Sunbelt Rentals Holdings, Inc. (SUNB)
Extended size range · 0.48x market cap
Rental & Leasing Services
YouTube · Q4 FY2026 · 2026-06-24
URI · NYSE
Rental & Leasing Services · United States
Snapshot 2026-11-11 · Latest financial period 2026-09-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2027-01-27 (provider estimate; issuer confirmation unavailable here).
United Rentals, Inc., through its subsidiaries, operates as an equipment rental company in the United States, Canada, Europe, Australia, and New Zealand. It operates through two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, including boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities. The specialty segment rents trench safety equipment consists of trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers, and line testing equipment for underground work; power and heating, ventilating, and air conditioning equipment, such as portable diesel generators, electrical distribution equipment, and temperature control equipment; fluid solutions equipment for fluid containment, transfer, and treatment; surface protection mats; and mobile storage equipment and modular office space. This segment serves construction companies involved in infrastructure projects, and municipalities and industrial companies. The company also sells aerial lifts, reach forklifts, telehandlers, compressors, and generators; construction consumables, tools, small equipment, and safety supplies; and parts for equipment that is owned by its customers, as well as provides repair and maintenance services. It sells used equipment through its sales force, brokers, website, at auctions, and directly to manufacturers. United Rentals, Inc. was incorporated in 1997 and is headquartered in Stamford, Connecticut.
Company websiteQ3 2026
Q3 2026 REPORT HIGHLIGHTS
United Rentals raises revenue and profit guidance while free-cash-flow guidance stays flat; fleet productivity, investment timing and valuation decide what owners receive.
Rental revenue rose 17.8%, including a 6.5% fleet-productivity contribution. That measure combines rates, utilization and mix; it is not a pure pricing claim.
Quarterly Specialty rental revenue reached $1.704B and rental gross profit $811M, while General Rentals also expanded its margin.
Management raised revenue and adjusted EBITDA guidance, alongside equipment investment. Free cash flow excluding restructuring remains $2.15–2.45B.
Nine-month issuer FCF of $1.421B compares with $1.496B of program repurchases and dividends; acquisitions and financing sit outside that simple comparison.
Our $980 anchor balances earnings, enterprise value and equity cash yield. We require sustained productivity and cash delivery before paying more.
Comparable businesses
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | URIUnited Rentals, Inc.Snapshot 2026-11-11Financial period: 2026-09-30 | SUNBSunbelt Rentals Holdings, Inc.Snapshot 2026-11-11Financial period: 2026-07-31 | RRyder System, Inc.Snapshot 2026-11-11Financial period: 2026-09-30 |
|---|---|---|---|
| Market capMarket value, converted to USD | US$71.25B | US$34.14B | US$10.79B |
| Forward P/EProvider forward earnings estimate | 18.73x | 17.21x | 15.57x |
| EV / EBITDAEnterprise value / trailing EBITDA | 16.69x | 15.43x | 6.67x |
| Revenue growthLatest quarter vs prior-year quarter | 15.7% | 11.2% | 8.3% |
| Operating marginLatest reported quarter | 26.3% | 21.3% | 8.0% |
| Free cash flow yieldTrailing cash flow / market cap | 3.0% | 5.1% | 14.2% |
| Net debt / EBITDANet debt / trailing EBITDA | 3.12x | 3.93x | 2.84x |
| Debt / equityTotal debt / positive book equity | 1.64x | 1.53x | 2.75x |
| Trailing P/ETrailing twelve-month earnings | 25.33x | 25.17x | 21.50x |
| Price / bookPrice / positive book equity per share | 7.36x | 4.59x | 3.62x |
| EV / salesEnterprise value / trailing revenue | 4.81x | 3.90x | 1.43x |
| Earnings growthLatest quarter vs prior-year quarter | 35.4% | 22.8% | 25.5% |
| Gross marginTrailing twelve months | 39.2% | 38.8% | 19.6% |
| Net marginTrailing twelve months | 16.3% | 12.1% | 4.0% |
| Return on equityProvider trailing return; positive equity only | 30.6% | 18.4% | 17.2% |
| Free cash flow marginTrailing free cash flow / revenue | 12.1% | 15.1% | 11.7% |
| Dividend yieldIndicated annual dividend / price | 0.7% | 1.3% | 1.4% |
| Earnings payoutProvider trailing dividend payout | 17.0% | 22.6% | 28.5% |
| Current ratioCurrent assets / current liabilities | 0.80x | 0.94x | 0.67x |
| BetaProvider historical market sensitivity | 1.81 | 1.64 | 1.03 |
Extended size range · 0.48x market cap
Rental & Leasing Services
YouTube · Q4 FY2026 · 2026-06-24
YouTube · Q1 2026 · 2026-04-26
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
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Reported performance
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Market context
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Starting assumptions, when available, use provider forward estimates as of 2026-11-11. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
FREE RESEARCH PACKET · Q3 2026
United Rentals raises revenue and profit guidance while free-cash-flow guidance stays flat; fleet productivity, investment timing and valuation decide what owners receive.
Research published October 26, 2026 · Download original report
Read Research PacketPresentation · 2026-10-26 · YouTube
Presentation · 2026-07-24 · YouTube
Short takes Q2 2026
United Rentals Stock: All-Time High, So Why HOLD? #Shorts
Watch Short on YouTube
Presentation · 2026-04-24 · YouTube
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