# Sunbelt Rentals Holdings, Inc. (SUNB) — Stock CV

Sunbelt Rentals Holdings, Inc. 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.

> 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.

## Identity

- **Ticker**: SUNB
- **Sector**: Industrials
- **Industry**: Rental & Leasing Services
- **Headquarters**: FORT MILL, SC
- **Employees**: 26 016
- **Website**: https://www.sunbeltrentals.com
- **Market cap**: $30.8B
- **Last price**: $75.17
- **Financial profile**: Strained

## Vitals (FY2026)

- **Revenue**: $11.2B
- **Net income**: $1.32B
- **Free cash flow**: $1.59B
- **P/E**: 22.3
- **Revenue growth (YoY)**: 3.4%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 62 |
| Growth | 49 |
| Profitability | 60 |
| Health | 24 |
| Quality | 97 |
| Moat | 63 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [x] Revenue growing — +3.4% YoY
- [x] Profitable — $1.32B FY2026
- [ ] Profit growing — -4.9% YoY
- [x] Generates cash — $1.59B FY2026
- [ ] Debt under control — current ratio 0.94
- [x] Established company — $30.8B market cap
- [x] Not printing shares — -6.0% shares over ~5y
- [x] Proven track record — 5/5 profitable years
- [ ] Financially stable — health score 24/100
- [x] Pays a dividend — yield 2.50%
- [x] Valuation not extreme — P/E 22.3

## Experience (career milestones)

- **FY2024** — Revenue crossed $10B: $10.9B for the year
- **FY2023** — Best year on record: $1.62B net income
- **FY2022** — Profitable every year on record: 5 consecutive profitable years in our data
- **FY2022** — Revenue already above $1B: $7.96B in first reported year
- **FY2022** — Positive free cash flow every year since: 5-year streak
- **1986** — It was first listed on the London Stock Exchange in 1986 and acquired an American plant hire business, Sunbelt…
- **1947** — The company was founded in 1947, in the village of Ashtead, Surrey

## Strengths

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

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $7.96B | $1.25B | $490M |
| FY2023 | $9.67B | $1.62B | $78.0M |
| FY2024 | $10.9B | $1.57B | $1.61B |
| FY2025 | $10.8B | $1.55B | $2.01B |
| FY2026 | $11.2B | $1.32B | $1.59B |

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Source: https://stockcv.com/SUNB — derived from company filings; may be delayed or incomplete. Information, not investment advice.