United Rentals income statement

In fiscal 2025, United Rentals reported revenue of $16.10bn, up 4.9% on the year before, operating income of $3.97bn (a 24.7% margin) and net income of $2.49bn, or $38.61 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

United Rentals: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	2.4	2.2	2.6	4.1	5.0	5.7	5.8	5.8	6.6	8.0	9.4	8.5	9.7	11.6	14.3	15.3	16.1	17.5
Cost of revenue	1.7	1.6	1.7	2.5	3.0	3.3	3.3	3.4	3.9	4.7	5.7	5.3	5.9	6.6	8.5	9.2	10.0	10.7
Gross profit	0.6	0.7	0.9	1.6	2.0	2.4	2.5	2.4	2.8	3.4	3.7	3.2	3.9	5.0	5.8	6.2	6.1	6.8
Selling, general and administrative	0.4	0.4	0.4	0.6	0.6	0.8	0.7	0.7	0.9	1.0	1.1	1.0	1.2	1.4	1.5	1.6	1.7	1.9
Operating income	0.1	0.2	0.4	0.6	1.1	1.4	1.5	1.4	1.5	2.0	2.2	1.8	2.3	3.2	3.8	4.1	4.0	4.5
Income before tax	−0.1	−0.1	0.2	0.1	0.6	0.9	1.0	0.9	1.0	1.5	1.5	1.1	1.8	2.8	3.2	3.4	3.3	—
Income tax	−0.0	−0.0	0.1	0.0	0.2	0.3	0.4	0.3	−0.3	0.4	0.3	0.2	0.5	0.7	0.8	0.8	0.8	—
Net income	−0.1	−0.0	0.1	0.1	0.4	0.5	0.6	0.6	1.3	1.1	1.2	0.9	1.4	2.1	2.4	2.6	2.5	2.9
Diluted EPS	−$1.02	−$0.44	$1.38	$0.79	$3.64	$5.15	$6.07	$6.45	$15.73	$13.12	$15.11	$12.20	$19.04	$29.65	$35.28	$38.69	$38.61	$45.41
Diluted shares (average)	60m	60m	73m	95m	106m	105m	96m	88m	86m	84m	78m	73m	73m	71m	69m	67m	65m	63m
EBITDA	0.6	0.6	0.9	1.5	2.2	2.6	2.8	2.7	1.8	2.3	2.6	2.2	2.6	3.6	4.3	4.5	4.4	4.9

US$ millions unless shown otherwise. Fiscal quarters.

United Rentals: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	4,095	3,719	3,943	4,229	4,208	3,985	4,410	4,893
Cost of revenue	2,457	2,363	2,410	2,564	2,618	2,516	2,678	2,847
Gross profit	1,638	1,356	1,533	1,665	1,590	1,469	1,732	2,046
Selling, general and administrative	436	437	422	442	431	441	472	511
Operating income	1,087	804	1,003	1,114	1,052	869	1,138	1,409
Income before tax	909	688	839	937	874	701	—	1,231
Income tax	220	170	217	236	221	170	—	311
Net income	689	518	622	701	653	531	753	920
Diluted EPS	$10.47	$7.91	$9.59	$10.91	$10.27	$8.43	$12.03	$14.77
EBITDA	1,202	918	1,111	1,223	1,159	983	1,254	1,520

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from United Rentals's SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to United Rentals.