Custom Truck One Source, Inc. - Understand $ctos stock

$CTOS Market Cap: $1.338 Billion

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Financial Snapshot

Revenue

$1.803B

TTM

Gross Margin

22.0%

TTM

Net Earnings

-$40.11M

TTM

Current Assets

$1.411B

Q3 2024

Current Liabilities

$1.098B

Q3 2024

Current Ratio

128.45%

Q3 2024

Total Assets

$3.580B

Q3 2024

Total Liabilities

$2.742B

Q3 2024

Book Value

$837.5M

Q3 2024

Cash

$8.438M

Q3 2024

P/E

-33.35

Nov 29, 2024 EST

Free Cash Flow

-$341.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$1.865B	$1.573B	$1.167B	$302.7M	$264.0M	$246.3M	$203.8M
YoY Change	18.56%	34.78%	285.53%	14.66%	7.2%	20.87%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$1.865B	$1.573B	$1.167B	$302.7M	$264.0M	$246.3M	$203.8M
Cost Of Revenue	$1.411B	$1.189B	$957.1M	$226.3M	$177.5M	$164.7M	$146.0M
Gross Profit	$454.3M	$383.7M	$210.0M	$76.44M	$86.55M	$81.62M	$57.75M
Gross Profit Margin	24.36%	24.39%	17.99%	25.25%	32.78%	33.14%	28.34%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017
Selling, General & Admin	$225.0M	$210.9M	$155.8M	$46.41M	$37.28M	$32.72M	$27.56M
YoY Change	6.7%	35.36%	235.67%	24.47%	13.96%	18.74%
% of Gross Profit	49.53%	54.95%	74.18%	60.71%	43.08%	40.09%	47.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$219.0M	$223.5M	$209.1M	$84.89M	$76.77M	$64.31M	$62.08M
YoY Change	-2.01%	6.89%	146.29%	10.57%	19.37%	3.59%
% of Gross Profit	48.21%	58.24%	99.55%	111.05%	88.7%	78.8%	107.51%
Operating Expenses	$269.2M	$280.4M	$252.0M	$59.20M	$50.53M	$38.45M	$34.26M
YoY Change	-4.02%	11.29%	325.68%	17.15%	31.4%	12.25%
Operating Profit	$185.1M	$103.3M	-$41.97M	$17.25M	$36.02M	$43.16M	$23.49M
YoY Change	79.16%	-346.16%	-343.32%	-52.11%	-16.56%	83.77%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017
Interest Expense	-$131.3M	-$88.91M	-$72.84M	-$63.20M	-$63.36M	-$56.70M	-$53.71M
YoY Change	47.7%	22.05%	15.26%	-0.25%	11.75%	5.56%
% of Operating Profit	-70.95%	-86.06%		-366.42%	-175.91%	-131.35%	-228.67%
Other Income/Expense, Net	$18.44M	-$56.58M	-$135.1M	-$68.60M	-$69.06M	-$56.99M	-$54.08M
YoY Change	-132.6%	-58.13%	96.95%	-0.66%	21.18%	5.38%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017
Pretax Income	$58.08M	$46.73M	-$177.1M	-$51.35M	-$33.04M	-$13.82M	-$30.59M
YoY Change	24.27%	-126.39%	244.83%	55.43%	139.04%	-54.82%
Income Tax	$7.364M	$7.827M	$4.400M	-$30.07M	-$5.986M	$1.705M	-$3.500M
% Of Pretax Income	12.68%	16.75%
Net Earnings	$50.71M	$38.91M	-$181.5M	-$21.28M	-$27.05M	-$15.53M	-$27.10M
YoY Change	30.35%	-121.44%	753.04%	-21.35%	74.24%	-42.7%
Net Earnings / Revenue	2.72%	2.47%	-15.55%	-7.03%	-10.25%	-6.3%	-13.3%
Basic Earnings Per Share	$0.21	$0.16	-$0.75	-$0.43	-$0.82
Diluted Earnings Per Share	$0.21	$0.16	-$0.75	-$0.43	-$0.82	$437.0K	-$76.92K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017
Cash & Short-Term Investments	$10.31M	$14.36M	$35.90M	$3.400M	$6.300M	$500.0K	$500.0K
YoY Change	-28.21%	-60.0%	955.94%	-46.03%	1160.0%	0.0%
Cash & Equivalents	$10.31M
Short-Term Investments
Other Short-Term Assets	$23.86M	$25.78M	$13.22M	$7.500M	$5.200M	$0.00	$100.0K
YoY Change	-7.45%	95.08%	76.23%	44.23%		-100.0%
Inventory	$985.8M	$596.7M	$410.5M	$31.40M	$33.00M
Prepaid Expenses
Receivables	$215.1M	$193.1M	$168.4M	$60.90M	$71.30M
Other Receivables	$30.85M	$38.27M	$28.65M	$0.00	$0.00
Total Short-Term Assets	$1.266B	$868.2M	$656.7M	$103.2M	$115.8M	$500.0K	$600.0K
YoY Change	45.8%	32.21%	536.34%	-10.88%	23060.0%	-16.67%
Property, Plant & Equipment	$1.097B	$1.035B	$979.0M	$342.1M	$390.0M
YoY Change	6.01%	5.73%	186.16%	-12.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.572M	$2.060M	$0.00	$17.00M		$407.7M	$402.5M
YoY Change	-23.69%		-100.0%			1.29%
Total Long-Term Assets	$2.102B	$2.070B	$2.027B	$665.2M	$699.5M	$407.7M	$402.5M
YoY Change	1.54%	2.12%	204.73%	-4.9%	71.57%	1.29%
Total Assets	$3.368B	$2.938B	$2.684B	$768.4M	$815.3M	$408.2M	$403.1M
YoY Change
Accounts Payable	$370.9M	$223.9M	$163.8M	$31.80M	$41.20M	$100.0K	$200.0K
YoY Change	65.64%	36.65%	415.21%	-22.82%	41100.0%	-50.0%
Accrued Expenses	$73.96M	$67.55M	$59.05M	$32.00M	$27.60M
YoY Change	9.49%	14.39%	84.53%	15.94%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$8.257M	$8.736M	$10.39M	$6.600M	$6.700M
YoY Change	-5.48%	-15.94%	57.45%	-1.49%
Total Short-Term Liabilities	$897.4M	$634.9M	$440.6M	$71.40M	$77.80M	$100.0K	$200.0K
YoY Change	41.35%	44.1%	517.06%	-8.23%	77700.0%	-50.0%
Long-Term Debt	$1.487B	$1.358B	$1.313B	$721.1M	$735.7M	$0.00	$0.00
YoY Change	9.51%	3.4%	82.13%	-1.98%
Other Long-Term Liabilities	$32.71M	$27.83M	$55.68M	$7.000M	$1.700M	$14.10M	$14.10M
YoY Change	17.54%	-50.01%	695.4%	311.76%	-87.94%	0.0%
Total Long-Term Liabilities	$1.520B	$1.386B	$1.369B	$728.1M	$737.4M	$14.10M	$14.10M
YoY Change	9.67%	1.22%	88.03%	-1.26%	5129.79%	0.0%
Total Liabilities	$2.451B	$2.050B	$1.825B	$799.5M	$827.4M	$14.20M	$14.30M
YoY Change	19.55%	12.3%	128.3%	-3.37%	5726.76%	-0.7%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding	245.1M shares	247.2M shares	241.4M shares	49.06M shares	33.07M shares
Diluted Shares Outstanding	245.7M shares	247.7M shares	241.4M shares	49.06M shares	33.07M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.3376 Billion

About Custom Truck One Source, Inc.

Custom Truck One Source, Inc. engages in the sale and rental of truck and heavy equipment. The company is headquartered in Kansas City, Missouri and currently employs 2,580 full-time employees. The company went IPO on 2017-10-06. The firm offers its specialized equipment to a diverse customer base for the maintenance, repair, upgrade and installation of critical infrastructure assets. Its segments include Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS). ERS segment owns a range of new and used specialty equipment, including truck-mounted aerial lifts, cranes, service trucks, dump trucks, trailers, digger derricks and other machinery and equipment. TES segment offers a variety of new equipment for sale to be used across its end-markets. APS segment includes the sale of specialized aftermarket parts, including captive parts related to its Load King brand, used in the maintenance and repair of the equipment the Company sells and rents.

Industry: Services-Equipment Rental & Leasing, NEC Peers: BOISE CASCADE Co FASTENAL CO FTAI Aviation Ltd. GLOBAL INDUSTRIAL Co GMS Inc. HERC HOLDINGS INC MCGRATH RENTCORP DNOW Inc. RUSH ENTERPRISES INC \TX\ Veritiv Corp