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 $1.3B — 2.5× the size. WillScot Holdings Corporation has negative trailing earnings, so its P/E is not meaningful; Aaron's Holdings Company, Inc. trades at 8.9×. Aaron's Holdings Company, Inc. grew revenue faster over the last twelve months: 7.96% against −2.51%. Aaron's Holdings Company, Inc. has the higher net margin (5.61% vs −3.00%) and the higher return on invested capital (8.67% vs 2.13%). Across the 20 metrics below, Aaron's Holdings Company, Inc. leads on 18 and WillScot Holdings Corporation on 2.

Valuation

Metric PRG WSC Rental & Leasing Services median
P/E 8.88 n/m 19.17
P/S 0.50 1.43 0.99
P/B 1.63 3.61 2.23
Price to free cash flow 4.12 8.87 8.31
EV/EBITDA 1.19 11.94 7.84
EV/Sales 0.81 2.95 2.53
Earnings yield 11.26% (2.04%) 0.95%
Free cash flow yield 24.29% 11.28% 1.43%

Profitability

Metric PRG WSC Rental & Leasing Services median
Gross margin 94.71% 64.16% 49.40%
Operating margin 8.49% 6.51% 8.49%
Net margin 5.61% (3.00%) 1.01%
Free cash flow margin 12.20% 16.18% 1.87%
Return on equity 19.90% (7.08%) 12.13%
Return on assets 8.37% (1.15%) 0.24%
Return on invested capital 8.67% 2.13% 2.80%

Growth

Metric PRG WSC Rental & Leasing Services median
Revenue growth (TTM) 7.96% (2.51%) 3.21%
EPS growth (last fiscal year) (20.75%) (293.33%) —
Revenue growth, 5-year CAGR (0.61%) 12.38% 12.97%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PRG WSC Rental & Leasing Services median
Debt to equity 1.10 3.84 1.48
Current ratio 4.03 0.81 1.36
Net debt to EBITDA 0.16 5.73 4.32

Dividend

Metric PRG WSC Rental & Leasing Services median
Dividend yield 0.40% — 1.59%
Payout ratio 0.00 0.00 0.00

Size

Metric PRG WSC Rental & Leasing Services median
Market cap 1.30b 3.22b 2.42b

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