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EquipmentShare.com

EQPT on Nasdaq. EquipmentShare sells equipment rental and fleet tracking software to construction companies. Market value $4.7bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.

Cash flow or capital spending isn't reported, so free cash flow is unknown.

We can't pin down how many shares it has, so we don't rank it.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Technology stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
annual report to December 2025
n/a

We could not compute this from the filings.

Price to profit
past 12 months to June 2026
14.5×fair

You pay 14.5 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
n/a

The filings do not give us enough to work this out.

Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.

$18.90 a share, 20% above its 1-year low

Over the past year the price has ranged from $15.71 to $35.50.

Dividend: 2.5% a year

Paid in its latest year

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
2025
Revenue
$4.4bn
Operating margin
6.8%
Debt to equity
6.55
Shares outstanding
0.08bn

Health checks

  • Free cash flow positiveNot enough data
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)Not enough data
  • Profit backed by cash (accruals)Not enough data
  • Debt6.55× equity
  • Revenue growth, five yearsUnknown
  • Buying back its own sharesRoughly flat

Dates

Next results (estimated)
n/a
Last annual report (10-K)
19 March 2026
Next quarterly (estimated, 10-Q)
12 November 2026

Who owns it

1 long-term investor we follow owns it, down from 2 last quarter. 145 funds in all.

Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

5 investors own more than 5%.

  • Neil Chheda
    Passive investor
    at least 24.3%
    (filed with 10 related holders)
    Since 31 March 2026
  • Jabbok Schlacks
    Insider or founder
    at least 14.9%0.0 pts
    (filed with 1 related holder)
    Since 15 June 2026
    What they said

    The information set forth in Items 3 and 6 of this Statement is hereby incorporated by reference into this Item 4. The Reporting Persons acquired all of their securities for investment purposes and are being held as a long-term investment. The Reporting Persons intend to…

    Read the filing
  • William J. Schlacks IV
    Passive investor
    14.9%
    Since 31 March 2026
  • at least 8.3%
    (filed with 2 related holders)
    Since 31 March 2026
  • Insight Venture Associates IX, Ltd.
    Passive investor
    at least 6.3%
    (filed with 5 related holders)
    Since 31 March 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 5 insiders bought $5m of shares on the open market.

  • Schlacks Jabbok
    Founder & CEO, Director
    Bought
    Date
    15 September 2026
    Shares
    22,900
    Price
    $17.76
    Value
    $406,704
  • Schlacks Jabbok
    Founder & CEO, Director
    Bought
    Date
    14 September 2026
    Shares
    2,100
    Price
    $18.00
    Value
    $37,800
  • Schlacks William J.
    Founder & President, Director
    Bought
    Date
    2 September 2026
    Shares
    10,000
    Price
    $17.79
    Value
    $177,900
  • Schlacks Jabbok
    Founder & CEO, Director
    Bought
    Date
    2 September 2026
    Shares
    10,000
    Price
    $17.69
    Value
    $176,900
  • Schlacks Jabbok
    Founder & CEO, Director
    Bought
    Date
    1 September 2026
    Shares
    15,000
    Price
    $17.03
    Value
    $255,450
  • Schlacks Jabbok
    Founder & CEO, Director
    Bought
    Date
    31 August 2026
    Shares
    15,500
    Price
    $17.46
    Value
    $270,630
  • Schlacks Jabbok
    Founder & CEO, Director
    Bought
    Date
    28 August 2026
    Shares
    9,500
    Price
    $17.87
    Value
    $169,765
  • Schlacks William J.
    Founder & President, Director
    Bought
    Date
    21 August 2026
    Shares
    2,000
    Price
    $18.64
    Value
    $37,280
  • Schlacks William J.
    Founder & President, Director
    Bought
    Date
    18 August 2026
    Shares
    4,000
    Price
    $19.56
    Value
    $78,240
  • Schlacks William J.
    Founder & President, Director
    Bought
    Date
    17 August 2026
    Shares
    3,100
    Price
    $21.34
    Value
    $66,146

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 19 Mar 2026, plus the 10-Q filed 13 Aug 2026 and 7 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • It carries a lot of debt: 6.6× its equity.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.