United Rentals URI
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
Where each dollar of revenue went, FY2025
Revenue of $16.1B through the costs to a net profit of $2.5B · income statement of the 10-K
URI among Industrials peers
Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.
What changed
8 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Jan 28, 2026 against Jan 29, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
11 checks on the latest 10-K. Checks, not verdicts.
1fact worth reading about the other 10 checks found nothing to note
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Inventory growing faster than revenueInventory +20.0% vs revenue +4.9% (+15.1 pts)
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Receivables +6.5% vs revenue +4.9% (+1.6 pts)
9 more checks with nothing to note
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Cash from operations $5.2B vs net income $2.5B (FY ending Dec 31, 2025)
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Same auditor in both 10-Ks: Ernst & Young LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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The same matters as last year: Valuation of Goodwill
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
8 paragraphs in Risk Factors that were not in the 10-K filed Jan 29, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Jan 29, 2025 10-K, ITEM 1A
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.
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Item 1A · new paragraph · not in the 10-K filed Jan 29, 2025 10-K, ITEM 1A
In April 2025, our Board of Directors authorized a $1.5 billion share repurchase program, and repurchases under this program began in April 2025. Subsequent to the enactment of the new federal tax legislation discussed below (see note 13 to the consolidated financial statements) in July 2025, and with consideration of the expected cash…
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Item 1A · new paragraph · not in the 10-K filed Jan 29, 2025 10-K, ITEM 1A
We collect, use, process, and store proprietary information and personal, sensitive, or confidential data relating to our business, customers, and employees. Privacy laws and similar regulations in many jurisdictions where we do business require that we take significant steps to safeguard that information, and these laws and regulations…
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Item 1A · new paragraph · not in the 10-K filed Jan 29, 2025 10-K, ITEM 1A
We may fail to respond adequately to changes in technology and customer demands, which could adversely affect our results of operation, financial condition and cash flows. In recent years, our industry and end-markets have been characterized by rapid changes in technology and customer demands. Our ability to continually improve our…
New risk paragraphs, against peers
Latest 10-K of each, Industrials companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $11.6B | $14.3B | $15.3B | $16.1B |
| Net income | $2.1B | $2.4B | $2.6B | $2.5B |
| Operating cash flow | $4.4B | $4.7B | $4.5B | $5.2B |
| Free cash flow | $743.0M | $840.0M | $416.0M |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$16.1B ▲ 4.9% in FY2025$2.5B ▼ 3.1% in FY2025
Recent filings
4 filings in the last 30 days · SEC EDGAR
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8-KOct 29, 2026Material agreement signed, Material agreement ended, New debt or obligation, Other events 8-K items 1.01, 1.02, 2.03, 8.01
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OfferingOct 23, 2026Shelf registration: shares and other securities, amount not fixed S-3ASR · from time to time, offer and sell common stock, preferred stock and warrants.
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8-KOct 21, 2026Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01
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10-QOct 21, 2026Quarterly report (10-Q) period ended Sep 30, 2026
About the company
United Rentals, Stamford, CT · from the 10-K filed Jan 28, 2026
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. The table below presents key information about our business as of and for the years ended December 31, 2025 and 2024. Our business is discussed in more detail below. The data below should be read in conjunction with, and is qualified by reference to, our Management’s Discussion and Analysis and our consolidated financial statements and notes thereto contained elsewhere in this report.
- Headquarters
- Stamford, CT
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Oct 21, 2026
- Incorporated in
- DE
Employees, at the top of the page: "We currently have approximately 1,800 employees who are represented by unions and covered by collective bargaining agreements and approximately 26,700 employees who are not represented by unions" (10-K). Address and exchange: SEC's company file.
Email alerts
Sources
The 10-K filed Jan 28, 2026 (open at SEC), compared with the 10-K filed Jan 29, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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