Companies: 10,795·Total market cap: $144.5T
United Rentals, Inc.

United Rentals, Inc.

URINYSEIndustrials● Active
$1,089.81
+$22.04(+2.06%)
Market Cap$68.3B
P/E Ratio—
52W High$1093.97
52W Low$682.08
Free Cash FlowFinancialsRevenue

United Rentals, Inc. (URI) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

URI · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was $662.0M for FY2025 (fiscal year ending 2025-12-31), up 58.0% year-over-year The FCF margin was 4.1%. Five-year CAGR stands at -15.1%.

FY2025 Free Cash Flow$662.0M▲ +58.0% YoY
Trailing 12M (TTM)$663.0Mtrailing 4 quarters sum
FCF Margin4.1%$662.0M ÷ revenue
3-Year CAGR-3.8%FY2022 → FY2025
5-Year CAGR-15.1%FY2020 → FY2025
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
uri free cash flow history · uri free cash flow chart · uri free cash flow growth rate · uri free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$662.0M▲ +58.0%4.1%
FY2024$419.0M▼ 33.9%2.7%
FY2023$634.0M▼ 14.7%4.4%
FY2022$743.0M▲ +51.3%6.4%
FY2021$491.0M▼ 67.3%5.0%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
uri free cash flow 2025 · uri free cash flow 2024 · uri free cash flow 2023 · uri operating cash flow

FCF valuation metrics

United Rentals, Inc. (URI) trades at a FCF yield of 0.98% and a price-to-free-cash-flow ratio of 105.8x. FCF per share stands at $10.30, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
0.98%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$10.30
TTM FCF ÷ Shares Outstanding
Price / FCF
x105.8
Share Price ÷ FCF per Share
EV / FCF (TTM)
x124.9
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
uri price to free cash flow · uri free cash flow yield · uri free cash flow per share · uri price to cash flow ratio

Cash flow statement summary

For FY2025, United Rentals, Inc. generated $5.19B in operating cash flow and spent 4.53B in capital expenditures, yielding $662.0M in free cash flow.

Operating Activities
+$5.19B
Cash from core business operations
2025-12-31
Investing Activities
−$3.37B
CapEx, acquisitions & investments
2025-12-31
Financing Activities
−$1.84B
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($5.19B) − |CapEx| (4.53B) = FCF ($662.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
uri cash flow statement · uri cash flow statement 2025 · uri operating cash flow · uri cash flow from operations

Free cash flow vs peers (Industrials)

#CompanyFree Cash FlowYoY
#1
United Rentals, Inc.
United Rentals, Inc.YOU
URI
$662.0M+58.0%
#2
Caterpillar Inc.
Caterpillar Inc.
CAT
$10.27B+16.5%#3
RTX Corporation
RTX Corporation
RTX
$7.94B+75.1%#4
GE Aerospace
GE Aerospace
GE
$7.26B+97.5%#5
The Boeing Company
The Boeing Company
BA
−$1.88B+87.0%#6
Space Exploration Technologies Corp.
Space Exploration Technologies Corp.
SPCX
−$13.95B-159.0%
Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

United Rentals, Inc. (URI) reported free cash flow of $662.0M for FY2025 (fiscal year ending 2025-12-31), up 58.0% year-over-year. The FCF margin was 4.1%.

Based on available data, United Rentals, Inc. has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $1.50B in FY2020. The 5-year CAGR stands at -15.1%.

United Rentals, Inc.'s FCF yield is 0.98% and price-to-FCF ratio is 105.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

URI free cash flow · 8 questions

United Rentals, Inc. free cash flow was $662.0M for FY2025, up 58.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $663.0M.

URI free cash flowURI FCFURI FCF 2025URI free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · United Rentals, Inc. · United Rentals, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026