EquipmentShare Leaps and Bounds in the Third Quarter
EquipmentShare posted $1.468 billion in total revenue in the third quarter of 2026, compared to $945 million in the third quarter of 2025, a 55.3-percent rental volume increase. Equipment rental and services operations also posted a massive increase, with $1.113 billion in Q326 compared to $746 million in the third quarter of 2025, a 49.2-percent leap. Equipment sales totaled $294 million compared to $167 million a year ago, a 76-percent jump.
“We delivered another exceptional quarter, with 32-percent growth in OEC producing 49-percent growth in Rental Segment revenue and 52-percent growth in Rental Segment adjusted EBITDA, while margins expanded both year over year and sequentially,” said Jabbok Schlacks, founder and CEO of EquipmentShare. “Strong fleet absorption and the maturation of our network were meaningful drivers of that performance. Mature rental locations generated 54-percent margins on a trailing 12-month basis and we expect over 260 mature sites by year-end, up 76 since the start of 2026. Alongside that, customers are taking on larger, more complex projects and consolidating their spend with us on one platform that combines equipment, technology and service. Given our visibility into customer demand, we are confident in our full-year 2026 outlook and see an opportunity to outperform it.”
“Construction teams have no patience for technology that adds steps, so we build T3 to be intuitive, reliable and useful in the flow of work,” said Willy Schlacks, founder and president of EquipmentShare. “This quarter we advanced touchless equipment access, machine-mounted 360-degree safety and capture systems, and our next-generation telemetry device. Across all three, the goal is the same: make the equipment more useful and give customers better visibility and control.”or the trailing 12-month period ended Sept 30, 2026, total revenue for EquipmentShare was $5.476 billion, compared to $4.362 billion, a 25.5-percent increase. The equipment sales and services operations segment totaled $3.556 billion for the 12-month-trailing period, compared to $2.523 in the previous 12-month period, a 40.9-percent leap. Equipment sales declined slightly in the 12-month trailing period compared to the previous one, dropping from $1.758 billion to $1.706 billion, a 3-percent dip.WN program payouts were $254 million in the third quarter compared to $185 million in the third quarter of 2026, a 37.3-percent increase.
The company opened 18 operational locations during the third quarter, including 17 full-service rental locations and one building material location.
EquipmentShare, based in Columbia, Mo., is No. 4 on the RER 100.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.
