EquipmentShare.com Inc (EQPT)
NASDAQIndustrialsRental & Leasing ServicesSnapshot 2026-09-04
$19.55+7.77%
Close 2026-09-04 · 1-day change
NASDAQIndustrialsRental & Leasing ServicesSnapshot 2026-09-04
Broken: Primary pillar broken — Maintain gross margin between 55% and 60% in 2026: 28.4% vs 55% target.
EquipmentShare.com aims for $5.47 billion revenue in 2026. Profit margins are guided between 55% and 60%. Capital spending is planned near $2.3 billion to support growth. The company announced a $1.35 billion buyback, showing confidence.
Recent sharp selloff shows investor concern. Debt increased with $555 million borrowings and new secured notes. Profit growth is uncertain with mixed management status. Capital spending is high, risking cash flow.
The stock trades about 45% below our fair value near $32. The market prices in weak growth with implied 3-year growth near -18%. Our view sees potential but acknowledges risks in execution and leverage.
Breaks if: Adjusted Core EBITDA falls below $1.813B in FY26
Breaks if: Capex exceeds $2.328B or falls below $2.106B in FY26
Gross margin falls below 55% in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on steady revenue and EBITDA growth. The current thesis state is intact, supported by recent earnings beats and management's commitment to growth targets.
The market seems to have priced in a low level of fragility, as there are no significant concerns reflected in the current valuation. However, expectations are sensitive to sector performance, particularly from key players in the Industrials sector.
Fundamentals are likely to continue on a positive trajectory, given strong recent financial performance and management's focus on expanding revenue and EBITDA. However, there is an elevated risk due to the potential for guidance cuts in the near term.
The long-term thesis hinges on the performance of sector bellwethers like URI, SUNB, and UHAL. If these companies continue to exceed earnings expectations, EQPT may benefit from positive sector momentum.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. Rental revenue growth supports the revenue target for 2026. However, a securities fraud lawsuit could impact investor confidence.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Annual revenue falls below $5.051B in FY26
In the next 1 to 3 years, EQPT's growth strategy and recent performance suggest a stable outlook, but it remains vulnerable to sector dynamics. Not investment advice.