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EquipmentShare.com, Inc.
(NASDAQ:EQPT)
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Rating:50Neutral
Price Target:
$17.00
▼(-6.28% Downside)
Action:Reiterated
Date:10/19/26
The score is held down primarily by heavy leverage and persistently large negative free cash flow, alongside weak technicals and a stretched P/E. Offsetting factors include strong operational execution and guidance/outlook improvements (earnings call and raised 2026 outlook), but financial risk and valuation keep the overall score near the lower-middle of the range.
Positive Factors
Raised Growth Outlook
The higher 2026 rental-growth outlook reflects strong customer demand, disciplined execution, productivity gains, and an expanding U.S. network. If these drivers persist, they can support continued fleet utilization, broader market penetration, and stronger operating scale over the next several quarters.
Negative Factors
High Leverage
The sharp increase in debt relative to equity leaves the company more exposed to weaker demand, pricing pressure, or higher funding costs. Elevated leverage can restrict strategic flexibility and make it harder to sustain aggressive fleet investment through a cyclical downturn.
Read all positive and negative factors
Positive Factors
Negative Factors
Raised Growth Outlook
The higher 2026 rental-growth outlook reflects strong customer demand, disciplined execution, productivity gains, and an expanding U.S. network. If these drivers persist, they can support continued fleet utilization, broader market penetration, and stronger operating scale over the next several quarters.
Read all positive factors
EquipmentShare.com, Inc. (EQPT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.96B
Dividend YieldN/A
Average Volume (3M)3.99M
Price to Earnings (P/E)179.1
Beta (1Y)2.05
Revenue Growth18.16%
EPS GrowthN/A
CountryUS
Employees9,203
SectorGeneral
Sector StrengthN/A
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)0.09
Shares Outstanding215,807,020
10 Day Avg. Volume4,679,882
30 Day Avg. Volume3,993,755
Financial Highlights & Ratios
PEG Ratio-83.57
Price to Book (P/B)16.41
Price to Sales (P/S)1.98
P/FCF Ratio-4.80
Enterprise Value/Market Cap2.43
Enterprise Value/Revenue1.94
Enterprise Value/Gross Profit6.85
Enterprise Value/Ebitda12.21
Forecast
1Y Price Target
$27.29Price Target Upside50.42% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.49
Revenue Forecast (FY)$5.64B
EquipmentShare.com, Inc. Business Overview & Revenue Model
Company Description
EquipmentShare.com Inc., a company founded in Columbia, Missouri, in 2014, offers comprehensive, integrated solutions to the construction industry. Its primary activities involve equipment rental, sales, and the deployment of advanced technology. ...
EquipmentShare.com, Inc. Earnings Call Summary
Earnings Call Date:Aug 12, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 24, 2027
Earnings Call Sentiment Positive
The call presented a strong operational and financial performance: high organic growth (rental revenue +39% YoY), expanding adjusted core EBITDA (+34% YoY), attractive margins in mature markets (55% TTM), near $10B fleet under management, and healthy liquidity and capital options (pro forma $2.8B). Management signaled conservative but derisked guidance with upside potential, continued fleet deployment momentum and a scalable OWN program with ~7% implied cost of capital for recent vintages. Key risks discussed included a ~50 bps fuel headwind, reliance on the OWN sale-leaseback strategy and timing/lag in third-party appraisals relative to rising OEC, plus remaining governance-related related-party wind-down items and concentration in mega projects which create regulatory exposure. Overall the positives (strong growth, margin expansion, liquidity, OWN economics and market share gains) outweigh the noted operational and governance risks.Positive Updates
Strong Top-Line Growth
Total revenue of $1.4 billion, up 26% year-over-year; Rental segment revenue of $908 million, up more than 39% year-over-year.
Negative Updates
Fuel Cost Headwind
Approximately 50 basis point headwind to Rental segment margins in the quarter due to increased fuel costs, partially offset by price passes and efficiencies.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Top-Line Growth
Total revenue of $1.4 billion, up 26% year-over-year; Rental segment revenue of $908 million, up more than 39% year-over-year.
Read all positive updates
Company Guidance
Management kept a conservative, “derisked” outlook: the midpoint of Rental segment revenue guidance implies roughly 33% full‑year growth and about 28% rental revenue growth in the back half of 2026 (vs. a 36% back‑half ’25 comp), following Q2 rental revenue of $908M (+>39% y/y) and total revenue of $1.4B (+26% y/y). They noted strong fleet absorption (putting >$750M of new fleet on rent in Q2), nearly $10B of fleet under management, and a branch mix that is 56% mature locations generating 55% trailing‑12‑month rental EBITDA margins, which supports modest rental‑segment margin expansion in H2 and upside potential to outperform the guide; Q2 rental segment adjusted EBITDA was $449M (including ~$60M of new‑market start‑up costs) and adjusted core EBITDA was $531M (+34% y/y). Management also highlighted capital flexibility—$2.8B available liquidity, net leverage ~3.0x, a $500M share‑repurchase authorization (through 12/31/2028) and attractive OWN program economics (H1 implied cost of capital ~7%) as support for the outlook.EquipmentShare.com, Inc. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
34
Negative
Cash Flow
27
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 4.95B | 4.38B | 3.76B | 2.56B |
| Gross Profit | 1.41B | 1.20B | 918.20M | 749.10M |
| EBITDA | 788.20M | 704.00M | 606.50M | 536.90M |
| Net Income | 61.50M | 40.00M | 2.60M | 17.30M |
Balance Sheet | ||||
| Total Assets | 7.11B | 5.99B | 5.23B | 4.90B |
| Cash, Cash Equivalents and Short-Term Investments | 443.00M | 306.00M | 457.30M | 349.40M |
| Total Debt | 4.81B | 4.18B | 4.03B | 3.81B |
| Total Liabilities | 5.53B | 5.46B | 4.36B | 4.03B |
| Stockholders Equity | 1.58B | 528.00M | 873.00M | 872.70M |
Cash Flow | ||||
| Free Cash Flow | -1.69B | -1.80B | -1.50B | -1.00B |
| Operating Cash Flow | 249.40M | 264.00M | 281.30M | 278.80M |
| Investing Cash Flow | -1.26B | -980.00M | -418.90M | -613.90M |
| Financing Cash Flow | 1.09B | 615.00M | 227.80M | 408.00M |
EquipmentShare.com, Inc. Risk Analysis
EquipmentShare.com, Inc. disclosed 4 risk factors in its most recent earnings report. EquipmentShare.com, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
We cannot guarantee that our share repurchase program will be consummated fully or that it will enhance Q2, 2026
2.
shareholder value. Stock repurchases could also increase the volatility of the trading price of our stock and could Q2, 2026
3.
diminish our cash reserves. Q2, 2026
EquipmentShare.com, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $64.97B | 23.59 | 31.01% | 0.72% | 6.88% | 7.64% | |
71 Outperform | $2.74B | 18.37 | 12.44% | 1.72% | -0.92% | -39.51% | |
61 Neutral | $2.07B | 99.15 | 2.66% | ― | 7.03% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | $3.00B | -44.78 | -7.45% | 1.69% | -2.51% | -162.51% | |
50 Neutral | $3.96B | 179.06 | 5.46% | ― | 18.16% | ― | |
49 Neutral | $4.19B | 89.61 | 2.56% | 2.13% | 28.50% | 67.75% |
* General Sector Average
EQPT
EquipmentShare.com, Inc.
16.33
-16.23
-49.85%
WSC
WillScot Mobile Mini Holdings
16.49
-5.34
-24.47%
HRI
Herc Holdings
133.55
7.59
6.02%
MGRC
Mcgrath Rentcorp
116.81
-1.52
-1.29%
URI
United Rentals
1,111.02
204.13
22.51%
CTOS
Custom Truck One Source
8.87
2.48
38.81%
EquipmentShare.com, Inc. Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
EquipmentShare Raises 2026 Outlook on Strong Demand
Positive
Oct 19, 2026
On October 19, 2026, EquipmentShare raised its full-year 2026 financial guidance, citing strong customer demand, disciplined execution and higher productivity across its expanding U.S. rental network. The company lifted the midpoint outlook for re...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.