Operating Income for United Rentals (URI)
According to United Rentals's latest reported financial statements, the company's current operating income (TTM) is $4.04B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$4.04B
YoY change
-2.3%
5Y CAGR
+16.5%
Peak year (2024)
$4.07B
Cumulative operating income
$36.85B
Operating Income history chart for United Rentals (URI) from 1998 to 2025
Operating Income history table for United Rentals (URI) from 1998 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $3.97B | -2.3% | ||
| 2024 | $4.07B | +5.5% | ||
| 2023 | $3.85B | +19.3% | ||
| 2022 | $3.23B | +40.8% | ||
| 2021 | $2.30B | +23.9% | ||
| 2020 | $1.85B | -14.6% | ||
| 2019 | $2.17B | +7.6% | ||
| 2018 | $2.02B | +24.2% | ||
| 2017 | $1.63B | +11.5% | ||
| 2016 | $1.46B | -5.0% | ||
| 2015 | $1.53B | +6.4% | ||
| 2014 | $1.44B | +26.4% | ||
| 2013 | $1.14B | +35.7% | ||
| 2012 | $841.00M | +82.4% | ||
| 2011 | $461.00M | +92.1% | ||
| 2010 | $240.00M | +65.5% | ||
| 2009 | $145.00M | -72.5% | ||
| 2008 | $528.00M | -19.9% | ||
| 2007 | $659.00M | +5.3% | ||
| 2006 | $626.00M | +19.5% | ||
| 2005 | $524.00M | +32.7% | ||
| 2004 | $395.00M | +908.8% | ||
| 2003 | $39.16M | -65.0% | ||
| 2002 | $111.88M | -75.8% | ||
| 2001 | $462.03M | -15.7% | ||
| 2000 | $547.94M | +33.8% | ||
| 1999 | $409.40M | +112.5% | ||
| 1998 | $192.70M | — |
Operating Income values are taken from United Rentals's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, United Rentals (URI) operating income totalled $3.97B – edged down 2.3% year-over-year.
United Rentals operating income has recorded the values shown across consecutive periods, with a +16.5% compound annual growth rate over 2020–2025 (5 years).
United Rentals operating income peaked at $4.07B in 2024; the latest annual figure is $3.97B in 2025 (2.3% below peak).
$4.07B stands as the all-time-high annual operating income, posted in 2024, against a low of $39.16M during 2003.
Within Industrials, United Rentals (URI) ranks 8th among 8 peers we track. The peer median for operating income is $8.59B.
United Rentals Operating Income by Year
United Rentals Operating Income 2025: $3.97B
United Rentals operating income in 2025 was $3.97B, edged down 2.3% below 2024.
United Rentals Operating Income 2024: $4.07B
United Rentals operating income in 2024 was $4.07B, grew 5.5% from 2023. This figure represents the highest annual value in the available history.
United Rentals Operating Income 2023: $3.85B
United Rentals operating income in 2023 was $3.85B, grew 19.3% from 2022.
United Rentals Operating Income 2022: $3.23B
United Rentals operating income in 2022 was $3.23B, surged 40.8% from 2021.
United Rentals Operating Income 2021: $2.30B
United Rentals operating income in 2021 was $2.30B.
See more financial history for United Rentals (URI).
Sector peers — Operating Income
Companies in the same sector as United Rentals, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $11.21B | Industrials |
| Union Pacific Corporation (UNP) | $9.84B | Industrials |
| RTX Corporation (RTX) | $8.89B | Industrials |
| GE Aerospace (GE) | $8.77B | Industrials |
| Deere & Company (DE) | $8.42B | Industrials |
| Honeywell International Inc. (HON) | $6.57B | Industrials |
| Eaton Corporation plc (ETN) | $5.23B | Industrials |
| The Boeing Company (BA) | -$5.42B | Industrials |
Frequently asked questions
What is United Rentals's operating income?
- Latest reported operating income for United Rentals (URI) is $4.04B (period ending March 31, 2026).
How has United Rentals operating income changed year-over-year?
- United Rentals (URI) operating income changed -2.3% year-over-year on the latest annual filing.
What is the long-term growth rate of United Rentals operating income?
- United Rentals (URI) operating income compound annual growth rate is +16.5% over the most recent 5 years available.
When did United Rentals operating income hit its highest annual value?
- United Rentals operating income reached its highest annual value of $4.07B in 2024.
What was United Rentals operating income in 2024?
- United Rentals (URI) operating income in 2024 was $4.07B.
What was United Rentals operating income in 2025?
- United Rentals (URI) operating income in 2025 was $3.97B.
Metrics overview
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