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Other financials

Income statement

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Revenue$461.6M+9.3%
Gross profit$103.1M+20.5%
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$2.52B+90.2%
Enterprise value$4.25B+40.2%
P/S1.3×+0.6×

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:OperatingIncomeLoss.

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
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
Financing and other expense (income)237(1,016)
Total other expense35,27437,897

Item 1. Financial Statements

FAQ

What is Custom Truck One Source's operating income?
Custom Truck One Source (CTOS) reported operating income of $31.47M in Q1 2026.
How has Custom Truck One Source's operating income changed year-over-year?
Custom Truck One Source's operating income increased by 153.7% year-over-year, from $12.41M to $31.47M.
What is the long-term trend for Custom Truck One Source's operating income?
Over 3 years (2022 to 2025), Custom Truck One Source's operating income has grown at a 6.5% compound annual growth rate (CAGR), from $103.31M to $124.94M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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