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Custom Truck One Source vs EquipmentShare.com: revenue, profit, margins and growth compared

Custom Truck One Source brought in $1.9B of revenue in fiscal 2025, EquipmentShare.com $4.4B in fiscal 2025. Revenue changed by +7.9% at Custom Truck One Source and +16.3% at EquipmentShare.com on the year before, so EquipmentShare.com grew faster. Custom Truck One Source kept -1.6% of its revenue as net profit, EquipmentShare.com 0.9%.

Side by side, latest fiscal year

CTOSEQPT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.9B$4.4B
Revenue growth+7.9%+16.3%
Net income-$31.1M$40M
Net margin-1.6%0.9%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)-$0.14$0.01
Cash$6.3M$306M
Debt$1.6B$3.3B
Price to earningsn/a1735.0
Market value$2.1B$4.4B
Dividend yieldn/an/a
Rank by revenue in sector#359 of 778 · Consumer discretionary#222 of 778 · Consumer discretionary

Over the years

Revenue
CTOS FY2018: $246.3MCTOS FY2019: $264MCTOS FY2020: $302.7MCTOS FY2021: $1.2BCTOS FY2022: $1.6BCTOS FY2023: $1.9BCTOS FY2024: $1.8BCTOS FY2025: $1.9BEQPT FY2023: $2.6BEQPT FY2025: $3.8BEQPT FY2025: $4.4BFY18FY19FY20FY21FY22FY23FY24FY25
CTOS $1.9BEQPT $4.4B
Net income
CTOS FY2018: -$15.5MCTOS FY2019: -$27.1MCTOS FY2020: -$21.3MCTOS FY2021: -$181.5MCTOS FY2022: $38.9MCTOS FY2023: $50.7MCTOS FY2024: -$28.7MCTOS FY2025: -$31.1MEQPT FY2023: $17MEQPT FY2025: $3MEQPT FY2025: $40MFY18FY19FY20FY21FY22FY23FY24FY25
CTOS -$31.1MEQPT $40M
Net margin
CTOS FY2018: -6.3%CTOS FY2019: -10.2%CTOS FY2020: -7.0%CTOS FY2021: -15.6%CTOS FY2022: 2.5%CTOS FY2023: 2.7%CTOS FY2024: -1.6%CTOS FY2025: -1.6%EQPT FY2023: 0.7%EQPT FY2025: 0.1%EQPT FY2025: 0.9%FY18FY19FY20FY21FY22FY23FY24FY25
CTOS -1.6%EQPT 0.9%
Revenue growth
CTOS FY2019: +7.2%CTOS FY2020: +14.7%CTOS FY2021: +285.5%CTOS FY2022: +34.8%CTOS FY2023: +18.6%CTOS FY2024: -3.4%CTOS FY2025: +7.9%EQPT FY2025: +47.2%EQPT FY2025: +16.3%FY19FY20FY21FY22FY23FY24FY25
CTOS +7.9%EQPT +16.3%

Fiscal years as each company reports them; the two may end in different months.

Questions about Custom Truck One Source and EquipmentShare.com

Which is bigger by revenue, Custom Truck One Source or EquipmentShare.com?

EquipmentShare.com is bigger by revenue: $4.4B in fiscal 2025, against $1.9B for Custom Truck One Source in fiscal 2025.

Which keeps more of its revenue as profit, Custom Truck One Source or EquipmentShare.com?

Custom Truck One Source had a net margin of -1.6% in fiscal 2025; EquipmentShare.com had 0.9% in fiscal 2025.

Which grew revenue faster, Custom Truck One Source or EquipmentShare.com?

In their latest fiscal years revenue changed by +7.9% at Custom Truck One Source and +16.3% at EquipmentShare.com.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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