CTOS Stock Analysis: Custom Truck One Source | NYSE
Rental & Leasing Services | NYSE, USA | Market Cap: 2.391m USD | 12M Return: 82.8% | US23204X1037 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 9.44M
Qual. Beats: 0
Rev. Trend: 6.0%
Qual. Beats: -1
Warnings
Tailwinds
Seasonality 9 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 infrastructure-related end markets in the United States and Canada, including electric utility transmission and distribution, telecommunications, rail, forestry, and waste management. The company operates through two segments: Specialty Equipment Rentals (SER) and Specialty Truck Equipment and Manufacturing (STEM). Its asset base includes truck-mounted aerial lifts, cranes, service trucks, dump trucks, trailers, and digger derricks, which it rents and sells, often customized to customer specifications. CTOS also offers maintenance and repair services, specialty tools (such as stringing blocks and insulated hot sticks), and aftermarket parts.
The company is classified within the GICS Industrials sector under Trading Companies & Distributors, a sub-industry that typically includes firms engaged in the distribution, rental, and servicing of specialized equipment. Its business model combines an asset-heavy rental fleet with new equipment sales and manufacturing, generating revenue through rental fees, equipment sales, custom modifications, and recurring service work. Originally founded in 1988 and headquartered in Kansas City, Missouri, the company was previously known as Nesco Holdings, Inc. before adopting its current name in April 2021.
- Electric grid modernization fuels specialty equipment rental demand
- Telecom 5G and fiber buildout drives aerial lift rentals
- Used equipment pricing and rental utilization boost segment margins
| Net Income: 27.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 4.29 > 0.02 and ΔFCF/TA 431.0 > 1.0 |
| NWC/Revenue: -63.45% < 20% (prev 13.84%; Δ -77.29% < -1%) |
| CFO/TA 34.34 > 3% & CFO 123.5m > Net Income 27.2m |
| Net Debt (1.74b) to EBITDA (412.6m): 4.22 < 3 |
| Current Ratio: 0.00 > 1.5 & < 3 |
| Outstanding Shares: last quarter (229.9m) vs 12m ago 1.47% < -2% |
| Gross Margin: 20.60% > 18% (prev 18.95%; Δ 1.65% > 0.5%) |
| Asset Turnover: 87.68% > 50% (prev 54.69%; Δ 32.98% > 0%) |
| Interest Coverage Ratio: 1.30 > 6 (EBIT TTM 144.4m / Interest Expense TTM 111.5m) |
| A: -274.1 (Total Current Assets 1.26m - Total Current Liabilities 987.0m) / Total Assets 3.60m |
| B: -0.17 (Retained Earnings -609k / Total Assets 3.60m) |
| C: 0.08 (EBIT TTM 144.4m / Avg Total Assets 1.77b) |
| D: 0.46 (Book Value of Equity 822k / Total Liabilities 1.79m) |
| Altman-Z'' = -1.80k = D |
| DSRI: 0.10 (Receivables 205k/189.0m, Revenue 1.55b/1.94b) |
| GMI: 0.92 (GM 18.95% / 20.60%) |
| AQI: 2.14 (AQ_t 0.57 / AQ_t-1 0.27) |
| SGI: 0.80 (Revenue 1.55b / 1.94b) |
| TATA: -26.78 (NI 27.2m - CFO 123.5m) / TA 3.60m) |
| Beneish M = -6.17 (Cap -4..+1) = AAA |
As of November 05, 2026, the stock is trading at USD 10.62 with a total of 1,065,390 shares traded. Over the past week, the price has changed by +1.05%, over one month by +7.49%, over three months by -0.09% and over the past year by +82.79%.
Current recommended Stop Loss: 9.70 (which is 8.7% or 1.8 ATR below the current price).
Custom Truck One Source has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy CTOS.
- StrongBuy: 5
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 13.3 | 25.5% |
P/E Trailing = 105.1
P/E Forward = 31.0559
P/S = 1.1748
P/B = 2.5122
Revenue TTM = 1.55b USD
EBIT TTM = 144.4m USD
EBITDA TTM = 412.6m USD
Long Term Debt = 1.62b USD (from longTermDebt, last fiscal year)
Short Term Debt = 10.6k USD (from shortTermDebt, last quarter)
Debt = 1.74b USD (corrected: LT Debt 1.62b + ST Debt 10.6k) + Leases 122.1m
Net Debt = 1.74b USD (calculated: Debt 1.74b - CCE 14.6k)
Enterprise Value = 4.13b USD (2.39b + Debt 1.74b - CCE 14.6k)
Interest Coverage Ratio = 1.30 (Ebit TTM 144.4m / Interest Expense TTM 111.5m)
EV/FCF = 267.7x (Enterprise Value 4.13b / FCF TTM 15.4m)
FCF Yield = 0.37% (FCF TTM 15.4m / Enterprise Value 4.13b)
FCF Margin = 0.99% (FCF TTM 15.4m / Revenue TTM 1.55b)
Net Margin = 1.75% (Net Income TTM 27.2m / Revenue TTM 1.55b)
Gross Margin = 20.60% ((Revenue TTM 1.55b - Cost of Revenue TTM 1.23b) / Revenue TTM)
Gross Margin QoQ = 22.87% (prev 20.21%)
Tobins Q-Ratio = 1.15k (set to none) (Enterprise Value 4.13b / Total Assets 3.60m)
Interest Expense / Debt = 6.40% (Interest Expense 111.5m / Debt 1.74b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 114.1m (EBIT 144.4m * (1 - 21.00%))
Current Ratio = 0.00 (Total Current Assets 1.26m / Total Current Liabilities 987.0m)
Debt / Equity = 2.12k (out of range, set to none) (Debt 1.74b / totalStockholderEquity, last quarter 822k)
Debt / EBITDA = 4.22 (Net Debt 1.74b / EBITDA 412.6m)
Debt / FCF = 112.8 (Net Debt 1.74b / FCF TTM 15.4m)
Total Stockholder Equity = 607.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.53% (Net Income 27.2m / Total Assets 3.60m)
RoE = 4.47% (Net Income TTM 27.2m / Total Stockholder Equity 607.8m)
RoCE = 6.48% (EBIT 144.4m / Capital Employed (Equity 607.8m + L.T.Debt 1.62b))
RoIC = 4.37k% (out of range, set to none) (NOPAT 114.1m / Invested Capital 2.61m)
WACC = 8.69% (E(2.39b)/V(4.13b) * Re(11.33%) + D(1.74b)/V(4.13b) * Rd(6.40%) * (1-Tc(0.21)))
Discount Rate = 11.33% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -67.04 | Cagr: -1.85%
[DCF] Terminal Value 74.26% ; FCFF base≈15.4m ; Y1≈15.5m ; Y5≈16.4m
[DCF] Fair Price = N/A (negative equity: EV 241.5m - Net Debt 1.74b = -1.50b; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 6.03 | Revenue CAGR: 0.46% | SUE: -4.0 | # QB: -1
EPS current Quarter (2027-03-31): EPS=0.01 | Chg30d=N/A | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=0.13 | Chg30d=+0.00% | Revisions=+17% | GrowthEPS=+1162.1% | GrowthRev=+9.2%
EPS next Year (2027-12-31): EPS=0.31 | Chg30d=+0.00% | Revisions=+50% | GrowthEPS=+138.5% | GrowthRev=+5.3%
[Analyst] Revisions Ratio: +30% (up=5, down=2)