Saturday 17 October 2026
Export CTOS’s income statement to Excel — free account
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. In the quarter to June 2026, revenue grew 10.2%, EPS grew 138.5%, free cash flow fell 104.6% and total debt rose 2.91%, each against the same quarter a year earlier.
9.03
0.17
−1.85%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | 9.60 | 9.65 | 2.95 | 1.38 | 6.09 | 4.54 | 4.42 | 3.03 | 3.18 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | 10.10 | 10.06 | 10.45 | 7.97 | 11.36 | 9.40 | 7.64 | 7.00 | 6.78 | |||||
| People | |||||||||||||||
| People | Employees | — | 3 | 3 | 400 | 380 | 1,800 | 2,270 | 2,580 | 261 | 2,500 | ||||
| Revenue/emp, $m | — | 67.92 | 82.10 | 0.66 | 0.80 | 0.65 | 0.69 | 0.72 | 6.91 | 0.78 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | 204 | 246 | 264 | 303 | 1,167 | 1,573 | 1,865 | 1,802 | 1,944 | ||||
| Gross margin, % | — | 28.34 | 33.72 | 32.78 | 25.25 | 17.99 | 24.39 | 24.36 | 21.65 | 21.19 | |||||
| EBT | — | (31) | (14) | (33) | (51) | (177) | 47 | 58 | (29) | (28) | |||||
| EBT margin, % | — | (15.01) | (5.61) | (12.51) | (16.96) | (15.17) | 2.97 | 3.11 | (1.62) | (1.45) | |||||
| Net income | — | (27) | (16) | (27) | (21) | (182) | 39 | 51 | (29) | (31) | |||||
| Depreciation | — | 68 | 71 | 80 | 88 | 214 | 228 | 225 | 242 | 268 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | 9.41 | 11.37 | 7.99 | 6.17 | 4.84 | 6.36 | 7.61 | 7.61 | 8.57 | ||||
| Earnings | — | (1.25) | (0.72) | (0.82) | (0.43) | (0.75) | 0.16 | 0.21 | (0.12) | (0.14) | |||||
| Cash flow | — | 0.79 | 1.89 | 0.57 | 0.87 | 0.58 | 0.19 | (0.13) | 0.51 | 1.37 | |||||
| Capex | — | (0.96) | (1.20) | (2.36) | (0.60) | (0.38) | (0.68) | (0.72) | (0.99) | (1.24) | |||||
| Free cash flow | — | (0.17) | 0.70 | (1.80) | 0.28 | 0.20 | (0.50) | (0.85) | (0.47) | 0.12 | |||||
| Book value | — | 0.23 | (7.33) | (0.37) | (0.63) | 3.56 | 3.59 | 3.74 | 3.63 | 3.56 | |||||
| Shares, m | — | 22 | 22 | 33 | 49 | 241 | 247 | 245 | 237 | 227 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 39.50 | 28.45 | 0.00 | 0.00 | ||||
| P/S | — | 0.00 | 0.00 | 0.51 | 1.19 | 1.65 | 0.99 | 0.82 | 0.63 | 0.67 | |||||
| P/B | — | 19.55 | 0.00 | 0.00 | 0.00 | 2.25 | 1.76 | 1.67 | 1.32 | 1.62 | |||||
| EV/Sales | — | 0.00 | 0.00 | 3.28 | 3.57 | 2.75 | 1.85 | 1.62 | 1.48 | 1.52 | |||||
| EV/FCF | — | 0.00 | 24.42 | (14.59) | 79.95 | 68.21 | (23.65) | (14.55) | (23.78) | 106.56 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | 17 | 41 | 19 | 43 | 139 | 46 | (31) | 122 | 310 | ||||
| Capex | — | (21) | (26) | (78) | (29) | (92) | (169) | (177) | (234) | (282) | |||||
| Free cash flow | — | (4) | 15 | (59) | 14 | 47 | (123) | (207) | (112) | 28 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | 0 | 15 | 38 | 32 | 216 | 233 | 369 | 301 | 285 | ||||
| Total debt | — | — | 788 | 737 | 722 | 1,320 | 1,365 | 1,495 | 1,528 | 1,645 | |||||
| Net debt | — | (1) | 786 | 731 | 719 | 1,284 | 1,351 | 1,485 | 1,524 | 1,639 | |||||
| Shareholders’ equity | — | 5 | (159) | (12) | (31) | 859 | 888 | 917 | 861 | 809 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | (4.95) | (2.84) | (3.59) | (2.69) | (10.52) | 1.38 | 1.61 | (0.83) | (0.89) | ||||
| ROIC | — | 326.36 | 4.30 | 3.13 | 1.57 | (1.22) | 2.88 | 4.45 | 3.31 | 3.19 | |||||
| ROE | — | 35.24 | 20.20 | 31.66 | 98.51 | (43.87) | 4.45 | 5.62 | (3.22) | (3.72) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Custom Truck One Source, Inc. vs peers in Rental & Leasing Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| HRI Herc Holdings Inc. | $4.2B | 82.7× | 26.2× | +20.16% (above 0%: growing) | n/m | +100.00% (above 0%: growing) | 51.41% | 12.21% | Compare |
| CAR Avis Budget Group, Inc. | $3.9B | — (loss-making) | 51.7× | −1.35% (below 0%: shrinking) | +900.00% (above 0%: growing) | −28.24% (below 0%: shrinking) | 49.10% | 14.81% | Compare |
| EQPT EquipmentShare.com Inc. | $3.7B | 15.1× | 38.5× | +102.37% (above 0%: growing) | n/m | −17.02% (below 0%: shrinking) | 28.36% | 6.49% | Compare |
| WSC WillScot Holdings Corporation | $3.0B | — (loss-making) | 25.5× | +3.92% (above 0%: growing) | 0.00% | −60.91% (below 0%: shrinking) | 61.83% | 19.19% | Compare |
| MGRC McGrath RentCorp | $2.8B | 18.2× | 17.0× | −6.16% (below 0%: shrinking) | −5.48% (below 0%: shrinking) | −124.93% (below 0%: shrinking) | 48.80% | 24.10% | Compare |
| CTOS Custom Truck One Source, Inc. | $2.1B | 100× | 84.3× | +10.16% (above 0%: growing) | n/m | −104.58% (below 0%: shrinking) | 22.00% | 8.27% | |
| VSTS Vestis Corporation | $1.9B | — (loss-making) | 168× | −1.80% (below 0%: shrinking) | n/m | +478.29% (above 0%: growing) | 28.02% | 5.63% | Compare |
| PRG Aaron's Holdings Company, Inc. | $1.2B | 8.4× | 9.1× | +22.30% (above 0%: growing) | −4.17% (below 0%: shrinking) | +48.39% (above 0%: growing) | 89.48% | 9.12% | Compare |
| WLFC Willis Lease Finance Corporation | $813.0M | 9.0× | 14.6× | −0.76% (below 0%: shrinking) | −52.99% (below 0%: shrinking) | −161.11% (below 0%: shrinking) | 86.88% | 32.81% | Compare |
| Median of peers | $2.9B | 15.1× | 25.9× | +1.58% | −4.17% | −22.63% | 50.26% | 13.51% |
Custom Truck One Source, Inc. (CTOS) key facts
- Strength: Custom Truck One Source, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 7.86% from fiscal 2024.
- Custom Truck One Source, Inc. (CTOS) is a Rental & Leasing Services company in the Industrials sector, listed on the New York Stock Exchange.
- As of October 16, 2026, CTOS traded at $9.03, a market capitalization of $2.1 billion.
- Return on equity was −3.72% and debt-to-equity 2.03.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 0.83 (distress zone) for fiscal 2025.