Industrials · Rental & Leasing Services
Price
$11.79
Market Cap
$2.7B
Employees
2,619
Beta
1.39
Avg Volume
985,485
CEO
Ryan McMonagle
Business Description
Custom Truck One Source, Inc. (CTOS) specializes in providing comprehensive services for specialty equipment across North America, serving crucial industries such as electric utility (transmission and distribution), telecommunications, rail, and other infrastructure development sectors. The company's operations are structured into three primary segments: Equipment Rental Solutions, Truck and Equipment Sales, and Aftermarket Parts and Services. Within its Equipment Rental Solutions division, CTOS offers access to a wide array of new and pre-owned specialized machinery for hire, including truck-mounted aerial lifts, various types of cranes, service vehicles, dump trucks, trailers, and digger derricks. The Truck and Equipment Sales segment focuses on the direct sale of new equipment, which can be extensively customized to meet the specific demands of its diverse clientele. Furthermore, the Aftermarket Parts and Services segment ensures ongoing support through equipment maintenance and repair services, along with the provision of specialized replacement parts. Originally founded in 1988 as Nesco Holdings, Inc., the company officially changed its name to Custom Truck One Source, Inc. in April 2021 and maintains its corporate headquarters in Kansas City, Missouri.
Business History
Price Overview
Last updated: Jun 27, 2026 8:56am (just now)$11.94
-0.03 (-0.25%)
Day Range
$11.58 – $11.94
52-Week Range
$4.84 – $12.23
50-Day MA
$9.81
200-Day MA
$7.20
Volume
723,768.00
Analyst Price Targets
Low
$11.00
Consensus
$12.33
High
$13.00
(15 analysts)
Share Structure
Outstanding
227,432,821.00
Float
59,999,053.00
Free Float
26.4%
Low free float
— 26.4% of shares trade freely, ~73.6% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-84.21
Stock Price: $11.79
EPS (Diluted): -0.14
EPS (Diluted): -0.14
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.61
Stock Price: $11.79
Total Equity: $809.10M
Shares: 226,560,000
Total Equity: $809.10M
Shares: 226,560,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
14.21
Market Cap: $2.68B
Total Debt: $2.30B
Cash: $6.27M
EBITDA: $397.67M
Total Debt: $2.30B
Cash: $6.27M
EBITDA: $397.67M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$3.7B
Market Cap: $2.68B
Total Debt: $2.30B
Cash: $6.27M
Total Debt: $2.30B
Cash: $6.27M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.67
Stock Price: $11.79
Revenue: $1.94B
Shares: 226,560,000
Revenue: $1.94B
Shares: 226,560,000
EV/Sales (Total value vs revenue — works when P/E can't)
API1.91
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
18.9%
Gross Profit: $367.36M
Revenue: $1.94B
Revenue: $1.94B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
7.3%
Operating Income: $141.58M
Revenue: $1.94B
Revenue: $1.94B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-1.6%
Net Income: -$31.05M
Revenue: $1.94B
Revenue: $1.94B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-2.2%
Net Income: -$31.05M
Total Equity: $809.10M
Total Equity: $809.10M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
4.7%
Operating Income: $141.58M
Tax Rate: -10.4%
Equity: $809.10M
Total Debt: $2.30B
Cash: $6.27M
Tax Rate: -10.4%
Equity: $809.10M
Total Debt: $2.30B
Cash: $6.27M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.33
Current Assets: $1.16B
Current Liabilities: $873.33M
Current Liabilities: $873.33M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
2.85
Short-Term Debt: $683.28M
Long-Term Debt: $1.62B
Total Debt: $2.30B
Total Equity: $809.10M
Long-Term Debt: $1.62B
Total Debt: $2.30B
Total Equity: $809.10M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$8.58
Revenue: $1.94B
Shares: 226,560,000
Shares: 226,560,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$3.57
Total Equity: $809.10M
Shares: 226,560,000
Shares: 226,560,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.47
Operating CF: $349.40M
CapEx: -$456.98M
Shares: 226,560,000
CapEx: -$456.98M
Shares: 226,560,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $11.79
Stock Price: $11.79
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$31.05M
Net Income: -$31.05M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares CTOS against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:37pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.6B | $1.9B | $1.8B | $1.9B |
| Cost of Revenue | $1.0B | $1.2B | $1.5B | $1.5B | $1.6B |
| Gross Profit | $165.6M | $340.4M | $410.1M | $343.4M | $367.4M |
| Operating Expenses | $155.8M | $210.9M | $225.0M | $222.6M | $225.8M |
| Operating Income | $9.9M | $129.5M | $185.1M | $120.8M | $141.6M |
| Net Income | -$181.5M | $38.9M | $50.7M | -$28.7M | -$31.1M |
| EBITDA | $104.8M | $359.1M | $414.8M | $380.7M | $397.7M |
| EPS | $-0.75 | $0.16 | $0.21 | $-0.12 | $-0.14 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:37pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $35.9M | $14.4M | $10.3M | $3.8M | $6.3M |
| Total Current Assets | $656.7M | $868.2M | $1.3B | $1.3B | $1.2B |
| Total Assets | $2.7B | $2.9B | $3.4B | $3.5B | $3.7B |
| Current Liabilities | $440.6M | $634.9M | $897.4M | $1.0B | $873.3M |
| Long-Term Debt | $1.3B | $1.4B | $1.5B | $1.5B | $1.6B |
| Total Liabilities | $1.8B | $2.0B | $2.5B | $2.6B | $2.9B |
| Total Equity | $858.5M | $888.4M | $917.2M | $861.3M | $809.1M |
| Retained Earnings | -$647.5M | -$608.6M | -$557.9M | -$586.5M | -$617.6M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:37pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $157.2M | -$18.0M | -$147.4M | $44.7M | $349.4M |
| Capital Expenditure | -$188.4M | -$340.8M | -$364.2M | -$398.3M | -$457.0M |
| Free Cash Flow | -$31.2M | -$358.7M | -$511.6M | -$353.6M | -$107.6M |
| Acquisitions (net) | -$1.3B | -$49.8M | $0 | -$6.0M | $206.1M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$10.3M | -$38.8M | -$29.0M | -$32.6M |
| Net Change in Cash | $32.5M | -$21.5M | -$4.1M | -$6.5M | $2.5M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 3:01pm (17h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$2.2B $2.1B – $2.2B
|
$2.3B $2.3B – $2.3B
|
$2.6B $2.5B – $2.7B
|
$2.8B $2.7B – $2.9B
|
| EBITDA |
$643.3M $625.3M – $658.3M
|
$680.4M $673.7M – $687.1M
|
$777.5M $757.5M – $797.7M
|
$836.6M $815.1M – $858.4M
|
| Net Income |
$55.9M $46.6M – $62.2M
|
$84.6M $71.0M – $97.4M
|
$133.7M $129.2M – $138.2M
|
$224.3M $216.8M – $231.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:37pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +34.8% | +18.6% | -3.4% | +7.9% |
| Gross Profit Growth | +105.5% | +20.5% | -16.3% | +7.0% |
| Operating Income Growth | +1,213.3% | +42.9% | -34.7% | +17.2% |
| Net Income Growth | +121.4% | +30.3% | -156.5% | -8.4% |
| EBITDA Growth | +242.5% | +15.5% | -8.2% | +4.5% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-04-01 | McMonagle Ryan | M-Exempt | 121,875.00 | $0.00 | $0 |
| 2026-04-01 | McMonagle Ryan | F-InKind | 54,906.00 | $6.62 | $363,478 |
| 2026-04-01 | McMonagle Ryan | A-Award | 175,000.00 | $0.00 | $0 |
| 2026-04-01 | McMonagle Ryan | M-Exempt | 40,625.00 | $0.00 | $0 |
| 2026-04-01 | McMonagle Ryan | M-Exempt | 81,250.00 | $0.00 | $0 |
| 2026-04-01 | Eperjesy Christopher J | M-Exempt | 90,000.00 | $0.00 | $0 |
| 2026-04-01 | Eperjesy Christopher J | F-InKind | 40,547.00 | $6.62 | $268,421 |
| 2026-04-01 | Eperjesy Christopher J | A-Award | 95,000.00 | $0.00 | $0 |
| 2026-04-01 | Eperjesy Christopher J | M-Exempt | 22,500.00 | $0.00 | $0 |
| 2026-04-01 | Eperjesy Christopher J | M-Exempt | 45,000.00 | $0.00 | $0 |
| 2026-04-01 | Eperjesy Christopher J | M-Exempt | 22,500.00 | $0.00 | $0 |
| 2026-04-01 | JOLAS PAUL M | M-Exempt | 50,625.00 | $0.00 | $0 |
| 2026-04-01 | JOLAS PAUL M | F-InKind | 19,923.00 | $6.62 | $131,890 |
| 2026-04-01 | JOLAS PAUL M | A-Award | 72,500.00 | $0.00 | $0 |
| 2026-04-01 | JOLAS PAUL M | M-Exempt | 16,875.00 | $0.00 | $0 |
| 2026-04-01 | JOLAS PAUL M | M-Exempt | 16,875.00 | $0.00 | $0 |
| 2026-04-01 | JOLAS PAUL M | M-Exempt | 16,875.00 | $0.00 | $0 |
| 2026-04-01 | Rich Thomas R. | M-Exempt | 75,000.00 | $0.00 | $0 |
| 2026-04-01 | Rich Thomas R. | F-InKind | 22,538.00 | $6.62 | $149,202 |
| 2026-04-01 | Rich Thomas R. | A-Award | 100,000.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for CTOS — it's generated by the pipeline (
market-narrative step).
No community reviews yet for CTOS.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30