United Rentals(NYSE) URI

United Rentals, Inc. helps construction and industrial firms get the tools they need without buying them. The company rents out everything from heavy earthmovers to small power tools for local projects. These services allow businesses to complete large-scale infrastructure work or simple home repairs efficiently.

From Backhoes to Power Tools

• General Rentals: Construction and industrial machinery including backhoes, forklifts, and aerial work platforms; accounted for 87% of revenue for the six-month period ended June 30, 2026.
• Trench Safety: Underground work gear such as trench shields, shoring systems, and construction lasers for specialized engineering projects.
• Power and HVAC: Portable diesel generators, electrical distribution units, and temperature control systems used for jobsite climate management.
• Fluid Solutions: Equipment designed for the containment, transfer, and treatment of liquids during industrial operations.
• Mobile Storage: Portable units and modular office spaces for temporary on-site storage and administration needs.

Scaling Through Strategic Deals

• Acquired Yak Access, Yak Mat, and New South Access & Environmental Solutions in March 2024 to expand specialty matting and access services.
• Purchased the assets of Ahern Rentals in December 2022 to grow the core equipment rental footprint.
• Sold a portion of the scaffolding business during the six-month period ended June 30, 2026, for a gain of $49 million.
• Initiated a restructuring program in the fourth quarter of 2025 to optimize the branch network following major acquisitions.

What Drives the Rental Engine?

United Rentals operates an integrated network of 1,774 rental locations across 49 U.S. states and every Canadian province. The company uses proprietary software called Total Control to help large customers monitor and manage their entire fleet of rented equipment digitally.

Tracking the Top and Bottom Line

• Total revenue rose 9.6% year over year to $8.4 billion for the six-month period ended June 30, 2026.
• Net income reached $1.3 billion for the six-month period ended June 30, 2026, up 12.6% from the prior year.
• Adjusted EBITDA was $3.8 billion for the six-month period ended June 30, 2026, an increase of 9.6% year over year.
• Free cash flow was $1.1 billion for the six-month period ended June 30, 2026, compared to $1.2 billion in the same period in 2025.
• Available liquidity totaled $3 billion as of June 30, 2026, consisting of cash and credit facility capacity.

Building a Specialized Future

United Rentals has transitioned from a general equipment provider to a specialized solutions partner for diverse industrial sectors. Its focus on digital tools and strategic acquisitions supports its position as a global leader in the rental services market.