One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
EquipmentShare.com Inc.
EQPT · NMS · Industrials · Rental & Leasing Services
Current price
$18.17
52-week range
$15.71 - $35.50
Market cap
$4.60B
Balance sheet
Distressed
1.04x Concerning
Net debt $4.37B. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
1 Risk
2 rewards · 1 risks
- Reward Revenue grew 65.5% last year.
- Reward Returns 2.1% on equity, ahead of 20% of its peers.
- Risk Operating margin compressed from 9.8% to 6.5% over 3 years.
What this company does
EquipmentShare.com Inc.
EquipmentShare is a one-stop shop for construction companies, mainly making money by renting out heavy machinery like forklifts and earth-movers. This rental model is important because builders often find it cheaper to rent expensive gear for a specific job rather than buying and maintaining it themselves. The company aims to be an essential partner by also selling parts and offering repair services for the equipment it provides.
How the company got here
Frustrated by the challenges of finding and renting construction equipment, brothers Jabbok and Willy Schlacks started EquipmentShare in 2015. They began with an idea for a website where contractors could rent gear from each other, which won a local business competition. This idea grew into a much larger business that not only rents out a huge fleet of equipment but also develops its own technology to help make construction jobsites work better. The company has grown very quickly, opening hundreds of locations across the United States and becoming a publicly traded company on the stock market in early 2026.
What it actually does
Think of EquipmentShare as a one-stop-shop for construction companies. Their main business is renting out all sorts of construction gear, from small power tools to giant earth-moving machines. But what makes them different is their focus on technology; they create their own software and tracking devices that help contractors manage their rented (and owned) equipment more efficiently. This technology, called T3, can show where a machine is, how much it's being used, and even if it needs repairs, helping to prevent delays and save money on the jobsite.
Equipment Rental and Services Operations
This is the company's largest business, making up the majority of its revenue (the total money it brings in). Construction professionals pay EquipmentShare to rent equipment for a specific period, just like you might rent a car. This segment also includes selling parts and providing repair services for the machinery. A key part of this is their T3 technology platform, which is like an operating system for construction, giving renters real-time information about their equipment.
Equipment Sales
Besides renting, the company also sells both new and used construction equipment directly to customers. This is a significant, but smaller, part of their business compared to rentals. An interesting part of this segment is the 'OWN Program,' where investors can buy equipment that is then rented out through EquipmentShare's network, creating a way for the company to have more equipment available without having to buy it all themselves.
What management is betting on now
Management is focused on expanding its network of rental locations across the country, with a long-term goal of reaching 700 branches. They are also heavily investing in their T3 technology, aiming to make it the go-to platform for managing not just equipment, but also people and materials on a jobsite. The company believes that by connecting the entire jobsite with its technology, it can help make the construction industry much more efficient and productive. A big part of their strategy is also growing the 'OWN Program' to expand their fleet in a capital-light way (meaning they don't have to spend as much of their own money on new machines).
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
Revenue
$1.45B
Net income
$19.00M
Diluted EPS
-0.11
Operating cash flow
$58.00M
Free cash flow
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Sources
Revenue
$989.00M
Net income
$-29.00M
Diluted EPS
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Operating cash flow
$-200.00M
Free cash flow
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Revenue
$3.66B
Net income
$88.00M
Diluted EPS
0.61
Operating cash flow
$391.00M
Free cash flow
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Revenue
$1.15B
Net income
$16.00M
Diluted EPS
-0.60
Operating cash flow
$-76.00M
Free cash flow
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Sources
Revenue
$716.00M
Net income
$-48.00M
Diluted EPS
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Operating cash flow
$-51.00M
Free cash flow
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Sources
Revenue
$3.76B
Net income
$3.00M
Diluted EPS
-0.48
Operating cash flow
$282.00M
Free cash flow
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Sources
Is it cheap or expensive?
Fair value — vs current price $18.17
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $4.4B. Interest coverage 1.0x.
Net debt
$4.37B
Interest coverage
1.04x
EquipmentShare.com Inc.'s profit covers its interest bill about 1.0 times over. which is weaker than most peers shown here.
Distressed
Worse cushion
Baseline
Better cushion
EQPT
BASELINE
EquipmentShare.com Inc.
Total debt $4.81B Interest coverage 1.04x This is the baseline the peer rows are being compared against.
Total debt $15.38B Interest coverage 5.55x +433% vs EQPT Carries about 5.3x more debt cushion than EQPT.
Total debt $11.42B Interest coverage 5.64x +441% vs EQPT Carries about 5.4x more debt cushion than EQPT.
Total debt $9.56B Interest coverage 1.50x +43% vs EQPT Carries about 1.4x more debt cushion than EQPT.
Total debt $3.79B Interest coverage 2.09x +101% vs EQPT Carries about 2.0x more debt cushion than EQPT.
What you should know
The case for and against EQPT
2 Rewards
1 Risk
Rewards
-
Revenue grew 65.5% last year.
-
Returns 2.1% on equity, ahead of 20% of its peers.
Risks
-
Operating margin compressed from 9.8% to 6.5% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
181.70x
Forward P/E
19.94x
P/B
3.79x
P/S
0.93x
EV/EBITDA
23.89x
PEG ratio
1.19x
Profitability
How much profit each dollar creates
Gross margin
36.5%
Operating margin
6.5%
Net margin
0.5%
ROE
2.1%
ROA
3.4%
Health
Liquidity and balance-sheet strength
Debt / equity
3.04x
Current ratio
2.42x
Quick ratio
1.55x
Total debt
$4.81B
Total cash
$443.00M
Growth
How the business has been compounding
Revenue TTM
$7.25B
Revenue 5Y CAGR
71.3%
EPS TTM
0.10
EPS 5Y CAGR
-36.8%
Cash flow
How much cash the business throws off
Operating CF TTM
$173.00M
Free CF TTM
$-1.80B
FCF margin
-24.9%
Dividend
Shareholder payout
Yield
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Payout ratio
0.0%
Last ex-div date
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