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WillScot Holdings Corporation

WSCIndustrialsNASDAQ

Rental & Leasing Services

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Financials · Annual
Revenue
$2.28B
-4.8% YoY
Net Income
-$53.0M
-288.4% YoY
EBITDA
$606.1M
-6.6% YoY
Free Cash Flow
$327.5M

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About WillScot Holdings Corporation

WillScot Holdings Corporation provides turnkey temporary space solutions in the United States, Canada, and Mexico. The $4.68B market capitalization puts WSC squarely in mid-cap range for its industry. The company leases, sells, delivers, and installs modular space solutions and portable storage products.

Key stats
Market Cap$4.68B
Fwd P/E18.95
EPS$-0.37
Beta1.31
52W Change-4.1%
Dividend Yield1.08%
ROE-7.2%
Analysis

On the balance sheet, WSC has $17.1M in cash with $3.82B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow comes in at $327.5M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at -7.2%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 5.2% suggests reasonable efficiency in deploying the company's asset base. Revenue has been relatively flat, moving from $2.14B (2022) to $2.28B (2025).

Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence WillScot Holdings Corporation's trajectory.

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