Custom Truck One Source Posts Record Revenue, Adjusted EBITDA for Q4 and Full-Year 2025
Summary
Custom Truck One Source, Inc. (CTOS) reported record fourth-quarter and full-year 2025 financial results, with Q4 revenue increasing 1.4% to $528.2 million and full-year revenue up 7.9% to $1.94 billion. The company also achieved record Adjusted EBITDA, rising 18.4% in Q4 to $120.7 million and 12.9% for the full year to $383.6 million. Despite a wider full-year net loss of $31.1 million and a decrease in Q4 net income, operational metrics were strong, including 83.6% fleet utilization—the highest in nearly three years—and a sequentially growing sales order backlog of $335.3 million. This performance, coupled with management's optimistic outlook for 2026 driven by secular tailwinds in infrastructure and electrification, suggests robust underlying business momentum. Traders will focus on the company's ability to translate strong operational performance and Adjusted EBITDA growth into improved GAAP profitability and free cash flow generation in the coming quarters.
At the time of this announcement, CTOS was trading at $6.38 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $3.18 to $7.75. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.