Company Profile
Public information reviewed
Equipment rental and worksite solutions across a global operating network.
Business, legal identity, ownership structure and classifications.
What the company does
United Rentals is the world's largest equipment rental company, serving construction, industrial, utility, municipal, and other customers through general rentals, specialty solutions, and digital worksite tools.
Record second-quarter performance and higher 2026 guidance increase the value of disciplined fleet investment and capital allocation. The board also faces specialty-margin, balance-sheet, technology, cyber, AI, and leadership-succession questions.
Operating presence
Public operating record: North America, Europe, Australia, New Zealand.
Sector and industry values retain their source labels. A classification provider, taxonomy version and assignment date are not established unless the cited record states them.
Stable business record
Ownership and listing state
United Rentals common stock is listed on the New York Stock Exchange under ticker URI.
Inspect status sourceSource-backed public-market identity
Current memberships are attached to a specific security and listing. Announcements, effective dates, and removals remain distinct states; Alpha does not infer membership from company size, exchange, or reputation.
As of Sep 24, 2026. Rights-filtered public evidence only; no redistribution or model training is granted.
Only source-backed memberships with an explicit public redistribution basis are returned.
Business model
Core rental network
Rents construction and industrial equipment including aerial work platforms, earthmoving equipment, material handling equipment, and general tools.
Equipment access · fleet services · used-equipment sales
Specialized worksite capabilities
Provides trench safety, power and HVAC, fluid solutions, tool solutions, onsite services, portable storage, and other specialist offerings.
Specialty equipment · engineered solutions · onsite support
Connected fleet and workflow tools
Connects customers to rental, fleet, telematics, utilization, and jobsite information through Total Control and mobile tools.
Fleet visibility · utilization data · digital workflows
Explore the roles, education and affiliations published in this record.
2017–present
current · verified
Dashed lines mark past roles. Select a connection to see its dates and sources.
Published record
Selected publications and public sources used to establish this profile. Inclusion records provenance; it is not an endorsement.
Board leadership, management, committees and their disclosed responsibilities.
Structured records are unavailable. This does not establish that no records exist.
Alpha Profiles
United Rentals' public record shows a board with substantial independence, assigned technology and cyber responsibilities, and current exposure to AI as both an operating capability and a governed enterprise risk.
Board size
11 directors
Inspect sourceIndependence
9 of 11 directors
Inspect sourceStanding committees
4
Inspect sourceDigital & Technology competency
6 directors
Inspect sourceAverage tenure
6 years
Inspect source2025 meeting attendance
100%
Inspect sourceThe company reports incorporating AI into products, services, and features and using AI in product development and operations.
Inspect sourceThe board reports receiving external perspectives during 2025 on technology, digital marketing, and artificial intelligence.
Inspect sourceThe full board oversees overall risk; the Audit Committee covers cyber and enterprise risk; the Strategy Committee covers technological and digital innovation; and the Nominating and Corporate Governance Committee monitors governance trends.
Inspect sourceThe company reports using artificial intelligence for automated threat detection and response within its cybersecurity program.
Inspect sourceThe reviewed board and committee disclosures do not identify a standing committee with an AI-specific mandate.
Inspect sourceThe reviewed annual report and proxy do not publish a governed AI-system inventory, AI lifecycle standard, or board-level AI control metrics.
Inspect source“Not publicly evidenced” means the reviewed public sources did not establish the named control. It does not mean the control is absent. This evidence record is not an Alpha rating, score, or recommendation.
Five-minute record
Strong large-project demand drove record second-quarter results and a second guidance increase. The board's immediate tradeoff is between accelerating fleet investment and returning capital while specialty margins, cyclicality, and below-investment-grade credit ratings remain important constraints.
Reported, calculated, estimated, unavailable, and Alpha-analysis fields are labeled separately. Calculations use the cited public inputs. Market observations are unpublished. Financial data reflects June 30, 2026 unless otherwise stated.
Share price
Not published
Market capitalization
Not published
Enterprise value
Not published
2026 revenue guidance
$17.5B-$17.8B
Net leverage
1.8x
Board independence
9 of 11 · 81.8%
Formula: 9 independent directors / 11 directors
Standing committees
4
Next earnings event
Not announced
What changed
Management raised its 2026 revenue range to $17.5 billion-$17.8 billion from $16.9 billion-$17.4 billion.
The 2026 adjusted EBITDA range increased to $7.975 billion-$8.125 billion from $7.625 billion-$7.875 billion.
Net rental capital expenditure guidance increased to $3.4 billion-$3.8 billion after higher planned gross purchases.
The second-quarter filing reports S&P BB+ with a positive outlook and Moody's Ba1 with a stable outlook as of July 20.
Alexander Taussig joined the board and Strategy Committee, adding software, venture-investment, and emerging-business-model experience.
Board agenda
Fleet investment and capital returns
Owner: Full board and Strategy
Specialty growth versus margin
Owner: Strategy and Audit
Investment-grade pathway
Owner: Audit and full board
Technology, cyber, and AI oversight
Owner: Audit, Strategy, and Governance
Chair, lead director, and committee succession
Owner: Nominating and Corporate Governance
Governance and leadership
United Rentals separates the CEO, non-executive chair, and lead independent director roles. Nine of 11 directors are independent. Audit, Compensation, Nominating and Corporate Governance, and Strategy committees divide oversight across financial controls, risk, cyber, safety, workforce, succession, technology, and strategic change.
Board chair
Michael J. Kneeland
Lead independent director
Gracia C. Martore
Average age
60 years
Average tenure
6 years
Women directors
36%
Racial or ethnic diversity
27%
Audit financial experts
3
2025 attendance
100%
Director record
Formal chair and member assignments are shown as supplied by the governed company record. Disclosed ex officio or informal participation remains distinct from formal committee service.
| Director | Board role | Independent | Since | Audit | Compensation | Governance | Strategy | Other committees | Governance relevance | Effective / source |
|---|---|---|---|---|---|---|---|---|---|---|
| Julie M. Heuer Brandt | Director | Yes | 2025 | None | None | Member | Member | Not stated | Industrial operations, commercial strategy, field execution, technology | Mar. 25, 2026 Source |
| Marc A. Bruno | Director | Yes | 2018 | None | Chair | Member | None | Not stated | Distributed operations, logistics, construction projects, P&L leadership | Mar. 25, 2026 Source |
| Larry D. De Shon | Director | Yes | 2021 | None | None | Chair | Member | Not stated | Public-company CEO, rental, fleet economics, international operations | Mar. 25, 2026 Source |
| Matthew J. Flannery | President and CEO; director | No | 2019 | None | None | None | Member | Not stated | Company strategy, rental operations, customer and market knowledge | Mar. 25, 2026 Source |
| Kim Harris Jones | Director | Yes | 2018 | Chair | Member | None | None | Not stated | Accounting, audit, finance, transformation, distribution | Mar. 25, 2026 Source |
| Terri L. Kelly | Director | Yes | 2018 | None | Member | None | Chair | Not stated | CEO leadership, innovation, culture, product, strategy | Mar. 25, 2026 Source |
| Michael J. Kneeland | Non-executive chair; former CEO | No | 2008 | Ex officio | Ex officio | Ex officio | Ex officio | Not stated | Rental-sector experience and institutional knowledge | Mar. 25, 2026 Source |
| Francisco J. Lopez-Balboa | Director | Yes | 2022 | Member | Member | None | None | Not stated | Finance, capital markets, M&A, technology, media | Mar. 25, 2026 Source |
| Gracia C. Martore | Lead independent director | Yes | 2017 | Member | None | None | None | Not stated | Public-company CEO and CFO, governance, capital allocation, cybersecurity | Mar. 25, 2026 Source |
| Shiv Singh | Director | Yes | 2017 | Member | None | Member | None | Not stated | Digital transformation, customer experience, innovation, marketing | Aug. 3, 2026 review Source |
| Alexander R. Taussig | Director | Yes | 2026 | None | None | None | Member | Not stated | Technology, software, venture investment, emerging business models | Aug. 3, 2026 review Source |
Committee architecture
Committee ownership is shown as disclosed. Cross-committee responsibilities still require coordination by the full board.
| Committee | Chair | Members | Disclosed meetings | Principal mandate | Freshness / source |
|---|---|---|---|---|---|
| Audit | Kim Harris Jones | Francisco J. Lopez-Balboa; Gracia C. Martore; Shiv Singh | 6 | Financial reporting, audit, internal controls, legal compliance, risk infrastructure, and cybersecurity | Current Mar. 25, 2026 Source |
| Compensation | Marc A. Bruno | Kim Harris Jones; Terri L. Kelly; Francisco J. Lopez-Balboa | 4 | Executive compensation, incentive design, performance, compensation risk, and succession-related compensation | Current Mar. 25, 2026 Source |
| Nominating and Corporate Governance | Larry D. De Shon | Julie M. Heuer Brandt; Marc A. Bruno; Shiv Singh | 3 | Board composition, succession, evaluations, governance, sustainability, safety, human capital, and political spending | Current Mar. 25, 2026 Source |
| Strategy | Terri L. Kelly | Julie M. Heuer Brandt; Larry D. De Shon; Matthew J. Flannery; Alexander R. Taussig | 3 | Corporate strategy, M&A, competitive conditions, technology, digital innovation, and disruptive trends | Current Fiscal 2025 Source |
Management
The profile separates current management authority from board oversight.
| Executive | Current role | SEC status | Governance relevance | Effective / source |
|---|---|---|---|---|
| Matthew J. Flannery | President and Chief Executive Officer; director | Named executive officer | Principal operating and strategic leader; CEO since 2019 | Mar. 25, 2026 Source |
| William E. "Ted" Grace | Executive Vice President and Chief Financial Officer | Named executive officer | Finance, treasury, risk, planning, and investor relations | Mar. 25, 2026 Source |
| Craig A. Pintoff | Executive Vice President and Chief Administrative Officer | Named executive officer | Administrative and human-capital functions | Mar. 25, 2026 Source |
| Michael D. Durand | Executive Vice President and Chief Operating Officer | Named executive officer | Sales, integrations, and operating excellence | Mar. 25, 2026 Source |
| Joli L. Gross | Senior Vice President, Chief Legal and Sustainability Officer, and Corporate Secretary | Named executive officer | Legal, governance, sustainability, and board process | Mar. 25, 2026 Source |
| Andrew B. Limoges | Vice President, Controller, and Principal Accounting Officer | Other executive officer | Accounting and SEC-reporting authority | June 30, 2026 Source |
| Anthony S. Leopold | Senior Vice President, Chief Technology and Strategy Officer | Other senior leader | Technology, digital, AI, and enterprise strategy | Jan. 28, 2026 Source |
Alpha analysis
These issues are Alpha analysis based on the cited public record. They are not an Alpha rating or a recommendation to buy or sell securities.
Higher fleet investment, a $5 billion repurchase authorization, dividends, M&A capacity, and the credit trajectory compete for the same capital.
Director question
Is buying stock near the current earnings multiple superior to debt reduction, fleet investment, or acquisitions?
Aug. 3, 2026
SourceSpecialty revenue grew rapidly while rental gross margin declined, making profitable growth and cost-to-serve visibility board-relevant.
Director question
Which sources of specialty growth are dilutive to margin, and for how long?
Quarter ended June 30, 2026
SourceNet debt is approximately $14.1 billion and credit ratings remain below investment grade despite a positive S&P outlook.
Director question
What operating and capital-allocation actions would secure investment-grade status?
Aug. 3, 2026
SourceDigital systems and AI can affect pricing, dispatch, maintenance, customer recommendations, workforce decisions, and cyber defense. Oversight responsibilities are distributed across committees.
Director question
Which AI systems can materially affect customers, employees, safety, or financial outcomes, and who is accountable for each?
Aug. 3, 2026 review
SourceThe chair and lead independent director are among the board's longest-tenured and oldest directors, while the board has recently added technology capability.
Director question
Who can assume the chair, lead independent director, and key committee roles under planned and emergency scenarios?
Aug. 3, 2026 review
SourceDisclosure boundary
The board is chaired by former chief executive Michael Kneeland, with Gracia Martore serving as lead independent director. Public disclosures assign broad risk oversight to the board and specific cyber, enterprise-risk, technology, innovation, and governance responsibilities across standing committees.
| Record | Status | Authority | Effective |
|---|---|---|---|
| Eleven-member elected board | Published | 2026 annual meeting results | 8 May 2026 |
| Nine independent directors | Published | 2026 proxy statement | Current at review |
| Board and committee risk oversight | Published | 2026 proxy statement | Current at review |
| Dedicated AI oversight mandate | Not asserted | Not established in reviewed public sources | Current at review |
This profile reports the current public governance record and observed AI oversight signals. It does not infer internal decision rights, control effectiveness, or unpublished practices.
Reported statements, original filings and proxy disclosures with their reporting periods.
Financial and market
Second-quarter revenue, adjusted EBITDA, operating income, net income, and diluted EPS reached company records or strong levels. The calculated valuation record uses the August 3 market observation and June 30 balance sheet. LTM measures use rounded annual and half-year inputs and are labeled accordingly.
Field-level record
Reported and calculated values are labeled separately. Formulas remain visible where Alpha performed the calculation.
| Measure | Value | Basis | Effective | Confidence | Formula / source |
|---|---|---|---|---|---|
| Cash | $0.112B | Reported | June 30, 2026 | Current High | Source |
| Gross debt | $14.230B | Reported | June 30, 2026 | Current High | $1.541B current + $12.689B long-term Source |
| Net debt | $14.118B | Calculated | June 30, 2026 | Current High | $14.230B gross debt - $0.112B cash Source |
| Enterprise value | Not published | Unavailable | Reviewed Aug. 3, 2026 | Unavailable High | Source |
| Q2 revenue | $4.410B | Reported | Quarter ended June 30, 2026 | Current High | Source |
| Q2 adjusted EBITDA | $2.056B | Reported | Quarter ended June 30, 2026 | Current High | Source |
| Q2 adjusted EBITDA margin | 46.6% | Reported | Quarter ended June 30, 2026 | Current High | Source |
| Q2 net income | $0.753B | Reported | Quarter ended June 30, 2026 | Current High | Source |
| Q2 diluted EPS | $12.03 | Reported | Quarter ended June 30, 2026 | Current High | Source |
| H1 free cash flow | $1.149B | Reported | Six months ended June 30, 2026 | Current High | Source |
| LTM revenue | Approx. $16.83B | Calculated | June 30, 2026 | Current Moderate | FY2025 $16.1B + H1 2026 $8.395B - H1 2025 $7.662B Source |
| LTM adjusted EBITDA | $7.662B | Calculated | June 30, 2026 | Current High | FY2025 $7.328B - H1 2025 $3.481B + H1 2026 $3.815B Source |
| LTM free cash flow | $2.132B | Calculated | June 30, 2026 | Current High | FY2025 $2.181B - H1 2025 $1.198B + H1 2026 $1.149B Source |
| EV / LTM revenue | Not published | Unavailable | Reviewed Aug. 3, 2026 | Unavailable Moderate | Source |
| EV / LTM adjusted EBITDA | Not published | Unavailable | Reviewed Aug. 3, 2026 | Unavailable High | Source |
| Net debt / LTM adjusted EBITDA | Approx. 1.85x | Calculated | June 30, 2026 | Current High | $14.118B net debt / $7.662B LTM adjusted EBITDA Source |
| Free-cash-flow yield | Not published | Unavailable | Reviewed Aug. 3, 2026 | Unavailable High | Source |
| Annualized dividend yield | Not published | Unavailable | Reviewed Aug. 3, 2026 | Unavailable High | Source |
| H1 program share repurchases | $0.750B | Reported | Six months ended June 30, 2026 | Current High | Source |
Field-level record
Reported and calculated values are labeled separately. Formulas remain visible where Alpha performed the calculation.
| Measure | Value | Basis | Effective | Confidence | Formula / source |
|---|---|---|---|---|---|
| Total revenue | $17.5B-$17.8B | Reported | July 22, 2026 | Current High | Source |
| Adjusted EBITDA | $7.975B-$8.125B | Reported | July 22, 2026 | Current High | Source |
| Net rental capital expenditures | $3.4B-$3.8B | Reported | July 22, 2026 | Current High | Source |
| Operating cash flow | $5.85B-$6.65B | Reported | July 22, 2026 | Current High | Source |
| Free cash flow excluding restructuring payments | $2.15B-$2.45B | Reported | July 22, 2026 | Current High | Source |
Coverage controls
Unavailable and stale information remains visible so it cannot be mistaken for current institutional data.
A reliable top-manager table requires normalized 13F data with quarter, amendment, and double-counting controls. Alpha does not merge 13F positions into beneficial ownership.
Aug. 3, 2026 review
SourceIssuer research coverage is public, but current ratings, price targets, and estimate dispersion require a reliable licensed or separately verified market-data feed.
Aug. 3, 2026 review
SourceThe company had not confirmed its third-quarter earnings date in the reviewed issuer record. Alpha does not present a third-party estimate as an official event.
Aug. 3, 2026 review
SourceLTM revenue and adjusted EBITDA use rounded fiscal-year inputs and precise half-year disclosures. Production automation should use reconciled XBRL facts.
June 30, 2026
SourceStructured records are unavailable. This does not establish that no records exist.
Structured records are unavailable. This does not establish that no records exist.
Structured records are unavailable. This does not establish that no records exist.
Ownership, funding and dated financial information.
Structured records are unavailable. This does not establish that no records exist.
Ownership and influence
The latest filer-side records supersede the proxy's stale 2023 Vanguard and BlackRock table. Alpha keeps beneficial ownership, insider ownership, Form 4 transactions, shareholder engagement, and 13F manager holdings separate because they answer different legal and influence questions.
Current reported >5% owner
Vanguard Capital Management · 7.5%
Directors and executives
297,603 shares · <1%
2025 outreach
28 holders · >60% of shares
Completed holder calls
10 holders · ~39% of shares
2026 say-on-pay support
94.4%
Formula: 49,202,747 for / (for + against + abstentions)
Filing-level ownership
Schedule 13G beneficial ownership and Form 4 insider transactions remain distinct from quarterly 13F investment-manager holdings.
| Reporting person | Record type | Reported position | Effective | Interpretation | Freshness / source |
|---|---|---|---|---|---|
| Vanguard Capital Management | Schedule 13G | 4,720,155 shares · 7.5% | Mar. 31, 2026 | Current greater-than-5% beneficial-ownership filing. The filer name is preserved exactly and is not conflated with The Vanguard Group. | CurrentSource |
| The Vanguard Group | Schedule 13G/A | 0 shares · below 5% | Mar. 13, 2026 | Exit amendment that supersedes the proxy's historical December 2023 figure for this filer. | CurrentSource |
| Capital International Investors | Schedule 13G/A | 672,850 shares · 1.1% | Dec. 31, 2025 | Reported below the 5% beneficial-owner threshold. | CurrentSource |
| William E. "Ted" Grace | Form 4 | Sold 1,500 shares · weighted average $1,133.1544 | July 24, 2026 | Latest insider transaction reviewed. A reported sale does not establish motive or investment view. | CurrentSource |
Ownership disclosures retain their reporting dates and source types. Economic ownership, investment discretion and voting authority are distinct. Activism and settlement-dated short interest are not established by holdings or short-sale volume.
Disclosed coverage, ratings and assurance scope.
Structured records are unavailable. This does not establish that no records exist.
Credit-rating evidence, where published, appears in the Governance and Basis sections with its source and reporting date. Insurance coverage, cyber ratings and assurance reports require their own issuer, scope, date and usage rights. Indemnification does not establish insurance coverage.
Structured records are unavailable. This does not establish that no records exist.
Structured records are unavailable. This does not establish that no records exist.
Identifiers, sources and record limitations.
Change record
Jul. 22, 2026
Jul. 22, 2026
Jun. 18, 2026
May 8, 2026
Mar. 25, 2026
Jan. 28, 2026
Feb. 4, 2026
Apr. 22, 2026
May 8, 2026
Jul. 20, 2026
Jul. 22, 2026
Jul. 22, 2026
Q2 2026
Sources
16 evidence records, matching Agent View. Records may refer to different locations or observations in the same document. This count is not a count of independent corroborating sources.
SEC filing · Source published: Date unavailable · Retrieved: Aug 3, 2026
SEC filing · Source published: Date unavailable · Retrieved: Aug 3, 2026
SEC filing · Source published: Date unavailable · Retrieved: Aug 3, 2026
Issuer record · Source published: Date unavailable · Retrieved: Aug 3, 2026
Issuer record · Source published: Date unavailable · Retrieved: Aug 3, 2026
Issuer record · Source published: Date unavailable · Retrieved: Aug 3, 2026
Issuer earnings release · Source published: Date unavailable · Retrieved: Aug 3, 2026
SEC filing · Source published: Date unavailable · Retrieved: Aug 3, 2026
SEC filing exhibit · Source published: Date unavailable · Retrieved: Aug 3, 2026
Issuer record · Source published: Date unavailable · Retrieved: Aug 3, 2026
SEC beneficial-ownership filing · Source published: Date unavailable · Retrieved: Aug 3, 2026
SEC beneficial-ownership filing · Source published: Date unavailable · Retrieved: Aug 3, 2026
SEC beneficial-ownership filing · Source published: Date unavailable · Retrieved: Aug 3, 2026
SEC insider-transaction filing · Source published: Date unavailable · Retrieved: Aug 3, 2026
Issuer filing index · Source published: Date unavailable · Retrieved: Aug 3, 2026
canonical identity · Source published: Date unavailable · Retrieved: Sep 24, 2026
