United Rentals Inc (URI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 6,150,000 | 5,813,000 | 4,996,000 | 3,853,000 | 3,183,000 |
| Revenue | US$ in thousands | 15,345,000 | 14,332,000 | 11,642,000 | 9,716,000 | 8,530,000 |
| Gross profit margin | 40.08% | 40.56% | 42.91% | 39.66% | 37.32% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $6,150,000K ÷ $15,345,000K
= 40.08%
United Rentals Inc has demonstrated a positive trend in its gross profit margin over the past five years. Starting at 37.32% on December 31, 2020, the margin increased steadily to 39.66% by December 31, 2021, and further improved to 42.91% by December 31, 2022. However, there was a slight dip in the margin to 40.56% by the end of December 31, 2023, followed by a marginal decrease to 40.08% as of December 31, 2024. This indicates the company's ability to effectively manage production costs and generate profits from its core business activities. The fluctuation in the gross profit margin should be further monitored to understand its implications on United Rentals Inc's overall financial performance.
Peer comparison
Dec 31, 2024