Custom Truck One Source, Inc. (CTOS) vs Hertz Global Holdings, Inc. (HTZ)

Custom Truck One Source, Inc. and Hertz Global Holdings, Inc. are both Rental & Leasing Services companies. Custom Truck One Source, Inc. is the larger, with a market value of $2.1B against $638.1M — 3.3× the size. Hertz Global Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Custom Truck One Source, Inc. trades at 71.6×. Hertz Global Holdings, Inc. grew revenue faster over the last twelve months: 6.21% against 5.78%. Custom Truck One Source, Inc. has the higher net margin (1.44% vs −3.84%) and the higher return on invested capital (4.27% vs 0.00%). Across the 18 metrics below, Custom Truck One Source, Inc. leads on 11 and Hertz Global Holdings, Inc. on 7.

Valuation

Metric CTOS HTZ Rental & Leasing Services median
P/E 71.56 n/m 20.11
P/S 1.03 0.06 1.11
P/B 2.58 n/m 2.44
Price to free cash flow 267.17 n/m 11.04
EV/EBITDA 8.39 13.65 8.70
EV/Sales 1.83 3.91 2.87
Earnings yield 1.40% (62.57%) 3.40%
Free cash flow yield 0.37% (193.09%) 0.63%

Profitability

Metric CTOS HTZ Rental & Leasing Services median
Gross margin 22.62% 36.85% 48.46%
Operating margin 8.21% 0.00% 8.37%
Net margin 1.44% (3.84%) 1.97%
Free cash flow margin 0.39% (12.23%) 2.91%
Return on equity 3.67% 86.10% 12.31%
Return on assets 0.83% (1.52%) 0.88%
Return on invested capital 4.27% 0.00% 2.86%

Growth

Metric CTOS HTZ Rental & Leasing Services median
Revenue growth (TTM) 5.78% 6.21% 4.47%
EPS growth (last fiscal year) (16.67%) 73.98% 1.04%
Revenue growth, 5-year CAGR 45.05% 10.09% 11.45%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CTOS HTZ Rental & Leasing Services median
Debt to equity 2.01 (73.38) 1.28
Current ratio 1.28 1.53 1.01
Net debt to EBITDA 4.17 6.72 4.19

Dividend

Metric CTOS HTZ Rental & Leasing Services median
Dividend yield — — 1.38%
Payout ratio — — 0.24

Size

Metric CTOS HTZ Rental & Leasing Services median
Market cap 2.11b 638.05m 3.37b

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