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.

Return on Equity (ROE)
since 2005

Microsoft Excel

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Calculation

United Rentals Inc., ROE, long-term trends, calculation

Microsoft Excel

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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


The analysis of the financial data reveals several notable trends in net income, stockholders’ equity, and return on equity (ROE) over the period from 2005 to 2022.

Net Income (Loss)
The net income demonstrated an increasing trend initially from 187 million in 2005 to 362 million in 2007, followed by a sharp decline into negative territory during the financial downturn years of 2008 to 2010, with a substantial loss of 704 million in 2008. Subsequently, there was a recovery starting in 2011, with net income returning to positive figures and showing consistent growth thereafter. The net income peaked notably at 1,346 million in 2017 and continued to increase, reaching the highest value in 2022 at 2,105 million. This indicates a strong recovery and growth phase after the financial crisis period.
Stockholders’ Equity (Deficit)
The stockholders’ equity followed a similar pattern to net income, with growth from 1,229 million in 2005 to a peak of 2,018 million in 2007. This was followed by a severe decline to near zero and negative values in 2008 and 2009, reflecting the financial distress experienced during that period. After 2010, equity recovered significantly, demonstrating a strong upward trend. By 2012, equity rose sharply to 1,543 million, continuing its growth trend until it reached 7,062 million by 2022. This consistent rise over the latter years highlights strengthening capital position and retained earnings.
Return on Equity (ROE)
The ROE showed moderate stability from 2005 to 2007, averaging around 15% to 18%. Data gaps are present during the crisis years, but from 2011 onwards, the ratio exhibited substantial volatility. Notably, in 2011, ROE spiked to an exceptionally high value of 157.81%, likely influenced by very low or negative equity base in the preceding periods. Roc values normalized after this anomaly, stabilizing between 20% and 40%, denoting strong profitability relative to shareholders’ equity. Some fluctuation occurred, with a gradual decline towards around 19.58% in 2020, before recovering above 29% by 2022, suggesting improving efficiency in generating returns for investors in recent years.

Collectively, the financial indicators illustrate a period of volatility corresponding to the global financial crisis, followed by a robust phase of recovery and growth. The improvements in net income and equity base coupled with sustainable ROE ratios in recent years emphasize the company's enhanced financial stability and profitability.


Comparison to Competitors

United Rentals Inc., ROE, long-term trends, comparison to competitors

Microsoft Excel

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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Capital Goods)


Comparison to Industry (Industrials)