In their most recent round of earnings reports, the largest publicly traded construction equipment rental companies in the U.S. saw continued revenue gains after a strong first quarter.
Here's a look at the latest financial results from EquipmentShare, Herc Rentals, Sunbelt Rentals and United Rentals.
EquipmentShare
For its second quarter, EquipmentShare reported $1.5 billion in total revenue, up 26% year-over-year. Equipment rental and services revenue was up 39% in the same period to $908 million.
EquipmentShare also reported $483 million in equipment sales revenue, up 1% year-over-year, and net profit of $19 million, up 19% year-over-year.
Consolidated revenue for EquipmentShare’s full fiscal year is forecast to land between $5.2 billion and $5.7 billion.
EquipmentShare reported opening 23 operational branches during its second quarter, including 20 full-service rental shops and three building-material locations.
Herc Rentals
Total revenue in Herc Rentals’ second quarter of the 2026 fiscal year was up 20% to $1.2 billion compared to $1 billion in last year’s second quarter.
Revenue from equipment rental was up 23% to $1.1 billion, driven by a larger fleet size after it acquired H&E and responded to an increase in mega construction projects.
Powered byHerc Rentals recorded $110 million in second-quarter revenue from sales of rental equipment, up 3.8% year-over-year.
Net profit in the quarter was $19 million, compared to a net loss of $35 million in last year’s second quarter.
Herc maintained its equipment rental revenue forecast for the full fiscal year at between $4.275 billion and $4.4 billion.
Sunbelt Rentals
Sunbelt Rentals’ fourth-quarter consolidated revenue was up 8.9% to $2.8 billion, while equipment rental revenue rose 8% to $2.5 billion.
Revenue from sales of rental equipment rose 20.5% year-over-year to $135 million.
Net income for the quarter came in at $226 million, down 31.3% from $329 million in last year’s fourth quarter.
For its full fiscal-year 2026 results, Sunbelt reported consolidated revenue up 3.4% to $11.2 billion, equipment rental revenue up 3.4% to $10.3 billion, and net income down 14.7% to $1.3 billion.
For its full 2027 fiscal year, Sunbelt Rentals forecasts rental revenue growth between 5% and 8%.
United Rentals
For its second quarter, United Rental posted total revenue of $4.4 billion, up 11.8% from $3.7 billion one year ago. Equipment rental revenue was up 8.7% year-over-year to $3.9 billion.
For sales of rental equipment, United Rentals reported $330 million in revenue for the second quarter, up 4.1% from last year’s second quarter.
Gross profit for the quarter came in at $1.7 billion, a 13% year-over-year Increase.
