United Rentals, Inc. (URI) Stock

United Rentals, Inc. (URI) is a Technology stock trading at $1052.02 (as of 2026-08-25), with a market capitalization of $65.91B and a trailing P/E of 26.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

United Rentals, Inc. operates through subsidiaries as an equipment rental business with two segments: General Rentals and Specialty. It rents general construction and industrial equipment, aerial work platforms, and related tools, as well as specialty products such as trench safety, power and HVAC equipment, fluid solutions, and mobile storage and modular office space, serving customers including construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.

Understand United Rentals, Inc.: how it makes money

United Rentals leases construction and industrial equipment (excavators, skid-steers, aerial lifts, power tools) to contractors, utilities, municipalities, and homeowners. General Rentals is the larger pillar at roughly 56% of the top line, while the smaller Specialty segment now accounts for about 30% and has been the main growth engine.

A fixed, debt-financed fleet is spread across hundreds of local branches; each additional rental day drops largely to operating income once the depreciation and interest load is covered, so utilization is the fulcrum of the model.

Revenue by segment (latest quarter)
General Rentals	$2.2B
Specialty	$1.2B
Service & Other	$0.1B
Other	$0.5B

Business quality (Solid): Solid

Valuation: Trades at 27× trailing earnings · $67.9B market cap.

Bull case

Specialty is the growth engine: Specialty Rentals generated $1.2B, about 30% of quarterly revenue, and has been the segment pulling the top line higher relative to the General Rentals base.
Fleet model converts volume to profit: Operating margin sits at 22% on 7% revenue growth, meaning the existing fleet base absorbs incremental rental volume with little added fixed cost, so each dollar of new bookings flows disproportionately to operating income.

Bear case

Rich multiple for mid-single growth: At a P/E of 27.1×, the stock prices in sustained outperformance even though company-wide revenue is growing about 7% year over year, leaving little margin for error if the cycle decelerates.
Construction-linked demand concentration: Equipment Rentals Revenue is $3.4B, or 86% of total revenue, so a meaningful softening in new construction or industrial capital expenditure hits the entire profit-and-loss statement with very little diversification cushion.

Valuation — source: SEC EDGAR (first-party)
Price	$1052.02
Market Cap	$65.91B
P/E Ratio	26.3
EV / EBITDA	15.1
Price / Book	7.35
Price / Sales	4.03
DCF Value (model)	$298.41
DCF Upside vs Price	-71.6%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$16.10B
Net Margin	15.5%
Revenue Growth (YoY)	7.2%
EPS Growth (YoY)	6.6%

Financial Health — source: SEC EDGAR
Altman Z-Score	3.62 (safe)
Piotroski F-Score	4/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	26.3
Sector P/E (Technology)	34.1
Industry P/E (Business Services)	30.0
vs Sector	-23.0%
vs Industry	-12.2%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($6.01B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Technology
Industry	Business Services
CEO	Matthew J. Flannery
Employees	27,900
Country	US
IPO Date	1997-12-18

Related Companies (Business Services; 8 comparable business services companies)

Data as of 2026-08-25.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.