United Rentals Inc (URI)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,211,000 | 2,802,000 | 1,846,000 | 1,139,000 | 1,514,000 |
| Revenue | US$ in thousands | 14,332,000 | 11,642,000 | 9,716,000 | 8,530,000 | 9,351,000 |
| Pretax margin | 22.40% | 24.07% | 19.00% | 13.35% | 16.19% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,211,000K ÷ $14,332,000K
= 22.40%
The pretax margin of United Rentals, Inc. has shown fluctuations over the past five years. In 2023, the pretax margin decreased to 22.40% from 24.07% in 2022. This decline could be attributed to various factors such as changes in operating expenses, interest expenses, or other non-operating items. However, it's worth noting that the pretax margin in 2023 still remained higher than the margins recorded in 2021, 2020, and 2019, indicating a relatively strong performance in terms of profitability before considering taxes. Overall, further analysis and examination of the company's financial statements and operating activities would be required to provide a comprehensive understanding of the observed fluctuations.
Peer comparison
Dec 31, 2023