Filing Flows › Sunbelt Rentals Holdings (SUNB) › Q1 FY27
Sunbelt Rentals Holdings (SUNB) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Sep 9, 2026
Sunbelt Rentals Holdings (SUNB) reported revenue of $3.1B for the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier and +13% from the quarter before. Operating margin was 22.2%, net earnings $438M (14.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | +13% | +11% |
| Gross profit | $1.2B | +28% | +11% |
| Operating profit | $691M | +69% | +16% |
| Net earnings | $438M | +94% | +17% |
| Operating cash flow | $840M | -12% | -3% |
| Free cash flow | $70.0M | — | -85% |
What changed
Revenue was $3.1B in Q1 FY27, up 11% year over year and up 13% from the previous quarter. Equipment rentals was the largest line at 74% of revenue. Equipment rentals added $0.22B year over year (up 10%), 70% of the total change. Sales of rental equipment declined 17%.
Gross margin was 40.1%, unchanged from a year earlier. Operating profit was $0.69B, a 22.2% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 21% margin then. Operating expenses grew 6% against revenue growth of 11%. Net earnings were $0.44B, up 17% year over year. The effective tax rate was 25.9%.
Operating cash flow was $0.84B (down 3% year over year), 192% of net earnings. Non-cash charges added back $0.58B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.21B. After payments for purchases of rental equipment, net ($0.67B) and payments for purchases of non-rental property and equipment ($0.10B), free cash flow as the company reports it was $0.07B.
Questions
What was Sunbelt Rentals Holdings' revenue in the first quarter fiscal 2027?
Sunbelt Rentals Holdings (SUNB) reported revenue of $3.1B for the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier and +13% from the quarter before.
Was Sunbelt Rentals Holdings profitable in the first quarter fiscal 2027?
Operating profit was $691M (22.2% of revenue) and net earnings $438M.