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WillScot Holdings Corporation

WSC Industrials Rental & Leasing Services

WillScot Holdings Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, down 4.77% from fiscal 2024.

Revenue
+6.09%
EPS
+16.7%
Free cash flow
+62.0%
Total debt
−4.65%

Quarter to September 2026, against a year earlier

17.85 1.45 −7.51%
Market cap
$3.2B
P/E
0.0×
Fwd P/E
17.6×
Dividend yield
1.57%
F-score
4/9
Altman Z
0.70
Beneish M
−3.16
Dividend safety
25/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 4.21
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — 1 — — — — — —
Insider Ownership 2.61%

Capital & Financial Ratios $m

Size
Market Cap 3,230.00
Revenue ttm 2,328.09
Net income ttm (60.64)
Free cash flow ttm 710.19
Net debt Q 3,434.18
Valuation
P/E 0.00
Forward P/E 17.60
Price / sales 1.39
Forward P/S Powerpack
Price / FCF 8.57
Price / book 3.37
Financial health
Current ratio Q 0.78 (below 1: weak)
Debt / equity Q 3.60 (above 2: weak)
Interest coverage Q 2.37
Growth
Revenue growth Q +6.09% (above 0%: growing)
Operating income growth Q +6.26% (above 0%: growing)
EPS, this year −6.82% (below 0%: weak)
EPS, next year A +13.72%
Revenue, next year A +1.30%
EPS, past 5 yrs —
EPS, next 5 yrs A +11.53%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.9×, against a ten-year median of 4.2×; over the ten years it ranged from 2.3× in 2018 to 7.1× in 2021.
P/S against its own 10 years 10.48%
10-year low 10-year high
P/B against its own 10 years 38.48%
10-year low 10-year high
EV/Sales against its own 10 years 6.61%
10-year low 10-year high
EV/FCF against its own 10 years 12.60%
10-year low 10-year high

Dividends

Yield
1.57%
Annual rate
0.28
Payout ratio
—
  1. 0.28 ’25
  2. 0.28 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 11 9 15 15
Receivables 451 430 395 417
Inventory 47 47 46 51
Other 2 23 42 —
569 558 525 558
2023 2024 2025 Q'26
Payables 86 97 110 161
ST’ Debt 19 25 31 35
Other — — — —
562 585 611 718

Compound Annual Growth %

10y 5y 3y
Sales 17.54% 12.38% 2.11%
Cash Flow 20.32% 20.11% 0.77%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% (16.13%) (18.22%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.24 Actual 0.28

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.29 0.30 Beat by 0.01
Q4 FY25 0.33 0.29 Miss by 0.04
Q1 FY26 0.16 0.21 Beat by 0.05
Q2 FY26 0.24 0.28 Beat by 0.04
Q3 FY26 0.28 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.15 0.26 0.28 — —
’25 0.23 0.26 0.24 (1.03) (0.29)
’24 0.29 (0.25) (0.37) 0.48 0.15
’23 1.00 0.43 0.46 0.44 2.36
’22 0.22 0.32 0.59 0.40 1.53
’21 0.02 0.08 0.26 0.32 0.69
’20 0.81 (0.13) (0.03) 0.25 0.41
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 549 612 601 — —
’25 560 589 567 566 2,281
’24 587 605 601 603 2,396
’23 565 582 605 612 2,365
’22 451 523 578 591 2,143
’21 425 461 461 326 1,673
’20 256 257 417 343 1,273
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 191 162 198 — —
’25 207 205 191 159 762
’24 209 176 (2) 179 562
’23 149 202 191 219 761
’22 146 188 210 200 745
’21 122 140 130 148 540
’20 38 75 61 130 305
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 106 51 198 — —
’25 145 130 122 91 489
’24 144 121 (60) 124 328
’23 103 160 148 166 577
’22 55 69 83 123 330
’21 91 82 78 51 303
’20 8 39 28 87 162
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 427 446 751 1,064 1,273 1,673 2,143 2,365 2,396 2,281 2,328 +20.5% 2,311 2,363 2,483 +2.9%
Gross margin, % 55.59 53.42 54.67 55.28 62.89 63.57 64.98 67.64 66.95 65.64 63.84 +10.1 pt
EBT (88) (165) (68) (123) 4 151 365 468 37 (55) (66) (5.0%)
EBT margin, % (20.54) (37.09) (9.10) (11.60) 0.28 9.05 17.04 19.81 1.53 (2.43) (2.85) +18.1 pt
Net income (31) (150) (30) (121) 75 160 340 476 28 (53) (61) +6.2%
Per share, $
Per share, $ Revenue 29.33 22.57 8.62 9.79 7.52 7.39 9.88 11.91 12.74 12.51 12.84 (9.0%)
Earnings (2.13) (7.47) (0.29) (1.11) 0.42 0.71 1.57 2.40 0.15 (0.29) (0.33) (19.9%)
Cash flow 4.04 (0.07) 0.43 1.59 1.80 2.38 3.43 3.83 2.99 4.18 3.92 +0.4%
Capex (2.92) (4.44) (1.54) (1.40) (0.84) (1.05) (1.91) (0.93) (1.24) (1.50) 0.00 (7.1%)
Free cash flow 1.12 (4.51) (1.11) 0.18 0.96 1.34 1.52 2.90 1.74 2.68 3.92 +10.2%
Book value 1.59 24.52 8.05 5.11 12.20 8.82 7.22 6.35 5.42 4.69 5.29 +12.8%
Shares, m 15 20 87 109 169 227 217 199 188 182 181 +32.4%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 24.88 57.52 28.55 18.60 209.06 0.00 0.00 33.9
P/S 0.00 1.02 1.09 1.89 3.08 5.53 4.54 3.72 2.63 1.51 1.39 2.5
P/B 0.00 0.94 1.17 3.62 1.90 4.63 6.21 6.97 6.18 4.01 3.37 3.6
EV/Sales 0.00 2.41 3.31 3.45 5.00 7.13 5.97 5.22 4.17 3.07 2.87 4.0
EV/FCF 0.00 (12.06) (25.68) 183.55 39.23 39.36 38.71 21.39 30.44 14.34 17.66 32.9
Cash, $m
Cash, $m Operating cash flow 59 (1) 37 173 305 540 745 761 562 762 710 +32.9%
Capex (42) (88) (134) (153) (143) (237) (414) (185) (233) (273) (332) +23.0%
Free cash flow 16 (89) (97) 20 162 303 330 577 328 489 710 +45.9%
Balance, $m
Balance, $m Working capital (35) (28) (13) (28) (27) (35) (41) 7 (27) (86) (160) +10.5%
Net debt 655 618 1,668 1,659 2,445 2,677 3,069 3,546 3,699 3,574 3,434 +20.7%
Shareholders’ equity 23 485 702 555 2,064 1,997 1,565 1,261 1,019 856 959 +49.4%
Returns, %
Returns, % ROA (3.64) (9.50) (1.21) (4.27) 1.75 2.82 5.85 7.96 0.46 (0.89) (1.01) +2.8 pt
ROIC (0.29) (3.31) 0.17 3.32 2.24 4.02 6.90 8.76 3.50 2.56 2.23 +2.9 pt
ROE (13.48) (58.19) (4.25) (19.21) 5.66 7.89 19.06 33.71 2.47 (5.65) (6.01) +7.8 pt
People
People Employees — 1,600 2,000 2,500 4,300 4,700 4,500 5,000 4,500 4,700 — +14.4%
Revenue/emp, $m 0.00 0.28 0.38 0.43 0.30 0.36 0.48 0.47 0.53 0.49 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

WillScot Holdings Corporation vs peers in Rental & Leasing Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GATX GATX Corporation $6.5B 17.4× 17.8× +36.13% (above 0%: growing) +30.22% (above 0%: growing) +145.40% (above 0%: growing) 74.97% 32.17% Compare
HRI Herc Holdings Inc. $5.0B 40.8× 25.2× +4.60% (above 0%: growing) +245.98% (above 0%: growing) −330.00% (below 0%: shrinking) 55.35% 18.18% Compare
CAR Avis Budget Group, Inc. $4.3B — (loss-making) 83.1× −2.36% (below 0%: shrinking) −44.84% (below 0%: shrinking) −11.76% (below 0%: shrinking) 52.82% 19.79% Compare
EQPT EquipmentShare.com Inc. $3.5B 15.4× 39.0× +102.37% (above 0%: growing) n/m −17.02% (below 0%: shrinking) 28.36% 6.49% Compare
WSC WillScot Holdings Corporation $3.2B — (loss-making) 17.6× +6.09% (above 0%: growing) +16.67% (above 0%: growing) +61.99% (above 0%: growing) 63.18% 20.99%
MGRC McGrath RentCorp $3.1B 19.6× 18.6× +7.08% (above 0%: growing) +16.23% (above 0%: growing) −132.83% (below 0%: shrinking) 47.66% 26.93% Compare
CTOS Custom Truck One Source, Inc. $2.1B 71.6× 82.8× +2.73% (above 0%: growing) n/m +540.01% (above 0%: growing) 22.87% 7.69% Compare
VSTS Vestis Corporation $1.9B — (loss-making) 93.4× −1.80% (below 0%: shrinking) n/m +478.29% (above 0%: growing) 28.02% 5.63% Compare
PRG Aaron's Holdings Company, Inc. $1.5B 10.3× 9.1× +25.63% (above 0%: growing) +13.23% (above 0%: growing) −2.74% (below 0%: shrinking) 89.55% 9.09% Compare
Median of peers $3.3B 18.5× 32.1× +5.84% +16.23% −7.25% 50.24% 13.64%

All 20 Rental & Leasing Services stocks →

Pay and ownership Proxy statement filed 22 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 7.31m (6.06m) 82.00
2024 7.19m (14.06m) 144.00
2023 8.39m 4.66m 192.00
2022 8.59m 20.81m 195.00
2021 17.66m 47.14m 176.00

Ownership

Directors and executive officers, together 3.00%
FMR LLC 13.00%
BlackRock, Inc. 12.00%
The Vanguard Group, Inc. 10.00%
JPMorgan Chase & Co. 5.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

WillScot Holdings Corporation (WSC) Latest News

6 Nov

Impact 3 · · GuruFocus.com
Impact 3 · · The Motley Fool transcript

5 Nov

Impact 3 · · StockStory
Impact 3 · · GlobeNewswire

27 Oct

Impact 3 · · Insider Monkey

26 Oct

Impact 3 · · Trefis

22 Oct

Impact 3 · · GlobeNewswire

18 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

17 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

16 Oct

Impact 3 · · MT Newswires

7 Oct

Impact 3 · · GlobeNewswire

19 Sep

Impact 3 ·

17 Sep

Impact 3 ·

11 Sep

Impact 4 ·

18 Aug

Impact 3 ·

15 Aug

Impact 3 ·

13 Aug

Impact 3 · · The Motley Fool transcript

10 Aug

Impact 3 ·

8 Aug

Impact 3 ·

7 Aug

Impact 4 · · Moby
Impact 4 ·
Impact 3 · · MarketBeat

6 Aug

Impact 4 ·
Impact 4 ·
Impact 3 ·

26 May

Impact 3 · · StockStory

17 May

Impact 3 · · StockStory

12 May

Impact 4 · · StockStory

WSC metrics, ten years each

stockrow.com/WSC · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com