Sunbelt Rentals Holdings, Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Sunbelt Rentals Holdings, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2024
FY2026
FY2026
Revenue
10,859
10,791
11,154
Cost of revenue
6,382
6,471
6,864
Gross profit
4,477
4,320
4,290
Selling, general and administrative
1,572
1,385
1,651
Operating income
2,511
2,499
2,181
Other non-operating income
11
-4
7
Pre-tax income
2,094
2,070
1,801
Income tax
522
517
476
Net income
1,572
1,553
1,325
EBITDA
4,558
4,750
4,490
EPS, basic
3.60
3.56
3.15
EPS, diluted
3.58
3.55
3.15
Shares, basic (weighted)
437
436
420
Shares, diluted (weighted)
439
437
421
Dividend per share
1.01
1.25
1.10
Balance sheet
FY2024
FY2026
FY2026
Cash and equivalents
21
21
29
Receivables
1,481
1,669
Inventory
147
180
Other current assets
85
122
Total current assets
2,021
2,232
Lease right-of-use assets
2,523
2,664
Goodwill
3,280
3,348
3,476
Intangible assets
433
338
Other non-current assets
267
271
Total assets
21,970
22,268
Accounts payable
302
472
Accrued liabilities
991
1,167
Deferred revenue
75
99
Short-term debt
0
550
Total current liabilities
1,559
2,476
Long-term debt
7,500
7,033
Lease liabilities
2,434
2,577
Other non-current liabilities
390
379
Total liabilities
14,171
14,859
Total debt
7,500
7,583
Paid-in capital
46
204
Retained earnings
9,103
7,646
Treasury stock
-1,171
-259
Other comprehensive income
-226
-186
Shareholders' equity
7,060
7,799
7,409
Total equity
7,060
7,799
7,409
Total liabilities and equity
21,970
22,268
Shares outstanding
431
410
Cash flow statement
FY2024
FY2026
FY2026
Net income
1,572
1,553
1,325
Depreciation and amortization
2,047
2,251
2,309
Stock-based compensation
92
-9
80
Deferred income tax
236
42
93
Change in receivables
-184
22
-206
Change in inventory
21
15
-30
Change in payables
-24
2
57
Cash from operations
3,664
3,844
3,784
Acquisitions
-846
-134
-206
Cash from investing
-4,428
-2,318
-1,925
Debt issued
3,616
1,309
1,496
Debt repaid
-2,275
-1,832
-1,457
Share buybacks
-78
-342
-1,413
Dividends paid
-436
-544
-464
Cash from financing
755
-1,526
-1,851
Net change in cash
-9
0
8
Interest paid
392
416
368
Income taxes paid
246
425
332
Key metrics
Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $75.06 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
38.5%
Gross profit / revenue.
Operating margin
19.6%
Operating income / revenue.
EBITDA margin
40.3%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
16.1%
Pre-tax income / revenue.
Net margin
11.9%
Net income / revenue.
Operating cash flow margin
33.9%
Cash from operations / revenue.
Effective tax rate
26.4%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
17.4%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
6.0%
Net income / average total assets.
Return on invested capital (ROIC)
10.6%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue
14.8%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
0.7%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
20.7%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
3.4%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
-0.7%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
-12.7%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-5.5%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-14.7%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-11.3%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-1.6%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Dividend per share growth, 1y
-12.0%
Dividend per share vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-5.0%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
1.4%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
-3.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.90x
Current assets / current liabilities.
Quick ratio
0.69x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.01x
(Cash + short-term investments) / current liabilities.
Debt / equity
1.02x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
34.1%
Total debt / total assets.
Liabilities / assets
66.7%
Total liabilities / total assets.
Net debt
$7.55B
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
1.68x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
$3.15
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$3.15
Net income per basic share, as reported (split-adjusted).
Revenue per share
$26.49
Revenue / diluted weighted shares.
Operating cash flow per share
$8.99
Cash from operations / diluted weighted shares.
Book value per share
$18.06
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividend declared per common share (paid, when declared is not tagged).
Payout ratio
35.0%
Dividends paid / net income, when net income is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$30.76B
Share price x shares outstanding.
Enterprise value
$38.31B
Market cap + total debt - cash - short-term investments.
P/E
23.2x
Market cap / net income. Only when net income is positive.
P/S
2.76x
Market cap / revenue.
P/B
4.15x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
8.56x
Market cap / tangible book value, when positive.
P/OCF
8.13x
Market cap / cash from operations, when positive.
EV/Sales
3.43x
Enterprise value / revenue.
EV/EBIT
17.6x
Enterprise value / operating income, when both are positive.
EV/EBITDA
8.53x
Enterprise value / EBITDA, when both are positive.
Earnings yield
4.3%
Net income / market cap (the inverse of P/E).
Dividend yield
1.5%
Dividends paid over the period / market cap.
Shareholder yield
6.1%
(Dividends paid + share buybacks) / market cap.
What was Sunbelt Rentals Holdings, Inc.'s revenue in fiscal 2026?
Sunbelt Rentals Holdings, Inc. reported revenue of $11.15B for fiscal 2026, 3.4% higher than the year before.
Was Sunbelt Rentals Holdings, Inc. profitable in fiscal 2026?
Yes. Net income was $1.33B, a net margin of 11.9%.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.