Custom Truck One Source (CTOS) Gross Margin (2018 - 2026)
Custom Truck One Source's (CTOS) quarterly Gross Margin came in at 22.33% in Q1 2026, up 207.0% year-on-year from 7.27% in Q1 2025, and down 4.17% quarter-over-quarter from 23.3% in Q4 2025.
Custom Truck One Source (CTOS) Gross Margin (2018 - 2026) Analysis & Trends
Custom Truck One Source has disclosed Gross Margin across 9 years of filings, most recently posting 22.33% for Q1 2026.
- Gross Margin for Q1 2026 came in at 22.33%, up 207.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 21.65% (up 41.0% YoY), and the FY2025 annual result was 21.19%, down 47.0% from the prior year.
- Gross Margin came in at 22.33% for Q1 2026 at Custom Truck One Source, down from 23.3% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 26.37% in Q4 2022 to a low of 20.05% in Q2 2025.
- The 5-year median for Gross Margin is 22.85% (2022), against an average of 22.8%.
- Across the five-year window, Gross Margin surged 1041 bps in 2022 and tumbled 414 bps in 2024, its largest moves.
- Custom Truck One Source's Gross Margin stood at 26.37% in 2022, then fell by 8 bps to 24.31% in 2023, then declined by 6 bps to 22.75% in 2024, then rose by 2 bps to 23.3% in 2025, then slipped by 4 bps to 22.33% in 2026.
- The last three Gross Margin figures came in at 22.33% (Q1 2026), 23.3% (Q4 2025), and 20.9% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | U-Haul Holding | 10.97 Bn | 10.97 Bn | -42.05 Mn | -476.96% |
| 2 | Ryder System | 10.36 Bn | 10.36 Bn | 3.02 Bn | 96.67% |
| 3 | Avis Budget | 6.65 Bn | 6.24 Bn | - | - |
| 4 | Gatx | 6.31 Bn | 7.19 Bn | 561.90 Mn | 96.27% |
| 5 | WillScot Holdings | 5.22 Bn | 5.22 Bn | 285.68 Mn | 52.07% |
| 6 | Herc Holdings | 5.17 Bn | 5.13 Bn | 686.00 Mn | 60.23% |
| 7 | Mcgrath Rentcorp | 2.90 Bn | 2.90 Bn | 96.89 Mn | 48.80% |
| 8 | Custom Truck One Source | 2.57 Bn | 2.57 Bn | 103.06 Mn | 22.33% |
| 9 | EquipmentShare.com | 2.06 Bn | 1.75 Bn | - | - |
| 10 | Vestis | 1.70 Bn | 1.65 Bn | 173.69 Mn | 26.34% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.33% |
| Dec 31, 2025 | 23.30% |
| Sep 30, 2025 | 20.90% |
| Jun 30, 2025 | 20.05% |
| Mar 31, 2025 | 20.26% |
| Dec 31, 2024 | 22.75% |
| Sep 30, 2024 | 20.53% |
| Jun 30, 2024 | 21.10% |
| Mar 31, 2024 | 22.05% |
| Dec 31, 2023 | 24.31% |
| Sep 30, 2023 | 24.67% |
| Jun 30, 2023 | 24.21% |
| Mar 31, 2023 | 24.25% |
| Dec 31, 2022 | 26.37% |
| Sep 30, 2022 | 24.64% |
| Jun 30, 2022 | 22.85% |
| Mar 31, 2022 | 23.06% |
| Dec 31, 2021 | 21.84% |
| Sep 30, 2021 | 18.26% |
| Jun 30, 2021 | 12.45% |