United Rentals Q3 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
- Jul 1 – Sep 30, 2025
- Reported
- Oct 22, 2025
Revenue$4.23B
+6% year over year
Gross profit$1.67B
39% margin
Operating profit$1.11B
26% margin
Net profit$0.70B
17% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 4.23 | 100% | +6% |
| Owned equipment rentals | 2.94 | 70% | +5% |
| Other rental | 0.34 | 8% | +18% |
| Rental equipment | 0.33 | 8% | +4% |
| Delivery & pick up | 0.31 | 7% | +5% |
| New equipment | 0.10 | 2% | +23% |
| Service & other | 0.09 | 2% | +0% |
| Rerent | 0.07 | 2% | +3% |
| Contractor supplies | 0.04 | 1% | +13% |
| Cost of revenue | −2.56 | 61% | |
| Gross profit | 1.67 | 39% margin | −2pp |
| SG&A | −0.44 | 10% | +0pp |
| Other | −0.11 | 3% | +0pp |
| Operating profit | 1.11 | 26% margin | −2pp |
| Interest & other costs | −0.18 | ||
| Tax | −0.24 | ||
| Net profit | 0.70 | 17% margin | −1pp |
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