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Willscot Holdings Corp (WSC) stock

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NASDAQ: WSC Nasdaq Diversified Support Services Next results ~November 5, 2026

C+ Fundamentals grade

Willscot Holdings Corp is a US-listed company in the diversified support services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($37.96) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($37.96) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating. We'll show the comparison once resolved.

Willscot Holdings Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 3 sales by directors and officers, last 12 monthsInsider trades
  • Funds191 adding, 176 cuttingOf 64 active managers that changed their stake, 30 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Willscot Holdings files

Where Willscot stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.29bn, down 2.5% on a year earlier, faster than -4.1% a quarter earlier. That puts it 881 of 931 for growth among all the companies we cover. Free-cash-flow margin rose to 29.7% from 24.3% a year earlier. Operating margin narrowed to 6.5% from 16.4%. The diluted share count is down 3.1% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 0 of our 2 financial-health checks.

Our model value for Willscot Holdings is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Willscot Holdings Corp's trailing-twelve-month revenue fell 2.5% year on year, with a free-cash-flow margin of 29.7%. Where it stands out: free-cash-flow margin of 29.7% ranks 1 of 31 diversified support services companies we cover. Where it lags: revenue growth of -2.5% ranks 29 of 32 diversified support services companies we cover.

Our discounted-cash-flow model values the business at ~$38 per share in the base case (~$24–$57 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 12% in the quarter to 2026-06-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Strong cash generation. 29.7% of revenue turned into free cash flow, against a median of 4.1% for diversified support services companies we cover.
  • Shrinking share count. Diluted shares fell 3.1% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 2.5% over the last 12 months.
  • Margins narrowing. Operating margin is down 9.9 points on a year ago.
  • High debt. Long-term debt exceeds cash by $3.4bn, more than 1.5 times annual revenue.
  • Volatile shares. Over the past year the shares showed annualised volatility of 53% and a beta of 1.8 against the S&P 500.
  • Gross margin slipping. Gross margin is down 2.8 points on a year ago.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.28 against an average estimate of $0.25: beat by 12.5%
Revenue
$612m, up 3.9% on a year earlier
Share reaction
-8.2% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
revenue $2.3bn (2026); adjusted EBITDA $920m (2026)
Next report
November 5, 2026; average EPS estimate $0.28

Willscot Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+5.0%
  • 1 week+16.9%
  • 1 month+11.3%
  • This year+3.3%
  • 1 year-10.3%
  • 5 years-42.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.3B
Operating margin
6.5%
Net margin
-3.0%
EPS (TTM, diluted)
$-0.38

Growth

Revenue growth
−2.5%
Change in growth rate
+1.6 pts
Share count change
−3.1%

Cash

Free cash flow (TTM)
$682M
FCF margin
29.7%
Stock pay % of revenue
1.6%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Willscot Holdings Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($37.96) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of Willscot Holdings Corp's free cash flow after stock-based pay ( $624M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Willscot Holdings Corp as an operating company, with every model that fits that kind of business. Cost of equity 10.2%: the 10-year Treasury yield (4.9%) plus a beta of 1.17 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$38 ~$24–$57 Left out: far from the other models (more than 3x away from their median)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$16 ~$16–$30 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$6.6 ~$4.6–$9.6 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$6.6 ~$5.8–$7.7 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Willscot Holdings Corp with Diversified Support Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$9.36$9.74$12.44$9.22$18.11$22.69$39.99$44.23$43.58$32.76$18.65$19.26
Market value$45m$203m$246m$821m$2.0bn$4.0bn$9.3bn$9.8bn$8.8bn$6.2bn$3.4bn$3.5bn
+ Net debt (− = net cash)−$9m$651m$618m$1.7bn$1.6bn$2.4bn$2.7bn$3.1bn$3.5bn$3.7bn$3.6bn$3.5bn
Enterprise value$36m$854m$863m$2.5bn$3.6bn$6.5bn$12.0bn$12.9bn$12.3bn$9.9bn$7.0bn$7.0bn
Multiples
Price / sales 0.1x0.5x0.6x1.1x1.9x3.2x5.6x4.6x3.7x2.6x1.5x1.5x
Price / earnings —————54.4x58.1x28.8x18.5xn/m——
Price / free cash flow 0.4x3.6x—25.2x12.0x13.9x18.3x14.0x11.9x11.5x4.6x5.1x
EV / EBITDA 0.4x11.4x37.6x17.6x11.8x15.9x19.5x22.4x16.5x28.6x25.1x28.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

60 /100

Moderate moat

How hard Willscot Holdings's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 10 / 20

    Cash operating profit has been a median 8.6% of total assets over 8 years.

  • Pricing power 12 / 20

    Gross margin has been a median 50.4%, moving by 7.1 percentage points (standard deviation) across 10 years.

  • Durability 4 / 20

    Operating margin has been a median 14.5%; its worst year was -12.5%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 8 of 9 years, at a median 25.8% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 22.3% over five years; stock-based pay has been a median 1.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (65 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $587m and EPS of $0.28 (range $0.25 to $0.32) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.13 −6% $2.3bn +1%
Next $1.29 +15% $2.4bn +2%

Next year's EPS estimate has moved −4.5% in 90 days, across 10 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.2% on 90 days ago. In the last 30 days, 1 analyst raised Willscot Holdings Corp's forecast and 0 cut it.

Consensus EPS forecast Willscot Holdings Corp, last 90 days
$1.10 $1.20 $1.30 $1.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.10 Current fiscal year, 60 days ago: $1.14 Current fiscal year, 30 days ago: $1.14 Current fiscal year, 7 days ago: $1.13 Current fiscal year, Now: $1.13 $1.13 Next fiscal year, 90 days ago: $1.35 Next fiscal year, 60 days ago: $1.33 Next fiscal year, 30 days ago: $1.32 Next fiscal year, 7 days ago: $1.29 Next fiscal year, Now: $1.29 $1.29

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.10$1.35
60 days ago $1.14$1.33
30 days ago $1.14$1.32
7 days ago $1.13$1.29
Now $1.13$1.29

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.25 $0.28 +12.5%
Mar 2026 $0.16 $0.21 +27.6%
Dec 2025 $0.33 $0.29 −11.0%
Sept 2025 $0.29 $0.30 +4.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Revenue 2026 about $2.3bn Raised
    “we are raising our 2026 outlook to $2.3 billion in revenue and $920 million in Adjusted EBITDA.” source
  • Adjusted EBITDA 2026 about $920m Non-GAAP Raised
    “we are raising our 2026 outlook to $2.3 billion in revenue and $920 million in Adjusted EBITDA.” source
  • Net CAPEX 2026 about $375m Non-GAAP Raised
    “we are raising our Net CAPEX outlook to $375 million for 2026.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Willscot Holdings Corp's revenue by +1.8% next year and +2.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+1.9%, weight 54%) , management guidance (+1.4%, weight 20%) and the company's own record (+2.0%, weight 26%) . How the weights are set.

Analyst recommendations

10 analysts, Oct 2026
Buy330%
Hold770%
Sell00%

Monthly trend

  1. Oct 20263710
  2. Sep 20263710
  3. Aug 20263710
  4. Jul 20263710

Counts of recommendations published by analysts covering Willscot Holdings Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.8%
of tradable shares
Days to cover
4.95
at average volume
Short interest, 1 month
+11%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
2.6%
of shares
Employees
4,700
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −10.3%

$21.47 on October 31, 2025 to $19.26

ThenNowEffect
Revenue (last 12 months) $2.4bn $2.3bn −2.5%
P/S multiple 1.7x 1.5x −10.8%
Share count 187m 181m +3.2%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −45.0%

$35.04 on November 3, 2023 to $19.26

ThenNowEffect
Revenue (last 12 months) $2.3bn $2.3bn −1.0%
P/S multiple 3.2x 1.5x −52.5%
Share count 211m 181m +16.8%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
WSC+76%+11%−2%−25%−43%+3%
Industry peers (median)+2%−13%+11%+5%−7%−17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
WSC83%58%58%42%42%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
WSC−14%−25%−34%−36%−62%−46%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 5, 2015: 72% from March 7, 2023 to November 19, 2025. Getting back needed a 251% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$14.78 – $28.97
From 52-week high
−33.5%
vs 50-day average
+6.0%
vs 200-day average
−11.5%
Volatility (1 year)
53%
Beta vs S&P 500
1.84

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±10.1%
After a week
5 up, 7 down
typical move ±11.0%
After a month
4 up, 8 down
typical move ±11.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −8.2% +0.5% −13.4% −24.5%
May 7, 2026 +20.1% +0.5% +11.7% +15.3%
February 19, 2026 +3.3% +0.5% +0.4% −22.6%
November 6, 2025 −12.1% −1.0% −17.0% −0.3%
July 31, 2025 −15.8% −2.0% −18.0% −19.5%
May 1, 2025 +8.7% +2.2% +10.3% +6.4%
February 20, 2025 −9.7% −2.1% −15.9% −23.6%
October 30, 2024 −15.4% −2.3% +1.6% −2.4%
August 1, 2024 −13.4% −3.3% −17.1% −6.0%
May 2, 2024 +2.0% +2.2% +10.8% +7.6%
February 20, 2024 −2.9% −0.5% −5.6% −6.6%
November 1, 2023 −10.0% +3.0% −9.6% +8.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Willscot Holdings Corp in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Willscot Holdings Corp
$2.3B $2.3B $2.4B $2.4B $2.5B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.3B Revenue (TTM), FY23 Q4: $2.4B Revenue (TTM), FY24 Q1: $2.4B Revenue (TTM), FY24 Q2: $2.4B Revenue (TTM), FY24 Q3: $2.4B Revenue (TTM), FY24 Q4: $2.4B Revenue (TTM), FY25 Q1: $2.4B Revenue (TTM), FY25 Q2: $2.4B Revenue (TTM), FY25 Q3: $2.3B Revenue (TTM), FY25 Q4: $2.3B Revenue (TTM), FY26 Q1: $2.3B Revenue (TTM), FY26 Q2: $2.3B $2.3B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.3B
FY23 Q4 $2.4B
FY24 Q1 $2.4B
FY24 Q2 $2.4B
FY24 Q3 $2.4B
FY24 Q4 $2.4B
FY25 Q1 $2.4B
FY25 Q2 $2.4B
FY25 Q3 $2.3B
FY25 Q4 $2.3B
FY26 Q1 $2.3B
FY26 Q2 $2.3B
Revenue growth, TTM YoY Willscot Holdings Corp
-10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 16.4% Revenue growth, TTM YoY, FY23 Q4: 10.4% Revenue growth, TTM YoY, FY24 Q1: 5.7% Revenue growth, TTM YoY, FY24 Q2: 4.0% Revenue growth, TTM YoY, FY24 Q3: 2.7% Revenue growth, TTM YoY, FY24 Q4: 1.3% Revenue growth, TTM YoY, FY25 Q1: -0.8% Revenue growth, TTM YoY, FY25 Q2: -2.3% Revenue growth, TTM YoY, FY25 Q3: -3.6% Revenue growth, TTM YoY, FY25 Q4: -4.8% Revenue growth, TTM YoY, FY26 Q1: -4.1% Revenue growth, TTM YoY, FY26 Q2: -2.5% -2.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 16.4%
FY23 Q4 10.4%
FY24 Q1 5.7%
FY24 Q2 4.0%
FY24 Q3 2.7%
FY24 Q4 1.3%
FY25 Q1 -0.8%
FY25 Q2 -2.3%
FY25 Q3 -3.6%
FY25 Q4 -4.8%
FY26 Q1 -4.1%
FY26 Q2 -2.5%
Operating margin (TTM) Willscot Holdings Corp
0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 28.5% Operating margin (TTM), FY23 Q4: 28.5% Operating margin (TTM), FY24 Q1: 27.3% Operating margin (TTM), FY24 Q2: 19.9% Operating margin (TTM), FY24 Q3: 11.1% Operating margin (TTM), FY24 Q4: 11.0% Operating margin (TTM), FY25 Q1: 10.7% Operating margin (TTM), FY25 Q2: 16.4% Operating margin (TTM), FY25 Q3: 23.3% Operating margin (TTM), FY25 Q4: 8.0% Operating margin (TTM), FY26 Q1: 7.0% Operating margin (TTM), FY26 Q2: 6.5% 6.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 28.5%
FY23 Q4 28.5%
FY24 Q1 27.3%
FY24 Q2 19.9%
FY24 Q3 11.1%
FY24 Q4 11.0%
FY25 Q1 10.7%
FY25 Q2 16.4%
FY25 Q3 23.3%
FY25 Q4 8.0%
FY26 Q1 7.0%
FY26 Q2 6.5%
FCF margin (TTM) Willscot Holdings Corp
20% 25% 30% 35% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 30.4% FCF margin (TTM), FY23 Q4: 31.3% FCF margin (TTM), FY24 Q1: 33.5% FCF margin (TTM), FY24 Q2: 32.0% FCF margin (TTM), FY24 Q3: 24.1% FCF margin (TTM), FY24 Q4: 22.7% FCF margin (TTM), FY25 Q1: 22.9% FCF margin (TTM), FY25 Q2: 24.3% FCF margin (TTM), FY25 Q3: 33.0% FCF margin (TTM), FY25 Q4: 32.3% FCF margin (TTM), FY26 Q1: 31.8% FCF margin (TTM), FY26 Q2: 29.7% 29.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 30.4%
FY23 Q4 31.3%
FY24 Q1 33.5%
FY24 Q2 32.0%
FY24 Q3 24.1%
FY24 Q4 22.7%
FY25 Q1 22.9%
FY25 Q2 24.3%
FY25 Q3 33.0%
FY25 Q4 32.3%
FY26 Q1 31.8%
FY26 Q2 29.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 453 427 446 751 1,064 1,273 1,673 2,143 2,365 2,396 2,281 2,294
Gross profit 163 168 166 289 413 608 845 1,135 1,334 1,302 1,164 1,159
EBITDA 80 75 23 141 305 406 616 574 746 347 278 245
Operating income −21 −3 −58 6 118 162 300 511 673 264 181 149
Net income −72 −31 −148 −25 −11 74 160 340 476 28 −53 −69
Diluted EPS −$14.76 $0.03 −$7.47 −$0.53 −$1.11 $0.25 $0.69 $1.53 $2.36 $0.15 −$0.29 −$0.38
Growth (year on year)
Revenue — −5.9% +4.5% +68.5% +41.6% +19.7% +31.4% +28.1% +10.4% +1.3% −4.8% −2.5%
EBITDA — −6.9% −69.3% +513.8% +116.0% +33.2% +51.9% −6.8% +30.1% −53.5% −20.0% −49.0%
Operating income — — — — — +37.7% +85.7% +70.3% +31.7% −60.8% −31.2% −61.3%
Net income — — — — — — +116.4% +112.0% +40.3% −94.1% — −162.8%
Diluted EPS — — — — — — +176.0% +121.7% +54.2% −93.6% — −164.8%
Margins
Gross margin 35.9% 39.4% 37.1% 38.5% 38.9% 47.8% 50.5% 53.0% 56.4% 54.3% 51.0% 50.5%
EBITDA margin 17.7% 17.5% 5.2% 18.8% 28.6% 31.9% 36.8% 26.8% 31.6% 14.5% 12.2% 10.7%
Operating margin −4.6% −0.7% −13.1% 0.8% 11.0% 12.7% 18.0% 23.9% 28.5% 11.0% 8.0% 6.5%
Net margin −15.8% −7.3% −33.1% −3.4% −1.0% 5.8% 9.6% 15.8% 20.1% 1.2% −2.3% −3.0%
Free-cash-flow margin 24.8% 13.2% −1.3% 4.3% 15.4% 22.7% 30.4% 32.7% 31.3% 22.7% 32.3% 29.7%
Cash flow
Cash from operations 120 59 −1 37 173 305 540 745 761 562 762 703
Capital spending 7 2 4 5 8 16 30 44 22 18 24 22
Free cash flow 112 56 −6 33 164 288 509 701 739 543 738 682
Stock-based pay 0 0 3 3 7 10 26 30 34 36 38 37
Free cash flow after stock pay 112 56 −9 29 158 278 483 671 705 507 699 645
Balance sheet
Cash 9 6 9 9 3 25 6 7 11 9 15 18
Total debt 0 658 627 1,676 1,633 2,470 2,684 3,076 3,557 3,708 3,588 3,495
Net debt (negative = net cash) −9 651 618 1,668 1,630 2,445 2,677 3,069 3,546 3,699 3,574 3,477
Diluted shares 5m 21m 20m 89m 109m 177m 233m 221m 202m 190m 182m 181m
Returned to shareholders
Dividends — — — — — — — — 0 0 51 51
Buybacks — — — — — 22 364 752 818 278 100 34
Total returned — — — — — 22 364 752 818 278 151 85

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 6 checks passed · June 30, 2026
What it owns · $5.9bn
Short-term assets $557mLonger-term assets $5.3bn
What it owes, and who funded it · $5.9bn
Short-term liabilities $687mLonger-term liabilities $4.3bnShareholders' equity $911m
  • Short-term assets cover short-term liabilities $557m of assets due within a year against $687m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $557m short-term assets against $4.3bn of longer-dated liabilities.
  • More cash than debt $18m of cash against $3.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 380% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 134% to 380% over five years.
  • A year's operating cash flow covers at least 20% of debt $703m of operating cash flow against $3.5bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Willscot Holdings Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$33.9M
Dividends (TTM)
$50.9M
Returned to shareholders
12%
of free cash flow
Buybacks, last 3 fiscal years
$1.2B
Diluted share count
−3.1%
year over year
Total shareholder yield
2.4%
dividends 1.5% + buybacks 1.0% of market value
Sales & admin spending
25.9%
of revenue
Days sales outstanding
67 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in diversified support services
Last 12 months unless stated WSC CXW UNF OPLN VSTS HCSG Median
Revenue, last 12 months $2.3bn $2.5bn $2.5bn $2.1bn $2.7bn $1.9bn $906m
Revenue growth, last 12 months −2.5% 24.3% 3.7% 11.8% −0.4% 4.0% 6.3%
Revenue growth, 3-year average −0.3% 10.2% 4.2% 8.4% — 4.0% 6.4%
Revenue growth, latest quarter 3.9% 27.3% 5.0% 15.1% −1.8% 3.3% 7.2%
Gross margin 50.5% — 36.6% — — 16.1% 29.0%
Operating margin 6.5% 5.9% 5.4% 11.5% 3.6% — 4.9%
Operating margin, 3-year average 14.3% 11.1% 6.8% 10.1% 4.3% — 9.9%
Net margin −3.0% 5.1% 4.3% 9.7% −0.2% 5.6% 2.7%
Cash from operations / revenue 30.7% 8.1% 8.1% 19.8% 7.1% 6.0% 7.1%
Free-cash-flow margin 29.7% 2.4% 2.8% 17.1% 5.1% 5.7% 3.7%
Free-cash-flow margin, 3-year average 28.7% 6.5% 4.7% 14.5% 7.4% 5.5% 7.4%
Stock pay / revenue 1.6% 1.1% 0.5% 1.3% 0.4% 0.6% 1.4%
Change in share count −3.1% −7.1% −2.1% −0.1% 0.6% −4.0% 0.1%

Median of all 32 companies we cover in diversified support services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

32 diversified support services companies
Measure Company Peer median Rank
Revenue growth Growth -2.5% 6.5% 29 of 32
Change in growth rate Growth +1.6pp +0.8pp 14 of 32
Gross margin Profitability 50.5% 26.4% 4 of 22
Operating margin Profitability 6.5% 4.5% 13 of 29
Net margin Profitability -3.0% 3.3% 22 of 32
Free-cash-flow margin Cash generation 29.7% 4.1% 1 of 31
Stock pay as % of revenue Cash generation 1.6% 1.4% 15 of 26
Long-term debt as % of assets Balance sheet 59.0% 33.7% 16 of 18
Change in share count Balance sheet -3.1% -0.1% 9 of 28
Days sales outstanding Balance sheet 67 days 60 days 20 of 26

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Leasing and Services $2.1B 92.1% ▼ 5.4%
Leasing Revenue $1.7B 81.8% ▼ 4.9%
Delivery and Installation $389M 18.2% ▼ 7.2%
New Units $77.9M 3.4% ▲ 4.6%
Rental Units $65.6M 2.8% ▲ 5.0%
Value Added Services $38.6M 1.7% ▲ 9.7%
Geography
Region Revenue Share YoY
United States $2.1B 93.9% ▼ 4.5%
Canada $118M 5.2% ▼ 5.7%
Mexico $21.3M 0.9% ▼ 21.1%

From Willscot Holdings Corp's 10-K filed February 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$6.1B
Institutions reporting
367
Shares held vs prior quarter
▼ 2.1%
Positions opened / closed
77 / 46

Top buyers and sellers, Q2 2026: 191 institutions bought and 176 sold ; the biggest buyer was Fuller & Thaler Asset Management, Inc (+2.9M shares) and the biggest seller Turtle Creek Asset Management Inc (−3.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $784M 27.1M 12.8% ▲ 0.2%
Blackrock, Inc. $610M 21.1M 9.9% ▼ 1.5%
Vanguard Portfolio Management LLC $266M 9.2M 4.3% ▼ 0.4%
Jpmorgan Chase & Co $241M 8.4M 3.9% ▼ 17.4%
Vanguard Capital Management LLC $227M 7.9M 3.7% ▼ 0.3%
State Street Corp $174M 6.0M 2.8% ▲ 2.5%
T. Rowe Price Investment Management, Inc. $162M 5.6M 2.6% ▼ 17.7%
Capital International Investors $142M 4.9M 2.3% ▲ 0.2%
Samlyn Capital, LLC $134M 4.7M 2.2% ▼ 0.1%
Clearbridge Investments, LLC $133M 4.6M 2.2% ▲ 13.8%
Turtle Creek Asset Management Inc. $128M 4.4M 2.1% ▼ 43.8%
Coliseum Capital Management, LLC $126M 4.4M 2.0% ▼ 30.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Willscot Holdings Corp's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $4.2M 3 trades by 1 insider · 0% under pre-set plans
Net ▼ $4.2M net selling
Insider Date Trade Shares Price Value
Soultz Bradley Lee Director May 13, 2026 Sell 4,317 $25.92 $111,897
Soultz Bradley Lee Director May 12, 2026 Sell 65,043 $27.07 $1.8M
Soultz Bradley Lee Director May 12, 2026 Sell 86,421 $26.99 $2.3M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 5 trades and filings

No trades in Willscot Holdings Corp disclosed in the last 12 months; 5 earlier trades on record.

  • Robert P. Bresnahan, Jr.(R-PA 8):Sale (full), $1,001 - $15,000, traded January 13, 2025, filed February 13, 2025
  • Josh Gottheimer(D-NJ 5):Sale (full), $1,001 - $15,000, traded February 22, 2021, filed March 10, 2021
  • Josh Gottheimer(D-NJ 5):Sale (partial), $1,001 - $15,000, traded February 8, 2021, filed March 10, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 19, 2026
  • November 6, 2025
  • July 31, 2025
  • May 1, 2025

Recent SEC filings

Data status

When each part of this page on Willscot Holdings Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Willscot Holdings Corp in brief

What does Willscot Holdings Corp do?
Willscot Holdings Corp is a US-listed company in the diversified support services industry. Its financial year ends in December.
What is Willscot Holdings Corp's stock ticker?
Willscot Holdings Corp trades under the ticker WSC on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Willscot Holdings Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Willscot Holdings Corp reported revenue of $2.3B, 2.5% lower than a year earlier, according to its SEC filings.
What is Willscot Holdings Corp's free cash flow?
Willscot Holdings Corp's free-cash-flow margin is 29.7% of revenue over the trailing twelve months, ranking 1 of the 31 diversified support services companies we cover.
Who are Willscot Holdings Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Blackrock, Inc. and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Willscot Holdings Corp buying back stock, and does it pay a dividend?
Willscot Holdings Corp spent $33.9M on share repurchases over the trailing twelve months, and its diluted share count fell 3.1% over the year.
What is Willscot Holdings Corp's market cap?
On November 2, 2026, Willscot Holdings Corp's market capitalisation was about $3.5B and net debt of $3.5B. Market figures come from third-party market data and may be delayed.
Does Willscot Holdings Corp pay a dividend?
Yes: Willscot Holdings Corp paid $50.9M in dividends over the trailing twelve months, a dividend yield of 1.46%.
How much debt does Willscot Holdings Corp have?
Willscot Holdings Corp's debt-to-equity ratio is 380.1%, from its latest balance sheet (133.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Willscot Holdings Corp's competitors?
In our Diversified Support Services peer group, the companies closest to Willscot Holdings Corp are Corecivic, Inc., Unifirst Corp, Openlane, Inc., Vestis Corp and Healthcare Services Group Inc. The side-by-side comparison below sets their revenue, margins and growth against Willscot Holdings Corp's.
Are insiders buying or selling Willscot Holdings Corp stock?
Over the last 12 months, Willscot Holdings Corp's directors and officers reported 0 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is Willscot Holdings Corp's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Willscot Holdings Corp announces its own schedule.