Updated Apr 23, 2025, 10:27 PM UTC
| Income Statement - Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equipment Rentals Revenue (USD, millions) | 3,119.00 | 12,064 | 2,929 | 3,215.00 | 3,463.00 | 3,422.00 | 13,029 | 3,145 | ||||||||
| Sales of Rental Equipment Revenue (USD, millions) | 438.00 | 1,574 | 383 | 365.00 | 321.00 | 452.00 | 1,521 | 377 | ||||||||
| Sales of New Equipment Revenue (USD, millions) | 52.00 | 218 | 48 | 61.00 | 77.00 | 96.00 | 282 | 70 | ||||||||
| Contractor Supplies Sales Revenue (USD, millions) | 36.00 | 146 | 36 | 42.00 | 38.00 | 39.00 | 155 | 36 | ||||||||
| Service and Other Revenues (USD, millions) | 83.00 | 330 | 89 | 90.00 | 93.00 | 86.00 | 358 | 91 | ||||||||
| Total Revenues (USD, millions) | 3,728.00 | 14,332 | 3,485 | 3,773.00 | 3,992.00 | 4,095.00 | 15,345 | 3,719 | ||||||||
| Cost of Equipment Rentals excluding Depreciation (USD, millions) | 1,236.00 | 4,900 | 1,244 | 1,322.00 | 1,392.00 | 1,407.00 | 5,365 | 1,378 | ||||||||
| Depreciation of Rental Equipment (USD, millions) | 595.00 | 2,350 | 582 | 608.00 | 629.00 | 647.00 | 2,466 | 637 | ||||||||
| Cost of Rental Equipment Sales (USD, millions) | 219.00 | 788 | 196 | 192.00 | 176.00 | 247.00 | 811 | 210 | ||||||||
| Cost of New Equipment Sales (USD, millions) | 42.00 | 179 | 38 | 49.00 | 65.00 | 77.00 | 229 | 56 | ||||||||
| Cost of Contractor Supplies Sales (USD, millions) | 21.00 | 99 | 25 | 29.00 | 26.00 | 23.00 | 103 | 26 | ||||||||
| Cost of Service and Other Revenues (USD, millions) | 53.00 | 203 | 54 | 55.00 | 56.00 | 56.00 | 221 | 56 | ||||||||
| Total Cost of Revenues (USD, millions) | 2,166.00 | 8,519 | 2,139 | 2,255.00 | 2,344.00 | 2,457.00 | 9,195 | 2,363 | ||||||||
| Gross Profit (USD, millions) | 1,562.00 | 5,813 | 1,346 | 1,518.00 | 1,648.00 | 1,638.00 | 6,150 | 1,356 | ||||||||
| Selling, General and Administrative Expenses (USD, millions) | 393.00 | 1,527 | 389 | 404.00 | 416.00 | 436.00 | 1,645 | 437 | ||||||||
| Restructuring Charge (USD, millions) | 4.00 | 28 | 1 | 1.00 | 1.00 | 0.00 | 3 | 1 | ||||||||
| Non-Rental Depreciation and Amortization (USD, millions) | 102.00 | 431 | 104 | 109.00 | 109.00 | 115.00 | 437 | 114 | ||||||||
| Operating Income (USD, millions) | 1,063.00 | 3,827 | 852 | 1,004.00 | 1,122.00 | 1,087.00 | 4,065 | 804 | ||||||||
| Interest Expense, Net (USD, millions) | 161.00 | 635 | 160 | 173.00 | 178.00 | 180.00 | 691 | 184 | ||||||||
| Other Income, Net (USD, millions) | 0.00 | (19) | (3) | (4.00) | (5.00) | (2.00) | (14) | (68) | ||||||||
| Income Before Provision for Income Taxes (USD, millions) | 902.00 | 3,211 | 695 | 835.00 | 949.00 | 909.00 | 3,388 | 688 | ||||||||
| Provision for Income Taxes (USD, millions) | 223.00 | 787 | 153 | 199.00 | 241.00 | 220.00 | 813 | 170 | ||||||||
| Net Income (USD, millions) | 679.00 | 2,424 | 542 | 636.00 | 708.00 | 689.00 | 2,575 | 518 | ||||||||
| Diluted Earnings per Share (USD) | 9.98 | 35.28 | 8.04 | 9.53 | 10.68 | 10.44 | 38.69 | 7.91 | ||||||||
| Balance Sheet - Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
| Cash and cash equivalents [USD, millions] | 363 | 363 | 429 | 467 | 479 | 457 | 457 | 542 | ||||||||
| Accounts receivable, net [USD, millions] | 2,230 | 2,230 | 2,221 | 2,260 | 2,396 | 2,357 | 2,357 | 2,298 | ||||||||
| Inventory [USD, millions] | 205 | 205 | 208 | 219 | 211 | 200 | 200 | 227 | ||||||||
| Prepaid expenses and other assets [USD, millions] | 135 | 135 | 151 | 273 | 235 | 235 | 235 | 174 | ||||||||
| Total current assets [USD, millions] | 2,933 | 2,933 | 3,009 | 3,219 | 3,321 | 3,249 | 3,249 | 3,241 | ||||||||
| Rental equipment, net [USD, millions] | 14,001 | 14,001 | 13,979 | 14,685 | 15,241 | 14,931 | 14,931 | 14,885 | ||||||||
| Property and equipment, net [USD, millions] | 903 | 903 | 916 | 958 | 1,000 | 1,034 | 1,034 | 1,046 | ||||||||
| Goodwill [USD, millions] | 5,940 | 5,940 | 6,863 | 6,749 | 6,853 | 6,900 | 6,900 | 6,860 | ||||||||
| Other intangible assets, net [USD, millions] | 670 | 670 | 666 | 744 | 694 | 663 | 663 | 642 | ||||||||
| Operating lease right-of-use assets [USD, millions] | 1,099 | 1,099 | 1,181 | 1,211 | 1,255 | 1,337 | 1,337 | 1,323 | ||||||||
| Other long-term assets [USD, millions] | 43 | 43 | 44 | 47 | 48 | 49 | 49 | 53 | ||||||||
| Total assets [USD, millions] | 25,589 | 25,589 | 26,658 | 27,613 | 28,412 | 28,163 | 28,163 | 28,050 | ||||||||
| Short-term debt and current maturities of long-term debt [USD, millions] | 1,465 | 1,465 | 1,087 | 1,369 | 1,510 | 1,178 | 1,178 | 1,420 | ||||||||
| Accounts payable [USD, millions] | 905 | 905 | 959 | 1,349 | 1,216 | 748 | 748 | 1,029 | ||||||||
| Accrued expenses and other liabilities [USD, millions] | 1,267 | 1,267 | 1,318 | 1,251 | 1,300 | 1,397 | 1,397 | 1,345 | ||||||||
| Total current liabilities [USD, millions] | 3,637 | 3,637 | 3,364 | 3,969 | 4,026 | 3,323 | 3,323 | 3,794 | ||||||||
| Long-term debt [USD, millions] | 10,053 | 10,053 | 11,318 | 11,520 | 11,884 | 12,228 | 12,228 | 11,502 | ||||||||
| Deferred taxes [USD, millions] | 2,701 | 2,701 | 2,690 | 2,672 | 2,675 | 2,685 | 2,685 | 2,692 | ||||||||
| Operating lease liabilities [USD, millions] | 895 | 895 | 966 | 988 | 1,021 | 1,089 | 1,089 | 1,071 | ||||||||
| Other long-term liabilities [USD, millions] | 173 | 173 | 200 | 183 | 225 | 216 | 216 | 202 | ||||||||
| Total liabilities [USD, millions] | 17,459 | 17,459 | 18,538 | 19,332 | 19,831 | 19,541 | 19,541 | 19,261 | ||||||||
| Common stock [$ 0.01 par value, millions] | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||||||||
| Additional paid-in capital [USD, millions] | 2,650 | 2,650 | 2,638 | 2,664 | 2,686 | 2,691 | 2,691 | 2,688 | ||||||||
| Retained earnings [USD, millions] | 11,672 | 11,672 | 12,103 | 12,630 | 13,231 | 13,813 | 13,813 | 14,214 | ||||||||
| Treasury stock at cost [USD, millions] | (5,965) | (5,965) | (6,343) | (6,722) | (7,100) | (7,478) | (7,478) | (7,730) | ||||||||
| Accumulated other comprehensive loss [USD, millions] | (228) | (228) | (279) | (292) | (237) | (405) | (405) | (384) | ||||||||
| Total stockholders’ equity [USD, millions] | 8,130 | 8,130 | 8,120 | 8,281 | 8,581 | 8,622 | 8,622 | 8,789 | ||||||||
| Total liabilities and stockholders’ equity [USD, millions] | 25,589 | 25,589 | 26,658 | 27,613 | 28,412 | 28,163 | 28,163 | 28,050 | ||||||||
| Cash Flow - Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
| Net Income (USD, millions) | 679.00 | 2,424 | 542 | 636.00 | 708.00 | 689.00 | 2,575 | 518 | ||||||||
| Depreciation and Amortization (USD, millions) | 697.00 | 2,781 | 686 | 717.00 | 738.00 | 762.00 | 2,903 | 751 | ||||||||
| Amortization of Deferred Financing Costs and Original Issue Discounts (USD, millions) | 3.00 | 14 | 4 | 3.00 | 4.00 | 4.00 | 15 | 4 | ||||||||
| Gain on Sales of Rental Equipment (USD, millions) | (219.00) | (786) | (187) | (173.00) | (145.00) | (205.00) | (710) | (167) | ||||||||
| Gain on Sales of Non-Rental Equipment (USD, millions) | (5.00) | (21) | (3) | (5.00) | (5.00) | (4.00) | (17) | (4) | ||||||||
| Insurance Proceeds from Damaged Equipment (USD, millions) | (8.00) | (38) | (13) | (11.00) | (14.00) | (13.00) | (51) | (11) | ||||||||
| Stock Compensation Expense, Net (USD, millions) | 22.00 | 94 | 28 | 27.00 | 24.00 | 33.00 | 112 | 36 | ||||||||
| Restructuring Charge (USD, millions) | 4.00 | 28 | 1 | 1.00 | 1.00 | 0.00 | 3 | 1 | ||||||||
| (Decrease) Increase in Deferred Taxes (USD, millions) | (53.00) | 35 | (17) | (15.00) | 1.00 | 12.00 | (19) | (16) | ||||||||
| Increase (Decrease) in Accounts Receivable (USD, millions) | 87.00 | (167) | 98 | (32.00) | (117.00) | 31.00 | (20) | 62 | ||||||||
| Decrease (Increase) in Inventory (USD, millions) | (3.00) | 19 | (3) | (4.00) | 12.00 | 10.00 | 15 | (27) | ||||||||
| (Increase) Decrease in Prepaid Expenses and Other Assets (USD, millions) | 98.00 | 281 | 15 | (105.00) | 46.00 | 17.00 | (27) | 67 | ||||||||
| (Decrease) Increase in Accounts Payable (USD, millions) | (30.00) | (45) | (74) | 324.00 | (98.00) | (355.00) | (203) | 233 | ||||||||
| (Decrease) Increase in Accrued Expenses and Other Liabilities (USD, millions) | 142.00 | 85 | (49) | (98.00) | 49.00 | 67.00 | (31) | (35) | ||||||||
| Net Cash Provided by Operating Activities (USD, millions) | 1,414.00 | 4,704 | 1,029 | 1,265.00 | 1,204.00 | 1,048.00 | 4,546 | 1,425 | ||||||||
| Payments for Purchases of Rental Equipment (USD, millions) | (636.00) | (3,714) | (511) | (1,355.00) | (1,312.00) | (575.00) | (3,753) | (661) | ||||||||
| Payments for Purchases of Non-Rental Equipment and Intangible Assets (USD, millions) | (89.00) | (356) | (58) | (107.00) | (101.00) | (108.00) | (374) | (84) | ||||||||
| Proceeds from Sales of Rental Equipment (USD, millions) | 438.00 | 1,574 | 383 | 365.00 | 321.00 | 452.00 | 1,521 | 377 | ||||||||
| Proceeds from Sales of Non-Rental Equipment (USD, millions) | 14.00 | 60 | 13 | 17.00 | 20.00 | 17.00 | 67 | 14 | ||||||||
| Purchases of Other Companies, Net of Cash Acquired (USD, millions) | (168.00) | (574) | (1,118) | (116.00) | (108.00) | (313.00) | (1,655) | (17) | ||||||||
| Purchases of Investments (USD, millions) | - | (4) | (2) | (1.00) | (1.00) | (1.00) | (5) | (1) | ||||||||
| Net Cash Used in Investing Activities (USD, millions) | (437.00) | (2,976) | (1,280) | (1,186.00) | (1,167.00) | (515.00) | (4,148) | (361) | ||||||||
| Proceeds from Debt (USD, millions) | 1,858.00 | 8,576 | 4,609 | 2,302.00 | 2,818.00 | 1,880.00 | 11,609 | 2,098 | ||||||||
| Payments of Debt (USD, millions) | (2,399.00) | (8,574) | (3,743) | (1,854.00) | (2,367.00) | (1,897.00) | (9,861) | (2,636) | ||||||||
| Payments of Financing Costs (USD, millions) | - | - | (16) | (1.00) | 0.00 | 0.00 | (17) | (13) | ||||||||
| Dividends Paid (USD, millions) | (101.00) | (406) | (110) | (109.00) | (107.00) | (108.00) | (434) | (118) | ||||||||
| Common Stock Repurchased, Including Tax Withholdings for Share Based Compensation (USD, millions) | (264.00) | (1,070) | (415) | (376.00) | (377.00) | (403.00) | (1,571) | (289) | ||||||||
| Net Cash (Used in) Provided by Financing Activities (USD, millions) | (906.00) | (1,474) | 325 | (38.00) | (33.00) | (528.00) | (274) | (981) | ||||||||
| Effect of Foreign Exchange Rates (USD, millions) | 8.00 | 3 | (8) | (3.00) | 8.00 | (27.00) | (30) | 2 | ||||||||
| Net Increase (Decrease) in Cash and Cash Equivalents (USD, millions) | 79.00 | 257 | 66 | 38.00 | 12.00 | (22.00) | 94 | 85 | ||||||||
| Cash Paid for Interest (USD, millions) | 119.00 | 614 | 195 | 122.00 | 227.00 | 130.00 | 674 | 222 | ||||||||
| Cash Paid for Income Taxes, Net (USD, millions) | 104.00 | 493 | 131 | 475.00 | 206.00 | 182.00 | 994 | 42 | ||||||||
| Cash and Cash Equivalents at Beginning of Year (USD, millions) | 106 | 106 | 363 | 363 | 363 | 363 | 363 | 457 | ||||||||
| Cash and Cash Equivalents at End of Year (USD, millions) | 363 | 363 | 429 | 467 | 479 | 457 | 457 | 542 | ||||||||
| Revenue by Segment - in Millions of USD | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
| General Rentals | - | - | - | - | - | - | - | - | ||||||||
| - Equipment Rentals | - | - | - | - | 2,327 | - | - | - | ||||||||
| - Sales of Rental Equipment | - | - | - | - | 274 | - | - | - | ||||||||
| - Sales of New Equipment | - | - | - | - | 36 | - | - | - | ||||||||
| - Contractor Supplies Sales | - | - | - | - | 22 | - | - | - | ||||||||
| - Service and Other | - | - | - | - | 86 | - | - | - | ||||||||
| Specialty | - | - | - | - | - | - | - | - | ||||||||
| - Equipment Rentals | - | - | - | - | 1,136 | - | - | - | ||||||||
| - Sales of Rental Equipment | - | - | - | - | 47 | - | - | - | ||||||||
| - Sales of New Equipment | - | - | - | - | 41 | - | - | - | ||||||||
| - Contractor Supplies Sales | - | - | - | - | 16 | - | - | - | ||||||||
| - Service and Other | - | - | - | - | 7 | - | - | - | ||||||||
| Equipment Rentals | - | - | - | - | 3,463 | - | - | - | ||||||||
| Sales of Rental Equipment | - | - | - | - | 321 | - | - | - | ||||||||
| Sales of New Equipment | - | - | - | - | 77 | - | - | - | ||||||||
| Contractor Supplies Sales | - | - | - | - | 38 | - | - | - | ||||||||
| Service and Other | - | - | - | - | 93 | - | - | - | ||||||||
| Total Revenue | - | - | - | - | 3,992 | - | - | - |