Equipment rental company United Rentals (NYSE:URI) reported Q1 CY2025 results exceeding the market’s revenue expectations , with sales up 6.7% year on year to $3.72 billion. The company expects the full year’s revenue to be around $15.85 billion, close to analysts’ estimates. Its non-GAAP profit of $8.86 per share was 0.5% above analysts’ consensus estimates.

Is now the time to buy URI? Find out in our full research report (it’s free).

  • Revenue: $3.72 billion vs analyst estimates of $3.63 billion (6.7% year-on-year growth, 2.5% beat)

  • Adjusted EPS: $8.86 vs analyst estimates of $8.81 (0.5% beat)

  • Adjusted EBITDA: $1.67 billion vs analyst estimates of $1.61 billion (44.9% margin, 3.6% beat)

  • The company reconfirmed its revenue guidance for the full year of $15.85 billion at the midpoint

  • EBITDA guidance for the full year is $7.33 billion at the midpoint, in line with analyst expectations

  • Operating Margin: 21.6%, down from 24.4% in the same quarter last year

  • Free Cash Flow Margin: 29.1%, up from 24.6% in the same quarter last year

  • Organic Revenue rose 4.2% year on year, in line with the same quarter last year

  • Market Capitalization: $41.18 billion

United Rentals’ latest quarter was shaped by ongoing expansion in both its core general rental business and the fast-growing specialty segment, with management highlighting the strength of large project demand and healthy used equipment sales. CEO Matthew Flannery emphasized that the company’s focus on cross-selling and adding value-added services has allowed United Rentals to deepen relationships and drive revenue through its one-stop-shop strategy. The team cited a robust start to the year, supported by operational execution and continued customer optimism in construction and industrial markets.

On the company’s outlook, management reaffirmed guidance for the full year, pointing to solid customer backlogs and confidence among national accounts. Flannery noted that while macroeconomic uncertainty remains, internal indicators and customer feedback suggest a steady environment for the remainder of the year. CFO Ted Grace underscored that cost discipline and capital allocation remain priorities, with the company well-positioned to react if conditions change. “The year is playing out in a standard seasonal growth pattern and gives us a lot of confidence that there will be the demand to meet our goals here,” Flannery told analysts.

United Rentals’ management credited the quarter’s performance to solid demand across construction and industrial segments, the continued scale-up of specialty rentals, and disciplined capital allocation. The quarter also reflected margin headwinds due to a shift in business mix and higher delivery costs.