Filing Flows › Sunbelt Rentals Holdings (SUNB) › Q1 FY27 › vs Q1 FY26
Sunbelt Rentals Holdings (SUNB) Q1 FY27 vs Q1 FY26 (year over year)
Sunbelt Rentals Holdings's revenue rose $314M (+11%) from $2.8B in Q1 FY26 to $3.1B in Q1 FY27. The biggest changes: Equipment rentals +$326M (+13%); Sales of rental equipment −$18.0M (-17%); Sales of new equipment, merchandise and consumables +$6.0M (+6%). Gross margin 40.1% against 40.1% (+0.0 pts).
Sunbelt Rentals Holdings, Q1 FY27: revenue $3.1B (+11% year over year), operating margin 22.2%, net earnings $438M, operating cash flow $840M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 40.1% | 40.1% | +0.0 pts |
| Operating margin | 22.2% | 21.3% | +0.9 pts |
| Net margin | 14.1% | 13.3% | +0.7 pts |
| Free cash flow margin | 2.2% | 16.7% | -14.5 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Equipment rentals | $2.3B | $2.1B | $219M | +10% |
| Other | $351M | $271M | $80.0M | +30% |
| Delivery and pick-up | $257M | $230M | $27.0M | +12% |
| Equipment rentals | $2.9B | $2.6B | $326M | +13% |
| Sales of new equipment, merchandise and consumables | $103M | $97.0M | $6.0M | +6% |
| Sales of rental equipment | $85.0M | $103M | −$18.0M | -17% |
| Revenue | $3.1B | $2.8B | $314M | +11% |
| Gross profit | $1.2B | $1.1B | $126M | +11% |
| Cost of revenue | $1.9B | $1.7B | $188M | +11% |
| Operating profit | $691M | $596M | $95.0M | +16% |
| Operating expenses | $558M | $527M | $31.0M | +6% |
| Pre-tax earnings | $591M | $508M | $83.0M | +16% |
| Other expense, net | $100M | $88.0M | $12.0M | +14% |
| SG&A | $443M | $414M | $29.0M | +7% |
| Other operating costs | $115M | $113M | $2.0M | +2% |
| Net earnings | $438M | $373M | $65.0M | +17% |
| Income tax | $153M | $135M | $18.0M | +13% |
| Depreciation & amortization | $585M | $571M | $14.0M | +2% |
| Share-based compensation | $26.0M | $23.0M | $3.0M | +13% |
| Working capital & other | $209M | $99.0M | $110M | +111% |
| Operating cash flow | $840M | $868M | −$28.0M | -3% |
| Free cash flow (company-reported) | $70.0M | $468M | −$398M | -85% |
| Payments for purchases of rental equipment, net | $674M | $289M | $385M | +133% |
| Payments for purchases of non-rental property and equipment | $96.0M | $111M | −$15.0M | -14% |
Questions
How much did Sunbelt Rentals Holdings's revenue grow year over year in Q1 FY27?
Sunbelt Rentals Holdings's revenue rose $314M (+11%) from $2.8B in Q1 FY26 to $3.1B in Q1 FY27.
What drove Sunbelt Rentals Holdings's revenue change in Q1 FY27?
Equipment rentals +$326M (+13%); Sales of rental equipment −$18.0M (-17%); Sales of new equipment, merchandise and consumables +$6.0M (+6%).