Filing Flows › United Rentals (URI) › Q3 2026 › vs Q3 2025
United Rentals (URI) Q3 2026 vs Q3 2025 (year over year)
United Rentals's revenue rose $664M (+16%) from $4.2B in Q3 2025 to $4.9B in Q3 2026. The biggest changes: Equipment rentals +$651M (+18%); Sales of rental equipment +$15.0M (+5%); Sales of new equipment −$11.0M (-12%). Gross margin 41.8% against 39.4% (+2.4 pts).
United Rentals, Q3 2026: revenue $4.9B (+16% year over year), operating margin 28.8%, net earnings $920M, operating cash flow $1.6B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 41.8% | 39.4% | +2.4 pts |
| Operating margin | 28.8% | 26.3% | +2.5 pts |
| Net margin | 18.8% | 16.6% | +2.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Owned equipment rentals | $3.3B | $2.9B | $379M | +13% |
| Other | $495M | $342M | $153M | +45% |
| Delivery and pick-up | $376M | $313M | $63.0M | +20% |
| Re-rent revenue | $129M | $73.0M | $56.0M | +77% |
| Equipment rentals | $4.3B | $3.7B | $651M | +18% |
| Sales of rental equipment | $348M | $333M | $15.0M | +5% |
| Service and other revenues | $98.0M | $93.0M | $5.0M | +5% |
| Sales of new equipment | $84.0M | $95.0M | −$11.0M | -12% |
| Contractor supplies sales | $47.0M | $43.0M | $4.0M | +9% |
| Revenue | $4.9B | $4.2B | $664M | +16% |
| Gross profit | $2.0B | $1.7B | $381M | +23% |
| Cost of revenue | $2.8B | $2.6B | $283M | +11% |
| Operating profit | $1.4B | $1.1B | $295M | +26% |
| Operating expenses | $637M | $551M | $86.0M | +16% |
| Pre-tax earnings | $1.2B | $937M | $294M | +31% |
| Other expense, net | $178M | $177M | $1.0M | +0.6% |
| SG&A | $511M | $442M | $69.0M | +16% |
| Other operating costs | $126M | $109M | $17.0M | +16% |
| Net earnings | $920M | $701M | $219M | +31% |
| Income tax | $311M | $236M | $75.0M | +32% |
| Depreciation & amortization | $111M | $109M | $2.0M | +2% |
| Share-based compensation | $43.0M | $32.0M | $11.0M | +34% |
| Working capital & other | $555M | $339M | $216M | +64% |
| Operating cash flow | $1.6B | $1.2B | $448M | +38% |
| Capital expenditures | $1.9B | $1.6B | $353M | +22% |
| Negative free cash flow (OCF − capex) | $301M | $396M | −$95.0M | -24% |
Questions
How much did United Rentals's revenue grow year over year in Q3 2026?
United Rentals's revenue rose $664M (+16%) from $4.2B in Q3 2025 to $4.9B in Q3 2026.
What drove United Rentals's revenue change in Q3 2026?
Equipment rentals +$651M (+18%); Sales of rental equipment +$15.0M (+5%); Sales of new equipment −$11.0M (-12%).