What is Custom Truck One Source Inc's earnings per share (EPS)?

Custom Truck One Source Inc (CTOS) reported diluted earnings per share of $-0.14 for fiscal year 2025. This represents a -16.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Custom Truck One Source Inc Financials

CTOS

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Custom Truck One Source Inc (CTOS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 34/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Custom Truck One Source Inc has an operating margin of 6.4%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 37/100, indicating healthy but not exceptional operating efficiency. This is down from 7.0% the prior year.

Growth

Custom Truck One Source Inc's revenue grew 7.9% year-over-year to $1.9B, a solid pace of expansion. This earns a growth score of 46/100.

Leverage

Custom Truck One Source Inc has a moderate D/E ratio of 2.00. This balance of debt and equity financing earns a leverage score of 61/100.

Liquidity

Custom Truck One Source Inc's current ratio of 1.33 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.

Returns

Custom Truck One Source Inc generates a -3.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 3/100. This is down from -3.3% the prior year.

Altman Z-Score Distress

0.87

Custom Truck One Source Inc scores 0.87, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

5/9

Custom Truck One Source Inc passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-9.99x

For every $1 of reported earnings, Custom Truck One Source Inc generates $-9.99 in operating cash flow ($310.1M OCF vs -$31.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.9B

YoY+7.9%

5Y CAGR+45.1%

Custom Truck One Source Inc generated $1.9B in revenue in fiscal year 2025. This represents an increase of 7.9% from the prior year.

EBITDA

$388.8M

YoY+7.3%

5Y CAGR+30.7%

Custom Truck One Source Inc's EBITDA was $388.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.3% from the prior year.

Net Income

-$31.1M

YoY-8.4%

Custom Truck One Source Inc reported -$31.1M in net income in fiscal year 2025. This represents a decrease of 8.4% from the prior year.

EPS (Diluted)

$-0.14

YoY-16.7%

Custom Truck One Source Inc earned $-0.14 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 16.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$6.3M

YoY+64.9%

5Y CAGR+13.0%

Custom Truck One Source Inc held $6.3M in cash against $1.6B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

227M

YoY-3.1%

5Y CAGR+35.8%

Custom Truck One Source Inc had 227M shares outstanding in fiscal year 2025. This represents a decrease of 3.1% from the prior year.

Margins & Returns

Gross Margin

21.2%

YoY-0.5pp

5Y CAGR-4.1pp

Custom Truck One Source Inc's gross margin was 21.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the prior year.

Operating Margin

6.4%

YoY-0.6pp

5Y CAGR+0.7pp

Custom Truck One Source Inc's operating margin was 6.4% in fiscal year 2025, reflecting core business profitability. This is down 0.6 percentage points from the prior year.

Net Margin

-1.6%

YoY-0.0pp

5Y CAGR+5.4pp

Custom Truck One Source Inc's net profit margin was -1.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.0 percentage points from the prior year.

Return on Equity

-3.8%

YoY-0.5pp

Custom Truck One Source Inc's ROE was -3.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$32.6M

YoY+12.4%

Custom Truck One Source Inc spent $32.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 12.4% from the prior year.

Capital Expenditures

N/A

CTOS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.9B+7.9%	$1.8B-3.4%	$1.9B+18.6%	$1.6B+34.8%	$1.2B+285.5%	$302.7M
Cost of Revenue	$1.5B+8.5%	$1.4B+0.1%	$1.4B+18.6%	$1.2B+24.3%	$957.1M+323.0%	$226.3M
Gross Profit	$411.9M+5.5%	$390.3M-14.1%	$454.3M+18.4%	$383.7M+82.7%	$210.0M+174.7%	$76.4M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$230.1M+0.2%	$229.5M-0.8%	$231.4M+9.7%	$210.9M+35.4%	$155.8M+235.7%	$46.4M
Operating Income	$124.9M-1.1%	$126.4M-26.1%	$170.9M+65.5%	$103.3M+346.2%	-$42.0M-343.3%	$17.2M
Interest Expense	N/A	N/A	$36.6M+190.5%	$12.6M+142.3%	$5.2M	N/A
Income Tax	$2.9M+649.2%	-$532K-107.2%	$7.4M-5.9%	$7.8M+76.9%	$4.4M+114.7%	-$30.1M
Net Income	-$31.1M-8.4%	-$28.7M-156.5%	$50.7M+30.3%	$38.9M+121.4%	-$181.5M-753.0%	-$21.3M
EPS (Diluted)	$-0.14-16.7%	$-0.12-157.1%	$0.21+31.2%	$0.16+121.3%	$-0.75-74.4%	$-0.43

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$528.2M+9.6%	$482.1M-5.8%	$511.5M+21.1%	$422.2M-18.9%	$520.7M+16.4%	$447.2M+5.7%	$423.0M+2.8%	$411.3M
Cost of Revenue	$405.1M+6.2%	$381.3M-6.8%	$408.9M+21.5%	$336.7M-16.3%	$402.3M+13.2%	$355.4M+6.5%	$333.7M+4.1%	$320.6M
Gross Profit	$123.1M+22.1%	$100.8M-1.7%	$102.5M+19.9%	$85.5M-27.8%	$118.5M+29.0%	$91.8M+2.9%	$89.3M-1.6%	$90.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$56.6M+3.2%	$54.9M-7.3%	$59.2M-0.5%	$59.5M-2.9%	$61.2M+12.1%	$54.6M-1.9%	$55.7M-4.0%	$58.0M
Operating Income	$52.0M+59.3%	$32.6M+16.8%	$27.9M+125.2%	$12.4M-81.6%	$67.3M+192.1%	$23.0M+30.3%	$17.7M-3.8%	$18.4M
Interest Expense	N/A	N/A	N/A	N/A	N/A	$16.7M+8.4%	$15.4M+19.4%	$12.9M
Income Tax	-$5.9M-493.8%	-$988K-105.7%	$17.5M+327.0%	-$7.7M-633.4%	-$1.1M-73.8%	-$604K-119.7%	$3.1M+257.6%	-$1.9M
Net Income	$20.9M+462.7%	-$5.8M+79.7%	-$28.4M-59.5%	-$17.8M-164.5%	$27.6M+258.3%	-$17.4M+28.9%	-$24.5M-70.8%	-$14.3M
EPS (Diluted)	N/A	$-0.03+76.9%	$-0.13-62.5%	$-0.08	N/A	$-0.07+30.0%	$-0.10-66.7%	$-0.06

CTOS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.4B-1.7%	$3.5B+4.0%	$3.4B+14.6%	$2.9B+9.5%	$2.7B+249.3%	$768.4M
Current Assets	$1.2B-11.0%	$1.3B+2.8%	$1.3B+45.8%	$868.2M+32.2%	$656.7M+536.1%	$103.2M
Cash & Equivalents	$6.3M+64.9%	$3.8M-63.1%	$10.3M-28.2%	$14.4M-60.0%	$35.9M+952.2%	$3.4M
Inventory	$930.9M-11.3%	$1.0B+6.4%	$985.8M+65.2%	$596.7M+45.4%	$410.5M+1208.8%	$31.4M
Accounts Receivable	$195.5M-9.4%	$215.9M+0.4%	$215.1M+11.4%	$193.1M+14.7%	$168.4M+176.4%	$60.9M
Goodwill	$705.2M+0.1%	$704.8M+0.1%	$704.0M0.0%	$703.8M+1.1%	$695.9M+192.3%	$238.1M
Total Liabilities	$2.6B-0.3%	$2.6B+7.8%	$2.5B+19.6%	$2.0B+12.3%	$1.8B+128.3%	$799.5M
Current Liabilities	$873.3M-12.7%	$1.0B+11.5%	$897.4M+41.3%	$634.9M+44.1%	$440.6M+517.5%	$71.4M
Long-Term Debt	$1.6B+6.5%	$1.5B+2.2%	$1.5B+9.8%	$1.4B+3.6%	$1.3B+82.8%	$715.9M
Total Equity	$809.1M-6.1%	$861.3M-6.1%	$917.2M+3.2%	$888.4M+3.5%	$858.5M+2863.4%	-$31.1M
Retained Earnings	-$617.6M-5.3%	-$586.5M-5.1%	-$557.9M+8.3%	-$608.6M+6.0%	-$647.5M-38.9%	-$466.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$3.4B-2.8%	$3.5B-1.0%	$3.6B+1.0%	$3.5B+1.2%	$3.5B-2.2%	$3.6B+1.6%	$3.5B+2.1%	$3.5B
Current Assets	$1.2B-7.9%	$1.3B-5.5%	$1.3B+0.8%	$1.3B+1.5%	$1.3B-7.8%	$1.4B+2.2%	$1.4B+4.1%	$1.3B
Cash & Equivalents	$6.3M-52.0%	$13.1M+148.3%	$5.3M-2.2%	$5.4M+41.4%	$3.8M-54.9%	$8.4M+4.7%	$8.1M+0.9%	$8.0M
Inventory	$930.9M-10.1%	$1.0B-4.9%	$1.1B+1.3%	$1.1B+2.5%	$1.0B-12.6%	$1.2B+2.6%	$1.2B+6.1%	$1.1B
Accounts Receivable	$195.5M+7.3%	$182.2M-3.6%	$189.0M-6.5%	$202.2M-6.3%	$215.9M+22.6%	$176.0M+5.6%	$166.7M-1.5%	$169.3M
Goodwill	$705.2M0.0%	$705.1M0.0%	$705.2M+0.1%	$704.8M0.0%	$704.8M-0.1%	$705.3M0.0%	$705.2M+0.2%	$703.8M
Total Liabilities	$2.6B-4.5%	$2.8B-1.1%	$2.8B+2.1%	$2.7B+3.4%	$2.6B-3.7%	$2.7B+2.8%	$2.7B+4.4%	$2.6B
Current Liabilities	$873.3M-11.7%	$989.5M-6.6%	$1.1B+3.5%	$1.0B+2.4%	$1.0B-8.9%	$1.1B+3.2%	$1.1B+7.2%	$993.1M
Long-Term Debt	$1.6B-0.6%	$1.6B+2.5%	$1.6B-0.2%	$1.6B+4.8%	$1.5B-3.0%	$1.6B+2.5%	$1.5B+2.4%	$1.5B
Total Equity	$809.1M+3.1%	$784.7M-0.7%	$790.1M-2.9%	$813.4M-5.6%	$861.3M+2.8%	$837.5M-2.2%	$856.7M-4.5%	$896.7M
Retained Earnings	-$617.6M+3.3%	-$638.5M-0.9%	-$632.7M-4.7%	-$604.3M-3.0%	-$586.5M+4.5%	-$614.1M-2.9%	-$596.7M-4.3%	-$572.2M

CTOS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$310.1M+154.2%	$122.0M+495.0%	-$30.9M-167.2%	$46.0M-66.9%	$138.9M+224.4%	$42.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$282.5M-50.7%	-$187.5M-6.2%	-$176.6M+19.3%	-$218.9M+84.7%	-$1.4B-4776.4%	-$29.3M
Financing Cash Flow	-$25.3M-143.4%	$58.3M-71.3%	$202.9M+31.8%	$153.9M-88.4%	$1.3B+8164.9%	-$16.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$32.6M+12.4%	$29.0M-25.4%	$38.8M+277.9%	$10.3M	$0	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$47.3M-41.9%	$81.5M-35.2%	$125.7M+126.0%	$55.6M-32.2%	$82.1M+396.5%	$16.5M-56.3%	$37.8M+362.8%	-$14.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$48.7M+48.2%	-$94.0M-37.2%	-$68.5M+3.9%	-$71.3M-215.5%	-$22.6M+65.9%	-$66.2M-1.4%	-$65.3M-95.4%	-$33.4M
Financing Cash Flow	-$5.6M-127.6%	$20.2M+135.4%	-$57.1M-432.0%	$17.2M+126.7%	-$64.5M-229.5%	$49.8M+81.3%	$27.5M-39.6%	$45.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	$0	$0-100.0%	$32.6M	$0-100.0%	$6.0M-63.3%	$16.3M+140.3%	$6.8M

CTOS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	21.2%-0.5pp	21.6%-2.7pp	24.4%-0.0pp	24.4%+6.4pp	18.0%-7.3pp	25.3%
Operating Margin	6.4%-0.6pp	7.0%-2.2pp	9.2%+2.6pp	6.6%+10.2pp	-3.6%-9.3pp	5.7%
Net Margin	-1.6%0.0pp	-1.6%-4.3pp	2.7%+0.2pp	2.5%+18.0pp	-15.6%-8.5pp	-7.0%
Return on Equity	-3.8%-0.5pp	-3.3%-8.9pp	5.5%+1.2pp	4.4%+25.5pp	-21.1%	N/A
Return on Assets	-0.9%-0.1pp	-0.8%-2.3pp	1.5%+0.2pp	1.3%+8.1pp	-6.8%-4.0pp	-2.8%
Current Ratio	1.33+0.0	1.30-0.1	1.41+0.0	1.37-0.1	1.49+0.0	1.45
Debt-to-Equity	2.00+0.2	1.76+0.1	1.62+0.1	1.520.0	1.52+24.6	-23.04
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	23.3%+2.4pp	20.9%+0.8pp	20.1%-0.2pp	20.3%-2.5pp	22.8%+2.2pp	20.5%-0.6pp	21.1%-1.0pp	22.1%
Operating Margin	9.8%+3.1pp	6.8%+1.3pp	5.5%+2.5pp	2.9%-10.0pp	12.9%+7.8pp	5.1%+1.0pp	4.2%-0.3pp	4.5%
Net Margin	4.0%+5.1pp	-1.2%+4.4pp	-5.5%-1.3pp	-4.2%-9.5pp	5.3%+9.2pp	-3.9%+1.9pp	-5.8%-2.3pp	-3.5%
Return on Equity	2.6%+3.3pp	-0.7%+2.9pp	-3.6%-1.4pp	-2.2%-5.4pp	3.2%+5.3pp	-2.1%+0.8pp	-2.9%-1.3pp	-1.6%
Return on Assets	0.6%+0.8pp	-0.2%+0.6pp	-0.8%-0.3pp	-0.5%-1.3pp	0.8%+1.3pp	-0.5%+0.2pp	-0.7%-0.3pp	-0.4%
Current Ratio	1.33+0.1	1.27+0.0	1.26-0.0	1.29-0.0	1.30+0.0	1.28-0.0	1.30-0.0	1.34
Debt-to-Equity	2.00-0.1	2.08+0.1	2.01+0.1	1.96+0.2	1.76-0.1	1.87+0.1	1.78+0.1	1.66
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

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

Custom Truck One Source Inc (CTOS) reported $1.9B in total revenue for fiscal year 2025. This represents a 7.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Custom Truck One Source Inc's revenue growing?

Custom Truck One Source Inc (CTOS) revenue grew by 7.9% year-over-year, from $1.8B to $1.9B in fiscal year 2025.

Is Custom Truck One Source Inc profitable?

No, Custom Truck One Source Inc (CTOS) reported a net income of -$31.1M in fiscal year 2025, with a net profit margin of -1.6%.

What is Custom Truck One Source Inc's EBITDA?

Custom Truck One Source Inc (CTOS) had EBITDA of $388.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Custom Truck One Source Inc have?

As of fiscal year 2025, Custom Truck One Source Inc (CTOS) had $6.3M in cash and equivalents against $1.6B in long-term debt.

What is Custom Truck One Source Inc's gross margin?

Custom Truck One Source Inc (CTOS) had a gross margin of 21.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Custom Truck One Source Inc's operating margin?

Custom Truck One Source Inc (CTOS) had an operating margin of 6.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

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

Custom Truck One Source Inc (CTOS) had a net profit margin of -1.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Custom Truck One Source Inc's return on equity (ROE)?

Custom Truck One Source Inc (CTOS) has a return on equity of -3.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Custom Truck One Source Inc's operating cash flow?

Custom Truck One Source Inc (CTOS) generated $310.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Custom Truck One Source Inc's total assets?

Custom Truck One Source Inc (CTOS) had $3.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Custom Truck One Source Inc buy back shares?

Yes, Custom Truck One Source Inc (CTOS) spent $32.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Custom Truck One Source Inc have outstanding?

Custom Truck One Source Inc (CTOS) had 227M shares outstanding as of fiscal year 2025.

What is Custom Truck One Source Inc's current ratio?

Custom Truck One Source Inc (CTOS) had a current ratio of 1.33 as of fiscal year 2025, which is considered adequate.

What is Custom Truck One Source Inc's debt-to-equity ratio?

Custom Truck One Source Inc (CTOS) had a debt-to-equity ratio of 2.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Custom Truck One Source Inc's return on assets (ROA)?

Custom Truck One Source Inc (CTOS) had a return on assets of -0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Custom Truck One Source Inc's Altman Z-Score?

Custom Truck One Source Inc (CTOS) has an Altman Z-Score of 0.87, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Custom Truck One Source Inc's Piotroski F-Score?

Custom Truck One Source Inc (CTOS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Custom Truck One Source Inc's earnings high quality?

Custom Truck One Source Inc (CTOS) has an earnings quality ratio of -9.99x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Custom Truck One Source Inc?

Custom Truck One Source Inc (CTOS) scores 34 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.