Stock Analysis on Net
Stock Analysis on Net

United Rentals Inc. (NYSE:URI)

$22.49

This company has been moved to the archive! The financial data has not been updated since January 25, 2023.

Analysis of Revenues

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Revenues as Reported

United Rentals Inc., income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Owned equipment rentals
Re-rent revenue
Delivery and pick-up
Other
Ancillary and other rental revenues
Equipment rentals
Sales of rental equipment
Sales of new equipment
Contractor supplies sales
Service and other revenues
Revenues

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Owned equipment rentals
The value shows an overall upward trend from 2018 to 2022, increasing from $5,946 million to $8,310 million. Notably, there was a decline in 2020 to $6,056 million, likely due to external factors affecting that year, followed by a steady recovery and growth in subsequent years.
Re-rent revenue
This category exhibits steady growth throughout the period, rising from $138 million in 2018 to $235 million in 2022. The growth is consistent year over year, with a notable increase between 2020 and 2021.
Delivery and pick-up
Revenue from delivery and pick-up also shows consistent growth, increasing from $477 million in 2018 to $799 million in 2022. There is a slight dip in 2020, similar to owned equipment rentals, but the subsequent years show robust recovery and growth.
Other
This category has a steady upward trajectory, increasing from $379 million in 2018 to $772 million in 2022. Similar to other revenue streams, a dip is present in 2020, followed by significant growth in 2021 and 2022.
Ancillary and other rental revenues
There is a clear consistent increase in ancillary and other rental revenues from $856 million in 2018 to $1,571 million in 2022. The trend is mostly positive with a minor decrease in 2020, then strong recovery and growth thereafter.
Equipment rentals
Overall equipment rental revenues follow the pattern seen in individual rental components, increasing from $6,940 million in 2018 to $10,116 million in 2022. The decline in 2020 to $7,140 million suggests an impact that year, but growth resumes strongly afterward.
Sales of rental equipment
Sales of rental equipment show growth from $664 million in 2018 to a peak in 2021 at $968 million, followed by a slight decline to $965 million in 2022. The increase indicates expanding sales activities until 2021, with stabilization thereafter.
Sales of new equipment
This category declines consistently over the period from $208 million in 2018 to $154 million in 2022. The trend indicates reduced sales in new equipment, with the most significant decrease occurring after 2019.
Contractor supplies sales
Contractor supplies sales demonstrate steady growth, increasing from $91 million in 2018 to $126 million in 2022, reflecting a gradual expansion of this revenue stream.
Service and other revenues
This revenue stream shows persistent growth, rising from $144 million in 2018 to $281 million in 2022. The growth is consistent year-over-year, nearly doubling over the five-year span.
Revenues
Total revenues exhibit a generally increasing trend, growing from $8,047 million in 2018 to $11,642 million in 2022. Despite a dip in 2020 to $8,530 million, the recovery in the following years is significant, with increases of approximately 14% and 20% in 2021 and 2022 respectively.