CTOS Stock Analysis: Custom Truck One Source | NYSE
Rental & Leasing Services | NYSE, USA | Market Cap: 2.041m USD | 12M Return: 49.4% | US23204X1037 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.50M
Qual. Beats: 0
Rev. Trend: 80.3%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 8.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Custom Truck One Source, Inc. (CTOS) is a specialty equipment provider serving electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries across the United States and Canada. The company operates through two segments: Specialty Equipment Rentals (SER) and Specialty Truck Equipment and Manufacturing (STEM). It owns a fleet of new and used specialty equipment, including truck-mounted aerial lifts, cranes, service trucks, dump trucks, trailers, and digger derricks, and offers customized new equipment for sale to meet specific customer requirements.
Beyond equipment rental and sales, the company provides truck and equipment maintenance and repair services, rents and sells specialized tools such as stringing blocks, insulated hot sticks, and rigging equipment, and distributes aftermarket parts. Founded in 1988 and headquartered in Kansas City, Missouri, the company was formerly known as Nesco Holdings, Inc. before rebranding in April 2021. CTOS operates within the Trading Companies & Distributors sub-industry of the Industrials sector, an asset-heavy business model that combines fleet ownership with equipment manufacturing, distribution, and aftermarket support tied to North American infrastructure spending cycles.
- Infrastructure spending and grid modernization fuel utility fleet rental demand
- Fleet utilization and pricing gains drive Specialty Equipment Rentals margins
- High debt load and rising rates pressure capital allocation flexibility
| Net Income: 21.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA 2.59 > 1.0 |
| NWC/Revenue: 16.67% < 20% (prev 14.27%; Δ 2.41% < -1%) |
| CFO/TA 0.09 > 3% & CFO 314.0m > Net Income 21.4m |
| Net Debt (2.54b) to EBITDA (457.7m): 5.55 < 3 |
| Current Ratio: 1.34 > 1.5 & < 3 |
| Outstanding Shares: last quarter (229.7m) vs 12m ago 1.41% < -2% |
| Gross Margin: 20.17% > 18% (prev 18.82%; Δ 1.36% > 0.5%) |
| Asset Turnover: 56.68% > 50% (prev 53.17%; Δ 3.52% > 0%) |
| Interest Coverage Ratio: 1.15 > 6 (EBIT TTM 174.7m / Interest Expense TTM 151.7m) |
| A: 0.09 (Total Current Assets 1.33b - Total Current Liabilities 987.0m) / Total Assets 3.60b |
| B: -0.17 (Retained Earnings -611.3m / Total Assets 3.60b) |
| C: 0.05 (EBIT TTM 174.7m / Avg Total Assets 3.59b) |
| D: 0.29 (Book Value of Equity 816.0m / Total Liabilities 2.79b) |
| Altman-Z'' = 0.70 = B |
| DSRI: 1.21 (Receivables 255.9m/196.8m, Revenue 2.04b/1.90b) |
| GMI: 0.93 (GM 18.82% / 20.17%) |
| AQI: 0.96 (AQ_t 0.26 / AQ_t-1 0.27) |
| SGI: 1.07 (Revenue 2.04b / 1.90b) |
| TATA: -0.08 (NI 21.4m - CFO 314.0m) / TA 3.60b) |
| Beneish M = -2.89 (Cap -4..+1) = A |
As of September 06, 2026, the stock is trading at USD 9.19 with a total of 1,001,413 shares traded. Over the past week, the price has changed by -0.11%, over one month by -16.61%, over three months by -8.10% and over the past year by +49.43%.
Current recommended Stop Loss: 8.60 (which is 6.4% or 1.4 ATR below the current price).
Custom Truck One Source has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy CTOS.
- StrongBuy: 3
- Buy: 0
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 13.3 | 45% |
P/E Trailing = 99.6667
P/E Forward = 30.581
P/S = 1.0027
P/B = 2.4731
Revenue TTM = 2.04b USD
EBIT TTM = 174.7m USD
EBITDA TTM = 457.7m USD
Long Term Debt = 1.66b USD (from longTermDebt, last quarter)
Short Term Debt = 769.4m USD (from shortTermDebt, last quarter)
Debt = 2.55b USD (from shortLongTermDebtTotal, last quarter) + Leases 122.1m
Net Debt = 2.54b USD (calculated: Debt 2.55b - CCE 10.3m)
Enterprise Value = 4.58b USD (2.04b + Debt 2.55b - CCE 10.3m)
Interest Coverage Ratio = 1.15 (Ebit TTM 174.7m / Interest Expense TTM 151.7m)
EV/FCF = -41.90x (Enterprise Value 4.58b / FCF TTM -109.3m)
FCF Yield = -2.39% (FCF TTM -109.3m / Enterprise Value 4.58b)
FCF Margin = -5.37% (FCF TTM -109.3m / Revenue TTM 2.04b)
Net Margin = 1.05% (Net Income TTM 21.4m / Revenue TTM 2.04b)
Gross Margin = 20.17% ((Revenue TTM 2.04b - Cost of Revenue TTM 1.62b) / Revenue TTM)
Gross Margin QoQ = 20.21% (prev 20.14%)
Tobins Q-Ratio = 1.27 (Enterprise Value 4.58b / Total Assets 3.60b)
Interest Expense / Debt = 5.95% (Interest Expense 151.7m / Debt 2.55b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 138.0m (EBIT 174.7m * (1 - 21.00%))
Current Ratio = 1.34 (Total Current Assets 1.33b / Total Current Liabilities 987.0m)
Debt / Equity = 3.12 (Debt 2.55b / totalStockholderEquity, last quarter 816.0m)
Debt / EBITDA = 5.55 (Net Debt 2.54b / EBITDA 457.7m)
Debt / FCF = -23.23 (negative FCF - burning cash) (Net Debt 2.54b / FCF TTM -109.3m)
Total Stockholder Equity = 803.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.60% (Net Income 21.4m / Total Assets 3.60b)
RoE = 2.66% (Net Income TTM 21.4m / Total Stockholder Equity 803.7m)
RoCE = 7.10% (EBIT 174.7m / Capital Employed (Equity 803.7m + L.T.Debt 1.66b))
RoIC = 4.09% (NOPAT 138.0m / Invested Capital 3.38b)
WACC = 8.06% (E(2.04b)/V(4.59b) * Re(12.26%) + D(2.55b)/V(4.59b) * Rd(5.95%) * (1-Tc(0.21)))
Discount Rate = 12.26% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -83.88 | Cagr: -2.00%
[DCF] Fair Price = unknown (Cash Flow -109.3m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.70 | # QB: 0
Revenue Correlation: 80.29 | Revenue CAGR: 3.88% | SUE: 1.68 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.00 | Chg30d=-100.00% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=0.13 | Chg30d=+8.33% | Revisions=+17% | GrowthEPS=+1162.1% | GrowthRev=+9.2%
EPS next Year (2027-12-31): EPS=0.31 | Chg30d=+12.03% | Revisions=+50% | GrowthEPS=+138.5% | GrowthRev=+5.3%
[Analyst] Revisions Ratio: +30% (up=5, down=2)