Is the business good?
How good a business is WSC?
WillScot Holdings Corporation earns 2.9% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
2.9%
Return on invested capital · cost of capital 9.0% · 6.1 points below what the capital costs: growth destroys value
- Operating margin
- 7.0%
Operating margin · Rental & Leasing Services median 7.9% · 12 months to Q1 2026
- Share count, year on year
- −2.1%
Share count, year on year · bought back, each share owns more of the company
- Gross margin
- 51%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 13% |
| FY2021 | 18% |
| FY2022 | 24% |
| FY2023 | 28% |
| FY2024 | 11% |
| FY2025 | 8.0% |
Details›
- Gross margin12 months to Q1 2026
- 51%
- Operating margin12 months to Q1 2026
- 7.0%
- Net margin12 months to Q1 2026
- −3.0%
- Free cash flow margin
- 32%
- Revenue, trailing twelve months
- $2.27B
- Free cash flow, trailing twelve months
- $723M
- Net income, trailing twelve months
- −$68M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 2.9%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Rental & Leasing Services
Ranks #5 of 15 by Smart Score