Custom Truck One Source, Inc. (CTOS)

Custom Truck One Source Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,902	1,802	1,865	1,573	1,167	302.74
Revenue Growth (YoY)	6.21%	-3.37%	18.56%	34.78%	285.53%	14.66%
Cost of Revenue	1,503	1,412	1,411	1,189	957.14	226.3
Gross Profit	398.37	390.27	454.26	383.75	210.01	76.44
Selling, General & Admin	234.47	229.54	231.4	210.87	155.78	46.41
Operating Expenses	275.03	269.49	269.17	254.22	200.15	49.66
Operating Income	123.35	120.78	185.09	129.53	9.86	26.79
Interest Expense	-165.91	-167.11	-131.32	-88.91	-72.84	-63.2
Other Non Operating Income (Expenses)	7.36	11.56	18.44	32.33	-0.57	-5.4
EBT Excluding Unusual Items	-35.2	-34.77	72.22	72.95	-63.55	-41.81
Merger & Restructuring Charges	-16.19	-17.92	-14.14	-26.22	-51.83	-9.54
Gain (Loss) on Sale of Assets	23.5	23.5	-	-	-	-
Other Unusual Items	-	-	-	-	-61.7	-
Pretax Income	-27.89	-29.19	58.08	46.73	-177.08	-51.35
Income Tax Expense	8.12	-0.53	7.36	7.83	4.43	-30.07
Net Income	-36.01	-28.66	50.71	38.91	-181.5	-21.28
Net Income to Common	-36.01	-28.66	50.71	38.91	-181.5	-21.28
Net Income Growth	-	-	30.35%	-	-	-
Shares Outstanding (Basic)	231	237	245	247	241	49
Shares Outstanding (Diluted)	231	237	246	248	241	49
Shares Change (YoY)	-4.72%	-3.56%	-0.80%	2.63%	391.94%	48.38%
EPS (Basic)	-0.16	-0.12	0.21	0.16	-0.75	-0.43
EPS (Diluted)	-0.16	-0.12	0.21	0.16	-0.75	-0.43
EPS Growth	-	-	31.44%	-	-	-
Free Cash Flow	20.51	-71.74	-165.51	-88.97	50.37	14.22
Free Cash Flow Per Share	0.09	-0.30	-0.67	-0.36	0.21	0.29
Gross Margin	20.95%	21.65%	24.36%	24.39%	17.99%	25.25%
Operating Margin	6.49%	6.70%	9.92%	8.23%	0.84%	8.85%
Profit Margin	-1.89%	-1.59%	2.72%	2.47%	-15.55%	-7.03%
Free Cash Flow Margin	1.08%	-3.98%	-8.87%	-5.66%	4.32%	4.70%
EBITDA	174.17	173.17	233.42	181.31	61.83	33.14
EBITDA Margin	9.16%	9.61%	12.52%	11.53%	5.30%	10.95%
D&A For EBITDA	50.83	52.39	48.33	51.78	51.96	6.36
EBIT	123.35	120.78	185.09	129.53	9.86	26.79
EBIT Margin	6.49%	6.70%	9.92%	8.23%	0.84%	8.85%
Effective Tax Rate	-	-	12.68%	16.75%	-	-
Revenue as Reported	1,902	1,802	1,865	1,573	1,167	302.74
Advertising Expenses	-	6.2	3.3	3.1	4.8	-

Updated Jul 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q