WSCWillScot Holdings Corporation
Is it safe?
Elevated bankruptcy risk: a balance sheet under strain, quality weak, and heavy debt (B). Everything else is secondary until this clears.
Elevated financial-distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Reported earnings show no manipulation flags Beneish M-score, a forensic model that detects earnings-manipulation patterns (receivables outrunning sales, margins slipping, accrual-heavy profit).
Weak, deteriorating fundamentals Piotroski F-score, nine pass/fail tests of year-over-year financial health across profitability, balance sheet and efficiency. 7 to 9 is strong, 0 to 3 weak.
Highly leveraged, watch solvency. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -72% · now 41% below its 52-week high.
Unless marked, from SEC EDGAR, as of Dec 31, 2025.
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.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can WSC take a bad year?
WillScot Holdings Corporation carries $3.48B of net debt at 14.2× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 14.2×
Net debt / EBITDA · 7.69× a year ago · the load is going up
- Altman Z-score
- 0.92
Altman Z-score · distress zone, below 1.8
- Debt / equity
- 3.84×
Debt / equity
Details›
- Total debtQ2 2026
- $3.50B
- Cash and short-term investments
- $18M
- Net debt
- $3.48B
- EBITDA, trailing twelve months
- $245M
- Operating profit, trailing twelve months
- $149M
- Debt / equity
- 3.84×
- Total debt / EBITDA
- 14.3×
- Annualised volatilitytwo years of daily moves
- 51%
- Worst drawdown on file
- −72%
- Below its 52-week high
- 41%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Rental & Leasing Services
Ranks #10 of 13 by RyuScore