{
  "title": "United Rentals Q3 2026 operating supplement",
  "earningsReleaseDate": "2026-10-21",
  "valuationBaselineDate": "2026-10-15",
  "quarter": {
    "revenueB": 4.893,
    "rentalRevenueB": 4.316,
    "adjustedEbitdaB": 2.331,
    "adjustedEbitdaMarginPct": 47.6,
    "fleetProductivityPct": 6.5,
    "roicPct": 12.3,
    "generalRevenueB": 2.612,
    "generalGrowthPct": 8.8,
    "generalGrossMarginPct": 38.4,
    "specialtyRevenueB": 1.704,
    "specialtyGrowthPct": 34.7,
    "specialtyGrossMarginPct": 47.6,
    "usedEquipmentRecoveryPct": 51.4,
    "fcfYearToDateB": 1.421,
    "fcfHalfYearB": 1.149,
    "impliedQ3FcfB": 0.272
  },
  "fullYear2026Guidance": {
    "revenueLowB": 18,
    "revenueHighB": 18.2,
    "revenueMidpointB": 18.1,
    "adjustedEbitdaLowB": 8.3,
    "adjustedEbitdaHighB": 8.4,
    "adjustedEbitdaMidpointB": 8.35,
    "impliedEbitdaMarginPct": 46.13,
    "grossRentalCapexLowB": 5.2,
    "grossRentalCapexHighB": 5.5,
    "grossRentalCapexMidpointB": 5.35,
    "netRentalCapexLowB": 3.75,
    "netRentalCapexHighB": 4.05,
    "fcfLowB": 2.15,
    "fcfHighB": 2.45,
    "fcfMidpointB": 2.3,
    "earlierMaintenanceCapexB": 3.4,
    "illustrativeGrowthCapexB": 1.95,
    "illustrativeAdjustedFcfB": 4.25,
    "cagrTo2028TargetPct": 9.44
  },
  "source": "https://www.marketscreener.com/news/united-rentals-announces-record-third-quarter-results-and-raises-full-year-2026-guidance-ce785cd9dd8ef625",
  "notes": [
    "The October 21 operating update is distinct from the original October 15 2026 price-based valuation scenarios.",
    "The $3.4B fleet-maintenance estimate predates the Q2 and Q3 increases to fleet-capex guidance. The $4.25B cash-flow bridge is an illustration, not revised guidance or owner earnings.",
    "The $272M third-quarter FCF is the difference between September and June year-to-date FCF amounts.",
    "Annual Specialty gross margins and quarterly margins are separately labeled observations."
  ]
}