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Ashtead Group Plc (AHT.LN)

Ashtead Group Plc (AHT.LN)
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Ashtead Group is a UK-based equipment rental company founded in 1984 and conducting its activities primarily in the US under the brand Sunbelt Rentals (11% market share), with a smaller presence in Canada and the UK. Sunbelt operates a rental fleet of just over $15 billion across a network of 1,200 stores in the US, nearly CAD 2 billion of fleet and 135 stores in Canada, and GBP 1.1 billion and 190 stores in the UK. The company has experienced rapid growth over the past decade as its customers increasingly turn to rental versus owning equipment outright. The general tool business has been augmented by the Specialty Rental business, which has grown to 30% of the mix. Revenue is now greater than 50% nonconstruction, with the remainder focused more directly on commercial construction.

Fiscal Year End Date: 04/30

(Values in U.S. Thousands) Apr, 2025 Apr, 2024 Apr, 2023 Apr, 2022 Apr, 2021
Sales 10,791,700 10,858,700 9,667,300 7,962,300 7,017,855
Sales Growth -0.62% +12.32% +21.41% +13.46% +11.36%
Net Income 1,510,500 1,598,400 1,617,700 1,251,100 972,800
Net Income Growth -5.50% -1.19% +29.30% +28.61% +5.46%
(Values in U.S. Thousands) Apr, 2025 Apr, 2024 Apr, 2023 Apr, 2022 Apr, 2021
Total Assets 21,691,700 21,651,300 18,729,300 15,290,100 12,934,440
Total Assets Growth +0.19% +15.60% +22.49% +18.21% -1.52%
Total Liabilities 14,023,600 14,566,700 12,721,300 10,256,400 8,374,948
Total Liabilities Growth -3.73% +14.51% +24.03% +22.47% -11.17%
(Values in U.S. Thousands) Apr, 2025 Apr, 2024 Apr, 2023 Apr, 2022 Apr, 2021
Operating Cash Flow 2,173,900 854,600 1,000,100 1,499,000 2,054,261
Operating Cash Flow Growth +154.38% -14.55% -33.28% -27.03% +66.69%
Net Cash Flow -200 -9,000 15,200 -10,500 -298,926
Change in Net Cash Flow +97.78% -159.21% +244.76% +96.49% -205.18%
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