AerCap vs United Rentals
Add, change or remove companies; up to four.
The short version
- United Rentals is the larger business, with $16.1B of revenue in fiscal 2025 against $8.5B for AerCap, about 1.9 times as much.
- AerCap grew revenue faster (6.5%, against 4.9%).
- United Rentals earned a higher return on the capital invested in it (13.4%, against 8.5%).
| Latest fiscal year | AER · FY25 | URI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $25.7B | $69.2B |
| Revenue | $8.5B | $16.1B |
| Free cash flow | — | — |
| Net income | $3.8B | $2.5B |
| Growth | ||
| Revenue growth | 6.5% | 4.9% |
| 5-year growth | 13.6% | 13.6% |
| Share count change | −9.5% | −3.0% |
| Profitability | ||
| Gross margin | — | 38.2% |
| Operating margin | — | 24.7% |
| Net margin | 44.0% | 15.5% |
| FCF margin | — | — |
| Return on capital | 8.5% | 13.4% |
| Return on equity | 21.1% | 28.4% |
| Balance sheet | ||
| Net debt | $42.3B | $13.8B |
| Net debt / EBITDA | 4.9x | 3.1x |
| Dividends and buybacks | $192M | $2.4B |
| Valuation & quality | ||
| P/E | — | 28.0x |
| Piotroski F-score | — | 5 |
FY16
AER $5.2B
URI $5.8B
FY17
AER $5.0B
URI $6.6B
FY18
AER $4.8B
URI $8.0B
FY19
AER $4.9B
URI $9.4B
FY20
AER $4.5B
URI $8.5B
FY21
AER $5.2B
URI $9.7B
FY22
AER $7.0B
URI $11.6B
FY23
AER $7.6B
URI $14.3B
FY24
AER $8.0B
URI $15.3B
FY25
AER $8.5B
URI $16.1B
AER
URI
FY16
AER —
URI 24.6%
FY17
AER —
URI 22.7%
FY18
AER —
URI 24.3%
FY19
AER —
URI 23.0%
FY20
AER —
URI 21.1%
FY21
AER —
URI 23.4%
FY22
AER —
URI 27.8%
FY23
AER —
URI 26.7%
FY24
AER —
URI 26.5%
FY25
AER —
URI 24.7%
AER
URI
FY16
AER —
URI —
FY17
AER —
URI —
FY18
AER —
URI —
FY19
AER —
URI —
FY20
AER —
URI —
FY21
AER —
URI —
FY22
AER —
URI —
FY23
AER —
URI —
FY24
AER —
URI —
FY25
AER —
URI —
AER
URI
FY16
AER 5.6%
URI 9.5%
FY17
AER 5.8%
URI 14.1%
FY18
AER 5.6%
URI 10.6%
FY19
AER 6.1%
URI 11.0%
FY20
AER 2.0%
URI 9.6%
FY21
AER 4.0%
URI 11.6%
FY22
AER 0.7%
URI 14.3%
FY23
AER 7.5%
URI 15.4%
FY24
AER 5.7%
URI 15.1%
FY25
AER 8.5%
URI 13.4%
AER
URI
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.