United Rentals (URI) Q4 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

United Rentals delivered a mixed fourth quarter for fiscal 2025, posting revenue that cleared Wall Street expectations while earnings fell short of the mark. The world's largest equipment rental company reported Q4 revenue of $4.21 billion, up 2.8% y… Read more United Rentals delivered a mixed fourth quarter for fiscal 2025, posting revenue that cleared Wall Street expectations while earnings fell short of the mark. The world's largest equipment rental company reported Q4 revenue of $4.21 billion, up 2.8% year-over-year and well ahead of the $3.90 billion consensus estimate, yet adjusted EPS of $11.09 missed the $11.80 analyst forecast by 6.05%, underscoring the margin pressure that defined the period. The shortfall traced most directly to cost headwinds in the specialty rentals segment, where depreciation from the matting business and fleet repositioning expenses drove rental gross margin down 520 basis points to 40.3%, even as specialty revenue grew a robust 9.2%. Net income fell 5.2% to $653 million, with the margin contracting 130 basis points to 15.5%. A director's open-market stock purchase following the results offered a quiet vote of confidence. Looking ahead, management guided 2026 total revenue of $16.80 billion to $17.30 billion, with a new $5.00 billion buyback authorization and a 10% dividend increase signaling continued shareholder returns.