United Rentals Announces Strong Third Quarter 2025 Results and Raises Full-Year Guidance for Revenue and Capital Spending Supported by Strong Customer Demand

About this update from United Rentals, Inc.

[{"type":"text","content":"STAMFORD, Conn., October 22, 2025--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) today announced financial results for the third quarter of 2025, and raised its 2025 full-year guidance for total revenue and capital spending driven by strong customer demand.","length":261,"tagName":"p"},{"type":"text","content":"Third Quarter 2025 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenue of $4.229 billion, including rental revenue1 of $3.665 billion.","length":77,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net income of $701 million, at a margin2 of 16.6%. GAAP diluted earnings per share of $10.91, and adjusted EPS3 of $11.70.","length":122,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA3 of $1.946 billion, at a margin2 of 46.0%.","length":58,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Year-over-year, fleet productivity4 increased 2.0%.","length":51,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Year-to-date net cash provided by operating activities of $3.934 billion; free cash flow3 of $1.192 billion, including gross payments for purchases of rental equipment of $3.576 billion.","length":186,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Year-to-date gross rental capital expenditures of $3.760 billion.","length":65,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Returned $1.633 billion to shareholders year-to-date, comprised of $1.283 billion via share repurchases and $350 million via dividends paid.","length":140,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net leverage ratio5 of 1.86x, with total liquidity5 of $2.452 billion, at September 30, 2025.","length":93,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":792,"olType":false},{"type":"text","content":"CEO Comment","length":11,"tagName":"p"},{"type":"text","content":"Matthew Flannery, chief executive officer of United Rentals, said, "Our third-quarter results were again supported by our unrelenting focus on being the partner of choice to our customers as we serve their needs across both construction and industrial end-markets. Our team did an outstanding job as we continued to lean into growth across both our general rentals and specialty businesses,...

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