Avis Budget Group, Inc. (CAR) vs WillScot Holdings Corporation (WSC)

Avis Budget Group, Inc. and WillScot Holdings Corporation are both Rental & Leasing Services companies. Avis Budget Group, Inc. is the larger, with a market value of $4.3B against $3.2B — 1.3× the size. WillScot Holdings Corporation grew revenue faster over the last twelve months: 0.44% against −0.60%. WillScot Holdings Corporation has the higher net margin (−2.60% vs −6.98%) and the higher return on invested capital (2.23% vs 0.00%). Across the 19 metrics below, Avis Budget Group, Inc. leads on 11 and WillScot Holdings Corporation on 8.

Valuation

Metric CAR WSC Rental & Leasing Services median
P/E n/m n/m 20.11
P/S 0.36 1.39 1.11
P/B n/m 3.37 2.44
Price to free cash flow 1.73 8.57 11.04
EV/EBITDA 5.92 11.77 8.70
EV/Sales 2.54 2.87 2.87
Earnings yield (18.84%) (1.85%) 3.40%
Free cash flow yield 57.77% 11.67% 0.63%

Profitability

Metric CAR WSC Rental & Leasing Services median
Gross margin 48.11% 63.84% 48.46%
Operating margin 7.10% 6.73% 8.37%
Net margin (6.98%) (2.60%) 1.97%
Free cash flow margin 21.06% 30.51% 2.91%
Return on equity 29.16% (6.01%) 12.31%
Return on assets (2.54%) (1.01%) 0.88%
Return on invested capital 0.00% 2.23% 2.86%

Growth

Metric CAR WSC Rental & Leasing Services median
Revenue growth (TTM) (0.60%) 0.44% 4.47%
EPS growth (last fiscal year) 50.71% (293.33%) 1.04%
Revenue growth, 5-year CAGR 16.62% 12.38% 11.45%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CAR WSC Rental & Leasing Services median
Debt to equity (0.12) 3.60 1.28
Current ratio 0.70 0.78 1.01
Net debt to EBITDA 5.37 5.73 4.19

Dividend

Metric CAR WSC Rental & Leasing Services median
Dividend yield — 1.57% 1.38%
Payout ratio — — 0.24

Size

Metric CAR WSC Rental & Leasing Services median
Market cap 4.25b 3.23b 3.37b

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