Macroeconomic conditionsmixed · 3 filings
“The increase was primarily due to a larger fleet size and the continued impact of life cycle inflation on our fleet.”10-Q · Sep 9, 2026 ↗
Sunbelt Rentals Holdings, Inc.
SUNB
Market read
No connected market move is active around Sunbelt Rentals Holdings, Inc..
No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 8 directly disclosed connections are confirming.
P/E22.0xlatest annual facts
Revenue YoY+4.4%2026-04-30
Operating margin86.9%-17.0 pts YoY
Company+0.8% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Working-capital movements reduced operating cash flow as receivables increased and accounts payable decreased.
- Management cited life-cycle inflation in the fleet as a reason for the increase in margin-related results.
Invalidation: The isolated read changes if SUNB's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 8 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Working-capital movements reduced operating cash flow as receivables increased and accounts payable decreased.
- Management cited life-cycle inflation in the fleet as a reason for the increase in margin-related results.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods3
Price observations148
Usable filing statements105
Verified relationships8
Evidence supporting the case
- Operating cash flow covered net income at 2.86x in the latest annual period.
Evidence challenging the case
- Operating margin changed -17.0 percentage points in the latest annual period.
- Net margin changed -11.8 percentage points in the latest annual period.
Questions before a position
- P/E is 99% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 347% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 30, 2026
73.246m+12.5%12m—24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2024-04-30$2.8B—$3.58—
2025-04-30$2.4B-14.1%$3.55-0.5%
2026-04-30$2.5B+4.4%$3.15-3.6%
What management says matters
Persistent and emerging business drivers
Supply chain and availabilitymixed · 3 filings
“Global Economic Conditions Our operations are impacted by global economic conditions, including inflation, tariffs, interest rate fluctuations and supply chain constraints, and we take actions to modify our plans to address such economic conditions.”10-Q · Sep 9, 2026 ↗
Tariffs and trade policymixed · 3 filings
“Global Economic Conditions Our operations are impacted by global economic conditions, including inflation, tariffs, interest rate fluctuations and supply chain constraints, and we take actions to modify our plans to address such economic conditions.”10-Q · Sep 9, 2026 ↗
Foreign exchangemixed · 2 filings
“This increase was primarily due to favorable foreign exchange movements, with equipment rentals revenue in local currency (in British pounds) 2% lower compared to the year ended April 30, 2025.”10-K · Jun 23, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 12.3× · EV/sales 15.1×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Fewer than 4 annual revenue periods; too little history to scaffold scenarios.
Price action
How the market is pricing the story
74.40+0.8% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 13:30 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for SUNB. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for SUNB. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind SUNB
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
EQPTEquipmentShare.com Inc.competitorJun 23, 2026 ▾
“In North America, our largest national competitors include United Rentals, Herc Rentals and EquipmentShare.”
HRIHerc Holdings Inc.competitorJun 23, 2026 ▾
“In North America, our largest national competitors include United Rentals, Herc Rentals and EquipmentShare.”
Depended on by
ROADConstruction Partners, Inc.customerNov 25, 2025 ▾
“Projects and Customers We provide construction products and services to both public and private infrastructure projects, with an emphasis on highways, roads, bridges, airports, and commercial and residential sites throughout the Sunbelt in Alabama, Florida, G…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
SUNB is currently a Leader in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for SUNB; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.