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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.
1984
25.0K+
LTM Revenue $8.0B
LTM EBITDA $3.7B
$41.2B
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Ashtead Group has a last 12-month revenue (LTM) of $8.0B and a last 12-month EBITDA of $3.7B.
In the most recent fiscal year, Ashtead Group achieved revenue of $14.5B and an EBITDA of $6.7B.
Ashtead Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Ashtead Group valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $8.0B | XXX | $14.5B | XXX | XXX | XXX |
| Gross Profit | $6.4B | XXX | $12.7B | XXX | XXX | XXX |
| Gross Margin | 80% | XXX | 88% | XXX | XXX | XXX |
| EBITDA | $3.7B | XXX | $6.7B | XXX | XXX | XXX |
| EBITDA Margin | 46% | XXX | 46% | XXX | XXX | XXX |
| EBIT | $2.0B | XXX | $3.9B | XXX | XXX | XXX |
| EBIT Margin | 24% | XXX | 27% | XXX | XXX | XXX |
| Net Profit | $1.2B | XXX | $2.0B | XXX | XXX | XXX |
| Net Margin | 15% | XXX | 14% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $10.0B | XXX | XXX | XXX |
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As of August 29, 2025, Ashtead Group's stock price is GBP 54 (or $73).
Ashtead Group has current market cap of GBP 23.1B (or $31.0B), and EV of GBP 30.7B (or $41.2B).
See Ashtead Group trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $41.2B | $31.0B | XXX | XXX | XXX | XXX | $3.70 |
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Start Free TrialAs of August 29, 2025, Ashtead Group has market cap of $31.0B and EV of $41.2B.
Ashtead Group's trades at 2.8x EV/Revenue multiple, and 6.2x EV/EBITDA.
Equity research analysts estimate Ashtead Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ashtead Group has a P/E ratio of 19.4x.
See valuation multiples for Ashtead Group and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $31.0B | XXX | $31.0B | XXX | XXX | XXX |
| EV (current) | $41.2B | XXX | $41.2B | XXX | XXX | XXX |
| EV/Revenue | 3.8x | XXX | 2.8x | XXX | XXX | XXX |
| EV/EBITDA | 8.2x | XXX | 6.2x | XXX | XXX | XXX |
| EV/EBIT | 15.7x | XXX | 10.0x | XXX | XXX | XXX |
| EV/Gross Profit | 4.8x | XXX | n/a | XXX | XXX | XXX |
| P/E | 19.4x | XXX | 15.0x | XXX | XXX | XXX |
| EV/FCF | 21.2x | XXX | 25.6x | XXX | XXX | XXX |
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Start Free TrialAshtead Group's last 12 month revenue growth is 3%
Ashtead Group's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.4M for the same period.
Ashtead Group's rule of 40 is 49% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ashtead Group's rule of X is 54% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Ashtead Group and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | -12% | XXX | XXX | XXX |
| EBITDA Margin | 46% | XXX | 46% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | -11% | XXX | XXX | XXX |
| Rule of 40 | 49% | XXX | 49% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 54% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 61% | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Autohellas | XXX | XXX | XXX | XXX | XXX | XXX |
| AutoWallis | XXX | XXX | XXX | XXX | XXX | XXX |
| Armac Locacao Logistica | XXX | XXX | XXX | XXX | XXX | XXX |
| Mills Locacao Servicos | XXX | XXX | XXX | XXX | XXX | XXX |
| Localiza | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Ashtead Group acquired XXX companies to date.
Last acquisition by Ashtead Group was XXXXXXXX, XXXXX XXXXX XXXXXX . Ashtead Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Ashtead Group founded? | Ashtead Group was founded in 1984. |
| Where is Ashtead Group headquartered? | Ashtead Group is headquartered in United Kingdom of Great Britain and Northern Ireland. |
| How many employees does Ashtead Group have? | As of today, Ashtead Group has 25.0K+ employees. |
| Who is the CEO of Ashtead Group? | Ashtead Group's CEO is Mr. Brendan Horgan. |
| Is Ashtead Group publicy listed? | Yes, Ashtead Group is a public company listed on LON. |
| What is the stock symbol of Ashtead Group? | Ashtead Group trades under AHT ticker. |
| When did Ashtead Group go public? | Ashtead Group went public in 1990. |
| Who are competitors of Ashtead Group? | Similar companies to Ashtead Group include e.g. Autohellas, AutoWallis, Armac Locacao Logistica, Mills Locacao Servicos. |
| What is the current market cap of Ashtead Group? | Ashtead Group's current market cap is $31.0B |
| What is the current revenue of Ashtead Group? | Ashtead Group's last 12 months revenue is $8.0B. |
| What is the current revenue growth of Ashtead Group? | Ashtead Group revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Ashtead Group? | Current revenue multiple of Ashtead Group is 3.8x. |
| Is Ashtead Group profitable? | Yes, Ashtead Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ashtead Group? | Ashtead Group's last 12 months EBITDA is $3.7B. |
| What is Ashtead Group's EBITDA margin? | Ashtead Group's last 12 months EBITDA margin is 46%. |
| What is the current EV/EBITDA multiple of Ashtead Group? | Current EBITDA multiple of Ashtead Group is 8.2x. |
| What is the current FCF of Ashtead Group? | Ashtead Group's last 12 months FCF is $1.5B. |
| What is Ashtead Group's FCF margin? | Ashtead Group's last 12 months FCF margin is 18%. |
| What is the current EV/FCF multiple of Ashtead Group? | Current FCF multiple of Ashtead Group is 21.2x. |
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