Sunbelt Rentals Holdings, Inc.

Rental & Leasing Services

SUNBStrained8 of 11 basics passed

$75.17

+0.43%

Market cap $30.8B

$75.17

+0.43%

Market cap $30.8B

Sunbelt Rentals (formerly UK-based Ashtead Group) is the number two equipment rental company in the US (11% market share), with a smaller presence in Canada and the UK.

It is a $30.8B industrial company. Revenue grew 3.4% over the last year, and it keeps 12¢ of every dollar of sales as profit. It trades at 22.3× earnings — around the middle of its own history.

Website: sunbeltrentals.com
Location: Fort Mill, SC
Employees: 26 016
Sector: Industrials
Founded: 1947

Share price · 7 months

$73.79 → $75.17+1.9%

price only — dividends excluded

Key facts · FY2026

Revenue: total sales; $11.2B
Profit: keeps 12¢ of every $1 sold; $1.32B
Free cash flow: cash left after running the business; $1.59B
P/E: years of profit in the price; 22.3
EPS: earnings per share, FY2026; $3.15
Dividend: pays out 56% of profit · 49% of FCF; 2.50%
Shares: down 6% since 2022 — buybacks; 420.6M
Volatility: beta vs the market — under 1 swings less; 1.40

Revenue, last 5 years

52-week range

Low $63.09$75.17High $86.06

Today's price is 53% of the way from the year's low to its high.

P/E vs its history7mo

23.2×median 23.2×

Higher than 50% of past days — around the middle of its own history.

Valuation vs own history

P/E

23.2×

50%

P/S

2.8×

68%

EV/EBITDA

17.9×

50%

P/B

4.1×

49%

FCF yield

5.3%

50%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Earnings

Sep 9, 2026EPS $1.18 vs est $1.06beat +12%

Insider activity · 90 days

+$1.83Knet buying

Purchases$1.83K

Sales$0

Insiders trading, last 14d1 buy · 0 sell

Standing in Industrials

Size$30.8Btop 35%
Revenue growth+5%top 41%
Net margin12%top 36%
Return on equity18%top 47%
P/E22.3×top 33%
Dividend yield2.50%top 15%

Ranked against 130 Industrials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong quality; Growth and Health lag behind.

Valuation62

P/E vs own history50th pct · 12/25
FCF yield5.2% · 20/25
P/S2.7x · 20/25
EV/EBITDAn/a · 10/25

Growth49

Revenue CAGR8.8% · 12/25
Net income CAGR1.4% · 6/25
EPS CAGR ~5Y3.0% · 6/25
Fwd implied growth32.3% · 25/25

Profitability60

ROICn/a · 0/25
ROE18.5% · 20/25
Net margin11.9% · 20/25
Operating margin20.0% · 20/25

Health24

Altman Zn/a · 0/25
Current ratio0.94 · 6/25
Interest coverage5.7x · 18/25
Net cash / debtn/a · 0/25

Quality97

Piotroski F7/9 · 22/25
Beneish M-7.54 · 25/25
FCF conversion120% · 25/25
Margin stabilityσ 2.0% · 25/25

Moat63

ROIC >12% years0/4 yrs · 0/25
Median gross margin41.2% · 13/25
FCF-positive years5/5 yrs · 25/25
Worst-year net marginworst 11.9% · 25/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2024Financial
Revenue crossed $10B
$10.9B for the year
FY2023Financial
Best year on record
$1.62B net income
FY2022Financial
Profitable every year on record
5 consecutive profitable years in our data
FY2022Financial
Revenue already above $1B
$7.96B in first reported year
FY2022Financial
Positive free cash flow every year since
5-year streak
1986IPO
It was first listed on the London Stock Exchange in 1986 and acquired an American plant hire business, Sunbelt…
1947Founded
The company was founded in 1947, in the village of Ashtead, Surrey

Achievements

Verifiable track record, straight from the reported numbers.

$11.2B revenue in FY2026

Profitable 5 years in a row

Positive free cash flow 5 years in a row

26 016 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

High gross margin (46.6%)
Interest covered 5.7× by operating earnings
Piotroski F-Score 7/9 — fundamentally strong checklist

Watch-outs

Nothing stands out as a concern in the available data.

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

8 of 11 checks passed

Revenue growing — the company sells more than a year ago+3.4% YoY
Profitable — makes more than it spends$1.32B FY2026
Profit growing — earnings are higher than last year-4.9% YoY
Generates cash — cash left after running and investing$1.59B FY2026
Debt under control — could handle its obligationscurrent ratio 0.94
Established company — not a micro-cap — lower blow-up risk$30.8B market cap
Not printing shares — share count not ballooning — you keep your slice-6.0% shares over ~5y
Proven track record — years of profitability behind it5/5 profitable years
Financially stable — balance sheet not near distresshealth score 24/100
Pays a dividend — returns cash to shareholdersyield 2.50%
Valuation not extreme — price not wildly above earningsP/E 22.3

Peer comparisonSunbelt Rentals Holdings, Inc. vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
SUNB this company	$30.8B	22.3	+3.4%	11.9%	Strained
LRCX Lam Research Corp	$399.2B	54.9	+26.0%	31.3%	Strong
CAT Caterpillar Inc.	$368.0B	33.9	+18.4%	14.5%	Solid
RTX RTX Corporation	$251.3B	32.4	+11.8%	8.3%	Strained
DE Deere & Company	$167.7B	34.4	+8.3%	10.2%	Solid
ETN Eaton Corporation, plc	$167.2B	43.6	+15.5%	12.8%	Mixed
UNP Union Pacific Corp.	$166.8B	22.6	+4.2%	28.8%	Strained

Head-to-head: SUNB vs LRCX · SUNB vs CAT · SUNB vs RTX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 4Buy 10Hold 4Sell 2

Appendix · Financial records

The full statements behind this CV, FY2022–FY2026. For readers who want to check the numbers.

Profit & lossRevenue $11.2B · net income $1.32B (FY2026)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2026 revenue flows to profit

RevenueNet income

Revenue (FY2026)

$11.2B

YoY 3.4%

Net income (FY2026)

$1.32B

Margin 11.9%

Gross margin

46.6%

Operating margin

20.0%

P/E ratio

22.3

Dividend yield

2.50%

Income statement — full detail

Figures in USD billions · EPS in USD

	2022	2023	2024	2025	2026
Revenue	8.0	9.7	10.9	10.8	11.2
Gross profit	7.7	9.2	4.5	4.3	4.3
Operating income (EBIT)	2.0	2.5	2.5	2.5	2.2
Net income	1.3	1.6	1.6	1.6	1.3
EPS (diluted)	2.80	3.66	3.58	3.55	3.15

Cash flowFree cash flow $1.59B · operating cash flow $3.78B (FY2026)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (FY2026)

$1.59B

Margin 14.3%

Operating cash flow (FY2026)

$3.78B

FY basis

FCF margin

14.3%

Cash flow statement — full detail

Figures in USD billions

	2022	2023	2024	2025	2026
Operating cash flow	1.0	3.7	3.8	3.8	3.8
Capital expenditure	-0.5	-3.6	-2.2	-1.8	-2.2
Free cash flow	0.5	0.1	1.6	2.0	1.6
FCF margin	6.2%	0.8%	14.9%	18.7%	14.3%

Balance sheetAssets — · debt n/a (FY2026)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

5.7x

EBIT ÷ interest expense

ROE

18.5%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2022	2023	2024	2025	2026
Cash & equivalents	0.0	0.0	0.0	0.0	—
Total assets	18.7	21.7	22.0	22.3	—
Total liabilities	12.7	14.6	14.2	14.9	—
Total debt	9.0	10.7	10.4	10.6	—
Equity	6.0	7.1	7.8	7.4	—
Net debt	9.0	10.7	10.4	10.6	—

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of SUNB on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $75.17 · market cap $30.8B.