InsiderClue
Stocks · Industrials · Services-Equipment Rental & Leasing, NEC

Custom Truck One Source, Inc.

CTOS Clue Score49
United States Fiscal year ends December CIK 0001709682
$9.22 -0.32% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $9.22 +42.50% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 20 Mar 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue50.0Operating income23.5Net income−27.1Fiscal year 2018Revenue69.3 +38.6%Operating income43.2Net income−15.5Fiscal year 2019Revenue74.9 +8.1%Operating income36.0Net income−27.1EPS, diluted−0.82Fiscal year 2020Revenue115.2 +53.9%Operating income17.2Net income−21.3EPS, diluted−0.43Fiscal year 2021Revenue788.5 +584.4%Operating income−42.0Net income−181.5EPS, diluted−0.75Fiscal year 2022Revenue1,085.0 +37.6%Operating income103.3Net income38.9EPS, diluted0.16Fiscal year 2023Revenue1,331.2 +22.7%Operating income170.9Net income50.7 +30.3%EPS, diluted0.21Fiscal year 2024Revenue1,360.0 +2.2%Operating income126.4Net income−28.7 −156.5%EPS, diluted−0.12Fiscal year 2025Revenue1,446.4 +6.4%Operating income124.9Net income−31.1EPS, diluted−0.14
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 50.0 69.3 74.9 115.2 788.5 1,085.0 1,331.2 1,360.0 1,446.4
Growth +38.6% +8.1% +53.9% +584.4% +37.6% +22.7% +2.2% +6.4%
Operating income 23.5 43.2 36.0 17.2 −42.0 103.3 170.9 126.4 124.9
Net income −27.1 −15.5 −27.1 −21.3 −181.5 38.9 50.7 −28.7 −31.1
Growth +30.3% −156.5%
EPS, diluted n/a n/a −0.82 −0.43 −0.75 0.16 0.21 −0.12 −0.14

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin115.5%Operating margin47.0%Net margin−54.2%Fiscal year 2018Gross margin117.8%Operating margin62.3%Net margin−22.4%Fiscal year 2019Gross margin115.6%Operating margin48.1%Net margin−36.1%Fiscal year 2020Gross margin66.3%Operating margin15.0%Net margin−18.5%Fiscal year 2021Gross margin26.6%Operating margin−5.3%Net margin−23.0%Fiscal year 2022Gross margin35.4%Operating margin9.5%Net margin3.6%Fiscal year 2023Gross margin34.1%Operating margin12.8%Net margin3.8%Fiscal year 2024Gross margin28.7%Operating margin9.3%Net margin−2.1%Fiscal year 2025Gross margin28.5%Operating margin8.6%Net margin−2.1%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 115.5% 117.8% 115.6% 66.3% 26.6% 35.4% 34.1% 28.7% 28.5%
Operating margin 47.0% 62.3% 48.1% 15.0% −5.3% 9.5% 12.8% 9.3% 8.6%
Net margin −54.2% −22.4% −36.1% −18.5% −23.0% 3.6% 3.8% −2.1% −2.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2017Operating cash flow17.2Fiscal year 2018Operating cash flow41.0Fiscal year 2019Operating cash flow18.8Fiscal year 2020Operating cash flow42.8Buybacks0.0Fiscal year 2021Operating cash flow138.9Buybacks0.0Fiscal year 2022Operating cash flow46.0Buybacks−10.3Fiscal year 2023Operating cash flow−30.9Buybacks−38.8Fiscal year 2024Operating cash flow122.0Buybacks−29.0Fiscal year 2025Operating cash flow310.1Buybacks−32.6
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 17.2 41.0 18.8 42.8 138.9 46.0 −30.9 122.0 310.1
Buybacks n/a n/a n/a 0.0 0.0 −10.3 −38.8 −29.0 −32.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash0.5Shareholders’ equity−144.0Fiscal year 2018Cash2.1Total debt759.4Net cash (debt)−757.3Shareholders’ equity−158.8Fiscal year 2019Cash6.3Total debt714.3Net cash (debt)−708.0Shareholders’ equity−12.1Fiscal year 2020Cash3.4Total debt717.1Net cash (debt)−713.7Shareholders’ equity−31.1Fiscal year 2021Cash35.9Total debt1,314.6Net cash (debt)−1,278.7Shareholders’ equity858.5Debt to equity1.53Fiscal year 2022Cash14.4Total debt1,361.7Net cash (debt)−1,347.3Shareholders’ equity888.4Debt to equity1.53Fiscal year 2023Cash10.3Total debt1,495.4Net cash (debt)−1,485.1Shareholders’ equity917.2Debt to equity1.63Fiscal year 2024Cash3.8Total debt1,527.7Net cash (debt)−1,523.9Shareholders’ equity861.3Debt to equity1.77Fiscal year 2025Cash6.3Total debt1,645.2Net cash (debt)−1,638.9Shareholders’ equity809.1Debt to equity2.03
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.5 2.1 6.3 3.4 35.9 14.4 10.3 3.8 6.3
Total debt n/a 759.4 714.3 717.1 1,314.6 1,361.7 1,495.4 1,527.7 1,645.2
Net cash (debt) n/a −757.3 −708.0 −713.7 −1,278.7 −1,347.3 −1,485.1 −1,523.9 −1,638.9
Shareholders’ equity −144.0 −158.8 −12.1 −31.1 858.5 888.4 917.2 861.3 809.1
Debt to equity n/a n/a n/a n/a 1.53 1.53 1.63 1.77 2.03

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
17.2 41.0 18.8 42.8 138.9 46.0 −30.9 122.0 310.1
Growth +138.3% −54.2% +127.9% +224.4% −66.9% −167.2% +154.2%
n/a n/a 76.8 84.9 209.1 223.5 219.0 235.8 263.9
Investment
−21.4 −27.4 −129.7 −29.3 −1,429.5 −218.9 −176.6 −187.5 −282.5
Financing
3.8 −12.4 115.0 −16.4 1,323.0 153.9 202.9 58.3 −25.3
n/a n/a n/a 0.0 0.0 −10.3 −38.8 −29.0 −32.6

Capital expenditure, dividends and buybacks are shown as money out, so negative.