EQPT EquipmentShare.com Inc

Overview and Growth

EquipmentShare.com Inc generated $4.38B of revenue in fiscal 2025, with net income of $40.00M and an operating cash inflow of $264.00M. At $4.38B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 16.3% from $3.76B in fiscal 2024, increasing the company’s operating scale. On a per-share basis, diluted EPS was $0.01, which connects the reported earnings outcome with the company’s diluted share count. The company employed $5.99B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.73x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $1.24B of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 28.3% of revenue, showing how much of the top line remained after direct costs. Operating income was $297.00M, the earnings remaining from reported operations after the company’s recognized operating cost structure. The operating result equaled 6.8% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all reported below-operating-line items, the company recorded net income of $40.00M for the fiscal year. The final earnings result represented 0.9% of revenue, connecting the absolute net income figure with the company’s top-line scale. The earnings statement records $54.00M of pretax income, the profit base against which the reported tax provision can be assessed. Pretax income represented 1.2% of revenue, placing earnings before tax in the context of the company’s operating scale. The reported income-tax provision was $14.00M, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 25.9%, without assuming a statutory-rate comparison. Net income equaled 7.6% of period-end equity, showing the earnings generated on shareholders’ book capital. Return on period-end assets was 0.7%, connecting net income with the company’s total asset base.

Liquidity and Capital Structure

Total assets were $5.99B, supported by $5.10B of liabilities and $528.00M of shareholder equity. The near-term balance sheet paired $1.73B of current assets with $880.00M of current liabilities at the reporting date. The current ratio was 1.97x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $306.00M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 34.8%, excluding receivables and other current assets. Borrowings totaled $3.27B, adding a fixed financing obligation alongside the company’s equity capital. Against book equity, debt measured 6.2x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 54.7%, comparing borrowing with the total asset balance. Liabilities represented 85.2% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 5.1%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $4.82B in fiscal 2024, the current asset base moved 24.3% and finished higher. Reported equity changed 3.8% from $549.00M in fiscal 2024, placing the current capital base lower year over year. The reported cash balance changed 24.8% from $407.00M in fiscal 2024, ending lower year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $264.00M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Operating cash flow equaled 6.6x of net income, showing how strongly accounting earnings converted into cash from operations.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.