| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 31 | 74.1x | 17.8x | Bottom tier | |
Growth | 78 | 18.2% | 7.1% | Top tier | |
Quality | 30 | 5.8% | 4.5% | Bottom tier | |
Safety | 29 | 4.8x | 2.6x | Bottom tier | |
Capital Return | 78 | 2.60% | 2.12% | Top tier | |
Momentum | 11 | — | 2.9% | Bottom tier | |
Sentiment | 67 | 4 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
EquipmentShare.com Inc. operates an integrated platform for construction equipment rental and field and technology services. It generates revenue primarily from its rental segment, equipment sales including sales to the OWN program, and the T3 software platform, which supports fleet, service, and logistics management; in the second quarter of fiscal 2026, rental revenue was $908 million, while equipment sales revenue was $483 million, including $428 million in sales to the OWN program.
In the second quarter of fiscal 2026, total revenue increased 26% year over year to $1.4 billion, and gross profit was $411 million, representing a gross margin of approximately 29.4%, while the company recorded net income of $19 million. Rental segment revenue increased by more than 39% to $908 million, and the segment generated adjusted earnings before interest, taxes, depreciation, and amortization of $449 million despite incurring approximately $60 million in startup costs in new markets.
Adjusted core earnings before interest, taxes, depreciation, and amortization reached $531 million in the second quarter of fiscal 2026, up 34% year over year, while mature rental locations achieved a margin of 55% during the twelve months ended June 30, 2026. However, the financial statements for the twelve months ended in fiscal 2026 show revenue of $4.3 billion and a net loss of $42 million, compared with net income of $40 million on revenue of $4.4 billion in fiscal 2025.
Automated analysis for informational purposes only — not investment advice.
The analysts' average price target is $27, within a wide range of $22 to $35, with a consensus Buy rating; the average target is approximately 24% below the 52-week high of $35.50, while the highest target is close to that high. The price-to-earnings ratio does not provide a useful anchor given the $42 million net loss during the twelve months ended in fiscal 2026, and the lawsuit announced on August 19, 2026 and the controversy related to related-party transactions help explain the wide valuation range despite strong rental growth.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
Rental segment revenue increased by more than 39% year over year to $908 million in the second quarter of fiscal 2026. The company placed more than $750 million of new equipment into service for the first time during the quarter, including fleet that had been expected to be deployed in the third quarter. It also opened 39 full-service locations from the beginning of fiscal 2026 through June 30, 2026, and more than 75% of first-year revenue at new locations comes from existing customers within its network.
EquipmentShare uses the T3 platform internally for dispatch, transportation, fuel, and logistics, and provides it with every rental to improve equipment visibility and reduce downtime. According to management on the August 13, 2026 call, customers engaged with T3 spend approximately six times as much with the company as customers who are not engaged with it. The company is also working with customers whose individual commitments exceed $1 million in annual recurring revenue for T3 services, expanding the platform from a rental-related tool into a standalone software business.
The OWN program allows equipment to be sold to financing partners and then managed within EquipmentShare's fleet in exchange for variable payments tied to revenue. During the first half of fiscal 2026, the company received approximately $728 million in total sale proceeds and estimated the equivalent cost of capital for the transactions at approximately 7%. The program imposes no minimum lease payments or guarantees of utilization or residual value, and it does not require EquipmentShare to repurchase the equipment after the contract terms, which are typically six to seven years. Equipment sales to OWN amounted to $428 million in the second quarter of fiscal 2026.
The company recorded net income of $19 million in the second quarter of fiscal 2026, after a net loss of $29 million in the first quarter of fiscal 2026. Gross profit was $411 million on revenue of $1.4 billion, representing a gross margin of approximately 29.4%. However, the result for the twelve months ended in fiscal 2026 remained a net loss of $42 million, so no useful price-to-earnings ratio is available for valuation.
On August 19, 2026, Berger Montague announced a class action alleging inadequate disclosure of ongoing transactions with entities owned or controlled by the founders, allegations for which the provided information does not include a final judicial outcome. EquipmentShare said that only less than $1 million of the $5.5 billion OWN fleet remained owned by related parties at the end of the second quarter of fiscal 2026. Rental payments for properties associated with the founders totaled slightly less than $5 million since the beginning of fiscal 2026, and the company aims to substantially reduce these arrangements by December 31, 2026. The chief financial officer also explained on August 13, 2026 that all related-party transactions are subject to review of terms, economics, accounting treatment, and audit committee approval.
