United Rentals Q4 revenue and profit rise; 2025 outlook calls for further growth
United Rentals reported fourth-quarter 2024 total revenue of $4.095 billion, up from $3.728 billion a year earlier, and net income of $689 million, up 1.5%. Net income margin fell 140 basis points to 16.8%, and the company's 2025 outlook projects total revenue of $15.6 billion to $16.1 billion, excluding the pending H&E acquisition. The company also raised its quarterly dividend 10% to $1.79 per share and paused share repurchases while the H&E deal is pending, with closing expected in the first quarter of 2025.
Key points
- Q4 2024 total revenue $4.095 billion vs $3.728 billion a year earlier; diluted EPS $10.47 vs $10.01; adjusted EPS $11.59
- Net income margin fell 140 basis points to 16.8%; adjusted EBITDA margin fell 210 basis points to 46.4%
- 2025 outlook: total revenue $15.6 billion to $16.1 billion; adjusted EBITDA $7.2 billion to $7.45 billion; excludes pending H&E acquisition
- Quarterly dividend raised 10% to $1.79 per share, payable February 26, 2025; share repurchases paused, with about $250 million of authorization remaining
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 29, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.