United Rentals Inc (URI)

Operating 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
Operating income (ttm)	US$ in thousands	3,827,000	3,788,000	3,610,000	3,400,000	3,232,000	2,953,000	2,711,000	2,477,000	2,277,000	2,042,000	1,914,000	1,814,000	1,800,000	1,889,000	1,994,000	2,142,000	2,152,000	2,116,000	2,038,000	1,979,000
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
Operating profit margin		26.70%	27.25%	27.38%	27.41%	27.76%	26.55%	25.41%	24.32%	23.44%	22.15%	21.73%	21.44%	21.10%	21.70%	22.14%	22.89%	23.01%	23.00%	23.08%	23.48%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,827,000K ÷ $14,332,000K
= 26.70%

United Rentals, Inc.'s operating profit margin has shown stability and an overall positive trend over the past eight quarters, with the margin fluctuating within a relatively narrow range. The company's operating profit margin has consistently remained above 24% since March 2022, peaking at 27.76% in December 2022. This indicates efficient cost management and strong operational performance. However, there was a slight dip in the margin in the most recent quarter compared to the immediate previous quarter, which warrants further investigation into the factors contributing to this change. Overall, United Rentals, Inc. has demonstrated a strong ability to generate profits from its core operations during the period under review.