Aaron's Holdings Company, Inc. (PRG) vs WillScot Holdings Corporation (WSC)

Aaron's Holdings Company, Inc. and WillScot Holdings Corporation are both Rental & Leasing Services companies. WillScot Holdings Corporation is the larger, with a market value of $3.2B against $1.5B — 2.1× the size. WillScot Holdings Corporation has negative trailing earnings, so its P/E is not meaningful; Aaron's Holdings Company, Inc. trades at 10.3×. Aaron's Holdings Company, Inc. grew revenue faster over the last twelve months: 15.4% against 0.44%. Aaron's Holdings Company, Inc. has the higher net margin (5.46% vs −2.60%) and the higher return on invested capital (9.46% vs 2.23%). Both pay a dividend; WillScot Holdings Corporation yields more (1.57% vs 1.41%). Across the 21 metrics below, Aaron's Holdings Company, Inc. leads on 18 and WillScot Holdings Corporation on 3.

Valuation

Metric PRG WSC Rental & Leasing Services median
P/E 10.29 n/m 20.11
P/S 0.56 1.39 1.11
P/B 1.91 3.37 2.44
Price to free cash flow 4.89 8.57 11.04
EV/EBITDA 1.28 11.77 8.70
EV/Sales 0.83 2.87 2.87
Earnings yield 9.72% (1.85%) 3.40%
Free cash flow yield 20.46% 11.67% 0.63%

Profitability

Metric PRG WSC Rental & Leasing Services median
Gross margin 92.25% 63.84% 48.46%
Operating margin 8.52% 6.73% 8.37%
Net margin 5.46% (2.60%) 1.97%
Free cash flow margin 11.44% 30.51% 2.91%
Return on equity 19.95% (6.01%) 12.31%
Return on assets 8.37% (1.01%) 0.88%
Return on invested capital 9.46% 2.23% 2.86%

Growth

Metric PRG WSC Rental & Leasing Services median
Revenue growth (TTM) 15.43% 0.44% 4.47%
EPS growth (last fiscal year) (20.75%) (293.33%) 1.04%
Revenue growth, 5-year CAGR (0.61%) 12.38% 11.45%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PRG WSC Rental & Leasing Services median
Debt to equity 1.07 3.60 1.28
Current ratio 3.81 0.78 1.01
Net debt to EBITDA 0.16 5.73 4.19

Dividend

Metric PRG WSC Rental & Leasing Services median
Dividend yield 1.41% 1.57% 1.38%
Payout ratio 0.15 — 0.24

Size

Metric PRG WSC Rental & Leasing Services median
Market cap 1.52b 3.23b 3.37b

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