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Custom Truck One Source CTOS Merger Related Costs

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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 ctos:MergerRelatedCosts.

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
Selling, general and administrative expenses57,62659,451
Amortization6,6866,680
Non-rental depreciation3,3903,340
Transaction expenses and other3,8923,660
Total operating expenses71,59473,131
Operating Income31,46912,405
Other Expense
Interest expense, net35,03738,913

Item 1. Financial Statements

FAQ

What is Custom Truck One Source's merger related costs?
Custom Truck One Source (CTOS) reported merger related costs of $3.89M in Q1 2026.
How has Custom Truck One Source's merger related costs changed year-over-year?
Custom Truck One Source's merger related costs increased by 6.3% year-over-year, from $3.66M to $3.89M.
What is the long-term trend for Custom Truck One Source's merger related costs?
Over 4 years (2021 to 2025), Custom Truck One Source's merger related costs has grown at a -24.7% compound annual growth rate (CAGR), from $51.83M to $16.64M.
What does merger related costs mean?
These are one-time expenses incurred during the integration, legal, or advisory processes associated with business combinations or corporate restructuring. Because these costs are non-recurring, they are typically excluded from normalized earnings to provide a clearer view of core operational performance. Investors monitor these to assess the impact of inorganic growth strategies on short-term liquidity.

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