Custom Truck One Source, Inc. (CTOS) Income Statement
CTOS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCTOS revenue and net income
Where CTOS's revenue goes
2025Each bar shows an amount and its share of revenue. CTOS kept −1.6% of revenue as net income.
CTOS profit margins
CTOS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.9% | +7.3% | +45.1% | — |
| Gross profit | +7.0% | +2.6% | +36.9% | — |
| Operating income | +17.2% | +3.0% | +52.4% | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CTOS quarterly EPS vs estimates
Custom Truck One Source beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 26, 2026 (estimate $0.01).
CTOS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.94B | $1.80B | $1.87B | $1.57B | $1.17B | $302.7M | $264.0M | $246.3M | $203.8M | $187.1M |
| Cost of revenue | $1.58B | $1.46B | $1.46B | $1.23B | $1.00B | $226.3M | $180.6M | $167.7M | $148.3M | $157.5M |
| Gross profit | $367.4M | $343.4M | $410.1M | $340.4M | $165.6M | $76.4M | $83.4M | $78.6M | $55.5M | $29.6M |
| Sales, general & admin | $230.1M | $223.3M | $228.1M | $210.9M | $155.8M | $46.4M | $37.3M | $32.7M | $27.6M | $25.2M |
| Total operating expenses | $225.8M | $222.6M | $225.0M | $210.9M | $155.8M | $59.2M | $39.1M | $35.0M | $777,471 | $28.1M |
| Operating income | $141.6M | $120.8M | $185.1M | $129.5M | $9.9M | $17.2M | $44.3M | $43.6M | −$777,471 | $1.6M |
| Interest income | — | — | — | — | — | — | $63.4M | $6.7M | — | — |
| Interest expense | $157.6M | $167.1M | $131.3M | $88.9M | $72.8M | $63.2M | $63.4M | $63.4M | $0 | $0 |
| Income before taxes | −$28.1M | −$29.2M | $58.1M | $46.7M | −$177.1M | −$51.4M | −$33.0M | $5.2M | −$777,471 | −$46.7M |
| Income taxes | $2.9M | −$532,000 | $7.4M | $7.8M | $4.4M | −$30.1M | −$6.0M | −$13.5M | $3.5M | $1.3M |
| Net income | −$31.1M | −$28.7M | $50.7M | $38.9M | −$181.5M | −$21.3M | −$27.1M | $5.2M | −$777,471 | −$48.0M |
| EBITDA | $397.7M | $380.7M | $414.8M | $359.1M | $104.8M | $111.7M | $104.9M | $110.0M | −$777,471 | $4.4M |
| EPS (diluted) | $0.00 | −$0.06 | $0.31 | $0.24 | −$0.70 | −$0.41 | −$0.33 | $0.37 | −$0.05 | — |
| Gross margin | 18.9% | 19.1% | 22.0% | 21.6% | 14.2% | 25.3% | 31.6% | 31.9% | 27.2% | 15.8% |
| Operating margin | 7.3% | 6.7% | 9.9% | 8.2% | 0.8% | 5.7% | 16.8% | 17.7% | −0.4% | 0.8% |
| Net margin | −1.6% | −1.6% | 2.7% | 2.5% | −15.6% | −7.0% | −10.2% | 2.1% | −0.4% | −25.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $563.4M | $461.6M | $528.2M | $482.1M | $511.5M | $422.2M | $520.7M | $447.2M | $423.0M | $411.3M | $521.8M | $434.4M |
| Cost of revenue | $449.6M | $368.6M | $415.2M | $391.3M | $419.1M | $346.7M | $412.5M | $365.6M | $343.8M | $330.1M | $404.7M | $336.5M |
| Gross profit | $113.9M | $93.0M | $113.0M | $90.7M | $92.4M | $75.5M | $108.2M | $81.7M | $79.2M | $81.2M | $117.0M | $97.9M |
| Sales, general & admin | $61.3M | $57.6M | $56.6M | $54.9M | $59.2M | $59.5M | $61.2M | $54.6M | $55.7M | $58.0M | $59.4M | $57.0M |
| Total operating expenses | $61.3M | $57.6M | $56.6M | $54.9M | $59.2M | $59.5M | $61.2M | $54.6M | $55.7M | $58.0M | $59.4M | $57.0M |
| Operating income | $52.6M | $35.4M | $56.4M | $35.9M | $33.2M | $16.1M | $47.0M | $27.0M | $23.5M | $23.2M | $57.6M | $40.9M |
| Interest income | $551,000 | — | — | $874,000 | $1.4M | — | — | $2.8M | $3.3M | — | — | $5.7M |
| Interest expense | $38.2M | $35.0M | $38.3M | $40.2M | $40.2M | $38.9M | $42.9M | $43.9M | $42.4M | $37.9M | $36.4M | $34.1M |
| Income before taxes | $9.0M | −$3.8M | $15.0M | −$6.7M | −$10.9M | −$25.5M | $26.5M | −$18.0M | −$21.4M | −$16.3M | $20.8M | $9.6M |
| Income taxes | −$1.4M | $297,000 | −$5.9M | −$988,000 | $17.5M | −$7.7M | −$1.1M | −$604,000 | $3.1M | −$1.9M | $4.7M | $432,000 |
| Net income | $10.4M | −$4.1M | $20.9M | −$5.8M | −$28.4M | −$17.8M | $27.6M | −$17.4M | −$24.5M | −$14.3M | $16.1M | $9.2M |
| EBITDA | $121.5M | $103.6M | $122.1M | $103.7M | $98.6M | $78.9M | $132.0M | $88.6M | $82.2M | $80.7M | $114.1M | $98.3M |
| EPS (diluted) | $0.05 | $0.02 | $0.13 | $0.01 | −$0.09 | −$0.05 | $0.05 | −$0.04 | −$0.05 | −$0.02 | $0.07 | $0.08 |
| Gross margin | 20.2% | 20.1% | 21.4% | 18.8% | 18.1% | 17.9% | 20.8% | 18.3% | 18.7% | 19.7% | 22.4% | 22.5% |
| Operating margin | 9.3% | 7.7% | 10.7% | 7.4% | 6.5% | 3.8% | 9.0% | 6.0% | 5.6% | 5.6% | 11.0% | 9.4% |
| Net margin | 1.8% | −0.9% | 4.0% | −1.2% | −5.5% | −4.2% | 5.3% | −3.9% | −5.8% | −3.5% | 3.1% | 2.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CTOS's financial statements (latest annual report filed March 10, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CTOS financial results
In fiscal year 2025 (ended December 31, 2025), Custom Truck One Source reported revenue of $1.9 billion, up 7.9% from the year before. It had a net loss of $31.1 million, a net profit margin of −1.6%. Diluted earnings per share came to $0.00. Over five years revenue grew at an average rate of 45.1% a year.
See the CTOS stock overview for the latest quote and news, or the CTOS chart for price history and technical indicators.
CTOS income statement FAQ
What is Custom Truck One Source's annual revenue?
Custom Truck One Source reported total revenue of $1.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.9% from $1.8 billion the previous year.
Is Custom Truck One Source profitable?
No. Custom Truck One Source reported a net loss of $31.1 million in fiscal 2025, a net profit margin of −1.6%; its operating margin was 7.3%.
What is Custom Truck One Source's gross margin?
Custom Truck One Source's gross margin was 18.9% in fiscal 2025: for every $100 of revenue, Custom Truck One Source kept $19 after the direct cost of its products and services.
How fast is Custom Truck One Source growing?
Revenue grew 45.1% a year on average over the last five fiscal years, from $302.7 million to $1.9 billion.
What are Custom Truck One Source's earnings per share?
Custom Truck One Source earned $-0.00 per diluted share in fiscal 2025, compared with $-0.06 a year earlier.
When will Custom Truck One Source report its next earnings?
Custom Truck One Source is expected to report results for the quarter ending September 30, 2026 on October 26, 2026 after the market closes.
When does Custom Truck One Source's fiscal year end?
Custom Truck One Source's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 10, 2026.