• United Rentals average ebitda margin for 2023 was 46.51%, a 1.59% decline from 2022.
• United Rentals average ebitda margin for 2022 was 45.78%, a 4.54% increase from 2021.
• United Rentals average ebitda margin for 2021 was 43.79%, a 2.6% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.