Flagship explainer

How United Rentals, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$3.7B · 100%Cost of revenue$10.0B · 269%Gross profit$6.1B · 166%Operating income$4.0B · 108%Income before tax$3.3B · 90%Income tax$844M · 23%Net income$2.5B · 67%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$3.7B100%
Cost of revenue$10.0B269%
$6.1B166%
$4.0B108%
Income before tax$3.3B90%
Income tax$844M23%
$2.5B67%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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