Property and Equipment, net

3 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment, net

5. Property and Equipment, net

Property and equipment, net consists of the following:

	Useful Life	December 31, 2025		September 30, 2025
Land	—	$	42.9	$	42.9
Buildings and leasehold improvements	2-40 yrs.		48.6		48.5
Operating equipment	2-7 yrs.		445.3		443.3
Transportation vehicles	3-7 yrs.		507.8		491.9
Office equipment and software	3-10 yrs.		57.4		56.3
Construction in progress	—		4.1		9.6
Property and equipment			1,106.1		1,092.5
Less: Accumulated depreciation			571.7		550.9
Property and equipment, net		$	534.4	$	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 $42.9 and $30.4 for the three months ended December 31, 2025 and 2024, respectively.