United Rentals Inc (URI)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	5,813,000	5,739,000	5,520,000	5,245,000	4,996,000	4,669,000	4,406,000	4,131,000	3,853,000	3,561,000	3,344,000	3,170,000	3,183,000	3,279,000	3,426,000	3,636,000	3,670,000	3,703,000	3,608,000	3,479,000
Revenue (ttm)	US$ in thousands	14,332,000	13,900,000	13,186,000	12,403,000	11,642,000	11,122,000	10,667,000	10,183,000	9,716,000	9,219,000	8,810,000	8,462,000	8,530,000	8,707,000	9,008,000	9,359,000	9,351,000	9,201,000	8,829,000	8,430,000
Gross profit margin		40.56%	41.29%	41.86%	42.29%	42.91%	41.98%	41.30%	40.57%	39.66%	38.63%	37.96%	37.46%	37.32%	37.66%	38.03%	38.85%	39.25%	40.25%	40.87%	41.27%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,813,000K ÷ $14,332,000K
= 40.56%

United Rentals, Inc.'s gross profit margin has shown a fluctuating trend over the past eight quarters. The margin decreased from 58.83% in Dec 2022 to 56.96% in Dec 2023, with a peak of 58.36% in Mar 2023. This indicates variability in the company's ability to generate profits from its revenue after accounting for the cost of goods sold. The downward trend suggests potential pressure on the company's pricing strategy or an increase in the cost of goods sold. Further analysis of the company's cost structure and pricing strategies may offer insights into these fluctuations.