URIUnited Rentals

Industrials · Equipment Rental · NYSE

United Rentals is the largest equipment rental company in the world, operates throughout the United States and Canada, and has a smaller presence in Europe, Australia and New Zealand. 10-K, Item 1

Employees: 1,800
Headquarters: Stamford, CT
Next results: around Jan 27, 2027

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Key numbers

Latest fiscal year, with ten years behind each

RevenueFY2016–25 $16.1B+4.9% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $2.5B−3.1% FY2024: $2.6B 10-K FY2025 · XBRL Operating marginFY2016–25 24.7%−1.8 pts 24.6% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Jan 28, 2026 against Jan 29, 2025

Area	What changed	Source
Risk factors	8 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Inventory growing faster than revenue	Inventory +20.0% vs revenue +4.9% (+15.1 pts)	10-K · XBRL
Accounting checks	10 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	4 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Jan 28, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-01-29. Quoted as filed.

We rely on borrowings under the ABL facility and the accounts receivable securitization facility to provide funds to operate our business and make capital expenditures, and our business would be adversely affected if those facilities are not available to be drawn, or amounts available to be drawn are reduced.
10-K, Item 1A

All 8 new paragraphs →

Accounting checks

latest 10-K

10 of 11 clear 1 worth a look. Checks, not verdicts.

!
Inventory growing faster than revenueInventory +20.0% vs revenue +4.9% (+15.1 pts)
✓
Receivables +6.5% vs revenue +4.9% (+1.6 pts)
✓
Cash from operations $5.2B vs net income $2.5B (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: Ernst & Young LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Valuation of Goodwill
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 29, 20268-K Material agreement signed, Material agreement ended, New debt or obligation, Other events 8-K items 1.01, 1.02, 2.03, 8.01
Oct 23, 2026Offering Shelf registration: shares and other securities, amount not fixed S-3ASR · from time to time, offer and sell common stock, preferred stock and warrants.
Oct 21, 20268-K Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01
Oct 21, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026

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