URI Q2 2023 Earnings — United Rentals, Inc. Revenue & Financial Results | Market Cap Arena

URIUnited Rentals, Inc.

$50B

Q2 2023 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$3.6B+28.3% YoY

Gross Profit

$1.3B37.2% margin

Operating Income

$943M26.5% margin

Net Income

$591M16.6% margin

EPS (Diluted)

$8.59

QoQ Revenue Growth

+8.2%

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

-$68M

Stock-Based Comp.

$25M

Balance Sheet

Total Assets

$25.5B

Total Liabilities

$18.1B

Stockholders' Equity

$7.4B

Cash & Equivalents

$227M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.6B	$2.8B	+28.3%
Gross Profit	$1.3B	$1.1B	+24.7%
Operating Income	$943M	$716M	+31.7%
Net Income	$591M	$493M	+19.9%

Revenue Segments

Owned Equipment Rentals

$2.5B69%

Ancillary and Other Rental Revenue

$464M13%

Rental Equipment

$382M11%

Service and Other Revenues

$84M2%

New Equipment

$70M2%

Re-rent Revenue

$56M2%

Contractor Supplies

$37M1%