CTOS
Custom Truck One Source, Inc.
CTOS has lower modeled downside risk, despite its lower overall score.
RDW
Redwire Corporation
RDW has the edge over CTOS overall, supported by stronger valuation and stronger modeled upside.
CTOS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Under pressure |
CTOS's profitability is currently healthy, and its revenue and cash flow are stable, but its balance sheet is under pressure.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
CTOS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 24x | $3.42 | -67% |
| Fair | 39x | $5.42 | -48% |
| Forward | 41x | $10.34 | — |
| Current | 74x | $10.34 | — |
| Expensive | 202x | $28.34 | +174% |
Historical ranges are pointers, not guarantees.
CTOS's PE is in its expensive range at 74x. If earnings grow as analysts expect, today's price would be 41x next year's earnings, in its fair range.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
CTOS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for CTOS, with profitability improving. However, they disagree widely on these estimates.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
CTOS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.25 | +80% |
| Q3 2026 | $0.14 | +$0.27 |
| Q2 2026 | $0.10 | +$0.27 |
| Q1 2026 | -$0.08 | +$0.06 |
| Q4 2025 | -$0.14 | -$0.02 |
| Q3 2025 | -$0.13 | +$0.04 |
| Q2 2025 | -$0.17 | -$0.11 |
| Q1 2025 | -$0.14 | -256% |
| Q4 2024 | -$0.12 | -157% |
CTOS has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
CTOS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $495.2M | +2.7% |
| Q2 2026 | $563.4M | +10% |
| Q1 2026 | $461.6M | +9.3% |
| Q4 2025 | $528.2M | +1.4% |
| Q3 2025 | $482.1M | +7.8% |
| Q2 2025 | $511.5M | +21% |
| Q1 2025 | $422.2M | +2.7% |
| Q4 2024 | $520.7M | -0.2% |
CTOS's revenue has grown year over year for seven quarters in a row: $495M last quarter, up 2.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.7% | +0.9 points |
| Q2 2026 | 8.3% | +2.8 points |
| Q1 2026 | 6.8% | +3.9 points |
| Q4 2025 | 9.8% | -3.1 points |
| Q3 2025 | 6.8% | +1.6 points |
| Q2 2025 | 5.5% | +1.3 points |
| Q1 2025 | 2.9% | -1.5 points |
| Q4 2024 | 13% | +2.7 points |
CTOS has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
CTOS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $163.5M | +101% |
| Q2 2026 | $44.4M | -65% |
| Q1 2026 | $23.8M | -57% |
| Q4 2025 | $47.3M | -42% |
| Q3 2025 | $81.5M | +393% |
| Q2 2025 | $125.7M | +233% |
| Q1 2025 | $55.6M | +$70M |
| Q4 2024 | $82.1M | +$110.2M |
CTOS has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
CTOS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +221K shares |
| 1 year | +1.5% | +3.3M shares |
| 3 years | -6.8% | -16.7M shares |
| 5 years | -5.9% | -14.4M shares |
| Available history | +369% | +181M shares |
CTOS has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $32.6M |
| Q4 2024 | — |
CTOS hasn't bought back shares in the past year.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
CTOS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.7x | Elevated |
| Q2 2026 | 3.8x | Elevated |
| Q1 2026 | 3.9x | Elevated |
| Q4 2025 | 4.2x | High |
| Q3 2025 | 4.1x | High |
| Q2 2025 | 4.2x | High |
| Q1 2025 | 4.4x | High |
| Q4 2024 | 4.2x | High |
CTOS's net debt is about 3.7 years of its operating earnings (EBITDA), down from 4.1 years a year ago.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
CTOS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.3 | Neutral |
| Stochastic | 56.6 | Neutral |
CTOS's weekly RSI is 56 (neutral) and its Stochastic is 57 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
CTOS PE vs Industrials Sector
| Metric | CTOS | Sector median | Relative |
|---|---|---|---|
| PE | 74x | 24x | 207% above |
| PE % | 70 | 58 | 12 pts above |
CTOS is trading at 74x earnings, a 207% premium to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
CTOS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.61 | 7.6% above |
| 20 week MA | $9.82 | 5.3% above |
| 50 week MA | $8.55 | 21% above |
| 100 week MA | $6.86 | 51% above |
| 200 week MA | $6.29 | 64% above |
CTOS has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
CTOS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.05 | $7.24 | +79% |
| 2021 | $7.24 | $8.04 | +11% |
| 2022 | $8.04 | $6.14 | -24% |
| 2023 | $6.14 | $6.18 | +0.7% |
| 2024 | $6.18 | $4.72 | -24% |
| 2025 | $4.72 | $5.97 | +26% |
| 2026 YTD | $5.97 | $10.3 | +73% |
CTOS has the edge over RDW on returns for 2026, with the stronger performance.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.