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Custom Truck One Source CTOS Total sales and services — Topic 842

Other product segments

Rental
$130.61M+18.4%
Parts sales and services
$1.69M-36.8%
Equipment sales
$730K-66.2%
Shipping and handling
$0

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EQPTEquipment rental and related services — Revenue under topic 842
$657M+38.3%

Other financials

Income statement

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Revenue$461.6M+9.3%
Gross profit$103.1M+20.5%
Operating income$31.5M+154%
Net income-$4.1M+76.9%
EPS (diluted)-$0.02+75.0%

Balance sheet

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Cash & equivalents$9.6M+78.6%
Total debt$1.7B+3.1%
Total equity$805.2M-1.0%
Total assets$3.5B+0.1%

Cash flow

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Operating cash flow$23.8M-57.2%
CapEx$3.7M+755%
Free cash flow$20.1M-63.6%

Valuation

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Market cap$2.59B+56.4%

Profitability

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Gross margin21.7%+0.4pp
Operating margin7.3%+0.6pp
Net margin-2.2%-5.8pp
FCF margin13.8%+3.2pp

Returns & leverage

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Return on equity-4.6%-12.0pp
Debt / equity2.2×+0.1×
Current ratio1.3×0.0×

Where this comes from

Reported directly by Custom Truck One Source in its filing.

Tagged under the XBRL concept us-gaap:RevenueNotFromContractWithCustomer.

The official record: Custom Truck One Source’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Custom Truck One Source's total sales and services — topic 842?
Custom Truck One Source (CTOS) reported total sales and services — topic 842 of $2.42M in Q1 2026.
How has Custom Truck One Source's total sales and services — topic 842 changed year-over-year?
Custom Truck One Source's total sales and services — topic 842 decreased by 50.0% year-over-year, from $4.83M to $2.42M.
What is the long-term trend for Custom Truck One Source's total sales and services — topic 842?
Over 4 years (2021 to 2025), Custom Truck One Source's total sales and services — topic 842 has grown at a -7.3% compound annual growth rate (CAGR), from $23M to $16.99M.
What does total sales and services — topic 842 mean?
This metric represents revenue recognized specifically under ASC 842 lease accounting standards within the company's total sales and services segment. It captures income derived from the leasing of specialty equipment to customers in infrastructure and utility end-markets. Tracking this figure helps investors isolate the portion of revenue generated through rental and leasing arrangements versus direct equipment sales.