United Rentals Q4 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
- Oct 1 – Dec 31, 2025
- Reported
- Jan 28, 2026
Revenue$4.21B
+3% year over year
Gross profit$1.59B
38% margin
Operating profit$1.05B
25% margin
Net profit$0.65B
16% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 4.21 | 100% | +3% |
| rental equipment, revenues | 1.41 | 34% | |
| Other, topic 842 | 1.08 | 26% | |
| Service & other revenues | 0.37 | 9% | |
| new equipment, revenues | 0.35 | 8% | |
| Re-rent revenue, topic 842 | 0.28 | 6% | |
| Re-rent topic 842 | 0.28 | 6% | |
| 606 | 0.25 | 6% | |
| Other | 0.20 | 5% | |
| Cost of revenue | −2.62 | 62% | |
| Gross profit | 1.59 | 38% margin | −2pp |
| Operating expenses | −0.54 | 13% | +0pp |
| Operating profit | 1.05 | 25% margin | −2pp |
| Interest & other costs | −0.40 | ||
| Net profit | 0.65 | 16% margin | −1pp |
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