Custom Truck One Source, Inc. CTOS
Custom Truck One Source, Inc. ("we," "our," "us," "Custom Truck," or "the Company"), a Delaware corporation, and its wholly owned subsidiaries are engaged in the business of providing a range of services and products to customers through rentals and sales of specialty equipment, rentals and sales of aftermarket parts and services related to the specialty equipment, and repair, maintenance, and customization services related to that equipment. Immediately following the acquisition by Nesco Holdings II, Inc. of Custom Truck One Source, L.P. ("Custom Truck LP") on April 1, 2021 (the "Acquisition"), Nesco Holdings, Inc. ("Nesco Holdings") changed its name to "Custom Truck One Source, Inc." and changed The New York Stock Exchange ticker for its shares of common stock from "NSCO" to "CTOS."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.45B | $1.36B | $1.33B | $1.08B | $788.5M | $115.2M | $74.9M | $69.3M | $50.0M | — |
| Cost of revenue | $1.53B | $1.41B | $1.41B | $1.19B | $957.1M | $226.3M | $177.5M | $164.7M | $146.0M | — |
| Gross profit | $411.9M | $390.3M | $454.3M | $383.7M | $210.0M | $76.4M | $86.5M | $81.6M | $57.7M | — |
| SG&A | $230.1M | $229.5M | $231.4M | $210.9M | $155.8M | $46.4M | $37.3M | $32.7M | $27.6M | — |
| Total operating expenses | $286.9M | $263.9M | $283.3M | $280.4M | $252.0M | $59.2M | $50.5M | $38.5M | $34.3M | — |
| Operating income | $124.9M | $126.4M | $170.9M | $103.3M | -$42.0M | $17.2M | $36.0M | $43.2M | $23.5M | — |
| Pre-tax income | -$28.1M | -$29.2M | $58.1M | $46.7M | -$177.1M | -$51.4M | -$33.0M | -$13.8M | -$30.6M | — |
| Income tax | $2.9M | $532.0K | $7.4M | $7.8M | $4.4M | $30.1M | $6.0M | $1.7M | $3.5M | — |
| Net income | -$31.1M | -$28.7M | $50.7M | $38.9M | -$181.5M | -$21.3M | -$27.1M | -$15.5M | -$27.1M | — |
| EPS, basic | -0.14 | -0.12 | 0.21 | 0.16 | -0.75 | -0.43 | -0.82 | — | — | — |
| EPS, diluted | -0.14 | -0.12 | 0.21 | 0.16 | -0.75 | -0.43 | -0.82 | -0.72 | -1.25 | — |
| Shares, diluted (wtd. avg.) | $227.0M | $237.0M | $245.7M | $247.7M | $241.4M | $49.1M | $33.1M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $6.3M | $3.8M | $10.3M | $14.4M | $35.9M | $3.4M | $6.3M | $2.1M | $960.0K | $1.3M |
| Receivables | $195.5M | $215.9M | $215.1M | $193.1M | $168.4M | $60.9M | $71.3M | $52.6M | — | — |
| Inventory | $930.9M | $1.05B | $985.8M | $596.7M | $410.5M | $31.4M | $33.0M | $11.4M | — | — |
| Total current assets | $1.16B | $1.30B | $1.27B | $868.2M | $656.7M | $103.2M | $115.8M | $68.6M | $608.8K | — |
| Property, plant and equipment | — | — | — | — | — | $6.3M | $6.6M | $2.8M | — | — |
| Goodwill | $705.2M | $704.8M | $704.0M | $703.8M | $695.9M | $238.1M | $238.2M | $228.7M | — | — |
| Other intangibles | $225.7M | $252.4M | $277.2M | $304.1M | $327.8M | $67.6M | $70.6M | $70.7M | — | — |
| Total assets | $3.44B | $3.50B | $3.37B | $2.94B | $2.68B | $768.4M | $815.3M | $691.6M | $403.1M | — |
| Accounts payable | $88.4M | $88.5M | $117.7M | $87.3M | $91.1M | $31.8M | $41.2M | $20.9M | $176.5K | — |
| Short-term debt | $25.9M | $7.8M | $8.3M | $6.9M | $6.4M | $1.3M | $1.3M | $2.5M | — | — |
| Total current liabilities | $873.3M | $1.00B | $897.4M | $634.9M | $440.6M | $71.4M | $77.8M | $53.4M | $176.5K | — |
| Long-term debt | $1.62B | $1.52B | $1.49B | $1.35B | $1.31B | $715.9M | $713.0M | $756.9M | — | — |
| Total liabilities | — | — | — | — | — | — | — | $14.2M | $14.3M | — |
| Retained earnings | -$617.6M | -$586.5M | -$557.9M | -$608.6M | -$647.5M | -$466.0M | -$444.7M | -$417.7M | -$777.5K | — |
| Total equity | $809.1M | $861.3M | $917.2M | $888.4M | $858.5M | -$31.1M | -$12.1M | -$158.8M | -$144.0M | -$118.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $310.1M | $122.0M | -$30.9M | $46.0M | $138.9M | $42.8M | $18.8M | $41.0M | $17.2M | — |
| Depreciation and amortisation | $263.9M | $235.8M | $219.0M | $223.5M | $209.1M | $84.9M | $76.8M | $64.3M | $62.1M | — |
| Stock-based compensation | $8.5M | $11.9M | $13.3M | $12.3M | $17.3M | $2.4M | $1.0M | $1.1M | $1.1M | — |
| Investing cash flow | -$282.5M | -$187.5M | -$176.6M | -$218.9M | -$1.43B | -$29.3M | -$129.7M | -$27.4M | -$21.4M | — |
| Financing cash flow | -$25.3M | $58.3M | $202.9M | $153.9M | $1.32B | -$16.4M | $115.0M | -$12.4M | $3.8M | — |
| Buybacks | $32.6M | $29.0M | $38.8M | $10.3M | $0 | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001709682-26-000030.
Others in SIC 7359
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