United Rentals
Rents general and specialty equipment for construction, infrastructure, and industrial work.
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Profile
Rents general construction, aerial, and industrial equipment alongside specialty trench safety, power and HVAC, fluid, storage, and surface-protection products. Rental fees drive revenue across a predominantly North American branch network, with fleet sharing, lifecycle management, equipment sales, and related services supporting utilization and customer coverage.
Rents construction, aerial, and industrial equipment, general tools, and light equipment through General Rentals. Specialty supplies trench safety, temporary power and HVAC, fluid solutions, mobile storage and modular offices, and surface-protection mats, often with setup services.
Operates mainly in the United States and Canada, with a smaller Specialty presence in Europe, Australia, and New Zealand. Rental fees provide core revenue; equipment sales, contractor supplies, repairs, and other services add smaller streams.
Coordinates equipment across branches, manages fleet assets through their life cycles, and gives larger customers centralized service and the Total Control platform. Demand follows construction and industrial activity, while profitability depends on rental rates, fleet utilization, equipment costs, maintenance, and resale values.
Company facts
Key statistics
Year to date +21.9% · Average volume (30d) 484.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Argus Research | Reiterate | Buy | $935 | $1,250 | |
| Jul 24, 2026 | Morgan Stanley | Reiterate | Overweight | $1,030 | $1,335 | |
| Jul 24, 2026 | KeyBanc | Reiterate | Overweight | $1,250 | $1,350 | |
| Jul 24, 2026 | Robert W. Baird | Target | $1,100 | $1,300 | ||
| Jul 24, 2026 | Wells Fargo | Reiterate | Overweight | $1,071 | $1,355 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 21, 2026Q2 FY26 | $11.53 | $12.76 | +10.7% | $4.22B | $4.41B | +4.5% | +2.12% |
| Apr 22, 2026Q1 FY26 | $8.95 | $9.71 | +8.5% | $3.87B | $3.99B | +2.8% | +22.92% |
| Jan 28, 2026Q4 FY25 | $11.79 | $11.09 | −5.9% | $4.24B | $4.21B | −0.8% | −12.86% |
| Oct 22, 2025Q3 FY25 | $12.29 | $11.70 | −4.8% | $4.16B | $4.23B | +1.6% | −7.79% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.72B | $3.94B | $4.23B | $4.21B | $3.99B | $4.41B | |
| Gross profit | $1.24B | $1.43B | $1.56B | $1.48B | $1.47B | $1.73B | |
| Operating income | $805.0M | $1.00B | $1.11B | $1.05B | $869.0M | $1.14B | |
| Net income | $518.0M | $622.0M | $701.0M | $653.0M | $531.0M | $753.0M | |
| Diluted EPS | $7.91 | $9.59 | $10.91 | $10.20 | $8.35 | $11.84 | |
| Gross margin | 33.4% | 36.1% | 36.8% | 35.2% | 36.9% | 39.3% | |
| Operating margin | 21.6% | 25.4% | 26.3% | 25.0% | 21.8% | 25.8% |
Fiscal years (4-quarter sums)FY21 $9.72B · FY22 $11.64B · FY23 $14.33B · FY24 $15.35B · FY25 $16.10B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $112.0M · Total debt $15.39B · Total assets $31.31B · Shareholders' equity $9.22B
Dividends
Raised for 2 straight years — most recently to $1.97 from $1.79 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 12, 2026 | Aug 12 | Aug 26 | $1.97 | |
| May 13, 2026 | May 13 | May 27 | $1.97 | |
| Feb 11, 2026 | Feb 11 | Feb 25 | $1.97 | raised from $1.79 |
| Nov 12, 2025 | Nov 12 | Nov 26 | $1.79 | |
| Aug 13, 2025 | Aug 13 | Aug 27 | $1.79 | |
| May 14, 2025 | May 14 | May 28 | $1.79 | |
| Feb 12, 2025 | Feb 12 | Feb 26 | $1.79 | raised from $1.63 |
| Nov 13, 2024 | Nov 13 | Nov 27 | $1.63 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 62.24M · Float 61.89M · 99.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.13M | 8.25% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 4.09M | 6.57% | 13F | Aug 13, 2026 |
| State Street Corp | 2.99M | 4.81% | 13F | Aug 7, 2026 |
| JPMorgan Chase & Co | 2.83M | 4.55% | 13F | Aug 12, 2026 |
| Vanguard Portfolio Management LLC | 2.70M | 4.33% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 24, 2026 | William E. Grace | officer: EVP, CFO | −1,500 | $1,133.15 |
| Apr 27, 2026 | Craig Adam Pintoff | officer: EVP, Chief Admin. Officer | −2,466 | $963.00 |
| Apr 27, 2026 | Joli L. Gross | officer: SVP, Chief LGL & Sustain. Off. | −306 | $954.99 |
| Apr 24, 2026 | Matthew John Flannery | director, officer: President & CEO | −22,768 | $984.98 |
| Apr 24, 2026 | Andrew B. Limoges | officer: VP, Controller | −548 | $977.86 |
Peers
- Sunbelt Rentals
North America's second-largest equipment renter across general and specialty categories.
- Herc
Full-line general equipment renter competing head-to-head across all major categories.
- WillScot
North America's dominant modular-space and portable-storage rental specialist.
- McGrath RentCorp
Modular building, portable storage, and electronic test equipment rental specialist.
- Custom Truck One Source
Specialty rental of truck-mounted and infrastructure equipment for utility, telecom, and rail.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| United Rentals | $1,030.25 | +0.02% | $64.13B | 24.9 | 19.6 | 3.8 | +11.8% |
| Sunbelt Rentals | $74.59 | +1.91% | $30.01B | 23.5 | 18.3 | 2.7 | — |
| Herc | $150.60 | +0.06% | $5.03B | 102.4 | 18.2 | 1.0 | +20.2% |
| WillScot | $20.90 | 0.00% | $3.78B | — | 17.9 | 1.6 | +3.9% |
| McGrath RentCorp | $112.28 | 0.00% | $2.74B | 18.1 | 17.5 | 2.9 | −6.2% |
| Custom Truck One Source | $9.20 | −0.05% | $2.09B | 98.0 | 42.2 | 1.0 | +10.2% |
| Median | 60.7 | 18.2 | 1.6 | +7.0% |