{"schema_version":"alpha-company-profile-public-v2","company_id":"0903a1f0-1efb-45c2-a1f0-28606ae5f978","slug":"united-rentals","canonical_url":"https://www.alpha.ac/companies/united-rentals","profile_version":2,"published_on":"2026-08-03","last_reviewed_on":"2026-08-03","identity":{"legal_name":"United Rentals, Inc.","display_name":"United Rentals","headline":"Equipment rental and worksite solutions across a global operating network.","description":"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.","ten_second_view":"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.","legal_form":"Corporation","incorporation":"Delaware, United States","headquarters":"Stamford, Connecticut, United States","headquarters_address":{"locality":"Stamford","region":"Connecticut","country":"United States"},"operating_presence":["North America","Europe","Australia","New Zealand"],"website":"https://www.unitedrentals.com/","logo":"/logos/united-rentals/wordmark.png","profile_mark":{"src":"/logos/united-rentals/wordmark.png","alt":"United Rentals","width":820,"height":235}},"entity_status":{"ownership_type":"public","listing_status":"listed","label":"Public company","explanation":"United Rentals common stock is listed on the New York Stock Exchange under ticker URI.","source_id":"uri-2025-10k","reviewed_on":"2026-08-03"},"security_listings":[{"ticker":"URI","exchange":"NYSE","exchange_display":"New York Stock Exchange","mic":"XNYS","currency":"USD","security_type":"Common stock","listing_status":"active","is_primary":true,"source_id":"uri-2025-10k"}],"market_data":{"availability":"available","endpoint":"/api/public/companies/united-rentals?view=market","source_label":"Yahoo Finance","explanation":"Latest price and market capitalization are verified by the server at request time and retain provider timestamps."},"profile_tags":["Equipment rental","Industrials","NYSE: URI"],"trust_summary":"Legal identity, public listing, filing record, and board record are established.","facts":[{"label":"Legal name","value":"United Rentals, Inc.","source_id":"uri-2025-10k"},{"label":"Ownership type","value":"Public company","source_id":"uri-2025-10k"},{"label":"Primary listing","value":"New York Stock Exchange: URI","source_id":"uri-2025-10k"},{"label":"Legal form","value":"Delaware corporation","source_id":"uri-2025-10k"},{"label":"Headquarters","value":"Stamford, Connecticut, United States","source_id":"uri-2025-10k"},{"label":"Sector","value":"Industrials - equipment rental and worksite solutions","source_id":"uri-2025-10k"},{"label":"SEC record","value":"CIK 0001067701 · File 001-14387","source_id":"uri-2025-10k"},{"label":"Operating network","value":"1,767 locations · approximately 27,900 employees · $22.59B fleet OEC","source_id":"uri-q2-2026-results"}],"operating_model":{"eyebrow":"Business model","title":"How United Rentals operates","units":[{"name":"General Rentals","title":"Core rental network","description":"Rents construction and industrial equipment including aerial work platforms, earthmoving equipment, material handling equipment, and general tools.","produces":"Equipment access · fleet services · used-equipment sales","href":"https://www.unitedrentals.com/"},{"name":"Specialty Rentals","title":"Specialized worksite capabilities","description":"Provides trench safety, power and HVAC, fluid solutions, tool solutions, onsite services, portable storage, and other specialist offerings.","produces":"Specialty equipment · engineered solutions · onsite support","href":"https://www.unitedrentals.com/solutions"},{"name":"Digital Worksite Solutions","title":"Connected fleet and workflow tools","description":"Connects customers to rental, fleet, telematics, utilization, and jobsite information through Total Control and mobile tools.","produces":"Fleet visibility · utilization data · digital workflows","href":"https://www.unitedrentals.com/solutions/digital-solutions"}]},"boardroom":{"eyebrow":"Alpha Boardroom Network","title":"Boardroom oversight profile","summary":"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.","boundary":"“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.","indicators":[{"label":"Board size","value":"11 directors","source_id":"uri-2026-annual-meeting"},{"label":"Independence","value":"9 of 11 directors","source_id":"uri-2026-proxy"},{"label":"Standing committees","value":"4","source_id":"uri-2026-proxy"},{"label":"Digital & Technology competency","value":"6 directors","source_id":"uri-2026-proxy"},{"label":"Average tenure","value":"6 years","source_id":"uri-2026-proxy"},{"label":"2025 meeting attendance","value":"100%","source_id":"uri-2026-proxy"}],"signals":[{"label":"Enterprise AI use","state":"Confirmed","description":"The company reports incorporating AI into products, services, and features and using AI in product development and operations.","source_id":"uri-2025-10k"},{"label":"Board AI education","state":"Confirmed","description":"The board reports receiving external perspectives during 2025 on technology, digital marketing, and artificial intelligence.","source_id":"uri-2026-proxy"},{"label":"Distributed oversight architecture","state":"Confirmed","description":"The 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.","source_id":"uri-2026-proxy"},{"label":"AI-enabled cyber defense","state":"Confirmed","description":"The company reports using artificial intelligence for automated threat detection and response within its cybersecurity program.","source_id":"uri-2025-10k"},{"label":"Dedicated AI committee mandate","state":"Not publicly evidenced","description":"The reviewed board and committee disclosures do not identify a standing committee with an AI-specific mandate.","source_id":"uri-committee-composition"},{"label":"Enterprise AI inventory and control metrics","state":"Not publicly evidenced","description":"The reviewed annual report and proxy do not publish a governed AI-system inventory, AI lifecycle standard, or board-level AI control metrics.","source_id":"uri-2026-proxy"}]},"intelligence":{"as_of":"2026-08-03","financial_data_as_of":"2026-06-30","summary":"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.","methodology":"Reported, calculated, estimated, unavailable, and Alpha-analysis fields are labeled separately. Calculations use the cited public inputs. Market data reflects the August 3, 2026 close; financial data reflects June 30, 2026 unless otherwise stated.","snapshot":[{"label":"Share price","value":"$1,115.92","basis":"Reported","effective":"Aug. 3, 2026","source_id":"uri-market-2026-08-03","confidence":"High","freshness":"Current"},{"label":"Market capitalization","value":"$69.46B","basis":"Reported","effective":"Aug. 3, 2026","source_id":"uri-market-2026-08-03","confidence":"High","freshness":"Current"},{"label":"Enterprise value","value":"$83.58B","basis":"Calculated","effective":"Aug. 3, 2026","source_id":"uri-q2-2026-10q","confidence":"High","freshness":"Current","formula":"$69.46B market cap + $14.230B debt - $0.112B cash"},{"label":"2026 revenue guidance","value":"$17.5B-$17.8B","basis":"Reported","effective":"July 22, 2026","source_id":"uri-q2-2026-results","confidence":"High","freshness":"Current"},{"label":"Net leverage","value":"1.8x","basis":"Reported","effective":"June 30, 2026","source_id":"uri-q2-2026-results","confidence":"High","freshness":"Current"},{"label":"Board independence","value":"9 of 11 · 81.8%","basis":"Calculated","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy","confidence":"High","freshness":"Current","formula":"9 independent directors / 11 directors"},{"label":"Standing committees","value":"4","basis":"Reported","effective":"Aug. 3, 2026 review","source_id":"uri-committee-composition","confidence":"High","freshness":"Current"},{"label":"Next earnings event","value":"Not announced","basis":"Unavailable","effective":"Aug. 3, 2026 review","source_id":"uri-research-coverage","confidence":"High","freshness":"Unavailable"}],"changes":[{"title":"Revenue guidance raised","detail":"Management raised its 2026 revenue range to $17.5 billion-$17.8 billion from $16.9 billion-$17.4 billion.","effective":"July 22, 2026","source_id":"uri-q2-2026-results","basis":"Reported"},{"title":"Adjusted EBITDA guidance raised","detail":"The 2026 adjusted EBITDA range increased to $7.975 billion-$8.125 billion from $7.625 billion-$7.875 billion.","effective":"July 22, 2026","source_id":"uri-q2-2026-results","basis":"Reported"},{"title":"Fleet investment outlook increased","detail":"Net rental capital expenditure guidance increased to $3.4 billion-$3.8 billion after higher planned gross purchases.","effective":"July 22, 2026","source_id":"uri-q2-2026-results","basis":"Reported"},{"title":"Positive S&P credit outlook confirmed","detail":"The second-quarter filing reports S&P BB+ with a positive outlook and Moody's Ba1 with a stable outlook as of July 20.","effective":"July 20, 2026","source_id":"uri-q2-2026-10q","basis":"Reported"},{"title":"Technology capability refreshed","detail":"Alexander Taussig joined the board and Strategy Committee, adding software, venture-investment, and emerging-business-model experience.","effective":"Feb. 4, 2026","source_id":"uri-2026-proxy","basis":"Reported"}],"governance":{"summary":"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.","indicators":[{"label":"Board chair","value":"Michael J. Kneeland","basis":"Reported","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy","confidence":"High","freshness":"Current"},{"label":"Lead independent director","value":"Gracia C. Martore","basis":"Reported","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy","confidence":"High","freshness":"Current"},{"label":"Average age","value":"60 years","basis":"Reported","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy","confidence":"High","freshness":"Current"},{"label":"Average tenure","value":"6 years","basis":"Reported","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy","confidence":"High","freshness":"Current"},{"label":"Women directors","value":"36%","basis":"Reported","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy","confidence":"High","freshness":"Current"},{"label":"Racial or ethnic diversity","value":"27%","basis":"Reported","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy","confidence":"High","freshness":"Current"},{"label":"Audit financial experts","value":"3","basis":"Reported","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy","confidence":"High","freshness":"Current"},{"label":"2025 attendance","value":"100%","basis":"Reported","effective":"Fiscal 2025","source_id":"uri-2026-proxy","confidence":"High","freshness":"Current"}],"directors":[{"name":"Julie M. Heuer Brandt","role":"Director","independent":true,"since":"2025","committees":{"audit":"None","compensation":"None","governance":"Member","strategy":"Member"},"governance_relevance":"Industrial operations, commercial strategy, field execution, technology","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy"},{"name":"Marc A. Bruno","role":"Director","independent":true,"since":"2018","committees":{"audit":"None","compensation":"Chair","governance":"Member","strategy":"None"},"governance_relevance":"Distributed operations, logistics, construction projects, P&L leadership","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy"},{"name":"Larry D. De Shon","role":"Director","independent":true,"since":"2021","committees":{"audit":"None","compensation":"None","governance":"Chair","strategy":"Member"},"governance_relevance":"Public-company CEO, rental, fleet economics, international operations","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy"},{"name":"Matthew J. Flannery","role":"President and CEO; director","independent":false,"since":"2019","committees":{"audit":"None","compensation":"None","governance":"None","strategy":"Member"},"governance_relevance":"Company strategy, rental operations, customer and market knowledge","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy"},{"name":"Kim Harris Jones","role":"Director","independent":true,"since":"2018","committees":{"audit":"Chair","compensation":"Member","governance":"None","strategy":"None"},"governance_relevance":"Accounting, audit, finance, transformation, distribution","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy"},{"name":"Terri L. Kelly","role":"Director","independent":true,"since":"2018","committees":{"audit":"None","compensation":"Member","governance":"None","strategy":"Chair"},"governance_relevance":"CEO leadership, innovation, culture, product, strategy","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy"},{"name":"Michael J. Kneeland","role":"Non-executive chair; former CEO","independent":false,"since":"2008","committees":{"audit":"Ex officio","compensation":"Ex officio","governance":"Ex officio","strategy":"Ex officio"},"governance_relevance":"Rental-sector experience and institutional knowledge","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy"},{"name":"Francisco J. Lopez-Balboa","role":"Director","independent":true,"since":"2022","committees":{"audit":"Member","compensation":"Member","governance":"None","strategy":"None"},"governance_relevance":"Finance, capital markets, M&A, technology, media","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy"},{"name":"Gracia C. Martore","role":"Lead independent director","independent":true,"since":"2017","committees":{"audit":"Member","compensation":"None","governance":"None","strategy":"None"},"governance_relevance":"Public-company CEO and CFO, governance, capital allocation, cybersecurity","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy"},{"name":"Shiv Singh","role":"Director","independent":true,"since":"2017","committees":{"audit":"Member","compensation":"None","governance":"Member","strategy":"None"},"governance_relevance":"Digital transformation, customer experience, innovation, marketing","effective":"Aug. 3, 2026 review","source_id":"uri-committee-composition"},{"name":"Alexander R. Taussig","role":"Director","independent":true,"since":"2026","committees":{"audit":"None","compensation":"None","governance":"None","strategy":"Member"},"governance_relevance":"Technology, software, venture investment, emerging business models","effective":"Aug. 3, 2026 review","source_id":"uri-committee-composition"}],"committees":[{"name":"Audit","chair":"Kim Harris Jones","members":"Francisco J. Lopez-Balboa; Gracia C. Martore; Shiv Singh","meetings":"6","mandate":"Financial reporting, audit, internal controls, legal compliance, risk infrastructure, and cybersecurity","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy","freshness":"Current"},{"name":"Compensation","chair":"Marc A. Bruno","members":"Kim Harris Jones; Terri L. Kelly; Francisco J. Lopez-Balboa","meetings":"4","mandate":"Executive compensation, incentive design, performance, compensation risk, and succession-related compensation","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy","freshness":"Current"},{"name":"Nominating and Corporate Governance","chair":"Larry D. De Shon","members":"Julie M. Heuer Brandt; Marc A. Bruno; Shiv Singh","meetings":"3","mandate":"Board composition, succession, evaluations, governance, sustainability, safety, human capital, and political spending","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy","freshness":"Current"},{"name":"Strategy","chair":"Terri L. Kelly","members":"Julie M. Heuer Brandt; Larry D. De Shon; Matthew J. Flannery; Alexander R. Taussig","meetings":"3","mandate":"Corporate strategy, M&A, competitive conditions, technology, digital innovation, and disruptive trends","effective":"Fiscal 2025","source_id":"uri-2026-proxy","freshness":"Current"}],"executives":[{"name":"Matthew J. Flannery","role":"President and Chief Executive Officer; director","status":"Named executive officer","relevance":"Principal operating and strategic leader; CEO since 2019","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy"},{"name":"William E. \"Ted\" Grace","role":"Executive Vice President and Chief Financial Officer","status":"Named executive officer","relevance":"Finance, treasury, risk, planning, and investor relations","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy"},{"name":"Craig A. Pintoff","role":"Executive Vice President and Chief Administrative Officer","status":"Named executive officer","relevance":"Administrative and human-capital functions","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy"},{"name":"Michael D. Durand","role":"Executive Vice President and Chief Operating Officer","status":"Named executive officer","relevance":"Sales, integrations, and operating excellence","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy"},{"name":"Joli L. Gross","role":"Senior Vice President, Chief Legal and Sustainability Officer, and Corporate Secretary","status":"Named executive officer","relevance":"Legal, governance, sustainability, and board process","effective":"Mar. 25, 2026","source_id":"uri-2026-proxy"},{"name":"Andrew B. Limoges","role":"Vice President, Controller, and Principal Accounting Officer","status":"Other executive officer","relevance":"Accounting and SEC-reporting authority","effective":"June 30, 2026","source_id":"uri-q2-2026-10q"},{"name":"Anthony S. Leopold","role":"Senior Vice President, Chief Technology and Strategy Officer","status":"Other senior leader","relevance":"Technology, digital, AI, and enterprise strategy","effective":"Jan. 28, 2026","source_id":"uri-2025-10k"}]},"financials":{"summary":"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.","metrics":[{"label":"Cash","value":"$0.112B","basis":"Reported","effective":"June 30, 2026","source_id":"uri-q2-2026-10q","confidence":"High","freshness":"Current"},{"label":"Gross debt","value":"$14.230B","basis":"Reported","effective":"June 30, 2026","source_id":"uri-q2-2026-10q","confidence":"High","freshness":"Current","formula":"$1.541B current + $12.689B long-term"},{"label":"Net debt","value":"$14.118B","basis":"Calculated","effective":"June 30, 2026","source_id":"uri-q2-2026-10q","confidence":"High","freshness":"Current","formula":"$14.230B gross debt - $0.112B cash"},{"label":"Enterprise value","value":"$83.58B","basis":"Calculated","effective":"Aug. 3, 2026","source_id":"uri-market-2026-08-03","confidence":"High","freshness":"Current","formula":"$69.46B market cap + $14.230B debt - $0.112B cash"},{"label":"Q2 revenue","value":"$4.410B","basis":"Reported","effective":"Quarter ended June 30, 2026","source_id":"uri-q2-2026-10q","confidence":"High","freshness":"Current"},{"label":"Q2 adjusted EBITDA","value":"$2.056B","basis":"Reported","effective":"Quarter ended June 30, 2026","source_id":"uri-q2-2026-results","confidence":"High","freshness":"Current"},{"label":"Q2 adjusted EBITDA margin","value":"46.6%","basis":"Reported","effective":"Quarter ended June 30, 2026","source_id":"uri-q2-2026-results","confidence":"High","freshness":"Current"},{"label":"Q2 net income","value":"$0.753B","basis":"Reported","effective":"Quarter ended June 30, 2026","source_id":"uri-q2-2026-10q","confidence":"High","freshness":"Current"},{"label":"Q2 diluted EPS","value":"$12.03","basis":"Reported","effective":"Quarter ended June 30, 2026","source_id":"uri-q2-2026-10q","confidence":"High","freshness":"Current"},{"label":"H1 free cash flow","value":"$1.149B","basis":"Reported","effective":"Six months ended June 30, 2026","source_id":"uri-q2-2026-results","confidence":"High","freshness":"Current"},{"label":"LTM revenue","value":"Approx. $16.83B","basis":"Calculated","effective":"June 30, 2026","source_id":"uri-q2-2026-10q","confidence":"Moderate","freshness":"Current","formula":"FY2025 $16.1B + H1 2026 $8.395B - H1 2025 $7.662B"},{"label":"LTM adjusted EBITDA","value":"$7.662B","basis":"Calculated","effective":"June 30, 2026","source_id":"uri-q2-2026-results","confidence":"High","freshness":"Current","formula":"FY2025 $7.328B - H1 2025 $3.481B + H1 2026 $3.815B"},{"label":"LTM free cash flow","value":"$2.132B","basis":"Calculated","effective":"June 30, 2026","source_id":"uri-q2-2026-results","confidence":"High","freshness":"Current","formula":"FY2025 $2.181B - H1 2025 $1.198B + H1 2026 $1.149B"},{"label":"EV / LTM revenue","value":"Approx. 5.0x","basis":"Calculated","effective":"Aug. 3, 2026","source_id":"uri-market-2026-08-03","confidence":"Moderate","freshness":"Current","formula":"$83.58B enterprise value / $16.83B LTM revenue"},{"label":"EV / LTM adjusted EBITDA","value":"Approx. 10.9x","basis":"Calculated","effective":"Aug. 3, 2026","source_id":"uri-market-2026-08-03","confidence":"High","freshness":"Current","formula":"$83.58B enterprise value / $7.662B LTM adjusted EBITDA"},{"label":"Net debt / LTM adjusted EBITDA","value":"Approx. 1.85x","basis":"Calculated","effective":"June 30, 2026","source_id":"uri-q2-2026-10q","confidence":"High","freshness":"Current","formula":"$14.118B net debt / $7.662B LTM adjusted EBITDA"},{"label":"Free-cash-flow yield","value":"3.07%","basis":"Calculated","effective":"Aug. 3, 2026","source_id":"uri-market-2026-08-03","confidence":"High","freshness":"Current","formula":"$2.132B LTM free cash flow / $69.46B market capitalization"},{"label":"Annualized dividend yield","value":"0.71%","basis":"Calculated","effective":"Aug. 3, 2026","source_id":"uri-q2-2026-results","confidence":"High","freshness":"Current","formula":"$1.97 quarterly dividend × 4 / $1,115.92 share price"},{"label":"H1 program share repurchases","value":"$0.750B","basis":"Reported","effective":"Six months ended June 30, 2026","source_id":"uri-q2-2026-results","confidence":"High","freshness":"Current"}],"guidance":[{"label":"Total revenue","value":"$17.5B-$17.8B","basis":"Reported","effective":"July 22, 2026","source_id":"uri-q2-2026-results","confidence":"High","freshness":"Current"},{"label":"Adjusted EBITDA","value":"$7.975B-$8.125B","basis":"Reported","effective":"July 22, 2026","source_id":"uri-q2-2026-results","confidence":"High","freshness":"Current"},{"label":"Net rental capital expenditures","value":"$3.4B-$3.8B","basis":"Reported","effective":"July 22, 2026","source_id":"uri-q2-2026-results","confidence":"High","freshness":"Current"},{"label":"Operating cash flow","value":"$5.85B-$6.65B","basis":"Reported","effective":"July 22, 2026","source_id":"uri-q2-2026-results","confidence":"High","freshness":"Current"},{"label":"Free cash flow excluding restructuring payments","value":"$2.15B-$2.45B","basis":"Reported","effective":"July 22, 2026","source_id":"uri-q2-2026-results","confidence":"High","freshness":"Current"}]},"ownership":{"summary":"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.","indicators":[{"label":"Current reported >5% owner","value":"Vanguard Capital Management · 7.5%","basis":"Reported","effective":"Mar. 31, 2026","source_id":"uri-vanguard-capital-13g","confidence":"High","freshness":"Current"},{"label":"Directors and executives","value":"297,603 shares · <1%","basis":"Reported","effective":"Mar. 16, 2026","source_id":"uri-2026-proxy","confidence":"High","freshness":"Current"},{"label":"2025 outreach","value":"28 holders · >60% of shares","basis":"Reported","effective":"Fiscal 2025","source_id":"uri-2026-proxy","confidence":"High","freshness":"Current"},{"label":"Completed holder calls","value":"10 holders · ~39% of shares","basis":"Reported","effective":"Fiscal 2025","source_id":"uri-2026-proxy","confidence":"High","freshness":"Current"},{"label":"2026 say-on-pay support","value":"94.4%","basis":"Calculated","effective":"May 8, 2026","source_id":"uri-2026-annual-meeting","confidence":"High","freshness":"Current","formula":"49,202,747 for / (for + against + abstentions)"}],"records":[{"name":"Vanguard Capital Management","record_type":"Schedule 13G","position":"4,720,155 shares · 7.5%","effective":"Mar. 31, 2026","interpretation":"Current greater-than-5% beneficial-ownership filing. The filer name is preserved exactly and is not conflated with The Vanguard Group.","freshness":"Current","source_id":"uri-vanguard-capital-13g"},{"name":"The Vanguard Group","record_type":"Schedule 13G/A","position":"0 shares · below 5%","effective":"Mar. 13, 2026","interpretation":"Exit amendment that supersedes the proxy's historical December 2023 figure for this filer.","freshness":"Current","source_id":"uri-vanguard-group-13ga"},{"name":"Capital International Investors","record_type":"Schedule 13G/A","position":"672,850 shares · 1.1%","effective":"Dec. 31, 2025","interpretation":"Reported below the 5% beneficial-owner threshold.","freshness":"Current","source_id":"uri-capital-international-13ga"},{"name":"William E. \"Ted\" Grace","record_type":"Form 4","position":"Sold 1,500 shares · weighted average $1,133.1544","effective":"July 24, 2026","interpretation":"Latest insider transaction reviewed. A reported sale does not establish motive or investment view.","freshness":"Current","source_id":"uri-grace-form4"}]},"coverage_notes":[{"title":"Complete institutional-holder ranking","state":"Unavailable","detail":"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.","effective":"Aug. 3, 2026 review","source_id":"uri-2026-proxy"},{"title":"Analyst recommendations and targets","state":"Unavailable","detail":"Issuer research coverage is public, but current ratings, price targets, and estimate dispersion require a reliable licensed or separately verified market-data feed.","effective":"Aug. 3, 2026 review","source_id":"uri-research-coverage"},{"title":"Next earnings date","state":"Unavailable","detail":"The 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.","effective":"Aug. 3, 2026 review","source_id":"uri-research-coverage"},{"title":"LTM calculations","state":"Current","detail":"LTM revenue and adjusted EBITDA use rounded fiscal-year inputs and precise half-year disclosures. Production automation should use reconciled XBRL facts.","effective":"June 30, 2026","source_id":"uri-q2-2026-10q"}],"filings":[{"date":"Jul. 22, 2026","event":"Form 10-Q","significance":"Second-quarter and first-half results; higher guidance; 1.8x net leverage","source_id":"uri-q2-2026-10q"},{"date":"Jul. 22, 2026","event":"Form 8-K and earnings exhibit","significance":"Record second-quarter results and higher 2026 outlook","source_id":"uri-q2-2026-8k"},{"date":"Jun. 18, 2026","event":"Form 8-K","significance":"Receivables purchase agreement amended","source_id":"uri-sec-filings"},{"date":"May 8, 2026","event":"Form 8-K","significance":"Annual-meeting voting results","source_id":"uri-2026-annual-meeting"},{"date":"Mar. 25, 2026","event":"Definitive proxy statement","significance":"Board, ownership, compensation, and governance record","source_id":"uri-2026-proxy"}],"timeline":[{"date":"Jan. 28, 2026","event":"New $5B repurchase program","significance":"Major capital-allocation commitment","source_id":"uri-q2-2026-results"},{"date":"Feb. 4, 2026","event":"Alexander Taussig appointed","significance":"Technology and venture capability added to the board","source_id":"uri-2026-proxy"},{"date":"Apr. 22, 2026","event":"First 2026 guidance increase","significance":"Demand exceeded initial expectations","source_id":"uri-sec-filings"},{"date":"May 8, 2026","event":"Annual meeting","significance":"All directors elected; executive compensation approved","source_id":"uri-2026-annual-meeting"},{"date":"Jul. 20, 2026","event":"Positive S&P outlook confirmed in filing","significance":"BB+ / Positive; Moody's Ba1 / Stable","source_id":"uri-q2-2026-10q"},{"date":"Jul. 22, 2026","event":"Record second quarter; guidance raised","significance":"Strong large-project demand and higher fleet investment","source_id":"uri-q2-2026-results"},{"date":"Jul. 22, 2026","event":"$1.97 quarterly dividend declared","significance":"Continued cash return to shareholders","source_id":"uri-q2-2026-results"},{"date":"Q2 2026","event":"Part of scaffolding business sold","significance":"$49 million pretax gain and portfolio refinement","source_id":"uri-q2-2026-10q"}],"agenda":[{"title":"Fleet investment and capital returns","why_it_matters":"Higher fleet investment, a $5 billion repurchase authorization, dividends, M&A capacity, and the credit trajectory compete for the same capital.","owner":"Full board and Strategy","indicator":"ROIC, net leverage, repurchase price","director_question":"Is buying stock near the current earnings multiple superior to debt reduction, fleet investment, or acquisitions?","basis":"Alpha analysis","effective":"Aug. 3, 2026","source_id":"uri-q2-2026-results"},{"title":"Specialty growth versus margin","why_it_matters":"Specialty revenue grew rapidly while rental gross margin declined, making profitable growth and cost-to-serve visibility board-relevant.","owner":"Strategy and Audit","indicator":"Mix, ancillary revenue, delivery cost, segment margin","director_question":"Which sources of specialty growth are dilutive to margin, and for how long?","basis":"Alpha analysis","effective":"Quarter ended June 30, 2026","source_id":"uri-q2-2026-10q"},{"title":"Investment-grade pathway","why_it_matters":"Net debt is approximately $14.1 billion and credit ratings remain below investment grade despite a positive S&P outlook.","owner":"Audit and full board","indicator":"Net leverage, maturities, liquidity, rating thresholds","director_question":"What operating and capital-allocation actions would secure investment-grade status?","basis":"Alpha analysis","effective":"Aug. 3, 2026","source_id":"uri-q2-2026-10q"},{"title":"Technology, cyber, and AI oversight","why_it_matters":"Digital systems and AI can affect pricing, dispatch, maintenance, customer recommendations, workforce decisions, and cyber defense. Oversight responsibilities are distributed across committees.","owner":"Audit, Strategy, and Governance","indicator":"System inventory, incidents, overrides, validation, uptime","director_question":"Which AI systems can materially affect customers, employees, safety, or financial outcomes, and who is accountable for each?","basis":"Alpha analysis","effective":"Aug. 3, 2026 review","source_id":"uri-2026-proxy"},{"title":"Chair, lead director, and committee succession","why_it_matters":"The chair and lead independent director are among the board's longest-tenured and oldest directors, while the board has recently added technology capability.","owner":"Nominating and Corporate Governance","indicator":"Emergency succession, pipeline, committee leadership","director_question":"Who can assume the chair, lead independent director, and key committee roles under planned and emergency scenarios?","basis":"Alpha analysis","effective":"Aug. 3, 2026 review","source_id":"uri-2026-proxy"}]},"governance":{"summary":"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.","boundary":"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.","disclosures":[{"record":"Eleven-member elected board","status":"Published","authority":"2026 annual meeting results","effective":"8 May 2026"},{"record":"Nine independent directors","status":"Published","authority":"2026 proxy statement","effective":"Current at review"},{"record":"Board and committee risk oversight","status":"Published","authority":"2026 proxy statement","effective":"Current at review"},{"record":"Dedicated AI oversight mandate","status":"Not asserted","authority":"Not established in reviewed public sources","effective":"Current at review"}]},"alpha_opinion":{"status":"Not published","label":"No Alpha rating published","explanation":"This Boardroom Company Profile is an evidence-backed public record. Alpha has not published a rating opinion for United Rentals."},"report":{"status":"Published","label":"Shareholder and Governance Intelligence","explanation":"Alpha has published a source-backed United Rentals intelligence report covering performance, ownership, governance, AI, and the board agenda.","href":"/ai/company/report/URI"},"actions":[{"label":"Open intelligence report","href":"/ai/company/report/URI","emphasis":"primary"},{"label":"Investor relations","href":"https://investors.unitedrentals.com/","emphasis":"secondary"},{"label":"Company website","href":"https://www.unitedrentals.com/","emphasis":"secondary"}],"related_records":[{"label":"2025 annual report","description":"Primary business, listing, financial, AI-use, cyber, and risk record","href":"https://www.sec.gov/Archives/edgar/data/1067701/000119312526124155/uri_ars_fye_2025.pdf"},{"label":"2026 proxy statement","description":"Board composition, skills, governance, attendance, and oversight record","href":"https://www.sec.gov/Archives/edgar/data/1067701/000119312526124113/uri-20260324.htm"},{"label":"Board of directors","description":"Current issuer board roster","href":"https://investors.unitedrentals.com/governance/board-of-directors/default.aspx"},{"label":"Committee composition","description":"Current issuer committee assignments","href":"https://investors.unitedrentals.com/governance/committee-composition/default.aspx"}],"evidence":[{"id":"uri-2025-10k","label":"United Rentals 2025 Form 10-K","href":"https://www.sec.gov/Archives/edgar/data/1067701/000106770126000007/uri-20251231.htm","source_type":"SEC filing","supports":["Legal identity","Public listing","Business model","Enterprise AI use","Cybersecurity program"],"status":"published","reviewed_on":"2026-08-03"},{"id":"uri-2026-proxy","label":"United Rentals 2026 proxy statement","href":"https://www.sec.gov/Archives/edgar/data/1067701/000119312526124113/uri-20260324.htm","source_type":"SEC filing","supports":["Board composition","Director independence","Board skills","Committee oversight","Meeting attendance","Board AI education"],"status":"published","reviewed_on":"2026-08-03"},{"id":"uri-2026-annual-meeting","label":"United Rentals 2026 annual meeting results","href":"https://www.sec.gov/Archives/edgar/data/1067701/000119312526214719/uri-20260508.htm","source_type":"SEC filing","supports":["Election of eleven directors","Shareholder voting results"],"status":"published","reviewed_on":"2026-08-03"},{"id":"uri-board","label":"United Rentals board of directors","href":"https://investors.unitedrentals.com/governance/board-of-directors/default.aspx","source_type":"Issuer record","supports":["Current board roster","Director biographies"],"status":"published","reviewed_on":"2026-08-03"},{"id":"uri-committee-composition","label":"United Rentals committee composition","href":"https://investors.unitedrentals.com/governance/committee-composition/default.aspx","source_type":"Issuer record","supports":["Standing committees","Current committee assignments"],"status":"published","reviewed_on":"2026-08-03"},{"id":"uri-digital-solutions","label":"United Rentals digital solutions","href":"https://www.unitedrentals.com/solutions/digital-solutions","source_type":"Issuer record","supports":["Total Control","Digital fleet and worksite tools"],"status":"published","reviewed_on":"2026-08-03"},{"id":"uri-q2-2026-results","label":"United Rentals second-quarter 2026 results","href":"https://investors.unitedrentals.com/press-releases/press-releases-details/2026/United-Rentals-Announces-Record-Second-Quarter-Results-and-Raises-Full-Year-2026-Guidance/default.aspx","source_type":"Issuer earnings release","supports":["Operating network","Workforce","Fleet scale","Current company scale","Second-quarter adjusted EBITDA","Cash flow","Net leverage","2026 guidance"],"status":"published","reviewed_on":"2026-08-03"},{"id":"uri-q2-2026-10q","label":"United Rentals second-quarter 2026 Form 10-Q","href":"https://www.sec.gov/Archives/edgar/data/1067701/000106770126000026/uri-20260630.htm","source_type":"SEC filing","supports":["June 30 balance sheet","Debt","Second-quarter revenue","Operating income","Net income","Diluted EPS","Segment performance"],"status":"published","reviewed_on":"2026-08-03"},{"id":"uri-q2-2026-8k","label":"United Rentals second-quarter 2026 earnings exhibit","href":"https://www.sec.gov/Archives/edgar/data/1067701/000106770126000028/uri-6302026xex991.htm","source_type":"SEC filing exhibit","supports":["Record second-quarter results","Higher 2026 outlook"],"status":"published","reviewed_on":"2026-08-03"},{"id":"uri-market-2026-08-03","label":"United Rentals market observation","href":"https://finance.yahoo.com/quote/URI/","source_type":"Observed market data","supports":["August 3, 2026 closing price","Market capitalization","Enterprise-value calculations"],"status":"published","reviewed_on":"2026-08-03"},{"id":"uri-research-coverage","label":"United Rentals research coverage","href":"https://investors.unitedrentals.com/stock-information/research-coverage/default.aspx","source_type":"Issuer record","supports":["Research coverage","Investor-relations contact","Absence of a confirmed next earnings date in the reviewed issuer record"],"status":"published","reviewed_on":"2026-08-03"},{"id":"uri-vanguard-capital-13g","label":"Vanguard Capital Management Schedule 13G","href":"https://www.sec.gov/Archives/edgar/data/1067701/000210011926001248/primary_doc.xml","source_type":"SEC beneficial-ownership filing","supports":["7.5% beneficial ownership","Voting and dispositive power"],"status":"published","reviewed_on":"2026-08-03"},{"id":"uri-vanguard-group-13ga","label":"The Vanguard Group Schedule 13G amendment","href":"https://www.sec.gov/Archives/edgar/data/1067701/000010290926002564/primary_doc.xml","source_type":"SEC beneficial-ownership filing","supports":["Zero-share report","Below-5% ownership state"],"status":"published","reviewed_on":"2026-08-03"},{"id":"uri-capital-international-13ga","label":"Capital International Investors Schedule 13G amendment","href":"https://www.sec.gov/Archives/edgar/data/1067701/000156223026000039/primary_doc.xml","source_type":"SEC beneficial-ownership filing","supports":["1.1% beneficial ownership","Voting and dispositive power"],"status":"published","reviewed_on":"2026-08-03"},{"id":"uri-grace-form4","label":"William E. Grace Form 4","href":"https://www.sec.gov/Archives/edgar/data/1067701/000119312526316294/ownership.xml","source_type":"SEC insider-transaction filing","supports":["July 24, 2026 insider sale","Post-transaction ownership"],"status":"published","reviewed_on":"2026-08-03"},{"id":"uri-sec-filings","label":"United Rentals investor-relations filing index","href":"https://investors.unitedrentals.com/financials/sec-filings/default.aspx","source_type":"Issuer filing index","supports":["Recent filing chronology","First-quarter filing","June 2026 Form 8-K"],"status":"published","reviewed_on":"2026-08-03"}],"permissions":[{"label":"Public retrieval","allowed":true},{"label":"Agent retrieval","allowed":true},{"label":"Redistribution","allowed":false},{"label":"Model training","allowed":false},{"label":"Relationship pathfinding","allowed":false},{"label":"Direct contact","allowed":false}],"limitations":["This profile is a governed public identity and boardroom evidence record, not an Alpha rating or investment recommendation.","“Not publicly evidenced” describes the reviewed source set and must not be interpreted as proof that a control is absent.","Market values are time-sensitive provider observations and may be delayed or temporarily unavailable.","Only statements supported by the linked public records are included."],"projection":{"schema_version":"alpha-profile-projection-v3","entity":{"kind":"company","id":"0903a1f0-1efb-45c2-a1f0-28606ae5f978","id_scheme":"alpha_company_id","slug":"united-rentals","canonical_url":"https://www.alpha.ac/companies/united-rentals"},"publication":{"profile_version":2,"published_at":"2026-08-03","last_reviewed_at":"2026-08-03","as_of":"2026-08-03","payload_hash":null},"representations":{"html":{"href":"https://www.alpha.ac/companies/united-rentals","media_type":"text/html"},"json":{"href":"https://www.alpha.ac/api/public/companies/united-rentals","media_type":"application/json"},"structured_data":{"embedded":true,"media_type":"application/ld+json"},"share_image":{"href":"https://www.alpha.ac/og/company-profile-united-rentals-1200x630.png?v=10","media_type":"image/png","width":1200,"height":630}},"permissions":{"public_retrieval":true,"agent_retrieval":true,"redistribution":false,"model_training":false,"relationship_pathfinding":false,"direct_contact":false}},"canonical_profile":null,"canonical_source":"governed_site_fallback"}