Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.99B | 5.8% |
| Gross Profit | 1.65B | 8.6% |
| Cost of Revenue | 2.34B | 3.9% |
| Operating expense | 526M | 2.3% |
| Net Income | 708M | 11.3% |
| EBITDA | 1.23B | 10.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 28.4B | 2.9% |
| Total Liabilities | 19.8B | 2.6% |
| Total Equity | 8.58B | 3.6% |
| Shares Outstanding | 66M | 0.8% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.2B | 4.8% |
| Cash from investing | -1.17B | 1.6% |
| Cash from financing | -33M | 13.2% |
EPS
Financial Highlights for United Rentals in Q3 '24
United Rentals reported a revenue of 3.99B, which is a 5.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.65B, marking a 8.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.34B, a 3.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 526M, showing a 2.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 708M, showing a 11.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.23B, showing a 10.6% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for United Rentals with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
