CTOS Sees FY26 Adjusted EBITDA of $410M-$435M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16 hours ago
0mins
Should l Buy CTOS?
Sees FY26 adjusted EBITDA $410M-$435M. "Looking ahead, our focus in 2026 is on disciplined execution - translating strong end-market demand into profitable growth, free cash flow generation, and further balance sheet improvement. With a younger, highly utilized fleet and improving working capital dynamics, we believe CTOS is positioned to drive higher returns on invested capital while maintaining financial flexibility as we invest selectively to support our customers' long-term needs, and to translate that into meaningful free cash flow generation," said Ryan McMonagle, CEO of CTOS.
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Analyst Views on CTOS
Wall Street analysts forecast CTOS stock price to rise
2 Analyst Rating
1 Buy
0 Hold
1 Sell
Hold
Current: 6.380
Low
6.50
Averages
7.25
High
8.00
Current: 6.380
Low
6.50
Averages
7.25
High
8.00
About CTOS
Custom Truck One Source, Inc. is a provider of specialty equipment, parts, tools, accessories and services to the electric utility transmission and distribution, telecommunications and rail markets in North America. The Company’s segments include Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES)and Aftermarket Parts and Services. The 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. The TES segment consists of the production and sale of new and used specialty equipment and vocational trucks, which includes equipment from original equipment manufacturers (OEMs) across its end-markets, as well as its Load King brand. The 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 it sells and rents.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Custom Truck One Source Reports Record Revenue and EBITDA for 2025
- Record Financial Performance: Custom Truck One Source achieved $528 million in revenue and $121 million in adjusted EBITDA for Q4 2025, with full-year revenue reaching $1.944 billion, an 8% increase, indicating strong market demand and growth potential.
- Strong Rental Business: The average rental fleet utilization was nearly 84% in Q4, marking a near three-year high, with total rental assets at $1.4 billion, up 14% year-over-year, demonstrating the company's sustained competitiveness in the rental market.
- Strategic Partnership: The company announced a strategic partnership with Hiab aimed at broadening its product portfolio and supporting long-term growth, while also planning to expand aftermarket service capacity to enhance parts and service revenue, further solidifying its market position.
- Optimistic 2026 Outlook: Management provided guidance for 2026 revenue in the range of $2.005 billion to $2.12 billion and adjusted EBITDA between $410 million and $435 million, reflecting confidence in sustained strong market demand, particularly in the transmission and distribution sectors.
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Custom Truck Reports Record Q4 2025 Revenue Amid Challenges
- Record Quarterly Revenue: Custom Truck One Source Inc achieved a record revenue of $528 million in Q4 2025, driven by strong execution and momentum in core markets, showcasing the company's competitive position in the industry.
- Strong Rental Business: The rental business reported a utilization rate of nearly 84%, the highest in almost three years, indicating the company's capability to meet customer demands and is expected to drive future revenue growth.
- Growing Order Backlog: The company ended 2025 with a strong order backlog of $335 million, up 20% from Q3, and further increased to $370 million in early 2026, reflecting sustained market demand.
- Strategic Partnership: A strategic partnership with Hab is expected to enhance service capabilities and support long-term growth, although the TES segment underperformed in Q4 with an 8% year-over-year revenue decline.
See More
Custom Truck One Source Inc RSI Analysis
- Low RSI Indicator: Custom Truck One Source Inc's relative strength index (RSI) has dropped to 23.9, significantly below the average RSI of 57.5 for energy stocks, indicating potential overselling and presenting buying opportunities for investors.
- Price Fluctuation Range: The company's 52-week low is $3.18, with a high of $7.75, and the current trading price is $5.78, reflecting a decline of approximately 9.4% on the day, which indicates market caution regarding its future performance.
- Market Comparison Analysis: Compared to WTI crude oil's RSI of 70.4 and Henry Hub natural gas's RSI of 41.6, CTOS's significantly lower RSI suggests relative weakness in the current market environment, potentially attracting investors looking for rebounds.
- Investor Sentiment Shift: Despite the current price drop, investors may view CTOS's low RSI as a signal that selling pressure is nearing exhaustion, prompting them to seek entry points, which could drive future buying activity.
See More
Custom Truck (CTOS) Earnings Call Transcript
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Custom Truck One Reports Q4 2024 Earnings with Mixed Results
- Earnings Performance: Custom Truck One reported a GAAP EPS of $0.09 for Q4 2024, beating expectations by $0.02, indicating stability in profitability.
- Revenue Situation: The quarterly revenue of $528.18M, while showing a 1.4% year-over-year increase, fell short of expectations by $56.58M, reflecting challenges in market demand.
- Adjusted EBITDA Growth: The quarterly adjusted EBITDA reached $120.7M, an increase of $18.7M or 18.4% compared to the previous year, demonstrating improvements in cost control and operational efficiency.
- Order Backlog and Outlook: The sales order backlog at year-end stood at $335.3M, up $55.5M sequentially, indicating future growth potential, while the 2026 revenue outlook ranges from $2,005M to $2,120M, slightly below market consensus.
See More
Custom Truck One Source to Release Q4 and Full-Year 2025 Financial Results
- Earnings Release Schedule: Custom Truck One Source will announce its Q4 and full-year 2025 financial results before the market opens on March 10, 2026, reflecting the company's commitment to transparency and investor confidence.
- Conference Call Details: Management will discuss the financial results during a conference call at 9:00 AM ET on the same day, providing multiple listening options, including dialing 1-800-715-9871, ensuring timely access to critical information for investors.
- Webcast Availability: An audio-only webcast of the conference call will be available on the company's 'Events & Presentations' page, enhancing information accessibility and transparency for stakeholders.
- Company Overview: Custom Truck One Source is one of the largest providers of specialty equipment and services in North America, with a rental fleet of over 10,400 units supporting critical infrastructure maintenance in the electric utility, telecommunications, and rail markets, showcasing its industry leadership.
See More
Custom Truck One Source Reports Record Revenue and EBITDA for 2025
- Record Financial Performance: Custom Truck One Source achieved $528 million in revenue and $121 million in adjusted EBITDA for Q4 2025, with full-year revenue reaching $1.944 billion, an 8% increase, indicating strong market demand and growth potential.
- Strong Rental Business: The average rental fleet utilization was nearly 84% in Q4, marking a near three-year high, with total rental assets at $1.4 billion, up 14% year-over-year, demonstrating the company's sustained competitiveness in the rental market.
- Strategic Partnership: The company announced a strategic partnership with Hiab aimed at broadening its product portfolio and supporting long-term growth, while also planning to expand aftermarket service capacity to enhance parts and service revenue, further solidifying its market position.
- Optimistic 2026 Outlook: Management provided guidance for 2026 revenue in the range of $2.005 billion to $2.12 billion and adjusted EBITDA between $410 million and $435 million, reflecting confidence in sustained strong market demand, particularly in the transmission and distribution sectors.
See More
Custom Truck Reports Record Q4 2025 Revenue Amid Challenges
- Record Quarterly Revenue: Custom Truck One Source Inc achieved a record revenue of $528 million in Q4 2025, driven by strong execution and momentum in core markets, showcasing the company's competitive position in the industry.
- Strong Rental Business: The rental business reported a utilization rate of nearly 84%, the highest in almost three years, indicating the company's capability to meet customer demands and is expected to drive future revenue growth.
- Growing Order Backlog: The company ended 2025 with a strong order backlog of $335 million, up 20% from Q3, and further increased to $370 million in early 2026, reflecting sustained market demand.
- Strategic Partnership: A strategic partnership with Hab is expected to enhance service capabilities and support long-term growth, although the TES segment underperformed in Q4 with an 8% year-over-year revenue decline.
See More
Custom Truck One Source Inc RSI Analysis
- Low RSI Indicator: Custom Truck One Source Inc's relative strength index (RSI) has dropped to 23.9, significantly below the average RSI of 57.5 for energy stocks, indicating potential overselling and presenting buying opportunities for investors.
- Price Fluctuation Range: The company's 52-week low is $3.18, with a high of $7.75, and the current trading price is $5.78, reflecting a decline of approximately 9.4% on the day, which indicates market caution regarding its future performance.
- Market Comparison Analysis: Compared to WTI crude oil's RSI of 70.4 and Henry Hub natural gas's RSI of 41.6, CTOS's significantly lower RSI suggests relative weakness in the current market environment, potentially attracting investors looking for rebounds.
- Investor Sentiment Shift: Despite the current price drop, investors may view CTOS's low RSI as a signal that selling pressure is nearing exhaustion, prompting them to seek entry points, which could drive future buying activity.
See More
Custom Truck (CTOS) Earnings Call Transcript
See More
Custom Truck One Reports Q4 2024 Earnings with Mixed Results
- Earnings Performance: Custom Truck One reported a GAAP EPS of $0.09 for Q4 2024, beating expectations by $0.02, indicating stability in profitability.
- Revenue Situation: The quarterly revenue of $528.18M, while showing a 1.4% year-over-year increase, fell short of expectations by $56.58M, reflecting challenges in market demand.
- Adjusted EBITDA Growth: The quarterly adjusted EBITDA reached $120.7M, an increase of $18.7M or 18.4% compared to the previous year, demonstrating improvements in cost control and operational efficiency.
- Order Backlog and Outlook: The sales order backlog at year-end stood at $335.3M, up $55.5M sequentially, indicating future growth potential, while the 2026 revenue outlook ranges from $2,005M to $2,120M, slightly below market consensus.
See More
Custom Truck One Source to Release Q4 and Full-Year 2025 Financial Results
- Earnings Release Schedule: Custom Truck One Source will announce its Q4 and full-year 2025 financial results before the market opens on March 10, 2026, reflecting the company's commitment to transparency and investor confidence.
- Conference Call Details: Management will discuss the financial results during a conference call at 9:00 AM ET on the same day, providing multiple listening options, including dialing 1-800-715-9871, ensuring timely access to critical information for investors.
- Webcast Availability: An audio-only webcast of the conference call will be available on the company's 'Events & Presentations' page, enhancing information accessibility and transparency for stakeholders.
- Company Overview: Custom Truck One Source is one of the largest providers of specialty equipment and services in North America, with a rental fleet of over 10,400 units supporting critical infrastructure maintenance in the electric utility, telecommunications, and rail markets, showcasing its industry leadership.
See More
