WillScot Holdings Corp WSC

Technology SIC 7350 - Services-Miscellaneous Equipment Rental & Leasing NAICS Real Estate and Rental and Leasing › Rental and Leasing Services › Commercial and Industrial Machinery and Equipment Rental and Leasing derived Nasdaq

Headquartered in Scottsdale, Arizona, we are a leading business services provider specializing in innovative and flexible turnkey temporary space solutions. Our diverse product offering includes modular office complexes, mobile offices, classrooms, blast-resistant modules, clearspan structures, sanitation solutions, portable storage containers, and climate-controlled containers and trailers. We offer our customers a thoughtfully curated selection of solutions intended to improve the overall customer experience by making modular space and portable storage units more productive, comfortable, safe and secure for our customers with Value-Added Products ("VAPS"), such as workstations, furniture, appliances, media packages, power and solar solutions, telematics, connectivity and data solutions, security and protection products, entrance packages, electrical and lighting products, organization and space optimization assets, perimeter solutions, and other items. These turnkey space solutions offer customers flexible, low-cost, and timely solutions to meet their space needs on an outsourced basis.

Last close 16.26 2026-10-23
Market cap $2.95B 2026-06-30 share count
52-week range 14.91 - 29.77

Valuation FY2025 figures against the last close

P/S1.3x
P/E—
P/FCF4.0x
EV/EBITDA16.2x
Dividend yield1.7%
Diluted EPS-0.29

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • US
  • Canada
  • Other
Revenue by geography, 3 categories over 1 years. The same figures are in the table below. FY2025 US, FY2025: 2.1B (93.9%) 94% US Canada, FY2025: 118M (5.2%) 5% Canada Other, FY2025: 21.3M (0.9%)
Region FY2025
US $2.14B
Canada $118.0M
Other $21.3M

As the company reported it, from the “Revenue - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.28B$2.40B$2.36B$2.14B$1.67B$1.27B$1.06B$751.4M$445.9M$426.6M
Cost of revenue ————————$85.5M$75.4M
Gross profit $1.16B$1.30B$1.33B$1.14B$844.7M$608.4M$413.3M$289.4M$165.6M$168.2M
SG&A $581.8M$630.7M$596.1M$567.5M$480.4M$338.4M$271.0M$234.8M$162.4M$139.1M
Operating income $181.5M$263.9M$673.5M$511.5M$300.4M$161.8M$117.5M$6.3M-$58.3M-$3.2M
Interest expense ——$205.0M$146.3M$116.4M$119.3M$122.5M$98.4M$119.3M$94.7M
Pre-tax income -$55.4M$36.6M$468.4M$365.2M$151.4M$3.5M-$123.4M-$68.3M-$165.4M-$87.6M
Income tax $2.4M$8.5M$126.6M$88.9M$36.5M$56.0M$2.2M$38.6M$936.0K$24.5M
Net income -$53.0M$28.0M$476.0M$340.0M$160.0M$74.0M-$121.2M-$25.2M-$147.7M-$30.9M
EPS, basic -0.290.152.401.570.710.44-1.11-0.29—0.05
EPS, diluted -0.290.152.361.530.690.25-1.11-0.53-7.47-2.13
Shares, diluted (wtd. avg.) 182.4M190.3M201.8M221.4M232.8M177.3M108.7M89.0M—62.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $14.6M$9.0M$11.0M$17.8M$12.7M$24.9M$3.0M$9.0M$9.2M$6.2M
Receivables $394.7M$430.4M$451.1M$409.8M$351.3M$330.9M$247.6M$206.5M$94.8M$71.4M
Inventory $45.6M$47.5M$47.4M$41.0M$29.8M$23.7M$15.4M$16.2M$10.1M$8.9M
Total current assets $525.1M$557.5M$569.1M$521.0M$483.0M$421.6M$292.6M$256.3M$127.8M$137.5M
Property, plant and equipment ————$312.2M$303.6M—$183.8M$83.7M$84.2M
Goodwill $1.26B$1.20B$1.18B$1.01B$1.01B$962.4M$235.2M$247.0M$28.6M$56.8M
Other intangibles $224.1M$251.2M$419.7M$419.1M$442.9M$495.9M$126.6M$131.8M$126.3M$125.0M
Total assets $5.82B$6.03B$6.14B$5.83B$5.77B$5.57B$2.90B$2.75B$1.41B$1.70B
Accounts payable $109.9M$96.6M$86.1M$109.3M$102.6M$106.9M$109.9M$90.4M$57.1M$33.1M
Total current liabilities $611.1M$585.0M$562.0M$561.9M$517.6M$448.7M$320.4M$269.0M$155.7M$172.7M
Long-term debt ——————$1.63B———
Total liabilities $4.96B$5.02B$4.88B$4.26B$3.78B$3.51B$2.34B$2.05B$926.2M$1.68B
Retained earnings -$800.0M-$747.0M-$775.1M-$1.25B-$1.59B-$1.75B-$1.83B-$1.68B-$1.64B-$1.49B
Total equity $856.3M$1.02B$1.26B$1.57B$2.00B$2.06B$555.2M$657.6M$366.1M$23.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $762.0M$561.6M$761.2M$744.7M$539.9M$304.8M$172.6M$37.1M-$1.4M$58.7M
Depreciation and amortisation ————$315.6M$243.8M$187.1M$134.7M$81.3M$78.0M
Stock-based compensation $38.4M$36.0M$34.5M$29.6M$26.2M$9.9M$6.7M$3.4M$3.0M$0
Capital expenditure $24.3M$18.4M$22.2M$43.7M$30.5M$16.5M$8.3M$4.6M$4.4M$2.4M
Investing cash flow -$417.5M-$362.3M-$350.0M-$309.3M-$384.0M-$125.4M-$152.6M-$1.22B-$392.6M-$30.2M
Financing cash flow -$340.5M-$200.1M-$418.9M-$429.4M-$167.9M-$159.0M-$26.1M$1.18B$396.8M-$31.4M
Dividends paid $51.1M$0$0———————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001647088-26-000021.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 426.6M Gross profit, FY2016: 168.2M Net income, FY2016: -30.9M Revenue, FY2017: 445.9M Gross profit, FY2017: 165.6M Net income, FY2017: -147.7M Revenue, FY2018: 751.4M Gross profit, FY2018: 289.4M Net income, FY2018: -25.2M Revenue, FY2019: 1.1B Gross profit, FY2019: 413.3M Net income, FY2019: -121.2M Revenue, FY2020: 1.3B Gross profit, FY2020: 608.4M Net income, FY2020: 74M Revenue, FY2021: 1.7B Gross profit, FY2021: 844.7M Net income, FY2021: 160M Revenue, FY2022: 2.1B Gross profit, FY2022: 1.1B Net income, FY2022: 340M Revenue, FY2023: 2.4B Gross profit, FY2023: 1.3B Net income, FY2023: 476M Revenue, FY2024: 2.4B Gross profit, FY2024: 1.3B Net income, FY2024: 28M Revenue, FY2025: 2.3B Gross profit, FY2025: 1.2B Net income, FY2025: -53M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $426.6M $445.9M $751.4M $1.06B $1.27B $1.67B $2.14B $2.36B $2.40B $2.28B
Gross profit $168.2M $165.6M $289.4M $413.3M $608.4M $844.7M $1.14B $1.33B $1.30B $1.16B
Net income -$30.9M -$147.7M -$25.2M -$121.2M $74.0M $160.0M $340.0M $476.0M $28.0M -$53.0M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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