WillScot Holdings Corp
WSC· Nasdaq· Services-Miscellaneous Equipment Rental & Leasing
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 32.3%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +12.4%
We record prices for the companies we cover; WSC is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 182.4M
- Revenue
- $2.3B
- Free cash flow
- $737.7M
- Owner earnings
- $699.2M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 51.0%
- Operating
- 8.0%
- Net
- -2.3%
- Free cash flow
- 32.3%
- Owner earnings
- 30.6%
- Stock pay
- 1.7%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- -6.2%
- ROE, 5 yr avg
- 12.8%
Growth (CAGR)
- Revenue, 3 yr
- 2.1%
- Revenue, 5 yr
- 12.4%
- Revenue, 9 yr
- 20.5%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- 1.7%
- Free cash flow, 5 yr
- 20.7%
- Free cash flow, 9 yr
- 33.1%
Financial health · FY2025
- Cash and investments
- $14.6M
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 0.6%
Financials: ten years from the 10-Ks
Revenue
$2.3B
+20.5% a year over 9 years
FY2016FY2025
Margins
Gross51.0%Operating8.0%Net-2.3%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$737.7MOwner earnings$699.2M
Free cash flow +33.1% a year
FY2016FY2025
Diluted shares
182.4M
+191.8% over 9 years, net dilution
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $426.6M | $445.9M | $751.4M | $1.1B | $1.3B | $1.7B | $2.1B | $2.4B | $2.4B | $2.3B |
| Revenue growth | -5.9% | 4.5% | 68.5% | 41.6% | 19.7% | 31.4% | 28.1% | 10.4% | 1.3% | -4.8% |
| Gross margin | 39.4% | 37.1% | 38.5% | 38.9% | 47.8% | 50.5% | 53.0% | 56.4% | 54.3% | 51.0% |
| Operating margin | -0.7% | -13.1% | 0.8% | 11.0% | 12.7% | 18.0% | 23.9% | 28.5% | 11.0% | 8.0% |
| Net income | -$30.9M | -$147.7M | -$25.2M | -$11.1M | $74.0M | $160.1M | $339.5M | $476.5M | $28.1M | -$53.0M |
| Net margin | -7.3% | -33.1% | -3.4% | -1.0% | 5.8% | 9.6% | 15.8% | 20.1% | 1.2% | -2.3% |
| Diluted EPS | $0.01 | – | $-0.53 | $-1.11 | $0.25 | $0.69 | $1.53 | $2.36 | $0.15 | $-0.29 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $58.7M | -$1.4M | $37.1M | $172.6M | $304.8M | $539.9M | $744.7M | $761.2M | $561.6M | $762.0M |
| Capital expenditure | $2.4M | $4.4M | $4.6M | $8.3M | $16.5M | $30.5M | $43.7M | $22.2M | $18.4M | $24.3M |
| Free cash flow | $56.4M | -$5.8M | $32.5M | $164.2M | $288.4M | $509.4M | $701.0M | $739.0M | $543.2M | $737.7M |
| Stock-based compensation | $0 | $3.0M | $3.4M | $6.7M | $9.9M | $26.2M | $29.6M | $34.5M | $36.0M | $38.4M |
| Owner earnings? | $56.4M | -$8.8M | $29.1M | $157.5M | $278.5M | $483.2M | $671.4M | $704.5M | $507.2M | $699.2M |
| Free cash flow per share | $0.90 | – | $0.37 | $1.51 | $1.63 | $2.19 | $3.17 | $3.66 | $2.85 | $4.04 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | $0 | $0 | $51.1M |
| Share repurchases | – | – | – | – | – | – | – | – | – | – |
| Diluted shares | 62.5M | – | 89.0M | 108.7M | 177.3M | 232.8M | 221.4M | 201.8M | 190.3M | 182.4M |
| Share count change? | – | – | – | 22.2% | 63.1% | 31.3% | -4.9% | -8.8% | -5.7% | -4.2% |
| Balance sheet | ||||||||||
| Cash and equivalents | $6.2M | $9.2M | $9.0M | $3.0M | $24.9M | $6.4M | $7.4M | $11.0M | $9.0M | $14.6M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | – | – | – | – | – | – | – | – | – | – |
| Net debt | – | – | – | – | – | – | – | – | – | – |
| Shareholders' equity | $23.1M | $435.6M | $638.2M | $490.6M | $2.1B | $2.0B | $1.6B | $1.3B | $1.0B | $856.3M |
Latest filings
| 2026-08-06 | 10-Q | Quarterly report |
| 2026-08-06 | 8-K | Earnings release |
| 2026-05-07 | 10-Q | Quarterly report |
| 2026-05-07 | 8-K | Earnings release |
| 2026-04-22 | DEF 14A | Proxy statement |
| 2026-02-19 | 10-K | Annual report |
| 2026-02-19 | 8-K | Earnings release |
| 2025-11-06 | 10-Q | Quarterly report |
| 2025-11-06 | 8-K | Earnings release |
| 2025-07-31 | 10-Q | Quarterly report |
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