United Rentals, Inc. income statement & cash flow
In the fiscal year ended Dec 31, 2025, United Rentals, Inc. reported net income of $2.49B on revenue of $16.10B. Operating cash flow was $5.19B.
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.76B | $6.64B | $8.05B | $9.35B | $8.53B | $9.72B | $11.64B | $14.33B | $15.35B | $16.10B |
| Gross profit | $2.40B | $2.77B | $3.36B | $3.67B | $3.18B | $3.85B | $5.00B | $5.81B | $6.15B | $6.14B |
| Operating income | $1.42B | $1.51B | $1.95B | $2.15B | $1.80B | $2.28B | $3.23B | $3.83B | $4.07B | $3.97B |
| Net income | $566.00M | $1.35B | $1.10B | $1.17B | $890.00M | $1.39B | $2.10B | $2.42B | $2.58B | $2.49B |
| Diluted EPS | $6.45 | $15.73 | $13.12 | $15.11 | $12.20 | $19.04 | $29.65 | $35.28 | $38.69 | $38.61 |
| Operating cash flow | $1.94B | $2.21B | $2.85B | $3.02B | $2.66B | $3.69B | $4.43B | $4.70B | $4.55B | $5.19B |
| Capital expenditures | $93.00M | $120.00M | $185.00M | $218.00M | $197.00M | — | — | — | — | — |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | 38.2% | 24.7% | 15.5% |
| Dec 2024 | 40.1% | 26.5% | 16.8% |
| Dec 2023 | 40.6% | 26.7% | 16.9% |
| Dec 2022 | 42.9% | 27.8% | 18.1% |
| Dec 2021 | 39.7% | 23.4% | 14.3% |
Source: SEC EDGAR XBRL company facts for CIK 1067701 (raw data). Most recent filing in this dataset: 10-Q filed Oct 21, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.