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Rents, sells and services specialty trucks and heavy equipment — bucket trucks, cranes — for utility and infrastructure work.
Rents, sells and services specialty trucks and heavy equipment — bucket trucks, cranes — for utility and infrastructure work.
Sells and rents the same kinds of specialty trucks, so a utility contractor can buy a unit outright or rent it, and the company also earns on parts and service for the equipment. Renting brings steadier income on assets it owns, while sales swing with orders. It took its present form in 2021, when Nesco bought Custom Truck One Source.
Moat: narrow (scale, installed base). Large, specialized fleet and parts/service network give utility contractors uptime advantages competitors struggle to match.
Headquarters: Kansas City, Missouri, US · Founded: 2015 · Employees: 2,500
Size Custom Truck One Source (CTOS) is a United States Financials company (Finance/Rental/Leasing) with a market value of $2.12B, the 1755th largest of 3,117 United States companies the cockpit tracks. Shares closed at $9.33 on 6 Nov 2026.
Performance Over six months the shares fell 3.8%, against -9.6% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 5.8% over the last twelve months (peer median +17.6%); the operating margin is 9.3% (peer median 19.4%).
Valuation It trades at 2.58× book value against a peer median of 1.75× (5th most expensive of 21).
Price implies The share price implies a return on equity of about 26.7%; Custom Truck One Source delivers 3.7%, so the price asks more than the business earns today.
Short interest Short interest is 1.6% of the free float (15 Oct 2026).
Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.05B | $1.94B | $1.80B | $1.87B | $1.57B |
| Revenue growth | — | +8% | -3% | +19% | — |
| Gross profit | $423M | $367M | $343M | $410M | $340M |
| EBITDA | $476M | $410M | $364M | $410M | $353M |
| Net income | $29.5M | -$31.1M | -$28.7M | $50.7M | $38.9M |
| Free cash flow | -$174M | -$108M | -$354M | -$512M | -$359M |
| Capital expenditure | $503M | $489M | $439M | $406M | $341M |
| Total debt | $2.50B | $2.42B | $2.43B | $2.20B | $1.83B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Custom Truck One Source CTOS | $2.12B | -4% | +6% | 4% | 2.58× | 26.7% |
| United Rentals URI | $65.4B | +13% | +9% | 31% | 6.75× | 77.1% |
| Herc HRI | $5.08B | +14% | +19% | 6% | 2.56× | 33.3% |
| Terex TEX | $6.18B | -14% | +40% | 6% | 1.25× | 14.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CTOS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.4% | -4.0% | 8th highest of 21 |
| 6-month return | -3.8% | -9.6% | 8th highest of 21 |
| Return on equity | 3.7% | 13.0% | 5th lowest of 21 |
| Price / book | 2.58× | 1.75× | 5th most expensive of 21 |
| Trailing P/E | 72.2× | 15.5× | 3rd most expensive of 19 |
| ROE the price implies | 26.7% | 21.0% | 7th most demanding of 21 |
| ROE delivered | 3.7% | 12.9% | 3rd lowest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Custom Truck One Source CTOS | United States | $2.12B | -4% | +6% | 4% | 2.58× | 26.7% | 3.7% |
| Upstart UPST | United States | $2.17B | -24% | +39% | 8% | 2.44× | 37.8% | 8.0% |
| Aadhar Housing Finance AADHARHFC.NS | India | $1.99B | -14% | +18% | 16% | 2.48× | 31.1% | n/a |
| AEON Financial Service 8570.T | Japan | $1.95B | -9% | +8% | 5% | 0.67× | 5.2% | 4.9% |
| Fuyo General Lease 8424.T | Japan | $2.34B | -6% | +19% | 5% | 0.72× | 4.8% | 4.5% |
| Federal Agricultural Mortgage AGM | United States | $1.90B | 0% | +31% | 13% | 1.56× | 14.0% | 13.5% |
| Encore Capital ECPG | United States | $2.42B | +36% | +29% | 31% | 2.24× | 21.7% | 30.5% |
| CreditAccess Grameen CREDITACC.NS | India | $1.84B | -27% | +17% | 20% | 1.95× | 20.5% | 19.7% |
| UWM UWMC | United States | $2.44B | -56% | +16% | 2% | 2.67× | 32.8% | 2.1% |
| Capri Global Capital CGCL.NS | India | $2.44B | +20% | +53% | 18% | 2.90× | 21.5% | 17.9% |
| Mizuho Leasing 8425.T | Japan | $2.45B | -13% | +16% | 13% | 0.77× | 6.0% | 13.3% |
| EZCORP EZPW | United States | $1.75B | -15% | +29% | 15% | 1.51× | 11.5% | 14.7% |
| IFCI IFCI.NS | India | $1.75B | -4% | -3% | 2% | 1.85× | 36.2% | n/a |
| Zip ZIP.AX | Australia | $1.74B | -17% | +24% | 17% | 3.74× | 66.6% | 16.8% |
| China Development Bank Financial Leasing 1606.HK | Hong Kong | $2.66B | +4% | -5% | 13% | 0.40× | 4.5% | 12.6% |
| Greatoo Intelligent Equipment 002031.SZ | China | $1.68B | -11% | -20% | -13% | 6.07× | 54.9% | -13.5% |
| Metro Bank MTRO.L | United Kingdom | $1.63B | +22% | +1% | 4% | 0.94× | 12.1% | 4.3% |
| Sammaan Capital SAMMAANCAP.NS | India | $1.61B | -13% | -60% | -35% | 0.80× | 14.2% | n/a |
| IIFL Finance IIFL.NS | India | $2.83B | +35% | +36% | 18% | 1.73× | 23.7% | 17.6% |
| LOTTE rental 089860.KS | South Korea | $1.56B | +74% | +4% | 8% | 1.34× | 6.3% | 7.7% |
| Cholamandalam Financial CHOLAHLDNG.NS | India | $2.89B | -17% | +18% | 17% | 1.77× | 26.2% | n/a |