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Rents modular office space and portable storage containers to construction, industrial and event customers.
Rents modular office space and portable storage containers to construction, industrial and event customers.
Leases units on monthly rent and keeps them on rent for years, so most revenue repeats, and adds delivery, set-up and pick-up charges and extras such as furniture and steps, which lift income per unit. The 2020 merger with Mobile Mini added portable storage containers to the modular office business.
Moat: narrow (scale, installed base, distribution). Large fleet and branch network scale give delivery/cost advantages over smaller regional rental competitors.
Headquarters: Phoenix, Arizona, US · Founded: 2017 · Employees: 4,700
Size WillScot (WSC) is a United States Financials company (Finance/Rental/Leasing) with a market value of $3.42B, the 1451st largest of 3,117 United States companies the cockpit tracks. Shares closed at $18.86 on 6 Nov 2026.
Performance Over six months the shares fell 32.9%, against -9.1% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 2.5% over the last twelve months (peer median +9.0%); the operating margin is 20.6% (peer median 29.5%).
Valuation It trades at 3.75× book value against a peer median of 1.42× (2nd most expensive of 20).
Price implies The share price implies a return on equity of about 35.8%; WillScot delivers -7.1%, so the price asks more than the business earns today.
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.29B | $2.28B | $2.40B | $2.36B | $2.14B |
| Revenue growth | — | -5% | +1% | +10% | — |
| Gross profit | $1.06B | $1.07B | $1.22B | $1.26B | $1.07B |
| EBITDA | $879M | $919M | $1.02B | $1.01B | $840M |
| Net income | -$68.9M | -$53.0M | $28.1M | $300M | $304M |
| Free cash flow | $298M | $420M | $262M | $512M | $258M |
| Capital expenditure | $406M | $342M | $299M | $249M | $487M |
| Total debt | $3.79B | $3.90B | $3.98B | $3.80B | $3.30B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| WillScot WSC | $3.42B | -33% | -3% | -7% | 3.75× | 35.8% |
| McGrath RentCorp MGRC | $3.05B | +9% | +2% | 13% | 2.38× | 13.2% |
| United Rentals URI | $65.4B | +13% | +9% | 31% | 6.75× | 77.1% |
| Herc HRI | $5.08B | +14% | +19% | 6% | 2.56× | 33.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WSC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.9% | +1.4% | highest of 21 |
| 6-month return | -32.9% | -9.1% | lowest of 21 |
| Return on equity | -7.1% | 14.3% | lowest of 20 |
| Price / book | 3.75× | 1.42× | 2nd most expensive of 20 |
| ROE the price implies | 35.8% | 13.8% | 2nd most demanding of 20 |
| ROE delivered | -7.1% | 14.4% | lowest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| WillScot WSC | United States | $3.42B | -33% | -3% | -7% | 3.75× | 35.8% | -7.1% |
| PennyMac Financial Services PFSI | United States | $3.41B | -28% | +4% | 6% | 0.78× | 10.2% | 5.6% |
| Far East Horizon 3360.HK | Hong Kong | $3.44B | -25% | +1% | 8% | 0.45× | 4.5% | 7.6% |
| Housing & Urban Development HUDCO.NS | India | $3.39B | -30% | +22% | 22% | 1.39× | 31.5% | 21.7% |
| Indian Renewable Energy Development Agency IREDA.NS | India | $3.31B | -18% | +17% | 14% | 2.18× | 42.4% | 14.4% |
| Samsung Card 029780.KS | South Korea | $3.30B | -21% | +11% | 7% | 0.51× | 4.2% | n/a |
| Manappuram Finance MANAPPURAM.NS | India | $3.23B | +3% | +5% | 7% | 1.90× | 33.0% | n/a |
| Credit Saison 8253.T | Japan | $3.62B | -10% | +10% | 9% | 0.73× | 6.3% | 9.2% |
| Sixt SIX2.DE | Germany | $3.67B | +4% | +7% | 15% | 1.67× | 15.8% | 15.0% |
| LIC Housing Finance LICHSGFIN.NS | India | $3.12B | -9% | -1% | 14% | 0.67× | 11.6% | 14.3% |
| SLM SLM | United States | $3.10B | -25% | -6% | 25% | 1.55× | 13.8% | 24.7% |
| Marui 8252.T | Japan | $3.09B | -7% | +8% | 12% | 2.12× | 7.1% | 12.4% |
| Hercules Capital HTGC | United States | $3.06B | 0% | +40% | 16% | 1.32× | 10.4% | 15.7% |
| McGrath RentCorp MGRC | United States | $3.05B | +9% | +2% | 13% | 2.38× | 13.2% | 12.9% |
| PNB Housing Finance PNBHOUSING.NS | India | $3.03B | +5% | +11% | 12% | 1.42× | 19.4% | 12.3% |
| Bread Financial BFH | United States | $3.87B | +17% | +2% | 16% | 1.13× | 12.2% | 15.9% |
| GMO Payment Gateway 3769.T | Japan | $3.98B | +6% | +13% | 22% | 5.02× | 32.4% | 21.5% |
| Cholamandalam Financial CHOLAHLDNG.NS | India | $2.89B | -17% | +18% | 17% | 1.77× | 26.2% | n/a |
| Mahindra & Mahindra Financial Services M&MFIN.NS | India | $4.12B | -15% | +15% | 14% | 1.41× | 23.7% | 13.8% |
| IIFL Finance IIFL.NS | India | $2.83B | +35% | +36% | 18% | 1.73× | 23.7% | 17.6% |
| Avis Budget CAR | United States | $4.20B | -18% | -1% | n/a | n/a | n/a | n/a |