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Reported August 3, 2026 · After market close

Revenue$563.4MBeat by $53.7M
EPS$0.05Beat by $0.04
Revenue estimate$509.8M
EPS estimate$0.01
“In the second quarter, we delivered record quarterly revenue and substantial year-over-year growth in revenue and Adjusted EBITDA of 10% and 25%, respectively. Sustained strength in our core T&D markets remains the primary driver of performance within our SER segment and for the Company as a whole. Our rental fleet achieved average utilization of 81.6% for the quarter, up 400 basis points from a year ago, and we ended the quarter with total OEC of $1.68 billion, the highest quarter-end level in our history, positioning us for continued SER growth through the balance of 2026. STEM also had a record quarter, with external customer revenue of $345 million and equipment sales of $332 million. The strength across both segments allowed us to continue making substantial progress in reducing our net leverage. We are optimistic about the second half of 2026, as CTOS remains well-positioned to benefit from secular tailwinds in data center investment, electrification, utility grid upgrades and infrastructure spending. We remain focused on Adjusted EBITDA growth, working capital management, free cash flow generation and continued deleveraging.”
Ryan McMonagle

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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Revenue$563.4M+10.2%
Gross profit$124.0M+20.9%
Operating income$46.6M+66.9%
Net income$10.4M+137%
EPS (diluted)$0.05+138%

Balance sheet

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Cash & equivalents$10.3M+95.6%
Total debt$1.8B+3.6%
Total equity$816.0M+3.3%
Total assets$3.6B+0.8%

Cash flow

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Operating cash flow$44.4M-64.7%
Free cash flow$45.9M-63.3%

Valuation & ratios

Valuation

as of 06/30/26
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Market cap$2.69B+139%
Enterprise value$4.45B+57.2%
P/S1.3×+0.7×

Profitability

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Gross margin22.2%+1.2pp
Operating margin8%+1.1pp
FCF margin9.6%-5.1pp

Returns & leverage

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Debt / equity2.2×0.0×
Current ratio1.3×+0.1×

Segments

By segment

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Specialty Truck Equipment and Manufacturing Segment$344.6M—
Specialty Equipment Rentals Segment$218.8M—

By geography

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United States$553.2M+10.7%
Canada$10.2M-14.2%

By product

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Parts sales and services$34.8M+0.8%
Shipping and handling$7.8M+26.6%

FAQ

When did Custom Truck One Source report Q2 2026 earnings?
Custom Truck One Source (CTOS) reported Q2 2026 earnings on August 3, 2026 after market close.
What were Custom Truck One Source's Q2 2026 revenue and EPS?
Custom Truck One Source reported revenue of $563.4M and eps of $0.05 for Q2 2026.
Did Custom Truck One Source beat estimates in Q2 2026?
Revenue beat the consensus estimate of $509.8M by $53.7M. EPS beat the consensus estimate of $0.01 by $0.04.
How did Custom Truck One Source's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.2% from $511.5M a year earlier.
Where can I find Custom Truck One Source's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001709682-26-000039) and the 10-Q periodic report (0001709682-26-000040) directly on SEC EDGAR. The filing index links above go to sec.gov.