The financials
United Rentals by the numbers
United Rentals (URI) reported revenue of $3.98B in Q1 2026 (quarter ended March 31, 2026), up 7.2% from the same quarter a year earlier. That came with a gross margin of 37% and net income of $531M (13% of revenue). For the full year FY2025, revenue was $16.1B (+4.9% year on year) and net income $2.49B. Its largest product in 2026-Q1 was Owned Equipment Rentals at $2.69B, 66% of the disclosed total, just ahead of Ancillaryand Other Rental at 9.0%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $3.98B | $3.72B | +7.2% |
| Gross profit | $1.47B | $1.36B | +8.3% |
| Operating income | $869M | $804M | +8.1% |
| Net income | $531M | $518M | +2.5% |
| Diluted EPS | $8.43 | $7.91 | +6.6% |
| Product | Revenue | Share |
|---|---|---|
| Owned Equipment Rentals | $2.69B | 66% |
| Ancillaryand Other Rental | $363M | 9.0% |
| Rental Equipment | $350M | 8.6% |
| Delivery And Pick Up | $274M | 6.8% |
| Serviceand Other | $92M | 2.3% |
| Other Rental | $89M | 2.2% |
| New Equipment | $84M | 2.1% |
| Rerent | $78M | 1.9% |
| Contractor Supplies | $40M | 1.0% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $4.05B (-6.2%)
Other Rental grew +33% year on yearRental Equipment -7.2% year on year
Segment Latestquarter on quarteryear on year
- Owned Equipment Rentals$2.69B$2.69BQoQ -8.6%year on year +6.5%-8.6%+6.5%
- Ancillary and Other Rental$363.0M$363.0MQoQ -2.9%year on year +14%-2.9%+14%
- Rental Equipment$350.0M$350.0MQoQ +5.1%year on year -7.2%+5.1%-7.2%
- Delivery And Pick Up$274.0M$274.0MQoQ -12%year on year +8.7%-12%+8.7%
- Service and Other$92.0M$92.0MQoQ -1.1%year on year +1.1%-1.1%+1.1%
- Other Rental$89.0M$89.0MQoQ +46%year on year +33%+46%+33%
- New Equipment$84.0M$84.0MQoQ -12%year on year +20%-12%+20%
- Rerent$78.0M$78.0MQoQ +6.8%year on year +24%+6.8%+24%
- Contractor Supplies$40.0M$40.0MQoQ -7.0%year on year +11%-7.0%+11%
Rental & Leasing Services
Ranks #3 of 15 by Smart Score