Custom Truck One Source
Rents, manufactures and services specialty trucks for North American infrastructure work.
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Profile
Rents, manufactures, sells and services specialty trucks and equipment for utility, telecom, rail and other infrastructure work across North America. Revenue spans fleet rentals, new and used equipment sales, customization, parts and repair, with results tied to project demand, fleet utilization and equipment supply.
Rents, sells and services specialty trucks and equipment used to build and maintain electric utility, telecommunications, rail, forestry, waste and other infrastructure across North America. Specialty Equipment Rentals manages the fleet and related aftermarket support; Specialty Truck Equipment & Manufacturing produces and sells new and used vocational trucks, trailers and configured equipment, including the Load King brand.
Combines rental inventory with application-specific production, customization, parts, repair and maintenance, giving utilities and contractors one channel for equipment through its operating life. The lineup includes bucket trucks, digger derricks, cranes, service trucks, rail equipment and heavy-haul trailers, supported by a branch network, mobile technicians and third-party service partners.
Demand follows infrastructure construction and maintenance activity, while execution depends on fleet availability and utilization, skilled service capacity, OEM chassis supply and required safety testing for insulated equipment.
Company facts
Key statistics
Year to date +58.7% · Average volume (30d) 1.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $13 | $14 | |
| Aug 5, 2026 | Oppenheimer | Reiterate | Outperform | $11 | $13 | |
| Aug 4, 2026 | Robert W. Baird | Target | $6.50 | $12 | ||
| May 26, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $11 | $13 | |
| May 26, 2026 | Capital One Financial | Target | $13 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $0.01 | $0.05 | +328.4% | $509.8M | $563.4M | +10.5% | +3.67% |
| Apr 27, 2026Q1 FY26 | −$0.05 | −$0.02 | +60.0% | $452.7M | $461.6M | +2.0% | +2.62% |
| Mar 10, 2026Q4 FY25 | $0.07 | $0.09 | +32.9% | $584.7M | $528.2M | −9.7% | +6.18% |
| Oct 27, 2025Q3 FY25 | −$0.03 | −$0.03 | 0.0% | $584.8M | $482.1M | −17.6% | −10.68% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $422.2M | $511.5M | $482.1M | $528.2M | $461.6M | $563.4M | |
| Gross profit | $75.5M | $92.4M | $90.7M | $113.0M | $93.0M | $113.9M | |
| Operating income | $16.1M | $33.2M | $35.9M | $56.4M | $35.4M | $52.6M | |
| Net income | −$17.8M | −$28.4M | −$5.8M | $20.9M | −$4.1M | $10.4M | |
| Diluted EPS | −$0.08 | −$0.13 | −$0.03 | $0.09 | −$0.02 | $0.05 | |
| Gross margin | 17.9% | 18.1% | 18.8% | 21.4% | 20.1% | 20.2% | |
| Operating margin | 3.8% | 6.5% | 7.4% | 10.7% | 7.7% | 9.3% |
Fiscal years (4-quarter sums)FY21 $1.17B · FY22 $1.57B · FY23 $1.87B · FY24 $1.80B · FY25 $1.94B
Revenue by product · Q1 FY26
Revenue by geography · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $10.3M · Total debt $2.43B · Total assets $3.60B · Shareholders' equity $816.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 227.43M · Float 60.02M · 26.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Platinum Equity Advisors, LLC/DE | 156.74M | 68.92% | 13F | May 15, 2026 |
| Canvas Wealth Advisors, LLC | 7.02M | 3.09% | 13F | Apr 28, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 5.67M | 2.50% | 13F | May 15, 2026 |
| Dimensional Fund Advisors LP | 5.60M | 2.46% | 13F | May 7, 2026 |
| Mark Ein · director | 5.17M | 2.27% | Form 4 | Apr 2, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Terex
Direct utility-equipment and aerial-device manufacturer overlap
- United Rentals
Broad rental network overlaps on aerial, fluid, and utility jobsite gear
- Sunbelt Rentals
North American rental scale challenges specialty fleet utilization
- Herc
Aerial and specialty rentals overlap infrastructure and utility jobsites
- Oshkosh
JLG access equipment and vocational vehicles overlap rental fleets
- Federal Signal
Vacuum, sewer, and infrastructure vehicles overlap CTOS specialty trucks
- Alamo Group
Vacuum, forestry, and vegetation equipment overlap utility truck niches
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Custom Truck One Source | $9.20 | −0.05% | $2.09B | 98.0 | 42.2 | 1.0 | +10.2% |
| Terex | $63.73 | −0.02% | $7.28B | 32.4 | 11.7 | 1.1 | +50.5% |
| United Rentals | $1,030.25 | +0.02% | $64.13B | 24.9 | 19.6 | 3.8 | +11.8% |
| Sunbelt Rentals | $74.59 | +1.91% | $30.01B | 23.5 | 18.3 | 2.7 | — |
| Herc | $150.60 | +0.06% | $5.03B | 102.4 | 18.2 | 1.0 | +20.2% |
| Oshkosh | $153.96 | −0.05% | $9.51B | 17.6 | 11.8 | 0.9 | +6.7% |
| Federal Signal | $118.13 | +0.04% | $7.21B | 25.5 | 21.8 | 2.9 | +18.7% |
| Alamo Group | $165.27 | +0.02% | $2.01B | 19.8 | 14.8 | 1.2 | +7.6% |
| Median | 24.9 | 18.2 | 1.2 | +15.3% |