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WillScot Holdings Corporation provides turnkey temporary space solutions in the United States, Canada, and Mexico. The company leases, sells, delivers, and installs modular space solutions and portable storage products. It offers modular space solutions, such as modular office complexes, mobile offices, classrooms, blast-resistant modules, clearspan structures, and sanitation solutions; and portable storage solutions, including portable storage and climate-controlled containers and trailers. The company also provides 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. The company serves customers in the construction and infrastructure, commercial and industrial, and energy and natural resources markets, as well as governments and institutions. The company was formerly known as WillScot Mobile Mini Holdings Corp. and changed its name to WillScot Holdings Corporation in July 2024. The company was founded in 1944 and is headquartered in Scottsdale, Arizona.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.3B | $606M | $-53M | $420M | -6.2% | -4.8% | -288.4% |
| 2024 | $2.4B | $649M | $28M | $262M | 2.8% | 1.3% | -94.1% |
| 2023 | $2.4B | $1.0B | $476M | $512M | 37.8% | 10.4% | 40.3% |
| 2022 | $2.1B | $855M | $340M | $258M | 21.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,142.62 | 2,364.77 | 2,395.72 | 2,281.45 |
| Cost Of Revenue | - | 1,007.14 | 1,030.90 | 1,093.88 | 1,117.86 |
| Gross Profit | - | 1,135.48 | 1,333.87 | 1,301.84 | 1,163.59 |
| Operating Expense | - | 623.20 | 653.66 | 716.23 | 679.74 |
| Operating Income | - | 512.28 | 680.21 | 585.61 | 483.84 |
| EBITDA | - | 854.99 | 1,012.11 | 648.89 | 606.11 |
| EBIT | - | 511.48 | 673.46 | 263.92 | 176.09 |
| Pretax Income | - | 365.20 | 468.42 | 36.60 | -55.42 |
| Tax Provision | - | 88.86 | 126.58 | 8.48 | -2.43 |
| Net Income | - | 339.54 | 476.46 | 28.13 | -52.99 |
| Net Income Common Stockholders | - | 339.54 | 476.46 | 28.13 | -52.99 |
| Total Expenses | - | 1,630.34 | 1,684.55 | 1,810.11 | 1,797.60 |
| Interest Expense | - | 146.28 | 205.04 | 227.31 | 231.51 |
| Selling General And Administration | - | 567.49 | 596.09 | 630.71 | 581.76 |
| Normalized EBITDA | - | 855.79 | 1,018.87 | 970.58 | 913.86 |
| Normalized Income | - | 276.95 | 346.77 | 275.35 | 241.22 |
| Market Cap | 4,101.34 | 4,101.34 | 4,101.34 | 4,101.34 | 4,101.34 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| WillScot Holdings Corporationthis co. | WSC | - | -77.40 | 4.79 | -6.2% | 13.18 |
| Pitney Bowes Inc. | PBI | $2.7B | 16.10 | -2.90 | -18.0% | 10.27 |
| DXP Enterprises, Inc. | DXPE | $2.7B | 29.67 | 5.28 | 17.8% | 14.78 |
| Hub Group, Inc. | HUBG | $2.6B | 25.22 | 1.59 | 6.3% | 8.93 |
| The GEO Group, Inc. | GEO | $2.6B | 9.82 |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.66 |
| 16.9% |
| 6.62 |
| Trinity Industries, Inc. | TRN | $2.6B | 10.02 | 2.35 | 23.5% | 8.15 |
| Robert Half Inc. | RHI | $2.6B | 19.72 | 2.06 | 10.4% | 15.20 |
| ABM Industries Incorporated | ABM | $2.5B | 14.47 | 1.32 | 9.1% | 9.30 |
| Alamo Group Inc. | ALG | $2.1B | 20.15 | 1.82 | 9.0% | 9.51 |
| Peer Median | - | 17.91 | 1.74 | 9.8% | 9.40 | |