United Rentals Inc (URI)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	6,150,000	6,074,000	6,011,000	5,918,000	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
Revenue (ttm)	US$ in thousands	15,345,000	14,978,000	14,751,000	14,532,000	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
Gross profit margin		40.08%	40.55%	40.75%	40.72%	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%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,150,000K ÷ $15,345,000K
= 40.08%

United Rentals Inc has shown a fluctuating trend in its gross profit margin over the analyzed periods. The gross profit margin started at 38.85% on March 31, 2020, and declined slightly to 37.32% by December 31, 2020. However, from March 31, 2021, there was a gradual improvement in the gross profit margin reaching 40.08% by December 31, 2024.

Overall, the company experienced some volatility in its gross profit margin but managed to increase it over the analyzed periods, indicating improved efficiency in generating profits from its core operations. This upward trend in the gross profit margin reflects positively on United Rentals Inc's ability to control production costs and enhance profitability.