UNITED RENTALS, INC. (URI) closed fiscal year 2025 with a gross margin of 38.2 % and a net margin of 15.5 %.
UNITED RENTALS, INC. (URI) closed fiscal year 2025 with a gross margin of 38.2 % and a net margin of 15.5 %. The same year shows an EBITDA margin of 27.4 % and an EBIT margin of 24.7 %. The free cash flow margin was 4.1 %. Against the previous year the gross margin moved −1.9 pp and the net margin −1.3 pp. Across the period the gross margin ranges between 25.9 % in 2009 and 42.9 % in 2022. The series covers 17 fiscal years, from 2009 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 25.87 % | 29.41 % | 34.39 % | 38.55 % | — | — | — | — | 41.70 % | 41.80 % | 39.25 % | 37.32 % | 39.66 % | 42.91 % | 40.56 % | 40.08 % | 38.16 % |
| EBITDA margin (%) | 24.94 % | 28.88 % | 33.55 % | 36.14 % | 43.92 % | 45.47 % | 47.48 % | 46.16 % | 26.59 % | 28.07 % | 27.37 % | 25.64 % | 27.26 % | 30.89 % | 29.71 % | 29.34 % | 27.40 % |
| EBIT margin (%) | 4.83 % | 8.81 % | 15.17 % | 14.36 % | 21.76 % | 24.47 % | 26.10 % | 24.56 % | 22.69 % | 24.25 % | 23.01 % | 21.10 % | 23.44 % | 27.76 % | 26.70 % | 26.49 % | 24.68 % |
| Net margin (%) | -2.63 % | -1.16 % | 3.87 % | 1.82 % | 7.81 % | 9.50 % | 10.06 % | 9.82 % | 20.27 % | 13.62 % | 12.55 % | 10.43 % | 14.27 % | 18.08 % | 16.91 % | 16.78 % | 15.49 % |
| FCF margin (%) | 16.41 % | 18.95 % | 22.06 % | 15.16 % | 29.20 % | 29.57 % | 32.54 % | 32.07 % | 31.46 % | 33.16 % | 30.01 % | 28.85 % | 5.05 % | 6.38 % | 5.86 % | 2.71 % | 4.11 % |
