Filing Flows › Sunbelt Rentals Holdings (SUNB) › How it makes money
How Sunbelt Rentals Holdings (SUNB) makes money
Sunbelt Rentals Holdings (SUNB) made $3.1B of revenue in the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier. Equipment rentals brought in $2.9B (94%); Sales of new equipment, merchandise and consumables brought in $103M (3%); Sales of rental equipment brought in $85.0M (3%). Of every dollar of revenue, 40¢ was left as gross profit, 22¢ was left as operating profit, 14¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q1 FY27
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Equipment rentals | $2.9B | 94.0% | +16% | +13% |
| ↳ Equipment rentals | $2.3B | 74.4% | +16% | +10% |
| ↳ Other | $351M | 11.3% | +15% | +30% |
| ↳ Delivery and pick-up | $257M | 8.3% | +19% | +12% |
| Sales of new equipment, merchandise and consumables | $103M | 3.3% | +4% | +6% |
| Sales of rental equipment | $85.0M | 2.7% | -37% | -17% |
Where each dollar of revenue goes
| Line | Q1 FY27 | % of revenue |
|---|---|---|
| Revenue | $3.1B | 100.0% |
| Cost of revenue | $1.9B | 59.9% |
| Gross profit | $1.2B | 40.1% |
| Operating expenses | $558M | 17.9% |
| Operating profit | $691M | 22.2% |
| Income tax | $153M | 4.9% |
| Net earnings | $438M | 14.1% |
| Operating cash flow | $840M | 27.0% |
| Free cash flow | $70.0M | 2.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q1 FY27 | $3.1B | +11% |
| Q4 FY26 | $2.8B | +9% |
| Q3 FY26 | $2.6B | +3% |
From Sunbelt Rentals Holdings' 10-Q filed Sep 9, 2026 (on EDGAR).
Questions
How does Sunbelt Rentals Holdings make money?
Sunbelt Rentals Holdings (SUNB) made $3.1B of revenue in the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier. Equipment rentals brought in $2.9B (94%); Sales of new equipment, merchandise and consumables brought in $103M (3%); Sales of rental equipment brought in $85.0M (3%). Of every dollar of revenue, 40¢ was left as gross profit, 22¢ was left as operating profit, 14¢ was left as net earnings.
What is Sunbelt Rentals Holdings' biggest business?
Equipment rentals: $2.9B in the first quarter fiscal 2027, 94% of revenue, +13% from a year earlier.
What is Sunbelt Rentals Holdings' profit margin?
Net earnings were $438M, 14.1% of revenue, in the first quarter fiscal 2027; the operating margin was 22.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.