Alta Equipment Group Inc. (ALTG) AI Stock Analysis

Alta Equipment Group Inc. operates integrated equipment dealership platforms across the United States, operating through its Material Handling and Construction Equipment segments. Its branch network provides sales, rentals, parts, and service support for specialized equipment, including lift trucks, aerial work platforms, earthmoving machinery, cranes, and paving equipment. In addition to equipment distribution, the company provides repair and maintenance services, warehouse design and construction, automated equipment installation, and system integration. Its customer base spans diversified manufacturing, food and beverage, retail, construction, automotive, municipal, and medical sectors.

Alta Equipment Group generated $1.82B in revenue over the trailing twelve months, with a 5-year revenue CAGR of 16.0% from FY2020 to FY2025. Annual revenue expanded from $1.21B in FY2021 to $1.88B in FY2023, before contracting to $1.88B in FY2024 and falling 2.2% to $1.84B in FY2025. Gross margin was 25.9% in FY2025, matching FY2021 levels. Profitability turned negative in recent years, with net income shifting from $8.9M in FY2023 to -$62.1M in FY2024 and -$80.3M in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue fell 1.2% year-over-year, while quarterly earnings grew 45.4%.

As of June 30, 2026, Alta Equipment Group held $20.9M in cash and short-term investments against $691.3M in total debt, resulting in net debt of $670.4M. Shareholders' equity was negative at -$36.2M, with total assets of $1.32B and a current ratio of 1.38. In FY2025, operating cash flow was $33.0M while free cash flow was -$18.0M. During FY2025, capital expenditures totaled $51.0M, share buybacks used $7.5M, and dividends paid accounted for $3.0M.

ALTG trades at a forward P/E of 222.2x, significantly higher than the 17.2x median of its US-listed Industrials peers. Its price-to-sales multiple is 0.1x compared to the peer median of 1.5x, and its EV-to-EBITDA stands at 9.1x versus the peer median of 13.9x. The company's enterprise value is $1.35B compared to a market capitalization of $194.0M. Over the trailing 1-year period, ALTG dropped 8.6%, lagging the 16.8% return of the S&P 500 benchmark. Over 5 years, the stock returned -50.3% against an 83.0% gain for the benchmark.

Wall Street coverage includes 2 Strong Buy, 1 Buy, and 1 Hold ratings, with no Sell or Strong Sell recommendations. The mean price target of $9.82 represents a 65.3% premium over the last close of $5.94. For the fiscal year ending December 31, 2026, analysts estimate an EPS of -$0.93 and revenue of $1.86B. For the following fiscal year, 4 analysts project an EPS of -$0.62 and revenue of $1.92B. Alta Equipment Group beat EPS estimates in 2 of the last 4 quarters, with next earnings scheduled for November 5, 2026.

This page is an AI-written research summary of Alta Equipment Group Inc. (ALTG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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