v3.26.1
Property and Equipment, net
 9 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, net

5. Property and Equipment, net

Property and equipment, net consists of the following:

 

 

 

Useful Life

 

June 30,
2026

 

 

September 30,
2025

 

Land

 

—

 

$

42.9

 

 

$

42.9

 

Buildings and leasehold improvements

 

2-40 yrs.

 

 

49.6

 

 

 

48.5

 

Operating equipment

 

2-7 yrs.

 

 

468.5

 

 

 

443.3

 

Transportation vehicles

 

3-7 yrs.

 

 

582.8

 

 

 

491.9

 

Office equipment and software

 

3-10 yrs.

 

 

60.1

 

 

 

56.3

 

Construction in progress

 

—

 

 

5.7

 

 

 

9.6

 

Property and equipment

 

 

 

 

1,209.6

 

 

 

1,092.5

 

Less: Accumulated depreciation

 

 

 

 

595.8

 

 

 

550.9

 

Property and equipment, net

 

 

 

$

613.8

 

 

$

541.6

 

Construction in progress includes costs incurred for software and other assets that have not yet been placed in service. Depreciation expense related to property and equipment was $46.7 and $38.9 for the three months ended June 30, 2026 and 2025, respectively. Depreciation expense related to property and equipment was $137.03 and $101.2 for the nine months ended June 30, 2026 and 2025, respectively.