United Rentals, Inc. — Earnings Quality Grade F
URI · Industrials
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 57 days, change +1 days YoY
AR growth 6.5% vs revenue growth 4.9%
Revenue 4.9%, CFFO 14.2%. Cash follows revenue
Expense Quality
Inventory 20.0% vs COGS 8.3%. Normal
CapEx growth 9.7% vs revenue 4.9%. Normal
SG&A/Gross Profit = 28.2%, excellent (<30%)
Gross margin 38.2%, change -1.9pp. Stable
Cash Flow Quality
CFFO/NI = 2.08. Profits backed by cash
FCF < 50% of Net Income for 3 years
Accruals ratio = -9.0%. Low accruals
Cash $0.5B covers only 3% of debt $15.7B
Balance Sheet Health
Goodwill+Intangibles $7.6B = 85% of equity. Over 50%
Debt/EBITDA = 2.2x. Healthy
Other assets grew 30.6% vs revenue 4.9%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -2.84 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10