# Sunbelt Rentals Holdings (SUNB.US)

Canonical: https://gigainvestors.com/s/SUNB

Analysis as of: 2026-10-16T07:26:37.089Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $76.51 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Gavin Abrams](https://gigainvestors.com/ABI): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Nicolai Tangen](https://gigainvestors.com/AKO): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Glenn Greenberg](https://gigainvestors.com/CCM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Pat Dorsey](https://gigainvestors.com/DA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [David Hoeft](https://gigainvestors.com/DAC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Francois Rochon](https://gigainvestors.com/GC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Thomas Russo](https://gigainvestors.com/GR): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Nygren](https://gigainvestors.com/HA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Thomas Gayner](https://gigainvestors.com/MKL): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Ruane](https://gigainvestors.com/RC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Christopher Bloomstran](https://gigainvestors.com/SA): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Up 18% since Mar 2026 · "Sunbelt outlines FY2027 revenue growth of 6%-9% as it raises CapEx to $2.75B-$3.15B" (seekingalpha.com, Sep 2026)

Story as of 2026-10-16T09:58:20.078Z; price observation 2026-10-15.

- 2026-09-09: Sunbelt outlines FY2027 revenue growth of 6%-9% as it raises CapEx to $2.75B-$3.15B ([seekingalpha.com](https://seekingalpha.com/news/4641299-sunbelt-outlines-fy2027-revenue-growth-of-6-percentminus-9-percent-as-it-raises-capex-to?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in rental & leasing services; annual sales are USD 11.2 billion.

- Source: https://www.sec.gov/Archives/edgar/data/2083785/000162828026044888/snblt-20260430.htm (filed 2026-06-23); FY2026: revenue 11154000000; grossProfit 4290000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); SUNB.US: Sunbelt Rentals Holdings, Inc., together with its subsidiaries, engages in the construction, industrial, and general equipment rental business under the Sunbelt Rentals brand name in the United States, the United Kingdom, and Canada. The company operates through North America-General Tool, North America-Specialty, and United Kingdom segments. It provides construction, industrial and general equipment, such as mobile elevating work platforms, skid steers, forklifts, excavators, lighting equipment and small general tools; and power and hvac, climate control, scaffold services, flooring solutions, pump solutions, trench safety, industrial tool, film and television, temporary structures, ground protection, temporary fencing, and temporary walls. The company serves multinational businesses, local contractors, individual do-it-yourselfers, construction and industrial customers, service, repair and facility management businesses, emergency response organizations, event organizers, as well as government entities, including municipalities and specialist contractors. The company was founded in 1947 and is based in Fort Mill, South Carolina.

### Why customers stay

Margins ranged from 38.5% to 88.9% during 2024–26.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-23); FY2024: grossProfit / revenue = 88.9%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-23); FY2025: grossProfit / revenue = 88%.

- Source: https://www.sec.gov/Archives/edgar/data/2083785/000162828026044888/snblt-20260430.htm (filed 2026-06-23); FY2026: grossProfit / revenue = 38.5%.

### Where the cash goes

Reinvests 6.3% of cash earnings; paid dividends in 5 of 5 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-23); FY2022: growth capex 0; upkeep 398400000; owner earnings 2514300000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-23); FY2023: growth capex 0; upkeep 510000000; cash acquisitions 1083200000; owner earnings 2997500000. Growth capex plus acquisitions / owner earnings = 0.36136780650542116.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-23); FY2024: growth capex 0; upkeep 685600000; cash acquisitions 846000000; owner earnings 3151400000. Growth capex plus acquisitions / owner earnings = 0.26845211651964207.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-23); FY2025: growth capex 0; upkeep 455600000; cash acquisitions 134000000; owner earnings 3504000000. Growth capex plus acquisitions / owner earnings = 0.03824200913242009.

- Source: https://www.sec.gov/Archives/edgar/data/2083785/000162828026044888/snblt-20260430.htm (filed 2026-06-23); FY2026: growth capex 0; upkeep 352000000; cash acquisitions 206000000; owner earnings 3282000000. Growth capex plus acquisitions / owner earnings = 0.0627666057282145.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-23); Dividend observations: [[2022,269300000],[2023,357800000],[2024,436100000],[2025,544200000],[2026,464000000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/2083785/000162828026044888/snblt-20260430.htm (filed 2026-06-23); FY2026: cash repurchases 1432000000 USD.

### Are managers owners

Insiders own 0.2% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); SUNB.US SharesStats.PercentInsiders = 0.20600000000000002 percentage points; cache date 2026-10-16.

### What the price says

The price is 2.9 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-23); Closing price 76.51 USD; reporting-to-trading FX 1; FY2026 annual sales per share 26.493616967019662; price multiple 2.88786540906222. FY2026 cash earnings/share 7.795593588466786. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2026-03: $65.09 per share

- 2026-04: $76.53 per share

- 2026-05: $78.05 per share

- 2026-06: $74.81 per share

- 2026-07: $71.92 per share

- 2026-08: $72.28 per share

- 2026-09: $73.21 per share

- 2026-10: $76.51 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/2083785/000162828026044888/snblt-20260430.htm); period 2026-04-30, filed 2026-06-23.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.