WSCWillScot Holdings Corporation

$17.87-22% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 39 out of 100, Below average
Today's price. Only valuation depends on it.

Below average. WillScot Holdings Corporation scores higher than 29% of the 1,794 companies Ryufin scores.

Carried by cycle position and capital allocation, held back by valuation and return on capital.

Industrials median 61 · all companies 57

How the score has moved

At each fiscal year end, from the reports and price of the time
30
35
44
50
50
42
39
202020212022202320242025today

The biggest move was up 9 points from 2021 to 2022, mostly valuation.

Valuation

26% of the score

11median 56

WillScot Holdings Corporation is valued at 47.5x its operating profit before acquisition amortisation (EBITA), including debt: a very rich multiple.

60x
50x
35x
25x
18x
12x
8x
47.5x
Full points at 8x or less, none from 60xfull points

Return on capital

18% of the score

24median 34

Over 7 years the business earned 5.1% a year after tax on the capital it uses.

2%
8%
15%
25%
5.1%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 2.7%

Return on new capital

16% of the score

21median 49

Over 6 years yearly profit fell by 1 cents for every dollar earned. New capital earned -14%, and 11% of profit went back into the business.

-5%
12%
-1.5%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score

73median 67

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countUp 0.6% a year over 5 years: new shares
55
5%
-3%
0.6%
0 pointsfull points
Assets against salesAssets grew 0.9% a year, sales 12%
100
12%
-2%
-12%
0 pointsfull points

Cycle position

12% of the score

100median 62

Today's operating margin of 6.5% is 0.41x its normal 16%: near a trough. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
0.4x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 6.5%

Balance sheet

8% of the score

0median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDA14.2x a year of EBITDA
0
4.5x
0.5x
14.2x
0 pointsfull points
Interest coverOperating profit covers interest 1x
0
1.5x
12x
0.7x
0 pointsfull points

Earnings quality

6% of the score

100median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 4.62x profit over 3 years
100
0.7x
1x
1.3x
4.6x
0 pointsfull points
AccrualsCash ran ahead of profit by 13.8% of assets
100
8%
0%
-8%
-14%
0 pointsfull points
Beneish M-score-3.20
100
-1.50
-1.78
-2.22
-3.00
-3.20
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.