Custom Truck One Source, Inc. (CTOS) vs EquipmentShare.com Inc. (EQPT)

Custom Truck One Source, Inc. and EquipmentShare.com Inc. are both Rental & Leasing Services companies. EquipmentShare.com Inc. is the larger, with a market value of $4.1B against $2.1B — 2.0× the size. EquipmentShare.com Inc. trades at the lower P/E: 19.3× against 105×. Custom Truck One Source, Inc. has the higher net margin (1.05% vs 1.03%) and the lower return on invested capital (4.12% vs 23.5%). Across the 18 metrics below, EquipmentShare.com Inc. leads on 10 and Custom Truck One Source, Inc. on 8.

Valuation

Metric CTOS EQPT Rental & Leasing Services median
P/E 105.00 19.32 19.17
P/S 1.06 0.85 0.99
P/B 2.63 3.62 2.23
Price to free cash flow n/m n/m 8.31
EV/EBITDA 8.64 3.80 7.84
EV/Sales 1.87 1.51 2.53
Earnings yield 0.95% 5.18% 0.95%
Free cash flow yield (2.42%) (38.71%) 1.43%

Profitability

Metric CTOS EQPT Rental & Leasing Services median
Gross margin 22.15% 49.70% 49.40%
Operating margin 7.99% 33.57% 8.49%
Net margin 1.05% 1.03% 1.01%
Free cash flow margin (2.55%) (32.95%) 1.87%
Return on equity 2.67% 0.00% 12.13%
Return on assets 0.60% 1.49% 0.24%
Return on invested capital 4.12% 23.50% 2.80%

Growth

Metric CTOS EQPT Rental & Leasing Services median
Revenue growth (TTM) 7.03% — 3.21%
EPS growth (last fiscal year) (16.67%) (74.36%) —
Revenue growth, 5-year CAGR 45.05% — 12.97%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric CTOS EQPT Rental & Leasing Services median
Debt to equity 2.03 3.16 1.48
Current ratio 1.34 2.42 1.36
Net debt to EBITDA 4.17 4.59 4.32

Dividend

Metric CTOS EQPT Rental & Leasing Services median
Dividend yield — — 1.59%
Payout ratio 0.00 — 0.00

Size

Metric CTOS EQPT Rental & Leasing Services median
Market cap 2.10b 4.14b 2.42b

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