United Rentals, Inc. stock research
FY2025 Q2
United Rentals (URI) Gross Margin — Quarter Ended Jun 30, 2025
Revenue decreased compared to the prior quarter, while gross profit increased, resulting in a higher gross margin. Compared to the same quarter last year, gross margin improved significantly, with gross profit remaining stable despite a negative revenue figure in the prior year.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue decreased compared to the prior quarter, while gross profit increased, resulting in a higher gross margin. Compared to the same quarter last year, gross margin improved significantly, with gross profit remaining stable despite a negative revenue figure in the prior year.
- The increase in gross profit alongside a decrease in revenue was the most observable driver of the stronger gross margin.
- Current quarter gross margin was higher than both the immediately preceding quarter and the same quarter one year earlier. Revenue was lower than the prior quarter but higher than the year-ago quarter, which had negative revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
175.8%
Gross profit
$1.5B
Revenue
$872.0M
Cost of revenue
$2.4B
Quarter-over-quarter change
+24.0 pts
Year-over-year change
+260.6 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2024 | -$1.8B | $1.5B | $2.3B | -84.8% |
| Sep 30, 2024 | $874.0M | $1.6B | $2.3B | 188.6% |
| Mar 31, 2025 | $893.0M | $1.4B | $2.4B | 151.8% |
| Jun 30, 2025 | $872.0M | $1.5B | $2.4B | 175.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+24.0 pts
Year-over-year change
Jun 30, 2024
+260.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The increase in gross profit alongside a decrease in revenue was the most observable driver of the stronger gross margin.
Current quarter gross margin was higher than both the immediately preceding quarter and the same quarter one year earlier. Revenue was lower than the prior quarter but higher than the year-ago quarter, which had negative revenue.
Monitor the evolution of gross profit relative to revenue, given the notable divergence between the two.