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Analyst
Steve Ramsey
Period: Reporting periods mapped to calendar 2025 Q1 – 2026 Q1 (5 quarters; questions recorded in 4).
- Questions
- 7on tracked calls
- Challenge rate
- 0%none of 7 questionsLimited sample
- Companies
- 1questioned at least once
- Reporting periods
- 4with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 7 of 7 questions from 1 company
URIUnited Rentals7 questions · 4 reporting periods · 0 of 7 challenging
Calendar 2026 Q1
On time utilization holding or being a positive, would you say that's mega project driven slowly? Or would you say that local market stabilizing kind of any breakout on time utilization drivers?
Show response
Matt said time utilization is an across-the-board result of good planning and discipline. Cannot drive these levels from just one end market sector. Reflects whole portfolio performance.
Calendar 2025 Q4
I wanted to get some insights on the ancillary piece and if you are intentionally trying to drive this revenue on the ground and incentivizing it with the sales force?
Show response
Matt said ancillary is customer-need driven, not sales-incentivized. Much of it is setup work (job trailers, HVAC, power) that accompanies products. Customers prefer URI to do it rather than self-perform.
I wanted to touch on the growth CapEx number of $1.1 billion, I believe you said for the year. Maybe to remind us how that compared to 2025
Show response
Ted sized 2025 growth CapEx at $800-$900M (total $4.2B minus $3.4B maintenance). 2026 adds ~$300M more growth CapEx focused on specialty expansion and large project support.
Calendar 2025 Q2
can you talk about how Yak is helping you make fundamental progress there? Is it adding customers? Is it going deeper with customers?
Show response
Matt said cross-selling to existing customers is the primary driver, leveraging URI's network to scale Yak. Reverse cross-sell also occurring where Yak had strong relationships.
GenRent had a better year-over-year comp than the prior 4 quarters. Can you talk about what's happening there?
Show response
Ted attributed GenRent acceleration to broad-based demand and customers feeling good. Consistent with expectations. Ancillary less impactful on GenRent due to in-sourced delivery.
Calendar 2025 Q1
I'm curious if there's any color on cross-selling within specialty with these more mature categories and then being able to add on some of the less mature groups
Show response
Matt cited ROS business (restrooms + modular), fluid solutions (Baker pump acquisition expanded to treat, transfer, contain). Active focus on cross-selling within specialty.
Do you expect that same level of benefit in the rest of the year?
Show response
Ted noted ancillary grew at 4x OER rate in Q1, up from ~2x in 2024. Hard to predict exactly. Part of strategy to be partner of choice.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| URI United Rentals | 7 | 0%none of 7 questions |
- URIUnited Rentals · 7 questions0%none of 7 questions
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2025 Q1 | 2 | 0%none of 2 questions | 1 |
| 2025 Q2 | 2 | 0%none of 2 questions | 1 |
| 2025 Q3 | No questions recorded | — | — |
| 2025 Q4 | 2 | 0%none of 2 questions | 1 |
| 2026 Q1 | 1 | 0%none of 1 question | 1 |
- 2025 Q12 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q22 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q3No questions recorded
- 2025 Q42 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2026 Q11 question · challenge rate 0% (none of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Revenue Growth4
- Competitive Dynamics4
- Demand2
- Pricing1
- Capex Investment1
- Product Launch1
- Margin1