Custom Truck One Source Inc (CTOS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CTOS SEC filings page.
Custom Truck One Source Inc (CTOS) reported $2.0B in revenue over the twelve months to Jun 30, 2026, up 7.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue recovery is being absorbed by softer margins and heavier financing costs, while working-capital release temporarily strengthens cash conversion.
The unusual FY2025 pattern is cash flow outpacing reported earnings: operating cash flow was$310M while net income was-$31M . Inventory fell from$1.05B to$931M , supporting the interpretation that working-capital release contributed materially to cash generation.
Revenue recovered to
Operating income of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Custom Truck One Source Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Custom Truck One Source Inc has an operating margin of 6.4%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 42/100, indicating healthy but not exceptional operating efficiency. This is down from 7.0% the prior year.
Custom Truck One Source Inc's revenue grew 7.9% year-over-year to $1.9B, a solid pace of expansion. This earns a growth score of 38/100.
Custom Truck One Source Inc has elevated debt relative to equity (D/E of 2.00), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 14/100, reflecting increased financial risk.
Custom Truck One Source Inc's current ratio of 1.33 indicates adequate short-term liquidity, earning a score of 35/100. The company can meet its near-term obligations, though with limited headroom.
Not available for Custom Truck One Source Inc, and counted as zero in the overall score.
Custom Truck One Source Inc posts a -3.8% return on equity (ROE), meaning it loses $4 for every $100 of shareholders' equity. This results in a returns score of 47/100. This is down from -3.3% the prior year.
Custom Truck One Source Inc scores 1.01, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Custom Truck One Source Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Custom Truck One Source Inc reported a net loss of $31.1M while generating $310.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Custom Truck One Source Inc earns $0.79 in operating income for every $1 of interest expense ($124.9M vs $157.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Custom Truck One Source Inc generated $563.4M in revenue in Q2 2026. This represents an increase of 10.2% from the same quarter a year earlier. Against the prior quarter it is up 22.1%.
Custom Truck One Source Inc's EBITDA was $115.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 22.9% from the same quarter a year earlier. Against the prior quarter it is up 15.9%.
Custom Truck One Source Inc reported $10.4M in net income in Q2 2026. This represents an increase of 136.6% from the same quarter a year earlier. Against the prior quarter it is up 353.5%.
Custom Truck One Source Inc earned $0.05 per diluted share (EPS) in Q2 2026. This represents an increase of 138.5% from the same quarter a year earlier. Against the prior quarter it is up 350.0%.
Cash & Balance Sheet
Custom Truck One Source Inc held $10.3M in cash against $1.7B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Custom Truck One Source Inc's gross margin was 22.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.
Custom Truck One Source Inc's operating margin was 8.3% in Q2 2026, reflecting core business profitability. This is up 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.
Custom Truck One Source Inc's net profit margin was 1.8% in Q2 2026, showing the share of revenue converted to profit. This is up 7.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.7 percentage points.
Custom Truck One Source Inc's ROE was 1.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 4.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.8 percentage points.
Capital Allocation
Custom Truck One Source Inc repurchased no shares in Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
CTOS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $563.4M+10.2% | $461.6M+9.3% | $528.2M+1.4% | $482.1M+7.8% | $511.5M+20.9% | $422.2M+2.7% | $520.7M-0.2% | $447.2M+3.0% |
| Cost of Revenue | $439.5M+7.5% | $358.6M+6.5% | $405.1M+0.7% | $381.3M+7.3% | $408.9M+22.5% | $336.7M+5.0% | $402.3M+1.9% | $355.4M+8.6% |
| Gross Profit | $124.0M+20.9% | $103.1M+20.5% | $123.1M+3.9% | $100.8M+9.7% | $102.5M+14.9% | $85.5M-5.7% | $118.5M-6.6% | $91.8M-14.3% |
| SG&A Expenses | $61.3M+3.6% | $57.6M-3.1% | $56.6M-7.5% | $54.9M+0.4% | $59.2M+6.2% | $59.5M+2.5% | $61.2M+3.0% | $54.6M-4.1% |
| Operating Income | $46.6M+66.9% | $31.5M+153.7% | $52.0M-22.7% | $32.6M+41.6% | $27.9M+58.0% | $12.4M-32.5% | $67.3M+25.8% | $23.0M-39.4% |
| EBITDA | $115.5M+22.9% | $99.7M+33.7% | $120.8M-6.9% | $99.5M+20.8% | $94.0M+24.5% | $74.5M0.0% | $129.8M+17.6% | $82.3M-11.0% |
| Interest Expense | $38.2M-5.0% | $35.0M-10.0% | $38.3M-68.7% | $40.2M+141.0% | $40.2M+161.1% | $38.9M+201.7% | $122.1M+952.6% | $16.7M+65.3% |
| Income Tax | -$1.4M-108.1% | $297K+103.9% | -$5.9M-458.8% | -$988K-63.6% | $17.5M+469.3% | -$7.7M-295.3% | -$1.1M-122.4% | -$604K-239.8% |
| Net Income | $10.4M+136.6% | -$4.1M+76.9% | $20.8M-24.3% | -$5.8M+66.9% | -$28.4M-15.9% | -$17.8M-24.1% | $27.5M+70.9% | -$17.4M-289.7% |
| EPS (Basic) | $0.05+138.5% | -$0.02+75.0% | $0.09-25.0% | -$0.03+57.1% | -$0.13-30.0% | -$0.08-33.3% | $0.12+71.4% | -$0.07-275.0% |
| EPS (Diluted) | $0.05+138.5% | -$0.02+75.0% | $0.09-25.0% | -$0.03+57.1% | -$0.13-30.0% | -$0.08-33.3% | $0.12+71.4% | -$0.07-275.0% |
| Diluted Shares (Avg) | 230M+1.4% | 227M-0.7% | N/A | 227M-3.4% | 226M-5.5% | 228M-5.0% | N/A | 234M-4.9% |
Not reported in any period shown, so not listed: R&D Expenses.
CTOS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.6B+0.8% | $3.5B+0.1% | $3.4B-1.7% | $3.5B-1.1% | $3.6B+1.5% | $3.5B+2.7% | $3.5B+4.0% | $3.6B+10.9% |
| Current Assets | $1.3B-0.3% | $1.3B-4.4% | $1.2B-11.0% | $1.3B-10.9% | $1.3B-3.6% | $1.3B-0.5% | $1.3B+2.8% | $1.4B+26.3% |
| Cash & Equivalents | $10.3M+95.6% | $9.6M+78.6% | $6.3M+64.9% | $13.1M+54.8% | $5.3M-34.7% | $5.4M-32.7% | $3.8M-63.1% | $8.4M-4.0% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $1.0B-4.3% | $1.0B-4.9% | $930.9M-11.3% | $1.0B-13.8% | $1.1B-6.9% | $1.1B-2.5% | $1.0B+6.4% | $1.2B+35.1% |
| Accounts Receivable | $245.2M+29.8% | $203.6M+0.7% | $195.5M-9.4% | $182.2M+3.5% | $189.0M+13.4% | $202.2M+19.4% | $215.9M+0.4% | $176.0M+12.6% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $704.9M0.0% | $705.1M0.0% | $705.2M+0.1% | $705.1M0.0% | $705.2M0.0% | $704.8M+0.1% | $704.8M+0.1% | $705.3M+0.2% |
| Total Liabilities | $2.8B+0.1% | $2.7B+0.5% | $2.6B-0.3% | $2.8B+0.5% | $2.8B+4.5% | $2.7B+6.9% | $2.6B+7.8% | $2.7B+18.5% |
| Current Liabilities | $987.0M-6.9% | $972.8M-5.0% | $873.3M-12.7% | $989.5M-9.9% | $1.1B-0.5% | $1.0B+3.1% | $1.0B+11.5% | $1.1B+33.1% |
| Non-Current Liabilities | $1.8B+4.3% | $1.8B+3.8% | $1.8B+7.3% | $1.8B+7.5% | $1.7B+7.8% | $1.7B+9.3% | $1.6B+5.6% | $1.6B+10.4% |
| Long-Term Debt | $1.7B+4.2% | $1.6B+2.2% | $1.6B+6.5% | $1.6B+3.9% | $1.6B+4.0% | $1.6B+6.8% | $1.5B+2.2% | $1.6B+9.9% |
| Total Equity | $816.0M+3.3% | $805.2M-1.0% | $809.1M-6.1% | $784.7M-6.3% | $790.1M-7.8% | $813.4M-9.3% | $861.3M-6.1% | $837.5M-8.3% |
| Retained Earnings | -$611.3M+3.4% | -$621.7M-2.9% | -$617.6M-5.3% | -$638.5M-4.0% | -$632.7M-6.0% | -$604.3M-5.6% | -$586.5M-5.1% | -$614.1M-7.0% |
CTOS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $44.4M-64.7% | $23.8M-57.2% | $47.3M-42.3% | $81.5M+392.9% | $125.7M+232.7% | $55.6M+487.0% | $82.1M+391.2% | $16.5M+1132.2% |
| Depreciation & Amortization | $68.9M+4.3% | $68.2M+9.8% | $68.9M+10.1% | $66.8M+12.7% | $66.0M+14.2% | $62.1M+10.6% | $62.6M+9.9% | $59.3M+8.7% |
| Stock-Based Compensation | $3.4M+93.3% | $1.2M-51.0% | N/A | N/A | $1.8M | $2.4M-11.9% | N/A | N/A |
| Investing Cash Flow | -$47.0M+31.4% | -$59.2M+16.9% | -$48.7M-115.4% | -$94.0M-42.0% | -$68.5M-4.9% | -$71.3M-113.4% | -$22.6M+27.1% | -$66.2M-55.0% |
| Financing Cash Flow | $2.7M+104.8% | $38.6M+124.3% | -$5.6M+91.4% | $20.2M-59.5% | -$57.1M-307.7% | $17.2M-62.2% | -$64.5M-206.9% | $49.8M+355.5% |
| Share Buybacks | $0 | $0-100.0% | $0 | $0-100.0% | $0-100.0% | $32.6M+381.7% | $0-100.0% | $6.0M-61.2% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.
CTOS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.0%+1.9pp | 22.3%+2.1pp | 23.3%+0.6pp | 20.9%+0.4pp | 20.1%-1.0pp | 20.3%-1.8pp | 22.8%-1.6pp | 20.5%-4.1pp |
| Operating Margin | 8.3%+2.8pp | 6.8%+3.9pp | 9.8%-3.1pp | 6.8%+1.6pp | 5.5%+1.3pp | 2.9%-1.5pp | 12.9%+2.7pp | 5.1%-3.6pp |
| Net Margin | 1.8%+7.4pp | -0.9%+3.3pp | 3.9%-1.4pp | -1.2%+2.7pp | -5.5%+0.2pp | -4.2%-0.7pp | 5.3%+2.2pp | -3.9%-6.0pp |
| Return on Equity | 1.3%+4.9pp | -0.5%+1.7pp | 2.6%-0.6pp | -0.7%+1.3pp | -3.6%-0.7pp | -2.2%-0.6pp | 3.2%+1.4pp | -2.1%-3.1pp |
| Return on Assets | 0.3%+1.1pp | -0.1%+0.4pp | 0.6%-0.2pp | -0.2%+0.3pp | -0.8%-0.1pp | -0.5%-0.1pp | 0.8%+0.3pp | -0.5%-0.8pp |
| Current Ratio | 1.34+0.1x | 1.300.0x | 1.330.0x | 1.270.0x | 1.260.0x | 1.290.0x | 1.30-0.1x | 1.28-0.1x |
| Debt-to-Equity | 2.030.0x | 2.02+0.1x | 2.00+0.2x | 2.08+0.2x | 2.01+0.2x | 1.96+0.3x | 1.76+0.1x | 1.87+0.3x |
| Asset Turnover | 0.160.0x | 0.130.0x | 0.150.0x | 0.140.0x | 0.140.0x | 0.120.0x | 0.150.0x | 0.120.0x |
Not reported in any period shown, so not listed: FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Custom Truck One Source Inc CTOS | FY2025 | $1.9B | -$31.1M | -1.6% | $2.1B | 29/100 |
| Willis Lease WLFC | FY2025 | $730.2M | $114.0M | 15.6% | $1.2B | 43/100 |
| Prog Holdings Inc PRG | FY2025 | $2.4B | $146.8M | 6.1% | $1.5B | 35/100 |
| Hertz Global Hld HTZ | FY2025 | $8.5B | -$747.0M | -8.8% | $778.8M | 5/100 |
| Vestis Corporation VSTS | FY2025 | $2.7B | -$40.2M | -1.5% | $1.8B | 42/100 |
Where Custom Truck One Source Inc Ranks
Frequently Asked Questions
What is Custom Truck One Source Inc's annual revenue?
Custom Truck One Source Inc (CTOS) reported $1.9B in total revenue for fiscal year 2025. This represents a 7.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Custom Truck One Source Inc's revenue growing?
Custom Truck One Source Inc (CTOS) revenue grew by 7.9% year-over-year, from $1.8B to $1.9B in fiscal year 2025.
Is Custom Truck One Source Inc profitable?
No, Custom Truck One Source Inc (CTOS) reported a net income of -$31.1M in fiscal year 2025, with a net profit margin of -1.6%.
What is Custom Truck One Source Inc's EBITDA?
Custom Truck One Source Inc (CTOS) had EBITDA of $388.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Custom Truck One Source Inc have?
As of fiscal year 2025, Custom Truck One Source Inc (CTOS) had $6.3M in cash and equivalents against $1.6B in long-term debt.
What is Custom Truck One Source Inc's gross margin?
Custom Truck One Source Inc (CTOS) had a gross margin of 21.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Custom Truck One Source Inc's operating margin?
Custom Truck One Source Inc (CTOS) had an operating margin of 6.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Custom Truck One Source Inc's net profit margin?
Custom Truck One Source Inc (CTOS) had a net profit margin of -1.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Custom Truck One Source Inc's return on equity (ROE)?
Custom Truck One Source Inc (CTOS) has a return on equity of -3.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Custom Truck One Source Inc's operating cash flow?
Custom Truck One Source Inc (CTOS) generated $310.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Custom Truck One Source Inc's total assets?
Custom Truck One Source Inc (CTOS) had $3.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Custom Truck One Source Inc's current ratio?
Custom Truck One Source Inc (CTOS) had a current ratio of 1.33 as of fiscal year 2025, which is considered adequate.
What is Custom Truck One Source Inc's debt-to-equity ratio?
Custom Truck One Source Inc (CTOS) had a debt-to-equity ratio of 2.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Custom Truck One Source Inc's return on assets (ROA)?
Custom Truck One Source Inc (CTOS) had a return on assets of -0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Custom Truck One Source Inc's P/E ratio?
Custom Truck One Source Inc (CTOS) trades at 98.5x earnings, its market capitalization divided by net income of $21.4M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.1B as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Custom Truck One Source Inc's price-to-sales ratio?
Custom Truck One Source Inc (CTOS) trades at 1.0x sales, its market capitalization divided by revenue of $2.0B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.1B as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Custom Truck One Source Inc's Altman Z-Score?
Custom Truck One Source Inc (CTOS) has an Altman Z-Score of 1.01, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Custom Truck One Source Inc's Piotroski F-Score?
Custom Truck One Source Inc (CTOS) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Custom Truck One Source Inc's earnings high quality?
Custom Truck One Source Inc (CTOS) reported a net loss of $31.1M while generating $310.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Custom Truck One Source Inc cover its interest payments?
Custom Truck One Source Inc (CTOS) has an interest coverage ratio of 0.79x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Custom Truck One Source Inc?
Custom Truck One Source Inc (CTOS) scores 29 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.