financial statements

The full income statement, balance sheet, and cash-flow statement for United Rentals Inc. (URI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	3.69B YoY+3.0%	3.59B YoY+5.7%	3.40B YoY+35.7%	2.50B YoY+10.9%	2.26B YoY+13.1%
	6.14B YoY-0.1%	6.15B YoY+5.8%	5.81B YoY+16.4%	5.00B YoY+29.7%	3.85B YoY+21.0%
Cost of revenue	9.96B YoY+8.3%	9.20B YoY+7.9%	8.52B YoY+28.2%	6.65B YoY+13.4%	5.86B YoY+9.7%
Selling, general & administrative	1.73B YoY+5.3%	1.65B YoY+7.7%	1.53B YoY+9.1%	1.40B YoY+16.8%	1.20B YoY+22.5%
Restructuring	1.00M YoY-66.7%	3.00M YoY-89.3%	28.0M	0.00 YoY-100.0%	2.00M YoY-88.2%
Amortization of intangibles	238M YoY-7.8%	258M YoY-4.8%	271M YoY+23.7%	219M YoY-6.0%	233M YoY-6.8%
Operating income	3.97B YoY-2.3%	4.07B YoY+6.2%	3.83B YoY+18.4%	3.23B YoY+41.9%	2.28B YoY+26.5%
Other non-operating income	81.0M YoY+478.6%	14.0M YoY-26.3%	19.0M YoY+26.7%	15.0M YoY+314.3%	-7.00M YoY-187.5%
Pre-tax income	3.34B YoY-1.5%	3.39B YoY+5.5%	3.21B YoY+14.6%	2.80B YoY+51.8%	1.85B YoY+62.1%
Income tax	844M YoY+3.8%	813M YoY+3.3%	787M YoY+12.9%	697M YoY+51.5%	460M YoY+84.7%
Net income	2.49B YoY-3.1%	2.58B YoY+6.2%	2.42B YoY+15.2%	2.10B YoY+51.9%	1.39B YoY+55.7%
	$38.61 YoY-0.2%	$38.69 YoY+9.7%	$35.28 YoY+19.0%	$29.65 YoY+55.7%	$19.04 YoY+56.1%
EPS (basic)	$38.71 YoY-0.3%	$38.82 YoY+9.7%	$35.40 YoY+18.9%	$29.77 YoY+55.5%	$19.14 YoY+56.4%
Weighted-avg shares (basic)	64.4M YoY-2.9%	66.3M YoY-3.1%	68.5M YoY-3.2%	70.7M YoY-2.4%	72.4M YoY-0.3%
Weighted-avg shares (diluted)	64.6M YoY-2.9%	66.6M YoY-3.1%	68.7M YoY-3.2%	71.0M YoY-2.5%	72.8M YoY-0.2%
Dividends per share	$7.16 YoY+9.8%	$6.52 YoY+10.1%	$5.92	—	—
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	3.61B YoY+11.0%	3.25B YoY+10.8%	2.93B YoY+7.7%	2.72B YoY+26.6%	2.15B YoY+6.6%
Cash & equivalents	459M YoY+0.4%	457M YoY+25.9%	363M YoY+242.5%	106M YoY-26.4%	144M YoY-28.7%
Accounts receivable	2.51B YoY+6.5%	2.36B YoY+5.7%	2.23B YoY+11.3%	2.00B YoY+19.5%	1.68B YoY+27.5%
Inventory	240M YoY+20.0%	200M YoY-2.4%	205M YoY-11.6%	232M YoY+41.5%	164M YoY+31.2%
Prepaid expenses	399M YoY+69.8%	235M YoY+74.1%	135M YoY-64.6%	381M YoY+129.5%	166M YoY-55.7%
Other current assets	90.0M YoY+0.0%	90.0M YoY+45.2%	62.0M YoY-15.1%	73.0M YoY+21.7%	60.0M YoY+42.9%
	29.9B YoY+6.0%	28.2B YoY+10.1%	25.6B YoY+5.8%	24.2B YoY+19.2%	20.3B YoY+13.6%
Property, plant & equipment	604M YoY+0.0%	604M YoY+0.0%	604M YoY+0.0%	604M YoY+0.0%	604M YoY+0.0%
Operating lease right-of-use	1.40B YoY+4.3%	1.34B YoY+21.7%	1.10B YoY+34.2%	819M YoY+4.5%	784M YoY+14.0%
Goodwill	7.12B YoY+3.2%	6.90B YoY+16.2%	5.94B YoY-1.4%	6.03B YoY+9.0%	5.53B YoY+7.0%
Intangible assets	477M YoY-28.1%	663M YoY-1.0%	670M YoY+48.2%	452M YoY-26.5%	615M YoY-5.1%
Other non-current assets	64.0M YoY+30.6%	49.0M YoY+14.0%	43.0M YoY-8.5%	47.0M YoY+11.9%	42.0M YoY+10.5%
	3.82B YoY+14.9%	3.32B YoY-8.6%	3.64B YoY+48.8%	2.44B YoY-6.1%	2.60B YoY+37.7%
Accounts payable	776M YoY+3.7%	748M YoY-17.3%	905M YoY-20.5%	1.14B YoY+39.6%	816M YoY+75.1%
Accrued liabilities	1.47B YoY+4.9%	1.40B YoY+10.3%	1.27B YoY+10.7%	1.15B YoY+30.0%	881M YoY+22.4%
Deferred revenue	175M YoY-5.4%	185M YoY+34.1%	138M YoY+5.3%	131M YoY+57.8%	83.0M YoY+62.7%
Short-term & current debt	1.58B YoY+33.9%	1.18B YoY-19.6%	1.47B YoY+809.9%	161M YoY-82.2%	906M YoY+28.7%
Current lease liability	317M YoY+7.8%	294M YoY+18.1%	249M YoY+18.0%	211M YoY+4.5%	202M YoY+13.5%
	20.9B YoY+6.9%	19.5B YoY+11.9%	17.5B YoY+2.0%	17.1B YoY+19.7%	14.3B YoY+7.3%
Long-term debt	14.3B YoY+6.2%	13.5B YoY+16.3%	11.6B YoY+1.2%	11.4B YoY+17.4%	9.75B YoY-0.0%
Non-current lease liability	1.12B YoY+3.2%	1.09B YoY+21.7%	895M YoY+39.4%	642M YoY+3.4%	621M YoY+13.1%
Deferred tax liabilities	3.12B YoY+16.0%	2.69B YoY-0.6%	2.70B YoY+1.1%	2.67B YoY+24.0%	2.15B YoY+21.8%
Other non-current liabilities	188M YoY-13.0%	216M YoY+24.9%	173M YoY+12.3%	154M YoY+6.9%	144M YoY+4.3%
	8.97B YoY+4.0%	8.62B YoY+6.1%	8.13B YoY+15.1%	7.06B YoY+17.9%	5.99B YoY+31.8%
Common stock	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%
Additional paid-in capital	2.77B YoY+2.9%	2.69B YoY+1.5%	2.65B YoY+0.9%	2.63B YoY+2.3%	2.57B YoY+3.4%
Retained earnings	15.8B YoY+14.7%	13.8B YoY+18.3%	11.7B YoY+20.9%	9.66B YoY+27.9%	7.55B YoY+22.5%
Treasury stock	9.40B YoY+25.6%	7.48B YoY+25.4%	5.96B YoY+20.3%	4.96B YoY+25.3%	3.96B YoY+0.0%
Accumulated other comprehensive income	-249M YoY+38.5%	-405M YoY-77.6%	-228M YoY+13.6%	-264M YoY-54.4%	-171M YoY-17.1%
Total liabilities & equity	29.9B YoY+6.0%	28.2B YoY+10.1%	25.6B YoY+5.8%	24.2B YoY+19.2%	20.3B YoY+13.6%
Common shares issued	115M YoY+0.2%	115M YoY+0.1%	115M YoY+0.2%	115M YoY+0.3%	114M YoY+0.2%
Common shares outstanding	63.1M YoY-3.4%	65.3M YoY-2.9%	67.3M YoY-3.0%	69.4M YoY-4.2%	72.4M YoY+0.3%
Shares outstanding (cover)	63.6M YoY-3.0%	65.6M YoY-3.2%	67.8M YoY-2.2%	69.3M YoY-4.3%	72.4M YoY+0.4%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.19B YoY+14.2%	4.55B YoY-3.4%	4.70B YoY+6.1%	4.43B YoY+20.2%	3.69B YoY+38.8%
Depreciation & amortization	438M YoY+0.2%	437M YoY+1.4%	431M YoY+18.4%	364M YoY-2.2%	372M YoY-3.9%
Share-based compensation	134M YoY+19.6%	112M YoY+19.1%	94.0M YoY-26.0%	127M YoY+6.7%	119M YoY+70.0%
Deferred income taxes	405M YoY+2231.6%	-19.0M YoY-154.3%	35.0M YoY-93.5%	537M YoY+100.4%	268M YoY+321.5%
Change in receivables	120M YoY+500.0%	20.0M YoY-88.0%	167M YoY-49.2%	329M YoY+9.7%	300M YoY+237.6%
Change in inventory	38.0M YoY+353.3%	-15.0M YoY+21.1%	-19.0M YoY-176.0%	25.0M YoY+377.8%	-9.00M YoY-280.0%
Change in payables	-22.0M YoY+89.2%	-203M YoY-351.1%	-45.0M YoY-114.8%	304M YoY-1.0%	307M YoY+2970.0%
	-3.37B YoY+18.8%	-4.15B YoY-39.4%	-2.98B YoY+40.7%	-5.02B YoY-38.9%	-3.61B YoY-1519.3%
Capital expenditure	—	4.13B YoY+6.9%	3.86B YoY+4.7%	3.69B YoY+15.4%	3.20B YoY+1523.4%
Acquisitions	357M YoY-78.4%	1.66B YoY+188.3%	574M YoY-75.5%	2.34B YoY+63.0%	1.44B YoY+71700.0%
Purchases of investments	3.00M YoY-40.0%	5.00M YoY+25.0%	4.00M YoY-42.9%	7.00M	0.00 YoY-100.0%
Proceeds from sale of PP&E	56.0M YoY-16.4%	67.0M YoY+11.7%	60.0M YoY+150.0%	24.0M YoY-20.0%	30.0M YoY-28.6%
	-1.84B YoY-571.9%	-274M YoY+81.4%	-1.47B YoY-367.0%	552M YoY+494.3%	-140M YoY+93.9%
Common stock repurchased	1.97B YoY+25.3%	1.57B YoY+46.8%	1.07B YoY+0.2%	1.07B YoY+3041.2%	34.0M YoY-88.1%
Dividends paid	464M YoY+6.9%	434M YoY+6.9%	406M	0.00	0.00
FX effect on cash	22.0M YoY+173.3%	-30.0M YoY-1100.0%	3.00M YoY+142.9%	-7.00M YoY-275.0%	4.00M YoY-50.0%
Net change in cash	2.00M YoY-97.9%	94.0M YoY-63.4%	257M YoY+776.3%	-38.0M YoY+34.5%	-58.0M YoY-138.7%
Interest paid	703M YoY+4.3%	674M YoY+9.8%	614M YoY+51.2%	406M YoY+3.8%	391M YoY-19.0%
Income taxes paid	602M YoY-39.4%	994M YoY+101.6%	493M YoY+51.2%	326M YoY+61.4%	202M YoY-36.5%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	51.5B YoY+11.4%	46.2B YoY+18.9%	38.9B YoY+57.8%	24.6B YoY+2.4%	24.1B YoY+43.8%
P/E	20.6× YoY+15.0%	18.0× YoY+9.3%	16.4× YoY+28.6%	12.8× YoY-26.4%	17.4× YoY-7.7%
P/S	7.5× YoY+7.4%	6.9× YoY+2.6%	6.8× YoY+21.3%	5.6× YoY+0.7%	5.5× YoY+126.0%
P/B	5.7× YoY+7.1%	5.4× YoY+6.2%	5.0× YoY+28.9%	3.9× YoY-2.5%	4.0× YoY+9.1%
P/FCF	9.9× YoY-91.1%	111.1× YoY-59.1%	271.9× YoY+407.2%	53.6× YoY+9.4%	49.0× YoY+620.7%
Earnings yield	4.8% YoY-13.1%	5.6% YoY-8.5%	6.1% YoY-22.2%	7.8% YoY+35.9%	5.8% YoY+8.3%
FCF yield	10.1% YoY+1019.9%	0.9% YoY+144.7%	0.4% YoY-80.3%	1.9% YoY-8.6%	2.0% YoY-86.1%
Dividend yield	0.9% YoY-4.4%	0.9% YoY-10.3%	1.0%	—	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: URI's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all URI filings on SEC EDGAR → Not investment advice.

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About this data

financial statements