Filing Flows › United Rentals (URI) › How it makes money
How United Rentals (URI) makes money
United Rentals (URI) made $4.9B of revenue in the third quarter 2026 (Q3 2026), +16% from a year earlier. Equipment rentals brought in $4.3B (88%); Sales of rental equipment brought in $348M (7%); Service and other revenues brought in $98.0M (2%). Of every dollar of revenue, 42¢ was left as gross profit, 29¢ was left as operating profit, 19¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Equipment rentals | $4.3B | 88.2% | — | +18% |
| ↳ Owned equipment rentals | $3.3B | 67.8% | — | +13% |
| ↳ Other | $495M | 10.1% | — | +45% |
| ↳ Delivery and pick-up | $376M | 7.7% | — | +20% |
| ↳ Re-rent revenue | $129M | 2.6% | — | +77% |
| Sales of rental equipment | $348M | 7.1% | — | +5% |
| Service and other revenues | $98.0M | 2.0% | — | +5% |
| Sales of new equipment | $84.0M | 1.7% | — | -12% |
| Contractor supplies sales | $47.0M | 1.0% | — | +9% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $4.9B | 100.0% |
| Cost of revenue | $2.8B | 58.2% |
| Gross profit | $2.0B | 41.8% |
| Operating expenses | $637M | 13.0% |
| Operating profit | $1.4B | 28.8% |
| Income tax | $311M | 6.4% |
| Net earnings | $920M | 18.8% |
| Operating cash flow | $1.6B | 33.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $4.9B | +16% |
| Q2 2026 | $4.4B | +12% |
| Q1 2026 | $4.0B | +7% |
| Q4 2025 | $4.2B | +3% |
| Q3 2025 | $4.2B | +6% |
| Q2 2025 | $3.9B | +4% |
| Q4 2024 | $4.1B | +10% |
From United Rentals' 10-Q filed Oct 21, 2026 (on EDGAR).
Questions
How does United Rentals make money?
United Rentals (URI) made $4.9B of revenue in the third quarter 2026 (Q3 2026), +16% from a year earlier. Equipment rentals brought in $4.3B (88%); Sales of rental equipment brought in $348M (7%); Service and other revenues brought in $98.0M (2%). Of every dollar of revenue, 42¢ was left as gross profit, 29¢ was left as operating profit, 19¢ was left as net earnings.
What is United Rentals' biggest business?
Equipment rentals: $4.3B in the third quarter 2026, 88% of revenue, +18% from a year earlier.
What is United Rentals' profit margin?
Net earnings were $920M, 18.8% of revenue, in the third quarter 2026; the operating margin was 28.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.