vs
Side-by-side financial comparison of Custom Truck One Source, Inc. (CTOS) and Katapult Holdings, Inc. (KPLT). Click either name above to swap in a different company.
Custom Truck One Source, Inc. is the larger business by last-quarter revenue ($387.3M vs $73.9M, roughly 5.2× Katapult Holdings, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs 5.4%, a 21.5% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs -2.8%). Over the past eight quarters, Custom Truck One Source, Inc.'s revenue compounded faster (13.0% CAGR vs 6.6%).
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.
Katapult Holdings, Inc. is a U.S.-based fintech company that provides accessible point-of-sale lease-to-purchase solutions for consumers with limited or no traditional credit history. It partners with a wide network of e-commerce platforms and brick-and-mortar retail merchants across segments including electronics, furniture and home goods to offer flexible payment plans for customers to obtain needed products.
CTOS vs KPLT — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $387.3M | $73.9M |
| Net Profit | $20.9M | $19.8M |
| Gross Margin | 31.8% | 15.6% |
| Operating Margin | 13.4% | -1.4% |
| Net Margin | 5.4% | 26.8% |
| Revenue YoY | -2.8% | 17.3% |
| Net Profit YoY | -24.3% | 307.3% |
| EPS (diluted) | $0.10 | $3.69 |
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.
| Q4 25 | $387.3M | $73.9M | ||
| Q3 25 | $359.9M | $74.0M | ||
| Q2 25 | $392.2M | $71.9M | ||
| Q1 25 | $307.1M | $71.9M | ||
| Q4 24 | $398.3M | $63.0M | ||
| Q3 24 | $337.5M | $60.3M | ||
| Q2 24 | $320.6M | $58.9M | ||
| Q1 24 | $303.5M | $65.1M |
| Q4 25 | $20.9M | $19.8M | ||
| Q3 25 | $-5.8M | $-4.9M | ||
| Q2 25 | $-28.4M | $-7.8M | ||
| Q1 25 | $-17.8M | $-5.7M | ||
| Q4 24 | $27.6M | $-9.6M | ||
| Q3 24 | $-17.4M | $-8.9M | ||
| Q2 24 | $-24.5M | $-6.9M | ||
| Q1 24 | $-14.3M | $-570.0K |
| Q4 25 | 31.8% | 15.6% | ||
| Q3 25 | 28.0% | 19.7% | ||
| Q2 25 | 26.1% | 15.5% | ||
| Q1 25 | 27.9% | 19.9% | ||
| Q4 24 | 29.7% | 11.8% | ||
| Q3 24 | 27.2% | 19.8% | ||
| Q2 24 | 27.8% | 16.9% | ||
| Q1 24 | 29.9% | 25.3% |
| Q4 25 | 13.4% | -1.4% | ||
| Q3 25 | 9.1% | 3.3% | ||
| Q2 25 | 7.1% | -2.0% | ||
| Q1 25 | 4.0% | -0.7% | ||
| Q4 24 | 16.9% | -7.7% | ||
| Q3 24 | 6.8% | -7.4% | ||
| Q2 24 | 5.5% | -4.5% | ||
| Q1 24 | 6.1% | 5.8% |
| Q4 25 | 5.4% | 26.8% | ||
| Q3 25 | -1.6% | -6.7% | ||
| Q2 25 | -7.2% | -10.9% | ||
| Q1 25 | -5.8% | -7.9% | ||
| Q4 24 | 6.9% | -15.2% | ||
| Q3 24 | -5.2% | -14.7% | ||
| Q2 24 | -7.6% | -11.7% | ||
| Q1 24 | -4.7% | -0.9% |
| Q4 25 | $0.10 | $3.69 | ||
| Q3 25 | $-0.03 | $-0.94 | ||
| Q2 25 | $-0.13 | $-1.63 | ||
| Q1 25 | $-0.08 | $-1.23 | ||
| Q4 24 | $0.11 | $-2.17 | ||
| Q3 24 | $-0.07 | $-2.05 | ||
| Q2 24 | $-0.10 | $-1.61 | ||
| Q1 24 | $-0.06 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.3M | $22.4M |
| Total DebtLower is stronger | $1.6B | — |
| Stockholders' EquityBook value | $809.1M | $-38.1M |
| Total Assets | $3.4B | $107.9M |
| Debt / EquityLower = less leverage | 2.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.3M | $22.4M | ||
| Q3 25 | $13.1M | $3.4M | ||
| Q2 25 | $5.3M | $3.7M | ||
| Q1 25 | $5.4M | $6.0M | ||
| Q4 24 | $3.8M | $3.5M | ||
| Q3 24 | $8.4M | $25.9M | ||
| Q2 24 | $8.1M | $33.7M | ||
| Q1 24 | $8.0M | $31.2M |
| 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 24 | $1.5B | — |
| Q4 25 | $809.1M | $-38.1M | ||
| Q3 25 | $784.7M | $-58.4M | ||
| Q2 25 | $790.1M | $-54.1M | ||
| Q1 25 | $813.4M | $-51.7M | ||
| Q4 24 | $861.3M | $-46.8M | ||
| Q3 24 | $837.5M | $-40.3M | ||
| Q2 24 | $856.7M | $-32.9M | ||
| Q1 24 | $896.7M | $-27.5M |
| Q4 25 | $3.4B | $107.9M | ||
| Q3 25 | $3.5B | $85.9M | ||
| Q2 25 | $3.6B | $90.6M | ||
| Q1 25 | $3.5B | $88.5M | ||
| Q4 24 | $3.5B | $93.2M | ||
| Q3 24 | $3.6B | $92.0M | ||
| Q2 24 | $3.5B | $106.6M | ||
| Q1 24 | $3.5B | $106.6M |
| 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× | — | ||
| Q1 24 | 1.67× | — |
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 | $47.3M | $-12.7M |
| Free Cash FlowOCF − Capex | — | $-12.7M |
| FCF MarginFCF / Revenue | — | -17.2% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 2.27× | -0.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.3M | $-12.7M | ||
| Q3 25 | $81.5M | $4.0M | ||
| Q2 25 | $125.7M | $-6.6M | ||
| Q1 25 | $55.6M | $3.4M | ||
| Q4 24 | $82.1M | $-28.5M | ||
| Q3 24 | $16.5M | $-5.4M | ||
| Q2 24 | $37.8M | $-628.0K | ||
| Q1 24 | $-14.4M | $2.0M |
| Q4 25 | — | $-12.7M | ||
| Q3 25 | — | $4.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $3.4M | ||
| Q4 24 | — | $-28.5M | ||
| Q3 24 | — | $-5.4M | ||
| Q2 24 | — | $-653.0K | ||
| Q1 24 | — | — |
| Q4 25 | — | -17.2% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | -45.3% | ||
| Q3 24 | — | -9.0% | ||
| Q2 24 | — | -1.1% | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | 2.27× | -0.64× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.98× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTOS
| Equipment Rental Solutions Segment | $207.1M | 53% |
| Rental Revenue Excluding Shipping And Handling | $135.5M | 35% |
| Sales And Services Parts And Services | $32.3M | 8% |
| Rental Revenue Shipping And Handling | $6.5M | 2% |
| Sales And Services | $5.5M | 1% |
KPLT
Segment breakdown not available.
