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Side-by-side financial comparison of Custom Truck One Source, Inc. (CTOS) and OneWater Marine Inc. (ONEW). Click either name above to swap in a different company.
OneWater Marine Inc. is the larger business by last-quarter revenue ($442.3M vs $422.2M, roughly 1.0× Custom Truck One Source, Inc.). OneWater Marine Inc. runs the higher net margin — -2.9% vs -4.2%, a 1.3% gap on every dollar of revenue. On growth, OneWater Marine Inc. posted the faster year-over-year revenue change (-8.5% vs -8.5%). Over the past eight quarters, Custom Truck One Source, Inc.'s revenue compounded faster (14.8% CAGR vs 8.2%).
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.
OneWater Marine Inc. is a leading recreational marine retailer headquartered in the U.S. It sells new and pre-owned boats, yachts and marine parts, offers maintenance, repair and financing services, and serves individual and commercial leisure boating customers across North America through its extensive network of local dealerships.
CTOS vs ONEW — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $422.2M | $442.3M |
| Net Profit | $-17.8M | $-12.9M |
| Gross Margin | 20.3% | 23.9% |
| Operating Margin | 2.9% | 1.7% |
| Net Margin | -4.2% | -2.9% |
| Revenue YoY | -8.5% | -8.5% |
| Net Profit YoY | -333.7% | — |
| EPS (diluted) | $-0.08 | $-0.78 |
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.
| Q2 26 | — | $442.3M | ||
| Q1 26 | $422.2M | $380.6M | ||
| Q4 25 | $387.3M | $380.6M | ||
| Q3 25 | $359.9M | $460.1M | ||
| Q2 25 | $392.2M | $552.9M | ||
| Q1 25 | $307.1M | $483.5M | ||
| Q4 24 | $398.3M | $375.8M | ||
| Q3 24 | $337.5M | $377.9M |
| Q2 26 | — | $-12.9M | ||
| Q1 26 | $-17.8M | $-7.7M | ||
| Q4 25 | $20.9M | $-7.7M | ||
| Q3 25 | $-5.8M | $-113.0M | ||
| Q2 25 | $-28.4M | $10.7M | ||
| Q1 25 | $-17.8M | $-368.0K | ||
| Q4 24 | $27.6M | $-12.0M | ||
| Q3 24 | $-17.4M | $-9.2M |
| Q2 26 | — | 23.9% | ||
| Q1 26 | 20.3% | 23.5% | ||
| Q4 25 | 31.8% | 23.5% | ||
| Q3 25 | 28.0% | 22.6% | ||
| Q2 25 | 26.1% | 23.3% | ||
| Q1 25 | 27.9% | 22.8% | ||
| Q4 24 | 29.7% | 22.4% | ||
| Q3 24 | 27.2% | 24.0% |
| Q2 26 | — | 1.7% | ||
| Q1 26 | 2.9% | — | ||
| Q4 25 | 13.4% | -1.4% | ||
| Q3 25 | 9.1% | -28.3% | ||
| Q2 25 | 7.1% | 5.5% | ||
| Q1 25 | 4.0% | 3.4% | ||
| Q4 24 | 16.9% | -0.5% | ||
| Q3 24 | 6.8% | 1.2% |
| Q2 26 | — | -2.9% | ||
| Q1 26 | -4.2% | -2.0% | ||
| Q4 25 | 5.4% | -2.0% | ||
| Q3 25 | -1.6% | -24.5% | ||
| Q2 25 | -7.2% | 1.9% | ||
| Q1 25 | -5.8% | -0.1% | ||
| Q4 24 | 6.9% | -3.2% | ||
| Q3 24 | -5.2% | -2.4% |
| Q2 26 | — | $-0.78 | ||
| Q1 26 | $-0.08 | $-0.47 | ||
| Q4 25 | $0.10 | — | ||
| Q3 25 | $-0.03 | — | ||
| Q2 25 | $-0.13 | — | ||
| Q1 25 | $-0.08 | — | ||
| Q4 24 | $0.11 | — | ||
| Q3 24 | $-0.07 | — |
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 | — |
| Total DebtLower is stronger | $25.9M | — |
| Stockholders' EquityBook value | $809.1M | $269.4M |
| Total Assets | $3.4B | $1.4B |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | $6.3M | — | ||
| Q4 25 | $6.3M | — | ||
| Q3 25 | $13.1M | — | ||
| Q2 25 | $5.3M | — | ||
| Q1 25 | $5.4M | — | ||
| Q4 24 | $3.8M | — | ||
| Q3 24 | $8.4M | — |
| Q2 26 | — | — | ||
| 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 26 | — | $269.4M | ||
| Q1 26 | $809.1M | $277.5M | ||
| Q4 25 | $809.1M | $277.5M | ||
| Q3 25 | $784.7M | $285.0M | ||
| Q2 25 | $790.1M | $393.2M | ||
| Q1 25 | $813.4M | $381.6M | ||
| Q4 24 | $861.3M | $354.8M | ||
| Q3 24 | $837.5M | $360.8M |
| Q2 26 | — | $1.4B | ||
| Q1 26 | $3.4B | $1.4B | ||
| Q4 25 | $3.4B | $1.4B | ||
| Q3 25 | $3.5B | $1.4B | ||
| Q2 25 | $3.6B | $1.5B | ||
| Q1 25 | $3.5B | $1.6B | ||
| Q4 24 | $3.5B | $1.6B | ||
| Q3 24 | $3.6B | $1.6B |
| Q2 26 | — | — | ||
| 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× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTOS
| Equipment sales | $273.9M | 65% |
| Rental revenue | $116.3M | 28% |
| Parts sales and services | $32.1M | 8% |
ONEW
| New boat | $272.0M | 62% |
| Pre-owned boat | $94.4M | 21% |
| Service, parts & other | $61.9M | 14% |
| Finance & insurance income | $14.0M | 3% |
