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EquipmentShare.com vs Upbound: revenue, profit, margins and growth compared

EquipmentShare.com brought in $4.4B of revenue in fiscal 2025, Upbound $4.7B in fiscal 2025. Revenue changed by +16.3% at EquipmentShare.com and +8.7% at Upbound on the year before, so EquipmentShare.com grew faster. EquipmentShare.com kept 0.9% of its revenue as net profit, Upbound 1.6%.

Side by side, latest fiscal year

EQPTUPBD
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.4B$4.7B
Revenue growth+16.3%+8.7%
Net income$40M$73.2M
Net margin0.9%1.6%
Free cash flown/a$238.7M
Free cash flow marginn/a5.1%
Earnings per share (diluted)$0.01$1.25
Cash$306M$120.5M
Debt$3.3B$1.1B
Price to earnings1735.012.9
Market value$4.4B$938M
Dividend yieldn/a9.70%
Rank by revenue in sector#222 of 778 · Consumer discretionary#211 of 778 · Consumer discretionary

Over the years

Revenue
EQPT FY2023: $2.6BEQPT FY2025: $3.8BEQPT FY2025: $4.4BUPBD FY2018: $2.7BUPBD FY2019: $2.7BUPBD FY2020: $2.8BUPBD FY2021: $4.6BUPBD FY2022: $4.2BUPBD FY2023: $4BUPBD FY2024: $4.3BUPBD FY2025: $4.7BFY18FY19FY20FY21FY22FY23FY24FY25
EQPT $4.4BUPBD $4.7B
Net income
EQPT FY2023: $17MEQPT FY2025: $3MEQPT FY2025: $40MUPBD FY2018: $8.5MUPBD FY2019: $173.5MUPBD FY2020: $208.1MUPBD FY2021: $134.9MUPBD FY2022: $12.4MUPBD FY2023: -$5.2MUPBD FY2024: $123.5MUPBD FY2025: $73.2MFY18FY19FY20FY21FY22FY23FY24FY25
EQPT $40MUPBD $73.2M
Net margin
EQPT FY2023: 0.7%EQPT FY2025: 0.1%EQPT FY2025: 0.9%UPBD FY2018: 0.3%UPBD FY2019: 6.5%UPBD FY2020: 7.4%UPBD FY2021: 2.9%UPBD FY2022: 0.3%UPBD FY2023: -0.1%UPBD FY2024: 2.9%UPBD FY2025: 1.6%FY18FY19FY20FY21FY22FY23FY24FY25
EQPT 0.9%UPBD 1.6%
Revenue growth
EQPT FY2025: +47.2%EQPT FY2025: +16.3%UPBD FY2019: +0.4%UPBD FY2020: +5.4%UPBD FY2021: +62.9%UPBD FY2022: -7.4%UPBD FY2023: -6.0%UPBD FY2024: +8.2%UPBD FY2025: +8.7%FY19FY20FY21FY22FY23FY24FY25
EQPT +16.3%UPBD +8.7%
Free cash flow
UPBD FY2018: $199.5MUPBD FY2019: $194.3MUPBD FY2020: $202MUPBD FY2021: $329.8MUPBD FY2022: $407.1MUPBD FY2023: $146.9MUPBD FY2024: $48.4MUPBD FY2025: $238.7MFY18FY19FY20FY21FY22FY23FY24FY25
EQPTUPBD $238.7M

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

Questions about EquipmentShare.com and Upbound

Which is bigger by revenue, EquipmentShare.com or Upbound?

Upbound is bigger by revenue: $4.7B in fiscal 2025, against $4.4B for EquipmentShare.com in fiscal 2025.

Which keeps more of its revenue as profit, EquipmentShare.com or Upbound?

EquipmentShare.com had a net margin of 0.9% in fiscal 2025; Upbound had 1.6% in fiscal 2025.

Which grew revenue faster, EquipmentShare.com or Upbound?

In their latest fiscal years revenue changed by +16.3% at EquipmentShare.com and +8.7% at Upbound.

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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