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NYSE · SERVICES-EQUIPMENT RENTAL & LEASING, NEC · MID CAP

Custom Truck One Source, Inc. CTOS

9 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.9B
▲ 7.9% YoY
$-31.1M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Custom Truck One Source, Inc. is a specialty equipment provider to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management and other infrastructure-related industries in North America. As of December 31, 2025, the company had approximately 2,500 employees in more than 40 locations across North America. The company serves approximately 8,000 customers, with the top 15 customers representing approximately 23.6% of total revenue and no single customer representing greater than 4% of total revenue in 2025. Through December 31, 2025, the company managed its business in three reporting segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS). Following the acquisition of Custom Truck One Source, L.P. on April 1, 2021, Nesco Holdings, Inc. changed its name to Custom Truck One Source, Inc.

Written from the business description in Custom Truck One Source, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 10 March 2026. Every sentence was checked against that document before publication.

Growth

USD 1.9B
Revenue, FY2025 · full 9-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.9 · Net income -0.0
1B2B
2017202020232025
Compound annual growth
+7.3%
+45.1%
+46.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +45.1% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−2 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 6.4% · Net -1.6%
5%10%15%-5%-10%-15%
201720212025
ROE
FY2025 · ROE -3.7%
2%4%-1%-2%-3%
201720212025
Three returns, three denominators.

Each USD of equity lost 4 cents this year.

Cash & shareholders

USD 32.6M
returned in FY2025 · dividends + net buybacks
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 32.6
-400M-800M
202020212022202320242025

USD 32.6M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 3.4B
EquityUSD 809.1M
CashUSD 6.3M
Gross debtUSD 1.6B
Net debtUSD 1.6B
Current ratio1.33×

Net debt stands at 203% of equity.

The 9-year record

9 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
CTOS, 9-year financial record
Metric 202520242023202220212020201920182017
Revenue $B1.91.81.91.61.20.30.30.20.2
Operating income $B0.10.10.20.1−0.00.00.00.00.0
EBITDA $B0.40.40.40.30.20.10.10.10.1
Income tax $B0.0−0.00.00.00.0−0.0−0.00.0−0.0
Net income $B−0.0−0.00.10.0−0.2−0.0−0.0−0.0−0.0
EPS, diluted $−0.14−0.120.210.16−0.75−0.43−0.82−0.72−1.25
Dividend / sh $◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————
ROE %−3.7−3.25.64.5—————
Shares out B0.230.230.240.250.250.050.050.02◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 45 reconciliationsAUDITED

Reconciled in 9 of the 9 fiscal years we could check. 20 checks were skipped: the balance sheet is not tagged before 2017. 10 checks were skipped: EPS is not tagged before 2017. 10 checks were skipped: revenue is not tagged before 2017.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Equipment Rental & Leasing, NEC
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2017

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