United Rentals Inc
United Rentals, Inc., through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and gener… Read more
United Rentals Inc (URI) - Net Assets
Latest net assets as of September 2025: $9.00 Billion USD
Based on the latest financial reports, United Rentals Inc (URI) has net assets worth $9.00 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($30.07 Billion) and total liabilities ($21.07 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $9.00 Billion |
| % of Total Assets | 29.94% |
| Annual Growth Rate | 8.53% |
| 5-Year Change | 89.7% |
| 10-Year Change | 484.15% |
| Growth Volatility | 480.45 |
United Rentals Inc - Net Assets Trend (1998–2024)
This chart illustrates how United Rentals Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for United Rentals Inc (1998–2024)
The table below shows the annual net assets of United Rentals Inc from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $8.62 Billion | +6.05% |
| 2023-12-31 | $8.13 Billion | +15.12% |
| 2022-12-31 | $7.06 Billion | +17.88% |
| 2021-12-31 | $5.99 Billion | +31.82% |
| 2020-12-31 | $4.54 Billion | +18.67% |
| 2019-12-31 | $3.83 Billion | +12.55% |
| 2018-12-31 | $3.40 Billion | +9.56% |
| 2017-12-31 | $3.11 Billion | +88.47% |
| 2016-12-31 | $1.65 Billion | +11.65% |
| 2015-12-31 | $1.48 Billion | -17.91% |
| 2014-12-31 | $1.80 Billion | -2.71% |
| 2013-12-31 | $1.85 Billion | +17.41% |
| 2012-12-31 | $1.57 Billion | +2359.38% |
| 2011-12-31 | $64.00 Million | +420.00% |
| 2010-12-31 | $-20.00 Million | -5.26% |
| 2009-12-31 | $-19.00 Million | +34.48% |
| 2008-12-31 | $-29.00 Million | -101.44% |
| 2007-12-31 | $2.02 Billion | +31.21% |
| 2006-12-31 | $1.54 Billion | +25.14% |
| 2005-12-31 | $1.23 Billion | +19.79% |
| 2004-12-31 | $1.03 Billion | -10.07% |
| 2003-12-31 | $1.14 Billion | -14.32% |
| 2002-12-31 | $1.33 Billion | -29.86% |
| 2001-12-31 | $1.90 Billion | +2.84% |
| 2000-12-31 | $1.85 Billion | +8.74% |
| 1999-12-31 | $1.70 Billion | +65.42% |
| 1998-12-31 | $1.03 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to United Rentals Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 37435.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $13.81 Billion | 160.21% |
| Common Stock | $1.00 Million | 0.01% |
| Other Comprehensive Income | $-405.00 Million | -4.70% |
| Total Equity | $8.62 Billion | 100.00% |
United Rentals Inc Competitors by Market Cap
The table below lists competitors of United Rentals Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Danone SA
PA:BN
|
$47.46 Billion |
|
Takeda Pharmaceutical Co. Ltd.
PINK:TKPHF
|
$47.47 Billion |
|
Dell Technologies Inc
NYSE:DELL
|
$47.62 Billion |
|
Nippon Telegraph & Telephone Corp
PINK:NPPXF
|
$47.81 Billion |
|
Comfort Systems USA Inc
NYSE:FIX
|
$47.20 Billion |
|
BASF SE NA O.N.
OTCQX:BFFAF
|
$47.09 Billion |
|
Targa Resources Inc
NYSE:TRGP
|
$46.85 Billion |
|
Teradyne Inc
NASDAQ:TER
|
$46.73 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United Rentals Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,130,000,000 to 8,622,000,000, a change of 492,000,000 (6.1%).
- Net income of 2,575,000,000 contributed positively to equity growth.
- Dividend payments of 434,000,000 reduced retained earnings.
- Share repurchases of 1,571,000,000 reduced equity.
- Other comprehensive income decreased equity by 177,000,000.
- Other factors increased equity by 99,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.58 Billion | +29.87% |
| Dividends Paid | $434.00 Million | -5.03% |
| Share Repurchases | $1.57 Billion | -18.22% |
| Other Comprehensive Income | $-177.00 Million | -2.05% |
| Other Changes | $99.00 Million | +1.15% |
| Total Change | $- | 6.05% |
Book Value vs Market Value Analysis
This analysis compares United Rentals Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.75x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 76.94x to 5.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $9.68 | $745.02 | x |
| 1999-12-31 | $14.99 | $745.02 | x |
| 2000-12-31 | $16.87 | $745.02 | x |
| 2001-12-31 | $20.14 | $745.02 | x |
| 2002-12-31 | $16.00 | $745.02 | x |
| 2003-12-31 | $14.78 | $745.02 | x |
| 2004-12-31 | $13.07 | $745.02 | x |
| 2005-12-31 | $11.17 | $745.02 | x |
| 2006-12-31 | $13.52 | $745.02 | x |
| 2007-12-31 | $17.75 | $745.02 | x |
| 2008-12-31 | $-0.39 | $745.02 | x |
| 2009-12-31 | $-0.32 | $745.02 | x |
| 2010-12-31 | $-0.33 | $745.02 | x |
| 2011-12-31 | $0.87 | $745.02 | x |
| 2012-12-31 | $16.60 | $745.02 | x |
| 2013-12-31 | $17.39 | $745.02 | x |
| 2014-12-31 | $17.13 | $745.02 | x |
| 2015-12-31 | $15.31 | $745.02 | x |
| 2016-12-31 | $18.77 | $745.02 | x |
| 2017-12-31 | $36.29 | $745.02 | x |
| 2018-12-31 | $40.75 | $745.02 | x |
| 2019-12-31 | $49.29 | $745.02 | x |
| 2020-12-31 | $62.32 | $745.02 | x |
| 2021-12-31 | $82.27 | $745.02 | x |
| 2022-12-31 | $99.50 | $745.02 | x |
| 2023-12-31 | $118.32 | $745.02 | x |
| 2024-12-31 | $129.52 | $745.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United Rentals Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 29.87%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.78%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 3.27x
- Recent ROE (29.87%) is above the historical average (20.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 1.86% | 1.11% | 0.46x | 3.63x | $-59.12 Million |
| 1999 | 10.21% | 6.39% | 0.50x | 3.22x | $2.95 Million |
| 2000 | 11.41% | 6.04% | 0.57x | 3.31x | $21.78 Million |
| 2001 | 5.86% | 3.85% | 0.57x | 2.65x | $-78.59 Million |
| 2002 | -29.88% | -14.10% | 0.60x | 3.52x | $-530.98 Million |
| 2003 | -21.41% | -8.52% | 0.61x | 4.14x | $-358.40 Million |
| 2004 | -8.19% | -2.71% | 0.63x | 4.76x | $-186.60 Million |
| 2005 | 15.22% | 5.25% | 0.68x | 4.29x | $64.10 Million |
| 2006 | 14.56% | 6.15% | 0.68x | 3.49x | $70.20 Million |
| 2007 | 17.94% | 9.70% | 0.64x | 2.89x | $160.20 Million |
| 2008 | 0.00% | -21.55% | 0.78x | 0.00x | $-701.10 Million |
| 2009 | 0.00% | -2.63% | 0.61x | 0.00x | $-60.10 Million |
| 2010 | 0.00% | -1.16% | 0.61x | 0.00x | $-24.00 Million |
| 2011 | 157.81% | 3.87% | 0.63x | 64.73x | $94.60 Million |
| 2012 | 4.76% | 1.82% | 0.37x | 7.01x | $-82.40 Million |
| 2013 | 20.94% | 7.81% | 0.44x | 6.08x | $202.20 Million |
| 2014 | 30.03% | 9.50% | 0.46x | 6.93x | $360.20 Million |
| 2015 | 39.63% | 10.06% | 0.48x | 8.19x | $437.40 Million |
| 2016 | 34.34% | 9.82% | 0.48x | 7.27x | $401.20 Million |
| 2017 | 43.34% | 20.27% | 0.44x | 4.84x | $1.04 Billion |
| 2018 | 32.21% | 13.62% | 0.44x | 5.33x | $755.70 Million |
| 2019 | 30.65% | 12.55% | 0.49x | 4.95x | $791.00 Million |
| 2020 | 19.58% | 10.43% | 0.48x | 3.93x | $435.50 Million |
| 2021 | 23.13% | 14.27% | 0.48x | 3.39x | $786.90 Million |
| 2022 | 29.81% | 18.08% | 0.48x | 3.42x | $1.40 Billion |
| 2023 | 29.82% | 16.91% | 0.56x | 3.15x | $1.61 Billion |
| 2024 | 29.87% | 16.78% | 0.54x | 3.27x | $1.71 Billion |
Industry Comparison
This section compares United Rentals Inc's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $1,407,402,768
- Average return on equity (ROE) among peers: -22.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| United Rentals Inc (URI) | $9.00 Billion | 1.86% | 2.34x | $47.22 Billion |
| AerCap Holdings NV (AER) | $95.64 Million | -290.23% | 46.07x | $21.49 Billion |
| Senmiao Technology Ltd (AIHS) | $12.57 Million | -4.27% | 0.58x | $6.15 Million |
| Artificial Intelligence Technology Solutions Inc (AITX) | $-746.83K | 0.00% | 0.00x | $12.64 Million |
| Air Lease Corporation (AL) | $7.16 Billion | 8.58% | 3.25x | $6.80 Billion |
| ALD S.A (ALLDF) | $2.76 Billion | 15.36% | 4.69x | $6.73 Billion |
| Alta Equipment Group Inc (ALTG) | $-8.62K | 0.00% | 0.00x | $101.18 Million |
| TOUAX (ALTOU) | $129.11 Million | -2.48% | 2.40x | $21.06 Million |
| Autohellas S.A (AOHLF) | $195.75 Million | 11.59% | 1.92x | $66.70 Million |
| Ashtead Group plc (ASHTF) | $3.28 Billion | 20.18% | 1.84x | $20.11 Billion |
| Ashtead Gro (ASHTY) | $442.03 Million | 17.62% | 2.79x | $30.08 Billion |