The Investor
29 Jan 2026, 14:01
United Rentals, Inc. reported strong fourth-quarter and full-year 2025 results, posting record revenue and profitability, and introduced an upbeat outlook for 2026 alongside an expanded shareholder return plan.
For the fourth quarter, United Rentals generated total revenue of $4.21 billion, including rental revenue of $3.58 billion, while net income reached $653 million, or $10.27 per diluted share. Adjusted EBITDA totaled $1.90 billion, representing a margin of 45.2%. For the full year, operating cash flow amounted to $5.19 billion and free cash flow reached $2.18 billion, supported by continued gains in fleet productivity and disciplined capital spending.
Looking ahead, the company forecast another year of profitable growth in 2026 and announced plans to return around $2 billion to shareholders, including $1.5 billion in share repurchases backed by a new $5 billion authorization, as well as a 10% increase in its quarterly dividend. Management said demand from large projects and geographically diverse activity is expected to remain the main growth driver.
For the fourth quarter, United Rentals generated total revenue of $4.21 billion, including rental revenue of $3.58 billion, while net income reached $653 million, or $10.27 per diluted share. Adjusted EBITDA totaled $1.90 billion, representing a margin of 45.2%. For the full year, operating cash flow amounted to $5.19 billion and free cash flow reached $2.18 billion, supported by continued gains in fleet productivity and disciplined capital spending.
Looking ahead, the company forecast another year of profitable growth in 2026 and announced plans to return around $2 billion to shareholders, including $1.5 billion in share repurchases backed by a new $5 billion authorization, as well as a 10% increase in its quarterly dividend. Management said demand from large projects and geographically diverse activity is expected to remain the main growth driver.