Sunbelt Rentals
SUNB · NYSEServices-Equipment Rental & Leasing, NEC · Fiscal year ends Apr 30
Sunbelt Rentals reported revenue of $2.5B in the fiscal year ended Apr 2026, up 4.4% from the year before. Operating income was $2.2B, an operating margin of 86.9%, and net income was $1.3B. Net debt was $7.6B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Apr 2024 | Apr 2025 | Apr 2026 |
|---|---|---|---|
| Revenue | $2.8B | $2.4B | $2.5B |
| Cost of revenue | $6.4B | $6.5B | $6.9B |
| Gross profit | $4.5B | $4.3B | $4.3B |
| Selling, general & admin | $1.6B | $1.4B | $1.7B |
| Operating income | $2.5B | $2.5B | $2.2B |
| Pre-tax income | $2.1B | $2.1B | $1.8B |
| Income tax | $522M | $517M | $476M |
| Net income | $1.6B | $1.6B | $1.3B |
| Diluted EPS | 3.58 | 3.55 | 3.15 |
| Diluted shares | 439M | 437M | 421M |
Balance sheet
| Fiscal year | Apr 2024 | Apr 2025 | Apr 2026 |
|---|---|---|---|
| Cash & equivalents | $21M | $21M | $29M |
| Receivables | – | $1.5B | $1.7B |
| Inventory | – | $147M | $180M |
| Current assets | – | $2B | $2.2B |
| Goodwill | $3.3B | $3.3B | $3.5B |
| Total assets | – | $22B | $22.3B |
| Payables | – | $302M | $472M |
| Deferred revenue | – | $75M | $99M |
| Current liabilities | – | $1.6B | $2.5B |
| Short-term debt | – | $0 | $550M |
| Long-term debt | – | $7.5B | $7B |
| Total liabilities | – | $14.2B | $14.9B |
| Shareholders' equity | $7.1B | $7.8B | $7.4B |
Cash flow
| Fiscal year | Apr 2024 | Apr 2025 | Apr 2026 |
|---|---|---|---|
| Operating cash flow | $3.7B | $3.8B | $3.8B |
| Depreciation & amortisation | $2B | $2.3B | $2.3B |
| Stock-based compensation | $92M | −$9M | $80M |
| Acquisitions | $846M | $134M | $206M |
| Share buybacks | $78M | $342M | $1.4B |
| Dividends paid | $436M | $544M | $464M |
| Dividend per share | 1.01 | 1.25 | 1.10 |
Key ratios
| Fiscal year | Apr 2024 | Apr 2025 | Apr 2026 |
|---|---|---|---|
| Revenue growth (YoY) | – | −14.1% | 4.4% |
| Operating income growth (YoY) | – | −0.5% | −12.7% |
| EPS growth (YoY) | – | −0.8% | −11.3% |
| Gross margin | 160.0% | 179.7% | 171.0% |
| Operating margin | 89.7% | 104.0% | 86.9% |
| Net margin | 56.2% | 64.6% | 52.8% |
| Return on equityBlank when equity is negative | 22.3% | 19.9% | 17.9% |
| ROCEEBIT ÷ (assets − current liabilities) | – | 12.2% | 11.0% |
| Cash conversion (CFO ÷ net income) | 2.33x | 2.48x | 2.86x |
| Receivable days | – | 225 | 243 |
| Inventory days | – | 8 | 10 |
| Payable days | – | 17 | 25 |
| Debt ÷ equity | – | 0.96x | 1.02x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | – | $7.5B | $7.6B |
| Current ratio | – | 1.30x | 0.90x |
Recent filings
More in Services-Equipment Rental & Leasing, Nec
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.