United Rentals Inc.、合并损益表结构（季度数据）
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截至 3 个月 |
2022年12月31日 |
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2022年9月30日 |
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2022年6月30日 |
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2022年3月31日 |
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2021年12月31日 |
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2021年9月30日 |
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2021年6月30日 |
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2021年3月31日 |
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2020年12月31日 |
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2020年9月30日 |
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2020年6月30日 |
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2020年3月31日 |
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2019年12月31日 |
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2019年9月30日 |
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2019年6月30日 |
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2019年3月31日 |
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2018年12月31日 |
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2018年9月30日 |
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2018年6月30日 |
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2018年3月31日 |
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设备租赁 |
83.34% | |
89.54% | |
88.85% | |
86.17% | |
83.29% | |
87.71% | |
85.31% | |
81.04% | |
81.35% | |
85.09% | |
84.68% | |
83.91% | |
83.96% | |
86.29% | |
85.59% | |
84.79% | |
86.25% | |
87.95% | |
86.25% | |
84.14% | |
|
|
租赁设备的销售 |
12.41% | |
5.93% | |
5.92% | |
8.36% | |
11.67% | |
7.05% | |
8.48% | |
12.98% | |
12.07% | |
9.10% | |
9.08% | |
9.79% | |
9.93% | |
7.96% | |
8.60% | |
9.07% | |
8.07% | |
6.62% | |
8.30% | |
10.44% | |
|
|
新设备销售 |
1.18% | |
1.05% | |
1.37% | |
1.78% | |
1.80% | |
1.81% | |
2.49% | |
2.38% | |
3.42% | |
2.47% | |
2.73% | |
2.92% | |
3.22% | |
2.69% | |
2.62% | |
2.93% | |
2.95% | |
2.55% | |
2.33% | |
2.42% | |
|
|
承包商供应销售 |
0.97% | |
1.05% | |
1.19% | |
1.15% | |
1.04% | |
1.12% | |
1.18% | |
1.17% | |
1.10% | |
1.14% | |
1.19% | |
1.18% | |
1.06% | |
1.09% | |
1.18% | |
1.13% | |
1.08% | |
1.13% | |
1.27% | |
1.04% | |
|
|
服务和其他收入 |
2.09% | |
2.43% | |
2.67% | |
2.54% | |
2.20% | |
2.31% | |
2.54% | |
2.43% | |
2.06% | |
2.19% | |
2.32% | |
2.21% | |
1.83% | |
1.97% | |
2.01% | |
2.08% | |
1.65% | |
1.75% | |
1.85% | |
1.96% | |
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|
收入 |
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
|
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设备租赁成本，不包括折旧 |
-32.07% | |
-34.51% | |
-36.16% | |
-35.90% | |
-32.89% | |
-34.13% | |
-35.64% | |
-34.76% | |
-32.34% | |
-31.50% | |
-33.37% | |
-35.15% | |
-32.65% | |
-32.68% | |
-33.58% | |
-35.05% | |
-31.70% | |
-31.71% | |
-32.79% | |
-34.14% | |
|
|
租赁设备折旧 |
-14.90% | |
-15.40% | |
-16.49% | |
-17.23% | |
-15.81% | |
-15.87% | |
-16.83% | |
-18.23% | |
-16.89% | |
-18.06% | |
-20.37% | |
-20.05% | |
-17.10% | |
-16.76% | |
-17.42% | |
-18.66% | |
-16.26% | |
-16.21% | |
-17.08% | |
-18.57% | |
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|
租赁设备销售成本 |
-5.10% | |
-2.26% | |
-2.42% | |
-3.76% | |
-5.91% | |
-3.81% | |
-4.81% | |
-7.97% | |
-7.59% | |
-5.62% | |
-5.42% | |
-5.88% | |
-6.31% | |
-4.90% | |
-5.07% | |
-5.90% | |
-4.51% | |
-3.92% | |
-4.87% | |
-6.17% | |
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|
新设备销售成本 |
-0.94% | |
-0.82% | |
-1.12% | |
-1.47% | |
-1.48% | |
-1.46% | |
-2.10% | |
-2.04% | |
-2.94% | |
-2.15% | |
-2.37% | |
-2.54% | |
-2.77% | |
-2.33% | |
-2.23% | |
-2.55% | |
-2.52% | |
-2.17% | |
-2.01% | |
-2.13% | |
|
|
承包商耗材销售成本 |
-0.55% | |
-0.75% | |
-0.83% | |
-0.79% | |
-0.76% | |
-0.81% | |
-0.83% | |
-0.83% | |
-0.75% | |
-0.82% | |
-0.83% | |
-0.85% | |
-0.77% | |
-0.72% | |
-0.83% | |
-0.80% | |
-0.74% | |
-0.71% | |
-0.85% | |
-0.69% | |
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|
服务成本和其他收入 |
-1.30% | |
-1.47% | |
-1.48% | |
-1.55% | |
-1.33% | |
-1.43% | |
-1.53% | |
-1.46% | |
-1.36% | |
-1.33% | |
-1.50% | |
-1.32% | |
-1.10% | |
-1.09% | |
-1.09% | |
-1.09% | |
-1.00% | |
-0.95% | |
-1.06% | |
-1.04% | |
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收入成本 |
-54.85% |
|
-55.23% |
|
-58.50% |
|
-60.70% |
|
-58.18% |
|
-57.51% |
|
-61.74% |
|
-65.29% |
|
-61.87% |
|
-59.49% |
|
-63.85% |
|
-65.79% |
|
-60.71% |
|
-58.48% |
|
-60.22% |
|
-64.05% |
|
-56.72% |
|
-55.67% |
|
-58.65% |
|
-62.75% |
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|
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毛利 |
45.15% |
|
44.77% |
|
41.50% |
|
39.30% |
|
41.82% |
|
42.49% |
|
38.26% |
|
34.71% |
|
38.13% |
|
40.51% |
|
36.15% |
|
34.21% |
|
39.29% |
|
41.52% |
|
39.78% |
|
35.95% |
|
43.28% |
|
44.33% |
|
41.35% |
|
37.25% |
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|
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销售、一般和行政费用 |
-11.47% | |
-11.67% | |
-12.38% | |
-12.80% | |
-11.60% | |
-12.56% | |
-13.16% | |
-12.15% | |
-11.32% | |
-10.61% | |
-11.45% | |
-12.56% | |
-10.91% | |
-10.97% | |
-11.83% | |
-13.23% | |
-13.10% | |
-12.52% | |
-12.64% | |
-13.38% | |
|
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与合并相关的成本 |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
-0.13% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
-0.05% | |
-0.95% | |
-0.52% | |
-0.11% | |
-0.06% | |
|
|
重组费用 |
0.00% | |
0.03% | |
-0.04% | |
0.00% | |
-0.04% | |
0.00% | |
0.00% | |
-0.05% | |
-0.26% | |
-0.27% | |
-0.15% | |
-0.09% | |
-0.08% | |
-0.08% | |
-0.26% | |
-0.38% | |
-0.69% | |
-0.43% | |
-0.21% | |
-0.12% | |
|
|
非租金折旧和摊销 |
-2.61% | |
-2.95% | |
-3.28% | |
-3.84% | |
-3.35% | |
-3.78% | |
-3.94% | |
-4.42% | |
-4.17% | |
-4.44% | |
-4.90% | |
-4.71% | |
-3.91% | |
-4.10% | |
-4.59% | |
-4.91% | |
-4.12% | |
-3.54% | |
-3.54% | |
-4.09% | |
|
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营业收入 |
31.07% |
|
30.19% |
|
25.80% |
|
22.66% |
|
26.84% |
|
26.16% |
|
21.03% |
|
18.08% |
|
22.38% |
|
25.19% |
|
19.65% |
|
16.85% |
|
24.39% |
|
26.37% |
|
23.10% |
|
17.38% |
|
24.41% |
|
27.32% |
|
24.85% |
|
19.61% |
|
|
|
利息支出，净额 |
-4.00% | |
-3.47% | |
-4.08% | |
-3.72% | |
-3.35% | |
-5.08% | |
-4.37% | |
-4.81% | |
-5.48% | |
-12.71% | |
-6.70% | |
-6.40% | |
-6.92% | |
-5.91% | |
-7.86% | |
-7.13% | |
-6.16% | |
-5.58% | |
-5.92% | |
-6.29% | |
|
|
其他收入（支出），净额 |
0.09% | |
0.03% | |
0.22% | |
0.20% | |
-0.29% | |
0.12% | |
-0.17% | |
0.10% | |
0.09% | |
0.09% | |
0.00% | |
0.19% | |
0.16% | |
0.04% | |
0.09% | |
0.14% | |
0.17% | |
0.00% | |
0.05% | |
0.06% | |
|
|
所得税准备金前的收益 |
27.15% |
|
26.75% |
|
21.94% |
|
19.14% |
|
23.20% |
|
21.19% |
|
16.48% |
|
13.37% |
|
16.98% |
|
12.57% |
|
12.94% |
|
10.64% |
|
17.63% |
|
20.50% |
|
15.33% |
|
10.39% |
|
18.43% |
|
21.74% |
|
18.98% |
|
13.38% |
|
|
|
所得税准备金 |
-7.77% | |
-6.88% | |
-4.15% | |
-4.60% | |
-5.87% | |
-5.43% | |
-3.67% | |
-3.50% | |
-3.95% | |
-3.06% | |
-2.01% | |
-2.49% | |
-3.87% | |
-4.78% | |
-3.54% | |
-2.13% | |
-4.99% | |
-6.00% | |
-4.71% | |
-2.83% | |
|
|
净收入 |
19.39% |
|
19.86% |
|
17.79% |
|
14.54% |
|
17.33% |
|
15.76% |
|
12.81% |
|
9.87% |
|
13.03% |
|
9.51% |
|
10.93% |
|
8.14% |
|
13.76% |
|
15.72% |
|
11.79% |
|
8.27% |
|
13.44% |
|
15.74% |
|
14.28% |
|
10.55% |
|
根据报告：
10-K (报告日期： 2022-12-31), 10-Q (报告日期： 2022-09-30), 10-Q (报告日期： 2022-06-30), 10-Q (报告日期： 2022-03-31), 10-K (报告日期： 2021-12-31), 10-Q (报告日期： 2021-09-30), 10-Q (报告日期： 2021-06-30), 10-Q (报告日期： 2021-03-31), 10-K (报告日期： 2020-12-31), 10-Q (报告日期： 2020-09-30), 10-Q (报告日期： 2020-06-30), 10-Q (报告日期： 2020-03-31), 10-K (报告日期： 2019-12-31), 10-Q (报告日期： 2019-09-30), 10-Q (报告日期： 2019-06-30), 10-Q (报告日期： 2019-03-31), 10-K (报告日期： 2018-12-31), 10-Q (报告日期： 2018-09-30), 10-Q (报告日期： 2018-06-30), 10-Q (报告日期： 2018-03-31).
从整体趋势来看，该季度财务数据显示公司盈利能力在逐步改善。毛利率在不同季度间保持较为稳定的波动范围，尤其是在2021年及2022年逐步提升至45%以上，显示毛利率的提升反映了成本控制的优化及产品结构调整。同时，营业收入占比的变化也支撑了盈利能力的增强，尤其是在2022年，营业收入比例较前期显著提高，有助于提升整体利润水平。
在收入结构方面，设备租赁收入始终占据大部分比例，基本保持在83-90%范围内，表明其核心业务依旧以租赁为主。租赁设备的销售比例虽有波动，但整体呈现稳定态势。在伴随销售比例下降的同时，租赁收入的比重持续稳定，彰显公司主营业务的稳固性和连续性。
成本方面，设备租赁成本（不含折旧）整体处于下降趋势，其比例由2018年的约-34%下降至2022年的约-32%，说明租赁成本控制得当，盈利空间有所拓宽。租赁设备的折旧成本占比则维持在较低的水平，逐渐略有下降，反映折旧政策或资产使用效率的改善。边际成本变化说明公司在资产管理和运营效率方面取得一定成效。
毛利率呈现明显的改善，尤其在2021年和2022年，毛利率超过45%，显示公司在销售策略、成本管理和市场环境改善方面取得积极成效。销售、管理等运营费用比例基本稳定在10-13%的区间，表明管理成本较为合理，未对盈利产生过大压力。
营业收入比例的提升直接推动了净利润的增长。从2020年至2022年，净收入比率逐步上升，特别是2022年达到近20%，显示公司盈利能力持续增强。净利润的波动与营业收入变化同步，反映出公司整体财务表现的改善。此外，利息支出比率的降低（从2020年的12%以上下降至2022年左右的4%）可能意味着公司在债务管理方面获得改善，有助于增加盈余留存。
税前利润表现出正向增长趋势，在2022年前后明显提升，显示公司在成本控制、收入增长和财务管理等多方面取得综合性改善。尽管税费负担略有波动，但整体而言，利润水平保持正增长，反映公司盈利能力持续向好。
综上所述，该公司的财务表现呈现出收入结构稳固、成本控制合理和盈利能力逐步提升的格局。未来若能持续保持在成本管理、资产利用和市场拓展方面的优势，有望实现更为稳健的财务增长。
