Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data EquipmentShare.com Inc files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2025
FY2025
Revenue
2,557
3,764
4,379
Cost of revenue
1,798
2,818
3,140
Gross profit
759
946
1,239
Selling, general and administrative
509
728
942
Operating income
250
218
297
Interest expense
213
261
285
Interest income
4
5
5
Other non-operating income
-229
-212
-243
Pre-tax income
21
6
54
Income tax
4
3
14
Net income to minority interests
0
0
0
Net income
17
3
40
EBITDA
545
550
662
EPS, basic
-0.20
-0.48
0.01
EPS, diluted
-0.20
-0.48
0.01
Shares, basic (weighted)
75
77
78
Shares, diluted (weighted)
75
77
226
Balance sheet
FY2023
FY2025
FY2025
Cash and equivalents
316
407
306
Receivables
563
748
Inventory
331
401
Other current assets
64
106
Total current assets
1,407
1,730
Property, plant and equipment
339
504
Lease right-of-use assets
569
676
Intangible assets
3
31
Total assets
4,816
5,987
Accounts payable
91
95
Accrued liabilities
344
609
Deferred revenue
20
30
Short-term debt
19
4
Total current liabilities
658
880
Long-term debt
2,528
3,268
Lease liabilities
555
655
Other non-current liabilities
1
1
Total liabilities
3,943
5,099
Total debt
2,547
3,272
Paid-in capital
114
105
Retained earnings
8
0
Treasury stock
-7
-7
Other comprehensive income
4
0
Shareholders' equity
588
549
528
Total equity
588
549
528
Total liabilities and equity
4,816
5,987
Shares outstanding
78
79
Cash flow statement
FY2023
FY2025
FY2025
Net income
17
3
40
Depreciation and amortization
295
332
365
Stock-based compensation
3
4
4
Deferred income tax
4
0
11
Change in receivables
-84
-135
-206
Change in inventory
-114
-92
-50
Cash from operations
279
282
264
Acquisitions
0
-6
-48
Cash from investing
-614
-419
-980
Debt issued
1,595
2,436
2,357
Stock issued
44
0
0
Dividends paid
-5
-9
-37
Cash from financing
408
228
615
Net change in cash
73
91
-101
Interest paid
200
230
272
Income taxes paid
1
2
6
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $17.35 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
28.3%
Gross profit / revenue.
Operating margin
6.8%
Operating income / revenue.
EBITDA margin
15.1%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
1.2%
Pre-tax income / revenue.
Net margin
0.9%
Net income / revenue.
Operating cash flow margin
6.0%
Cash from operations / revenue.
Effective tax rate
25.9%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
7.4%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
0.7%
Net income / average total assets.
Return on invested capital (ROIC)
7.1%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue
21.5%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
0.1%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
8.3%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
16.3%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
31.0%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
36.2%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
20.4%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
1,233.0%
Net income vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-6.4%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-3.8%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
24.3%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
193.5%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.97x
Current assets / current liabilities.
Quick ratio
1.20x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.35x
(Cash + short-term investments) / current liabilities.
Debt / equity
6.20x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
54.7%
Total debt / total assets.
Liabilities / assets
85.2%
Total liabilities / total assets.
Net debt
$2.97B
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
4.48x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.01
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$0.01
Net income per basic share, as reported (split-adjusted).
Revenue per share
$19.38
Revenue / diluted weighted shares.
Operating cash flow per share
$1.17
Cash from operations / diluted weighted shares.
Book value per share
$6.68
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividends paid / net income, when net income is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$4.40B
Share price x shares outstanding.
Enterprise value
$7.36B
Market cap + total debt - cash - short-term investments.
P/E
110x
Market cap / net income. Only when net income is positive.
P/S
1.00x
Market cap / revenue.
P/B
8.33x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
8.85x
Market cap / tangible book value, when positive.
P/OCF
16.7x
Market cap / cash from operations, when positive.
EV/Sales
1.68x
Enterprise value / revenue.
EV/EBIT
24.8x
Enterprise value / operating income, when both are positive.
EV/EBITDA
11.1x
Enterprise value / EBITDA, when both are positive.
Earnings yield
0.9%
Net income / market cap (the inverse of P/E).
Dividend yield
0.8%
Dividends paid over the period / market cap.
Shareholder yield
0.8%
(Dividends paid + share buybacks) / market cap.
What was EquipmentShare.com Inc's revenue in fiscal 2025?
EquipmentShare.com Inc reported revenue of $4.38B for fiscal 2025, 16.3% higher than the year before.
Was EquipmentShare.com Inc profitable in fiscal 2025?
Yes. Net income was $40.0M, a net margin of 0.9%.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.