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EquipmentShare.com, Inc.
(NASDAQ:EQPT)
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Rating:48Neutral
Price Target:
$19.00
▼(-11.09% Downside)
Action:Reiterated
Date:07/24/26
The score is primarily held back by heavy leverage and persistently large negative free cash flow despite improving revenue and earnings. Technical signals are also weak (negative MACD and trading below key medium-term averages). Valuation is demanding with a very high P/E, while corporate updates (raised outlook and buyback) provide some offset but are tempered by sizable new debt issuance.
Positive Factors
Revenue Growth & Profitability
Sustained top-line growth (~20% in 2025) and a return to positive net income indicate durable demand for rental and service offerings. Revenue scale and margin recovery support better fixed-cost absorption, improving medium-term EBITDA potential and the company's ability to reinvest in fleet and tech.
Negative Factors
Very High Leverage
Extremely elevated leverage materially constrains financial flexibility and increases vulnerability to interest-rate moves and covenant triggers. A highly geared balance sheet limits capacity for opportunistic investment, makes deleveraging harder, and raises the probability of costly refinancing in stressed markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Profitability
Sustained top-line growth (~20% in 2025) and a return to positive net income indicate durable demand for rental and service offerings. Revenue scale and margin recovery support better fixed-cost absorption, improving medium-term EBITDA potential and the company's ability to reinvest in fleet and tech.
Read all positive factors
EquipmentShare.com, Inc. (EQPT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.38B
Dividend YieldN/A
Average Volume (3M)3.04M
Price to Earnings (P/E)228.2
Beta (1Y)2.22
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees8,502
SectorGeneral
Sector StrengthN/A
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)0.09
Shares Outstanding214,806,150
10 Day Avg. Volume4,073,258
30 Day Avg. Volume3,039,624
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 Cap2.23
Enterprise Value/Revenue2.10
Enterprise Value/Gross Profit7.51
Enterprise Value/Ebitda13.17
Forecast
1Y Price Target
$28.17Price Target Upside31.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)0.46
Revenue Forecast (FY)$5.28B
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. ...
How the Company Makes Money
EquipmentShare makes money primarily by providing equipment-related services and software to construction and industrial customers. Key revenue streams include: (1) Equipment rental revenue from renting heavy equipment and tools to contractors and...
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 | 4.65B | 4.38B | 3.76B | 2.56B |
| Gross Profit | 1.30B | 1.20B | 918.20M | 749.10M |
| EBITDA | 742.00M | 704.00M | 606.50M | 536.90M |
| Net Income | 59.00M | 40.00M | 2.60M | 17.30M |
Balance Sheet | ||||
| Total Assets | 6.36B | 5.99B | 5.23B | 4.90B |
| Cash, Cash Equivalents and Short-Term Investments | 409.00M | 306.00M | 457.30M | 349.40M |
| Total Debt | 4.21B | 4.18B | 4.03B | 3.81B |
| Total Liabilities | 4.79B | 5.46B | 4.36B | 4.03B |
| Stockholders Equity | 1.57B | 528.00M | 873.00M | 872.70M |
Cash Flow | ||||
| Free Cash Flow | -1.97B | -1.80B | -1.50B | -1.00B |
| Operating Cash Flow | 115.00M | 264.00M | 281.30M | 278.80M |
| Investing Cash Flow | -977.00M | -980.00M | -418.90M | -613.90M |
| Financing Cash Flow | 845.00M | 615.00M | 227.80M | 408.00M |
EquipmentShare.com, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $64.84B | 27.49 | 27.88% | 0.88% | 6.88% | 7.64% | |
68 Neutral | $2.88B | 18.88 | 12.84% | 1.79% | 3.14% | -34.73% | |
61 Neutral | $4.77B | -72.65 | -7.11% | 1.44% | -4.12% | -487.73% | |
58 Neutral | $2.39B | -130.61 | -2.18% | ― | 9.38% | 43.77% | |
56 Neutral | $5.04B | -604.63 | -0.26% | 1.79% | 28.39% | -105.83% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | $4.38B | 228.24 | 6.97% | ― | ― | ― |
* General Sector Average
EQPT
EquipmentShare.com, Inc.
19.40
-13.16
-40.42%
WSC
WillScot Mobile Mini Holdings
26.88
-3.98
-12.90%
HRI
Herc Holdings
163.25
18.91
13.10%
MGRC
Mcgrath Rentcorp
118.96
4.94
4.34%
URI
United Rentals
1,139.71
271.75
31.31%
CTOS
Custom Truck One Source
10.88
5.07
87.26%
EquipmentShare.com, Inc. Corporate Events
Business Operations and StrategyStock BuybackFinancial Disclosures
EquipmentShare Raises 2026 Outlook, Launches Share Buyback
Positive
Jul 10, 2026
On July 9, 2026, EquipmentShare raised its full-year 2026 financial outlook on the back of stronger-than-expected first-half performance, increasing guidance for total revenue to a range of $5.25 billion to $5.68 billion and rental segment revenue...
Private Placements and Financing
EquipmentShare completes $1.35 billion senior notes offering
Positive
Jul 2, 2026
On July 1, 2026, EquipmentShare.com Inc. closed a private offering of $1.35 billion in new senior secured second lien notes due July 1, 2034, carrying a 7.125% annual interest rate and payable semiannually beginning January 1, 2027. The notes were...
Business Operations and StrategyPrivate Placements and Financing
EquipmentShare Upsizes Private Offering of 2034 Secured Notes
Positive
Jun 16, 2026
On June 16, 2026, EquipmentShare.com Inc. announced it had upsized and priced a private offering of $1.35 billion in senior secured second lien notes due 2034, increasing the deal by $300 million from the originally proposed size. The notes, beari...
Business Operations and StrategyPrivate Placements and Financing
EquipmentShare Announces $1.05 Billion Senior Notes Offering
Positive
Jun 16, 2026
On June 16, 2026, EquipmentShare.com Inc. announced a private offering of $1.05 billion in senior secured second-lien notes due 2034, to be sold to qualified institutional buyers in the U.S. under Rule 144A and to non-U.S. investors under Regulati...
Executive/Board ChangesShareholder Meetings
EquipmentShare Refreshes Board Following Recent IPO Transition
Positive
Jun 10, 2026
On June 4, 2026, EquipmentShare.com Inc. held its annual shareholders’ meeting, at which investors elected all director nominees to serve until the 2027 meeting, ratified KPMG LLP as auditor for 2026 and approved executive compensation on an...
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.