Custom Truck One Source, Inc.CTOSEarnings & Financial Report
Custom Truck One Source, Inc. is a leading provider of specialized heavy truck and equipment solutions in North America. It offers custom vehicle manufacturing, equipment sales and rentals, aftermarket parts, and maintenance services, serving core infrastructure, utility, construction, and energy industry segments.
CTOS Q4 2025 Key Financial Metrics
Revenue
$387.3M
Gross Profit
$123.1M
Operating Profit
$52.0M
Net Profit
$20.9M
Gross Margin
31.8%
Operating Margin
13.4%
Net Margin
5.4%
YoY Growth
-2.8%
EPS
$0.10
Financial Flow
Custom Truck One Source, Inc. Q4 2025 Financial Summary
Custom Truck One Source, Inc. reported revenue of $387.3M (down 2.8% YoY) for Q4 2025, with a net profit of $20.9M (down 24.3% YoY) (5.4% margin). Cost of goods sold was $264.2M, operating expenses totaled $71.1M.
Key Financial Metrics
| Total Revenue | $387.3M |
|---|---|
| Net Profit | $20.9M |
| Gross Margin | 31.8% |
| Operating Margin | 13.4% |
| Report Period | Q4 2025 |
Revenue Breakdown
Custom Truck One Source, Inc. Q4 2025 revenue of $387.3M breaks down across 5 segments, led by Equipment Rental Solutions Segment at $207.1M (53.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Equipment Rental Solutions Segment | $207.1M | 53.5% |
| Rental Revenue Excluding Shipping And Handling | $135.5M | 35.0% |
| Sales And Services Parts And Services | $32.3M | 8.3% |
| Rental Revenue Shipping And Handling | $6.5M | 1.7% |
| Sales And Services | $5.5M | 1.4% |
Custom Truck One Source, Inc. Revenue by Segment — Quarterly Trend
Custom Truck One Source, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Equipment Rental Solutions Segment and Rental Revenue Excluding Shipping And Handling) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Equipment Rental Solutions Segment | $207.1M | — | — | $154.3M |
| Rental Revenue Excluding Shipping And Handling | $135.5M | — | — | $110.3M |
| Sales And Services Parts And Services | $32.3M | $34.3M | $34.6M | $32.1M |
| Rental Revenue Shipping And Handling | $6.5M | $6.9M | $6.2M | $6.0M |
| Sales And Services | $5.5M | $2.0M | $4.7M | $4.8M |
Custom Truck One Source, Inc. Annual Revenue by Year
Custom Truck One Source, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.4B). Click any linked year to see what changed vs the prior annual report.
Custom Truck One Source, Inc. Quarterly Revenue & Net Profit History
Custom Truck One Source, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $387.3M | -2.8% | $20.9M | 5.4% |
| Q3 2025 | $359.9M | +6.6% | $-5.8M | -1.6% |
| Q2 2025 | $392.2M | +22.3% | $-28.4M | -7.2% |
| Q1 2025 | $307.1M | +1.2% | $-17.8M | -5.8% |
| Q4 2024 | $398.3M | +1.1% | $27.6M | 6.9% |
| Q3 2024 | $337.5M | +10.7% | $-17.4M | -5.2% |
| Q2 2024 | $320.6M | +1.6% | $-24.5M | -7.6% |
| Q1 2024 | $303.5M | -4.2% | $-14.3M | -4.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $303.5M | $320.6M | $337.5M | $398.3M | $307.1M | $392.2M | $359.9M | $387.3M |
| YoY Growth | -4.2% | 1.6% | 10.7% | 1.1% | 1.2% | 22.3% | 6.6% | -2.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.45B | $3.52B | $3.58B | $3.50B | $3.54B | $3.58B | $3.54B | $3.44B |
| Liabilities | $2.55B | $2.67B | $2.74B | $2.64B | $2.73B | $2.79B | $2.76B | $2.63B |
| Equity | $896.7M | $856.7M | $837.5M | $861.3M | $813.4M | $790.1M | $784.7M | $809.1M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-14.4M | $37.8M | $16.5M | $82.1M | $55.6M | $125.7M | $81.5M | $47.3M |