United Rentals said equipment rentals for the 3 months ended September 30, 2025 were $3.665 billion, an increase of $202 or 5.8%, primarily due to a 4.2% increase in average OEC and a 2.0% increase in fleet productivity.

10-QQuarterly reportFiled Oct 22, 2025Period of report Sep 30, 2025Summary published (UTC) Oct 11, 2026

Key points

AI summary

United Rentals said equipment rentals for the 3 months ended September 30, 2025 were $3.665 billion, an increase of $202 or 5.8%, primarily due to a 4.2% increase in average OEC and a 2.0% increase in fleet productivity.
The company said total gross margin for the 3 months ended September 30, 2025 decreased 190 basis points and equipment rentals gross margin decreased 200 basis points, citing inflation, increased delivery costs and higher depreciation expense in the specialty segment as factors.
United Rentals said it repurchased $1.033 billion under its share repurchase program, which was increased to $2.0 billion, through September 30, 2025. The company paid dividends of $350 ($5.37 per share) during the 9 months of 2025.
United Rentals said it generated $3.934 billion in cash from operating activities for the 9 months ended September 30, 2025. During the same period, it used $3.849 billion for purchases of rental and non-rental equipment and intangible assets, and $1.338 billion for share repurchases.

Key figures

Quarter ended September 30, 2025

Revenue: $4.2B
Operating income: $1.1B
Net income: $701M
EPS: $10.91
Gross profit: $1.7B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Equipment Rentals Revenue Growth

United Rentals said equipment rentals for the 3 months ended September 30, 2025 were $3.665 billion, an increase of $202 or 5.8%, primarily due to a 4.2% increase in average OEC and a 2.0% increase in fleet productivity.

Source · Based on the MD&A text of the filing

Gross Margin Changes

The company said total gross margin for the 3 months ended September 30, 2025 decreased 190 basis points and equipment rentals gross margin decreased 200 basis points, citing inflation, increased delivery costs and higher depreciation expense in the specialty segment as factors.

Source · Based on the MD&A text of the filing

Share Repurchases and Dividends

United Rentals said it repurchased $1.033 billion under its share repurchase program, which was increased to $2.0 billion, through September 30, 2025. The company paid dividends of $350 ($5.37 per share) during the 9 months of 2025.

Source · Based on the MD&A text of the filing

9-Month Cash Flow

United Rentals said it generated $3.934 billion in cash from operating activities for the 9 months ended September 30, 2025. During the same period, it used $3.849 billion for purchases of rental and non-rental equipment and intangible assets, and $1.338 billion for share repurchases.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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