United Rentals, Inc. (URI)财务
NYSE · Industrials · Rental & Leasing Services · 员工28,500人 · CEO Matthew J. Flannery
- 股价
- $1,170.05 -2.39%
- 市值
- $724亿
- 企业价值
- $882亿
- 最近财报
- Q3 '26 2026-10-21提交
- 下次财报
- 2027-01-27 EPS预期 $14.14
营收(TTM)$175亿+9.4% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)25.5%+0.5 百分点 对比去年同期营业利润 $44.7亿
净利润(TTM)$28.6亿+12.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$8.92亿+98.2% 对比去年同期资本支出 $53亿
稀释EPS(TTM)$45.16+16.1% 对比去年同期最近4个季度之和
净现金-$157亿-6.9% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $724亿 EV $882亿
- 营收
- $175亿 过去12个月
- 营收增速
- +12% FY2026年一致预期
- 净利润率
- 16.3% 净利润 / 营收,TTM
- P/E
- 25.8× 预期 22.6×(FY2026)
- P/S
- 4.1× 股价 / 营收,TTM
- EV / EBITDA
- 11.3× TTM
- 自由现金流
- $8.92亿 过去12个月
- 净利润
- $28.6亿 过去12个月
- 营收预期
- $181亿 FY2026年一致预期
- 盈利
- 2027-01-27 营收预期 $48亿
- 股息
- $7.70 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-21):营收超预期3.9%,EPS 超预期11.3%营收$48.9亿,预期$47.1亿(+3.9%);EPS $15.55,预期$13.97(+11.3%)。
- 营收增长加速:同比15.7%Q3 '26营收$48.9亿,此前四个季度的平均值为6.9%。
- 营业利润率25.5%(TTM),较去年同期+0.5 百分点营收增长9.4%,营业利润增长11.4%。
- 税前利润的17.2%被营业外亏损吞噬税前利润$38.1亿,营业利润$44.7亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的30.3%(去年为28.3%)最近4个季度投入$53亿(同比+16.9%)。自由现金流$8.92亿,相当于净利润的31.2%。
- 股东回报$23.1亿 = 自由现金流的258.6%回购$18.2亿(去年为$17.4亿),股息$4.85亿,股权激励$1.54亿(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内减少3.1%Q3 '26稀释股数6230万,一年前为6430万。
- 净债务 $157亿现金 + 短期投资 $1.53亿,含租赁债务 $159亿;一年前净债务 $147亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $48.9亿 | $42.3亿 | +15.7% |
| 毛利率 | 41.8% | 36.8% | +5.0 百分点 |
| 营业利润 | $14.1亿 | $11.1亿 | +26.5% |
| 营业利润率 | 28.8% | 26.3% | +2.5 百分点 |
| 净利润 | $9.2亿 | $7.01亿 | +31.2% |
| 稀释EPS | $14.77 | $10.91 | +35.4% |
| 经营现金流 | $16.3亿 | $11.8亿 | +37.9% |
| 资本支出 | $17.3亿 | $15.5亿 | +12.2% |
| 自由现金流 | -$1.05亿 | -$3.65亿 | +71.2% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $4300万 | $3200万 | +34.4% |
实际 vs 一致预期
2026-10-21| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $48.9亿 | $47.1亿 | +3.9% |
| EPS(一致预期口径) | $15.55 | $13.97 | +11.3% |
来自2026-10-21发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Owned Equipment Rentals | $33.2亿 | +12.9% | 67.8% | $118亿 | +8.1% | |
| Ancillary and Other Rental Revenue | $8.71亿 | +33.0% | 17.8% | $29.6亿 | +21.8% | |
| Rental Equipment | $3.48亿 | +4.5% | 7.1% | $14.1亿 | -4.4% | |
| Re-rent Revenue | $1.29亿 | +76.7% | 2.6% | $3.74亿 | +38.5% | |
| New Equipment | $8400万 | -11.6% | 1.7% | $3.62亿 | +7.7% | |
| Service and Other Revenues | $9800万 | +5.4% | 2.0% | $3.81亿 | +4.4% | |
| Contractor Supplies | $4700万 | +9.3% | 1.0% | $1.74亿 | +9.4% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $61.9亿
- 资本支出
- -$53亿
- 股票回购
- -$18.2亿
- 股息
- -$4.85亿
- 收购
- -$8.62亿
- 债务净发行
- $3.45亿
- 股权激励费用
- $1.54亿
- 自由现金流
- $8.92亿
- 股东回报 / FCF
- 258.6%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 25.8× | 16.9× | 11.9× – 20.9× |
| EV / EBITDA | 11.3× | 8.2× | 6.8× – 9.5× |
| EV / 营收 | 5.0× | 3.7× | 3.2× – 4.2× |
| 股价 / FCF | 81.2× | 67.0× | 33.8× – 111.5× |
| 股价 / 净资产 | 7.5× | 4.7× | 3.6× – 5.8× |
| FCF收益率 | 1.2% | 1.8% | 0.9% – 3.0% |
| 投入资本回报率 | 11.4% | 11.0% | 9.2% – 12.3% |
| 净资产收益率 | 31.0% | 28.1% | 23.1% – 29.9% |
分析师
一致目标价 $1,293.15 (+10.5%)
区间 $950.00 – $1,450.00 · 评级 Buy
强烈买入0
买入28
持有8
卖出5
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $181亿 | +12.2% | $51.81 | +34.2% | 22.6× | 14 |
| FY2027 | $199亿 | +10.2% | $61.31 | +18.3% | 19.1× | 14 |
| FY2028 | $216亿 | +8.4% | $69.28 | +13.0% | 16.9× | 12 |
| FY2029 | $236亿 | +9.6% | $87.47 | +26.3% | 13.4× | 9 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
United Rentals, Inc.在近期10-Q / 10-K文件中标记的全部225项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $16.9亿 | $12.8亿 | +32.1% | $7.76亿 | $7.48亿 | +3.7% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $31亿 | $25.8亿 | +20.0% | $25.1亿 | $23.6亿 | +6.5% |
| Accounts Receivable, Allowance for Credit Loss, Current | $1.85亿 | $1.8亿 | +2.8% | $1.8亿 | $1.86亿 | -3.2% |
| Accrued Income Taxes, Noncurrent | $900万2025-12-31 | $0 | – | $900万 | $0 | – |
| Accrued Liabilities, Current | $17.1亿 | $13.9亿 | +23.5% | $14.7亿 | $14亿 | +4.9% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$2.97亿 | -$2.83亿 | -4.9% | -$2.49亿 | -$4.05亿 | +38.5% |
| Additional Paid in Capital | $28.5亿 | $27.5亿 | +3.5% | $27.7亿 | $26.9亿 | +2.9% |
| Amortization of Debt Issuance Costs and Discounts | $400万2026-03-31 | $400万 | 0.0% | $1500万 | $1500万 | 0.0% |
| Amortization of Intangible Assets | – | – | – | $2.38亿 | $2.58亿 | -7.8% |
| Assets | $328亿 | $301亿 | +9.0% | $299亿 | $282亿 | +6.0% |
| Assets, Current | $39.9亿 | $37.8亿 | +5.3% | $36.1亿 | $32.5亿 | +11.0% |
| Business Combination, Contingent Consideration, Liability, Noncurrent | $02025-12-31 | $2400万 | -100.0% | $0 | $2400万 | -100.0% |
| Cash and Cash Equivalents, at Carrying Value | $1.53亿 | $5.12亿 | -70.1% | $4.59亿 | $4.57亿 | +0.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.53亿 | $5.12亿 | -70.1% | $4.59亿 | $4.57亿 | +0.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$3.03亿2026-03-31 | $8500万 | -456.5% | $200万 | $9400万 | -97.9% |
| Common Stock, Dividends, Per Share, Declared | $1.97 | $1.79 | +10.1% | $7.16 | $6.52 | +9.8% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 5亿 | 5亿 | 0.0% | 5亿 | 5亿 | 0.0% |
| Common Stock, Shares, Issued | 1.15亿 | 1.15亿 | +0.1% | 1.15亿 | 1.15亿 | +0.2% |
| Common Stock, Shares, Outstanding | 6200万 | 6380万 | -2.8% | 6310万 | 6530万 | -3.4% |
| Common Stock, Value, Issued | $100万 | $100万 | 0.0% | $100万 | $100万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $9.3亿 | $6.72亿 | +38.4% | $26.5亿 | $24亿 | +10.5% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $0 | $0 | – | $0 | $0 | – |
| Contract with Customer, Liability | $2.43亿 | $1.81亿 | +34.3% | $1.75亿 | $1.85亿 | -5.4% |
| Contract with Customer, Liability, Current | $1.75亿2025-12-31 | $1.85亿 | -5.4% | $1.75亿 | $1.85亿 | -5.4% |
| Contract with Customer, Liability, Revenue Recognized | $0 | $0 | – | $0 | $0 | – |
| Contract with Customer, Performance Obligation Satisfied in Previous Period | $0 | $0 | – | $0 | $0 | – |
| Contract with Customer, Refund Liability, Current | $2.17亿2025-12-31 | $2.02亿 | +7.4% | $2.17亿 | $2.02亿 | +7.4% |
| Cooperative Advertising Amount | – | – | – | $6300万 | $6400万 | -1.6% |
| Cost of Revenue | $28.5亿 | $25.6亿 | +11.0% | $99.6亿 | $92亿 | +8.3% |
| Cost, Depreciation and Amortization | $7.42亿 | $6.84亿 | +8.5% | $26.7亿 | $24.7亿 | +8.3% |
| Current Federal Tax Expense (Benefit) | – | – | – | $2.67亿 | $6.28亿 | -57.5% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $6600万 | $6400万 | +3.1% |
| Current Income Tax Expense (Benefit) | – | – | – | $4.39亿 | $8.32亿 | -47.2% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1.06亿 | $1.4亿 | -24.3% |
| Debt and Lease Obligation | $147亿 | $141亿 | +3.7% | $142亿 | $134亿 | +6.1% |
| Debt, Current | $16.1亿 | $15.5亿 | +3.8% | $15.8亿 | $11.8亿 | +33.9% |
| Decrease in Unrecognized Tax Benefits is Reasonably Possible | $600万2025-12-31 | $1200万 | -50.0% | $600万 | $1200万 | -50.0% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $3.63亿 | -$800万 | +4,637.5% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $300万 | -$100万 | +400.0% |
| Deferred Income Tax Expense (Benefit) | $8300万2026-03-31 | -$1600万 | +618.8% | $4.05亿 | -$1900万 | +2,231.6% |
| Deferred Income Tax Liabilities, Net | $35.9亿 | $29.7亿 | +21.0% | $31.2亿 | $26.9亿 | +16.0% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $3900万 | -$1000万 | +490.0% |
| Deferred Tax Assets, Gross | $6.79亿2025-12-31 | $6.39亿 | +6.3% | $6.79亿 | $6.39亿 | +6.3% |
| Deferred Tax Assets, Net of Valuation Allowance | $6.75亿2025-12-31 | $6.34亿 | +6.5% | $6.75亿 | $6.34亿 | +6.5% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $2.09亿2025-12-31 | $2.09亿 | 0.0% | $2.09亿 | $2.09亿 | 0.0% |
| Deferred Tax Assets, Valuation Allowance | $400万2025-12-31 | $500万 | -20.0% | $400万 | $500万 | -20.0% |
| Deferred Tax Liabilities, Deferred Expense, Capitalized Interest | $02025-12-31 | $200万 | -100.0% | $0 | $200万 | -100.0% |
| Deferred Tax Liabilities, Intangible Assets | $1.27亿2025-12-31 | $8100万 | +56.8% | $1.27亿 | $8100万 | +56.8% |
| Deferred Tax Liabilities, Leasing Arrangements | $3.66亿2025-12-31 | $3.43亿 | +6.7% | $3.66亿 | $3.43亿 | +6.7% |
| Deferred Tax Liabilities, Net | $31.2亿2025-12-31 | $26.9亿 | +16.0% | $31.2亿 | $26.9亿 | +16.0% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $33亿2025-12-31 | $28.9亿 | +14.0% | $33亿 | $28.9亿 | +14.0% |
| Defined Contribution Plan, Cost | – | – | – | $6500万 | $5900万 | +10.2% |
| Depreciation, Depletion and Amortization, Nonproduction | $1.11亿 | $1.09亿 | +1.8% | $4.38亿 | $4.37亿 | +0.2% |
| Direct Costs of Leased and Rented Property or Equipment | $17.6亿 | $15.3亿 | +15.0% | $58.9亿 | $53.7亿 | +9.7% |
| Earnings Per Share, Basic | $14.79 | $10.93 | +35.3% | $38.71 | $38.82 | -0.3% |
| Earnings Per Share, Diluted | $14.77 | $10.91 | +35.4% | $38.61 | $38.69 | -0.2% |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | -$600万2026-03-31 | $200万 | -400.0% | $2200万 | -$3000万 | +173.3% |
| Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount | – | – | – | $7.01亿 | $7.12亿 | -1.5% |
| Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | – | – | – | 21.0% | 21.0% | 0.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01