AI-extracted from the 10-Q filed 2026-09-09 — Q1 FY2027 (quarter ended July 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Sunbelt Rentals delivered Q1 revenue of $3.1B (+11% YoY) with net income of $438M (+17% YoY), driven by strong equipment rental growth across North America segments.
Biggest Revenue Drivers
Equipment rentals$2,927M+13% YoY
Increased rental volume in North American segments coupled with positive rental rate momentum; dollar utilization improved to 55% from 54%.
Sales of new equipment, merchandise and consumables$103M+6% YoY
Higher volume of new equipment sales, most pronounced in North America–Specialty segment.
Biggest Revenue Drivers
Total revenue: $3,115M+11% YoY
Equipment rentals$2,927M+13% YoY
Increased rental volume in North American segments coupled with positive rental rate momentum; dollar utilization improved to 55% from 54%.
Sales of new equipment, merchandise and consumables$103M+6% YoY
Higher volume of new equipment sales, most pronounced in North America–Specialty segment.
Sales of rental equipment$85M-17% YoY
Lower volume of used equipment sales offset by improved used equipment pricing and mix.
Largest Expense Items
Cost of equipment rentals, excluding depreciation$1,265M+18% YoY
Increased staff costs reflecting activity levels and fuel costs from market factors and ancillary revenue growth.
Depreciation of rental equipment$470M+3% YoY
Larger fleet size and continued life cycle inflation on rental fleet.
Selling, general and administrative expenses$443M+7% YoY
Increased staff costs partially offset by lower restructuring costs related to Redomiciliation and U.S. Listing.
Interest expense, net$107M+13% YoY
Higher average debt levels partially offset by lower average interest rates.
Watch Items from the Filing
Free cash flow declined sharply to $70M from $468M YoY due to rental equipment purchases surging to $759M from $394M, while acquisitions consumed $667M versus $20M.
Debt increased to $8.6B from $7.6B at fiscal year-end, with $1.2B in new senior notes issued in Q1; ABL facility utilization at $1.2B of $4.8B commitment.
North America–Specialty segment achieved strong 25% equipment rental growth and 77% dollar utilization (+3 ppts), demonstrating expanding penetration in lower-penetration rental markets.
Currency exposure: 15% of Q1 revenue from non-USD operations (UK pounds, Canadian dollars); 1% FX movement would impact pre-tax profits $0.1M annually and equity by $22.7M.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Fuller-Andrews LynneEVP & General CounselGrant or award · Sep 18, 2026
About Sunbelt Rentals Holdings, Inc. (SUNB): stock profile, AI score and financials
Sunbelt Rentals Holdings, Inc. (SUNB) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores SUNB at 76.9/100 on a composite quality score built from its SEC filings, placing it at rank #75 of 2,925 stocks — the top 5% of the AI-ranked universe. SUNB scores in the top quartile across institutional flow (89.6), revenue scale (87.3), free cash flow (86.2). Based on the latest XBRL financial filings (Q1 2027), Sunbelt Rentals Holdings, Inc. reports quarterly revenue of $3.1B, net income of $438.0M, an operating margin of 22.2%. Top institutional holders of SUNB by reported 13-F value include DODGE & COX, VANGUARD CAPITAL MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. SUNB trades on the NYSE exchange and files with the SEC under CIK 2083785. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SUNB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Sunbelt Rentals Holdings, Inc. directly from SEC EDGAR.