NYSE · Financial Statements

Custom Truck One Source, Inc. (CTOS) Financial Statements

$9.06 NYSE: CTOS Market Cap $2.06B

Custom Truck One Source, Inc. most recently reported annual revenue of $1.9B, a net loss of $31.0M. Revenue grew at an average annual rate of 45.0% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Custom Truck One Source, Inc.: Revenue rose from $187.0M in 2016 to $1.9B in 2025, a change of +939.6% over 9 years; net profit was positive in 3 of 10 reported years; operating margin moved from 0.8% to 7.3%, a shift of +6.4 percentage points; the most recent year shows a net loss of $31.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$187.0M$0$246.0M$264.0M$303.0M$1.2B$1.6B$1.9B$1.8B$1.9B
Operating Expenses$186.0M$1.0M$203.0M$220.0M$285.0M$1.2B$1.4B$1.7B$1.7B$1.8B
Operating Profit$2.0M$-1.0M$44.0M$44.0M$17.0M$10.0M$130.0M$185.0M$121.0M$142.0M
Operating Margin0.8%0.0%17.7%16.8%5.7%0.8%8.2%9.9%6.7%7.3%
Other Income$-48.0M$0$-57.0M$-77.0M$-69.0M$-187.0M$-83.0M$-127.0M$-150.0M$-170.0M
Interest$0$0$63.0M$63.0M$63.0M$73.0M$89.0M$131.0M$167.0M$158.0M
Depreciation$3.0M$0$67.0M$75.0M$6.0M$209.0M$223.0M$225.0M$243.0M$268.0M
Profit Before Tax$-47.0M$-1.0M$5.0M$-33.0M$-51.0M$-177.0M$47.0M$58.0M$-29.0M$-28.0M
Tax$-2.8M$0$-260.1M$18.1M$58.6M$-2.5M$16.8M$12.7M$1.8M$-10.4M
Net Profit$-48.0M$-1.0M$5.0M$-27.0M$-21.0M$-182.0M$39.0M$51.0M$-29.0M$-31.0M
EPS$-4.76$-0.07$0.43$-0.82$-0.43$-0.75$0.16$0.21$-0.12$-0.14
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$434.0M$522.0M$411.0M$423.0M$447.0M$521.0M$422.0M$511.0M$482.0M$528.0M$462.0M$563.0M
Operating Expenses$393.0M$464.0M$388.0M$399.0M$420.0M$474.0M$406.0M$478.0M$446.0M$472.0M$426.0M$511.0M
Operating Profit$41.0M$58.0M$23.0M$24.0M$27.0M$47.0M$16.0M$33.0M$36.0M$56.0M$35.0M$53.0M
Operating Margin9.4%11.0%5.6%5.6%6.0%9.0%3.8%6.5%7.4%10.7%7.7%9.3%
Interest$34.0M$36.0M$38.0M$42.0M$44.0M$43.0M$39.0M$40.0M$40.0M$38.0M$35.0M$38.0M
Profit Before Tax$10.0M$21.0M$-16.0M$-21.0M$-18.0M$27.0M$-25.0M$-11.0M$-7.0M$15.0M$-4.0M$9.0M
Tax$4.5M$22.5M$12.0M$-14.3M$3.4M$-4.0M$30.2M$-160.3M$14.7M$-39.1M$-7.8M$-15.8M
Net Profit$9.0M$16.0M$-14.0M$-24.0M$-17.0M$28.0M$-18.0M$-28.0M$-6.0M$21.0M$-4.0M$10.0M
EPS$0.04$0.07$-0.06$-0.10$-0.07$0.12$-0.08$-0.13$-0.03$0.09$-0.02$0.05

Over the 10 years reported for Custom Truck One Source, Inc., cash stood at $6.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 1.33 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets—$403.0M$408.0M$815.0M$768.0M$2.7B$2.9B$3.4B$3.5B$3.7B
Current Assets—$1.0M$0$116.0M$103.0M$657.0M$868.0M$1.3B$1.3B$1.2B
Cash—$1.0M$0$6.0M$3.0M$36.0M$14.0M$10.0M$4.0M$6.0M
Inventory—$8.0M$11.0M$33.0M$31.0M$411.0M$597.0M$986.0M$1.0B$931.0M
Receivables—$0$53.0M$71.0M$61.0M$197.0M$231.0M$246.0M$225.0M$204.0M
Fixed Assets—$3.0M$323.0M$390.0M$342.0M$979.0M$1.0B$1.1B$1.2B$1.3B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$403.0M$0$0$0$0$0$0$0$0
Other Assets—$228.0M$229.0M$238.0M$238.0M$696.0M$704.0M$704.0M$705.0M$705.0M
Total Liabilities—$14.0M$14.0M$827.0M$799.0M$1.8B$2.0B$2.5B$2.6B$2.9B
Current Liabilities—$0$0$78.0M$71.0M$441.0M$635.0M$897.0M$1.0B$873.0M
Borrowings$0$779.0M$793.0M$742.0M$728.0M$1.6B$1.8B$2.2B$2.4B$2.4B
Other Liabilities—$0$0$85.0M$72.0M$227.0M$223.0M$254.0M$215.0M$510.0M
Equity—$384.0M$389.0M$0$0$0$0$0$0$0
Reserves—$389.0M$394.0M$-12.0M$-31.0M$859.0M$888.0M$917.0M$861.0M$809.0M

For Custom Truck One Source, Inc., operating cash flow was positive in 7 of 10 reported years; free cash flow in the latest year was negative at $108.0M; free cash flow was positive in 1 of 10 years; financing activities used $34.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$18.0M$-1.0M$39.0M$3.0M$43.0M$157.0M$-18.0M$-147.0M$45.0M$349.0M
Investing Cash Flow$-13.0M$-424.0M$-85.0M$-239.0M$-98.0M$-1.6B$-560.0M$-541.0M$-586.0M$-739.0M
Financing Cash Flow$0$0$0$147.0M$0$-54.0M$-12.0M$-38.0M$-30.0M$-34.0M
Net Cash Flow$-2.0M$-1.0M$0$4.0M$-3.0M$32.0M$-22.0M$-4.0M$-7.0M$2.0M
Free Cash Flow$17.0M$-1.0M$-20.0M$-106.0M$-26.0M$-31.0M$-359.0M$-512.0M$-354.0M$-108.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.28
EV / EBITDA10.14
FCF Yield-4.91%
Quick Ratio0.29
Interest Coverage1.19
Return 1Y83.77%
Return 3Y53.95%
Return 5Y28.57%

Custom Truck One Source, Inc. (CTOS) financials — frequently asked questions

What is Custom Truck One Source, Inc.'s annual revenue?

Custom Truck One Source, Inc. (CTOS) reported annual revenue of $1.9B in its most recent fiscal year.

What is Custom Truck One Source, Inc.'s net profit?

Custom Truck One Source, Inc. (CTOS) reported a net loss of $31.0M in its most recent fiscal year.

What is CTOS EV/EBITDA?

Custom Truck One Source, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 10.14.

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