Custom Truck One Source, Inc. (CTOS) Stock Analysis
Industrials · Rental & Leasing Services · NYSE
Custom Truck One Source, Inc. (CTOS) posted $1.94B in revenue for fiscal 2025 (up 7.9% year over year), with a net loss of $31.05M, and has compounded revenue about 45.1%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Custom Truck One Source, Inc.
Custom Truck One Source, Inc. has grown revenue from $203.77M to $1.94B over the last 9 fiscal years, compounding about 45.1% a year. The most recent year was up 7.9%, so growth has cooled from its longer-run pace.
Net margin sits at -1.6% on a 21.2% gross margin. It carries about $2.30B of total debt.
The one thing worth a second look in the filings is heavy debt load.
Synthesised from Custom Truck One Source, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Custom Truck One Source, Inc. revenue & earnings — last 9 fiscal years
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $203.77M | $246.30M | $264.04M | $302.74M | $1.17B | $1.57B | $1.87B | $1.80B | $1.94B |
| Gross profit | $57.74M | $81.62M | $86.55M | $76.44M | $210.01M | $383.75M | $454.26M | $390.27M | $411.89M |
| Net income | $-27.09M | $-15.53M | $-27.05M | $-21.28M | $-181.50M | $38.91M | $50.71M | $-28.66M | $-31.05M |
| Net margin | -13.3% | -6.3% | -10.2% | -7.0% | -15.6% | 2.5% | 2.7% | -1.6% | -1.6% |
Source: Custom Truck One Source, Inc. SEC filings (10-K).
Custom Truck One Source, Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $2985.9M is 9.6× last year's operating cash flow — it would take years of cash flow to clear.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -1.6%).
Explore 9 years of Custom Truck One Source, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Custom Truck One Source, Inc. financial history by metric
Compare Custom Truck One Source, Inc. with peers
About Custom Truck One Source, Inc.
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. It operates through two segments: Specialty Equipment Rentals (SER); and Specialty Truck Equipment and Manufacturing (STEM). The company owns new and used specialty equipment, including truck-mounted aerial lifts, cranes, service trucks, dump trucks, trailers, digger derricks, and other machinery and equipment. It offers new equipment for sale to be used for end-markets, which can be modified to meet customers specific needs. In addition, the company provides truck and equipment maintenance and repair services; and rents and sells specialized tools, including stringing blocks, insulated hot stick, and rigging equipment, as well as sale of specialized aftermarket parts. The company was formerly known as Nesco Holdings, Inc. and changed its name to Custom Truck One Source, Inc. in April 2021. The company was founded in 1988 and is headquartered in Kansas City, Missouri.
Custom Truck One Source, Inc. — frequently asked questions
What is Custom Truck One Source, Inc.'s revenue?
Custom Truck One Source, Inc. (CTOS) reported revenue of $1.94B for fiscal year 2025, up 7.9% from the prior year, according to its SEC filings.
Is Custom Truck One Source, Inc. profitable?
No — CTOS reported a net loss of $-31.05M in fiscal 2025.
What is CTOS's P/E ratio?
Custom Truck One Source, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Custom Truck One Source, Inc. growing?
CTOS's revenue grew at roughly 45.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Custom Truck One Source, Inc. have?
As of fiscal year 2025, CTOS carried roughly $2.30B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Custom Truck One Source, Inc.'s gross margin?
CTOS's gross margin was 21.2% in fiscal 2025 — gross profit of $411.89M on revenue of $1.94B.
What is Custom Truck One Source, Inc.'s market cap?
Custom Truck One Source, Inc. (CTOS) has a market capitalization of about $2.37B, based on the latest data in our nightly-refreshed cache.
When does Custom Truck One Source, Inc.'s fiscal year end?
CTOS's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Custom Truck One Source, Inc.'s official SEC filings (10-K and 10-Q), covering 9 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.