Custom Truck One Source, Inc. (CTOS) vs Willis Lease Finance Corporation (WLFC)

Custom Truck One Source, Inc. and Willis Lease Finance Corporation are both Rental & Leasing Services companies. Custom Truck One Source, Inc. is the larger, with a market value of $2.1B against $992.9M — 2.1× the size. Willis Lease Finance Corporation trades at the lower P/E: 12.9× against 71.6×. Willis Lease Finance Corporation grew revenue faster over the last twelve months: 20.1% against 5.78%. Willis Lease Finance Corporation has the higher net margin (8.86% vs 1.44%) and the lower return on invested capital (1.87% vs 4.27%). Across the 21 metrics below, Willis Lease Finance Corporation leads on 11 and Custom Truck One Source, Inc. on 10.

Valuation

Metric CTOS WLFC Rental & Leasing Services median
P/E 71.56 12.89 20.11
P/S 1.03 1.19 1.11
P/B 2.58 1.34 2.44
Price to free cash flow 267.17 n/m 11.04
EV/EBITDA 8.39 9.49 8.70
EV/Sales 1.83 4.07 2.87
Earnings yield 1.40% 7.76% 3.40%
Free cash flow yield 0.37% (27.16%) 0.63%

Profitability

Metric CTOS WLFC Rental & Leasing Services median
Gross margin 22.62% 75.41% 48.46%
Operating margin 8.21% 26.58% 8.37%
Net margin 1.44% 8.86% 1.97%
Free cash flow margin 0.39% (31.54%) 2.91%
Return on equity 3.67% 10.61% 12.31%
Return on assets 0.83% 1.96% 0.88%
Return on invested capital 4.27% 1.87% 2.86%

Growth

Metric CTOS WLFC Rental & Leasing Services median
Revenue growth (TTM) 5.78% 20.14% 4.47%
EPS growth (last fiscal year) (16.67%) 0.33% 1.04%
Revenue growth, 5-year CAGR 45.05% 20.39% 11.45%
Net income growth, 5-year CAGR 0.00% 75.97% 0.00%

Health

Metric CTOS WLFC Rental & Leasing Services median
Debt to equity 2.01 3.45 1.28
Current ratio 1.28 1.13 1.01
Net debt to EBITDA 4.17 5.98 4.19

Dividend

Metric CTOS WLFC Rental & Leasing Services median
Dividend yield — 1.15% 1.38%
Payout ratio — 0.16 0.24

Size

Metric CTOS WLFC Rental & Leasing Services median
Market cap 2.11b 992.93m 3.37b

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