AI-extracted from the 10-Q filed 2026-10-21 — Q3 2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
United Rentals Q3 revenue reached $4.9B (+15.7% YoY) driven by 17.8% equipment rental growth from fleet expansion and strong demand.
Biggest Revenue Drivers
Equipment rentals$4,316M+17.8% YoY
7.9% increase in average original equipment cost, 6.5% fleet productivity growth, and 4.9% contribution from ancillary and re-rent revenue.
Sales of rental equipment$348M+4.5% YoY
Biggest Revenue Drivers
Total revenue: $4.9B+15.7% YoY
Equipment rentals$4,316M+17.8% YoY
7.9% increase in average original equipment cost, 6.5% fleet productivity growth, and 4.9% contribution from ancillary and re-rent revenue.
Within Equipment rentals
General Rentals segment$3,065M+8.4% YoY
Increased average OEC, strong demand, and increased ancillary and re-rent revenues.
Sales of rental equipment$348M+4.5% YoY
Largest Expense Items
Depreciation of rental equipment$742M+8.5% YoY
Cost of equipment rentals, excluding depreciation$1,760M+15.0% YoY
Labor, repairs, maintenance, and delivery costs.
Selling, general and administrative expenses$511M+15.6% YoY
Margins: Equipment rentals gross margin expanded 240 basis points to 42.0%, primarily from efficiencies in depreciation, labor, repairs, maintenance and delivery expenses, partially offset by lower-margin ancillary and re-rent revenue mix.
Watch Items from the Filing
Total debt of $14.7B at September 30, 2026; variable rate debt of $4.5B exposed to interest rate risk, with 4.8% weighted-average rate. Each 1% rate increase would reduce after-tax earnings by ~$34M annually.
Restructuring charges of $15M in Q3 2026 ($66M YTD) from a 2026 cost-saving program expected to total up to $75M, including branch closures and severance.
Largest customer represents less than 1% of revenues; largest accounts receivable concentration at 2% of receivables, indicating well-diversified customer base.
Credit ratings improved with Moody's changing outlook to positive and S&P upgrading to BBB-/stable; available liquidity of $2.6B as of September 30, 2026.
Nine months YTD includes $53M gain from sale of scaffolding business and $39M after-tax benefit; adjusted EBITDA margin expanded 70 bps YoY to 46.3%.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Heuer Brandt Julie MReporting ownerGrant or award · May 8, 2026
De Shon Larry DReporting ownerGrant or award · May 8, 2026
Jones Kim HarrisReporting ownerGrant or award · May 8, 2026
Kelly Terri L.Reporting ownerGrant or award · May 8, 2026
Lopez-Balboa Francisco JReporting ownerGrant or award · May 8, 2026
Martore Gracia CReporting ownerGrant or award · May 8, 2026
Singh ShivReporting ownerGrant or award · May 8, 2026
Congress trading in URI
29 transactions in URI reported by 8 members of Congress under the STOCK Act, most recent trade Sep 24, 2026. Reported transactions, not recommendations.
About UNITED RENTALS, INC. (URI): stock profile, AI score and financials
UNITED RENTALS, INC. (URI) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores URI at 68.7/100 on a composite quality score built from its SEC filings, placing it at rank #287 of 2,925 stocks — the top 10% of the AI-ranked universe. URI scores in the top quartile across revenue scale (91.3), balance sheet strength (83.6). Based on the latest XBRL financial filings (Q3 2026), UNITED RENTALS, INC. reports quarterly revenue of $4.9B, net income of $920.0M, an operating margin of 28.8%. Top institutional holders of URI by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. URI trades on the NYSE exchange and files with the SEC under CIK 1067701. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate URI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for UNITED RENTALS, INC. directly from SEC EDGAR.