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Custom Truck One Source Inc (CTOS) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · RENTAL & LEASING SERVICES · DATA UPDATED 2026-09-06

Custom Truck One Source Inc (CTOS) operates in the RENTAL & LEASING SERVICES industry and is headquartered in Kansas City, United States with about 2,500 employees. Its market capitalization is roughly $2 billion. In the fiscal year ended 2025-12-31, CTOS reported $1.9B in revenue and ($31M) in net income.

Custom Truck One Source, Inc. provides specialty equipment rental and sale services to electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada.

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CTOS Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Total Revenue$2.0B$1.9B$1.8B$1.9B$1.6B$1.2B$303M$264M$246M$204M$187M
Gross Profit$411M$367M$343M$410M$340M$166M$76M$83M$79M$55M$30M
Gross Margin %20.2%18.9%19.1%22.0%21.6%14.2%25.2%31.6%31.9%27.2%15.8%
Operating Income (EBIT)$180M$142M$121M$185M$130M$10M$17M$44M$44M($1M)$2M
Operating Margin %8.9%7.3%6.7%9.9%8.2%0.9%5.7%16.8%17.7%-0.4%0.8%
Net Income$21M($31M)($29M)$51M$39M($182M)($21M)($27M)$5M($1M)($48M)
Net Margin %1.1%-1.6%-1.6%2.7%2.5%-15.6%-7.0%-10.2%2.1%-0.4%-25.7%
EBITDA$458M$398M$381M$415M$359M$105M$33M$105M$110M($1M)$4M
Earnings Per Share (EPS)$0.09$-0.14$-0.12$0.21$0.16$-0.75$-0.09$-0.16$0.03$-0.00$-0.24
Shares Outstanding (M)230M227M234M246M248M241M245M165M200M200M200M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CTOS Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$563M$462M$528M$482M$511M$422M$521M$447M
Gross Profit$114M$93M$113M$91M$92M$76M$108M$82M
Gross Margin %20.2%20.1%21.4%18.8%18.1%17.9%20.8%18.3%
Operating Income (EBIT)$53M$35M$56M$36M$33M$16M$47M$27M
Operating Margin %9.3%7.7%10.7%7.4%6.5%3.8%9.0%6.0%
Net Income$10M($4M)$21M($6M)($28M)($18M)$28M($17M)
Net Margin %1.8%-0.9%4.0%-1.2%-5.5%-4.2%5.3%-3.9%
EBITDA$125M$107M$122M$104M$99M$79M$132M$89M
Earnings Per Share (EPS)$0.05$-0.02$0.09$-0.03$-0.13$-0.08$0.12$-0.07
Shares Outstanding (M)230M227M227M227M226M228M234M234M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CTOS Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Cash from Operations (CFO)$314M$349M$45M($147M)($18M)$157M$43M$3M$39M($1M)$18M
Capital Expenditures (CapEx)$423M$457M$398M$364M$341M$188M$68M$110M$59M$21M$2M
Free Cash Flow (FCF)($109M)($108M)($354M)($512M)($359M)($31M)($26M)($106M)($20M)($22M)$17M
FCF Margin %-5.4%-5.5%-19.6%-27.4%-22.8%-2.7%-8.6%-40.3%-8.1%-10.6%8.9%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CTOS Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$44M$24M$123M$123M$52M$51M$180M($27M)
Capital Expenditures (CapEx)$181M$10M$108M$124M$113M$112M$120M$113M
Free Cash Flow (FCF)($137M)$14M$15M($1M)($61M)($61M)$60M($140M)
FCF Margin %-24.3%3.0%2.9%-0.2%-11.9%-14.4%11.6%-31.3%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CTOS Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Total Assets$3.6B$3.7B$3.5B$3.4B$2.9B$2.7B$768M$815M$408M$403M
Cash & Cash Equivalents$10M$6M$4M$10M$14M$36M$3M$6M$0M$1M
Total Liabilities$2.8B$2.9B$2.6B$2.5B$2.0B$1.8B$799M$827M$14M$14M
Total Debt (Short + Long-Term)$2.4B$2.3B$2.3B$2.2B$1.8B$1.6B$722M$720M$760M$759M
Total Shareholders' Equity$816M$809M$861M$917M$888M$859M($31M)($12M)$394M$389M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive CTOS viewer.

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