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United Rentals (URI)
NYSE:URI
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
9.05Last Year’s EPS
8.86Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial performance: record revenue, record rental revenue and EBITDA, strong free cash flow generation, robust capital returns, healthy specialty expansion, and confident 2026 guidance with revenue growth >6% ex-used. Notable near-term headwinds include a shortfall in used sales volumes, lumpiness in the matting business, fleet productivity softness in Q4 driven by mix/timing, and margin pressure from elevated repositioning and inflationary costs. Management outlined actions to protect margins and expects most cost mitigation to phase in during 2026. Overall, the positives (record results, cash generation, strong balance sheet, shareholder returns, and constructive guidance) outweigh the operational and margin challenges highlighted.Company Guidance
Record Revenue and EBITDA
Q4 total revenue grew 2.8% year-over-year to $4.2B; rental revenue grew 4.6% to $3.58B (Q4 records). Adjusted EBITDA for the quarter was $1.901B with an as-reported EBITDA margin of 45.2%.
Strong Adjusted EPS and Profitability
Adjusted EPS of $11.09 in Q4; full-year return on invested capital of 11.7%, comfortably above weighted average cost of capital.
Robust Free Cash Flow and Capital Returns
Generated ~$2.18B in free cash flow in 2025 (free cash flow margin ~13.5%-14%). Returned nearly $2.4B to shareholders in 2025 (including $1.9B repurchases and $464M dividends).
2026 Growth and Profitability Guidance
2026 guidance: total revenue $16.8B–$17.3B (implying ~5.9% growth at midpoint) and revenue ex-used implying >6% growth. Adjusted EBITDA guidance $7.575B–$7.825B, implying flat margins at midpoint ex the prior-year one-time benefit.
Capital Allocation Plan for 2026
Plans to repurchase $1.5B of shares in 2026 and increase the quarterly dividend by 10% to $1.97 (annualized $7.88). New $5B share repurchase program announced to support multi-year buybacks.
Fleet and CapEx Allocation
Full-year gross rental CapEx in 2025 was ~$4.19B. 2026 gross CapEx guidance $4.3B–$4.7B; net CapEx $2.85B–$3.25B. Maintenance CapEx expected around $3.4B, implying growth CapEx of roughly $1.1B.
Specialty Business Momentum and Expansion
Specialty delivered healthy, broad-based growth; 60 cold-starts opened in 2025 (13 in Q4). Management expects to continue growing specialty at a double-digit rate and indicated continued geographic white-space expansion (targeting ~40 cold-starts noted for 2026 commentary).
Balance Sheet Strength and Liquidity
Net leverage of 1.9x at year-end and total liquidity of over $3.3B heading into 2026.
URI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
URI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 28, 2026 | $903.19 | $787.04 | -12.86% |
Oct 22, 2025 | $989.42 | $912.38 | -7.79% |
Jul 23, 2025 | $800.00 | $871.71 | +8.96% |
Apr 23, 2025 | $585.37 | $643.14 | +9.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does United Rentals (URI) report earnings?
United Rentals (URI) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is United Rentals (URI) earnings time?
United Rentals (URI) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is URI EPS forecast?
URI EPS forecast for the fiscal quarter 2026 (Q1) is 9.05.
