United Rentals Raises Rental Revenue 5.8 Percent in Third Quarter
United Rentals posted $3.665 billion in third quarter 2025 equipment rental revenue, compared to $3.463 billion in the third quarter of 2024, a 5.8-percent increase. Total revenue for Q325 was $4.229 billion compared to $3.992 billion in the third quarter a year ago, a 5.9-percent jump. Sales of used rental equipment was $333 million compared to $321 million in the third quarter last year, a 3.7-percent hike.
For the first nine months of 2025, total revenue reached $11.891 billion compared to $11.250 billion in the year-ago quarter, a 5.7-percent leap. Rental revenue for the first nine months of 2025 was $10.225 billion compared to $9.607 billion in the first three quarters of the year, a 6.4-percent incline.
For the first nine months of the year, sales of used equipment dropped from $1.069 billion a year ago to $1.027 billion this year, a 3.9-percent drop. Contractor supply sales increased from $116 million to $120 million, a 3.4-percent increase. Sales of new equipment jumped from $186 million to $240 million, a 29-percent jump.
“Our third-quarter results were again supported by our unrelenting focus on being the partner of choice to our customers as we serve their needs across both construction and industrial end-markets,” said Matthew Flannery, CEO of United Rentals. “Our team did an outstanding job as we continued to lean into growth across both our general rentals and specialty businesses, and our updated guidance reflects the momentum we expect to carry through the rest of the year.
“Looking ahead, we are encouraged by the growth opportunities our customers see on the horizon, particularly within large projects and across key verticals. The combination of our one-stop-shop model, unparalleled service levels, and industry-leading technology differentiates our value proposition to customers and enables us to outpace the market. I’m very proud of the company we continue to build, supported by a well-proven strategy focused on profitable growth, strong through-cycle free cash flow generation and prudent capital allocation, all of which create compelling long-term value for our shareholders.”
United Rentals, based in Stamford, Conn., is No. 1 on the RER 100.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.