Is the business good?
How good a business is URI?
United Rentals earns 14% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
14%
Return on invested capital · cost of capital 9.0% · 5.1 points above what the capital costs: growth creates value
- Operating margin
- 25%
Operating margin · Rental & Leasing Services median 7.9% · 12 months to Q1 2026
- Share count, year on year
- −3.7%
Share count, year on year · bought back, each share owns more of the company
- Gross margin
- 38%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 21% |
| FY2021 | 23% |
| FY2022 | 28% |
| FY2023 | 27% |
| FY2024 | 26% |
| FY2025 | 25% |
Details›
- Gross margin12 months to Q1 2026
- 38%
- Operating margin12 months to Q1 2026
- 25%
- Net margin12 months to Q1 2026
- 15%
- Revenue, trailing twelve months
- $16.4B
- Net income, trailing twelve months
- $2.51B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 14%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Rental & Leasing Services
Ranks #3 of 15 by Smart Score