Filing Flows › Sunbelt Rentals Holdings (SUNB) › Q1 FY27 › vs Q4 FY26
Sunbelt Rentals Holdings (SUNB) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Sunbelt Rentals Holdings's revenue rose $361M (+13%) from $2.8B in Q4 FY26 to $3.1B in Q1 FY27. The biggest changes: Equipment rentals +$407M (+16%); Sales of rental equipment −$50.0M (-37%); Sales of new equipment, merchandise and consumables +$4.0M (+4%). Gross margin 40.1% against 35.5% (+4.6 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 40.1% | 35.5% | +4.6 pts |
| Operating margin | 22.2% | 14.9% | +7.3 pts |
| Net margin | 14.1% | 8.2% | +5.9 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Equipment rentals | $2.3B | $2.0B | $321M | +16% |
| Other | $351M | $306M | $45.0M | +15% |
| Delivery and pick-up | $257M | $216M | $41.0M | +19% |
| Equipment rentals | $2.9B | $2.5B | $407M | +16% |
| Sales of new equipment, merchandise and consumables | $103M | $99.0M | $4.0M | +4% |
| Sales of rental equipment | $85.0M | $135M | −$50.0M | -37% |
| Revenue | $3.1B | $2.8B | $361M | +13% |
| Gross profit | $1.2B | $978M | $271M | +28% |
| Cost of revenue | $1.9B | $1.8B | $90.0M | +5% |
| Operating profit | $691M | $410M | $281M | +69% |
| Operating expenses | $558M | $568M | −$10.0M | -2% |
| Pre-tax earnings | $591M | $316M | $275M | +87% |
| Other expense, net | $100M | $94.0M | $6.0M | +6% |
| SG&A | $443M | $453M | −$10.0M | -2% |
| Other operating costs | $115M | $115M | $0 | 0% |
| Net earnings | $438M | $226M | $212M | +94% |
| Income tax | $153M | $90.0M | $63.0M | +70% |
| Depreciation & amortization | $585M | $581M | $4.0M | +0.7% |
| Share-based compensation | $26.0M | $40.0M | −$14.0M | -35% |
| Working capital & other | $209M | −$103M | $312M | — |
| Operating cash flow | $840M | $950M | −$110M | -12% |
Questions
How much did Sunbelt Rentals Holdings's revenue grow quarter over quarter in Q1 FY27?
Sunbelt Rentals Holdings's revenue rose $361M (+13%) from $2.8B in Q4 FY26 to $3.1B in Q1 FY27.
What drove Sunbelt Rentals Holdings's revenue change in Q1 FY27?
Equipment rentals +$407M (+16%); Sales of rental equipment −$50.0M (-37%); Sales of new equipment, merchandise and consumables +$4.0M (+4%).