Filing Flows › Custom Truck One Source (CTOS) › How it makes money
How Custom Truck One Source (CTOS) makes money
Custom Truck One Source (CTOS) made $495M of revenue in the third quarter 2026 (Q3 2026), +3% from a year earlier. Total sales and services brought in $343M (69%); Total rental revenue brought in $153M (31%). Of every dollar of revenue, 23¢ was left as gross profit, 8¢ was left as operating profit, 0¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Total sales and services | $343M | 69.2% | — | -3% |
| ↳ Equipment Sales | $310M | 62.5% | — | -3% |
| ↳ Parts sales and services | $32.9M | 6.6% | — | -4% |
| Total rental revenue | $153M | 30.8% | — | +20% |
| ↳ Rental | $145M | 29.2% | — | +20% |
| ↳ Shipping and handling | $8.1M | 1.6% | — | +17% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $495M | 100.0% |
| Cost of revenue | $382M | 77.1% |
| Gross profit | $113M | 22.9% |
| Operating expenses | $75.2M | 15.2% |
| Operating profit | $38.1M | 7.7% |
| Net earnings | $2.3M | 0.5% |
| Operating cash flow | $163M | 33.0% |
| Free cash flow | $151M | 30.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $495M | +3% |
| Q2 2026 | $563M | +10% |
| Q1 2026 | $462M | +9% |
| Q4 2025 | $528M | +1% |
| Q3 2025 | $482M | +8% |
| Q2 2025 | $511M | +21% |
| Q1 2025 | $422M | +3% |
From Custom Truck One Source's 10-Q filed Oct 26, 2026 (on EDGAR).
Questions
How does Custom Truck One Source make money?
Custom Truck One Source (CTOS) made $495M of revenue in the third quarter 2026 (Q3 2026), +3% from a year earlier. Total sales and services brought in $343M (69%); Total rental revenue brought in $153M (31%). Of every dollar of revenue, 23¢ was left as gross profit, 8¢ was left as operating profit, 0¢ was left as net earnings.
What is Custom Truck One Source's biggest business?
Total sales and services: $343M in the third quarter 2026, 69% of revenue, -3% from a year earlier.
What is Custom Truck One Source's profit margin?
Net earnings were $2.3M, 0.5% of revenue, in the third quarter 2026; the operating margin was 7.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.