Custom Truck One Source (CTOS)
Market Price (5/3/2026): $10.09 | Market Cap: $2.3 BilSector: Industrials | Industry: Diversified Support Services
Custom Truck One Source (CTOS)
Market Price (5/3/2026): $10.09Market Cap: $2.3 BilSector: IndustrialsIndustry: Diversified Support Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14% Low stock price volatilityVol 12M is 46% Megatrend and thematic driversMegatrends include Sustainable Infrastructure, Water Infrastructure, and Smart Grids & Grid Modernization. Themes include Renewable Energy Equipment, Show more. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% Weak multi-year price returns3Y Excs Rtn is -18% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 108% Stock price has recently run up significantly12M Rtn12 month market price return is 146% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.3% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 72% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.0% Key risksCTOS key risks include [1] a highly leveraged capital structure with a substantial debt load and [2] declining demand and revenue volatility from its heavy concentration in the utility end market. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Low stock price volatilityVol 12M is 46% |
| Megatrend and thematic driversMegatrends include Sustainable Infrastructure, Water Infrastructure, and Smart Grids & Grid Modernization. Themes include Renewable Energy Equipment, Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Weak multi-year price returns3Y Excs Rtn is -18% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 108% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 146% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.3% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 72% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.0% |
| Key risksCTOS key risks include [1] a highly leveraged capital structure with a substantial debt load and [2] declining demand and revenue volatility from its heavy concentration in the utility end market. |
Qualitative Assessment
AI Analysis | Feedback
1. Custom Truck One Source (CTOS) reported a strong first quarter for 2026, exceeding revenue and adjusted EBITDA expectations. The company's Q1 2026 revenue increased 9.3% year-over-year to $461.6 million, surpassing market estimates. Additionally, CTOS posted an adjusted EBITDA of $98 million, a 33.4% increase compared to Q1 2025 and 13.5% above analyst estimates. This robust performance was significantly driven by its Specialty Equipment Rentals (SER) segment, which saw third-party revenue rise 16% to $194 million, with its EBITDA margin expanding 415 basis points to 51.5%.
2. Positive full-year 2026 outlook and favorable secular tailwinds contributed to investor confidence. Despite a revenue miss in Q4 2025, Custom Truck One Source expressed optimism for 2026, anticipating benefits from secular tailwinds such as investments in data centers, electrification, infrastructure, and utility grid upgrades. The company projects a consolidated revenue increase of 3% to 9% year-over-year and Adjusted EBITDA growth of 8% to 15% for the full year 2026. Furthermore, a planned reduction in net rental fleet investment to approximately $150 million to $170 million in 2026, down from over $250 million in 2025, is expected to enhance free cash flow generation.
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Stock Movement Drivers
Fundamental Drivers
The 59.8% change in CTOS stock from 1/31/2026 to 5/2/2026 was primarily driven by a 56.1% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5022026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.32 | 10.10 | 59.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,937 | 1,983 | 2.4% |
| P/S Multiple | 0.7 | 1.2 | 56.1% |
| Shares Outstanding (Mil) | 227 | 227 | 0.0% |
| Cumulative Contribution | 59.8% |
Market Drivers
1/31/2026 to 5/2/2026| Return | Correlation | |
|---|---|---|
| CTOS | 59.8% | |
| Market (SPY) | 3.6% | 43.2% |
| Sector (XLI) | 4.8% | 52.8% |
Fundamental Drivers
The 71.5% change in CTOS stock from 10/31/2025 to 5/2/2026 was primarily driven by a 67.5% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5022026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.89 | 10.10 | 71.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,937 | 1,983 | 2.4% |
| P/S Multiple | 0.7 | 1.2 | 67.5% |
| Shares Outstanding (Mil) | 227 | 227 | 0.0% |
| Cumulative Contribution | 71.5% |
Market Drivers
10/31/2025 to 5/2/2026| Return | Correlation | |
|---|---|---|
| CTOS | 71.5% | |
| Market (SPY) | 5.5% | 48.9% |
| Sector (XLI) | 12.2% | 54.0% |
Fundamental Drivers
The 150.6% change in CTOS stock from 4/30/2025 to 5/2/2026 was primarily driven by a 127.5% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5022026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.03 | 10.10 | 150.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,813 | 1,983 | 9.4% |
| P/S Multiple | 0.5 | 1.2 | 127.5% |
| Shares Outstanding (Mil) | 228 | 227 | 0.7% |
| Cumulative Contribution | 150.6% |
Market Drivers
4/30/2025 to 5/2/2026| Return | Correlation | |
|---|---|---|
| CTOS | 150.6% | |
| Market (SPY) | 30.4% | 44.9% |
| Sector (XLI) | 33.6% | 51.2% |
Fundamental Drivers
The 60.8% change in CTOS stock from 4/30/2023 to 5/2/2026 was primarily driven by a 26.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302023 | 5022026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.28 | 10.10 | 60.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,573 | 1,983 | 26.1% |
| P/S Multiple | 1.0 | 1.2 | 17.4% |
| Shares Outstanding (Mil) | 246 | 227 | 8.7% |
| Cumulative Contribution | 60.8% |
Market Drivers
4/30/2023 to 5/2/2026| Return | Correlation | |
|---|---|---|
| CTOS | 60.8% | |
| Market (SPY) | 78.7% | 44.4% |
| Sector (XLI) | 80.9% | 52.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CTOS Return | 9% | -21% | -2% | -22% | 20% | 71% | 34% |
| Peers Return | 40% | -4% | 35% | 21% | -17% | -10% | 64% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 5% | 92% |
Monthly Win Rates [3] | |||||||
| CTOS Win Rate | 67% | 42% | 58% | 33% | 50% | 75% | |
| Peers Win Rate | 58% | 42% | 62% | 50% | 38% | 45% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CTOS Max Drawdown | -11% | -41% | -25% | -50% | -30% | -2% | |
| Peers Max Drawdown | -9% | -27% | -13% | -12% | -22% | -20% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: UHAL, CXW, EQPT, CTAS, CPRT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/1/2026 (YTD)
How Low Can It Go
| Event | CTOS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -31.1% | -18.8% |
| % Gain to Breakeven | 45.1% | 23.1% |
| Time to Breakeven | 77 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -30.8% | -9.5% |
| % Gain to Breakeven | 44.6% | 10.5% |
| Time to Breakeven | 95 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -14.4% | -6.7% |
| % Gain to Breakeven | 16.9% | 7.1% |
| Time to Breakeven | 34 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -43.5% | -24.5% |
| % Gain to Breakeven | 77.1% | 32.4% |
| Time to Breakeven | 1401 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -54.9% | -33.7% |
| % Gain to Breakeven | 121.9% | 50.9% |
| Time to Breakeven | 93 days | 140 days |
In The Past
Custom Truck One Source's stock fell -31.1% during the 2025 US Tariff Shock. Such a loss loss requires a 45.1% gain to breakeven.
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| Event | CTOS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -31.1% | -18.8% |
| % Gain to Breakeven | 45.1% | 23.1% |
| Time to Breakeven | 77 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -30.8% | -9.5% |
| % Gain to Breakeven | 44.6% | 10.5% |
| Time to Breakeven | 95 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -43.5% | -24.5% |
| % Gain to Breakeven | 77.1% | 32.4% |
| Time to Breakeven | 1401 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -54.9% | -33.7% |
| % Gain to Breakeven | 121.9% | 50.9% |
| Time to Breakeven | 93 days | 140 days |
In The Past
Custom Truck One Source's stock fell -31.1% during the 2025 US Tariff Shock. Such a loss loss requires a 45.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Custom Truck One Source (CTOS)
AI Analysis | Feedback
Here are 1-2 brief analogies for Custom Truck One Source (CTOS):
- Like United Rentals (URI), but highly specialized in rental equipment for utility, telecom, and infrastructure work.
- A Ryder System (R) or Penske Truck Rental for the highly specialized work vehicles and equipment (including sales, rental, and service) needed by power companies, telecom providers, and infrastructure developers.
AI Analysis | Feedback
- Equipment Rental Services: Provides rental of specialty equipment such as truck-mounted aerial lifts, cranes, and digger derricks to various infrastructure-related industries.
- Equipment Sales: Offers new specialty equipment for sale, which can be customized to meet specific customer requirements.
- Aftermarket Parts Sales: Sells specialized aftermarket parts for trucks and other equipment.
- Maintenance and Repair Services: Provides comprehensive maintenance and repair services for trucks and other specialty equipment.
AI Analysis | Feedback
Custom Truck One Source (CTOS) primarily sells its equipment and services to other companies, not individuals. Based on the provided background information, the company's major customers are businesses operating within the following industries:- Electric utility transmission and distribution companies
- Telecommunications companies
- Rail companies
- Other infrastructure-related industries
AI Analysis | Feedback
- Altec Industries
- Terex Corporation (TEX)
- Manitex International, Inc. (MNTX)
- PACCAR Inc (PCAR)
- Ford Motor Company (F)
- Daimler Truck Holding AG (DTG.DE)
AI Analysis | Feedback
Ryan McMonagle, Chief Executive Officer
Mr. McMonagle became the Chief Executive Officer of Custom Truck One Source in March 2023. He initially joined Custom Truck as Chief Financial Officer in 2015, following The Blackstone Group's investment in the company. He then served as Chief Operating Officer from 2017 and President from 2021. Prior to his tenure at Custom Truck, Mr. McMonagle held the CFO position at Sound United and DEI Holdings, a portfolio company of Charlesbank Capital Partners. He was also the CFO and Chief Development Officer for Smashburger, a portfolio company of Consumer Capital Partners, showcasing a pattern of managing companies backed by private equity firms. Mr. McMonagle began his career at Bain and Company.
Christopher Eperjesy, Chief Financial Officer
Mr. Eperjesy was appointed Chief Financial Officer in August 2022. Before joining Custom Truck One Source, he served as the Chief Financial Officer of Clarios International Inc., a global energy storage company, from August 2020 to June 2022. From December 2018 to August 2020, he was Senior Vice President and Chief Financial Officer of Cooper Tire & Rubber Company. His previous experience also includes serving as CFO for The IMAGINE Group from August 2017 to December 2018 and for Arctic Cat Inc. from February 2015 to April 2017. Earlier in his career, Mr. Eperjesy spent 13 years at Twin Disc Inc., where he held roles including Chief Financial Officer, Vice President of Finance, Treasurer, and Secretary. He began his career as a CPA at Coopers & Lybrand.
Fred Ross, Founder
Mr. Ross founded Custom Truck & Equipment, LLC, the predecessor to Custom Truck One Source, in 1996. He was actively involved in all aspects of the specialty equipment business, growing it into a leading sales and rental company. He served as CEO of Custom Truck & Equipment until affiliates of Blackstone purchased a majority interest in 2015, at which point the business, along with other entities, formed Custom Truck One Source. Mr. Ross continued as CEO of Custom Truck One Source until March 2023, when he transitioned to the role of Founder and continues to serve as a director.
Joseph Ross, President — Sales
Joseph Ross is the President — Sales for Custom Truck One Source.
Thomas Rich, President — Rentals
Thomas Rich serves as the President — Rentals for Custom Truck One Source.
AI Analysis | Feedback
The public company Custom Truck One Source (CTOS) faces several key risks to its business operations. The most significant risk stems from its **substantial indebtedness**, which can negatively impact its financial standing, restrict available cash and access to additional capital, hinder business expansion, and elevate the risk of default. The company's debt agreements also impose considerable operating and financial limitations. Furthermore, fluctuations in interest rates could lead to increased debt service obligations on variable rate debt, thereby reducing net income and cash flows. As of December 31, 2025, Custom Truck One Source reported total outstanding debt of $1,660.8 million and a net leverage ratio of 4.3 times. Another key risk involves **disruptions or security compromises affecting its information technology systems** or those of its critical service providers. Such events could adversely impact operating results, expose the company to liability, and limit its capacity to effectively monitor and control operations, adapt to changing market conditions, or implement strategic initiatives. Finally, Custom Truck One Source is subject to **complex laws and regulations**, including environmental and safety regulations. Compliance with these regulations can negatively affect the cost, manner, or feasibility of conducting business. The company also faces risks related to climate change and evolving expectations concerning sustainability and environmental, social, and governance (ESG) initiatives.AI Analysis | Feedback
The increasing demand from electric utility, telecommunications, and other infrastructure-related industries for **electric and alternative-fuel heavy equipment** as part of their decarbonization initiatives represents a clear emerging threat. This trend could accelerate the obsolescence of Custom Truck One Source's existing diesel-powered fleet, necessitating substantial capital investment in new equipment and charging infrastructure. Failure to adapt rapidly could lead to reduced demand for their current assets, increased operational costs for fleet transition, and a potential loss of market share as clients prioritize contractors and rental providers with greener equipment solutions.
AI Analysis | Feedback
Custom Truck One Source (CTOS) operates within several significant addressable markets in North America for its specialty equipment rental, sales, and aftermarket services.
Equipment Rental Solutions
The overall equipment rental market in North America was valued at approximately USD 122.9 billion in 2024 and is anticipated to reach approximately USD 180.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.94% during the forecast period (2024-2032).
- Crane Rental Market (North America): This market was valued at USD 5.55 billion in 2024 and is anticipated to reach USD 14.43 billion by 2033, growing at a CAGR of 11.20% from 2025 to 2033.
- Aerial Lift Rental Market (North America): The Aerial Work Platform rental market in North America was valued at USD 20.74 billion in 2023 and is forecast to grow to USD 29.5 billion by 2028 at a CAGR of 5.99% between 2023 and 2028.
- Digger Derrick Truck Market (North America): The North American digger derrick truck market was valued at USD 800 million in 2024 and is projected to grow substantially to USD 1,200 million by 2035.
Truck and Equipment Sales
The North America Heavy Construction Equipment Market, which includes sales of various machinery such as excavators, loaders, material handling equipment, and specialized machinery, was valued at USD 73.35 billion in 2024. This market is anticipated to reach USD 114.08 billion by 2033, exhibiting a CAGR of 5.03% from 2025 to 2033.
Aftermarket Parts and Services
The North America Heavy Equipment Aftermarket Services Market is projected to grow from USD 62.4 billion in 2025 to USD 98.7 billion by 2032, at a CAGR of 6.8% during the forecast period. This market encompasses maintenance, repair, spare parts supply, refurbishment, remanufacturing, and technical support.
AI Analysis | Feedback
Custom Truck One Source (CTOS) anticipates several key drivers for revenue growth over the next two to three years:
- Sustained Growth in Equipment Rental Solutions (ERS) Segment: The company expects continued strength and expansion within its Equipment Rental Solutions (ERS) segment, particularly driven by demand in core Transmission & Distribution (T&D) markets. The ERS segment experienced significant revenue growth in the fourth quarter and full year of 2025, with improved average fleet utilization reaching nearly 84%, the highest in almost three years. Management projects further growth within ERS for 2026.
- Expansion of the Rental Fleet: Custom Truck One Source plans for strategic investments in its rental fleet, expecting a net rental fleet investment of approximately $150 million to $170 million in 2026. This investment is anticipated to lead to mid-single-digit net Original Equipment Cost (OEC) growth, directly contributing to increased rental volume and associated revenue.
- Product Portfolio Expansion through Strategic Partnerships: The company is focused on broadening its product offerings through strategic initiatives, such as its recently announced partnership with Hiab. This collaboration is aimed at expanding the product portfolio and fostering long-term revenue growth.
- Growth in Aftermarket Parts and Services: Custom Truck One Source intends to expand its aftermarket service capacity. This expansion is designed to boost revenue generation from truck and equipment maintenance, repair services, and the sale of specialized aftermarket parts.
- Continued Demand for Vocational Vehicles in Truck and Equipment Sales (TES): Despite some quarterly fluctuations, the Truck and Equipment Sales (TES) segment achieved record annual revenue in 2025, propelled by sustained demand for vocational vehicles across its end markets. The company also ended the year with a robust sales order backlog, indicating ongoing demand.
AI Analysis | Feedback
Share Repurchases
- In January 2025, Custom Truck One Source repurchased 8,143,635 shares of its common stock from affiliates of Energy Capital Partners for approximately $32.57 million.
- The repurchased shares were acquired at $4.00 per share, representing a 23% discount from the stock's closing price on January 29, 2025.
Share Issuance
- In April 2021, Nesco Holdings, Inc. (now Custom Truck One Source, Inc.) completed the acquisition of Custom Truck One Source, L.P., which resulted in a significant increase in shares outstanding from 48.87 million in 2020 to 184.81 million in 2021.
- The number of outstanding shares saw increases from 0.18 billion in 2021 to 0.24 billion in 2023, before decreasing to 0.19 billion in 2025.
Inbound Investments
- The company's formation was significantly impacted by the acquisition of Custom Truck One Source, L.P. by Nesco Holdings, Inc. on April 1, 2021, leading to the rebranding as Custom Truck One Source, Inc.
- Affiliates of Energy Capital Partners were a prior significant investor in the company, evidenced by the share repurchase from them in January 2025.
Capital Expenditures
- Net rental fleet investment exceeded $250 million in 2025.
- For 2026, net rental fleet investment is projected to be approximately $150 million to $170 million, a notable reduction from the prior year.
- The primary focus of capital expenditures is on maintaining and growing the company's rental fleet to support the electric utility transmission and distribution, telecommunications, rail, and other infrastructure-related industries, leveraging demand drivers such as the Infrastructure Investment and Jobs Act and grid modernization.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| CTOS Stock (-11%): Weak 2026 Guidance Sparks Sell-Off | 03/13/2026 | |
| Custom Truck One Source Earnings Notes | 12/16/2025 | |
| null | 10/17/2025 | |
| Custom Truck One Source (CTOS) Revenue Comparison | 08/08/2025 | |
| Custom Truck One Source (CTOS) Operating Cash Flow Comparison | 08/08/2025 | |
| Custom Truck One Source (CTOS) Net Income Comparison | 08/08/2025 | |
| Custom Truck One Source (CTOS) EBITDA Comparison | 08/08/2025 | |
| Custom Truck One Source (CTOS) Debt Comparison | 08/08/2025 | |
| Custom Truck One Source (CTOS) Operating Income Comparison | 08/08/2025 | |
| Custom Truck One Source (CTOS) Tax Expense Comparison | 08/08/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to CTOS.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | GEO | GEO | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04302026 | RUN | Sunrun | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 0.0% | 0.0% | 0.0% |
| 04172026 | RSG | Republic Services | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.8% | 0.8% | -1.1% |
| 04102026 | VRSK | Verisk Analytics | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 12.3% | 12.3% | 0.0% |
| 04102026 | UHAL | U-Haul | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -1.0% |
| 02282025 | CTOS | Custom Truck One Source | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 38.6% | 61.6% | -23.5% |
| 05312022 | CTOS | Custom Truck One Source | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 11.6% | 8.1% | -20.3% |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 26.93 |
| Mkt Cap | 10.1 |
| Rev LTM | 4,614 |
| Op Inc LTM | 613 |
| FCF LTM | 54 |
| FCF 3Y Avg | 138 |
| CFO LTM | 1,589 |
| CFO 3Y Avg | 1,504 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.7% |
| Rev Chg 3Y Avg | 6.3% |
| Rev Chg Q | 8.9% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Inc Chg LTM | 9.6% |
| Op Inc Chg 3Y Avg | 7.1% |
| Op Mgn LTM | 10.2% |
| Op Mgn 3Y Avg | 15.5% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 20.0% |
| CFO/Rev 3Y Avg | 20.8% |
| FCF/Rev LTM | 2.4% |
| FCF/Rev 3Y Avg | 7.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 10.1 |
| P/S | 1.7 |
| P/Op Inc | 16.5 |
| P/EBIT | 19.1 |
| P/E | 20.7 |
| P/CFO | 10.9 |
| Total Yield | 3.9% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.3% |
| D/E | 0.6 |
| Net D/E | 0.6 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.0% |
| 3M Rtn | -10.0% |
| 6M Rtn | -5.0% |
| 12M Rtn | -19.8% |
| 3Y Rtn | 18.4% |
| 1M Excs Rtn | -5.8% |
| 3M Excs Rtn | -14.2% |
| 6M Excs Rtn | -10.3% |
| 12M Excs Rtn | -47.4% |
| 3Y Excs Rtn | -55.0% |
Price Behavior
| Market Price | $10.10 | |
| Market Cap ($ Bil) | 2.3 | |
| First Trading Date | 10/06/2017 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $7.18 | $6.39 |
| DMA Trend | up | up |
| Distance from DMA | 40.6% | 58.0% |
| 3M | 1YR | |
| Volatility | 49.1% | 45.7% |
| Downside Capture | -0.02 | 0.53 |
| Upside Capture | 193.36 | 179.19 |
| Correlation (SPY) | 41.2% | 44.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.15 | 1.36 | 1.35 | 1.67 | 1.62 | 1.51 |
| Up Beta | 1.65 | 1.57 | 1.65 | 2.25 | 2.24 | 1.48 |
| Down Beta | -9.70 | 1.05 | 1.16 | 1.03 | 1.28 | 1.60 |
| Up Capture | 151% | 202% | 217% | 262% | 241% | 288% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 17 | 26 | 38 | 62 | 122 | 364 |
| Down Capture | -1072% | 98% | 65% | 124% | 115% | 109% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 5 | 17 | 25 | 59 | 121 | 363 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CTOS | |
|---|---|---|---|---|
| CTOS | 151.0% | 46.0% | 2.15 | - |
| Sector ETF (XLI) | 33.7% | 15.4% | 1.68 | 51.2% |
| Equity (SPY) | 30.6% | 12.5% | 1.88 | 45.0% |
| Gold (GLD) | 39.5% | 27.2% | 1.20 | 1.4% |
| Commodities (DBC) | 51.5% | 17.9% | 2.20 | -8.1% |
| Real Estate (VNQ) | 13.1% | 13.5% | 0.67 | 25.7% |
| Bitcoin (BTCUSD) | -17.1% | 42.2% | -0.33 | 22.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CTOS | |
|---|---|---|---|---|
| CTOS | 0.1% | 51.0% | 0.19 | - |
| Sector ETF (XLI) | 13.0% | 17.4% | 0.59 | 49.8% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 44.4% |
| Gold (GLD) | 20.5% | 17.9% | 0.94 | 5.3% |
| Commodities (DBC) | 14.3% | 19.1% | 0.61 | 12.7% |
| Real Estate (VNQ) | 3.5% | 18.8% | 0.09 | 34.9% |
| Bitcoin (BTCUSD) | 7.7% | 56.2% | 0.35 | 19.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CTOS | |
|---|---|---|---|---|
| CTOS | -0.0% | 55.1% | 0.22 | - |
| Sector ETF (XLI) | 13.8% | 19.9% | 0.61 | 35.8% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 32.2% |
| Gold (GLD) | 13.6% | 15.9% | 0.71 | 2.8% |
| Commodities (DBC) | 9.7% | 17.7% | 0.46 | 15.4% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 31.5% |
| Bitcoin (BTCUSD) | 67.7% | 66.9% | 1.07 | 13.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/10/2026 | -11.3% | -3.4% | 9.7% |
| 10/27/2025 | -10.7% | -13.8% | -8.5% |
| 7/30/2025 | 8.6% | 2.5% | 7.2% |
| 3/4/2025 | 20.1% | 22.1% | 9.5% |
| 10/30/2024 | 3.0% | 25.9% | 50.6% |
| 8/1/2024 | -12.7% | -8.8% | -12.0% |
| 3/7/2024 | -17.7% | -14.5% | -5.6% |
| 11/7/2023 | -18.2% | -15.1% | -2.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 6 | 8 |
| # Negative | 8 | 10 | 8 |
| Median Positive | 3.5% | 11.1% | 8.3% |
| Median Negative | -12.0% | -8.4% | -5.8% |
| Max Positive | 20.1% | 25.9% | 50.6% |
| Max Negative | -18.2% | -15.1% | -12.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/27/2026 | 10-Q |
| 12/31/2025 | 03/10/2026 | 10-K |
| 09/30/2025 | 10/27/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 03/04/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 03/07/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/14/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 3/10/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 2.00 Bil | 2.06 Bil | 2.12 Bil | 2.4% | Raised | Guidance: 2.02 Bil for 2025 | |
| 2026 Adjusted EBITDA | 410.00 Mil | 422.50 Mil | 435.00 Mil | 11.2% | Raised | Guidance: 380.00 Mil for 2025 | |
| 2026 ERS Revenue | 725.00 Mil | 742.50 Mil | 760.00 Mil | 10.0% | Raised | Guidance: 675.00 Mil for 2025 | |
| 2026 TES Revenue | 1.12 Bil | 1.16 Bil | 1.20 Bil | -1.9% | Lowered | Guidance: 1.19 Bil for 2025 | |
| 2026 APS Revenue | 155.00 Mil | 157.50 Mil | 160.00 Mil | 1.6% | Raised | Guidance: 155.00 Mil for 2025 | |
| 2026 Revenue Growth | 3.0% | 6.0% | 9.0% | Higher New | |||
| 2026 Adjusted EBITDA Growth | 7.0% | 10.0% | 13.0% | Higher New | |||
| 2026 Net Rental Fleet Investment | 150.00 Mil | 160.00 Mil | 170.00 Mil | Higher New | |||
| 2026 Levered Free Cash Flow | 50.00 Mil | Higher New | |||||
Prior: Q3 2025 Earnings Reported 10/27/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | 1.97 Bil | 2.02 Bil | 2.06 Bil | 0 | Affirmed | Guidance: 2.02 Bil for 2025 | |
| 2025 Adjusted EBITDA | 370.00 Mil | 380.00 Mil | 390.00 Mil | 0 | Affirmed | Guidance: 380.00 Mil for 2025 | |
| 2025 ERS Revenue | 660.00 Mil | 675.00 Mil | 690.00 Mil | 0 | Affirmed | Guidance: 675.00 Mil for 2025 | |
| 2025 TES Revenue | 1.16 Bil | 1.19 Bil | 1.21 Bil | 0 | Affirmed | Guidance: 1.19 Bil for 2025 | |
| 2025 APS Revenue | 150.00 Mil | 155.00 Mil | 160.00 Mil | 0 | Affirmed | Guidance: 155.00 Mil for 2025 | |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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