Logo

ALTG-PA

Alta Equipment Group Inc.

ALTG-PA

Alta Equipment Group Inc. • NYSE
$25.17 ▲ 0.24% (+0.06)
Market Cap $806.65 M
52w High $26.15
52w Low $23.05
Dividend Yield 2.50%
P/E -41.26
Volume 1.68K
Outstanding Shares 10.76M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $422.6M ▼ $113M ▼ $-41.6M ▼ -9.844% ▼ $-1.31 ▼ $-7.5M ▼
Q2-2025 $481.2M ▲ $134.7M ▲ $-6.1M ▲ -1.268% ▲ $-0.21 ▲ $52.1M ▲
Q1-2025 $423M ▼ $114.2M ▲ $-20.9M ▼ -4.941% ▼ $-0.65 ▼ $34.1M ▼
Q4-2024 $498.1M ▲ $114.1M ▼ $-10.6M ▲ -2.128% ▲ $-0.34 ▲ $38.6M ▼
Q3-2024 $448.8M $117.8M $-27.7M -6.172% $-0.86 $44.3M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $14.1M ▲ $1.431B ▼ $1.428B ▲ $2.9M ▼
Q2-2025 $13.2M ▲ $1.436B ▼ $1.392B ▼ $43.9M ▼
Q1-2025 $11.1M ▼ $1.504B ▲ $1.448B ▲ $56M ▼
Q4-2024 $13.4M ▼ $1.48B ▼ $1.403B ▼ $77.6M ▼
Q3-2024 $14.6M $1.549B $1.453B $95.7M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $0 ▲ $0 ▼ $0 ▼ $0 ▲ $0 ▼ $0 ▼
Q2-2025 $-6.1M ▲ $14.1M ▲ $5.9M ▲ $-18.1M ▼ $2.1M ▲ $200K ▲
Q1-2025 $-20.9M ▼ $-17.5M ▼ $-14.3M ▼ $29.5M ▲ $-2.3M ▼ $-31.2M ▼
Q4-2024 $-10.6M ▲ $34.9M ▼ $-8.2M ▲ $-27.6M ▼ $-1.2M ▼ $21.4M ▼
Q3-2024 $-27.7M $43.1M $-10.6M $-22.4M $10.1M $23.9M

Revenue by Products

Product Q2-2024Q4-2024Q1-2025Q2-2025
Parts Sales
Parts Sales
 $80.00M ▲$0 ▼$70.00M ▲$80.00M ▲
Rental Revenue
Rental Revenue
 $50.00M ▲$150.00M ▲$40.00M ▼$50.00M ▲
Service
Service
 $70.00M ▲$0 ▼$70.00M ▲$60.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Alta has scaled up quickly over the past several years, moving from a smaller regional player to a much larger platform. Revenue has grown strongly over time, but more recently it has flattened out, suggesting the easy growth phase from acquisitions and expansion may be slowing. Profitability at the operating level is positive but thin, meaning there is not a lot of margin for error on costs or pricing. The bottom line has been choppy, with small profits in prior years turning into a loss most recently. That pattern points to a business that is fundamentally viable but still sensitive to integration costs, interest expense, and economic swings in its end markets.

Balance Sheet

Balance Sheet The balance sheet shows a business built on heavy use of debt to fund equipment and acquisitions. Total assets have expanded meaningfully, but this growth has been financed largely with borrowing rather than retained earnings. Cash balances are quite lean relative to the size of the business, while equity remains modest, which underscores a fairly leveraged capital structure. This approach can amplify returns in good markets but leaves the company more exposed if demand weakens or financing conditions tighten, given the ongoing need to service a sizable debt load.

Cash Flow

Cash Flow Alta’s operations are generating positive cash flow, which is an important sign that the underlying business is functioning and customers are paying on time. However, the company consistently spends heavily on equipment and growth investments, so free cash flow tends to be negative. This is typical for capital‑intensive rental and dealership models but implies reliance on external capital to support expansion and fleet refresh. The key question going forward is whether future growth and higher-margin service and technology offerings can eventually cover these investment needs and turn free cash flow sustainably positive.

Competitive Edge

Competitive Edge Competitively, Alta benefits from being one of the larger integrated dealership and rental platforms in its markets. Exclusive territorial relationships with major equipment manufacturers and a wide network of branches provide meaningful advantages, especially in service responsiveness and customer stickiness. Its “cradle‑to‑grave” model, spanning sales, rentals, parts, and maintenance, creates recurring revenue and makes it harder for customers to switch providers. At the same time, the company still operates in cyclical, competitive markets, facing pressure from other regional dealers and national rental chains, and it remains dependent on the strength and policies of its OEM partners.

Innovation and R&D

Innovation and R&D Alta stands out among traditional equipment dealers for its push into automation, electrification, and data‑driven services. The Emerging Technology division, solution‑agnostic energy offerings, robotics integration, telematics, and the dedicated Innovation Center all point to a deliberate effort to move “beyond the iron” into higher‑value technology solutions. This can deepen customer relationships and potentially boost margins over time. However, the company is not a pure technology firm; much of this work is applied integration rather than classic research and development. Success will depend on actual customer adoption, execution in complex deployments, and the company’s ability to attract and retain skilled technical talent.

Summary

Overall, Alta Equipment Group combines a traditional, asset‑heavy rental and dealership model with a more modern, technology‑oriented strategy. The business has grown rapidly and built a meaningful competitive position, with valuable OEM relationships, a broad service footprint, and growing exposure to automation and electrification trends. Financially, though, it remains a high‑investment, highly leveraged platform with thin margins, uneven net income, and negative free cash flow. The story going forward hinges on whether management can continue to integrate acquisitions smoothly, expand higher‑margin service and tech offerings, and gradually improve balance sheet strength, all while navigating the natural cycles of construction and industrial demand and the burden of its debt financing.