Balance Sheet Sunbelt Rentals Holdings, Inc.

Equities

SUNB

US8669661048

Investment Holding Companies

Market Closed - Nyse Other stock markets 04:00:02 2026-05-20 pm EDT			5-day change	1st Jan Change
74.38 ^USD	-1.02%		-2.22%	+8.98%

May. 12	Bernstein Initiates Coverage on Sunbelt Rentals With Outperform Rating, $86 Price Target	MT
May. 01	JPMorgan Downgrades Sunbelt Rentals to Underweight From Neutral, Adjusts Price Target to $75 From $74	MT

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Published financial data: SUNBELT RENTALS HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2021	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	5.03B	7.96B	9.67B	10.86B	10.79B
Total Revenues	5.03B	7.96B	9.67B	10.86B	10.79B
Cost of Goods Sold, Total	276M	262M	442M	636M	386M
Gross Profit	4.75B	7.7B	9.22B	10.22B	10.41B
Selling General & Admin Expenses, Total	1.19B	1.91B	2.33B	2.6B	2.57B
Depreciation & Amortization - (IS)	1.1B	1.54B	1.77B	2.11B	2.33B
Amortization of Goodwill and Intangible Assets - (IS)	61.5M	109M	118M	121M	114M
Other Operating Expenses	1.26B	2.19B	2.5B	2.75B	2.83B
Other Operating Expenses, Total	3.61B	5.75B	6.72B	7.58B	7.85B
Operating Income	1.14B	1.95B	2.5B	2.64B	2.55B
Interest Expense, Total	-199M	-280M	-369M	-546M	-564M
Interest And Investment Income	-	-	2M	900K	4.5M
Net Interest Expenses	-199M	-280M	-367M	-545M	-559M
EBT, Excl. Unusual Items	945M	1.67B	2.14B	2.09B	2B
Gain (Loss) On Sale Of Assets	-	9M	19M	22M	18.3M
Asset Writedown	-9M	-15M	-	-6M	-
Other Unusual Items	-	-	-	-	-15.4M
EBT, Incl. Unusual Items	936M	1.67B	2.16B	2.11B	2B
Income Tax Expense	239M	417M	538M	511M	488M
Earnings From Continuing Operations	697M	1.25B	1.62B	1.6B	1.51B
Net Income to Company	697M	1.25B	1.62B	1.6B	1.51B
Net Income - (IS)	697M	1.25B	1.62B	1.6B	1.51B
Net Income to Common Incl Extra Items	697M	1.25B	1.62B	1.6B	1.51B
Net Income to Common Excl. Extra Items	697M	1.25B	1.62B	1.6B	1.51B
Per Share Items
Net EPS - Basic	1.56	2.81	3.68	3.66	3.47
Basic EPS - Continuing Operations	1.56	2.81	3.68	3.66	3.47
Basic Weighted Average Shares Outstanding	448M	445M	439M	437M	436M
Net EPS - Diluted	1.55	2.8	3.66	3.64	3.46
Diluted EPS - Continuing Operations	1.55	2.8	3.66	3.64	3.46
Diluted Weighted Average Shares Outstanding	449M	447M	442M	440M	437M
Normalized Basic EPS	1.32	2.35	3.04	2.99	2.86
Normalized Diluted EPS	1.31	2.34	3.02	2.98	2.85
Dividend Per Share	0.42	0.8	1	1.05	1.08
Payout Ratio	26.11	21.7	22.04	27.31	36.19
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	2.21B	3.45B	4.22B	4.67B	4.79B
EBITA	1.21B	2.06B	2.62B	2.76B	2.67B
EBIT	1.14B	1.95B	2.5B	2.64B	2.55B
EBITDAR	2.26B	3.53B	4.33B	4.79B	4.91B
Total Revenues (As Reported)	5.03B	7.96B	9.67B	10.86B	10.79B
Effective Tax Rate - (Ratio)	25.49	25	24.96	24.23	24.41
Total Current Taxes	316M	250M	275M	291M	480M
Total Deferred Taxes	-77.2M	167M	263M	220M	7.9M
Normalized Net Income	591M	1.05B	1.34B	1.31B	1.25B
Interest on Long-Term Debt	198M	243M	368M	544M	558M
Non-Cash Pension Expense	-1.8M	-100K	-600K	-900K	-
Supplemental Operating Expense Items
Net Rental Expense, Total	51.4M	82.1M	112M	116M	115M
Imputed Operating Lease Interest Expense	16.7M	28.27M	40.99M	51.43M	49.48M
Imputed Operating Lease Depreciation	34.7M	53.83M	71.31M	64.27M	65.92M
Stock-Based Comp., SG&A Exp. (Total)	1.86M	3.99M	4.63M	5.29M	4.95M
Stock-Based Comp., Other (Total)	5.34M	44.11M	40.17M	42.21M	-
Total Stock-Based Compensation	7.2M	48.1M	44.8M	47.5M	4.95M

Fiscal Period: April	2021	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	19.2M	15.3M	29.9M	20.8M	21M
Total Cash And Short Term Investments	19.2M	15.3M	29.9M	20.8M	21M
Accounts Receivable, Total	726M	1.28B	1.49B	1.65B	1.61B
Other Receivables	69.5M	117M	179M	214M	247M
Total Receivables	796M	1.4B	1.67B	1.86B	1.85B
Inventory	73.8M	168M	181M	162M	147M
Total Current Assets	889M	1.58B	1.88B	2.05B	2.02B
Gross Property Plant And Equipment	2.52B	4.28B	5.23B	6.19B	6.75B
Accumulated Depreciation	-778M	-1.34B	-1.63B	-1.97B	-2.3B
Net Property Plant And Equipment	1.74B	2.94B	3.6B	4.22B	4.44B
Long-term Investments	-	40M	41.3M	57M	31.5M
Goodwill	1.3B	2.3B	2.87B	3.21B	3.28B
Other Intangibles, Total	280M	475M	523M	486M	398M
Other Long-Term Assets, Total	5.06B	7.95B	9.82B	11.63B	11.52B
Total Assets	9.27B	15.29B	18.73B	21.65B	21.69B
Liabilities
Accounts Payable, Total	156M	399M	582M	522M	302M
Accrued Expenses, Total	436M	798M	952M	936M	881M
Current Portion of Leases	122M	189M	233M	274M	299M
Current Income Taxes Payable	4.1M	20.2M	12.4M	10.1M	8.7M
Other Current Liabilities	39M	68.8M	78.6M	68.2M	72.7M
Total Current Liabilities	757M	1.47B	1.86B	1.81B	1.56B
Long-Term Debt	3.03B	5.18B	6.6B	8B	7.5B
Long-Term Leases	1.06B	1.81B	2.16B	2.41B	2.55B
Pension & Other Post Retirement Benefits	-	-	-	400K	500K
Deferred Tax Liability Non Current	1.09B	1.7B	2B	2.22B	2.24B
Other Non Current Liabilities	66.3M	99.6M	112M	131M	167M
Total Liabilities	6B	10.26B	12.72B	14.57B	14.02B
Common Stock, Total	45.1M	81.8M	81.8M	81.8M	81.8M
Additional Paid In Capital	3.6M	6.5M	6.5M	6.5M	6.5M
Retained Earnings	3.21B	5.68B	6.93B	8.1B	8.97B
Treasury Stock	-80M	-525M	-780M	-862M	-1.21B
Comprehensive Income and Other	88.2M	-207M	-226M	-244M	-189M
Total Common Equity	3.27B	5.03B	6.01B	7.08B	7.67B
Total Equity	3.27B	5.03B	6.01B	7.08B	7.67B
Total Liabilities And Equity	9.27B	15.29B	18.73B	21.65B	21.69B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	448M	442M	437M	436M	431M
ECS Total Common Shares Outstanding	448M	442M	437M	436M	431M
Book Value / Share	7.3	11.38	13.73	16.24	17.8
Tangible Book Value	1.69B	2.26B	2.62B	3.39B	3.99B
Tangible Book Value Per Share	3.78	5.1	5.99	7.76	9.27
Total Debt	4.21B	7.18B	8.99B	10.68B	10.35B
Net Debt	4.19B	7.16B	8.96B	10.65B	10.33B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-4.5M	-18.5M	-18.4M	400K	500K
Debt Equivalent Oper. Leases	411M	657M	898M	926M	923M
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Raw Materials, Total	33.3M	77.7M	102M	87.3M	75.3M
Inventories - Finished Goods, Total	40.5M	90.8M	78.8M	74.7M	71.9M
Land - (BS)	332M	549M	728M	985M	1.11B
Machinery, Total	886M	1.47B	1.73B	2.02B	2.14B
Full Time Employees	18.83K	21.75K	25.35K	25.96K	25.04K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	53.3M	85.6M	107M	141M	102M

Fiscal Period: April	2021	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	697M	1.25B	1.62B	1.6B	1.51B
Depreciation & Amortization - CF	1.1B	1.54B	1.77B	2.12B	2.33B
Amortization of Goodwill and Intangible Assets - (CF)	61.5M	109M	118M	121M	114M
Depreciation & Amortization, Total	1.16B	1.65B	1.89B	2.24B	2.45B
(Gain) Loss From Sale Of Asset	-19.2M	-87.9M	-204M	-245M	-99.4M
Asset Writedown & Restructuring Costs	9M	15M	-	-	-
Stock-Based Compensation (CF)	7.2M	48.1M	44.8M	47.5M	-
Other Operating Activities, Total	-376M	-1.21B	-2.17B	-2.63B	-1.69B
Change In Accounts Receivable	-96.8M	-164M	-210M	-177M	-52.2M
Change In Inventories	4M	-67.2M	-4.7M	21.2M	15.1M
Change In Accounts Payable	89.9M	68.8M	34.2M	2.5M	44.5M
Cash from Operations	1.47B	1.5B	1B	855M	2.17B
Capital Expenditure	-105M	-398M	-510M	-686M	-456M
Sale of Property, Plant, and Equipment	13.8M	24.8M	41.4M	47.5M	61.2M
Cash Acquisitions	-142M	-1.28B	-1.08B	-876M	-147M
Divestitures	-	-	-	1.9M	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-40M	-42.4M	-15M	-
Cash from Investing	-234M	-1.69B	-1.59B	-1.53B	-542M
Long-Term Debt Issued, Total	496M	3.05B	3.36B	3.62B	1.31B
Total Debt Issued	496M	3.05B	3.36B	3.62B	1.31B
Long-Term Debt Repaid, Total	-1.75B	-2.17B	-2.11B	-2.41B	-1.97B
Total Debt Repaid	-1.75B	-2.17B	-2.11B	-2.41B	-1.97B
Repurchase of Common Stock	-12.5M	-433M	-277M	-108M	-427M
Common Dividends Paid	-182M	-272M	-357M	-437M	-547M
Common & Preferred Stock Dividends Paid	-182M	-272M	-357M	-437M	-547M
Other Financing Activities, Total	-	2.2M	-1.2M	500K	2.4M
Cash from Financing	-1.45B	182M	609M	663M	-1.63B
Foreign Exchange Rate Adjustments	-7.9M	-800K	-600K	-100K	400K
Net Change in Cash	-222M	-11.3M	14.6M	-9.1M	200K
Supplemental Items
Cash Interest Paid	-	-	-	-	555M
Cash Income Tax Paid (Refund)	294M	219M	287M	246M	425M
Levered Free Cash Flow	1.72B	2.39B	2.81B	2.65B	3B
Unlevered Free Cash Flow	1.85B	2.56B	3.04B	2.99B	3.35B
Change In Net Working Capital	-72.2M	-45.1M	-49.5M	259M	247M
Net Debt Issued / Repaid	-1.26B	884M	1.24B	1.21B	-661M

Fiscal Period: April	2021	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	7.22	8.68	9.2	8.17	7.37
Return on Total Capital	8.91	10.83	11.5	10.07	8.92
Return On Equity %	22.35	26.18	29.3	24.42	20.48
Return on Common Equity	22.35	26.18	29.3	24.42	20.48
Margin Analysis
Gross Profit Margin %	94.51	96.72	95.42	94.14	96.42
SG&A Margin	23.64	24.02	24.14	23.94	23.85
EBITDA Margin %	43.85	43.36	43.67	43.04	44.39
EBITA Margin %	23.97	25.9	27.12	25.42	24.73
EBIT Margin %	22.74	24.54	25.9	24.3	23.67
Income From Continuing Operations Margin %	13.86	15.71	16.73	14.72	14
Net Income Margin %	13.86	15.71	16.73	14.72	14
Net Avail. For Common Margin %	13.86	15.71	16.73	14.72	14
Normalized Net Income Margin	11.74	13.14	13.81	12.05	11.56
Levered Free Cash Flow Margin	34.23	29.99	29.05	24.4	27.76
Unlevered Free Cash Flow Margin	36.71	32.18	31.43	27.54	31.02
Asset Turnover
Asset Turnover	0.51	0.57	0.57	0.54	0.5
Fixed Assets Turnover	2.84	2.97	2.96	2.78	2.49
Receivables Turnover (Average Receivables)	6.93	6.97	6.97	6.91	6.63
Inventory Turnover (Average Inventory)	3.52	1.93	2.53	3.7	2.5
Short Term Liquidity
Current Ratio	1.17	1.07	1.01	1.13	1.29
Quick Ratio	1.08	0.96	0.92	1.04	1.2
Operating Cash Flow to Current Liabilities	1.95	1.02	0.54	0.47	1.39
Days Sales Outstanding (Average Receivables)	52.67	52.4	52.38	52.98	55.07
Days Outstanding Inventory (Average Inventory)	103.8	188.92	144.33	98.81	146.11
Average Days Payable Outstanding	211.65	342.62	393.31	327.5	405
Cash Conversion Cycle (Average Days)	-55.17	-101.3	-196.59	-175.71	-203.81
Long Term Solvency
Total Debt/Equity	128.77	142.55	149.62	150.69	135
Total Debt / Total Capital	56.29	58.77	59.94	60.11	57.45
LT Debt/Equity	125.04	138.8	145.74	146.82	131.11
Long-Term Debt / Total Capital	54.66	57.23	58.38	58.57	55.79
Total Liabilities / Total Assets	64.75	67.08	67.92	67.28	64.65
EBIT / Interest Expense	5.74	6.98	6.79	4.83	4.53
EBITDA / Interest Expense	11.55	12.87	11.91	8.93	8.88
(EBITDA - Capex) / Interest Expense	11.02	11.44	10.53	7.67	8.07
Total Debt / EBITDA	1.83	1.99	2.05	2.19	2.07
Net Debt / EBITDA	1.82	1.99	2.04	2.18	2.06
Total Debt / (EBITDA - Capex)	1.92	2.24	2.31	2.55	2.28
Net Debt / (EBITDA - Capex)	1.91	2.24	2.31	2.54	2.27
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-0.45	19.94	21.41	12.32	-0.62
Gross Profit, 1 Yr. Growth %	-1.43	22.74	19.79	10.82	1.79
EBITDA, 1 Yr. Growth %	-3.37	18.59	21.97	10.7	2.51
EBITA, 1 Yr. Growth %	-6.77	29.62	27.09	5.28	-3.3
EBIT, 1 Yr. Growth %	-7.09	29.4	28.13	5.4	-3.21
Earnings From Cont. Operations, 1 Yr. Growth %	-5.72	35.97	29.3	-1.19	-5.5
Net Income, 1 Yr. Growth %	-5.72	35.97	29.3	-1.19	-5.5
Normalized Net Income, 1 Yr. Growth %	-4.62	34.24	27.64	-2.03	-4.69
Diluted EPS Before Extra, 1 Yr. Growth %	-3.9	36.57	30.89	-0.66	-4.92
Accounts Receivable, 1 Yr. Growth %	0.12	27.32	16.7	10.38	-2.58
Inventory, 1 Yr. Growth %	-11.4	64.87	7.6	-10.65	-9.14
Net Property, Plant and Equip., 1 Yr. Growth %	-3.01	21.96	22.25	17.38	5.19
Total Assets, 1 Yr. Growth %	-11.96	19.1	22.49	15.6	0.19
Tangible Book Value, 1 Yr. Growth %	29.55	-3.57	15.97	29.33	17.9
Common Equity, 1 Yr. Growth %	9.98	11.23	19.36	17.92	8.24
Cash From Operations, 1 Yr. Growth %	49.01	-22.82	-33.28	-14.55	154.38
Capital Expenditures, 1 Yr. Growth %	-49.66	188.07	28.01	34.43	-33.55
Levered Free Cash Flow, 1 Yr. Growth %	13.55	4.89	16.88	-5.67	14.9
Unlevered Free Cash Flow, 1 Yr. Growth %	10.77	4.99	17.9	-1.59	13.54
Dividend Per Share, 1 Yr. Growth %	3.69	37.93	25	5	2.86
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.74	12.03	20.67	16.78	5.66
Gross Profit, 2 Yr. CAGR %	4.67	12.77	21.26	15.22	6.21
EBITDA, 2 Yr. CAGR %	2.36	9.76	20.42	16.2	6.52
EBITA, 2 Yr. CAGR %	-2.43	12.71	28.35	15.68	0.9
EBIT, 2 Yr. CAGR %	-2.99	12.42	28.76	16.21	1.01
Earnings From Cont. Operations, 2 Yr. CAGR %	-6.45	16.08	32.6	13.03	-3.37
Net Income, 2 Yr. CAGR %	-6.45	16.08	32.6	13.03	-3.37
Normalized Net Income, 2 Yr. CAGR %	-5.69	16.02	30.9	11.83	-3.37
Diluted EPS Before Extra, 2 Yr. CAGR %	-3.13	17.46	33.7	14.03	-2.81
Accounts Receivable, 2 Yr. CAGR %	-1.96	18.57	21.9	13.5	3.7
Inventory, 2 Yr. CAGR %	-5.99	26.94	33.19	-1.95	-9.89
Net Property, Plant and Equip., 2 Yr. CAGR %	74.3	14.22	22.11	19.79	11.12
Total Assets, 2 Yr. CAGR %	5.33	7.54	20.78	19	7.62
Tangible Book Value, 2 Yr. CAGR %	10.11	17.38	5.75	22.47	23.48
Common Equity, 2 Yr. CAGR %	8.04	16.15	15.22	18.64	12.97
Cash From Operations, 2 Yr. CAGR %	67.22	9.92	-28.24	-24.49	47.43
Capital Expenditures, 2 Yr. CAGR %	-21.18	23.47	92.03	31.18	-5.48
Levered Free Cash Flow, 2 Yr. CAGR %	18.64	11.99	11.07	5	3.28
Unlevered Free Cash Flow, 2 Yr. CAGR %	18.31	10.65	11.58	7.71	4.96
Dividend Per Share, 2 Yr. CAGR %	2.65	25.21	31.31	14.56	3.92
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	10.73	12.13	15.02	17.82	10.67
Gross Profit, 3 Yr. CAGR %	9.94	12.23	15.01	17.67	10.55
EBITDA, 3 Yr. CAGR %	8.4	9.31	13.73	17.09	11.44
EBITA, 3 Yr. CAGR %	5.18	9.06	17.26	20.15	8.97
EBIT, 3 Yr. CAGR %	4.84	8.58	17.37	20.45	9.34
Earnings From Cont. Operations, 3 Yr. CAGR %	-10.38	7.74	20.27	20.21	6.48
Net Income, 3 Yr. CAGR %	-10.38	7.74	20.27	20.21	6.48
Normalized Net Income, 3 Yr. CAGR %	2.3	7.87	19.71	18.85	6.03
Diluted EPS Before Extra, 3 Yr. CAGR %	-7.23	10.44	21.72	21.1	7.33
Accounts Receivable, 3 Yr. CAGR %	6.7	10.51	17.89	17.93	7.86
Inventory, 3 Yr. CAGR %	10.16	17.15	20.08	16.6	-4.4
Net Property, Plant and Equip., 3 Yr. CAGR %	56.87	59.88	16.78	20.51	14.71
Total Assets, 3 Yr. CAGR %	11.2	13.38	12.25	19.03	12.36
Tangible Book Value, 3 Yr. CAGR %	5.56	8.85	16.85	13.09	20.92
Common Equity, 3 Yr. CAGR %	8.96	12.71	17.15	16.11	15.06
Cash From Operations, 3 Yr. CAGR %	41.62	31.37	-6.98	-23.94	13.19
Capital Expenditures, 3 Yr. CAGR %	-8.9	23.45	24.9	70.51	4.57
Levered Free Cash Flow, 3 Yr. CAGR %	14.9	15.84	13.78	5.18	7.63
Unlevered Free Cash Flow, 3 Yr. CAGR %	15.32	15.66	13.18	7.01	9.1
Dividend Per Share, 3 Yr. CAGR %	8.5	16.8	25.08	21.88	10.52
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	14.6	14.76	15.72	14.02	9.88
Gross Profit, 5 Yr. CAGR %	14.64	14.92	15.45	13.47	10.1
EBITDA, 5 Yr. CAGR %	13.39	12.82	14.16	12.12	9.49
EBITA, 5 Yr. CAGR %	10.64	12.85	15.01	11.71	9.13
EBIT, 5 Yr. CAGR %	10.17	12.36	14.94	11.62	9.24
Earnings From Cont. Operations, 5 Yr. CAGR %	11.34	14.75	5.84	9.88	8.9
Net Income, 5 Yr. CAGR %	11.34	14.75	5.84	9.88	8.9
Normalized Net Income, 5 Yr. CAGR %	8.73	11.75	14	9.49	8.6
Diluted EPS Before Extra, 5 Yr. CAGR %	13.89	17.38	8.42	11.92	9.94
Accounts Receivable, 5 Yr. CAGR %	11.51	13.47	14.73	11.75	10.68
Inventory, 5 Yr. CAGR %	12.31	24.88	21.18	9.15	5.8
Net Property, Plant and Equip., 5 Yr. CAGR %	38.51	41.6	44.68	42.51	13.14
Total Assets, 5 Yr. CAGR %	14.32	14.74	17.18	15.65	9.08
Tangible Book Value, 5 Yr. CAGR %	15.03	12.51	7.7	14.15	18.06
Common Equity, 5 Yr. CAGR %	17.17	15.27	13.59	15.1	14.11
Cash From Operations, 5 Yr. CAGR %	113.37	22.96	8.94	5.31	10.53
Capital Expenditures, 5 Yr. CAGR %	-0.87	25.56	23.96	26.54	10.42
Levered Free Cash Flow, 5 Yr. CAGR %	20.59	15.47	14.49	11.57	8.17
Unlevered Free Cash Flow, 5 Yr. CAGR %	20.49	15.53	14.95	12.59	8.53
Dividend Per Share, 5 Yr. CAGR %	13.38	18.31	19.24	15.95	14.79