Filing Flows › Custom Truck One Source (CTOS) › Q3 2026 › vs Q3 2025
Custom Truck One Source (CTOS) Q3 2026 vs Q3 2025 (year over year)
Custom Truck One Source's revenue rose $13.2M (+3%) from $482M in Q3 2025 to $495M in Q3 2026. The biggest changes: Total rental revenue +$25.6M (+20%); Total sales and services −$12.4M (-3%). Gross margin 22.9% against 20.9% (+2.0 pts).
Custom Truck One Source, Q3 2026: revenue $495M (+3% year over year), operating margin 7.7%, net earnings $2.3M, operating cash flow $163M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 22.9% | 20.9% | +2.0 pts |
| Operating margin | 7.7% | 6.8% | +0.9 pts |
| Net margin | 0.5% | -1.2% | +1.7 pts |
| Free cash flow margin | 30.5% | 13.8% | +16.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Equipment Sales | $310M | $321M | −$11.0M | -3% |
| Rental | $145M | $120M | $24.4M | +20% |
| Parts sales and services | $32.9M | $34.3M | −$1.4M | -4% |
| Shipping and handling | $8.1M | $6.9M | $1.2M | +17% |
| Total sales and services | $343M | $355M | −$12.4M | -3% |
| Total rental revenue | $153M | $127M | $25.6M | +20% |
| Revenue | $495M | $482M | $13.2M | +3% |
| Gross profit | $113M | $101M | $12.5M | +12% |
| Cost of revenue | $382M | $381M | $639K | +0.2% |
| Operating profit | $38.1M | $32.6M | $5.5M | +17% |
| Operating expenses | $75.2M | $68.1M | $7.1M | +10% |
| Pre-tax earnings | $1.4M | −$6.7M | $8.2M | — |
| Other expense, net | $36.7M | $39.4M | −$2.7M | -7% |
| SG&A | $56.4M | $54.9M | $1.5M | +3% |
| Other operating costs | $18.8M | $13.3M | $5.6M | +42% |
| Income tax benefit | $898K | $988K | −$90K | -9% |
| Net earnings | $2.3M | −$5.8M | $8.1M | — |
| Depreciation & amortization | $69.0M | $66.8M | $2.2M | +3% |
| Share-based compensation | $3.3M | $2.1M | $1.2M | +57% |
| Working capital & other | $88.9M | $18.3M | $70.6M | +386% |
| Operating cash flow | $163M | $81.5M | $82.0M | +101% |
| Free cash flow (OCF − capex) | $151M | $66.3M | $84.6M | +128% |
| Capital expenditures | $12.5M | $15.1M | −$2.6M | -17% |
Questions
How much did Custom Truck One Source's revenue grow year over year in Q3 2026?
Custom Truck One Source's revenue rose $13.2M (+3%) from $482M in Q3 2025 to $495M in Q3 2026.
What drove Custom Truck One Source's revenue change in Q3 2026?
Total rental revenue +$25.6M (+20%); Total sales and services −$12.4M (-3%).