What is Custom Truck One Source's net debt?

Custom Truck One Source (CTOS) reported net debt of $1.73B in Q1 2026.

How has Custom Truck One Source's net debt changed year-over-year?

Custom Truck One Source's net debt increased by 2.9% year-over-year, from $1.68B to $1.73B.

What is the long-term trend for Custom Truck One Source's net debt?

Over 5 years (2020 to 2025), Custom Truck One Source's net debt has grown at a 18.9% compound annual growth rate (CAGR), from $736.63M to $1.75B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Custom Truck One Source CTOS Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cabot CorporationCBT

1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Andersons Inc.ANDE

4×+2.1×

SeadrillSDRL

1×+0.6×

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$23.8M-57.2%

CapEx$3.7M+755%

Free cash flow$20.1M-63.6%

Valuation

See full

Market cap$2.56B+56.4%

Enterprise value$4.29B+22.2%

P/S1.3×+0.4×

Profitability

See full

Gross margin21.7%+0.4pp

Operating margin7.3%+0.6pp

Net margin-2.2%-5.8pp

FCF margin13.8%+3.2pp

Returns & leverage

See full

Return on equity-4.6%-12.0pp

Debt / equity2.2×+0.1×

Current ratio1.3×0.0×

Where this comes from

Calculated from Custom Truck One Source’s reported figures.

$1.7Btotal debt−$9.6Mcash and equivalents=$1.73B

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 net debt?: Custom Truck One Source (CTOS) reported net debt of $1.73B in Q1 2026.
How has Custom Truck One Source's net debt changed year-over-year?: Custom Truck One Source's net debt increased by 2.9% year-over-year, from $1.68B to $1.73B.
What is the long-term trend for Custom Truck One Source's net debt?: Over 5 years (2020 to 2025), Custom Truck One Source's net debt has grown at a 18.9% compound annual growth rate (CAGR), from $736.63M to $1.75B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.