How does United Rentals (URI) make money?

United Rentals (URI) generates revenue primarily from Owned Equipment Rentals, which accounted for 68.5% of total revenue in TTM through Q1 2026. The company reported $16.36B in revenue and converted 15.3% of it into net profit, equivalent to roughly $2.51B 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 36.3% in TTM through Q1 2026, equivalent to $5.93B in gross profit on $16.36B 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 24.7% in TTM through Q1 2026, equivalent to $4.04B 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 15.3% in TTM through Q1 2026, equivalent to $2.51B 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 $2.51B in net income for TTM through Q1 2026, with a net profit margin of 15.3%. 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 $4.62B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 28.2% 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 $663.00M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 4.1%. 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 25.2% in TTM through Q1 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 68.5% of total revenue in TTM through Q1 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 Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 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 Q1 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) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Owned Equipment Rentals	$11.21B	68.5%
Ancillary and Other Rental Revenue	$2.58B	15.8%
Rental Equipment	$1.39B	8.5%
Service and Other Revenues	$370.00M	2.3%
New Equipment	$362.00M	2.2%
Re-rent Revenue	$290.00M	1.8%
Contractor Supplies	$167.00M	1%
Total	$16.36B	100%

Owned Equipment Rentals$11.21B
Ancillary and Other Rental Revenue$2.58B
Rental Equipment$1.39B
Service and Other Revenues$370.00M
New Equipment$362.00M
Re-rent Revenue$290.00M
Contractor Supplies$167.00M
Total$16.36B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, United Rentals (URI) reports revenue across 7 operating segments; the largest segment was Owned Equipment Rentals at 68.5%, followed by Ancillary and Other Rental Revenue (15.8%) and Rental Equipment (8.5%).

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