URI · Q3 FY25 · Jul 1 – Sep 30, 2025
United Rentals Q3 FY25: where the revenue came from and where it went
United Rentals Q3 FY25: revenue $4.2B (+6% year over year). Net profit $0.7B. Largest cohort Owned Equipment Rentals $2.9B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Oct 22, 2025
Tap the diagram to enlarge · figures in billions of dollars
Revenue$4.2B
+6% year over year
Gross profit$1.7B
39% margin
Operating profit$1.1B
26% margin
Net profit$0.7B
17% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 4.2 | 100% | +6% |
| Owned Equipment Rentals | 2.9 | 69% | +5% |
| Other Rental Revenue | 0.3 | 7% | +18% |
| Rental Equipment | 0.3 | 7% | +4% |
| Delivery and Pick Up | 0.3 | 7% | +5% |
| New Equipment | 0.1 | 2% | +23% |
| Service and Other Revenues | 0.1 | 2% | +0% |
| Rerent Revenue | 0.1 | 2% | +3% |
| Cost of revenue | −2.6 | 62% | |
| Gross profit | 1.7 | 39% margin | −2pp |
| SG&A | −0.4 | 10% | +0pp |
| Other | −0.1 | 3% | +0pp |
| Operating profit | 1.1 | 26% margin | −2pp |
| Tax | −0.2 | ||
| Interest & other costs | −0.2 | ||
| Net profit | 0.7 | 17% | −1pp |
Older quarters
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