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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 plunged into 2024 as fleet growth and delivery cadence outpaced demand, hitting a low in mid‑2024, but has since recovered to the low‑80s by mid‑2026. That rebound supports management’s upgraded revenue and EBITDA outlook and the higher OEC on rent, showing real rental demand and margin recovery; still, seasonal Q3 softness, a sequential backlog dip and a pull‑forward of deliveries, plus lower planned net rental CapEx and regulatory‑driven prebuys, create cadence risk—watch utilization and OEC on rent to confirm sustainability.
Date | Fleet Utilization Rate |
|---|---|
Sep 30, 2026 | 81.50 |
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 |