WSCWillScot Holdings Corporation

$17.07-24% 1Y

$17.07

$14.8452 weeks$29.07

Is the business good?

Mixed

The checks split: earnings fully cash-backed (6.0×), but 3 of 9 health tests passed and margins compressing.

1 good, 2 to watch, 1 without data

Fundamental health (F-score)3 / 9SEC EDGAR · Dec 31, 2025

Weak, deteriorating fundamentals. Nine pass/fail tests of year-over-year health from the filings.

Profits arrive as cash5.96×derived · Jun 30, 2026

Operating profit is fully backed by cash. Conversion is improving vs a year ago.

Margin direction, 3 years−21.0 ptsderived

Operating margin has narrowed over the past few years, profitability per dollar of sales is eroding.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

Leverage (Debt/EBITDA)bottom 4% of the market

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

WillScot Holdings Corporation earns 2.7% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

2.7%

Return on invested capital · cost of capital 9.0% · 6.3 points below what the capital costs: growth destroys value

Operating margin: 6.5%
Operating margin · Rental & Leasing Services median 8.0% · 12 months to Q2 2026
Cash conversion: 5.96×
Cash conversion · 2.13× a year ago · operating cash flow covers the operating profit after tax
Share count, year on year: −0.89%
Share count, year on year · flat: no meaningful dilution

Details›

Gross margin12 months to Q2 2026: 51%
Operating margin12 months to Q2 2026: 6.5%
Net margin12 months to Q2 2026: −3.0%
Free cash flow margin: 30%
Revenue, trailing twelve months: $2.29B
Free cash flow, trailing twelve months: $682M
Net income, trailing twelve months: −$69M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash: 2.7%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.

Ranks #10 of 13 by RyuScore