United Rentals (MEX:URI) Operating Income: MXN74,745 Mil (TTM As of Mar. 2026)


MEX:URI United Rentals Inc MEX:URI
88 GF Score
Price MXN19,660.82
GF Value MXN15,050.12
Valuation Significantly Overvalued
! 9 Warning Signs
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What is United Rentals Operating Income?

United Rentals MEX:URI 88 Operating Income is MXN74,745 Mil as of Mar. 2026. GuruFocus rates MEX:URI with a GF Score™ of 88/100 and a GF Value™ of MXN15,050.12 (Significantly Overvalued). The stock has 9 warning signs investors should review.

United Rentals's Operating Income for the three months ended in Mar. 2026 was MXN16,482 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN74,745 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. United Rentals's Operating Income for the three months ended in Mar. 2026 was MXN16,482 Mil. United Rentals's Revenue for the three months ended in Mar. 2026 was MXN71,860 Mil. Therefore, United Rentals's Operating Margin % for the quarter that ended in Mar. 2026 was 22.94%.

Good Sign:

United Rentals Inc operating margin is expanding. Margin expansion is usually a good sign.

United Rentals's 5-Year average Growth Rate for Operating Margin % was 3.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. United Rentals's annualized ROC % for the quarter that ended in Mar. 2026 was 9.71%. United Rentals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.93%.


United Rentals  (MEX:URI) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

United Rentals's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=65927.552 * ( 1 - 24.25% )/( (519806.553 + 508522.14)/ 2 )
=49940.12064/514164.3465
=9.71 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=537758.237 - 21750.886 - ( 8264.616 - max(0, 68763.768 - 64964.566+8264.616))
=519806.553

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=538961.338 - 45153.881 - ( 2813.101 - max(0, 74420.953 - 59706.27+2813.101))
=508522.14

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

United Rentals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=63258.712/( ( (334870.009 + max(22038.978, 0)) + (336832.804 + max(11739.288, 0)) )/ 2 )
=63258.712/( ( 356908.987 + 348572.092 )/ 2 )
=63258.712/352740.5395
=17.93 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(45194.307 + 4321.368 + 7184.275) - (21750.886 + 3150.998 + 9759.088)
=22038.978

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(46181.745 + 4616.371 + 6095.053) - (45153.881 + 0 + -1.4551915228367E-11)
=11739.288

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

United Rentals's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=16481.888/71860.31
=22.94 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


United Rentals Operating Income Related Terms


United Rentals Operating Income Historical Data

* Premium members only.

The historical data trend for United Rentals's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

United Rentals Operating Income Chart

United Rentals Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46,812.95 63,011.07 65,435.73 84,840.99 71,554.65

United Rentals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16,468.85 18,885.69 20,435.44 18,942.00 16,481.89
MEX:URI
88GF Score
United Rentals Inc MEX:URI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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United Rentals Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN74,745 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of MXN74,745 Mil mean?
United Rentals (MEX:URI) has a Operating Income of MXN74,745 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on United Rentals and its competitors.
Is United Rentals' Operating Income too high?
United Rentals' current Operating Income is MXN74,745 Mil. Overall, United Rentals has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Rentals' Operating Income compare to SUNB and AER?
United Rentals' Operating Income of MXN74,745 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Business Services company?
A good Operating Income depends on the Business Services industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on United Rentals and its competitors. United Rentals's current Operating Income is MXN74,745 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Rentals stock overvalued right now?
Based on GuruFocus' analysis, United Rentals (MEX:URI) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN15,050.12, compared to a current price of MXN19,660.82 — trading 30.6% above its estimated fair value. The current Operating Income is MXN74,745 Mil. United Rentals' overall GF Score™ is 88/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For United Rentals (MEX:URI), the current Operating Income is MXN74,745 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is United Rentals (MEX:URI) Overvalued in 2026?

Based on GuruFocus' analysis, United Rentals stock appears to be overvalued. The current stock price of MXN19,660.82 is trading 30.6% above its estimated GF Value™ of MXN15,050.12. GuruFocus considers United Rentals to be Significantly Overvalued.

Key valuation signals for MEX:URI:

  • Operating Income: MXN74,745 Mil
  • GF Value™: MXN15,050.12 vs. price of MXN19,660.82 (30.6% above fair value)
  • GF Score™: 88/100 with 9 warning signs

No single metric tells the full story. See the MEX:URI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


United Rentals Business Description

Address 100 First Stamford Place, Suite 700, Stamford, CT, USA, 06902
United Rentals is the world's largest equipment rental company, principally operating in the US and Canada. It has 16% share in a highly fragmented market serving general industrial (49%), commercial construction (46%), and residential construction (5%). The company operates a $21 billion fleet of equipment, including aerial platforms, forklifts, excavators, trucks, power generators, and various other materials serving local and national accounts from nearly 1,600 locations in North America and 100 abroad. It has pursued a strategy of bundling specialty rental capabilities to offer its customers more advanced solutions in addition to its core equipment rental business, supporting its ambitions to become a one-stop shop for customers and enhance and maintain its margin profile.
88GF Score

Get the complete analysis for MEX:URI

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN19,660.82
Price
MXN15,050.12
GF Value