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North American equipment-rental operator (Sunbelt Rentals) that became US-listed parent after Ashtead Group's redomicile from the UK.
North American equipment-rental operator (Sunbelt Rentals) that became US-listed parent after Ashtead Group's redomicile from the UK.
Rents equipment by the day, week or month, so profit depends on how much of its fleet is out earning and what each unit rents for against its cost and depreciation. It grows by adding branches and fleet and by buying smaller rental firms, and sells older units as used equipment. The US business is by far the largest part.
Moat: narrow (scale, distribution, installed base). Second-largest North American rental fleet and branch network behind United Rentals.
Headquarters: Fort Mill, South Carolina, US · Founded: 1947 · Employees: 26,016
Size Sunbelt Rentals (SUNB) is a United States Industrials company (Finance/Rental/Leasing) with a market value of $31.6B, the 350th largest of 3,117 United States companies the cockpit tracks. Shares closed at $77.05 on 6 Nov 2026.
Performance Over six months the shares gained 5.2%, against -6.5% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 3.4% over the last twelve months (peer median +11.6%); the operating margin is 21.3% (peer median 16.1%).
Valuation It trades at 4.24× book value against a peer median of 7.25× (6th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Short interest Short interest is 2.1% of the free float (15 Oct 2026).
Next results Next results expected around 30 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $11.5B | $11.2B | $10.8B | $10.9B | $9.67B |
| Revenue growth | — | +3% | -1% | +12% | — |
| Gross profit | $3.99B | $3.87B | $3.88B | $4.08B | $3.79B |
| EBITDA | $4.74B | $4.64B | $4.76B | $4.56B | $4.17B |
| Net income | $1.39B | $1.32B | $1.55B | $1.57B | $1.60B |
| Free cash flow | $3.42B | $3.43B | $3.40B | $3.00B | $2.85B |
| Capital expenditure | $342M | $358M | $456M | $688M | $510M |
| Total debt | $11.4B | $10.6B | $10.4B | $10.7B | $8.99B |
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 |
|---|---|---|---|---|---|---|
| Sunbelt Rentals SUNB | $31.6B | +5% | +3% | 17% | 4.24× | 35.0% |
| United Rentals URI | $65.4B | +13% | +9% | 31% | 6.75× | 77.1% |
| Herc HRI | $5.08B | +14% | +19% | 6% | 2.56× | 33.3% |
| Custom Truck One Source CTOS | $2.12B | -4% | +6% | 4% | 2.58× | 26.7% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SUNB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.9% | +3.8% | 11th highest of 21 |
| 6-month return | +5.2% | -6.5% | 9th highest of 21 |
| Return on equity | 17.4% | 22.3% | 9th lowest of 20 |
| Price / book | 4.24× | 7.25× | 6th cheapest of 20 |
| Trailing P/E | 22.8× | 23.6× | 7th cheapest of 19 |
| ROE the price implies | 35.0% | 49.9% | 7th least demanding of 19 |
| Net debt / EBITDA | 2.4× | 1.1× | 6th most indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Sunbelt Rentals SUNB | United States | $31.6B | +5% | +3% | 17% | 4.24× | 35.0% | n/a |
| Rocket Lab RKLB | United States | $31.8B | -50% | +53% | -8% | 9.09× | 156.3% | -7.9% |
| Ingersoll Rand IR | United States | $31.9B | +10% | +8% | 13% | 3.03× | 26.0% | 13.4% |
| Elbit Systems ESLT | United States | $32.0B | -13% | +12% | 15% | 7.25× | 27.3% | 15.2% |
| Otis Worldwide OTIS | United States | $30.1B | +6% | +6% | n/a | n/a | n/a | n/a |
| Copart CPRT | United States | $29.6B | -6% | 0% | 16% | 3.25× | 25.5% | 16.2% |
| Ryanair Holdings PLC Sponsored ADR RYAAY | United States | $29.5B | +2% | +9% | 17% | 2.33× | 21.5% | 17.3% |
| Old Dominion ODFL | United States | $34.2B | -17% | +4% | 26% | 7.98× | 63.4% | 26.0% |
| Veralto VLTO | United States | $28.5B | +35% | +6% | 33% | 8.82× | 48.8% | 33.0% |
| Comfort Systems USA FIX | United States | $35.6B | -48% | +51% | 59% | 10.68× | 110.4% | 58.6% |
| United Airlines UAL | United States | $36.6B | +13% | +12% | 22% | 2.06× | 21.1% | 22.3% |
| Dover DOV | United States | $27.1B | -7% | +8% | 15% | 3.61× | 29.5% | 15.2% |
| Emcor EME | United States | $26.6B | -34% | +22% | 41% | 6.26× | 51.0% | 40.6% |
| Verisk Analytics VRSK | United States | $26.6B | +19% | +5% | 444% | 91.63× | n/a | n/a |
| HEICO HEI | United States | $39.2B | +14% | +21% | 19% | 9.40× | 71.7% | 18.7% |
| Axon Enterprise AXON | United States | $25.4B | -22% | +35% | 6% | 6.92× | 67.0% | 6.2% |
| Expeditors International EXPD | United States | $24.0B | +18% | +19% | 45% | 10.21× | 76.6% | 45.0% |
| Paychex PAYX | United States | $41.7B | +26% | +14% | 47% | 11.25× | 68.9% | 47.1% |
| Rockwell Automation ROK | United States | $41.7B | -17% | +11% | 34% | 11.95× | 115.1% | 34.5% |
| Carrier Global CARR | United States | $42.9B | -22% | +3% | -15% | 4.27× | 39.2% | -14.9% |
| Hubbell HUBB | United States | $22.7B | -13% | +16% | 23% | 5.53× | 36.5% | 23.3% |