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Custom Truck One Source logo
Custom Truck One SourceCTOS
$56.2M+12.2%

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$2.37B+86.8%
Enterprise value$4.1B+37.9%
P/S1.2×+0.5×

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:CostOfGoodsAndServicesSoldDepreciation.

The source filing: Custom Truck One Source’s 10-Q, filed April 27, 2026.

Filed
Apr 27, 2026, 4:17 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001709682-26-000018
(in $000s, except per share data)Three Months Ended March 31, 20262025
Total revenue461,622422,232
Cost of Revenue
Cost of rental revenue31,06530,400
Depreciation of rental equipment56,19750,091
Cost of equipment sales243,918228,477
Cost of parts sales and services27,37927,728
Total cost of revenue358,559336,696
Gross Profit103,06385,536

Item 1. Financial Statements

FAQ

What is Custom Truck One Source's depreciation?
Custom Truck One Source (CTOS) reported depreciation of $56.2M in Q1 2026.
How has Custom Truck One Source's depreciation changed year-over-year?
Custom Truck One Source's depreciation increased by 12.2% year-over-year, from $50.09M to $56.2M.
What is the long-term trend for Custom Truck One Source's depreciation?
Over 4 years (2021 to 2025), Custom Truck One Source's depreciation has grown at a 8.2% compound annual growth rate (CAGR), from $157.11M to $215.64M.
What does depreciation mean?
This represents the systematic allocation of the cost of tangible rental assets over their estimated useful lives. It reflects the wear and tear and obsolescence of the company's primary revenue-generating equipment fleet. Monitoring this metric is essential for understanding the capital intensity of the business and the ongoing reinvestment required to maintain fleet quality.

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