Rental was Custom Truck One Source’s largest product and service line in fiscal 2025, bringing in $961.19M of $1.04B (92%).
| Product and Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Equipment Sales | — | $526.06M | $2.11B | — | |||||
| Rental | $888.31M | $907.39M | $844.59M | $961.19M | |||||
| Rental Revenue, Excluding Shipping & Handling | — | — | — | — | |||||
| Total Rental Revenue | $928.08M | $1.88B | $25.57M | $28.82M | |||||
| Rental Revenue | — | — | — | — | |||||
| Parts Sales & Services | $253.41M | $265.47M | $272.58M | — | |||||
| Sales & Services, Parts And Services, Services To Customers | $52.20M | $60.00M | — | — | |||||
| Rental Equipment | — | — | — | — | |||||
| Shipping & Handling | $39.77M | $50.43M | $41.32M | $51.21M | |||||
| Rental Revenue, Shipping & Handling | — | — | — | — | |||||
| New Equipment | — | — | — | — | |||||
| Total | $2.16B | $3.69B | $3.29B | $1.04B |
Custom Truck One Source brought in $1.04B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. Custom Truck One Source regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $3.29B. Rental was the largest at $961.19M (92.3%), ahead of Shipping & Handling at $51.21M (4.9%) and Total Rental Revenue at $28.82M (2.8%).
Compared with fiscal 2024, Shipping & Handling grew fastest, up 23.9% to $51.21M. Every line above 2% of revenue grew.
Custom Truck One Source stopped reporting Equipment Sales ($2.11B in fiscal 2024), Parts Sales & Services ($272.58M in fiscal 2024) and Sales & Services, Parts And Services, Services To Customers ($60.00M in fiscal 2023) as separate lines.
Equipment Rental Solutions was Custom Truck One Source’s largest segment in fiscal 2025, bringing in $418.51M of $713.88M (59%).
| Segment | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Truck & Equipment Sales | $1.54B | $1.98B | $2.11B | — | |||||
| Tes | — | — | — | — | |||||
| Truck Equipment Sales | — | — | — | — | |||||
| Equipment Rental Solutions | $898.22M | $926.28M | $860.33M | $418.51M | |||||
| Ers | — | — | — | — | |||||
| Aftermarket Parts & Services | $253.41M | $265.47M | $272.58M | $295.37M | |||||
| Aps | — | — | — | — | |||||
| Pta | — | — | — | — | |||||
| Total | $2.69B | $3.17B | $3.24B | $713.88M |
Custom Truck One Source brought in $713.88M from its two segments in fiscal 2025, the year ended December 31, 2025. That is less than the $1.04B it reports by product and service, so these segments do not cover all of its revenue. Equipment Rental Solutions was the largest at $418.51M (58.6%), ahead of Aftermarket Parts & Services at $295.37M (41.4%).
Compared with fiscal 2024, Aftermarket Parts & Services grew 8.4% to $295.37M, while Equipment Rental Solutions fell 51.4% to $418.51M. Some of that change comes from Custom Truck One Source regrouping its segments.
Custom Truck One Source stopped reporting Truck & Equipment Sales as a separate segment after fiscal 2024, when it brought in $2.11B.
United States was Custom Truck One Source’s largest region in fiscal 2024, bringing in $3.51B of $3.60B (97%).
| Geography | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|
| United States | $2.30B | $3.06B | $3.63B | $3.51B | ||||
| Canada | $36.94M | $87.84M | $97.26M | $94.12M | ||||
| Mexico | — | — | — | — | ||||
| Total | $2.33B | $3.15B | $3.73B | $3.60B |
Custom Truck One Source brought in $3.60B from its two regions in fiscal 2024, the year ended December 31, 2024. That was down 3.4% from $3.73B in fiscal 2023. United States was the largest at $3.51B (97.4%), ahead of Canada at $94.12M (2.6%).
Compared with fiscal 2023, Canada fell 3.2% to $94.12M and United States fell 3.4% to $3.51B. From fiscal 2021 to 2024, combined revenue from these regions grew from $2.33B to $3.60B, a compound annual growth rate of 15.6%. United States' share of the total fell from 98.4% to 97.4%.
Custom Truck One Source (CTOS) reports its revenue by product and service, by segment and by geography. In fiscal 2025, Rental was its largest product and service line, bringing in $961.19M (92.3% of the total), followed by Shipping & Handling at $51.21M (4.9%).
Rental was Custom Truck One Source's largest product and service line in fiscal 2025, bringing in $961.19M, or 92.3% of the $1.04B total across its three product and service lines.
Equipment Rental Solutions was Custom Truck One Source's largest segment in fiscal 2025, bringing in $418.51M, or 58.6% of the $713.88M total across its two segments.
United States was Custom Truck One Source's largest region in fiscal 2024, bringing in $3.51B, or 97.4% of the $3.60B total across its two regions.
Every figure comes from Custom Truck One Source's annual financial filings, as reported. Each line keeps the name Custom Truck One Source gives it, and years follow its fiscal calendar.
Custom Truck One Source's revenue by product and service goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.