(CTOS) Custom Truck One Source - Ratings and Ratios
Rental Fleet, Utility Trucks, Aerial Lifts, Parts, Service
EPS (Earnings per Share)
Revenue
Dividends
Currently no dividends paid| Risk via 5d forecast | |
|---|---|
| Volatility | 48.6% |
| Value at Risk 5%th | 68.0% |
| Relative Tail Risk | -14.95% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.64 |
| Alpha | -4.74 |
| CAGR/Max DD | -0.10 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.351 |
| Beta | 1.646 |
| Beta Downside | 1.681 |
| Drawdowns 3y | |
|---|---|
| Max DD | 58.59% |
| Mean DD | 25.80% |
| Median DD | 22.90% |
Description: CTOS Custom Truck One Source November 11, 2025
Custom Truck One Source, Inc. (NYSE:CTOS) is a Kansas-City-based provider of specialty equipment rental, sales, and aftermarket services for infrastructure sectors such as electric utility transmission & distribution, telecommunications, rail, forestry, and waste management across the United States and Canada. The firm, originally incorporated as Nesco Holdings in 1988, rebranded to its current name in April 2021.
The business is organized into three operating segments: (1) Equipment Rental Solutions (ERS), which owns and rents a fleet of new and used specialty trucks and machinery-including aerial lifts, cranes, dump trucks, trailers, and digger derricks; (2) Truck and Equipment Sales (TES), which sells new, customer-configured equipment for the same end-markets; and (3) Aftermarket Parts and Services (APS), which delivers maintenance, repair, and the rental/sale of specialized tools and parts such as insulated hot sticks and rigging gear.
Key industry drivers include robust U.S. infrastructure spending (the bipartisan Infrastructure Investment and Jobs Act is projected to generate $1.2 trillion in construction activity through 2027) and accelerated renewable-energy grid upgrades, both of which boost demand for mobile heavy-lift and line-maintenance equipment. According to CTOS’s 2023 Form 10-K, the company generated roughly $560 million in revenue with an EBIT margin of 7.5 % and a fleet utilization rate of about 78 %, indicating relatively high asset efficiency. The after-market segment contributed ~22 % of total revenue and has shown a 5-year compound annual growth rate (CAGR) of ~4 %, reflecting the sticky nature of maintenance contracts in the utility sector.
For a deeper, data-driven assessment of CTOS’s valuation dynamics and peer comparison, you may find ValueRay’s analytical platform a useful next step.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (-24.4m TTM) > 0 and > 6% of Revenue (6% = 116.2m TTM) |
| FCFTA -0.02 (>2.0%) and ΔFCFTA 14.30pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 13.84% (prev 17.33%; Δ -3.49pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.11 (>3.0%) and CFO 406.4m > Net Income -24.4m (YES >=105%, WARN >=100%) |
| Net Debt (2.48b) to EBITDA (413.1m) ratio: 6.00 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.27 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (226.6m) change vs 12m ago -3.36% (target <= -2.0% for YES) |
| Gross Margin 18.95% (prev 19.91%; Δ -0.97pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 54.39% (prev 50.37%; Δ 4.02pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.90 (EBITDA TTM 413.1m / Interest Expense TTM 162.3m) >= 6 (WARN >= 3) |
Altman Z'' -0.06
| (A) 0.08 = (Total Current Assets 1.26b - Total Current Liabilities 989.5m) / Total Assets 3.54b |
| (B) -0.18 = Retained Earnings (Balance) -638.5m / Total Assets 3.54b |
| (C) 0.04 = EBIT TTM 145.7m / Avg Total Assets 3.56b |
| (D) -0.24 = Book Value of Equity -650.1m / Total Liabilities 2.76b |
| Total Rating: -0.06 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 44.61
| 1. Piotroski 4.50pt |
| 2. FCF Yield -1.64% |
| 3. FCF Margin -3.22% |
| 4. Debt/Equity 3.17 |
| 5. Debt/Ebitda 6.00 |
| 6. ROIC - WACC (= -1.17)% |
| 7. RoE -3.00% |
| 8. Rev. Trend 68.03% |
| 9. EPS Trend -49.34% |
What is the price of CTOS shares?
Over the past week, the price has changed by +2.07%, over one month by -1.66%, over three months by -5.73% and over the past year by +31.56%.
Is CTOS a buy, sell or hold?
- Strong Buy: 3
- Buy: 0
- Hold: 3
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the CTOS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 7.7 | 29.6% |
| Analysts Target Price | 7.7 | 29.6% |
| ValueRay Target Price | 6 | 1.2% |
CTOS Fundamental Data Overview January 04, 2026
P/S = 0.6786
P/B = 1.6631
Beta = 1.284
Revenue TTM = 1.94b USD
EBIT TTM = 145.7m USD
EBITDA TTM = 413.1m USD
Long Term Debt = 1.63b USD (from longTermDebt, last quarter)
Short Term Debt = 763.3m USD (from shortTermDebt, last quarter)
Debt = 2.49b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.48b USD (from netDebt column, last quarter)
Enterprise Value = 3.79b USD (1.31b + Debt 2.49b - CCE 13.1m)
Interest Coverage Ratio = 0.90 (Ebit TTM 145.7m / Interest Expense TTM 162.3m)
FCF Yield = -1.64% (FCF TTM -62.3m / Enterprise Value 3.79b)
FCF Margin = -3.22% (FCF TTM -62.3m / Revenue TTM 1.94b)
Net Margin = -1.26% (Net Income TTM -24.4m / Revenue TTM 1.94b)
Gross Margin = 18.95% ((Revenue TTM 1.94b - Cost of Revenue TTM 1.57b) / Revenue TTM)
Gross Margin QoQ = 18.82% (prev 18.06%)
Tobins Q-Ratio = 1.07 (Enterprise Value 3.79b / Total Assets 3.54b)
Interest Expense / Debt = 1.62% (Interest Expense 40.2m / Debt 2.49b)
Taxrate = 14.65% (-988.0k / -6.74m)
NOPAT = 124.3m (EBIT 145.7m * (1 - 14.65%))
Current Ratio = 1.27 (Total Current Assets 1.26b / Total Current Liabilities 989.5m)
Debt / Equity = 3.17 (Debt 2.49b / totalStockholderEquity, last quarter 784.7m)
Debt / EBITDA = 6.00 (Net Debt 2.48b / EBITDA 413.1m)
Debt / FCF = -39.78 (negative FCF - burning cash) (Net Debt 2.48b / FCF TTM -62.3m)
Total Stockholder Equity = 812.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.68% (Net Income -24.4m / Total Assets 3.54b)
RoE = -3.00% (Net Income TTM -24.4m / Total Stockholder Equity 812.4m)
RoCE = 5.97% (EBIT 145.7m / Capital Employed (Equity 812.4m + L.T.Debt 1.63b))
RoIC = 3.90% (NOPAT 124.3m / Invested Capital 3.19b)
WACC = 5.07% (E(1.31b)/V(3.81b) * Re(12.08%) + D(2.49b)/V(3.81b) * Rd(1.62%) * (1-Tc(0.15)))
Discount Rate = 12.08% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.24%
Fair Price DCF = unknown (Cash Flow -62.3m)
EPS Correlation: -49.34 | EPS CAGR: 2.70% | SUE: -2.56 | # QB: 0
Revenue Correlation: 68.03 | Revenue CAGR: 8.38% | SUE: -0.28 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.07 | Chg30d=-0.020 | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=0.07 | Chg30d=-0.037 | Revisions Net=-2 | Growth EPS=+147.6% | Growth Revenue=+4.9%
Additional Sources for CTOS Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle