(CTOS) Custom Truck One Source - Overview

Sector: Industrials | Industry: Rental & Leasing Services | Exchange: NYSE (USA) | Market Cap: 1.493m USD | Total Return: 83.4% in 12m

Heavy Equipment, Rental Services, Parts, Sales
Total Rating 51
Safety 59
Buy Signal 0.16
Rental & Leasing Services
Industry Rotation: +4.7
Market Cap: 1.49B
Avg Turnover: 4.66M USD
ATR: 4.08%
Peers RS (IBD): 88.7
Risk 5d forecast
Volatility50.4%
Rel. Tail Risk-12.5%
Reward TTM
Sharpe Ratio1.44
Alpha27.01
Character TTM
Beta1.697
Beta Downside2.305
Drawdowns 3y
Max DD56.75%
CAGR/Max DD0.01
EPS (Earnings per Share) EPS (Earnings per Share) of CTOS over the last years for every Quarter: "2021-03": -0.57, "2021-06": -0.19, "2021-09": -0.09, "2021-12": -0.02, "2022-03": -0.01, "2022-06": 0.05, "2022-09": -0.01, "2022-12": 0.13, "2023-03": 0.06, "2023-06": 0.05, "2023-09": 0.04, "2023-12": 0.07, "2024-03": -0.06, "2024-06": -0.1, "2024-09": -0.07, "2024-12": 0.0465, "2025-03": -0.05, "2025-06": -0.0856, "2025-09": -0.03, "2025-12": 0.1251, "2026-03": 0,
EPS CAGR: -9.83%
EPS Trend: -31.1%
Last SUE: 1.46
Qual. Beats: 2
Revenue Revenue of CTOS over the last years for every Quarter: 2021-03: 78.299, 2021-06: 375.111, 2021-09: 357.305, 2021-12: 356.439, 2022-03: 366.476, 2022-06: 362.106, 2022-09: 357.78, 2022-12: 486.724, 2023-03: 452.163, 2023-06: 456.83, 2023-09: 434.353, 2023-12: 521.754, 2024-03: 411.307, 2024-06: 423.013, 2024-09: 447.22, 2024-12: 520.74, 2025-03: 422.232, 2025-06: 511.483, 2025-09: 482.058, 2025-12: 528.184, 2026-03: null,
Rev. CAGR: 10.24%
Rev. Trend: 66.9%
Last SUE: -1.54
Qual. Beats: 0

Warnings

High Debt/EBITDA (5.9) with thin interest coverage (0.8)

High Debt while negative Cash Flow

Interest Coverage Ratio 0.8 is critical

Altman Z'' -0.02 < 1.0 - financial distress zone

Choppy

Tailwinds

No distinct edge detected

Description: CTOS Custom Truck One Source

Custom Truck One Source, Inc. (CTOS) is a North American provider of specialty equipment. The company serves infrastructure-related industries, including electric utilities, telecommunications, and waste management. Its business model includes equipment rental, new and used equipment sales, and aftermarket parts and services.

The company operates in three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS). ERS offers a range of truck-mounted equipment like aerial lifts and cranes. TES sells new equipment, often customized for specific customer needs. APS provides maintenance, repair, and specialized parts and tool sales.

The specialty equipment rental market is characterized by high capital expenditures for fleet acquisition and maintenance. Rental services allow customers to avoid these upfront costs. The companys focus on customized equipment addresses diverse client requirements within its target sectors.

For more detailed financial and operational insights, consider exploring ValueRay.

Headlines to Watch Out For
  • Infrastructure spending drives equipment rental and sales demand
  • Utility and telecom capital expenditures impact equipment demand
  • Used equipment market fluctuations affect resale values
  • Interest rate changes influence equipment financing costs
  • Regulatory shifts in infrastructure projects create demand volatility
Piotroski VR‑10 (Strict) 5.5
Net Income: -31.1m TTM > 0 and > 6% of Revenue
FCF/TA: -0.03 > 0.02 and ΔFCF/TA 7.22 > 1.0
NWC/Revenue: 14.68% < 20% (prev 16.69%; Δ -2.01% < -1%)
CFO/TA 0.09 > 3% & CFO 349.4m > Net Income -31.1m
Net Debt (2.41b) to EBITDA (406.4m): 5.93 < 3
Current Ratio: 1.33 > 1.5 & < 3
Outstanding Shares: last quarter (226.6m) vs 12m ago -3.09% < -2%
Gross Margin: 18.90% > 18% (prev 0.19%; Δ 1.87k% > 0.5%)
Asset Turnover: 53.71% > 50% (prev 51.46%; Δ 2.25% > 0%)
Interest Coverage Ratio: 0.84 > 6 (EBITDA TTM 406.4m / Interest Expense TTM 157.6m)
Altman Z'' -0.02
A: 0.08 (Total Current Assets 1.16b - Total Current Liabilities 873.3m) / Total Assets 3.74b
B: -0.17 (Retained Earnings -617.6m / Total Assets 3.74b)
C: 0.04 (EBIT TTM 132.6m / Avg Total Assets 3.62b)
D: -0.21 (Book Value of Equity -628.2m / Total Liabilities 2.93b)
Altman-Z'' Score: -0.02 = B
Beneish M -3.06
DSRI: 0.84 (Receivables 204.4m/224.8m, Revenue 1.94b/1.80b)
GMI: 1.03 (GM 18.90% / 19.44%)
AQI: 1.19 (AQ_t 0.33 / AQ_t-1 0.28)
SGI: 1.08 (Revenue 1.94b / 1.80b)
TATA: -0.10 (NI -31.1m - CFO 349.4m) / TA 3.74b)
Beneish M-Score: -3.06 (Cap -4..+1) = AA
What is the price of CTOS shares? As of April 08, 2026, the stock is trading at USD 6.64 with a total of 429,001 shares traded.
Over the past week, the price has changed by +1.07%, over one month by +4.08%, over three months by +12.16% and over the past year by +83.43%.
Is CTOS a buy, sell or hold? 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
What are the forecasts/targets for the CTOS price?
Analysts Target Price 7.7 15.5%
Custom Truck One Source (CTOS) - Fundamental Data Overview as of 07 April 2026
P/E Forward = 65.7895
P/S = 0.7683
P/B = 1.8458
Revenue TTM = 1.94b USD
EBIT TTM = 132.6m USD
EBITDA TTM = 406.4m USD
Long Term Debt = 1.62b USD (from longTermDebt, last quarter)
Short Term Debt = 692.2m USD (from shortTermDebt, last quarter)
Debt = 2.42b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.41b USD (from netDebt column, last quarter)
Enterprise Value = 3.90b USD (1.49b + Debt 2.42b - CCE 6.27m)
Interest Coverage Ratio = 0.84 (Ebit TTM 132.6m / Interest Expense TTM 157.6m)
EV/FCF = -36.29x (Enterprise Value 3.90b / FCF TTM -107.6m)
FCF Yield = -2.76% (FCF TTM -107.6m / Enterprise Value 3.90b)
FCF Margin = -5.53% (FCF TTM -107.6m / Revenue TTM 1.94b)
Net Margin = -1.60% (Net Income TTM -31.1m / Revenue TTM 1.94b)
Gross Margin = 18.90% ((Revenue TTM 1.94b - Cost of Revenue TTM 1.58b) / Revenue TTM)
Gross Margin QoQ = 20.58% (prev 18.82%)
Tobins Q-Ratio = 1.05 (Enterprise Value 3.90b / Total Assets 3.74b)
Interest Expense / Debt = 1.58% (Interest Expense 38.3m / Debt 2.42b)
Taxrate = 21.0% (US default 21%)
NOPAT = 104.8m (EBIT 132.6m * (1 - 21.00%))
Current Ratio = 1.33 (Total Current Assets 1.16b / Total Current Liabilities 873.3m)
Debt / Equity = 2.99 (Debt 2.42b / totalStockholderEquity, last quarter 809.1m)
Debt / EBITDA = 5.93 (Net Debt 2.41b / EBITDA 406.4m)
 Debt / FCF = -22.41 (negative FCF - burning cash) (Net Debt 2.41b / FCF TTM -107.6m)
 Total Stockholder Equity = 799.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.86% (Net Income -31.1m / Total Assets 3.74b)
RoE = -3.88% (Net Income TTM -31.1m / Total Stockholder Equity 799.3m)
RoCE = 5.48% (EBIT 132.6m / Capital Employed (Equity 799.3m + L.T.Debt 1.62b))
RoIC = 3.31% (NOPAT 104.8m / Invested Capital 3.17b)
WACC = 5.34% (E(1.49b)/V(3.91b) * Re(11.95%) + D(2.42b)/V(3.91b) * Rd(1.58%) * (1-Tc(0.21)))
Discount Rate = 11.95% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.04%
 [DCF] Fair Price = unknown (Cash Flow -107.6m)
 EPS Correlation: -31.13 | EPS CAGR: -9.83% | SUE: 1.46 | # QB: 2
Revenue Correlation: 66.94 | Revenue CAGR: 10.24% | SUE: -1.54 | # QB: 0
EPS current Year (2026-12-31): EPS=0.08 | Chg7d=+0.010 | Chg30d=+0.010 | Revisions Net=+1 | Growth EPS=+644.4% | Growth Revenue=+4.7%
EPS next Year (2027-12-31): EPS=0.21 | Chg7d=+0.090 | Chg30d=+0.090 | Revisions Net=+1 | Growth EPS=+173.9% | Growth Revenue=+4.9%
[Analyst] Revisions Ratio: +0.33 (2 Up / 1 Down within 30d for Current Year)
External Resources
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