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Custom Truck One Source, Inc.（CTOS）与罗塞塔石碑（STEP）财务数据对比。点击上方公司名可切换其他公司
罗塞塔石碑的季度营收约是Custom Truck One Source, Inc.的1.4倍（$586.5M vs $422.2M），Custom Truck One Source, Inc.净利率更高（-4.2% vs -21.0%，领先16.8%），罗塞塔石碑同比增速更快（73.0% vs -8.5%），过去两年罗塞塔石碑的营收复合增速更高（28.2% vs 14.8%）
Custom Truck One Source是北美领先的专用重型卡车及设备解决方案提供商，业务覆盖定制车辆制造、设备销售与租赁、售后配件供应及维保服务，主要服务基建、公用事业、建筑、能源等核心领域。
罗塞塔石碑是美国教育科技软件企业，开发语言学习、读写能力提升及脑训练类软件，旗下语言学习产品知名度极高。2013年公司收购Livemocha、Lexia Learning等品牌拓展教育科技业务矩阵，2021年正式成为IXL Learning的子公司。
CTOS vs STEP — 直观对比
营收规模更大
STEP
是对方的1.4倍
$422.2M
营收增速更快
STEP
高出81.5%
-8.5%
净利率更高
CTOS
高出16.8%
-21.0%
两年增速更快
STEP
近两年复合增速
14.8%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $422.2M | $586.5M |
| 净利润 | $-17.8M | $-123.5M |
| 毛利率 | 20.3% | — |
| 营业利润率 | 2.9% | -33.2% |
| 净利率 | -4.2% | -21.0% |
| 营收同比 | -8.5% | 73.0% |
| 净利润同比 | -333.7% | 35.7% |
| 每股收益（稀释后） | $-0.08 | $-1.55 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CTOSSTEP
| Q1 26 | $422.2M | — | ||
| Q4 25 | $387.3M | $586.5M | ||
| Q3 25 | $359.9M | $454.2M | ||
| Q2 25 | $392.2M | $364.3M | ||
| Q1 25 | $307.1M | $377.7M | ||
| Q4 24 | $398.3M | $339.0M | ||
| Q3 24 | $337.5M | $271.7M | ||
| Q2 24 | $320.6M | $186.4M |
净利润CTOSSTEP
| Q1 26 | $-17.8M | — | ||
| Q4 25 | $20.9M | $-123.5M | ||
| Q3 25 | $-5.8M | $-366.1M | ||
| Q2 25 | $-28.4M | $-38.4M | ||
| Q1 25 | $-17.8M | $-18.5M | ||
| Q4 24 | $27.6M | $-192.0M | ||
| Q3 24 | $-17.4M | $17.6M | ||
| Q2 24 | $-24.5M | $13.3M |
毛利率CTOSSTEP
| Q1 26 | 20.3% | — | ||
| Q4 25 | 31.8% | — | ||
| Q3 25 | 28.0% | — | ||
| Q2 25 | 26.1% | — | ||
| Q1 25 | 27.9% | — | ||
| Q4 24 | 29.7% | — | ||
| Q3 24 | 27.2% | — | ||
| Q2 24 | 27.8% | — |
营业利润率CTOSSTEP
| Q1 26 | 2.9% | — | ||
| Q4 25 | 13.4% | -33.2% | ||
| Q3 25 | 9.1% | -148.8% | ||
| Q2 25 | 7.1% | -5.6% | ||
| Q1 25 | 4.0% | 2.6% | ||
| Q4 24 | 16.9% | -101.7% | ||
| Q3 24 | 6.8% | 21.3% | ||
| Q2 24 | 5.5% | 29.4% |
净利率CTOSSTEP
| Q1 26 | -4.2% | — | ||
| Q4 25 | 5.4% | -21.0% | ||
| Q3 25 | -1.6% | -80.6% | ||
| Q2 25 | -7.2% | -10.5% | ||
| Q1 25 | -5.8% | -4.9% | ||
| Q4 24 | 6.9% | -56.6% | ||
| Q3 24 | -5.2% | 6.5% | ||
| Q2 24 | -7.6% | 7.2% |
每股收益（稀释后）CTOSSTEP
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $0.10 | $-1.55 | ||
| Q3 25 | $-0.03 | $-4.66 | ||
| Q2 25 | $-0.13 | $-0.49 | ||
| Q1 25 | $-0.08 | $-0.37 | ||
| Q4 24 | $0.11 | $-2.61 | ||
| Q3 24 | $-0.07 | $0.26 | ||
| Q2 24 | $-0.10 | $0.20 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $6.3M | — |
| 总债务越低越好 | $25.9M | $270.2M |
| 股东权益账面价值 | $809.1M | $-378.8M |
| 总资产 | $3.4B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.03× | — |
8季度趋势，按日历期对齐
现金及短期投资CTOSSTEP
| 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 24 | $8.1M | — |
总债务CTOSSTEP
| Q1 26 | $25.9M | — | ||
| Q4 25 | $1.6B | $270.2M | ||
| Q3 25 | $1.6B | $269.9M | ||
| Q2 25 | $1.6B | $269.6M | ||
| Q1 25 | $1.6B | $269.3M | ||
| Q4 24 | $1.5B | $168.9M | ||
| Q3 24 | $1.6B | $172.3M | ||
| Q2 24 | $1.5B | $172.1M |
股东权益CTOSSTEP
| Q1 26 | $809.1M | — | ||
| Q4 25 | $809.1M | $-378.8M | ||
| Q3 25 | $784.7M | $-233.5M | ||
| Q2 25 | $790.1M | $153.9M | ||
| Q1 25 | $813.4M | $179.4M | ||
| Q4 24 | $861.3M | $209.8M | ||
| Q3 24 | $837.5M | $397.5M | ||
| Q2 24 | $856.7M | $366.9M |
总资产CTOSSTEP
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.4B | $5.2B | ||
| Q3 25 | $3.5B | $5.3B | ||
| Q2 25 | $3.6B | $4.8B | ||
| Q1 25 | $3.5B | $4.6B | ||
| Q4 24 | $3.5B | $4.3B | ||
| Q3 24 | $3.6B | $4.0B | ||
| Q2 24 | $3.5B | $3.8B |
负债/权益比CTOSSTEP
| Q1 26 | 0.03× | — | ||
| Q4 25 | 2.03× | — | ||
| Q3 25 | 2.10× | — | ||
| Q2 25 | 2.04× | 1.75× | ||
| Q1 25 | 1.97× | 1.50× | ||
| Q4 24 | 1.77× | 0.81× | ||
| Q3 24 | 1.87× | 0.43× | ||
| Q2 24 | 1.79× | 0.47× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $27.2M |
| 自由现金流经营现金流 - 资本支出 | — | $26.7M |
| 自由现金流率自由现金流/营收 | — | 4.6% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $18.6M |
8季度趋势，按日历期对齐
经营现金流CTOSSTEP
| Q1 26 | — | — | ||
| Q4 25 | $47.3M | $27.2M | ||
| Q3 25 | $81.5M | $16.2M | ||
| Q2 25 | $125.7M | $46.3M | ||
| Q1 25 | $55.6M | $-66.5M | ||
| Q4 24 | $82.1M | $27.6M | ||
| Q3 24 | $16.5M | $53.7M | ||
| Q2 24 | $37.8M | $50.2M |
自由现金流CTOSSTEP
| Q1 26 | — | — | ||
| Q4 25 | — | $26.7M | ||
| Q3 25 | — | $15.9M | ||
| Q2 25 | — | $45.2M | ||
| Q1 25 | — | $-69.2M | ||
| Q4 24 | — | $27.0M | ||
| Q3 24 | — | $52.4M | ||
| Q2 24 | — | $49.6M |
自由现金流率CTOSSTEP
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | — | -18.3% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 26.6% |
资本支出强度CTOSSTEP
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.3% |
现金转化率CTOSSTEP
| Q1 26 | — | — | ||
| Q4 25 | 2.27× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.98× | — | ||
| Q3 24 | — | 3.05× | ||
| Q2 24 | — | 3.76× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CTOS
| Equipment sales | $273.9M | 65% |
| Rental revenue | $116.3M | 28% |
| Parts sales and services | $32.1M | 8% |
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
