United Rentals Inc (URI)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,211,000 | 3,204,000 | 3,077,000 | 2,913,000 | 2,802,000 | 2,551,000 | 2,285,000 | 2,054,000 | 1,846,000 | 1,589,000 | 1,314,000 | 1,188,000 | 1,139,000 | 1,185,000 | 1,420,000 | 1,520,000 | 1,514,000 | 1,506,000 | 1,456,000 | 1,464,000 |
| 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 |
| Pretax margin | 22.40% | 23.05% | 23.34% | 23.49% | 24.07% | 22.94% | 21.42% | 20.17% | 19.00% | 17.24% | 14.91% | 14.04% | 13.35% | 13.61% | 15.76% | 16.24% | 16.19% | 16.37% | 16.49% | 17.37% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,211,000K ÷ $14,332,000K
= 22.40%
The pretax margin of United Rentals, Inc. has shown a fluctuating trend over the past eight quarters. It peaked at 24.07% in December 2022, before gradually declining and reaching its lowest point at 20.17% in March 2022. However, there has been a slight recovery since then, with the pretax margin increasing to 22.40% in December 2023. Despite the fluctuations, the company has maintained a relatively strong pretax margin throughout the period, indicating its ability to generate profits before accounting for taxes. The trend suggests that the company may have experienced varying levels of operating efficiency and cost management during the period.
Peer comparison
Dec 31, 2023