United Rentals (URI) stock
Industrials · Trading Companies & Distributors
United Rentals (URI) is a Trading Companies & Distributors company in the Industrials sector, headquartered in Stamford, Connecticut. As of October 23, 2026, URI closed at $1,098.88, a market capitalization of $68.40 billion, the 185th largest company in the S&P 500. Over the last twelve months it generated $17.50 billion in revenue (+16% year over year) and $632.00 million in free cash flow. The stock trades at 25.4x trailing earnings and 18.4x forward earnings.
- 1-year total return: +21.2% (dividends reinvested)
- 5-year return: +25.4% a year
- 52-week range: $701.59 – $1,179.18
- Gross margin 39.2%, operating margin 29.2%
- Dividend yield: 0.72%, 2 straight years of increases
- FI Handbook report card: B- across 10 metrics
- 32nd largest of 83 Industrials stocks in the S&P 500
URI price chart
1Y price change: +20.2% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| URI | +6.5% | +36.6% | +21.2% | +40.3% | +25.4% | +30.6% | +16.2% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1997.
URI key statistics
- Market cap
- $68.4B
- #185 in S&P 500
- P/E (TTM)
- 25.4x
- Forward P/E
- 18.4x
- EPS (TTM)
- $43.23
- Revenue (TTM)
- $17.5B
- +16%
- Free cash flow
- $632.0M
- Gross margin
- 39.2%
- Operating margin
- 29.2%
- Return on equity
- 30.6%
- Dividend yield
- 0.72%
- 52-week range
- $701.59 – $1,179
- Beta
- 1.83
- Price / sales
- 3.9x
- EV / EBITDA
- 16.6x
- Debt / equity
- 1.64x
- Employees
- 28,600
URI report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth15.7%B
- Gross margin39.2%C
- Operating margin29.2%B
- FCF margin3.6%D
- Return on equity30.6%A
- Net debt / EBITDA3.1xD
- Forward P/E18.4xB
- PEG ratio1.4xB
- Shareholder yield3.6%B
- Share count change / yr-2.4%A
United Rentals financials
Revenue went from $5.8B in fiscal 2016 to $3.7B in fiscal 2025, shrinking 4.8% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.8B | $6.6B | $8.0B | $2.1B | $2.0B | $2.3B | $2.5B | $3.4B | $3.6B | $3.7B |
| Gross profit | $2.4B | $2.8B | $3.4B | $3.7B | $3.2B | $3.9B | $5.0B | $5.8B | $6.2B | $6.1B |
| Operating income | $1.4B | $1.5B | $2.0B | $2.2B | $1.8B | $2.3B | $3.2B | $3.8B | $4.1B | $4.0B |
| Net income | $566.0M | $1.3B | $1.1B | $1.2B | $890.0M | $1.4B | $2.1B | $2.4B | $2.6B | $2.5B |
| EPS (diluted) | $6.45 | $15.73 | $13.12 | $15.11 | $12.20 | $19.04 | $29.65 | $35.28 | $38.69 | $38.61 |
| Free cash flow | $1.8B | $2.1B | $2.7B | $2.8B | $2.5B | $491.0M | $743.0M | $840.0M | $416.0M | — |
| Buybacks | $528.0M | $56.0M | $817.0M | $870.0M | $286.0M | $34.0M | $1.1B | $1.1B | $1.6B | $2.0B |
| Dividends paid | — | — | — | — | — | $0 | $0 | $406.0M | $434.0M | $464.0M |
| Diluted shares | 87.8M | 85.6M | 83.5M | 77.7M | 72.9M | 72.8M | 71.0M | 68.7M | 66.6M | 64.6M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into URI?
A reverse DCF asks what growth the current price requires. With an enterprise value of $84.1B and $632.0M of trailing free cash flow, United Rentals needs to grow free cash flow about 62.9% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -31.7% a year over the last five years.
P/E ratio history
Current 28.5x vs. median 19.0x (10th–90th percentile 9.8x–31.1x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
URI dividend
- Dividend yield
- 0.72%
- Annual dividend
- $7.88
- Years of increases
- 2
- 5-yr dividend growth
- —
- per year
- Payout ratio
- 17%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
URI analyst price targets
21 analysts' average 12-month target is $1,292 (+18% vs. $1,099). Targets range from $950.00 to $1,610. 73% rate it a buy.
URI earnings
Next report: January 27, 2027. United Rentals has beaten EPS estimates 3 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 21, 2026 | $14.03 | $15.55 | +10.8% |
| Jul 22, 2026 | $11.59 | $12.76 | +10.1% |
| Apr 22, 2026 | $8.94 | $9.71 | +8.6% |
| Jan 28, 2026 | $11.80 | $11.09 | -6.0% |
| Oct 22, 2025 | $12.29 | $11.70 | -4.8% |
| Jul 23, 2025 | $10.54 | $10.47 | -0.6% |
| Apr 23, 2025 | $8.81 | $8.86 | +0.5% |
| Jan 29, 2025 | $11.63 | $11.59 | -0.3% |
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URI news
- United Rentals (URI) Files Shelf Registration That Could Open New Funding Options · Oct 25, 2026
- URI Q3 deep dive: robust project demand and specialty growth drive raised outlook · Oct 23, 2026
- The top 5 analyst questions from United Rentals’s Q3 earnings call · Oct 23, 2026
- United Rentals: 3 Key Takeaways for Long-Term Investors · Oct 23, 2026
- United Rentals Q3 Earnings Call Highlights · Oct 23, 2026
URI stock FAQ
What is URI's market cap?
United Rentals's market capitalization is $68.40 billion as of October 23, 2026, ranking 185th in the S&P 500.
What is URI's P/E ratio?
URI trades at a trailing price-to-earnings ratio of 25.4x and a forward P/E of 18.4x. Its median P/E over the period we track is 19.0x.
Does URI pay a dividend?
Yes. United Rentals pays $7.88 per share a year, a 0.72% yield. It has raised its dividend 2 years in a row.
How much has URI stock returned?
Including reinvested dividends, URI returned +21.2% over one year, +25.4% a year over five years, +30.6% a year over ten years through October 23, 2026.
Is URI stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies United Rentals must grow free cash flow about 63% a year for the next decade. Its free cash flow fell 32% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the URI price target?
21 analysts cover URI with an average 12-month price target of $1,292.24, +18% from the current price. 73% of them rate it a buy.
When does URI report earnings?
United Rentals is expected to report earnings on January 27, 2027. It has beaten EPS estimates 3 quarters in a row.
How many employees does United Rentals have?
United Rentals has about 28,600 full-time employees, or $611,748 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology