EquipmentShare.com Inc., a company founded in Columbia, Missouri, in 2014, offers comprehensive, integrated solutions to the construction industry. Its primary activities involve ...
EquipmentShare.com Inc., trading under the symbol EQPT, is a leading construction technology company that provides integrated solutions for the construction industry. Founded in 2015 by brothers Jabbok and Willy Schlacks, the company was accepted into Y Combinator, which helped accelerate its growth. Headquartered in Columbia, Missouri, EquipmentShare has expanded to ...EquipmentShare.com Inc., trading under the symbol EQPT, is a leading construction technology company that provides integrated solutions for the construction industry. Founded in 2015 by brothers Jabbok and Willy Schlacks, the company was accepted into Y Combinator, which helped accelerate its growth. Headquartered in Columbia, Missouri, EquipmentShare has expanded to over 400 locations across 45 states, making it the fourth-largest equipment rental company in the U.S. The company's core offerings include equipment rental, sales, and services, supported by a proprietary digital platform that streamlines fleet management and job site operations. Their inventory spans a wide range of categories, including aerial work platforms, power tools, vehicles, trailers, agricultural and landscaping equipment, climate control units, compaction equipment, compressed air systems, concrete and masonry tools, earthmoving machinery, fluid management solutions, forklifts, material handling equipment, lighting and security systems, power generation, surface preparation, safety gear, testing and communication devices, storage units, tanks, containers, and welding and pipe fabrication equipment. In addition to rentals, EquipmentShare provides parts, maintenance, repair, and site management services. The company generated approximately $4.65 billion in revenue (TTM) and employs over 8,500 people. Its financial metrics show a revenue per share of $18.39, a gross profit margin of 28%, and an EBITDA margin of 16%. The company recently went public on NASDAQ in January 2026, raising capital to further expand its operations and technology. EquipmentShare is committed to innovation, streaming over 6 billion data points daily to help contractors build with control and efficiency.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$4.4B
+16.4%
+46.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$40.0M
+1438.5%
+165.5%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+27.3%
+11.9%
-1.0%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+6.8%
+17.2%
+6315.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+0.9%
+1222.1%
+144.7%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-1.8B
-20.3%
+34.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-41.2%
-3.4%
+55.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
792.4%
+71.6%
+13.6%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.97x
-8.1%
-2.0%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello, everyone. Thank you for joining us, and welcome to the EquipmentShare.com Inc. Q2 earnings. [Operator Instructions]. I will now hand the conference over to Rhett Butler, VP of Investor Relations. Please go ahead.
Rhett Butler: Good morning, and welcome to EquipmentShare's Second Quarter 2026 Financial Results Conference Call. Joining me today are Jabbok Schlacks, Founder and Chief Executive Officer; Willy Schlacks, Founder and President; Mark Wopata, Chief Data Officer and Executive Vice President of Finance; and Dave Marquardt, Chief Financial Officer and Chief Accounting Officer. Last night, we issued our earnings press release and posted an earnings presentation to our Investor Relations website. We encourage you to review those materials alongside today's remarks. Please be advised that the call is being recorded. Comments made on today's call and responses to your questions may contain forward-looking statements within the meaning of applicable securities laws. These statements are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to our earnings press release, presentation and SEC filings for a discussion of those risks. EquipmentShare has no obligation to update or revise forward-looking statements made on this call. We will also reference certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP measures are included in our earnings press release. With that, I'll turn the call over to Jabbok.
Jabbok Schlacks: Thank you, Rhett, and good morning, everyone. EquipmentShare delivered another exceptional quarter, supported by healthy customer demand, continued market share gains and disciplined execution across the business. Rental segment revenue increased more than 39% year-over-year and mature rental locations generated 55% trailing 12-month margins. Mature locations now represent 56% of our rental network. Adjusted core EBITDA grew to $531 million. This is the metric we use to compare our performance with the rest of the rental industry that owns and finance equipment entirely on balance sheet. We also expanded our fleet under management to nearly $10 billion of OEC. These results reflect the strength and durability of our growth model. Approximately 91% of Rental segment revenue comes from national and regional customers, supporting some of the largest and most complex construction projects in the country. As we expand into new markets, approximately 75% of first year rental segment revenue comes from customers already doing business with EquipmentShare. We believe this reflects the strength of our customer relationships and creates significant embedded earnings power as today's growth locations become tomorrow's mature markets. With our existing footprint, we believe at maturity, this is already a $4 billion core EBITDA business. Our capital allocation decisions also reflect the strength of the business and our long-term outlook. On July …
