United Rentals (URI)

Industrials · $69.5B market cap · SEC CIK 0001067701

Next reports on Jan 26, 2027, after the close, with analysts expecting $14.37 in earnings per share.

52-week range $701.59 to $1,202. 8% below its 52-week high and 57% above its low.

The case for URI

• Earns 31% back on shareholder equity.
• Revenue growing 9.4% year over year.
• Reasonably priced for its growth: 24.3× earnings, where 16% a year of growth plus a 1.3% dividend would justify about 34×.
• Has compounded revenue at 13.6% a year over five years.
• Pays a modest 1.3% dividend.

The case against

• Swings harder than the market (beta 1.85).
• Current liabilities exceed current assets (ratio 0.80).
• Long-term debt of $14.3B against $459M of cash.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Industrials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Capital spending is missing from its filings, so free cash flow cannot be worked out. Operating cash flow stands in for the cash test, against a stricter bar.
• Each factor except momentum is half fixed thresholds, half rank among the 79 Industrials companies.

The financials

The financials, five years deep

Pulled from United Rentals's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What United Rentals says it does

United Rentals is the largest equipment rental company in the world, operates throughout the United States and Canada, and has a smaller presence in Europe, Australia and New Zealand. The table below presents key information about our business as of and for the years ended December 31, 2025 and 2024. Our business is discussed in more detail below. The data below should be read in conjunction with, and is qualified by reference to, our Management’s Discussion and Analysis and our consolidated financial statements and notes thereto contained elsewhere in this report. 1 Table of Contents 2025 2024 PERFORMANCE MEASURES Total revenues (in millions) $16,099 $15,345 Equipment rental revenue percent of total revenues 86% 85% Equipment rental revenue variance components: Year-over-year change in average original equipment cost (“OEC”) 3.9% 3.5% Assumed year-over-year inflation impact (1) (1.5)% (1.5)% Fleet productivity (2) 2.2% 4.1%…

Risk factors URI lists in its 10-K

• Our industry is highly competitive, and competitive pressures have in the past led, and could lead again in the future, to a decrease in our market share or in the prices that we can charge
• Severe weather events and other natural occurrences may materially adversely impact our operations and markets
• Increases in fuel costs or reduced supplies of fuel have in the past harmed, and could in the future again harm, our business
• Our significant indebtedness exposes us to various risks
• We may not be able to refinance our indebtedness on favorable terms, or at all. Our inability to refinance our indebtedness could materially and adversely affect our liquidity and our ongoing results of operations
• We may incur substantially more debt and take other actions that could diminish our ability to make payments on our indebtedness when due, which could further exacerbate the risks associated with our current level of indebtedness
• Restrictive covenants in certain of the agreements and instruments governing our indebtedness may adversely affect our financial and operational flexibility
• If we are unable to obtain additional capital as required, we may be unable to fund the capital outlays required for the success of our business
• Our growth strategies may be unsuccessful if we are unable to identify and complete future acquisitions and successfully integrate acquired businesses or assets
• If we determine that our goodwill has become impaired, we may incur impairment charges, which would negatively impact our operating results
• Our operating results may fluctuate, which could affect the trading value of our securities
• Our common stock price has fluctuated significantly and may continue to do so in the future
• Share repurchases could increase the volatility of the price of our common stock and could diminish our cash reserves
• Our charter provisions, as well as other factors, may affect the likelihood of a takeover or change of control of the Company
• We cannot make any guarantees with respect to payment of dividends on our common stock
• If we are unable to collect on contracts with customers, our operating results would be adversely affected
• Turnover of members of our management and our ability to attract and retain key personnel may adversely affect our ability to efficiently manage our business and execute our strategy
• Our operational and cost reduction strategies may not generate the improvements and efficiencies we expect
• We are dependent on our relationships with key suppliers to obtain equipment and other supplies for our business on acceptable terms
• Failure to comply with data privacy and protection laws and regulations could subject us to legal liability and adversely affect our reputation and our financial performance
• We may fail to respond adequately to changes in technology and customer demands, which could adversely affect our results of operation, financial condition and cash flows
• We use AI in our business and in our products, and challenges with properly managing its use could result in reputational harm, competitive harm, and legal liability, and adversely affect our business or results of operations
• Severe weather events or other natural occurrences may materially adversely impact our operations and markets
• Our growing specialty reportable segment, as well as our tools and onsite services offerings, presents new and expanded risks, which may increase as we engage in new activities and provide new services
• We are exposed to a variety of claims relating to our business, and our insurance may not fully cover them
• Our rental fleet is subject to residual value risk upon disposition and may not sell at the prices or in the quantities we expect
• Changes to income tax laws or regulations in the U.S. and other jurisdictions where we operate could increase our tax liability and adversely impact our financial results
• Our collective bargaining agreements and our relationship with our union-represented employees could disrupt our ability to serve our customers, lead to higher labor costs or the payment of withdrawal liability

Filings

Other Industrials companies