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Stock research / United States / WSC · Services-Miscellaneous Equipment Rental & Leasing · Nasdaq

WillScot Holdings Corp. (WSC)

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WillScot Holdings Corp. (WSC) reported revenue of $612 million for Q2 FY2026, the quarter ended 30 June 2026, up 3.9% on the same quarter a year earlier. Net income was $47 million, down 2.0% on the year, and diluted earnings per share $0.26. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$612 millionup 3.9%
Net income$47 milliondown 2.0%
Diluted EPS$0.26
QuarterQ2 FY2026ended 30 June 2026

WillScot Holdings (WSC) in brief

WillScot Holdings (WSC) reported revenue of $2.3 billion for fiscal 2025, the year ended 31 December 2025, down 4.8% on the year before.
Read moreNet loss was $53 million and the diluted loss per share $0.29. Revenue was $2.4 billion in fiscal 2024, $2.4 billion in fiscal 2023, $2.1 billion in fiscal 2022 and $1.7 billion in fiscal 2021. Net income in the same years was $28 million, $476 million, $340 million and $160 million. Over the twelve months to 30 June 2026, WillScot Holdings reported revenue of $2.3 billion and net loss of $69 million. Revenue grew 12.4% a year, compounded, over the five years to fiscal 2025. WillScot Holdings had 181 million shares outstanding at the latest filed count. At 30 June 2026 it carried $3.5 billion of debt and $18 million of cash. At the close of 9 October 2026 the market cap of WillScot Holdings was $3.1 billion.

Ratios

From the filings

ROE-7.6%
ROCE3.4%
Operating margin6.5%
Net margin-3.0%
FCF margin29.7%
Interest covern/a
Debt to equity3.80
Cash conversionn/a
Share count, 1 year-0.6%
Sales CAGR, 3 years2.1%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.38

At the close of 9 October 2026

Price$17.07
Market cap$3.1 billion
Stock P/En/a
Price to book3.39
EV / EBITDA26.70
Dividend yield0.0%
Market cap / sales1.35
52-week high$29.07
52-week low$14.98
Price, 1 year-23.7%
Price CAGR, 3 years-26.2%
Price CAGR, 5 years-11.5%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the one borrowings figure WillScot Holdings Corp. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.
WSCgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on WSC

Filings20 in twelve months: 11 current reports (8-K), about 4 officer or director change; 4 results of operations; 2 shareholder vote; 1 regulation FD disclosure; 1 exit or disposal costs
Planned insider sales5 Form 144 notices in twelve months, $12.2 million; latest 3 September 2026
Options tapeput/call 0.04 by open interest at the 9 October 2026 close; the straddle prices a 8.9% move to 16 October 2026
13F holders8 of the followed funds hold it; largest FMR LLC; 7 Schedule 13D or 13G filings in twelve months
Insider trading3 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest13.7 million shares short, 4.28 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 *Q1 FY2025 †Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue605612587605601603560589567566549612
Cost of revenue265269451277280980259293285n/a263306
Gross profit340343317327321336300296282286286306
Gross margin56%56%54%54%53%56%54%50%50%50%52%50%
SG&A152146168181153138157145138142154160
Operating income178177130-5.2-35.2174119127119-18496.7117
Operating margin29%29%22%-1%-6%29%21%22%21%-32%18%19%
Interest expense53.859.156.655.555.8n/an/an/an/an/an/an/a
Pre-tax income12411873.4-60.8-91.011561.067.960.3-24543.164.0
Tax rate26%27%23%n/an/an/an/an/an/an/an/an/a
Net income91.586.356.2-46.9-70.589.243.147.943.3-18728.147.0
Net margin15%14%10%-8%-12%15%8%8%8%-33%5%8%
Diluted EPS$0.46$0.44$0.29-$0.25-$0.37$0.48$0.23$0.26$0.24-$1.03$0.15$0.26
Operating cash flow191219209176-1.6179207205191159191162
Capital expenditure5.65.56.66.23.32.34.66.34.29.23.64.7
Free cash flow185214202169-4.9177202199187150187158
Dividends paidn/an/a0.00.00.00.012.912.812.712.812.712.7
Shares outstanding193m190m191m189m187m184m183m182m182m181m181m181m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 11 fiscal years and the trailing twelve months

FY2015FY2016FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023FY2024 †FY2025TTM
Revenue4534274467511,0641,2731,6732,1432,3652,3962,2812,294
Cost of revenue78.075.485.54626506658281,7071,0311,0941,118n/a
Gross profit1631681662894136088451,1351,3341,3021,1641,159
Gross margin35.9%39.4%37.1%38.5%38.9%47.8%50.5%53.0%56.4%54.3%51.0%50.5%
Selling, general and administrative139139162235271338480567596631582594
Operating income-20.8-3.2-58.36.3118162300511673264181149
Operating margin-4.6%-0.7%-13.1%0.8%11.0%12.7%18.0%23.9%28.5%11.0%8.0%6.5%
Interest expense92.094.711998.4123119116146205n/an/an/a
Pre-tax income-103-87.6-165-68.3-1233.515136546836.6-55.4-77.2
Income tax-34.1-24.5-0.9-38.6-2.2-56.036.588.91278.5-2.4n/a
Effective tax raten/an/an/an/an/a-1586.2%24.1%24.3%27.0%23.2%n/an/a
Net income-71.6-30.9-148-25.2-11.174.116034047628.1-53.0-68.9
Net margin-15.8%-7.3%-33.1%-3.4%-1.0%5.8%9.6%15.8%20.1%1.2%-2.3%-3.0%
Diluted EPS-$4.92-$2.13-$7.47-$0.59-$0.10$0.41$0.69$1.53$2.36$0.15-$0.29-$0.38
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States2,2202,2442,14293.9%
Canada1201251185.2%
Mexico25.127.021.30.9%
United StatesCanadaMexico
2,365FY20232,396FY20242,281FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2015FY2016FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023FY2024 †FY2025TTM
Operating cash flow12058.7-1.437.1173305540745761562762703
Capital expenditure7.52.44.44.68.316.530.543.722.218.424.321.8
Free cash flow11256.4-5.832.5164288509701739543738682
Free cash flow margin24.8%13.2%-1.3%4.3%15.4%22.7%30.4%32.7%31.3%22.7%32.3%29.7%
Cash from investing-193-30.2-393-1,217-153-125-384-309-350-362-417-342
Cash from financing76.8-31.43971,180-26.1-159-168-429-419-200-341-356
Depreciation and amortisation22.79.08.713.312.435.261.862.472.982.896.195.4
Share-based compensation0.00.03.03.46.79.926.229.634.536.038.436.7
Dividends paidn/an/an/an/an/an/an/an/a0.00.051.150.9
Dividend per share$0.00$0.00$0.00n/an/an/an/an/an/an/an/an/a
Diluted shares, weightedn/an/an/a87m109m174m233m221m202m190m182m182m
Shares outstanding at period endn/an/an/an/an/a229m224m208m190m184m181m181m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2015FY2016FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023FY2024 †FY2025TTM
Funded by
Shareholders' equity55.423.14366384912,0641,9971,5651,2611,019856911
Non-controlling interestn/a0.048.964.064.60.0n/an/an/an/an/an/a
Debtn/a6566251,6751,6332,4542,6723,0633,5393,6843,5573,462
Operating lease liabilitiesn/an/an/an/a118184170170188201242230
Other liabilitiesn/a1,0213013765918719351,0301,1501,1321,1611,263
Total liabilities and equityn/a1,6991,4112,7522,8985,5725,7745,8286,1386,0355,8165,866
Owned
Fixed assetsn/a84.283.7184n/a304312n/an/an/an/an/a
Goodwill61.856.828.62472359621,0141,0111,1771,2011,2581,257
Intangible assetsn/a125126132127496443419420251224203
Cash and equivalents9.36.29.29.03.024.96.47.411.09.014.618.2
Receivablesn/a71.494.8207248331351410451430395422
Inventoryn/a8.910.116.215.423.729.841.047.447.545.648.9
Other assetsn/a1,3471,0581,9582,2703,4313,6173,9394,0324,0963,8803,916
Total assetsn/a1,6991,4112,7522,8985,5725,7745,8286,1386,0355,8165,866
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded17.5%12.4%2.1%-2.5%
Profit growth, compoundedn/an/an/an/a
Return on equity, average-10.6%12.8%11.4%-6.2%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was WillScot Holdings' revenue in fiscal 2025?

WillScot Holdings (WSC) reported revenue of $2.3 billion for fiscal 2025, the year ended 31 December 2025, down 4.8% on the year before.

How much did WillScot Holdings earn in fiscal 2025?

Net loss was $53 million for fiscal 2025, and the diluted loss per share $0.29.

What is WillScot Holdings' market cap?

The market cap of WillScot Holdings was $3.1 billion at the close of 9 October 2026.

How much debt does WillScot Holdings have?

At 30 June 2026 WillScot Holdings carried $3.5 billion of debt and $18 million of cash.

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ICON plc ICLR *$12.6 billion56.612.5%5.4%0.8%0.37n/a
TransUnion TRU$12.5 billion17.2815.2%18.7%12.4%1.110.7%
Gartner Inc. IT$12.1 billion17.13n/a17.3%0.7%n/an/a
Pinterest, Inc. PINS$12.0 billion62.918.6%4.9%16.6%0.34n/a
Costar Group, Inc. CSGP$12.0 billion148.380.9%2.2%22.0%0.13n/a
Manhattan Associates Inc. MANH$12.0 billion58.76133.5%24.3%6.5%0.00n/a
Hubspot Inc. HUBS$11.3 billion80.678.9%3.8%21.1%0.00n/a
Bentley Systems Inc. BSY$11.2 billion38.4224.1%23.6%12.8%1.010.8%
Maplebear Inc. CART$11.1 billion25.9520.7%14.8%12.6%0.00n/a
Paycom Software, Inc. PAYC$10.3 billion24.6985.3%30.3%9.2%1.570.2%
Factset Research Systems Inc. FDS$10.3 billion18.9127.8%29.6%6.6%0.681.6%
Match Group, Inc. MTCH$9.4 billion14.52n/a28.2%1.7%n/a1.8%
Booz Allen Hamilton Holding Corp. BAH$8.9 billion11.6164.7%9.5%-7.3%3.273.0%
Tetra Tech Inc. TTEK$8.5 billion20.0923.5%12.1%-7.6%0.430.8%
Paylocity Holding Corp. PCTY$8.2 billion31.1122.1%21.8%11.0%0.07n/a
Dropbox, Inc. DBX$7.8 billion19.08n/a26.6%-0.0%n/an/a
Healthequity, Inc. HQY$7.7 billion33.4411.9%25.8%7.3%0.47n/a
Aecom ACM$7.6 billion27.1913.1%4.1%-4.2%1.212.0%
Duolingo, Inc. DUOL$7.5 billion17.6429.1%13.7%29.4%0.00n/a
Appfolio Inc. APPF$7.2 billion46.1829.9%17.5%20.7%0.00n/a
Etsy Inc. ETSY$7.1 billion42.85n/a16.0%0.7%n/an/a
UiPath, Inc. PATH$7.1 billion20.1218.6%8.9%15.0%0.00n/a
Qualys, Inc. QLYS$7.0 billion35.0236.7%34.4%10.4%0.00n/a
RingCentral, Inc. RNG$6.9 billion63.43n/a6.7%5.2%n/an/a
Commvault Systems Inc. CVLT$6.5 billion100.15131.2%6.1%15.5%16.94n/a
Bilibili Inc. BILI *$6.4 billion37.927.7%3.7%13.1%0.62n/a
Lyft, Inc. LYFT$6.1 billion2.3694.8%-1.8%10.8%0.35n/a
WEX Inc. WEX$5.9 billion17.1826.1%25.5%7.5%2.62n/a
Pegasystems Inc. PEGA$5.9 billion20.1557.8%9.9%3.6%0.000.3%
Epam Systems, Inc. EPAM$5.8 billion15.3411.4%10.0%10.8%0.01n/a
Genpact Ltd. G$5.8 billion10.2122.4%14.8%6.5%0.452.1%
ExlService Holdings, Inc. EXLS$5.6 billion23.1428.9%14.9%13.6%0.44n/a
Frontdoor, Inc. FTDR$5.5 billion21.2196.1%n/a9.2%4.08n/a
Doximity, Inc. DOCS$5.5 billion35.8718.2%29.6%11.2%0.00n/a
ACI Worldwide, Inc. ACIW$5.2 billion23.3515.1%18.6%7.0%0.550.0%
Remitly Global, Inc. RELY$5.1 billion17.3527.1%9.5%23.8%0.00n/a
BOX Inc. BOX$5.0 billion52.75n/a9.4%9.6%n/an/a
VSE Corp. VSEC$4.9 billionn/an/an/an/a0.320.2%
Amentum Holdings, Inc. AMTM$4.7 billion23.244.3%4.2%11.4%0.81n/a
Clear Secure, Inc. YOU$4.5 billion29.5271.7%25.1%19.8%0.00n/a
Sezzle Inc. SEZL$4.3 billion27.9669.3%40.4%43.1%0.52n/a
Wix.com Ltd. WIX *$4.2 billion87.09n/a0.1%13.2%n/an/a
Bill Holdings, Inc. BILL$4.1 billionn/a-0.3%-4.4%13.0%0.52n/a
FTI Consulting, Inc. FCN$3.8 billion16.4619.0%9.7%7.1%0.76n/a
monday.com Ltd. MNDY *$3.8 billionn/a9.5%-0.1%26.7%0.00n/a
Q2 Holdings, Inc. QTWO$3.7 billion41.8414.3%10.0%13.9%0.00n/a
Korn Ferry KFY$3.6 billion13.5214.0%12.9%6.9%0.202.8%
Life360, Inc. LIF$3.5 billion25.2324.0%1.1%34.0%0.51n/a
Robert Half Inc. RHI$3.5 billion29.509.5%n/a-4.9%0.007.0%
Exponent Inc. EXPO$3.3 billion31.3038.7%20.2%12.8%0.001.7%
First Advantage Corp. FA$3.3 billion136.001.9%10.7%32.9%1.577.9%
Maximus, Inc. MMS$3.1 billion8.7721.3%11.0%-3.3%0.942.0%
People Inc. PPLI$3.1 billionn/an/an/an/a0.27n/a
WillScot Holdings Corp. WSC$3.1 billionn/a-7.6%6.5%-2.5%3.800.0%
SPS Commerce Inc. SPSC$3.1 billion40.848.3%12.8%9.8%0.00n/a
ABM Industries Inc. ABM$2.9 billion17.919.3%3.5%6.0%0.972.1%
Teradata Corp. TDC$2.8 billion6.4477.2%7.5%1.0%0.00n/a
Alarm.com Holdings, Inc. ALRM$2.7 billion24.6413.6%12.8%8.7%0.570.0%
Five9, Inc. FIVN$2.7 billion52.757.6%4.7%8.9%0.94n/a
CarGurus, Inc. CARG$2.6 billion15.6966.6%n/a13.9%0.00n/a
ManpowerGroup Inc. MAN$2.5 billion24.004.9%1.5%6.7%0.272.7%
Payoneer Global Inc. PAYO$2.4 billion51.007.7%10.4%6.3%0.00n/a
LiveRamp Holdings, Inc. RAMP$2.3 billion15.3915.9%11.6%8.9%0.00n/a
PDF Solutions Inc. PDFS$2.3 billion217.602.8%8.2%23.0%0.18n/a
V2X, Inc. VVX$2.2 billion24.538.1%4.2%13.0%0.92n/a
Astrana Health, Inc. ASTH$2.1 billion45.834.9%2.6%58.9%1.06n/a
Neogenomics Inc. NEO$2.1 billionn/a-6.6%-8.9%11.2%0.48n/a
DoubleVerify Holdings, Inc. DV$2.1 billion37.475.4%12.7%7.6%0.00n/a
Blackbaud Inc. BLKB$2.1 billionn/an/a19.8%0.6%16.820.3%
DXC Technology Co. DXC$2.0 billion17.704.1%7.2%-2.4%0.986.8%
Western Union Co. WU$1.9 billion4.9743.2%15.9%-1.6%2.7415.4%
Insperity, Inc. NSP$1.9 billionn/a-26.2%-0.0%2.6%6.874.9%
Evertec, Inc. EVTC$1.8 billion19.2715.2%17.9%12.4%1.900.7%
Blackline, Inc. BL$1.7 billion52.3011.0%4.3%8.6%2.11n/a
Liquidity Services Inc. LQDT$1.6 billion42.3014.1%9.0%5.2%0.00n/a
Progress Software Corp. PRGS$1.6 billion18.1317.4%17.7%6.4%2.330.0%
Concentrix Corp. CNXC$1.6 billionn/a-135.2%-20.9%2.6%2.22n/a
Everforth Inc. EFOR$1.5 billion19.344.6%4.9%-1.0%0.80n/a
AMN Healthcare Services Inc. AMN$1.4 billion13.5814.2%5.8%24.0%1.00n/a
Certara, Inc. CERT$1.4 billionn/a-7.1%-0.2%0.7%0.30n/a
Arlo Technologies, Inc. ARLO$1.3 billion45.9319.3%2.7%15.6%0.00n/a
Sprinklr, Inc. CXM$1.3 billion55.104.5%5.3%6.3%0.00n/a
Prog Holdings, Inc. PRG$1.2 billionn/an/an/an/a1.101.7%
Donnelley Financial Solutions, Inc. DFIN$1.2 billion33.399.1%18.9%3.0%0.53n/a
ZoomInfo Technologies Inc. GTM$1.1 billionn/a-65.3%-35.2%2.7%1.53n/a
Upwork, Inc. UPWK$1.1 billion11.1816.7%15.1%1.9%0.59n/a
TripAdvisor, Inc. TRIP$1.0 billion867.000.8%2.7%-4.4%1.230.0%
Legalzoom.Com, Inc. LZ$1,000 million66.3313.3%4.1%12.3%0.00n/a
Healthstream Inc. HSTM$969 million46.045.9%8.0%8.8%0.000.4%
Upbound Group, Inc. UPBD$898 million9.9312.3%5.1%5.9%1.9410.1%
Quinstreet, Inc. QNST$888 million11.1525.1%2.7%18.3%0.22n/a
N-able, Inc. NABL$874 millionn/a-0.9%9.5%10.0%0.49n/a
Sabre Corp. SABR$765 millionn/an/an/an/an/a0.0%
ADT Inc. ADTn/an/a17.6%25.0%2.1%2.243.4%
No other company here shares its SEC industry code (Services-Miscellaneous Equipment Rental & Leasing); these are the names nearest in size in its wider industry, Business Services, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202519 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202420 February 2025EDGAR
10-Q30 September 202430 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR

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