United Rentals Reports Q4 Earnings

Equipment rental company falls short of Wall Street expectations

Jan. 28, 2026 at 4:23pm

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United Rentals Inc., a major equipment rental company, reported fourth-quarter earnings of $653 million, or $10.27 per share. However, the results missed Wall Street expectations, with earnings per share of $11.09 falling short of the average analyst estimate of $11.90. The company also posted revenue of $4.21 billion in the quarter, below the $4.26 billion expected by analysts.

Why it matters

United Rentals is a bellwether for the construction and infrastructure industries, so its quarterly earnings provide insight into the health of those sectors. The company's performance can also signal broader economic trends, as equipment rental demand is closely tied to overall business activity.

The details

For the full year, United Rentals reported a profit of $2.49 billion, or $38.61 per share, on revenue of $16.1 billion. The company expects full-year 2023 revenue to be in the range of $16.8 billion to $17.3 billion.

  • United Rentals reported its fourth-quarter 2022 earnings on January 28, 2026.

The players

United Rentals Inc.

A major equipment rental company based in Stamford, Connecticut.

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The takeaway

United Rentals' mixed quarterly results highlight the ongoing challenges facing the construction and infrastructure sectors, which are grappling with supply chain disruptions, labor shortages, and economic uncertainty. The company's outlook for 2023 will be closely watched as an indicator of broader industry trends.