United Rentals annual operating margin
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2025
United Rentals Operating Margin Growth & History (URI)
United Rentals's operating margin was 107.52% for fiscal 2025.
View full United Rentals company overviewUnited Rentals annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 107.52% | −5.77 pp |
| 2024 | 2024-12-31 | 113.29% | +0.57 pp |
| 2023 | 2023-12-31 | 112.72% | −16.50 pp |
| 2022 | 2022-12-31 | 129.23% | +28.30 pp |
| 2021 | 2021-12-31 | 100.93% | +10.66 pp |
| 2020 | 2020-12-31 | 90.27% | −14.04 pp |
| 2019 | 2019-12-31 | 104.31% | +80.07 pp |
| 2018 | 2018-12-31 | 24.25% | +1.55 pp |
| 2017 | 2017-12-31 | 22.69% | −1.87 pp |
| 2016 | 2016-12-31 | 24.56% | −1.54 pp |
| 2015 | 2015-12-31 | 26.10% | +1.63 pp |
| 2014 | 2014-12-31 | 24.47% | +2.71 pp |
| 2013 | 2013-12-31 | 21.76% | +7.40 pp |
| 2012 | 2012-12-31 | 14.36% | −0.81 pp |
| 2011 | 2011-12-31 | 15.17% | +6.36 pp |
| 2010 | 2010-12-31 | 8.81% | +3.97 pp |
| 2009 | 2009-12-31 | 4.83% | — |
United Rentals quarterly operating margin
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Q1.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-03-31 | 93.54% | +3.51 pp |
| Q4 2025 | 2025-12-31 | 106.05% | −0.62 pp |
| Q3 2025 | 2025-09-30 | 118.76% | −9.61 pp |
| Q2 2025 | 2025-06-30 | 115.02% | −0.38 pp |
| Q1 2025 | 2025-03-31 | 90.03% | −13.24 pp |
| Q4 2024 | 2024-12-31 | 106.67% | −11.57 pp |
| Q3 2024 | 2024-09-30 | 128.38% | −2.15 pp |
| Q2 2024 | 2024-06-30 | 115.40% | +6.83 pp |
| Q1 2024 | 2024-03-31 | 103.27% | +11.00 pp |
| Q4 2023 | 2023-12-31 | 118.24% | −7.71 pp |
| Q3 2023 | 2023-09-30 | 130.52% | −28.82 pp |
| Q2 2023 | 2023-06-30 | 108.57% | −20.03 pp |
| Q1 2023 | 2023-03-31 | 92.27% | −10.98 pp |
| Q4 2022 | 2022-12-31 | 125.95% | +17.04 pp |
| Q3 2022 | 2022-09-30 | 159.34% | +29.51 pp |
| Q2 2022 | 2022-06-30 | 128.60% | +34.28 pp |
| Q1 2022 | 2022-03-31 | 103.25% | +34.23 pp |
| Q4 2021 | 2021-12-31 | 108.92% | −3.53 pp |
| Q3 2021 | 2021-09-30 | 129.83% | +110.18 pp |
| Q2 2021 | 2021-06-30 | 94.31% | +77.47 pp |
| Q1 2021 | 2021-03-31 | 69.02% | +42.65 pp |
| Q3 2020 | 2020-09-30 | 112.45% | +89.35 pp |
| Q2 2020 | 2020-06-30 | 19.65% | +2.27 pp |
| Q1 2020 | 2020-03-31 | 16.85% | −7.57 pp |
| Q3 2019 | 2019-09-30 | 26.37% | −0.95 pp |
| Q2 2019 | 2019-06-30 | 23.10% | −1.75 pp |
| Q1 2019 | 2019-03-31 | 17.38% | −2.22 pp |
| Q4 2018 | 2018-12-31 | 24.41% | +0.38 pp |
| Q3 2018 | 2018-09-30 | 27.32% | +1.95 pp |
| Q2 2018 | 2018-06-30 | 24.85% | +3.56 pp |
| Q1 2018 | 2018-03-31 | 19.61% | +0.66 pp |
| Q4 2017 | 2017-12-31 | 24.04% | −2.36 pp |
| Q3 2017 | 2017-09-30 | 25.37% | −1.95 pp |
| Q2 2017 | 2017-06-30 | 21.29% | −3.13 pp |
| Q1 2017 | 2017-03-31 | 18.95% | −0.44 pp |
| Q4 2016 | 2016-12-31 | 26.40% | +0.33 pp |
| Q3 2016 | 2016-09-30 | 27.32% | −1.45 pp |
| Q2 2016 | 2016-06-30 | 24.42% | −1.82 pp |
| Q1 2016 | 2016-03-31 | 19.39% | −3.42 pp |
| Q4 2015 | 2015-12-31 | 26.07% | −1.17 pp |
| Q3 2015 | 2015-09-30 | 28.77% | +1.44 pp |
| Q2 2015 | 2015-06-30 | 26.24% | +3.01 pp |
| Q1 2015 | 2015-03-31 | 22.81% | +4.31 pp |
| Q4 2014 | 2014-12-31 | 27.24% | +1.68 pp |
| Q3 2014 | 2014-09-30 | 27.33% | +1.63 pp |
| Q2 2014 | 2014-06-30 | 23.23% | +2.50 pp |
| Q1 2014 | 2014-03-31 | 18.51% | +4.96 pp |
| Q4 2013 | 2013-12-31 | 25.56% | +6.67 pp |
| Q3 2013 | 2013-09-30 | 25.71% | +7.49 pp |
| Q2 2013 | 2013-06-30 | 20.73% | +16.10 pp |
| Q1 2013 | 2013-03-31 | 13.55% | +0.28 pp |
| Q4 2012 | 2012-12-31 | 18.90% | +3.48 pp |
| Q3 2012 | 2012-09-30 | 18.21% | −3.67 pp |
| Q2 2012 | 2012-06-30 | 4.63% | −10.47 pp |
| Q1 2012 | 2012-03-31 | 13.26% | +7.53 pp |
| Q4 2011 | 2011-12-31 | 15.42% | +0.04 pp |
| Q3 2011 | 2011-09-30 | 21.88% | +11.29 pp |
| Q2 2011 | 2011-06-30 | 15.10% | — |
| Q1 2011 | 2011-03-31 | 5.74% | — |
| Q3 2010 | 2010-09-30 | 15.37% | — |
| Q2 2010 | 2010-06-30 | 10.59% | — |
United Rentals operating margin trends
Over the last five reported fiscal years, United Rentals's operating margin increased from 90.27% to 107.52%, a change of +17.25 percentage points. The latest reported quarter, Q1 2026, shows 93.54%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review United Rentals filings at SEC.gov ↗