United Rentals Inc (URI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,827,000 | 3,232,000 | 2,277,000 | 1,800,000 | 2,152,000 |
| Revenue | US$ in thousands | 14,332,000 | 11,642,000 | 9,716,000 | 8,530,000 | 9,351,000 |
| Operating profit margin | 26.70% | 27.76% | 23.44% | 21.10% | 23.01% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,827,000K ÷ $14,332,000K
= 26.70%
The operating profit margin of United Rentals, Inc. has exhibited fluctuations over the past five years. In 2023, the operating profit margin decreased to 26.90% from 27.76% in 2022. Despite this slight decline, the margin remains relatively high, indicating efficient cost management and strong operational performance. Comparing these figures to 2020 and 2011, there appears to be a positive trend, reflecting improvements in the company's ability to generate profits from its core operations. This consistent performance suggests the company's ability to maintain healthy margins, which is a favorable indicator of its overall financial health.
Peer comparison
Dec 31, 2023