CTOS
Custom Truck One Source, Inc.
CTOS's outlook is improving, though it still trails on the overall score.
VRT
Vertiv Holdings Co
VRT has the edge over CTOS overall, supported by stronger valuation and stronger fundamentals.
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.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
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.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over CTOS in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
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 returned to profit: it earned $0.14 per share over the past year, after losing money the year before.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over CTOS on earnings, with more consistent year-over-year improvement.
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's operating margin was 7.7% last quarter, up 0.9 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over CTOS on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over CTOS on profitability, with a higher operating margin.
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 generated $279M in free cash flow over the past year, down 19% from the year before.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over CTOS on cash flow, with more consistent year-over-year improvement.
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 230M diluted shares, up 1.5% from a year ago.
| 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.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has the edge over CTOS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
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.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over CTOS on leverage, with a lower net debt burden relative to earnings.
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).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
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.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT has the edge over CTOS on valuation relative to its sector.
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 VRT on trend strength, trading above more of its moving averages.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above 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 VRT on returns for 2026, with the stronger performance.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT's yearly returns have swung widely, from +275% in 2023 to −48% in 2022. It's up 25% so far in 2026.