The company said it recorded total revenue of $3.943 billion for Q2 2025 (rental revenue of $3.415 billion), net income of $622 million, and adjusted EBITDA of $1.810 billion. Its adjusted EBITDA margin was 45.9%, and its net income margin was 15.8%.

1. 01

   The company said it recorded total revenue of $3.943 billion for Q2 2025 (rental revenue of $3.415 billion), net income of $622 million, and adjusted EBITDA of $1.810 billion. Its adjusted EBITDA margin was 45.9%, and its net income margin was 15.8%.

2. 02

   United Rentals raised its full-year 2025 total revenue outlook to $15.8 billion to $16.1 billion (prior outlook $15.6 billion to $16.1 billion) and its adjusted EBITDA outlook to $7.3 billion to $7.45 billion (prior $7.2 billion to $7.45 billion), the company said.

3. 03

   The company said its cumulative operating cash flow for the first six months of 2025 was $2.753 billion, up 20.0% year over year, and that its free cash flow rose 12.5%, from $1.065 billion to $1.198 billion. Both figures include a $52 million merger termination benefit related to the terminated H&E acquisition.

4. 04

   The company said its board increased the size of the share repurchase program from $1.5 billion to $2.0 billion, and that it plans to repurchase $1.65 billion in 2025 (inclusive of $417 million repurchased through June 30), with the remaining $350 million carried into 2026.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

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.