How does United Rentals (URI) make money?

United Rentals (URI) generates revenue primarily from Owned Equipment Rentals, which accounted for 68.1% of total revenue in TTM through Q2 2026. The company reported $16.8B in revenue and converted 15.7% of it into net profit, equivalent to roughly $2.64B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of United Rentals (URI)?

United Rentals (URI) reported a gross profit margin of 37.1% in TTM through Q2 2026, equivalent to $6.24B in gross profit on $16.8B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of United Rentals (URI)?

United Rentals (URI) reported an operating profit margin of 24.8% in TTM through Q2 2026, equivalent to $4.17B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of United Rentals (URI)?

United Rentals (URI) reported a net profit margin of 15.7% in TTM through Q2 2026, equivalent to $2.64B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is United Rentals (URI) profitable?

Yes. United Rentals (URI) reported $2.64B in net income for TTM through Q2 2026, with a net profit margin of 15.7%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does United Rentals (URI) spend on capital expenditures?

United Rentals (URI) spent $5.11B on capital expenditures (CapEx) during TTM through Q2 2026, roughly 30.4% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does United Rentals (URI) generate?

United Rentals (URI) generated $632M in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 3.8%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of United Rentals (URI)?

United Rentals (URI) had an effective tax rate of 25% in TTM through Q2 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of United Rentals (URI)?

United Rentals (URI) reports revenue across 7 reportable product segments, led by Owned Equipment Rentals at 68.1% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How United Rentals Makes Money: 2026 Visual Revenue Map

United Rentals (URI) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 22, 2026).

United Rentals discloses geographic revenue only in annual filings. to view the full breakdown.

United Rentals (URI) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for United Rentals (URI), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Owned Equipment Rentals	$11.5B	68.1%
Ancillary and Other Rental Revenue	$2.74B	16.3%
Rental Equipment	$1.4B	8.3%
Service and Other Revenues	$376M	2.2%
New Equipment	$373M	2.2%
Re-rent Revenue	$318M	1.9%
Contractor Supplies	$170M	1%
Total	$16.8B	100%

Owned Equipment Rentals$11.5B
Ancillary and Other Rental Revenue$2.74B
Rental Equipment$1.4B
Service and Other Revenues$376M
New Equipment$373M
Re-rent Revenue$318M
Contractor Supplies$170M
Total$16.8B

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, United Rentals (URI) reports revenue across 7 reportable product segments; the largest segment was Owned Equipment Rentals at 68.1%, followed by Ancillary and Other Rental Revenue (16.3%) and Rental Equipment (8.3%).

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