Ashtead Group PLC, trading as ASHTF on the OTC exchange, stands strong in the rental equipment industry. Operating primarily in the US, Canada, and the UK, Ashtead derives considerable revenue from the US market.

The company, known for its subsidiary Sunbelt Rentals, reported solid earnings on June 17, 2025. The company achieved earnings per share of $0.78, exceeding estimates of $0.73, showcasing its resilience in revenue generation.

Despite positive earnings, overall revenue of approximately $2.53 billion fell short of the expected $2.63 billion. However, Sunbelt Rentals achieved record yearly rental revenues with a notable 4% year-on-year increase, reaching $10 billion.

While Ashtead demonstrated strength in core rental operations, the company faced profitability challenges. Operating yearly profit decreased by 4% to $2.6 billion. Adjusted pre-tax profit fell by 5% to $2.1 billion, amid a 0.7% drop in the share price. However, a significant increase in adjusted EBITDA to $5 billion indicates strong cash generation capabilities.

The market values Ashtead with a price-to-earnings ratio of approximately 17.09 and a price-to-sales ratio of about 2.35. Its debt-to-equity ratio of approximately 1.39 reflects financial leverage, while a current ratio of around 1.44 confirms the company’s ability to cover short-term liabilities.