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Sunbelt Rentals Holdings, Inc.

SUNB · Technology · $31.0B mkt cap · FY2026 filings · · not refreshed in 37 days · Shallow moat ·

Doesn't clear the bar

Shallow moat
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The five investor questions

20

2024–2026 (latest 3 aligned FYs; v3 window cap 5): revenue $2.8B to $2.5B, decreasing; diluted EPS 3.58 to 3.15, decreasing.

97

Median gross margin 171.0% over 3y, very stable.

55

Median ROIC 12.3%, above the 12% hurdle in 67% of years.

77

Net debt/EBITDA 1.7x, no material interest expense disclosed.

29

Owner earnings changed -8.2%/yr over up to the ten most recent annual observations.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
80% above value if growth stopped today
$1.6B
$42.06
$42.06
$75.67
80% above value if growth stopped today

What today’s price assumes: owner earnings growing ~12%/yr over 5 years. The zero-growth estimate assumes owner earnings stay flat (0% growth).

How to read this

We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. Flag status unavailable — four adjacent recent FY revenue observations are required.

Among the current top-score group, the median current price is 239% above the zero-growth estimate across 48 of the current top 50 companies by Moat Score with both values.

Score records captured Jul 26, 2026.

Exactly which 50 companies?

FTNT, META, MEDP, IBEX, MSFT, GOOGL, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, GRMN, SSD, MNST, DOCS, MCO, CPRT, NTAP, LRCX, NVDA, CORT, SFM, MPTI, ULTA, SN, RMD, ROL, PAYC, IRMD, INTU, DECK, MORN, LGCY, DAL, GWW, ISRG, MPWR, CTAS, LOPE, MRK, CMG, FAST, BKNG, ORLY

Missing a usable price or zero-growth estimate: ANF, BKNG.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

4 years of fundamentals

The business, in plain English

Sunbelt Rentals Holdings, Inc. booked $2.5B of revenue in FY2026 in the Technology sector and kept 171.0% of it as gross profit — a high-margin business by that measure. After every other cost, 52.8% of each revenue dollar reached the bottom line.

It earned 10.7% on invested capital in the latest filed year, FY2026. Across the full 3-year measurable filed record, median ROIC was 12.3%. Over the v3 recent window (3 measurable filed years), median ROIC was 12.3%. The Returns on Capital filter above scores it 55/100.

The balance sheet carried $7.6B of total debt in FY2026 against $1.3B of owner earnings — roughly 5.7 years of owner earnings to retire it all. Balance-Sheet Safety scores it 77/100.

Put together: Pricing Power is the strongest of the five filters (97/100) and Business Trend the weakest (20/100), which is how SUNB lands at 56/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2023–FY2026 · 4 fiscal years, normalized from SUNB’s SEC filings

Sales, as filed$2.5B FY2026
$0$2B2023202420252026
Revenue kept after cost of goods171.0% FY2026
0%100%2023202420252026
Standard ROIC or separately labeled Operating ROICROIC 10.7% FY2026
0%10%20%2023202420252026
Cash an owner could take out$1.3B FY2026
$0$1B2023202420252026

Gaps in a line mean that item isn’t in SUNB’s filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How Sunbelt Rentals Holdings, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$2.5B · 100%Cost of revenue$6.9B · 274%Gross profit$4.3B · 171%Operating income$2.2B · 87%Income before tax$1.8B · 72%Income tax$476M · 19%Net income$1.3B · 53%As of 2026-04-30 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$2.5B100%
Cost of revenue$6.9B274%
$4.3B171%
$2.2B87%
Income before tax$1.8B72%
Income tax$476M19%
$1.3B53%
Source: · event Apr 30, 2026 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

What Sunbelt Rentals Holdings, Inc. owns — and owes

Sunbelt Rentals Holdings, Inc.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$22.3B100%
Cash and equivalents$29M0%
$7.6B34%
Stockholders’ equity$7.4B33%
Source: · event Apr 30, 2026 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What drives Sunbelt Rentals Holdings, Inc.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity17%Tax burden74%net income ÷ pretax incomeInterest burden83%pretax ÷ operating incomeOperating margin87%operating income ÷ revenueAsset turnover0.11×revenue ÷ average assetsEquity multiplier2.91×average assets ÷ average equityAs of 2026-04-30 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$1.3BFY2026
Income before tax$1.8BFY2026
Operating income$2.2BFY2026
$2.5BFY2026
Ending assets$22.3BFY2026
Beginning assets$22.0BFY2025
$7.4BFY2026
$7.8BFY2025
Source:
  • SEC filingFiling detailsAccession 0001628280-26-044888
· event Apr 30, 2026 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

Where Sunbelt Rentals Holdings, Inc.'s cash went

Sunbelt Rentals Holdings, Inc.’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$3.8B100%
Depreciation and amortization$2.3B61%
Source: · event Apr 30, 2026 · retrieved Jul 26, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding Sunbelt Rentals Holdings, Inc.

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

1 holding0 exited0 not holding1/19 resolved18 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Markel / Markel-Gayner974,361 shares$72.9M · 1% of eligible reported 13FAdded to position · +11,000 shares (1%)
Abrams CapitalNot retrievedComparison not retrievedFiling not retrieved
Akre CapitalNot retrievedComparison not retrievedFiling not retrieved
Baupost GroupNot retrievedComparison not retrievedFiling not retrieved
Berkshire HathawayNot retrievedComparison not retrievedFiling not retrieved
Brave Warrior AdvisorsNot retrievedComparison not retrievedFiling not retrieved
Dodge & CoxNot retrievedComparison not retrievedFiling not retrieved
First EagleNot retrievedComparison not retrievedFiling not retrieved
FundsmithNot retrievedComparison not retrievedFiling not retrieved
Gardner Russo & QuinnNot retrievedComparison not retrievedFiling not retrieved
Gates Foundation TrustNot retrievedComparison not retrievedFiling not retrieved
Mairs & PowerNot retrievedComparison not retrievedFiling not retrieved
Oakmark / Harris AssociatesNot retrievedComparison not retrievedFiling not retrieved
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved
Polen CapitalNot retrievedComparison not retrievedFiling not retrieved
Sequoia / Ruane CunniffNot retrievedComparison not retrievedFiling not retrieved
Southeastern Asset ManagementNot retrievedComparison not retrievedFiling not retrieved
Tweedy, BrowneNot retrievedComparison not retrievedFiling not retrieved
Yacktman Asset ManagementNot retrievedComparison not retrievedFiling not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: · event Jun 30, 2026 · retrieved Jul 26, 2026

Flagship explainer

What Sunbelt Rentals Holdings, Inc. insiders reported

We could not retrieve insider activity for this rendering; no zero-activity claim is shown.

Unavailable: Form 4 activity could not be retrieved for this rendering.

Moat Score history

12 logged readings since Jul 18, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale55.6 / 100
0406080100WideNarrowShallowNo moatJul 18, 2026Jul 26, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)moat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0moat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0moat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for SUNB.

Technology context

#229 of 744 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #227ATHR Aether Holdings, Inc.55.8Shallow moat
  2. #228APG APi Group Corporation55.7Shallow moat
  3. #230NTWK NETSOL TECHNOLOGIES, INC.55.4Shallow moat
  4. #231AMKR AMKOR TECHNOLOGY, INC.55.4Shallow moat

Compare SUNB with its nearest peers →All Technology companies on the Index →

Common questions about SUNB

Does Sunbelt Rentals Holdings, Inc. have an economic moat?
Based on its FY2026 SEC filings, the Moat Index scores Sunbelt Rentals Holdings, Inc. (SUNB) 55.6 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 20, pricing power 97, returns on capital 55, balance-sheet safety 77, capital allocation 29.
Is SUNB trading below the conservative owner-earnings estimate?
The value if growth stopped today — a zero-growth baseline — is $42.06 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $75.67, that is 80% above value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
How has SUNB's Moat Score changed over time?
The record logs 12 readings since Jul 18, 2026; the latest reads 55.6 out of 100 (shallow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell SUNB. See the disclaimer.