — |
| Median | 63.7 | 18.9 | 2.4 | +16.0% |