United Rentals (URI) FY2024 results: revenue $15.3 billion, up 7.1% on the year
United Rentals, Inc. (URI) reported revenue of $15.3 billion for fiscal 2024, the year ended 31 December 2024, up 7.1% on the year before. Net income was $2.6 billion, up 6.2%, and diluted earnings per share $38.69. The figures are the company's own, from the 10-K it filed with the SEC on 29 January 2025.
Revenue
$15.3 billion
+7.1% on the year
FY2017FY2024
Operating margin
26.5%
26.7% a year earlier
FY2017FY2024
Net income
$2.6 billion
+6.2% on the year
FY2017FY2024
Diluted EPS
$38.69
+9.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,546
4,704
4,433
-3.4%
Capital expenditure
4,130
3,864
3,690
+6.9%
Free cash flow
416
840
743
-50.5%
Free cash flow margin
2.7%
5.9%
6.4%
Cash from investing
-4,148
-2,976
-5,016
Cash from financing
-274
-1,474
552
Depreciation and amortisation
437
431
364
+1.4%
Share-based compensation
112
94.0
127
+19.1%
Buybacks
1,571
1,070
1,068
+46.8%
Dividends paid
434
406
0.0
+6.9%
Dividend per share
$6.52
$5.92
n/a
+10.1%
Diluted shares, weighted
67m
69m
71m
-3.1%
Shares outstanding at period end
65m
67m
69m
-2.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
8,622
8,130
7,062
+6.1%
Debt
13,472
11,582
11,447
+16.3%
Operating lease liabilities
1,089
895
642
+21.7%
Finance lease liabilities
180
137
72.0
+31.4%
Other liabilities
4,800
4,845
4,960
-0.9%
Total liabilities and equity
28,163
25,589
24,183
+10.1%
Goodwill
6,900
5,940
6,026
+16.2%
Intangible assets
663
670
452
-1.0%
Cash and equivalents
457
363
106
+25.9%
Receivables
2,357
2,230
2,004
+5.7%
Inventory
200
205
232
-2.4%
Other assets
17,586
16,181
15,363
+8.7%
Total assets
28,163
25,589
24,183
+10.1%
10-K for the year ended 31 December 2024, filed 29 January 2025: the filing.