Custom Truck One Source, Inc. (CTOS) intrinsic value & 10-year financials
Custom Truck One Source, Inc. (CTOS) has a Graham intrinsic value of $6.98 per share. At $9.08 on Oct 17, 2026, the stock trades 30% above that value. Over the last 10 fiscal years revenue grew 52.3% a year to $1.4B, with an average return on invested capital of -1.6%.
- Graham intrinsic value
- $6.98
- Share price (Oct 17, 2026)
- $9.08
- Price vs Graham value
- 30% above
- Market cap
- $2.1B
- Revenue (FY2025)
- $1.4B
- Revenue growth (10-yr CAGR)
- 52.3%
- ROIC (10-yr avg)
- -1.6%
- Free cash flow (FY2025)
- —
CTOS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.4B | -$31.1M | -$0.14 | — | 8.6% | 5.0% |
| FY2024 | $1.4B | -$28.7M | -$0.12 | — | 9.3% | 5.1% |
| FY2023 | $1.3B | $50.7M | $0.21 | — | 12.8% | 6.4% |
| FY2022 | $1.1B | $38.9M | $0.16 | — | 9.5% | 3.9% |
| FY2021 | $788.5M | -$181.5M | -$0.75 | — | -5.3% | -2.9% |
| FY2020 | $115.2M | -$21.3M | -$0.09 | $42.0M | 15.0% | 1.3% |
| FY2019 | $74.9M | -$27.1M | -$0.16 | $15.7M | 48.1% | 4.0% |
| FY2018 | $69.3M | $5.2M | — | -$2.2M | -2.2% | -0.2% |
| FY2017 | $50.0M | -$27.1M | — | $16.8M | 47.0% | -36.8% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Custom Truck One Source, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Custom Truck One Source, Inc. has historically struggled to out-earn its cost of capital, averaging just 2.8% ROIC.
Custom Truck One Source, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Custom Truck One Source, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $6.98 per share.