Custom Truck One Source, Inc. Financial Ratios — CTOS Stock

Profitability (USD)

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	-4	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-3.83	-4.42	-2.69	-10.52	1.38	1.61	-0.83	-0.89
Return on Capital (%)	- -	- -	- -	- -	- -	10.41	11.57	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	4.18	5.56	- -	- -
Gross Margin (%)	- -	33.14	32.78	25.25	17.99	24.39	24.36	21.65	21.19
EBITDA Margin (%)	- -	44.96	46.55	36.89	18.76	22.44	21.67	19.79	20.86
Operating Margin (%)	- -	17.7	17.48	8.85	0.85	8.23	9.92	6.7	7.28
Incremental Operating Margin (%)	- -	17.7	14.31	-50.01	-1.96	29.48	19.03	102.37	14.68
Pretax Margin (%)	- -	-5.61	-12.51	-16.96	-15.17	2.97	3.11	-1.62	-1.45
Profit Margin (%)	- -	-6.3	-10.25	-7.03	-15.55	2.47	2.72	-1.59	-1.6
Net Income to Common Margin (%)	- -	-6.3	-10.25	-7.03	-15.55	2.47	2.72	-1.59	-1.6
Effective Tax Rate (%)	- -	- -	- -	- -	- -	16.75	12.68	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	-4	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	742	728	1,598	1,827	2,197	2,425	2,417
ST Debt	- -	- -	7	7	253	444	677	817	692
LT Debt	- -	- -	736	721	1,345	1,383	1,520	1,609	1,725
Total Debt/EBITDA	- -	- -	6.04	6.52	7.3	5.18	5.44	6.8	5.96
Net Debt/EBITDA	- -	- -	5.76	6.39	6.93	5.04	5.31	6.52	5.66
Total Debt/EBIT	- -	- -	16.09	27.17	162.04	14.1	11.87	20.08	17.07
Net Debt/EBIT	- -	-0.01	15.34	26.65	153.77	13.72	11.6	19.25	16.22
EBITDA to Interest Expense	- -	1.95	1.94	1.77	3.01	3.97	3.08	2.13	2.57
EBITDA-CapEx/Interest Expense	- -	0.91	0.26	0.7	0.42	0.14	0.3	-0.25	-0.33
EBIT to Interest Expense	- -	0.77	0.73	0.42	0.14	1.46	1.41	0.72	0.9
Interest Expense	- -	57	63	63	73	89	131	167	158
Common Equity/Total Assets	95.03	96.38	-54.55	-60.64	-24.13	-20.71	-16.56	-16.75	-17.94
Long-Term Debt/Equity (%)	- -	- -	- -	- -	156.65	155.64	165.7	186.76	213.23
Long-Term Debt/Capital (%)	- -	- -	247.13	275.57	141.45	113.49	92.72	87.48	95.85
Long-Term Debt/Total Assets (%)	- -	- -	90.23	93.84	50.11	47.06	45.13	45.93	50.13
Total Debt/Equity (%)	- -	- -	-6,120.24	-2,342.24	186.16	205.64	239.53	281.57	298.79
Total Debt/Capital (%)	- -	- -	249.39	278.07	168.1	149.95	134.03	131.9	134.31
Total Debt/Total Assets (%)	- -	- -	91.06	94.7	59.55	62.18	65.23	69.25	70.25
Net Debt to Equity	-0.13	-0.12	-5,836.78	-2,297.38	176.66	200.07	234.12	269.97	283.82
Net Debt/Capital (%)	-0.13	-0.12	242.99	276.35	165.78	147.63	131.84	126.73	128.03
EBITDA	- -	111	123	112	219	353	404	357	405
EBITDA-CapEx	- -	52	16	44	31	12	40	-42	-52
Operating Income (Loss)	- -	44	46	27	10	130	185	121	142

Liquidity (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	2.84	5.15	0.08	0.05	0.08	0.02	0.01	- -	0.01
Current Ratio	3.45	5.17	1.49	1.45	1.49	1.37	1.41	1.3	1.33
Quick Ratio	2.84	5.15	1	0.9	0.53	0.39	0.29	0.23	0.24
CFO/Avg Current Liab	- -	307.02	0.48	0.57	0.54	0.09	-0.04	0.13	0.33
Common Equity/Total Assets	95.03	96.38	-54.55	-60.64	-24.13	-20.71	-16.56	-16.75	-17.94
Long-Term Debt/Equity (%)	- -	- -	- -	- -	156.65	155.64	165.7	186.76	213.23
Long-Term Debt/Capital (%)	- -	- -	247.13	275.57	141.45	113.49	92.72	87.48	95.85
Long-Term Debt/Total Assets (%)	- -	- -	90.23	93.84	50.11	47.06	45.13	45.93	50.13
Total Debt/Equity (%)	- -	- -	-6,120.24	-2,342.24	186.16	205.64	239.53	281.57	298.79
Total Debt/Capital (%)	- -	- -	249.39	278.07	168.1	149.95	134.03	131.9	134.31
Total Debt/Total Assets (%)	- -	- -	91.06	94.7	59.55	62.18	65.23	69.25	70.25
CFO/Total Liabilities	- -	289.45	2.27	5.36	7.61	2.24	-1.26	4.62	11.78
CFO/CapEx	- -	0.69	0.18	0.63	0.74	0.13	-0.08	0.31	0.68
Altman's Z-Score	20.48	10.13	-0.22	-0.21	0.97	1.19	1.27	0.94	1.04

Working Capital (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	- -	7.4	4.58	10.18	8.7	9.14	8.36	9.45
Days Sales Outstanding	- -	- -	49.3	79.73	35.86	41.94	39.94	43.64	38.62
Inventory Turnover	- -	- -	10.76	7.03	4.33	2.36	1.78	1.39	1.55
Days Inventory Outstanding	- -	- -	33.93	51.91	84.26	154.56	204.71	263.03	235.89
Accounts Payable Turnover	- -	- -	10.22	6.16	21.74	15.42	17.57	14.32	15.99
Accounts Payable Turnover Days	- -	- -	35.7	59.3	16.79	23.67	20.78	25.5	22.83
Cash Conversion Cycle	- -	- -	47.53	72.34	103.33	172.83	223.87	281.18	251.68
Inventory to Cash Days	- -	- -	15.37	27.82	-48.4	-112.62	-164.77	-219.39	-197.26
Inventories	- -	- -	33	31	411	597	986	1,049	931
Raw Materials	- -	- -	30	28	84	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	327	469	846	914	811
Other Inventory	- -	- -	3	3	- -	128	140	136	120

Enterprise Value (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	487	217	136	365	1,936	1,537	1,515	1,140	1,278
- Cash & Cash Equivalents	1	- -	6	3	36	14	10	4	6
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	742	728	1,598	1,827	2,197	2,425	2,417
Enterprise Value	487	216	872	1,089	3,498	3,349	3,701	3,561	3,689
Total Capital	383	393	298	262	951	1,218	1,639	1,839	1,800
Total Debt/Capital (%)	- -	- -	249.39	278.07	168.1	149.95	134.03	131.9	134.31
Total Debt / EV	- -	- -	0.85	0.67	0.46	0.55	0.59	0.68	0.66
EV/Sales	- -	0.88	3.3	3.6	3	2.13	1.98	1.98	1.9
EV/EBITDA	- -	1.95	7.09	9.75	15.98	9.49	9.16	9.99	9.1
EV/EBIT	- -	4.95	18.9	40.65	354.69	25.86	20	29.48	26.05
EV/Cash Flow to Firm	- -	2.06	12.34	15.78	16.38	27.92	44.18	12.45	7.62
EV/Free Cash Flow to Firm	- -	1.32	4.92	7.97	8.7	7.27	8.26	5.2	3.92
Diluted Market Cap	487	217	136	365	1,936	1,537	1,519	1,140	1,278
Diluted Enterprise Value	487	216	872	1,089	3,498	3,349	3,705	3,561	3,689
EV per Share	9.67	9.97	26.37	22.01	14.46	13.77	15.1	15.03	16.63
TTM Sales	- -	246	264	303	1,167	1,573	1,865	1,802	1,944
TTM EBITDA	- -	111	123	112	219	353	404	357	405
TTM Operating Income	- -	44	46	27	10	130	185	121	142
TTM Cash Flow to Firm	- -	105	71	69	214	120	84	286	484
TTM Free Cash Flow to Firm	- -	164	177	137	402	461	448	684	941

Multiples (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	2.16	1.08	3.3	5.91	3.97	4.56	2.19	1.67
EV/EBIT	- -	4.95	18.9	40.65	354.69	25.86	20	29.48	26.05
Enterprise Value	487	216	872	1,089	3,498	3,349	3,701	3,561	3,689
Low Price	9.6	9.65	2.95	1.38	6.09	4.54	4.42	3.03	3.18
EV/Sales	- -	0.88	3.3	3.6	3	2.13	1.98	1.98	1.9
EV/EBITDA	- -	1.95	7.09	9.75	15.98	9.49	9.16	9.99	9.1
Price/Earnings	- -	- -	- -	- -	- -	39.5	29.87	- -	- -
Price/Earnings Average	- -	-13.71	-9.91	-9.1	-11.67	42.42	31.45	-40.83	-37.66
Price/Earnings High	- -	-14.03	-12.77	-18.53	-15.15	58.75	36.92	-57.89	-48.43
Price/Earnings Low	- -	-13.46	-3.61	-3.21	-8.12	28.34	21.34	-25.06	-22.71
Price/Book Value	1.27	0.55	-0.31	-0.78	-2.99	-2.53	-2.72	-1.94	-2.07
Price/Book Value Average	1.28	0.54	-0.6	-0.42	-3.27	-2.71	-2.86	-1.99	-1.89
Price/Book Value High	1.33	0.55	-0.78	-0.85	-4.25	-3.76	-3.36	-2.83	-2.44
Price/Book Value Low	1.26	0.53	-0.22	-0.15	-2.28	-1.81	-1.94	-1.22	-1.14
Price/Tangible Book Value	1.25	0.55	-0.42	-1.08	-11.72	-12.86	-23.66	-11.89	-10.49
Price/Tangible Book Value Average	1.26	0.54	-0.84	-0.57	-12.83	-13.81	-24.91	-12.2	-9.6
Price/Tangible Book Value High	1.31	0.55	-1.08	-1.17	-16.64	-19.12	-29.25	-17.3	-12.35
Price/Tangible Book Value Low	1.24	0.53	-0.3	-0.2	-8.92	-9.23	-16.9	-7.49	-5.79
Price/Sales	- -	0.88	0.51	1.2	1.66	0.98	0.81	0.63	0.66
Price/Sales Average	- -	0.86	1.02	0.64	1.82	1.05	0.86	0.65	0.6
Price/Sales High	- -	0.88	1.31	1.3	2.36	1.45	1	0.92	0.77
Price/Sales Low	- -	0.85	0.37	0.23	1.26	0.7	0.58	0.4	0.36
Price/Cash Flow	- -	5.28	7.23	8.51	13.94	33.43	-49.05	9.34	4.12
Price/Cash Flow Average	- -	5.19	14.26	4.52	15.25	35.9	-51.65	9.59	3.77
Price/Cash Flow High	- -	5.31	18.39	9.21	19.79	49.72	-60.63	13.6	4.85
Price/Cash Flow Low	- -	5.09	5.19	1.59	10.61	23.99	-35.04	5.89	2.27
Price/Free Cash Flow Average	- -	2.12	2.14	1.75	6.47	4.27	4.8	2.25	1.52
Price/Free Cash Flow High	- -	2.17	2.75	3.57	8.4	5.91	5.63	3.19	1.96
Price/Free Cash Flow Low	- -	2.08	0.78	0.62	4.5	2.85	3.25	1.38	0.92
EV/Sales Average	- -	0.86	3.8	3.03	3.15	2.2	2.03	1.99	1.84
EV/Sales High	- -	0.88	4.1	3.69	3.69	2.61	2.18	2.26	2.01
EV/Sales Low	- -	0.85	3.16	2.62	2.6	1.85	1.75	1.74	1.6
EV/EBITDA Average	- -	1.92	8.17	8.22	16.81	9.81	9.36	10.07	8.83
EV/EBITDA High	- -	1.96	8.8	10.02	19.69	11.61	10.05	11.44	9.66
EV/EBITDA Low	- -	1.88	6.78	7.1	13.87	8.26	8.09	8.8	7.69
EV/EBIT Average	- -	4.87	21.76	34.26	373.21	26.74	20.43	29.73	25.29
EV/EBIT High	- -	4.99	23.44	41.76	437.13	31.64	21.93	33.78	27.65
EV/EBIT Low	- -	4.78	18.07	29.59	307.83	22.51	17.66	25.99	22.01
Last Price	9.68	10	4.11	7.37	8	6.32	6.18	4.81	5.76
High Price	10.1	10.06	10.45	7.97	11.36	9.4	7.64	7	6.78
Enterprise Value Average	489	212	1,004	918	3,681	3,463	3,782	3,591	3,581
Enterprise Value High	508	217	1,082	1,119	4,311	4,098	4,059	4,080	3,915
Enterprise Value Low	482	209	834	793	3,036	2,915	3,269	3,139	3,117

Shares Outstanding	50	50	49	49	247	246	241	234	227
Diluted Weighted Avg Shares	50	22	33	49	242	243	246	237	222
Basic Weighted Avg Shares	50	22	33	49	242	243	245	237	222
Revenue per Share	- -	11.37	7.99	6.12	4.82	6.47	7.61	7.61	8.76
EBITDA per Share	- -	5.11	3.72	2.26	0.9	1.45	1.65	1.5	1.83
Operating Income per Share	- -	2.01	1.4	0.54	0.04	0.53	0.76	0.51	0.64
Basic EPS, GAAP	- -	-0.72	-0.82	-0.43	-0.75	0.16	0.21	-0.12	-0.14
Basic EPS from Cont Ops	- -	-0.72	-0.82	-0.43	-0.75	0.16	0.21	-0.12	-0.14
Diluted EPS, GAAP	- -	-0.72	-0.82	-0.43	-0.75	0.16	0.21	-0.12	-0.14
Diluted EPS from Cont Ops	- -	-0.72	-0.82	-0.43	-0.75	0.16	0.21	-0.12	-0.14
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	1.89	0.57	0.87	0.57	0.19	-0.13	0.51	1.4
Free Cash Flow per Basic Share	- -	-0.84	-2.66	-0.5	-0.2	-1.21	-1.61	-1.17	-0.66
Cash & Equivalents per Share	0.01	0.02	0.19	0.07	0.15	0.06	0.04	0.02	0.03
Book Value per Share	7.61	18.16	-13.45	-9.42	-2.68	-2.5	-2.28	-2.47	-2.78
Tangible Book Value per Share	7.73	18.19	-9.7	-6.8	-0.68	-0.49	-0.26	-0.4	-0.55

Custom Truck One Source, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)