Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

United Rentals

URI stock analysis · Industrials · Trading Companies & Distributors

FY 2025-12-31ANNUAL FILINGS
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ⓘ These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$1,132.89HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$71B

Price × SEC outstanding shares. Shares measured 2026-04-20. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

— Requires positive annual FCF, usable shares and discount rate above terminal growth.

Requires positive annual FCF, usable shares and discount rate above terminal growth.

How this is calculated ↗
Valuation

Reverse DCF

— No solution in −50% to +100% growth, or nonpositive FCF / invalid assumptions.

No solution in −50% to +100% growth, or nonpositive FCF / invalid assumptions.

How this is calculated ↗
Valuation

Relative valuation

11.3%

76 sector peers · median 31.7×

How this is calculated ↗
Valuation

Historical multiples

19.0×

7 annual observations · snapshot P/E 28.5× · 49.9% versus history

How this is calculated ↗
Valuation

Free cash flow yield

— Operating cash flow or capital expenditure is missing.

Operating cash flow or capital expenditure is missing.

How this is calculated ↗
Quality

ROIC / quality

14.1%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

— Requires three valuation yields and at least five covered sector peers.

Requires three valuation yields and at least five covered sector peers.

How this is calculated ↗
Momentum

12–1 price momentum

— Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

6.0%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

— Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-9.3%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

1.9%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 5.2B2020-12-31: cfo $2,658,000,000.002020-12-31: capex $197,000,000.0020202021-12-31: cfo $3,689,000,000.002021-12-31: capex $3,198,000,000.0020212022-12-31: cfo $4,433,000,000.002022-12-31: capex $3,690,000,000.0020222023-12-31: cfo $4,704,000,000.002023-12-31: capex $3,864,000,000.0020232024-12-31: cfo $4,546,000,000.002024-12-31: capex $4,130,000,000.0020242025-12-31: cfo $5,190,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%———
10.0%———
12.0%———

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3116.1B2.5B5.2B—29.9B
2024-12-3115.3B2.6B4.5B4.1B28.2B
2023-12-3114.3B2.4B4.7B3.9B25.6B
2022-12-312.5B2.1B4.4B3.7B24.2B
2021-12-312.3B1.4B3.7B3.2B20.3B
2020-12-312B890M2.7B197M17.9B
2019-12-312.1B1.2B3B218M19B
2018-12-318B1.1B2.9B185M18.1B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue16.1BRevenues
Reviewed fiscal 2023–2025 consolidated total revenue, including equipment leases. In 2025, $12,404m of lease revenue plus $3,695m of customer-contract revenue equals $16,099m; the contract tag alone is incomplete.
2026-01-28
netIncome2.5BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-01-28
Parent/common earnings proxy2.5BNetIncomeLoss2026-01-28
cfo5.2BNetCashProvidedByUsedInOperatingActivities2026-01-28
capex—Not reported under a supported tag—
operatingIncome4BOperatingIncomeLoss2026-01-28
assets29.9BAssets2026-01-28
equity9BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-01-28
Parent book equity proxy9BStockholdersEquity2026-01-28
debt14.3BLongTermDebt2026-01-28
shortDebt—Not reported under a supported tag—
cash459MCashAndCashEquivalentsAtCarryingValue2026-01-28
shares64.6MWeightedAverageNumberOfDilutedSharesOutstanding2026-01-28
dividends464MPaymentsOfDividends2026-01-28
buybacks2BPaymentsForRepurchaseOfCommonStock2026-01-28
issuance—Not reported under a supported tag—