Sunbelt Rentals Holdings Inc. Common Stock (SUNB)

FairStock Score: 53/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Sunbelt Rentals as a real business: it rents construction and industrial equipment through a large North American and U.K. network. Scale and fleet availability can create a modest edge, but equipment rental is capital-intensive, cyclical, and competitive, so the moat is not wide. The filed numbers are mixed. In fiscal FY2026, the year ended 2026-04-30, revenue was $2.5B, net income $1.3B, and diluted EPS $3.15. That compares with fiscal FY2025, ended 2025-04-30, at $2.4B revenue, $1.6B net income, and $3.55 EPS, and fiscal FY2024, ended 2024-04-30, at $2.8B, $1.6B, and $3.58. Over two years sales and profits have shrunk—FairStock's Lynch category is SLOW GROWER — Shrinking, with profit down 8.2% a year and revenue down 5.3%. More recently, fiscal Q1 2027, the quarter ended 2026-07-31, showed revenue of $701M, net income of $438M, and diluted EPS of $1.07, up from fiscal Q1 2026, ended 2025-07-31, at $611M, $373M, and $0.87. But fiscal Q3 2026, ended 2026-01-31, had net income of $290M and EPS of $0.69 versus $325M and $0.74 in fiscal Q3 2025, ended 2025-01-31, even as revenue rose to $584M from $570M. Financial health is leveraged: D/E is 1.53, Altman Z is 1.84, ROCE is 6.71%, while ROE is 18.37% and Piotroski is 8/9. At $77.33 on 2026-10-13, the P/E is 23.08 and P/B is 4.28; the Graham Number is $37.01, leaving a negative 108.94% margin of safety. I see a decent operator, but the price already asks for a lot.

In plain English: Sunbelt Rentals rents construction and industrial equipment in the U.S., U.K., and Canada. The business has shown recent profit growth in one filed quarter, but its full-year sales and earnings have slipped from two years ago and it uses a lot of debt. At the recent price of $77.33, the shares look expensive compared with the company's accounting value and a conservative estimate of what the numbers justify.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2027 10-Q (period ended 2026-07-31) · fiscal Q3 2026 10-Q (period ended 2026-01-31) · fiscal Q1 2026 10-Q (period ended 2025-07-31) · fiscal Q3 2025 10-Q (period ended 2025-01-31) · FY2026 10-K (period ended 2026-04-30) · FY2025 10-K (period ended 2025-04-30) · FY2024 10-K (period ended 2024-04-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer