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Alta Equipment Group Inc logo

Alta Equipment Group Inc

altg.com

What Do They Do?

Sells new and used material-handling and construction equipment to contractors and commercial businesses, and also rents equipment and provides parts and service support.

How Do They Make Money?

Equipment sales are the largest business: customers generally pay when equipment is delivered or picked up. Parts are paid for at pickup or shipment; periodic service when completed, maintenance contracts over time, and rentals by the day, week, or month.

revenue
SegmentShareRevenue
New and Used Equipment Sales
Sold outright

54%
FY2022: 52%
Parts Sales
Sold outright

16%
FY2022: 15%
Service Revenue
14%
FY2022: 13%
Rental Revenue
Recurring

9.8%
FY2022: 11%
Rental Equipment Sales
Sold outright
5.9%
FY2022: 8.5%

Who Are Their Customers?

Customers range from small, single-machine owners and contractors to multinational commercial companies in manufacturing, distribution, construction, and other end markets. Alta sells through its branch network, with salespeople calling on customers’ job sites and facilities.

Do Revenues Turn Into Profits?

Not on paper. It lost $80.3M in FY2025, but brought in more cash than it spent: $23.8M of free cash flow.

Operating income, FY2025
1% of revenue
▲ +25% vs FY2024 ($18.6M, 1%)
Net income, FY2025
−4% of revenue
▲ +29% (Loss) vs FY2024 (−$62.1M, −3%)
Free cash flow, FY2025
1% of revenue
▼ −43% vs FY2024 ($41.6M, 2%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −1%
vs $481.2M in Q2 FY2025
Net income
▲ +23% (Loss)
vs −$6.1M in Q2 FY2025
New and Used Equipment Sales share of revenue vs 55.2% in Q2 FY2025
  • Aug 6, 2026 Alta tightens its 2026 adjusted EBITDA guidance The company now expects adjusted EBITDA of $167.5 million to $177.5 million for fiscal 2026.

Growing. Revenue grew 51% in 4 years, from $1.2B in FY2021 to $1.8B in FY2025, about 11% a year.

Revenue over time
New and Used Equipment Sales Parts Sales Service Revenue Rental Revenue Rental Equipment Sales
$2B$1B$0

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