Filing Flows › Custom Truck One Source (CTOS) › Q3 2026
Custom Truck One Source (CTOS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 26, 2026
Custom Truck One Source (CTOS) reported revenue of $495M for the third quarter 2026 (Q3 2026), +3% from a year earlier and -12% from the quarter before. Operating margin was 7.7%, net earnings $2.3M (0.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $495M | -12% | +3% |
| Gross profit | $113M | -9% | +12% |
| Operating profit | $38.1M | -18% | +17% |
| Net earnings | $2.3M | -78% | — |
| Operating cash flow | $163M | +268% | +101% |
| Free cash flow | $151M | — | +128% |
What changed
Revenue was $495.2M in Q3 2026, up 3% year over year and down 12% from the previous quarter. Equipment Sales was the largest line at 63% of revenue. Rental added $24.4M year over year (up 20%), 185% of the total change. Parts sales and services declined 4%.
Gross margin was 22.9%, up 2.0 points from Q3 2025. Operating profit was $38.1M, a 7.7% margin (up 0.9 points year over year). Of the extra revenue versus Q3 2025, 41% reached operating profit, above the 7% margin then. Operating expenses grew 10% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+42%). Net earnings were $2.3M. The effective tax rate was -63.8%.
Operating cash flow was $163.5M (up 101% year over year), 7092% of net earnings. Non-cash charges added back $69.0M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items added $88.9M. Capital expenditures of $12.5M left free cash flow of $150.9M.
Questions
What was Custom Truck One Source's revenue in the third quarter 2026?
Custom Truck One Source (CTOS) reported revenue of $495M for the third quarter 2026 (Q3 2026), +3% from a year earlier and -12% from the quarter before.
Was Custom Truck One Source profitable in the third quarter 2026?
Operating profit was $38.1M (7.7% of revenue) and net earnings $2.3M.