United Rentals Inc (URI)

Net 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
Net income (ttm)	US$ in thousands	2,424,000	2,384,000	2,287,000	2,189,000	2,105,000	1,947,000	1,750,000	1,550,000	1,386,000	1,202,000	1,001,000	920,000	890,000	931,000	1,114,000	1,172,000	1,174,000	1,146,000	1,088,000	1,088,000
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
Net profit margin		16.91%	17.15%	17.34%	17.65%	18.08%	17.51%	16.41%	15.22%	14.27%	13.04%	11.36%	10.87%	10.43%	10.69%	12.37%	12.52%	12.55%	12.46%	12.32%	12.91%

December 31, 2023 calculation

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

United Rentals, Inc.'s net profit margin has shown some fluctuations over the past eight quarters. It peaked at 18.08% in December 2022 and reached its lowest value of 15.22% in March 2022. Despite these fluctuations, the company has generally maintained a relatively healthy net profit margin, with the latest reported figure at 16.91% as of December 2023. This indicates that the company is efficiently managing its costs and expenses in relation to its revenue, although there may be some room for improvement in maintaining a consistent level of profitability.