Custom Truck One Source, Inc. (CTOS) AI Stock Analysis

Custom Truck One Source, Inc. specializes in offering specialized equipment rental services to industries across North America, including electric utility transmission and distribution, telecommunications, rail, and other infrastructure-related sectors. It operates through three segments: Equipment Rental Solutions, Truck and Equipment Sales, and Aftermarket Parts and Services. Equipment Rental Solutions owns and leases specialty equipment such as truck-mounted aerial lifts, cranes, service trucks, dump trucks, trailers, and digger derricks. Truck and Equipment Sales sells new customized equipment to meet specific customer requirements. Aftermarket Parts and Services provides maintenance, repair services, and specialized aftermarket parts.

Revenue grew from $1.17B in FY2021 to $1.94B in FY2025, generating a 5-year revenue CAGR of 45.1%. Annual revenue growth reached 34.8% in FY2022 and 18.6% in FY2023, before revenue fell 3.4% in FY2024 to $1.80B and rebounded 7.9% in FY2025. Operating margin was 7.3% in FY2025, compared to 9.9% in FY2023. Net income totaled -$31.1M in FY2025 and -$28.7M in FY2024. Over the trailing twelve months, revenue was $2.04B with a profit margin of 1.1%. In the quarter ended June 30, 2026, quarterly revenue grew 10.2% year-over-year, while quarterly earnings fell 26.5%.

As of June 30, 2026, Custom Truck One Source held $10.3M in cash and short-term investments and $2.43B in total debt, resulting in net debt of $2.42B. Shareholders' equity was $816.0M, with a current ratio of 1.34 and a debt-to-equity ratio of 2.97. In FY2025, operating cash flow was $349.4M, while free cash flow was -$107.6M following $457.0M in capital expenditures. Cash use also included $32.6M directed toward share buybacks.

Custom Truck One Source trades at a trailing P/E of 100.9x and a forward P/E of 32.8x, compared to the median of its US-listed Industrials peers of 24.8x and 17.2x, respectively. Its enterprise value of $4.70B produces an EV-to-EBITDA ratio of 10.7x, below the peer median of 13.9x. The stock has a price-to-sales multiple of 1.0x versus the peer median of 1.5x. Over the past year, CTOS returned 41.7%, outpacing the S&P 500 (SPY) return of 16.8%, while its 5-year return of 8.4% trails the index return of 83.0%.

Analyst coverage consists of 5 Strong Buy ratings, 0 Buy ratings, 1 Hold rating, and no Sell or Strong Sell ratings. The mean price target is $13.33, compared to the last close of $9.08, representing 46.8% potential upside. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $2.12B and EPS of $0.13, reflecting expected EPS growth of 1162.1%. The company has exceeded EPS estimates in each of the last 4 quarters, and its next earnings date is October 26, 2026.

This page is an AI-written research summary of Custom Truck One Source, Inc. (CTOS). 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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