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WillScot (WSC) Financials

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$22.53 +0.39 (+1.76%)
Closing price 04:00 PM Eastern
Extended Trading
$22.53 +0.00 (+0.00%)
As of 04:59 PM Eastern
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Annual Income Statements for WillScot

Annual Income Statements for WillScot

This table shows WillScot's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -72 -62 -148 -25 -121 74 160 340 476 28 -53
Consolidated Net Income / (Loss)		 -72 -31 -150 -30 -121 -647 160 340 476 28 -53
Net Income / (Loss) Continuing Operations		 -69 -63 -164 -30 -121 60 115 276 342 28 -53
Total Pre-Tax Income 		-103 -88 -165 -68 -123 3.53 151 365 468 37 -55
Total Operating Income		 -21 -3.19 -58 6.26 118 162 300 511 673 264 181
Total Gross Profit		 163 168 166 289 413 608 845 1,135 1,334 1,302 1,164
Total Revenue		 453 284 446 751 1,064 337 1,673 2,143 2,365 2,396 2,281
Operating Revenue		 453 284 446 751 1,064 337 1,673 2,143 2,365 2,396 2,281
Total Cost of Revenue		 290 144 280 462 650 450 828 1,007 1,031 1,094 1,118
Operating Cost of Revenue		 290 144 280 462 650 450 828 1,007 1,031 1,094 1,118
Total Operating Expenses		 184 171 224 283 296 447 544 624 660 1,038 982
Selling, General & Admin Expense		 139 139 162 235 271 338 480 567 596 631 582
Depreciation Expense		 23 9.02 8.65 13 12 35 62 62 73 83 96
Other Operating Expenses / (Income)		 12 15 -10 -2.12 -2.89 -1.98 2.14 -5.79 -8.60 183 2.14
Impairment Charge		 0.00 5.53 61 1.60 12 4.88 - 0.00 0.00 133 0.00
Restructuring Charge		 9.19 2.81 2.20 36 3.76 70 - -0.09 0.00 8.56 302
Total Other Income / (Expense), net		 -82 -84 -107 -75 -241 -158 -149 -146 -205 -227 -237
Interest Expense		 92 95 119 98 131 162 122 - 0.00 0.00 5.36
Interest & Investment Income		 9.78 10 12 - - - - -146 -205 -227 -232
Income Tax Expense		 -34 -25 -0.94 -39 -2.19 -56 37 89 127 8.48 -2.43
Net Income / (Loss) Discontinued Operations		 -2.63 32 15 - - 16 45 63 135 0.00 0.00
Basic Earnings per Share		 ($4.92) ($2.13) ($7.47) ($0.29) ($1.11) $0.44 $0.71 $1.57 $2.40 $0.15 ($0.29)
Weighted Average Basic Shares Outstanding		 14.55M 14.55M 19.76M 87.21M 108.68M 169.23M 226.52M 216.81M 198.55M 188.10M 182.39M
Diluted Earnings per Share		 ($4.92) ($2.13) ($7.47) ($0.53) ($1.11) $0.25 $0.69 $1.53 $2.36 $0.15 ($0.29)
Weighted Average Diluted Shares Outstanding		 14.55M 14.55M 19.76M 88.95M 108.68M 177.27M 232.79M 221.40M 201.85M 190.29M 182.39M
Weighted Average Basic & Diluted Shares Outstanding		 14.55M 14.55M 19.76M 87.21M 108.68M 229.05M 223.28M 205.79M 189.97M 183.58M 180.85M

Quarterly Income Statements for WillScot

This table shows WillScot's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 86 56 -47 -70 89 43 48 43 -187 28 47
Consolidated Net Income / (Loss)		 86 56 -47 -70 89 43 48 43 -187 28 47
Net Income / (Loss) Continuing Operations		 86 56 -47 -70 89 43 48 43 -187 28 47
Total Pre-Tax Income 		118 73 -61 -91 115 61 68 60 -245 43 64
Total Operating Income		 177 130 -5.23 -35 174 119 127 119 -184 97 117
Total Gross Profit		 343 317 327 321 336 300 296 282 286 286 306
Total Revenue		 612 587 605 601 603 560 589 567 566 549 612
Operating Revenue		 612 587 605 601 603 560 589 567 566 549 612
Total Cost of Revenue		 269 270 277 280 266 259 293 285 280 263 306
Operating Cost of Revenue		 269 270 277 280 266 259 293 285 280 263 306
Total Operating Expenses		 166 187 332 357 162 181 169 163 469 189 189
Selling, General & Admin Expense		 146 168 181 153 138 157 145 138 142 154 160
Depreciation Expense		 21 18 18 23 24 23 24 24 24 24 23
Other Operating Expenses / (Income)		 -0.95 0.71 0.88 180 1.45 0.65 -0.04 0.69 0.85 0.09 0.05
Restructuring Charge		 - - - - - 0.38 0.01 - - 11 5.45
Total Other Income / (Expense), net		 -59 -57 -56 -56 -59 -58 -59 -58 -61 -54 -53
Interest & Investment Income		 - -57 -56 -56 - -58 -59 -58 -56 -54 -53
Income Tax Expense		 32 17 -14 -21 26 18 20 17 -57 15 17
Basic Earnings per Share		 $0.47 $0.30 ($0.25) ($0.37) $0.47 $0.23 $0.26 $0.24 ($1.02) $0.16 $0.26
Weighted Average Basic Shares Outstanding		 198.55M 190.14M 189.68M 188.28M 188.10M 183.68M 182.47M 182.00M 182.39M 180.99M 181.01M
Diluted Earnings per Share		 $0.47 $0.29 ($0.25) ($0.37) $0.48 $0.23 $0.26 $0.24 ($1.02) $0.15 $0.26
Weighted Average Diluted Shares Outstanding		 201.85M 193.07M 189.68M 188.28M 190.29M 185.30M 183.44M 182.77M 182.39M 181.46M 181.81M
Weighted Average Basic & Diluted Shares Outstanding		 189.97M 190.18M 188.49M 184.76M 183.58M 182.39M 182.08M 181.95M 180.85M 180.99M 181.19M

Annual Cash Flow Statements for WillScot

This table details how cash moves in and out of WillScot's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 3.02 -3.14 3.02 -0.23 -5.91 22 -12 5.08 -6.82 -1.96 5.59
Net Cash From Operating Activities		 120 59 -1.36 37 173 305 540 745 761 562 762
Net Cash From Continuing Operating Activities		 120 59 -1.36 37 173 305 540 745 761 562 762
Net Income / (Loss) Continuing Operations		 -72 -31 -150 -30 -121 75 160 340 476 28 -53
Consolidated Net Income / (Loss)		 -72 -31 -150 -30 -121 75 160 340 476 28 -53
Depreciation Expense		 137 119 108 136 189 247 318 344 339 385 430
Amortization Expense		 11 11 22 7.65 11 13 14 12 11 13 12
Non-Cash Adjustments To Reconcile Net Income		 123 4.53 29 -22 134 68 71 2.63 -115 201 380
Changes in Operating Assets and Liabilities, net		 -79 -45 -11 -55 -41 -98 -24 47 50 -65 -6.90
Net Cash From Investing Activities		 -193 -30 -393 -1,217 -153 -125 -384 -309 -350 -362 -417
Net Cash From Continuing Investing Activities		 -193 -30 -393 -1,217 -153 -125 -384 -309 -350 -362 -417
Purchase of Property, Plant & Equipment		 -184 -71 -116 -166 -213 -189 -309 -487 -249 -299 -342
Acquisitions		 0.00 0.00 -237 -1,083 0.00 17 -147 -221 -562 -121 -145
Purchase of Investments		 -25 -35 -70 - - - - 0.00 0.00 -7.70 -0.81
Sale of Property, Plant & Equipment		 0.81 2.37 0.39 0.69 19 7.36 17 1.78 13 1.87 2.94
Divestitures		 - - - - - 0.00 0.00 326 404 0.00 0.00
Sale and/or Maturity of Investments		 0.00 48 2.15 - - - - - 0.00 0.00 1.24
Other Investing Activities, net		 16 27 28 31 42 39 55 71 44 64 66
Net Cash From Financing Activities		 77 -31 397 1,180 -26 -159 -168 -429 -419 -200 -341
Net Cash From Continuing Financing Activities		 77 -31 397 1,180 -26 -159 -168 -429 -419 -200 -341
Repayment of Debt		 -154 -203 -1,412 -180 -578 -2,917 -516 -597 -1,482 -1,204 -1,348
Repurchase of Common Equity		 - - - 0.00 0.00 -26 -364 -752 -818 -278 -100
Payment of Dividends		 - - - - - - - - 0.00 0.00 -51
Issuance of Debt		 8.24 20 75 1,213 552 2,787 729 964 1,911 1,317 1,186
Issuance of Common Equity		 0.00 0.00 578 147 0.92 11 7.48 11 0.50 0.25 10
Other Financing Activities, net		 223 152 1,156 0.00 -0.75 -13 -25 -56 -31 -35 -37
Effect of Exchange Rate Changes		 -0.44 -0.24 0.20 -0.21 0.17 1.40 -0.21 -0.88 0.88 -1.13 1.60
Cash Interest Paid		 74 82 116 52 119 119 104 130 185 216 217
Cash Income Taxes Paid		 -1.55 -1.41 -1.39 2.62 -1.15 4.23 9.86 25 33 46 16

Quarterly Cash Flow Statements for WillScot

This table details how cash moves in and out of WillScot's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 5.17 2.19 -7.22 5.12 -2.05 1.68 2.17 1.91 -0.17 0.96 2.62
Net Cash From Operating Activities		 219 209 176 -1.56 179 207 205 191 159 191 162
Net Cash From Continuing Operating Activities		 216 209 176 -1.56 179 207 205 191 159 191 162
Net Income / (Loss) Continuing Operations		 86 56 -47 -70 89 43 48 43 -187 28 47
Consolidated Net Income / (Loss)		 86 56 -47 -70 89 43 48 43 -187 28 47
Depreciation Expense		 96 93 94 99 99 97 113 108 112 92 95
Amortization Expense		 2.93 2.95 2.97 3.28 3.38 4.03 2.94 3.04 2.26 2.09 2.11
Non-Cash Adjustments To Reconcile Net Income		 13 16 147 25 15 16 8.11 22 334 20 30
Changes in Operating Assets and Liabilities, net		 18 40 -21 -59 -27 46 34 15 -102 49 -12
Net Cash From Investing Activities		 -132 -111 -82 -75 -94 -65 -208 -77 -68 -85 -113
Net Cash From Continuing Investing Activities		 -132 -111 -82 -75 -94 -65 -208 -77 -68 -85 -113
Purchase of Property, Plant & Equipment		 -66 -79 -71 -73 -76 -77 -92 -85 -88 -106 -127
Acquisitions		 -79 -43 -27 -14 -37 -3.06 -134 -7.57 -0.31 0.00 -1.54
Purchase of Investments		 - -2.79 -0.45 -2.89 -1.56 -0.06 -0.01 -0.55 -0.19 -0.06 -1.12
Sale of Property, Plant & Equipment		 0.01 0.00 0.22 0.92 0.73 1.29 0.30 0.61 0.74 1.63 1.30
Sale and/or Maturity of Investments		 - - - - - 0.00 - 0.49 0.15 0.20 0.98
Other Investing Activities, net		 13 14 16 13 20 14 16 16 20 19 14
Net Cash From Financing Activities		 -82 -96 -100 82 -87 -140 3.99 -113 -92 -105 -46
Net Cash From Continuing Financing Activities		 -82 -96 -100 82 -87 -140 3.99 -113 -92 -105 -46
Repayment of Debt		 -197 -200 -675 -178 -150 -709 -179 -202 -258 -192 -190
Payment of Dividends		 - 0.00 - - - -13 -13 -13 -13 -13 -13
Issuance of Debt		 260 124 659 319 216 615 245 117 208 116 163
Issuance of Common Equity		 0.05 0.07 0.05 - 0.13 2.23 7.81 - 0.23 0.00 0.14
Other Financing Activities, net		 -4.09 -19 -4.74 -6.68 -4.61 -13 -5.75 -6.54 -12 -9.01 -7.23
Effect of Exchange Rate Changes		 0.18 0.10 -0.43 -0.41 -0.40 -0.07 1.02 0.22 0.43 -0.58 -0.36
Cash Interest Paid		 50 43 66 32 74 44 59 36 77 33 71
Cash Income Taxes Paid		 10 0.95 35 6.63 2.89 4.54 6.27 3.72 1.78 1.04 4.24

Annual Balance Sheets for WillScot

This table presents WillScot's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 501 1,699 1,411 2,752 2,898 5,572 5,774 5,828 6,138 6,035 5,816
Total Current Assets		 1.01 138 128 256 293 422 483 521 569 558 525
Cash & Equivalents		 1.01 2.35 9.19 8.96 3.05 25 6.39 7.39 11 9.00 15
Accounts Receivable		 - 71 95 207 248 331 351 410 451 430 395
Inventories, net		 - 8.94 10 16 15 24 30 41 47 47 46
Prepaid Expenses		 0.00 40 14 22 15 30 35 32 57 47 28
Other Current Assets		 - - 0.00 2.84 12 12 61 31 2.11 23 42
Plant, Property, & Equipment, net		 0.00 899 1,124 0.00 0.00 2,932 2,778 3,077 3,381 3,378 3,093
Total Noncurrent Assets		 500 663 159 2,496 2,605 2,219 2,513 2,229 2,188 2,099 2,198
Goodwill		 - 57 29 247 235 1,171 1,014 1,011 1,177 1,201 1,258
Intangible Assets		 - 125 126 132 127 496 443 419 420 251 224
Other Noncurrent Operating Assets		 500 1.95 4.28 2,117 2,243 552 485 531 591 647 716
Total Liabilities & Shareholders' Equity		 501 1,699 1,411 2,752 2,898 5,572 5,774 5,828 6,138 6,035 5,816
Total Liabilities		 20 1,676 926 2,050 2,342 3,508 3,777 4,262 4,877 5,016 4,960
Total Current Liabilities		 0.13 173 156 269 320 449 518 562 562 585 611
Short-Term Debt		 - 1.89 1.88 1.96 0.00 17 12 13 19 25 31
Accounts Payable		 0.13 33 57 90 110 107 103 109 86 97 110
Accrued Expenses		 - 45 49 85 98 91 107 110 130 122 126
Current Deferred Revenue		 - 30 45 72 83 135 152 204 225 251 237
Current Employee Benefit Liabilities		 - - - - - 50 50 56 46 25 36
Other Current Liabilities		 - - - 0.00 29 48 94 50 57 66 71
Total Noncurrent Liabilities		 20 1,504 770 1,781 2,022 3,060 3,259 3,700 4,315 4,431 4,349
Long-Term Debt		 - 1,333 625 1,675 1,633 2,454 2,672 3,063 3,539 3,684 3,557
Noncurrent Deferred & Payable Income Tax Liabilities		 - 118 121 67 71 308 306 401 554 506 492
Other Noncurrent Operating Liabilities		 - 11 19 32 200 298 185 188 222 242 299
Total Equity & Noncontrolling Interests		 5.00 23 485 702 555 2,064 1,997 1,565 1,261 1,019 856
Total Preferred & Common Equity		 5.00 23 436 638 491 2,064 1,997 1,565 1,261 1,019 856
Preferred Stock		 0.00 - - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 5.00 23 436 638 491 2,064 1,997 1,565 1,261 1,019 856
Common Stock		 5.02 1,569 2,122 2,390 2,379 3,852 3,617 2,887 2,089 1,836 1,726
Retained Earnings		 -0.02 -1,489 -1,637 -1,683 -1,825 -1,751 -1,591 -1,252 -775 -747 -800
Accumulated Other Comprehensive Income / (Loss)		 - -57 -49 -68 -63 -37 -29 -70 -53 -71 -69

Quarterly Balance Sheets for WillScot

This table presents WillScot's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 5,610 5,719 6,075 6,180 6,049 6,037 5,962 6,105 6,105 5,811 5,866
Total Current Assets		 525 545 569 575 576 578 518 530 520 530 557
Cash & Equivalents		 16 7.66 5.79 13 5.92 11 11 13 15 16 18
Accounts Receivable		 415 442 469 451 442 446 401 414 404 397 422
Inventories, net		 42 44 45 48 50 53 48 47 43 46 49
Prepaid Expenses		 43 43 48 62 74 65 58 55 57 21 16
Other Current Assets		 8.92 8.92 0.95 2.11 4.39 4.08 1.95 1.95 1.16 50 52
Plant, Property, & Equipment, net		 3,128 3,197 3,347 3,400 3,403 3,401 3,367 3,425 3,412 3,103 3,139
Total Noncurrent Assets		 1,957 1,977 2,159 2,205 2,070 2,058 2,076 2,150 2,172 2,177 2,169
Goodwill		 1,012 1,012 1,158 1,176 1,176 1,177 1,202 1,257 1,257 1,257 1,257
Intangible Assets		 413 407 401 412 272 261 240 247 235 213 203
Other Noncurrent Operating Assets		 532 557 600 617 622 620 635 646 680 707 710
Total Liabilities & Shareholders' Equity		 5,610 5,719 6,075 6,180 6,049 6,037 5,962 6,105 6,105 5,811 5,866
Total Liabilities		 4,046 4,280 4,763 4,860 4,847 4,983 4,950 5,070 5,045 4,940 4,955
Total Current Liabilities		 506 534 547 596 632 639 621 656 660 670 687
Short-Term Debt		 14 14 16 19 21 23 25 27 27 32 33
Accounts Payable		 92 92 92 100 119 108 94 116 109 142 152
Accrued Expenses		 121 120 123 162 150 168 169 162 171 151 134
Current Deferred Revenue		 199 210 227 227 234 250 241 240 248 245 251
Current Employee Benefit Liabilities		 29 44 32 26 44 25 26 43 33 30 48
Other Current Liabilities		 51 54 57 62 64 66 67 68 71 70 69
Total Noncurrent Liabilities		 3,540 3,746 4,216 4,264 4,216 4,344 4,329 4,414 4,385 4,270 4,268
Long-Term Debt		 2,876 3,036 3,460 3,466 3,459 3,608 3,597 3,673 3,590 3,482 3,462
Noncurrent Deferred & Payable Income Tax Liabilities		 465 506 535 566 525 492 496 500 527 502 517
Other Noncurrent Operating Liabilities		 199 204 220 233 231 244 236 242 268 286 290
Total Equity & Noncontrolling Interests		 1,564 1,439 1,313 1,320 1,201 1,054 1,011 1,035 1,060 871 911
Total Preferred & Common Equity		 1,564 1,439 1,313 1,320 1,201 1,054 1,011 1,035 1,060 871 911
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,564 1,439 1,313 1,320 1,201 1,054 1,011 1,035 1,060 871 911
Common Stock		 2,667 2,436 2,218 2,084 2,014 1,960 1,794 1,757 1,745 1,711 1,706
Retained Earnings		 -1,041 -953 -861 -719 -766 -836 -704 -656 -613 -772 -725
Accumulated Other Comprehensive Income / (Loss)		 -63 -44 -44 -45 -47 -70 -79 -66 -73 -69 -71

Annual Metrics And Ratios for WillScot

This table displays calculated financial ratios and metrics derived from WillScot's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% -37.45% 57.27% 68.50% 41.56% -68.36% 397.12% 28.07% 10.37% 1.31% -4.77%
EBITDA Growth		 0.00% 0.10% -43.77% 143.85% 19.85% 103.69% 42.50% 43.07% 18.02% -35.36% -5.70%
EBIT Growth		 0.00% 84.64% -1,728.28% 151.59% -73.74% 1,991.02% 65.67% 86.82% 31.67% -60.81% -31.25%
NOPAT Growth		 0.00% 84.64% -1,728.28% 110.74% 1,777.10% 3,216.15% -91.65% 69.81% 26.99% -58.73% -37.37%
Net Income Growth		 0.00% 56.79% -384.26% 80.15% -307.39% -433.78% 124.76% 112.02% 40.32% -94.10% -288.38%
EPS Growth		 0.00% 56.71% -250.70% 92.91% -109.43% 122.52% 176.00% 121.74% 54.25% -93.64% -293.33%
Operating Cash Flow Growth		 0.00% -51.00% -102.32% 2,827.53% 364.52% 76.64% 77.13% 37.92% 2.23% -26.22% 35.67%
Free Cash Flow Firm Growth		 0.00% 0.00% 110.32% -1,767.54% 113.20% 208.76% 3.06% -71.55% -23.58% 150.20% 41.73%
Invested Capital Growth		 0.00% 154.43% -9.62% 116.32% -3.63% 95.79% -6.88% 5.57% 8.45% -1.87% -6.10%
Revenue Q/Q Growth		 0.00% 0.00% -26.79% 39.72% -5.00% -72.14% 121.88% 14.12% 0.93% -0.41% -1.58%
EBITDA Q/Q Growth		 0.00% 0.00% 277.01% 169.32% -22.48% 16.54% 7.53% 14.58% 1.61% 0.16% -35.68%
EBIT Q/Q Growth		 0.00% 0.00% -407.78% 143.39% -89.21% 25.73% 14.84% 26.80% 0.89% -1.03% -66.37%
NOPAT Q/Q Growth		 0.00% 0.00% -407.78% 109.03% 60.47% 2,865.15% 21.37% 24.78% -0.93% 19.27% -67.95%
Net Income Q/Q Growth		 0.00% 0.00% -169.19% 82.33% -1,568.25% -2,113.31% 125.33% 3.72% -0.02% 11.44% -123.70%
EPS Q/Q Growth		 0.00% 0.00% -96.06% 0.00% 0.00% 121.74% -16.87% 4.79% 3.06% 7.14% -123.97%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -101.29% 213.66% 43.04% 22.62% 3.47% 7.60% 2.55% -6.71% -2.56%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 34.63% 372.90% 124.76% 132.61% -40.52% -64.35% 4.91% 1.80%
Invested Capital Q/Q Growth		 0.00% 0.00% 130.52% 0.00% -4.26% -2.09% -7.96% -3.94% 0.52% 0.94% -5.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 35.94% 59.32% 37.13% 38.51% 38.86% 180.79% 50.49% 53.00% 56.41% 54.34% 51.00%
EBITDA Margin		 28.00% 44.81% 16.02% 23.18% 19.63% 126.37% 36.22% 40.47% 43.27% 27.61% 27.34%
Operating Margin		 -4.58% -1.13% -13.08% 0.83% 11.05% 48.08% 17.95% 23.87% 28.48% 11.02% 7.95%
EBIT Margin		 -4.58% -1.13% -13.08% 4.00% 0.74% 49.10% 16.36% 23.87% 28.48% 11.02% 7.95%
Profit (Net Income) Margin		 -15.79% -10.91% -33.59% -3.96% -11.39% -192.18% 9.57% 15.85% 20.15% 1.17% -2.32%
Tax Burden Percent		 69.49% 35.30% 90.58% 43.52% 98.22% -18,306.00% 105.76% 92.97% 101.72% 76.85% 95.61%
Interest Burden Percent		 495.97% 2,747.12% 283.59% -227.12% -1,560.88% 2.14% 55.31% 71.40% 69.55% 13.87% -30.54%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% -1,586.19% 24.12% 24.33% 27.02% 23.15% 0.00%
Return on Invested Capital (ROIC)		 -3.03% -0.26% -3.51% 0.25% 3.51% 80.09% 5.23% 8.97% 10.64% 4.26% 2.78%
ROIC Less NNEP Spread (ROIC-NNEP)		 5,657.14% -5.05% -15.49% -2.71% -8.34% -80.87% 2.32% 7.09% 10.17% -0.56% -2.17%
Return on Net Nonoperating Assets (RNNOA)		 -11.84% -12.00% -55.51% -5.26% -22.78% -129.48% 2.65% 10.10% 23.08% -1.79% -8.43%
Return on Equity (ROE)		 -14.87% -12.26% -59.02% -5.01% -19.27% -49.39% 7.89% 19.06% 33.71% 2.47% -5.65%
Cash Return on Invested Capital (CROIC)		 0.00% -87.41% 6.60% -73.30% 7.21% 15.33% 12.36% 3.55% 2.53% 6.15% 9.07%
Operating Return on Assets (OROA)		 -4.15% -0.29% -3.75% 1.45% 0.28% 3.90% 4.83% 8.82% 11.26% 4.34% 3.06%
Return on Assets (ROA)		 -14.29% -2.81% -9.63% -1.43% -4.29% -15.27% 2.82% 5.85% 7.96% 0.46% -0.89%
Return on Common Equity (ROCE)		 -0.15% -0.68% -53.33% -4.54% -17.30% -48.17% 7.89% 19.06% 33.71% 2.47% -5.65%
Return on Equity Simple (ROE_SIMPLE)		 -1,431.74% -133.74% -34.39% -4.66% -24.70% -31.34% 8.02% 21.69% 37.78% 2.76% 0.00%
Net Operating Profit after Tax (NOPAT)		 -15 -2.23 -41 4.38 82 2,728 228 387 491 203 127
NOPAT Margin		 -3.21% -0.79% -9.15% 0.58% 7.73% 810.65% 13.62% 18.06% 20.78% 8.47% 5.57%
Net Nonoperating Expense Percent (NNEP)		 -5,660.17% 4.79% 11.98% 2.96% 11.84% 160.96% 2.92% 1.87% 0.47% 4.82% 4.95%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 8.34% 10.20% 4.29% 2.86%
Cost of Revenue to Revenue		 64.06% 50.96% 62.87% 61.49% 61.14% 133.78% 49.51% 47.01% 43.59% 45.66% 49.00%
SG&A Expenses to Revenue		 30.74% 49.05% 36.41% 31.25% 25.48% 100.55% 28.72% 26.49% 25.21% 26.33% 25.50%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 40.52% 60.44% 50.21% 37.68% 27.81% 132.72% 32.54% 29.12% 27.93% 43.32% 43.05%
Earnings before Interest and Taxes (EBIT)		 -21 -3.19 -58 30 7.90 165 274 511 673 264 181
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 127 127 71 174 209 425 606 867 1,023 661 624
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 119.50 26.88 1.81 1.60 4.40 2.56 4.56 6.03 6.76 6.07 4.00
Price to Tangible Book Value (P/TBV)		 119.50 0.00 2.81 3.93 16.76 13.32 16.87 70.02 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.32 2.19 1.77 1.36 2.03 15.70 5.45 4.40 3.61 2.58 1.50
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 71.29 56.91 27.79 17.90 219.71 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.49%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 1.40% 1.76% 3.60% 5.59% 0.46% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.23 1.60 1.32 1.15 1.72 1.71 2.81 2.82 2.51 2.09 1.58
Enterprise Value to Revenue (EV/Rev)		 2.37 6.89 3.27 3.66 3.73 22.97 7.05 5.84 5.11 4.12 3.07
Enterprise Value to EBITDA (EV/EBITDA)		 8.45 15.38 20.39 15.80 19.02 18.18 19.46 14.42 11.80 14.94 11.22
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 91.45 502.56 46.78 43.07 24.45 17.93 37.43 38.58
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 627.92 48.28 2.83 51.73 32.31 24.57 48.71 55.11
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.95 33.28 0.00 74.08 23.02 25.36 21.84 16.79 15.86 17.59 9.19
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 18.96 0.00 23.49 14.81 21.92 81.68 103.20 33.75 16.87
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 57.71 1.29 2.39 3.15 1.20 1.34 1.97 2.82 3.64 4.19
Long-Term Debt to Equity		 0.00 57.63 1.29 2.38 3.15 1.19 1.34 1.96 2.81 3.62 4.15
Financial Leverage		 0.00 2.37 3.58 1.94 2.73 1.60 1.14 1.42 2.27 3.18 3.88
Leverage Ratio		 1.04 4.36 6.13 3.51 4.49 3.23 2.79 3.26 4.23 5.34 6.32
Compound Leverage Factor		 5.16 119.80 17.37 -7.97 -70.14 0.07 1.55 2.33 2.94 0.74 -1.93
Debt to Total Capital		 0.00% 98.30% 56.40% 70.48% 75.93% 54.48% 57.34% 66.28% 73.83% 78.45% 80.73%
Short-Term Debt to Total Capital		 0.00% 0.14% 0.17% 0.08% 0.00% 0.36% 0.26% 0.29% 0.39% 0.52% 0.70%
Long-Term Debt to Total Capital		 0.00% 98.16% 56.23% 70.40% 75.93% 54.12% 57.08% 65.99% 73.44% 77.93% 80.03%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 98.96% 0.00% 4.40% 2.69% 2.80% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 1.04% 1.70% 39.20% 26.83% 21.27% 45.52% 42.66% 33.72% 26.17% 21.55% 19.27%
Debt to EBITDA		 0.00 10.51 8.77 9.62 8.39 5.81 4.43 3.55 3.48 5.61 5.75
Net Debt to EBITDA		 0.00 10.49 8.64 9.57 8.37 5.75 4.42 3.54 3.47 5.59 5.73
Long-Term Debt to EBITDA		 0.00 10.49 8.75 9.61 8.39 5.77 4.41 3.53 3.46 5.57 5.70
Debt to NOPAT		 0.00 -597.77 -15.35 382.53 21.28 0.91 11.78 7.95 7.24 18.28 28.25
Net Debt to NOPAT		 0.00 -596.72 -15.13 380.48 21.25 0.90 11.75 7.93 7.22 18.24 28.13
Long-Term Debt to NOPAT		 0.00 -596.93 -15.31 382.08 21.28 0.90 11.72 7.91 7.20 18.16 28.00
Altman Z-Score		 19.03 -0.87 -0.96 -0.25 0.04 0.62 1.50 1.68 1.62 1.10 0.70
Noncontrolling Interest Sharing Ratio		 98.96% 94.43% 9.64% 9.51% 10.23% 2.47% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 7.55 0.80 0.82 0.95 0.91 0.94 0.93 0.93 1.01 0.95 0.86
Quick Ratio		 7.55 0.43 0.67 0.80 0.78 0.79 0.69 0.74 0.82 0.75 0.67
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -744 77 -1,281 169 522 538 153 117 293 415
Operating Cash Flow to CapEx		 65.28% 85.04% -1.18% 22.54% 88.64% 167.96% 184.84% 153.53% 322.64% 188.84% 224.73%
Free Cash Flow to Firm to Interest Expense		 0.00 -7.86 0.64 -13.01 1.29 3.23 4.40 0.00 0.00 0.00 77.34
Operating Cash Flow to Interest Expense		 1.30 0.62 -0.01 0.38 1.31 1.88 4.41 0.00 0.00 0.00 142.06
Operating Cash Flow Less CapEx to Interest Expense		 -0.69 -0.11 -0.98 -1.30 -0.17 0.76 2.03 0.00 0.00 0.00 78.84
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.90 0.26 0.29 0.36 0.38 0.08 0.29 0.37 0.40 0.39 0.39
Accounts Receivable Turnover		 0.00 0.00 5.36 4.99 4.68 1.16 4.90 5.63 5.49 5.44 5.53
Inventory Turnover		 0.00 0.00 29.48 35.14 41.16 23.02 30.95 28.44 23.31 23.06 24.03
Fixed Asset Turnover		 0.00 0.00 0.44 0.00 0.00 0.00 0.59 0.73 0.73 0.71 0.71
Accounts Payable Turnover		 2,175.90 8.70 6.22 6.27 6.49 4.15 7.91 9.51 10.55 11.97 10.83
Days Sales Outstanding (DSO)		 0.00 0.00 68.04 73.18 77.91 313.74 74.42 64.82 66.44 67.15 66.00
Days Inventory Outstanding (DIO)		 0.00 0.00 12.38 10.39 8.87 15.86 11.79 12.83 15.66 15.83 15.19
Days Payable Outstanding (DPO)		 0.17 41.95 58.67 58.22 56.20 87.91 46.16 38.40 34.60 30.48 33.71
Cash Conversion Cycle (CCC)		 -0.17 -41.95 21.75 25.35 30.58 241.69 40.06 39.26 47.49 52.50 47.48
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 480 1,222 1,105 2,390 2,303 4,509 4,199 4,433 4,808 4,718 4,430
Invested Capital Turnover		 0.94 0.33 0.38 0.43 0.45 0.10 0.38 0.50 0.51 0.50 0.50
Increase / (Decrease) in Invested Capital		 0.00 742 -118 1,285 -87 2,206 -310 234 374 -90 -288
Enterprise Value (EV)		 1,073 1,954 1,456 2,752 3,972 7,730 11,791 12,505 12,074 9,879 7,000
Market Capitalization		 598 622 790 1,020 2,159 5,285 9,114 9,436 8,528 6,180 3,426
Book Value per Share		 $0.08 $0.37 $7.00 $5.89 $4.20 $9.05 $8.95 $7.49 $6.58 $5.51 $4.71
Tangible Book Value per Share		 $0.08 ($2.54) $4.51 $2.39 $1.10 $1.74 $2.42 $0.65 ($1.75) ($2.35) ($3.44)
Total Capital		 481 1,358 1,111 2,379 2,306 4,534 4,681 4,642 4,819 4,727 4,444
Total Debt		 0.00 1,335 627 1,676 1,751 2,470 2,684 3,076 3,557 3,708 3,588
Total Long-Term Debt		 0.00 1,333 625 1,675 1,751 2,454 2,672 3,063 3,539 3,684 3,557
Net Debt		 -1.01 1,332 618 1,668 1,748 2,445 2,677 3,069 3,546 3,699 3,574
Capital Expenditures (CapEx)		 184 69 116 165 195 181 292 485 236 297 339
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.13 -36 -35 -20 -31 -36 -29 -35 15 -12 -70
Debt-free Net Working Capital (DFNWC)		 0.87 -33 -26 -11 -28 -11 -23 -28 26 -2.90 -55
Net Working Capital (NWC)		 0.87 -35 -28 -13 -28 -27 -35 -41 7.08 -27 -86
Net Nonoperating Expense (NNE)		 57 29 109 34 203 3,375 68 47 15 175 180
Net Nonoperating Obligations (NNO)		 -1.01 1,199 620 1,688 1,748 2,445 2,202 2,868 3,546 3,699 3,574
Total Depreciation and Amortization (D&A)		 148 130 130 144 201 260 332 356 350 398 442
Debt-free, Cash-free Net Working Capital to Revenue		 -0.03% -12.56% -7.90% -2.62% -2.90% -10.55% -1.74% -1.63% 0.63% -0.50% -3.05%
Debt-free Net Working Capital to Revenue		 0.19% -11.73% -5.85% -1.43% -2.62% -3.14% -1.35% -1.29% 1.09% -0.12% -2.41%
Net Working Capital to Revenue		 0.19% -12.40% -6.27% -1.69% -2.62% -8.05% -2.07% -1.91% 0.30% -1.15% -3.77%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.05 ($7.47) ($0.59) ($0.10) $0.00 $0.71 $1.57 $2.40 $0.15 ($0.29)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 14.85M 92.67M 233.07M 118.34M 0.00 226.52M 216.81M 198.55M 188.10M 182.39M
Adjusted Diluted Earnings per Share		 $0.00 $0.01 ($7.47) ($0.59) ($0.10) $0.00 $0.69 $1.53 $2.36 $0.15 ($0.29)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 62.50M 92.67M 233.07M 118.34M 0.00 232.79M 221.40M 201.85M 190.29M 182.39M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 ($7.47) ($0.59) ($0.10) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 62.50M 19.76M 87.21M 108.68M 0.00 223.28M 205.79M 189.97M 183.58M 180.85M
Normalized Net Operating Profit after Tax (NOPAT)		 -8.11 3.61 3.23 30 93 166 228 387 491 311 339
Normalized NOPAT Margin		 -1.79% 1.27% 0.72% 4.04% 8.74% 49.26% 13.62% 18.06% 20.78% 12.99% 14.84%
Pre Tax Income Margin		 -22.73% -30.91% -37.09% -9.10% -11.60% 1.05% 9.05% 17.04% 19.81% 1.53% -2.43%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.23 -0.03 -0.49 0.31 0.06 1.02 2.24 0.00 0.00 0.00 33.83
NOPAT to Interest Expense		 -0.16 -0.02 -0.34 0.04 0.63 16.87 1.86 0.00 0.00 0.00 23.68
EBIT Less CapEx to Interest Expense		 -2.22 -0.76 -1.46 -1.37 -1.42 -0.10 -0.15 0.00 0.00 0.00 -29.38
NOPAT Less CapEx to Interest Expense		 -2.15 -0.75 -1.31 -1.63 -0.86 15.75 -0.52 0.00 0.00 0.00 -39.53
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -96.47%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% -4.02% 227.04% 221.42% 171.72% 989.26% -284.92%

Quarterly Metrics And Ratios for WillScot

This table displays calculated financial ratios and metrics derived from WillScot's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 180,854,438.00 180,994,679.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 180,854,438.00 180,994,679.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.16 0.26
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.70% 3.84% 3.87% -0.56% -1.61% -4.71% -2.56% -5.75% -6.07% -1.95% 3.92%
EBITDA Growth		 6.25% -2.17% -63.57% -74.64% 0.38% -2.29% 165.05% 241.21% -124.99% -13.32% -11.39%
EBIT Growth		 3.48% -14.31% -103.14% -119.77% -1.55% -8.09% 2,525.46% 437.34% -205.31% -19.07% -7.41%
NOPAT Growth		 -3.19% -8.03% -102.99% -118.80% 4.37% -15.33% 2,545.50% 446.08% -195.08% -25.15% -3.74%
Net Income Growth		 -0.08% -73.33% -153.40% -177.01% 3.34% -23.44% 202.32% 161.49% -309.96% -34.68% -2.02%
EPS Growth		 17.50% -71.00% -158.14% -180.43% 2.13% -20.69% 204.00% 164.86% -312.50% -34.78% 0.00%
Operating Cash Flow Growth		 9.43% 40.27% -13.13% -100.82% -18.42% -0.98% 16.91% 12,337.58% -11.19% -7.53% -20.97%
Free Cash Flow Firm Growth		 -144.69% -158.32% -144.98% 329.31% 191.92% 199.61% 122.02% 14.42% -29.25% 25.15% 857.87%
Invested Capital Growth		 8.45% 7.97% 4.36% -2.28% -1.87% -3.52% 0.98% -0.24% -6.10% -5.49% -7.07%
Revenue Q/Q Growth		 1.25% -4.11% 2.96% -0.52% 0.18% -7.13% 5.28% -3.78% -0.15% -3.06% 11.58%
EBITDA Q/Q Growth		 3.82% -18.17% -59.47% -26.35% 310.93% -20.34% 9.94% -5.19% -130.10% 376.32% 12.39%
EBIT Q/Q Growth		 -0.52% -26.66% -104.03% -573.13% 595.26% -31.52% 6.25% -6.38% -254.61% 152.62% 21.55%
NOPAT Q/Q Growth		 -1.19% -23.11% -103.68% -573.13% 648.55% -37.63% 6.18% -4.74% -250.71% 149.10% 36.55%
Net Income Q/Q Growth		 -5.67% -34.85% -183.31% -50.42% 226.59% -51.74% 11.34% -9.61% -532.28% 115.01% 67.03%
EPS Q/Q Growth		 2.17% -38.30% -186.21% -48.00% 229.73% -52.08% 13.04% -7.69% -525.00% 114.71% 73.33%
Operating Cash Flow Q/Q Growth		 14.83% -4.85% -15.85% -100.89% 11,554.48% 15.49% -0.64% -6.90% -16.87% 20.24% -15.07%
Free Cash Flow Firm Q/Q Growth		 -566.08% -3.78% 21.67% 142.35% 167.01% 12.46% -82.68% 120.05% 65.09% 98.94% 32.53%
Invested Capital Q/Q Growth		 0.52% -0.33% -2.42% -0.04% 0.94% -2.01% 2.13% -1.24% -5.00% -1.37% 0.43%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 56.04% 53.97% 54.11% 53.45% 55.82% 53.68% 50.26% 49.68% 50.45% 52.07% 50.03%
EBITDA Margin		 45.04% 38.44% 15.13% 11.20% 45.95% 39.42% 41.16% 40.56% -12.22% 34.85% 35.10%
Operating Margin		 28.93% 22.13% -0.87% -5.86% 28.95% 21.34% 21.54% 20.96% -32.46% 17.62% 19.19%
EBIT Margin		 28.93% 22.13% -0.87% -5.86% 28.95% 21.34% 21.54% 20.96% -32.46% 17.62% 19.19%
Profit (Net Income) Margin		 14.10% 9.58% -7.75% -11.72% 14.81% 7.69% 8.14% 7.64% -33.10% 5.13% 7.67%
Tax Burden Percent		 73.13% 76.67% 77.08% 77.41% 77.53% 70.62% 70.58% 71.81% 76.57% 65.32% 73.38%
Interest Burden Percent		 66.63% 56.45% 1,161.70% 258.51% 65.97% 51.04% 53.52% 50.79% 133.19% 44.54% 54.48%
Effective Tax Rate		 26.87% 23.33% 0.00% 0.00% 22.47% 29.38% 29.42% 28.19% 0.00% 34.68% 26.62%
Return on Invested Capital (ROIC)		 10.83% 8.77% -0.32% -2.09% 11.29% 7.58% 7.61% 7.47% -11.33% 5.81% 7.09%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.48% 7.41% -1.64% -3.38% 10.02% 6.42% 6.45% 6.31% -12.95% 4.83% 6.00%
Return on Net Nonoperating Assets (RNNOA)		 21.51% 16.30% -4.06% -10.12% 31.84% 19.50% 20.66% 21.56% -50.22% 18.24% 22.09%
Return on Equity (ROE)		 32.34% 25.07% -4.38% -12.20% 43.13% 27.08% 28.27% 29.03% -61.56% 24.05% 29.18%
Cash Return on Invested Capital (CROIC)		 2.53% 2.78% 3.43% 5.90% 6.15% 6.91% 4.92% 8.73% 9.07% 8.11% 9.62%
Operating Return on Assets (OROA)		 11.44% 8.96% -0.35% -2.33% 11.39% 8.33% 8.34% 8.00% -12.50% 6.80% 7.36%
Return on Assets (ROA)		 5.57% 3.88% -3.17% -4.65% 5.83% 3.00% 3.15% 2.92% -12.74% 1.98% 2.94%
Return on Common Equity (ROCE)		 32.34% 25.07% -4.38% -12.20% 43.13% 27.08% 28.27% 29.03% -61.56% 24.05% 29.18%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 24.38% 15.59% 2.39% 0.00% 1.48% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 130 100 -3.66 -25 135 84 90 85 -129 63 86
NOPAT Margin		 21.16% 16.97% -0.61% -4.10% 22.44% 15.07% 15.20% 15.05% -22.72% 11.51% 14.08%
Net Nonoperating Expense Percent (NNEP)		 1.35% 1.37% 1.33% 1.29% 1.27% 1.17% 1.16% 1.16% 1.62% 0.98% 1.10%
Return On Investment Capital (ROIC_SIMPLE)		 2.69% - - - 2.86% 1.82% 1.89% 1.82% -2.89% 1.44% 1.96%
Cost of Revenue to Revenue		 43.96% 46.03% 45.89% 46.55% 44.18% 46.32% 49.74% 50.32% 49.55% 47.93% 49.97%
SG&A Expenses to Revenue		 23.91% 28.54% 28.88% 25.08% 22.85% 28.08% 24.62% 24.29% 25.07% 28.07% 26.18%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 27.11% 31.84% 54.97% 59.31% 26.88% 32.34% 28.72% 28.72% 82.91% 34.45% 30.84%
Earnings before Interest and Taxes (EBIT)		 177 130 -5.23 -35 174 119 127 119 -184 97 117
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 276 226 91 67 277 221 242 230 -69 191 215
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 6.76 6.75 5.96 6.72 6.07 5.05 4.83 3.63 4.00 3.61 5.74
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 3.61 3.73 2.97 2.95 2.58 2.16 2.12 1.66 1.50 1.38 2.28
Price to Earnings (P/E)		 17.90 27.69 38.23 280.77 219.71 341.50 45.54 17.19 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.25% 0.51% 0.99% 1.49% 1.61% 0.97%
Earnings Yield		 5.59% 3.61% 2.62% 0.36% 0.46% 0.29% 2.20% 5.82% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.51 2.58 2.27 2.29 2.09 1.89 1.84 1.60 1.58 1.52 1.98
Enterprise Value to Revenue (EV/Rev)		 5.11 5.19 4.41 4.45 4.12 3.68 3.69 3.21 3.07 2.92 3.79
Enterprise Value to EBITDA (EV/EBITDA)		 11.80 12.16 12.38 16.21 14.94 13.28 10.76 7.68 11.22 11.17 15.35
Enterprise Value to EBIT (EV/EBIT)		 17.93 19.00 22.15 40.15 37.43 34.39 22.53 13.80 38.58 41.83 58.29
Enterprise Value to NOPAT (EV/NOPAT)		 24.57 25.68 30.16 62.97 48.71 55.72 31.39 18.79 55.11 59.76 83.26
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.86 15.08 13.38 17.78 17.59 15.57 14.74 9.52 9.19 8.89 12.37
Enterprise Value to Free Cash Flow (EV/FCFF)		 103.20 96.46 67.69 38.37 33.75 26.79 37.60 18.27 16.87 18.20 19.85
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.82 2.64 2.90 3.44 3.64 3.58 3.58 3.41 4.19 4.04 3.84
Long-Term Debt to Equity		 2.81 2.63 2.88 3.42 3.62 3.56 3.55 3.39 4.15 4.00 3.80
Financial Leverage		 2.27 2.20 2.47 3.00 3.18 3.04 3.20 3.42 3.88 3.78 3.68
Leverage Ratio		 4.23 4.09 4.46 5.12 5.34 5.21 5.44 5.74 6.32 6.26 6.15
Compound Leverage Factor		 2.82 2.31 51.78 13.23 3.52 2.66 2.91 2.92 8.42 2.79 3.35
Debt to Total Capital		 73.83% 72.53% 74.34% 77.50% 78.45% 78.17% 78.15% 77.34% 80.73% 80.15% 79.33%
Short-Term Debt to Total Capital		 0.39% 0.40% 0.45% 0.49% 0.52% 0.55% 0.57% 0.59% 0.70% 0.73% 0.76%
Long-Term Debt to Total Capital		 73.44% 72.13% 73.89% 77.01% 77.93% 77.62% 77.58% 76.75% 80.03% 79.42% 78.57%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 26.17% 27.47% 25.66% 22.50% 21.55% 21.83% 21.85% 22.66% 19.27% 19.85% 20.67%
Debt to EBITDA		 3.48 3.42 4.05 5.50 5.61 5.52 4.58 3.73 5.75 5.91 6.17
Net Debt to EBITDA		 3.47 3.41 4.05 5.48 5.59 5.50 4.57 3.71 5.73 5.89 6.14
Long-Term Debt to EBITDA		 3.46 3.40 4.03 5.46 5.57 5.48 4.55 3.70 5.70 5.86 6.11
Debt to NOPAT		 7.24 7.23 9.87 21.35 18.28 23.16 13.37 9.13 28.25 31.64 33.45
Net Debt to NOPAT		 7.22 7.20 9.86 21.29 18.24 23.09 13.33 9.09 28.13 31.50 33.28
Long-Term Debt to NOPAT		 7.20 7.19 9.81 21.22 18.16 23.00 13.28 9.06 28.00 31.35 33.13
Altman Z-Score		 1.35 1.39 1.09 1.03 1.05 0.90 0.87 0.73 0.49 0.61 0.89
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.01 0.97 0.91 0.90 0.95 0.83 0.81 0.79 0.86 0.79 0.81
Quick Ratio		 0.82 0.78 0.71 0.71 0.75 0.66 0.65 0.63 0.67 0.62 0.64
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -245 -254 -199 84 225 253 44 96 159 317 420
Operating Cash Flow to CapEx		 330.51% 264.24% 246.62% -2.18% 237.14% 272.25% 224.99% 225.81% 182.07% 183.81% 129.32%
Free Cash Flow to Firm to Interest Expense		 0.00 -4.49 -3.58 1.51 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 3.69 3.16 -0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 2.29 1.88 -1.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.40 0.40 0.41 0.40 0.39 0.39 0.39 0.38 0.39 0.39 0.38
Accounts Receivable Turnover		 5.49 5.51 5.45 5.26 5.44 5.56 5.49 5.46 5.53 5.69 5.49
Inventory Turnover		 23.31 23.63 23.00 22.55 23.06 22.71 22.82 22.98 24.03 23.88 23.77
Fixed Asset Turnover		 0.73 0.73 0.73 0.71 0.71 0.70 0.69 0.68 0.71 0.70 0.70
Accounts Payable Turnover		 10.55 11.00 10.27 10.96 11.97 11.14 9.37 10.19 10.83 9.49 8.47
Days Sales Outstanding (DSO)		 66.44 66.22 66.96 69.43 67.15 65.59 66.43 66.89 66.00 64.14 66.53
Days Inventory Outstanding (DIO)		 15.66 15.45 15.87 16.19 15.83 16.07 16.00 15.88 15.19 15.28 15.36
Days Payable Outstanding (DPO)		 34.60 33.19 35.53 33.29 30.48 32.78 38.97 35.82 33.71 38.47 43.10
Cash Conversion Cycle (CCC)		 47.49 48.48 47.30 52.33 52.50 48.88 43.46 46.95 47.48 40.95 38.80
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 4,808 4,792 4,676 4,674 4,718 4,623 4,722 4,663 4,430 4,369 4,388
Invested Capital Turnover		 0.51 0.52 0.53 0.51 0.50 0.50 0.50 0.50 0.50 0.51 0.50
Increase / (Decrease) in Invested Capital		 374 354 195 -109 -90 -169 46 -11 -288 -254 -334
Enterprise Value (EV)		 12,074 12,382 10,633 10,707 9,879 8,715 8,684 7,446 7,000 6,638 8,701
Market Capitalization		 8,528 8,911 7,158 7,087 6,180 5,103 4,997 3,844 3,426 3,140 5,224
Book Value per Share		 $6.58 $6.94 $6.32 $5.59 $5.51 $5.51 $5.67 $5.82 $4.71 $4.81 $5.03
Tangible Book Value per Share		 ($1.75) ($1.41) ($1.30) ($2.03) ($2.35) ($2.34) ($2.57) ($2.37) ($3.44) ($3.32) ($3.03)
Total Capital		 4,819 4,805 4,682 4,685 4,727 4,634 4,734 4,678 4,444 4,385 4,406
Total Debt		 3,557 3,485 3,480 3,631 3,708 3,622 3,700 3,617 3,588 3,514 3,495
Total Long-Term Debt		 3,539 3,466 3,459 3,608 3,684 3,597 3,673 3,590 3,557 3,482 3,462
Net Debt		 3,546 3,472 3,474 3,620 3,699 3,612 3,687 3,603 3,574 3,499 3,477
Capital Expenditures (CapEx)		 66 79 71 72 75 76 91 85 87 104 125
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 15 -14 -40 -49 -12 -88 -111 -127 -70 -124 -114
Debt-free Net Working Capital (DFNWC)		 26 -1.25 -34 -38 -2.90 -77 -98 -112 -55 -108 -96
Net Working Capital (NWC)		 7.08 -20 -55 -61 -27 -103 -125 -139 -86 -140 -129
Net Nonoperating Expense (NNE)		 43 43 43 46 46 41 42 42 59 35 39
Net Nonoperating Obligations (NNO)		 3,546 3,472 3,474 3,620 3,699 3,612 3,687 3,603 3,574 3,499 3,477
Total Depreciation and Amortization (D&A)		 99 96 97 103 102 101 116 111 114 95 97
Debt-free, Cash-free Net Working Capital to Revenue		 0.63% -0.60% -1.67% -2.05% -0.50% -3.72% -4.73% -5.47% -3.05% -5.46% -4.98%
Debt-free Net Working Capital to Revenue		 1.09% -0.05% -1.42% -1.59% -0.12% -3.27% -4.19% -4.83% -2.41% -4.78% -4.18%
Net Working Capital to Revenue		 0.30% -0.86% -2.30% -2.54% -1.15% -4.35% -5.33% -6.02% -3.77% -6.18% -5.64%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.47 $0.30 ($0.25) ($0.37) $0.47 $0.23 $0.26 $0.24 ($1.02) $0.16 $0.26
Adjusted Weighted Average Basic Shares Outstanding		 198.55M 190.14M 189.68M 188.28M 188.10M 183.68M 182.47M 182.00M 182.39M 180.99M 181.01M
Adjusted Diluted Earnings per Share		 $0.47 $0.29 ($0.25) ($0.37) $0.48 $0.23 $0.26 $0.24 ($1.02) $0.15 $0.26
Adjusted Weighted Average Diluted Shares Outstanding		 201.85M 193.07M 189.68M 188.28M 190.29M 185.30M 183.44M 182.77M 182.39M 181.46M 181.81M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 189.97M 190.18M 188.49M 184.76M 183.58M 182.39M 182.08M 181.95M 180.85M 180.99M 181.19M
Normalized Net Operating Profit after Tax (NOPAT)		 130 100 93 -23 135 84 90 85 -129 70 90
Normalized NOPAT Margin		 21.16% 17.06% 15.46% -3.81% 22.33% 15.07% 15.20% 15.05% -22.72% 12.85% 14.74%
Pre Tax Income Margin		 19.28% 12.49% -10.05% -15.14% 19.10% 10.90% 11.53% 10.65% -43.23% 7.85% 10.46%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 2.30 -0.09 -0.63 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 1.76 -0.07 -0.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.90 -1.38 -1.92 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.37 -1.35 -1.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -96.47% -75.05% -73.90%
Augmented Payout Ratio		 171.72% 187.40% 235.30% 1,071.08% 989.26% 2,009.35% 248.62% 103.08% -284.92% -200.34% -123.09%

Financials Breakdown Chart

Key Financial Trends

WillScot’s latest quarter shows a sharp rebound in profitability and strong operating cash flow, but the balance sheet remains highly leveraged. In Q1 2026, revenue dipped slightly year over year, yet earnings improved dramatically from a large loss in Q4 2025 to a profit, while operating cash flow stayed solid. At the same time, the company is still carrying substantial debt and has continued to use cash for repayments, dividends, buybacks, and capital spending.

  • Profitability rebounded strongly in Q1 2026. WillScot posted net income of $28.1 million versus a loss of $187.3 million in Q4 2025, showing a clear recovery after a weak prior quarter.
  • Operating cash flow remained healthy. Cash from operations was $191.1 million in Q1 2026, up slightly from $158.9 million in Q4 2025 and comparable to recent strong quarters.
  • Gross profit margin stayed solid. Q1 2026 gross profit was $285.7 million on $548.6 million of revenue, implying a gross margin of about 52%, which is in line with the company’s asset-heavy model.
  • Balance sheet equity improved quarter over quarter. Total common equity rose to $870.5 million at March 31, 2026 from $1.03 billion at year-end 2025, but the company still remains equity-positive despite heavy leverage.
  • Cash generation continues to support capital returns. WillScot paid dividends and repurchased stock again in Q1 2026, suggesting management still has confidence in underlying cash flow.
  • Revenue was slightly lower than the prior quarter. Q1 2026 revenue of $548.6 million was down from $566.0 million in Q4 2025 and $559.6 million in Q1 2025, indicating a modest top-line slowdown.
  • Capex remains meaningful. The company spent $105.6 million on property, plant and equipment in Q1 2026, reinforcing that this is a capital-intensive business.
  • Debt refinancing remains active. WillScot issued $115.8 million of debt in Q1 2026 while repaying $191.8 million, showing ongoing balance-sheet management rather than a clean deleveraging story.
  • Leverage is still high. As of Q1 2026, long-term debt was $3.48 billion and short-term debt was $31.9 million, versus only $15.5 million in cash and equivalents.
  • Interest burden remains a major drag. Cash interest paid was $32.6 million in Q1 2026, and prior quarters show interest expense consistently consuming a large portion of operating profit.

Longer-term trend: Over the last four years, WillScot has generally produced strong operating cash flow and recurring profits, but the recent period has been more volatile. Q1 2026 was a step back in revenue versus early 2025, but profitability recovered quickly after the large Q4 2025 loss. The key issue for investors remains whether the company can keep generating enough cash to reduce leverage without sacrificing growth or shareholder returns.

Bottom line: WillScot still looks like a cash-generative business with decent margins, but the balance sheet is stretched. Retail investors should watch revenue growth, operating margin stability, and debt reduction closely from here.

08/24/26 04:21 PM ETAI Generated. May Contain Errors.

WillScot Financials - Frequently Asked Questions

According to the most recent income statement we have on file, WillScot's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

WillScot's net income appears to be on a downward trend, with a most recent value of -$52.99 million in 2025, falling from -$71.59 million in 2015. The previous period was $28.13 million in 2024. View WillScot's forecast to see where analysts expect WillScot to go next.

WillScot's total operating income in 2025 was $181.45 million, based on the following breakdown:
  • Total Gross Profit: $1.16 billion
  • Total Operating Expenses: $982.13 million

Over the last 10 years, WillScot's total revenue changed from $453.34 million in 2015 to $2.28 billion in 2025, a change of 403.3%.

WillScot's total liabilities were at $4.96 billion at the end of 2025, a 1.1% decrease from 2024, and a 25,162.6% increase since 2015.

In the past 10 years, WillScot's cash and equivalents has ranged from $1.01 million in 2015 to $24.94 million in 2020, and is currently $14.59 million as of their latest financial filing in 2025.

Over the last 10 years, WillScot's book value per share changed from 0.08 in 2015 to 4.71 in 2025, a change of 5,782.6%.


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Financial statements for NASDAQ:WSC last updated on 8/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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