Sunbelt Rentals Holdings, Inc.
SUNB.US Full Coverage
Last updated:
Volume
52W avg
Day Range
52W High
52W Low
Market Cap
Div Yield
Forward P/E
P/B
Headlines
FY2026 Q4
Sunbelt Rentals accelerated its growth engine with a $650 million Reliant Asset Management acquisition, launching a new Modular Solutions specialty line. In Q4 FY2026 revenue rose 8.9% YoY, lifting full‑year revenue to $11.15 billion, while the adjusted EBITDA margin slipped 210 bps to 41.9%; the company still generated a record $2.06 billion of free cash flow and returned $1.88 billion to shareholders.
Q4 Rental Revenue Growth (YoY)
8.0%
+8.0%
FY26 Adjusted EBITDA Margin
41.9%
-210 bps
FY27 Rental Revenue Growth Guidance
5.0% - 8.0%
Introduced
FY26 Free Cash Flow
$2.06B
+22.7% YoY
Q4 N.A. Specialty Rental Revenue Growth (YoY)
15.1%
+15.1%
What We're Watching
Opportunity
Local Non-Residential Market Conditions
📅
Next Quarter
What to Monitor
Any shift in management’s description from "equilibrium" or "stable" to language indicating an inflection point (positive or negative).
Why It Matters
The FY2027 guidance assumes a flat local market. An unexpected recovery would provide significant upside to General Tool revenue, while a deterioration would create a material headwind.
Operational
Mega-Project Pipeline Execution
📅
Ongoing
What to Monitor
Commentary on the pace of "load-ins" for the newly awarded ~$25B project funnel and the magnitude of the associated margin compression in Q1.
Why It Matters
This validates the primary growth driver for FY2027. The margin impact in H1 will determine the feasibility of the guided "back half" margin improvement story.
Strategic
Aries (Modular Solutions) Integration
📅
Next Quarter
What to Monitor
Initial revenue contribution, quantification of the "drag on margin," and early progress on cross-selling and geographic expansion plans.
Why It Matters
This is the first major test of Sunbelt's strategy to enter new specialty verticals. Early execution success is critical to validating this new long-term growth platform.
Opportunity
Dynamic Customer Pricing Traction
📅
Ongoing
What to Monitor
Qualitative or quantitative evidence that the initiative is delivering tangible rate improvement and margin benefit, especially on ancillary services.
Why It Matters
This is a key internal lever to offset margin headwinds from mix shift and represents the most likely source of upside to the company’s flat margin guidance for FY2027.
Risk
Ancillary vs. Pure Rental Revenue Growth
📅
Next Quarter
What to Monitor
The growth rate divergence between lower-margin ancillary revenues and higher-margin pure rental revenue, particularly in the Specialty segment.
Why It Matters
This mix shift was a primary driver of FY2026 margin compression. A continuation of the trend could challenge the company’s ability to stabilize margins as guided.
