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 $10.2B against $3.2B — 3.2× the size. WillScot Holdings Corporation has negative trailing earnings, so its P/E is not meaningful; U-Haul Holding Company trades at 416×. U-Haul Holding Company grew revenue faster over the last twelve months: 2.84% against 0.44%. U-Haul Holding Company has the higher net margin (0.97% vs −2.60%) and the lower return on invested capital (1.98% vs 2.23%). Across the 20 metrics below, U-Haul Holding Company leads on 11 and WillScot Holdings Corporation on 9.

Valuation

Metric UHAL WSC Rental & Leasing Services median
P/E 415.64 n/m 20.11
P/S 1.86 1.39 1.11
P/B 1.46 3.37 2.44
Price to free cash flow n/m 8.57 11.04
EV/EBITDA 11.21 11.77 8.70
EV/Sales 3.03 2.87 2.87
Earnings yield 0.24% (1.85%) 3.40%
Free cash flow yield (4.01%) 11.67% 0.63%

Profitability

Metric UHAL WSC Rental & Leasing Services median
Gross margin 0.00% 63.84% 48.46%
Operating margin 7.71% 6.73% 8.37%
Net margin 0.97% (2.60%) 1.97%
Free cash flow margin (7.44%) 30.51% 2.91%
Return on equity 0.00% (6.01%) 12.31%
Return on assets 0.28% (1.01%) 0.88%
Return on invested capital 1.98% 2.23% 2.86%

Growth

Metric UHAL WSC Rental & Leasing Services median
Revenue growth (TTM) 2.84% 0.44% 4.47%
EPS growth (last fiscal year) (85.80%) (293.33%) 1.04%
Revenue growth, 5-year CAGR 5.86% 12.38% 11.45%
Net income growth, 5-year CAGR (38.90%) 0.00% 0.00%

Health

Metric UHAL WSC Rental & Leasing Services median
Debt to equity 1.07 3.60 1.28
Current ratio 0.00 0.78 1.01
Net debt to EBITDA 4.22 5.73 4.19

Dividend

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

Size

Metric UHAL WSC Rental & Leasing Services median
Market cap 10.24b 3.23b 3.37b

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