Custom Truck One Source, Inc. (CTOS) Key Metrics
CTOS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.07B
- Enterprise value
- $4.70B
- P/E (TTM)
- 100.9 10-yr median 40.2
- Forward P/E
- 32.8
- PEG ratio
- —
- Price / sales
- 1.0 10-yr median 1.7
- Price / book
- 2.7 10-yr median 1.8
- EV / EBITDA
- 10.7 10-yr median 11.5
- Dividend yield
- —
- Beta
- 1.43
CTOS key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCTOS valuation Price multiples at each fiscal year-end price.
CTOS returns How much profit the business earns on the capital it uses.
CTOS per-share figures Results divided by the shares outstanding at year-end.
CTOS financial health Debt, liquidity and how easily interest is covered.
CTOS efficiency & capital use Working capital cycle and where the cash goes.
CTOS valuation history
CTOS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CTOS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CTOS cash returned to shareholders
CTOS price vs earnings per share
CTOS key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.30B | $1.13B | $1.52B | $1.57B | $1.93B | $1.81B | $679.5M | $1.99B | $1.93B | — |
| Enterprise value | $3.72B | $3.55B | $3.71B | $3.38B | $3.49B | $2.53B | $1.42B | $2.79B | $2.71B | — |
| P/E ratio | — | — | 29.9 | 40.2 | — | — | — | 385.5 | — | — |
| Price / sales | 0.7 | 0.6 | 0.8 | 1.0 | 1.7 | 6.0 | 2.6 | 8.1 | 9.5 | — |
| Price / book | 1.6 | 1.3 | 1.7 | 1.8 | 2.2 | — | — | 5.1 | 5.0 | — |
| Price / operating cash flow | 3.7 | 25.2 | — | — | 12.3 | 42.5 | 205.7 | 50.6 | — | — |
| EV / sales | 1.9 | 2.0 | 2.0 | 2.1 | 3.0 | 8.4 | 5.4 | 11.3 | 13.3 | — |
| EV / EBITDA | 9.3 | 9.3 | 8.9 | 9.4 | 33.3 | 22.7 | 13.5 | 25.3 | — | — |
| Earnings yield | −2.4% | −2.5% | 3.3% | 2.5% | −9.4% | −1.2% | −4.0% | 0.3% | −0.0% | — |
| Free cash flow yield | −8.2% | −31.4% | −33.7% | −22.9% | −1.6% | −1.4% | −15.7% | −1.0% | −0.0% | — |
| Shareholder yield (dividends + buybacks) | 2.5% | 2.6% | 2.6% | 0.7% | 0.0% | 0.0% | — | — | 0.0% | — |
| Share price at fiscal year-end | $5.76 | $4.81 | $6.18 | $6.32 | $8.00 | $7.37 | $4.11 | $10.00 | $9.68 | — |
| Per share | ||||||||||
| Revenue per share | $8.58 | $7.69 | $7.59 | $6.35 | $4.84 | $1.23 | $1.60 | $1.23 | $1.02 | $0.94 |
| Earnings per share | −$0.14 | −$0.12 | $0.21 | $0.16 | −$0.75 | −$0.09 | −$0.16 | $0.03 | −$0.00 | −$0.24 |
| Operating cash flow per share | $1.54 | $0.19 | −$0.60 | −$0.07 | $0.65 | $0.17 | $0.02 | $0.20 | −$0.00 | $0.09 |
| Free cash flow per share | −$0.47 | −$1.51 | −$2.08 | −$1.45 | −$0.13 | −$0.11 | −$0.64 | −$0.10 | −$0.00 | $0.08 |
| Cash per share | $0.03 | $0.02 | $0.04 | $0.06 | $0.15 | $0.01 | $0.04 | $0.00 | $0.00 | — |
| Book value per share | $3.57 | $3.67 | $3.73 | $3.59 | $3.56 | −$0.13 | −$0.07 | $1.97 | $1.95 | — |
| Tangible book value per share | −$0.54 | −$0.41 | −$0.26 | −$0.48 | −$0.68 | −$1.37 | −$1.94 | $0.47 | $0.45 | — |
| Capex per share | $2.02 | $1.70 | $1.48 | $1.38 | $0.78 | $0.28 | $0.66 | $0.30 | $0.10 | $0.01 |
| Debt per share | $10.67 | $10.34 | $8.94 | $7.38 | $6.62 | $2.97 | $4.49 | $3.97 | $3.91 | — |
| Shares outstanding | 226.6M | 234.4M | 245.7M | 247.7M | 241.4M | 245.3M | 165.3M | 199.5M | 199.5M | 199.5M |
| Change in shares outstanding | −3.4% | −4.6% | −0.8% | +2.6% | −1.6% | +48.4% | −17.1% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −3.7% | −3.2% | 5.6% | 4.5% | −43.9% | — | — | 1.3% | −0.2% | — |
| Return on invested capital (ROIC) | 3.4% | 3.0% | 5.6% | 4.2% | 0.5% | 1.9% | 3.7% | 3.7% | −0.1% | — |
| Return on assets (ROA) | −0.9% | −0.8% | 1.6% | 1.4% | −10.5% | −2.7% | −4.4% | 1.3% | −0.2% | — |
| Return on tangible assets | −1.1% | −1.1% | 2.1% | 2.0% | −10.9% | −4.6% | −5.3% | 4.8% | −0.7% | — |
| Free cash flow margin | −5.5% | −19.6% | −27.4% | −22.8% | −2.7% | −8.5% | −40.3% | −8.1% | −0.3% | 8.9% |
| Income quality (OCF / net income) | — | — | −2.91 | −0.46 | — | — | — | 7.61 | — | — |
| Financial health | ||||||||||
| Total debt | $2.42B | $2.43B | $2.20B | $1.83B | $1.60B | $727.7M | $742.4M | $792.7M | $779.5M | — |
| Cash & short-term investments | $6.3M | $3.8M | $10.3M | $14.4M | $35.9M | $3.4M | $6.3M | $468,253 | $501,925 | — |
| Net debt | $2.41B | $2.42B | $2.19B | $1.81B | $1.56B | $724.3M | $736.1M | $792.2M | $779.0M | — |
| Debt / equity | 2.99 | 2.82 | 2.40 | 2.06 | 1.86 | — | — | 2.01 | 2.00 | — |
| Debt / assets | 0.65 | 0.69 | 0.65 | 0.62 | 0.60 | 0.95 | 0.91 | 1.94 | 1.93 | — |
| Net debt / EBITDA | 6.06 | 6.36 | 5.27 | 5.05 | 14.90 | 6.49 | 7.02 | 7.20 | — | — |
| Current ratio | 1.33 | 1.30 | 1.41 | 1.37 | 1.49 | 1.45 | 1.49 | 5.17 | 3.45 | — |
| Quick ratio | 0.26 | 0.25 | 0.31 | 0.43 | 0.56 | 1.01 | 1.07 | −120.66 | −42.13 | — |
| Interest coverage | 0.9 | 0.7 | 1.4 | 1.5 | 0.1 | 0.3 | 0.7 | 0.7 | — | — |
| Working capital | $285.3M | $300.8M | $368.5M | $233.4M | $216.1M | $31.9M | $38.1M | $378,721 | $432,372 | — |
| Invested capital | $3.22B | $3.28B | $3.10B | $2.70B | $2.42B | $693.2M | $724.0M | $1.19B | $1.17B | — |
| Tangible asset value | −$121.8M | −$95.9M | −$64.0M | −$119.5M | −$165.2M | −$336.7M | −$320.9M | $94.6M | $90.0M | — |
| Net current asset value | −$1.77B | −$1.34B | −$1.18B | −$1.18B | −$1.17B | −$696.2M | −$711.6M | −$13.7M | −$13.7M | — |
| Graham number | — | — | $4.16 | $3.56 | — | — | — | $1.07 | — | — |
| Graham net-net per share | −$10.16 | −$8.29 | −$7.17 | −$6.31 | −$5.95 | −$2.99 | −$4.54 | $0.16 | $0.14 | — |
| Capital allocation | ||||||||||
| Share buybacks (net) | $32.6M | $29.0M | $38.8M | $10.3M | $0 | $0 | — | — | $0 | — |
| Capex / revenue | 23.5% | 22.1% | 19.5% | 21.7% | 16.1% | 22.6% | 41.5% | 24.1% | 10.3% | 0.8% |
| Capex / operating cash flow | 130.8% | 891.4% | — | — | 119.8% | 160.8% | 3,320.4% | 150.4% | — | 8.5% |
| Capex / depreciation | 1.70 | 1.64 | 1.62 | 1.52 | 0.90 | 0.81 | 1.47 | 0.88 | 7.31 | 0.54 |
| Stock-based compensation / revenue | 0.0% | 0.7% | 0.7% | 0.8% | 1.5% | 0.8% | 0.4% | 0.5% | 0.5% | 0.3% |
| SG&A / revenue | 11.8% | 12.4% | 12.2% | 13.4% | 13.3% | 15.3% | 14.1% | 13.3% | 13.5% | 13.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 40.3 | 47.7 | 46.7 | 49.7 | 40.3 | 79.7 | 85.6 | 75.8 | 89.2 | — |
| Days of inventory on hand | 229.2 | 254.6 | 198.5 | 149.1 | 80.5 | 51.9 | 44.9 | 21.2 | 19.8 | — |
| Days payables outstanding | 20.5 | 25.8 | 25.7 | 26.4 | 22.4 | 58.9 | 62.7 | 47.4 | 55.8 | — |
| Cash conversion cycle (days) | 249.0 | 276.5 | 219.5 | 172.4 | 98.5 | 72.8 | 67.8 | 49.7 | 53.2 | — |
| Receivables turnover | 9.06 | 7.66 | 7.82 | 7.34 | 9.05 | 4.58 | 4.26 | 4.81 | 4.09 | — |
| Payables turnover | 17.83 | 14.15 | 14.20 | 13.82 | 16.29 | 6.20 | 5.82 | 7.71 | 6.54 | — |
| Inventory turnover | 1.59 | 1.43 | 1.84 | 2.45 | 4.53 | 7.03 | 8.13 | 17.22 | 18.43 | — |
| Asset turnover | 0.54 | 0.52 | 0.59 | 0.56 | 0.68 | 0.38 | 0.43 | 0.61 | 0.51 | — |
| Average receivables | $214.6M | $235.4M | $238.7M | $214.2M | $129.0M | $66.1M | $61.9M | $51.2M | $49.8M | — |
| Average payables | $88.4M | $103.1M | $102.5M | $89.2M | $61.5M | $36.5M | $31.0M | $21.8M | $22.7M | — |
| Average inventory | $990.1M | $1.02B | $791.3M | $503.6M | $221.0M | $32.2M | $22.2M | $9.7M | $8.0M | — |
| Intangibles / total assets | 24.9% | 27.3% | 29.1% | 34.3% | 38.1% | 39.8% | 37.9% | 73.4% | 74.1% | — |
Computed from CTOS's annual financial statements (latest annual report filed March 10, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CTOS valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 100.9 and the forward P/E is 32.8. Custom Truck One Source earned a return on equity of −3.7% and a return on invested capital of 3.4% in fiscal 2025. It ended the year with $2.4 billion of debt and $6.3 million in cash and short-term investments, net debt of $2.4 billion. It returned $32.6 million to shareholders: $0 in dividends and $32.6 million in share buybacks. The share count rose 13.5% from 199.5M to 226.6M over 9 years.
See the CTOS income statement, the CTOS chart for price history, or the CTOS stock overview for the latest quote and news.
CTOS key metrics FAQ
What is Custom Truck One Source's P/E ratio?
Custom Truck One Source's trailing P/E ratio is 100.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 32.8. At the end of fiscal 2025 it was —, compared with a 10-year median of 40.2.
What is Custom Truck One Source's EV/EBITDA?
Custom Truck One Source's enterprise value was 9.3 times EBITDA at the end of fiscal 2025 (enterprise value $3.7 billion, EBITDA $397.7 million); the current EV/EBITDA is 10.7.
What is Custom Truck One Source's return on equity?
Custom Truck One Source's return on equity (ROE) was −3.7% in fiscal 2025: net income of -$31.1 million on average shareholders' equity of $835.2 million.
What is Custom Truck One Source's ROIC?
Custom Truck One Source's return on invested capital was 3.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Custom Truck One Source have?
Custom Truck One Source had total debt of $2.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.99 and $2.4 billion of net debt (6.06 times EBITDA).
Does Custom Truck One Source buy back its shares?
Yes. Custom Truck One Source spent $32.6 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.4% over the year, to 226.6M..
What is Custom Truck One Source's free cash flow yield?
Custom Truck One Source generated -$107.6 million of free cash flow in fiscal 2025, a free cash flow yield of −8.2% on its market value at year-end ($1.3 billion).
What is Custom Truck One Source's current ratio?
Custom Truck One Source's current ratio was 1.33 at the end of fiscal 2025: current assets were 1.33 times current liabilities.