U-Haul Holding Company (UHAL) vs WillScot Holdings Corporation (WSC)

U-Haul Holding Company and WillScot Holdings Corporation are both Rental & Leasing Services companies. U-Haul Holding Company is the larger, with a market value of $10.1B against $3.0B — 3.4× the size. WillScot Holdings Corporation has negative trailing earnings, so its P/E is not meaningful; U-Haul Holding Company trades at 407×. U-Haul Holding Company grew revenue faster over the last twelve months: 3.02% against −2.51%. U-Haul Holding Company has the higher net margin (0.47% vs −3.00%) and the lower return on invested capital (1.81% vs 2.13%). Across the 20 metrics below, U-Haul Holding Company leads on 12 and WillScot Holdings Corporation on 8.

Valuation

Metric UHAL WSC Rental & Leasing Services median
P/E 407.29 n/m 18.17
P/S 1.83 1.25 0.92
P/B 1.43 3.16 2.15
Price to free cash flow n/m 7.76 7.80
EV/EBITDA 10.94 11.21 7.72
EV/Sales 2.99 2.77 2.47
Earnings yield 0.25% (2.33%) 1.00%
Free cash flow yield (4.85%) 12.89% 1.43%

Profitability

Metric UHAL WSC Rental & Leasing Services median
Gross margin 28.88% 64.16% 49.40%
Operating margin 6.99% 6.51% 8.49%
Net margin 0.47% (3.00%) 1.01%
Free cash flow margin (8.89%) 16.18% 1.87%
Return on equity 0.36% (7.08%) 12.13%
Return on assets 0.13% (1.15%) 0.24%
Return on invested capital 1.81% 2.13% 2.80%

Growth

Metric UHAL WSC Rental & Leasing Services median
Revenue growth (TTM) 3.02% (2.51%) 3.21%
EPS growth (last fiscal year) (85.80%) (293.33%) (8.44%)
Revenue growth, 5-year CAGR 5.86% 12.38% 12.97%
Net income growth, 5-year CAGR (38.90%) 0.00% 0.00%

Health

Metric UHAL WSC Rental & Leasing Services median
Debt to equity 1.06 3.84 1.48
Current ratio 1.77 0.81 1.36
Net debt to EBITDA 4.22 5.73 4.32

Dividend

Metric UHAL WSC Rental & Leasing Services median
Dividend yield — 1.76% 1.56%
Payout ratio — — 0.22

Size

Metric UHAL WSC Rental & Leasing Services median
Market cap 10.07b 2.97b 2.43b

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