United Rentals Q2 FY25: where the revenue came from and where it went
The whole income statement of United Rentals for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Jul 23, 2025
Revenue$3.94B
+5% year over year
Gross profit$1.53B
39% margin
Operating profit$1.00B
25% margin
Net profit$0.62B
16% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 3.94 | 100% | +5% |
| Owned equipment rentals | 2.75 | 70% | +5% |
| Rental equipment | 0.32 | 8% | −13% |
| Other rental | 0.32 | 8% | +10% |
| Delivery & pick up | 0.29 | 7% | +10% |
| Service & other | 0.10 | 2% | +6% |
| New equipment | 0.08 | 2% | +23% |
| Rerent | 0.06 | 2% | +3% |
| Contractor supplies | 0.04 | 1% | −2% |
| Cost of revenue | −2.41 | 61% | |
| Gross profit | 1.53 | 39% margin | −1pp |
| SG&A | −0.42 | 10% | +0pp |
| Other | −0.11 | 3% | +0pp |
| Operating profit | 1.00 | 25% margin | −1pp |
| Interest & other costs | −0.16 | ||
| Tax | −0.22 | ||
| Net profit | 0.62 | 16% margin | −1pp |
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