United Rentals Inc (URI)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	2,424,000	2,105,000	1,386,000	890,000	1,174,000
Revenue	US$ in thousands	14,332,000	11,642,000	9,716,000	8,530,000	9,351,000
Net profit margin		16.91%	18.08%	14.27%	10.43%	12.55%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $2,424,000K ÷ $14,332,000K
= 16.91%

The net profit margin of United Rentals, Inc. has shown fluctuations over the past five years. In 2023, the net profit margin was 16.91%, a slight decrease from 18.08% in 2022. This decrease may indicate a decrease in profitability relative to the prior year. However, the net profit margin in 2023 was still higher than in 2021 and 2020, suggesting that the company's profitability improved compared to those years.

The net profit margin in 2021 was 14.27%, showing a moderate increase compared to 2020, when it stood at 10.43%. This increase signifies an improvement in the company's ability to convert revenue into profit. Furthermore, the net profit margin in 2020 increased from 12.55% in 2019, indicating enhanced profitability during that period.

Overall, while the net profit margin has fluctuated, there are indications of both improvement and decline in profitability over the past five years. Further analysis of the company's financial and operational performance would be necessary to fully understand the factors driving these fluctuations.