Gross Profit Comparison: United Rentals, Inc. and Fastenal Company Trends

A Decade of Growth: United Rentals vs. Fastenal

In the competitive landscape of industrial equipment and supply, United Rentals, Inc. and Fastenal Company have shown remarkable growth over the past decade. From 2014 to 2024, United Rentals' gross profit surged by approximately 153%, while Fastenal's increased by about 79%. This growth trajectory highlights United Rentals' aggressive expansion strategy, outpacing Fastenal in terms of profit growth.

Key Insights

• 2014-2018: Both companies experienced steady growth, with United Rentals maintaining a lead. By 2018, United Rentals' gross profit was 40% higher than Fastenal's.
• 2019-2023: United Rentals continued its upward trend, achieving a 58% increase in gross profit, compared to Fastenal's 33%.
• 2024 Outlook: United Rentals is projected to reach a gross profit of $6.15 billion, maintaining its dominance over Fastenal.

This data underscores the dynamic nature of the industrial sector and the strategic maneuvers companies must make to stay ahead.