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EquipmentShare.com vs Prog Holdings: EQPT and PRG compared
EquipmentShare.com is the larger company: $1.4B of revenue in its latest quarter (Q2 2026) against $726M for Prog Holdings (Q3 2026). EquipmentShare.com is growing faster (+26% against +26% a year earlier). Prog Holdings is more profitable, with an operating margin of 9.1% against 6.4%.
Where the money goes: EQPT and PRG
EquipmentShare.com (EQPT) · Q2 2026
EquipmentShare.com, Q2 2026: revenue $1.4B (+26% year over year), operating margin 6.4%, net earnings $19.0M, operating cash flow $58.0M. The chart follows the revenue to costs, profit and cash.
Prog Holdings (PRG) · Q3 2026
Prog Holdings, Q3 2026: revenue $726M (+26% year over year), operating margin 9.1%, net earnings $37.2M, operating cash flow $108M. The chart follows the revenue to costs, profit and cash.
| EquipmentShare.com (EQPT) | Prog Holdings (PRG) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $1.4B | $726M |
| Revenue growth, Y/Y | +26% | +26% |
| Gross margin | 28.4% | — |
| Operating margin | 6.4% | 9.1% |
| Net earnings | $19.0M | $37.2M |
| Net margin | 1.3% | 5.1% |
| Operating cash flow | $58.0M | $108M |
| Free cash flow | — | $103M |
| Market value | $3.3B | $1.5B |
| P/E | 82.4× | 10.2× |
| Analysts’ mean target | $30.40 | $49.00 |
Where the revenue comes from
EquipmentShare.com
- Equipment rental, parts, supplies and services: $903M (62%)
- Equipment sales: $483M (33%)
- Telematics: $34.0M (2%)
- Other: $29.0M (2%)
Prog Holdings
- Lease revenues and fees: $552M (76%)
- Product and service revenues: $129M (18%)
- Other revenue: $44.6M (6%)
Questions
Which is bigger, EquipmentShare.com or Prog Holdings?
EquipmentShare.com is the larger company: $1.4B of revenue in its latest quarter (Q2 2026) against $726M for Prog Holdings (Q3 2026).
Is EquipmentShare.com or Prog Holdings growing faster?
EquipmentShare.com is growing faster (+26% against +26% a year earlier).
Which is more profitable, EquipmentShare.com or Prog Holdings?
Prog Holdings is more profitable, with an operating margin of 9.1% against 6.4%.
More: EquipmentShare.com earnings · how EquipmentShare.com makes money · Prog Holdings earnings · how Prog Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.