United Rentals, Inc.

United Rentals, Inc.

URI

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Market Cap$67.18B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
United Rentals, Inc.United Rentals, Inc.260.7%29%4.11.7

Earnings Call Q2 2026

July 23, 2026 - AI Summary

Q2 performance strong; all-time records - Total revenue +$12% YoY to $4.4B; rental revenue +~13% to $3.8B (record). - OER +9% YoY, helped by fleet productivity +3.4% and avg fleet size +7.1%, partially offset by assumed fleet inflation ~1.5%. - Adjusted EBITDA just over $2B, margin 46.6%; adjusted EPS $12.76, +22% YoY (record). - Used equipment (OEC) sales: $624M, 53% recovery rate, $330M proceeds (adj. margin 47.3%).
Specialty and large-project demand are key upside drivers (and look durable into H2) - Specialty rental revenue +25% YoY (includes 11 cold starts), with growth across all lines. - End-market strength: construction strong (esp. non-residential + infrastructure), power > double digits, metals & minerals healthy; activity seen in hospitals, airports, LNG terminals, plus continuing data center growth. - Unexpectedly strong demand/visibility into H2 led management to raise guidance and emphasize they’re not chasing last-wave revenue—they believe the pipeline persists.
Guidance raised for 2026 (forecasts + what changed) - Total revenue outlook: $17.5B–$17.8B (midpoint ~+10% growth); raised by ~$500M vs prior guidance. - Adjusted EBITDA outlook: $7.975B–$8.125B (raised by ~$300M), targeting flat margins YoY. - Used sales outlook: still ~$1.45B (unchanged). - Gross rental CapEx outlook: raised +$450M to $4.85B–$5.25B due to historically high time utilizations (needed to support demand); implies net CapEx $3.4B–$3.8B. - Free cash flow outlook: reaffirmed $2.15B–$2.45B (strong cash generation despite higher CapEx). - Management again expects execution discipline: raising fleet to meet demand but balancing capital efficiency.

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$1183.90

Target Price by Analysts

9.7% upsideUnited Rentals Target Price DetailsTarget Price
$-124.14

Current Fair Value

111.5% downside

Overvalued by 111.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$67.18 Billion
Enterprise Value$82.45 Billion
Dividend Yield$7.52 (0.70%)
Earnings per Share$38.71
Beta1.79
Outstanding Shares63,400,000

Return

Return on Equity28.60%ROE
Return on Assets8.42%
Return on Invested Capital15.88%

Valuation & Multiples

P/E Ratio26.03P/E Ratio
PEG123.6PEG
Price to Sales4.07Price to Sales
Price to Book Ratio7.44Price to Book Ratio
Enterprise Value to Revenue4.9
Enterprise Value to EBIT19.51
Enterprise Value to Net Income31
Total Debt to Enterprise0.19
Debt to Equity1.67Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 22, 2026
EPS Estimate
$11.61
Average shareholder expectation
Revenue Estimate
$4.22 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 28, 2026
EPS Estimate
$13.86
Average shareholder expectation
Revenue Estimate
$4.69 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.9318▼ 12.28%
Total Calls4,400▼ 99.45%
Total Puts4,100▼ 99.52%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %5.39%▼ 83.61%
Total Invested$3.85B▼ 90.76%
Investors Holding687▼ 830.00%

ESG Score

No data

About United Rentals, Inc.

18,800 employees
CEO: Matthew Flannery

United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,169 rental locations in North America and 11 in Europe. In North America, the company operates in 49 states and every C...

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation. Its work directly shapes corporate tax structures and investment credits, which are critical for United Rentals, a capital-intensive company constantly investing in its equipment fleet.

Finance

This powerful committee controls taxation and trade policy. Changes in corporate tax rates, depreciation rules, investment tax credits, or tariffs on imported equipment directly and significantly impact United Rentals' profitability, capital expenditure decisions, and overall valuation.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees determine the precise funding for infrastructure, military construction, and other federal projects, directly translating into demand for United Rentals' equipment.

Banking, Housing, and Urban Affairs

This committee regulates the financial system and HUD. Its influence on real estate markets (housing and urban development) directly impacts construction activity, a primary driver for United Rentals' demand. It also affects credit availability and interest rates for URI's own financing and its customers.

Environment and Public Works

This committee directly impacts the 'infrastructure super-cycle' through federal highway programs and environmental regulations. This directly drives demand for United Rentals' equipment for construction, public works projects, and associated environmental compliance.