United Rentals, Inc.

URI · Technology · $66.2B mkt cap · FY2025 filings · Wide moat

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Wide moat

The four filters

Pricing power70

Median gross margin 168.5% over 10y, variable.

Returns on capital100

Median ROIC 37.5%, above the 9% hurdle in 100% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline73

Owner earnings +4.2%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

52% above value

Owner earnings (normalized): $2.4B
Est. intrinsic value / share: $691.52
Recent price: $1049.69
Discount to value: 52% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell URI. See the disclaimer.