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Side-by-side financial comparison of Array Technologies, Inc. (ARRY) and Custom Truck One Source, Inc. (CTOS). Click either name above to swap in a different company.
Custom Truck One Source, Inc. is the larger business by last-quarter revenue ($422.2M vs $226.0M, roughly 1.9× Array Technologies, Inc.). On growth, Custom Truck One Source, Inc. posted the faster year-over-year revenue change (-8.5% vs -17.9%). Over the past eight quarters, Array Technologies, Inc.'s revenue compounded faster (21.4% CAGR vs 14.8%).
ATI Technologies Inc. was a Canadian semiconductor technology corporation based in Markham, Ontario, that specialized in the development of graphics processing units and chipsets. Founded in 1985, the company listed publicly in 1993 and was acquired by AMD in 2006. As a major fabless semiconductor company, ATI conducted research and development in-house and outsourced the manufacturing and assembly of its products. With the decline and eventual bankruptcy of 3dfx in 2000, ATI and its chief ri...
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.
ARRY vs CTOS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $226.0M | $422.2M |
| Net Profit | — | $-17.8M |
| Gross Margin | 8.6% | 20.3% |
| Operating Margin | -65.5% | 2.9% |
| Net Margin | — | -4.2% |
| Revenue YoY | -17.9% | -8.5% |
| Net Profit YoY | — | -333.7% |
| EPS (diluted) | $-1.06 | $-0.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $422.2M | ||
| Q4 25 | $226.0M | $387.3M | ||
| Q3 25 | $393.5M | $359.9M | ||
| Q2 25 | $362.2M | $392.2M | ||
| Q1 25 | $302.4M | $307.1M | ||
| Q4 24 | $275.2M | $398.3M | ||
| Q3 24 | $231.4M | $337.5M | ||
| Q2 24 | $255.8M | $320.6M |
| Q1 26 | — | $-17.8M | ||
| Q4 25 | — | $20.9M | ||
| Q3 25 | $33.5M | $-5.8M | ||
| Q2 25 | $43.3M | $-28.4M | ||
| Q1 25 | $16.7M | $-17.8M | ||
| Q4 24 | — | $27.6M | ||
| Q3 24 | $-141.4M | $-17.4M | ||
| Q2 24 | $25.7M | $-24.5M |
| Q1 26 | — | 20.3% | ||
| Q4 25 | 8.6% | 31.8% | ||
| Q3 25 | 26.9% | 28.0% | ||
| Q2 25 | 26.8% | 26.1% | ||
| Q1 25 | 25.3% | 27.9% | ||
| Q4 24 | 28.5% | 29.7% | ||
| Q3 24 | 33.8% | 27.2% | ||
| Q2 24 | 33.6% | 27.8% |
| Q1 26 | — | 2.9% | ||
| Q4 25 | -65.5% | 13.4% | ||
| Q3 25 | 11.6% | 9.1% | ||
| Q2 25 | 12.8% | 7.1% | ||
| Q1 25 | 9.0% | 4.0% | ||
| Q4 24 | -51.7% | 16.9% | ||
| Q3 24 | -57.3% | 6.8% | ||
| Q2 24 | 15.5% | 5.5% |
| Q1 26 | — | -4.2% | ||
| Q4 25 | — | 5.4% | ||
| Q3 25 | 8.5% | -1.6% | ||
| Q2 25 | 11.9% | -7.2% | ||
| Q1 25 | 5.5% | -5.8% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | -61.1% | -5.2% | ||
| Q2 24 | 10.0% | -7.6% |
| Q1 26 | — | $-0.08 | ||
| Q4 25 | $-1.06 | $0.10 | ||
| Q3 25 | $0.12 | $-0.03 | ||
| Q2 25 | $0.19 | $-0.13 | ||
| Q1 25 | $0.02 | $-0.08 | ||
| Q4 24 | $-0.94 | $0.11 | ||
| Q3 24 | $-1.02 | $-0.07 | ||
| Q2 24 | $0.08 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $244.4M | $6.3M |
| Total DebtLower is stronger | — | $25.9M |
| Stockholders' EquityBook value | $-206.3M | $809.1M |
| Total Assets | $1.5B | $3.4B |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $6.3M | ||
| Q4 25 | $244.4M | $6.3M | ||
| Q3 25 | $221.5M | $13.1M | ||
| Q2 25 | $377.3M | $5.3M | ||
| Q1 25 | $348.3M | $5.4M | ||
| Q4 24 | $363.0M | $3.8M | ||
| Q3 24 | $332.4M | $8.4M | ||
| Q2 24 | $282.3M | $8.1M |
| Q1 26 | — | $25.9M | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.5B |
| Q1 26 | — | $809.1M | ||
| Q4 25 | $-206.3M | $809.1M | ||
| Q3 25 | $-46.7M | $784.7M | ||
| Q2 25 | $-70.9M | $790.1M | ||
| Q1 25 | $-97.8M | $813.4M | ||
| Q4 24 | $-118.1M | $861.3M | ||
| Q3 24 | $64.5M | $837.5M | ||
| Q2 24 | $200.0M | $856.7M |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $1.5B | $3.4B | ||
| Q3 25 | $1.6B | $3.5B | ||
| Q2 25 | $1.5B | $3.6B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.4B | $3.5B | ||
| Q3 24 | $1.6B | $3.6B | ||
| Q2 24 | $1.7B | $3.5B |
| Q1 26 | — | 0.03× | ||
| Q4 25 | — | 2.03× | ||
| Q3 25 | — | 2.10× | ||
| Q2 25 | — | 2.04× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | — | 1.77× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.79× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $43.6M | — |
| Free Cash FlowOCF − Capex | $36.2M | — |
| FCF MarginFCF / Revenue | 16.0% | — |
| Capex IntensityCapex / Revenue | 3.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $43.6M | $47.3M | ||
| Q3 25 | $27.4M | $81.5M | ||
| Q2 25 | $43.8M | $125.7M | ||
| Q1 25 | $-13.1M | $55.6M | ||
| Q4 24 | $57.6M | $82.1M | ||
| Q3 24 | $44.9M | $16.5M | ||
| Q2 24 | $4.0M | $37.8M |
| Q1 26 | — | — | ||
| Q4 25 | $36.2M | — | ||
| Q3 25 | $21.9M | — | ||
| Q2 25 | $37.2M | — | ||
| Q1 25 | $-15.4M | — | ||
| Q4 24 | $55.9M | — | ||
| Q3 24 | $43.9M | — | ||
| Q2 24 | $1.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | — | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | -5.1% | — | ||
| Q4 24 | 20.3% | — | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 0.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.27× | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | -0.78× | — | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.15× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARRY
| Array Legacy Operations Segment | $212.0M | 94% |
| STI Operations Segment | $14.0M | 6% |
CTOS
| Equipment sales | $273.9M | 65% |
| Rental revenue | $116.3M | 28% |
| Parts sales and services | $32.1M | 8% |
