NYSE · URI
United Rentals, Inc.
Industrials · Rental & Leasing Services
$1,047.06▲ 2.49% ($25.39)at close
As of 4:00 PM ET
Market cap
$65.17B
P/E
Valuation
Cash-flow DCF
Verdict: expensive. Price above all scenarios.
The price needs 57.8% free cash flow growth a year for 5 years. Our scenarios assume −4.0–25.0%.
That's 5.3× its past 10-year pace.
Value per share
Base case
$31.57
Price used $1,047.06 is 33.2× this
USD · TTM ending Jun 30, 2026 · Price Sep 25, 8:00 PM UTC
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
2 more notes
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
Reported total debt includes capitalised leases (~8% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.
Free cash flow each value needs
Free cash flow today $1.1B. The price needs $13.8B by 2036. Base case: $2.4B. At its recent pace: $3B. Bear to Bull: $1B to $6.1B.
Free cash flow today $1.1B. The price needs $13.8B by 2036. Base case: $2.4B. At its recent pace: $3B. Bear to Bull: $1B to $6.1B.
Free cash flow in 2036
today $1.1B
+$11.4Bmore than the Base case · 5.8×
Value per share · Base case
$31.57
Price $1,047.06
33.2× this
- Stage 1 growth, yrs 1–5
- 11.0%
- Stage 2 growth, yrs 6–10
- 6.0%
- Discount rate
- 13.0%
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
2 more notes
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
Reported total debt includes capitalised leases (~8% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.
USD · TTM ending Jun 30, 2026 · Price Sep 25, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 12.44% over the last year. Revenue grew 6.88% over the trailing twelve months. Operating margin moved from 25.51% to 24.79%. Free cash flow grew 4.29% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (92nd percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 24.79% — continued expansion would be needed to justify the premium. Revenue growth of 6.88% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Return analysis
Company profile
United Rentals, Inc., founded in 1997 and headquartered in Stamford, Connecticut, functions as a prominent equipment rental firm through its various subsidiaries.
Market multiples
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Analyst consensus
28
Buy
8
Hold
5
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 28, 2026
Q4 FY26 · EPS est $13.92 · Revenue est $4.7B
View
Institutional Sentiment
United Rentals, Inc. · URI
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.