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United Rentals
URI · NYSEIndustrials — Equipment Rental
The economic chain
Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Inputsmaterials, equipment & da…Operatorsthe companies at the cent…Products &serviceswhat they make & runDistribution &logisticshow it gets thereCustomers &end marketswho paysCATCaterpillarOSKOshkosh (JLG)TEXTerex (Genie)OEMOther equipment OEMsFUELDiesel & fuelCAPCapital & lendersURIUnited RentalsGRGeneral RentalsSPSpecialty RentalsBRBranch & delivery networkCONConstruction contractorsINDIndustrial & energyDCData-centre buildout
Company details
Market cap
~$69B
P/E ratio
~19×
Div yield
~1.0%
Revenue (FY25)
$16.1B
Net income
$2.5B
Adj. EBITDA
$7.3B
Free cash flow
$2.2B
Fleet OEC
$22.5B
In plain English
United Rentals is the world's largest equipment-rental company. It buys ~$22B of cranes, aerial lifts, generators, pumps, trench boxes and storage units from the big equipment makers, then rents them by the day, week or month from ~1,600 branches to the contractors building data centres, power plants, highways and factories — turning a one-time machine purchase into a recurring rental stream.
In simple terms
From OEM purchase to recurring rent
United Rentals buys machines once from makers like Caterpillar, JLG and Genie, then rents them out hundreds of times over their life — converting a capital good into a recurring service delivered through ~1,600 branches.
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Risk read
Moderate
SteadierMore speculative
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