Company research
Custom Truck One Source, Inc.
CIK 1709682Updated Sep 26, 2026
SecuritiesCTOS · NYSE · equityCIC · TSX · etf
Name history
NESCO HOLDINGS, INC. · through Mar 22, 2021Capitol Investment Corp. IV · through Jul 30, 2019
CTOS price & chart
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Recent filings
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
Submission of Matters to a Vote of Security Holders
Items 5.07, 9.01
ARS filing
DEFA14A filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 3,441,454,000Source | 3,501,967,000Source | 3,367,797,000Source | 2,938,212,000Source |
| GoodwillUSD | 705,167,000Source | 704,806,000Source | 704,011,000Source | 703,827,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 225,725,000Source | 252,393,000Source | 277,212,000Source | 304,132,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 6,273,000Source | 3,805,000Source | 10,309,000Source | 14,360,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 195,541,000Source | 215,873,000Source | 215,089,000Source | 193,106,000Source |
| Inventory, NetUSD | 930,939,000Source | 1,049,304,000Source | 985,794,000Source | 596,724,000Source |
| Assets, CurrentUSD | 1,158,615,000Source | 1,301,452,000Source | 1,265,899,000Source | 868,245,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 17,009,000Source | 23,557,000Source | 23,862,000Source | 25,784,000Source |
| Operating Lease, Right-of-Use AssetUSD | 110,921,000Source | 94,696,000Source | 38,426,000Source | 29,434,000Source |
| Other Assets, NoncurrentUSD | 11,822,000Source | 16,046,000Source | 23,430,000Source | 26,944,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 25,000Source | 25,000Source | 25,000Source | 25,000Source |
| Additional Paid in CapitalUSD | 1,559,874,000Source | 1,550,785,000Source | 1,537,553,000Source | 1,521,487,000Source |
| Retained Earnings (Accumulated Deficit)USD | -617,580,000Source | -586,528,000Source | -557,873,000Source | -608,585,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -10,614,000Source | -14,744,000Source | -5,978,000Source | -8,947,000Source |
| Stockholders' Equity Attributable to ParentUSD | 809,103,000Source | 861,309,000Source | 917,203,000Source | 888,443,000Source |
| Liabilities and EquityUSD | 3,441,454,000Source | 3,501,967,000Source | 3,367,797,000Source | 2,938,212,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 873,330,000Source | 1,000,701,000Source | 897,389,000Source | 634,878,000Source |
| Accounts Payable, CurrentUSD | 88,366,000Source | 88,487,000Source | 117,653,000Source | 87,255,000Source |
| Operating Lease, Liability, NoncurrentUSD | 105,909,000Source | 88,674,000Source | 32,714,000Source | 24,818,000Source |
| Deferred Income Tax Liabilities, NetUSD | 33,760,000Source | 31,401,000Source | 33,355,000Source | 29,086,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 69,228,000Source | 69,349,000Source | 73,847,000Source | 68,784,000Source |
| Deferred Revenue, CurrentUSD | 23,500,000Source | — | — | — |
| Deferred Tax Liabilities, NetUSD | 33,760,000Source | 31,401,000Source | 33,355,000Source | 29,086,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 25,858,000Source | 7,842,000Source | 8,257,000Source | 6,940,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,619,352,000Source | 1,519,882,000Source | 1,487,136,000Source | 1,354,766,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 263,880,000Source | 235,839,000Source | 218,993,000Source | 223,483,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 8,471,000Source | 11,859,000Source | 13,309,000Source | 12,297,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | -121,119,000Source | 64,858,000Source | 388,063,000Source | 194,691,000Source |
| Increase (Decrease) in Accounts PayableUSD | -660,000Source | -27,479,000Source | 28,339,000Source | -5,589,000Source |
| Deferred Income Tax Expense (Benefit)USD | -10,742,000Source | -6,260,000Source | 14,978,000Source | 9,396,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 310,112,000Source | 121,985,000Source | -30,883,000Source | 45,968,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | 6,015,000Source | 0Source | 49,832,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -282,463,000Source | -187,485,000Source | -176,598,000Source | -218,936,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | 1,838,000Source |
| Payments for Repurchase of Common StockUSD | 32,575,000Source | 28,984,000Source | 38,845,000Source | 10,279,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -25,268,000Source | 58,283,000Source | 202,876,000Source | 153,896,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 2,468,000Source | -6,504,000Source | -4,051,000Source | -21,542,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 6,273,000Source | 3,805,000Source | 10,309,000Source | 14,360,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 155,429,000Source | 152,338,000Source | 122,868,000Source | 81,177,000Source |
| Income Taxes Paid, NetUSD | 713,000Source | 4,140,000Source | 2,133,000Source | 567,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 87,000Source | 713,000Source | 554,000Source | -2,470,000Source |
| Additional Financial Items | ||||
| AmortizationUSD | 26,956,000Source | 26,653,000Source | 27,110,000Source | 33,940,000Source |
| Share-based Payment Arrangement, ExpenseUSD | 8,500,000Source | 11,900,000Source | 13,300,000Source | 12,300,000Source |
| Amortization of Debt Issuance CostsUSD | 4,376,000Source | 5,693,000Source | 5,653,000Source | 4,860,000Source |
| Amortization of Intangible AssetsUSD | 27,000,000Source | 26,700,000Source | 27,100,000Source | 33,900,000Source |
| Capitalized Computer Software, AmortizationUSD | 4,300,000Source | 6,900,000Source | 6,400,000Source | 4,300,000Source |
| Depreciation, NonproductionUSD | 13,272,000Source | 13,292,000Source | 10,656,000Source | 9,414,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | 0Source | 527,000Source | 2,485,000Source | 20,290,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 49,971,000Source | 46,000,000Source | 67,721,000Source | 55,213,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 0Source | 0Source |
| GoodwillUSD | 705,167,000Source | 704,806,000Source | 704,011,000Source | 703,827,000Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | — | 0Source |
| Income Tax Expense (Benefit)USD | 2,922,000Source | -532,000Source | 7,364,000Source | 7,827,000Source |
| Net Income (Loss) Attributable to ParentUSD | -31,052,000Source | -28,655,000Source | 50,712,000Source | 38,905,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -31,052,000Source | -28,655,000Source | 50,712,000Source | 38,905,000Source |
| Nonoperating Income (Expense)USD | -153,073,000Source | -155,550,000Source | -112,872,000Source | -56,576,000Source |
| Operating ExpensesUSD | 286,949,000Source | 263,907,000Source | 283,312,000Source | 280,440,000Source |
| Other Nonoperating Income (Expense)USD | 4,546,000Source | 11,555,000Source | 18,443,000Source | 32,330,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | 0Source | 0Source |
| Sales-type Lease, Selling Profit (Loss)USD | 1,200,000Source | 424,000Source | 2,348,000Source | 3,943,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 1,446,375,000Source | 1,360,011,000Source | 1,331,216,000Source | 1,084,982,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 230,082,000Source | 229,544,000Source | 231,403,000Source | 210,868,000Source |
| Operating Income (Loss)USD | 124,943,000Source | 126,363,000Source | 170,948,000Source | 103,308,000Source |
| Other Nonoperating Income (Expense)USD | 4,546,000Source | 11,555,000Source | 18,443,000Source | 32,330,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -28,130,000Source | -29,187,000Source | 58,076,000Source | 46,732,000Source |
| Income Tax Expense (Benefit)USD | 2,922,000Source | -532,000Source | 7,364,000Source | 7,827,000Source |
| Net Income (Loss) Attributable to ParentUSD | -31,052,000Source | -28,655,000Source | 50,712,000Source | 38,905,000Source |
| Earnings Per Share, BasicUSD per share | -0.14Source | -0.12Source | 0.21Source | 0.16Source |
| Earnings Per Share, DilutedUSD per share | -0.14Source | -0.12Source | 0.21Source | 0.16Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 226,962,000Source | 236,975,000Source | 245,093,000Source | 247,152,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 226,962,000Source | 236,975,000Source | 245,726,000Source | 247,705,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 27,000,000Source | 26,700,000Source | 27,100,000Source | 33,900,000Source |
| Capitalized Computer Software, AmortizationUSD | 4,300,000Source | 6,900,000Source | 6,400,000Source | 4,300,000Source |
| Current Income Tax Expense (Benefit)USD | 710,000Source | 915,000Source | 3,381,000Source | 933,000Source |
| Gross ProfitUSD | 411,892,000Source | 390,270,000Source | 454,260,000Source | 383,748,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -29,992,000Source | -31,429,000Source | 56,000,000Source | 44,214,000Source |
| Interest Expense, DebtUSD | — | — | 36,600,000Source | 12,600,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | -157,619,000Source | -167,105,000Source | -131,315,000Source | -88,906,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -31,052,000Source | -28,655,000Source | 50,712,000Source | 38,905,000Source |
| Nonoperating Income (Expense)USD | -153,073,000Source | -155,550,000Source | -112,872,000Source | -56,576,000Source |
| Operating ExpensesUSD | 286,949,000Source | 263,907,000Source | 283,312,000Source | 280,440,000Source |
| Sales-type Lease, Selling Profit (Loss)USD | 1,200,000Source | 424,000Source | 2,348,000Source | 3,943,000Source |