Custom Truck One Source, Inc.

CTOS Industrials Rental & Leasing Services

Custom Truck One Source, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 7.86% from fiscal 2024.

Revenue
+2.73%
EPS
+133.7%
Free cash flow
+540.0%
Total debt
+0.24%

Quarter to September 2026, against a year earlier

9.31 0.82 −8.09%
Market cap
$2.1B
P/E
71.6×
Fwd P/E
82.8×
Dividend yield
—
F-score
5/9
Altman Z
0.83
Beneish M
−3.00
Dividend safety
n/a

Custom Truck One Source, Inc. (CTOS) Gross margin

Alert me on Gross margin

Custom Truck One Source, Inc.'s gross margin over the twelve months to 30 September 2026 was 22.6%, up 1.4 percentage points from fiscal 2025 (21.2%). Over the past ten years it has ranged from 18.0% (fiscal 2021) to 33.7% (fiscal 2018); the current reading is higher than 22% of that period. That is below the Rental & Leasing Services industry median of 48.5% and below the Industrials sector median of 30.6%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 21.2% (0.46)
FY2024 21.7% (2.71)
FY2023 24.4% (0.03)
FY2022 24.4% 6.40
FY2021 18.0% (7.26)
FY2020 25.3% (7.53)
FY2019 32.8% (0.94)
FY2018 33.7% 5.38
FY2017 28.3% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 22.9% 0.87
Jun 2026 22.0% (0.33)
Mar 2026 22.3% (0.97)
Dec 2025 23.3% 2.40
29 more quarters

Against its own ten years

Low 18.0% High 33.7%
Ten-year median 24.4%
Current reading's percentile 47

Gross margin against peers

Company Gross margin
PRG Aaron's Holdings Company, Inc. compare 92.3%
WLFC Willis Lease Finance Corporation compare 75.4%
WSC WillScot Holdings Corporation compare 63.8%
EQPT EquipmentShare.com Inc. compare 49.7%
MGRC McGrath RentCorp compare 48.8%
CAR Avis Budget Group, Inc. compare 48.1%
VSTS Vestis Corporation compare 26.3%
CTOS Custom Truck One Source, Inc. 22.6%
LIME Neutron Holdings, Inc. compare —
Rental & Leasing Services industry median 48.5%
Industrials sector median 30.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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