United Rentals Q3 EPS Jumps 35% to $14.77 on 15.7% Revenue Growth
URI sits 47% above its 52-week low of $701.59.
Summary
United Rentals grew Q3 revenue 15.7% to $4.893 billion and lifted diluted EPS to $14.77 from $10.91, with margins expanding and free cash flow funding a $5.0 billion buyback and a higher dividend.
Key Events · Earnings and Guidance · URI
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Q3 Revenue Up 15.7%
Total revenues of $4.893 billion versus $4.229 billion a year ago, driven by a 7.9% increase in average fleet OEC and 6.5% fleet productivity.
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EPS Jumps to $14.77
Diluted EPS rose from $10.91 to $14.77; nine-month diluted EPS was $35.19 versus $28.37, with net income of $920 million in the quarter.
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Margins Expand Sharply
Equipment rentals gross margin rose 240 basis points to 42.0% on efficiencies in depreciation, labor, repairs and delivery; adjusted EBITDA reached $2.331 billion, a 47.6% margin.
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Buyback and Dividend Raised
$775 million repurchased under the $5.0 billion program through September 30, with $1.5 billion of total 2026 repurchases planned; quarterly dividend raised to $1.97 per share, payable November 25, 2026.
Analysis · URI · Trade & Services
United Rentals delivered a strong third quarter: revenue rose 15.7% to $4.893 billion and diluted EPS climbed to $14.77 from $10.91, with equipment rentals gross margin expanding 240 basis points to 42.0% on better depreciation, labor and delivery efficiency. Adjusted EBITDA of $2.331 billion (47.6% margin) and nine-month free cash flow of $1.421 billion fund an aggressive capital return program — a $5.0 billion buyback with $775 million used so far and a dividend just raised to $1.97 a quarter. The balance sheet carries $14.7 billion of debt, but S&P's upgrade to BBB-/stable and Moody's positive outlook lower future borrowing costs. The main thing to weigh is whether margin gains hold as lower-margin ancillary and re-rent revenue keeps growing as a share of the mix.
How filings like this one have moved
In the 30 days to Oct 21, 2026, 28.9% of the 1511 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.54%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, URI was trading at $1,029.99 on NYSE in the Trade & Services sector, with a market capitalization of approximately $66.5B. The 52-week trading range was $701.59 to $1,179.18. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.