← BackCustom Truck One Source, Inc. · Equipment Rental & Leasing, NECCTOS
Moderate riskNext report: Around Mar 9, 2027 (est.)
The short versionA company still losing money with steady sales. Institutions are adding.
Going well
- Buying back shares: share count down 8.4% in 3 years
Watch out for
- Losing money
- High debt: 2.03x equity
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 2% to their holdings in the quarter ending June 2026 (109 bought, 76 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$9.02-0.3% that day
- Company value
- $2.0B
- Share price times all shares
- Price vs profit (P/E)
- 69.4x
- You pay about $69 for each $1 of yearly profit
- Price vs sales
- 1.0x
- Company value is 1.0 times a year of sales
- Cash vs value
- 1%
- Cash as a share of company value
- Debt vs value
- 80%
- Debt as a share of company value
From CTOS's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Sep '26$495.2M+2.7% vs a year earlier
Dec '23Tap a barSep '26
Last 12 months: $2.0B, up 5.8% from the 12 months before. Over 5 years, sales grew about 45% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.-3.7%
- MissDebt under half of equityNot relying on borrowed money.2.03x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-1.6%
- MissProfitable every yearSteady profits, not one good year.2 of 9 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$310.1M
- PassShare count not growingNot diluting owners. Falling means buybacks.-8.4% in 3 years
- MissGross margin 40%+Pricing power: sells for well above what it costs to make.21.2%
- Revenue
- $1.9B
- +7.9% vs prior year
- 5-year growth
- +45.1%/yr
- revenue, per year
- Total debt
- $1.6B
- 2.03x equity
- Current ratio
- 1.33x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Sep 30, 2026Reported Oct 26After close4:13 pm ET - Revenue
- $495.2M
- +2.7% YoY
- EPS
- $0.01
- vs -$0.03
- Op. margin
- 7.7%
- +0.9 pts
- Gross margin
- 22.9%
- +2.0 pts
- Free cash flow
- $163.5M
- Share count
- +1.5%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
80/ 100
- This week
- 2
- Normal week
- 0.5
- vs normal
- 4.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+2.0%Institutions added 2.0% to their holdings. 109 bought, 76 sold. 3 quarters of net buying in a row.
Shares held by institutions223.4M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-2.2%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
2.0x · $1.7B debtShares outstandingLatest reported
227MWhy moderate risk- Losing money
- High debt: 2.01x equity
Next reportAround Mar 9, 2027 (est.)Estimated from the same quarter last year
- Results filedOct 26
- Results filedAug 3
- Results filedApr 27
- Results filedMar 10
- Results filedOct 27, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Option exerciseJoe P. RossPresident - Sales
75,000 shares
- +22% of holdings
- Now owns 411,281 shares
- Filed 2 days after trade
- Also: Stock award, Shares withheld for taxes
Option exerciseFredrick M. Jr. RossDirector
131,250 shares
- +29% of holdings
- Now owns 579,629 shares
- Filed 2 days after trade
- Also: Stock award, Shares withheld for taxes
Option exerciseThomas R. RichPresident - Rentals
75,000 shares
- +24% of holdings
- Now owns 386,173 shares
- Filed 2 days after trade
- Also: Stock award, Shares withheld for taxes
Option exercisePaul M JolasEVP, General Counsel & Sec.
50,625 shares
- +100% of holdings
- Now owns 101,083 shares
- Filed 2 days after trade
- Also: Stock award, Shares withheld for taxes