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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Market cap: $2.1B
P/E: 100×
Fwd P/E: 84.3×
Dividend yield: —
F-score: 5/9
Altman Z: 0.83
Beneish M: −3.00
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 73.59%

Capital & Financial Ratios $m

Market Cap 2,090.00

Revenue 2,035.31

Net Income 21.42

Free Cash Flow (51.93)

Net Debt 1,649.57

Current Ratio 1.34

Debt/Equity 2.03

P/E ratio 100.33

Fwd P/E 84.30

P/S ratio 1.01

P/B ratio 2.52

Past 5Y EPS Growth —

This Y EPS Growth 196.43%

Next Y EPS Growth 119.75%

Next Y revenue growth (73.29%)

Next 5Y EPS Growth 19.30%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 64.14%

10-year low 10-year high

P/B against its own 10 years 66.53%

10-year low 10-year high

EV/Sales against its own 10 years 45.78%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	10	4	6	10
Receivables	246	225	204	256
Inventory	986	1,049	931	1,042
Other	—	—	—	—
	1,266	1,301	1,159	1,326

	2023	2024	2025	Q'26
Payables	118	88	88	115
ST’ Debt	8	8	26	3
Other	—	—	—	—
	897	1,001	873	987

Compound Annual Growth %

	10y	5y	3y
Sales	—	45.05%	7.31%
Cash Flow	—	48.58%	88.95%
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	(3.07%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	462	563	—	—	—
’25	422	511	482	528	1,944
’24	411	423	447	521	1,802
’23	452	457	434	522	1,865
’22	366	362	358	487	1,573
’21	78	375	357	356	1,167
’20	82	68	69	83	303

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	24	44	—	—	—
’25	56	126	81	47	310
’24	(14)	38	17	82	122
’23	4	(5)	(2)	(28)	(31)
’22	(30)	8	26	42	46
’21	(12)	69	56	26	139
’20	(3)	22	(5)	28	43

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(35)	(3)	—	—	—
’25	(16)	57	11	(25)	28
’24	(30)	(39)	(14)	(29)	(112)
’23	(27)	(55)	(34)	(92)	(207)
’22	(26)	(27)	(32)	(39)	(123)
’21	(8)	41	1	13	47
’20	(30)	14	2	28	14

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.02)	0.05	—	—	—
’25	(0.08)	(0.13)	(0.03)	0.09	(0.14)
’24	(0.06)	(0.10)	(0.07)	0.12	(0.12)
’23	0.06	0.05	0.04	0.07	0.21
’22	(0.01)	0.05	(0.01)	0.13	0.16
’21	(0.57)	(0.53)	(0.08)	(0.02)	(0.75)
’20	(0.33)	(0.27)	0.31	(0.15)	(0.43)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
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
	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.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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%

All 20 Rental & Leasing Services stocks →

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.

Source: company filings (standardised) and stockrow calculations.