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Fleet Utilization Rate
Tracks the percentage of the fleet actively rented out, reflecting demand for equipment and operational efficiency in managing assets.Utilization hit a trough in 2023–mid‑2024 then climbed back into the low‑80s into Q1 2026—an inflection management cites as a key driver of rising OEC on rent and the raised EBITDA guide. Higher utilization materially improves rental economics and reduces the need for aggressive fleet reinvestment (supporting the lower 2026 net rental CapEx and FCF-to-delever plans), but investors should watch inventory months, tough Q2 comps, and chassis/tariff risks that could limit further utilization gains.
Date | Fleet Utilization Rate |
|---|---|
Jun 30, 2026 | 81.60 |
Mar 31, 2026 | 81.40 |
Dec 31, 2025 | 83.60 |
Sep 30, 2025 | 79.30 |
Jun 30, 2025 | 77.60 |
Mar 31, 2025 | 77.70 |
Dec 31, 2024 | 78.90 |
Sep 30, 2024 | 73.20 |
Jun 30, 2024 | 71.70 |
Mar 31, 2024 | 73.30 |