United Rentals Inc (URI)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,388,000 | 3,211,000 | 2,802,000 | 1,846,000 | 1,139,000 |
| Revenue | US$ in thousands | 15,345,000 | 14,332,000 | 11,642,000 | 9,716,000 | 8,530,000 |
| Pretax margin | 22.08% | 22.40% | 24.07% | 19.00% | 13.35% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $3,388,000K ÷ $15,345,000K
= 22.08%
The pretax margin of United Rentals Inc has shown a positive trend over the past five years, increasing from 13.35% in 2020 to 22.08% in 2024. This indicates that the company has been able to improve its profitability before accounting for taxes during this period. The most significant jump in pretax margin occurred between 2021 and 2022, where it increased from 19.00% to 24.07%, showcasing a strong performance in managing operating expenses and generating higher revenue relative to costs. However, there was a slight dip in the pretax margin in 2023 to 22.40%, but it remained relatively strong compared to the initial years. Overall, the company's ability to consistently enhance its pretax margin signifies effective cost management and revenue generation strategies contributing to its financial performance.
Peer comparison
Dec 31, 2024