United Rentals, Inc.
Income Statement
| Line Item | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.99B | $4.21B | $4.23B | $3.94B | $3.72B | $4.10B | $3.99B | $3.77B |
| Cost of Revenue | $2.52B | $2.62B | $2.56B | $2.41B | $2.36B | $2.46B | $2.34B | $2.26B |
| Gross Profit | $1.47B | $1.59B | $1.67B | $1.53B | $1.36B | $1.64B | $1.65B | $1.52B |
| Gross Margin | 36.9% | 37.8% | 39.4% | 38.9% | 36.5% | 40.0% | 41.3% | 40.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $441.0M | $431.0M | $442.0M | $422.0M | $437.0M | $436.0M | $416.0M | $404.0M |
| Operating Income | $869.0M | $1.05B | $1.11B | $1.00B | $804.0M | $1.09B | $1.12B | $1.00B |
| Operating Margin | 21.8% | 25.0% | 26.3% | 25.4% | 21.6% | 26.5% | 28.1% | 26.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $701.0M | $874.0M | $937.0M | $839.0M | $688.0M | $909.0M | $949.0M | $835.0M |
| Income Tax Expense | $170.0M | $221.0M | $236.0M | $217.0M | $170.0M | $220.0M | $241.0M | $199.0M |
| Net Income | $531.0M | $653.0M | $701.0M | $622.0M | $518.0M | $689.0M | $708.0M | $636.0M |
| Net Margin | 13.3% | 15.5% | 16.6% | 15.8% | 13.9% | 16.8% | 17.7% | 16.9% |
| EPS (Basic) | $8.44 | $10.30 | $10.93 | $9.59 | $7.92 | $10.50 | $10.73 | $9.56 |
| EPS (Diluted) | $8.43 | $10.27 | $10.91 | $9.59 | $7.91 | $10.47 | $10.70 | $9.54 |
| Shares Outstanding (Basic) | 62.9M | 64.4M | 64.2M | 64.9M | 65.3M | 66.3M | 66.0M | 66.6M |
| Shares Outstanding (Diluted) | 63.0M | 64.6M | 64.3M | 64.9M | 65.4M | 66.6M | 66.2M | 66.7M |
| Dividends Per Share | $1.97 | $1.79 | $1.79 | $1.79 | $1.79 | $1.63 | $1.63 | $1.63 |