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Custom Truck One Source vs United Rentals: revenue, profit, margins and growth compared

Custom Truck One Source brought in $1.9B of revenue in fiscal 2025, United Rentals $16.1B in fiscal 2025. Revenue changed by +7.9% at Custom Truck One Source and +4.9% at United Rentals on the year before, so Custom Truck One Source grew faster. Custom Truck One Source kept -1.6% of its revenue as net profit, United Rentals 15.5%.

Side by side, latest fiscal year

CTOSURI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.9B$16.1B
Revenue growth+7.9%+4.9%
Net income-$31.1M$2.5B
Net margin-1.6%15.5%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)-$0.14$38.61
Cash$6.3M$459M
Debt$1.6B$14.3B
Price to earningsn/a27.1
Market value$2.1B$65.2B
Dividend yieldn/a0.68%
Rank by revenue in sector#359 of 778 · Consumer discretionary#76 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: $1.9BURI FY2018: $8BURI FY2019: $9.4BURI FY2020: $8.5BURI FY2021: $9.7BURI FY2022: $11.6BURI FY2023: $14.3BURI FY2024: $15.3BURI FY2025: $16.1BFY18FY19FY20FY21FY22FY23FY24FY25
CTOS $1.9BURI $16.1B
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: -$31.1MURI FY2018: $1.1BURI FY2019: $1.2BURI FY2020: $890MURI FY2021: $1.4BURI FY2022: $2.1BURI FY2023: $2.4BURI FY2024: $2.6BURI FY2025: $2.5BFY18FY19FY20FY21FY22FY23FY24FY25
CTOS -$31.1MURI $2.5B
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%URI FY2018: 13.6%URI FY2019: 12.6%URI FY2020: 10.4%URI FY2021: 14.3%URI FY2022: 18.1%URI FY2023: 16.9%URI FY2024: 16.8%URI FY2025: 15.5%FY18FY19FY20FY21FY22FY23FY24FY25
CTOS -1.6%URI 15.5%
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%URI FY2019: +16.2%URI FY2020: -8.8%URI FY2021: +13.9%URI FY2022: +19.8%URI FY2023: +23.1%URI FY2024: +7.1%URI FY2025: +4.9%FY19FY20FY21FY22FY23FY24FY25
CTOS +7.9%URI +4.9%
Free cash flow
URI FY2018: $2.7BURI FY2019: $2.8BURI FY2020: $2.5BURI FY2021: $491MURI FY2022: $743MURI FY2023: $840MURI FY2024: $416MFY18FY19FY20FY21FY22FY23FY24
CTOSURI $416M

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

Questions about Custom Truck One Source and United Rentals

Which is bigger by revenue, Custom Truck One Source or United Rentals?

United Rentals is bigger by revenue: $16.1B 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 United Rentals?

Custom Truck One Source had a net margin of -1.6% in fiscal 2025; United Rentals had 15.5% in fiscal 2025.

Which grew revenue faster, Custom Truck One Source or United Rentals?

In their latest fiscal years revenue changed by +7.9% at Custom Truck One Source and +4.9% at United Rentals.

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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