WSC · Willscot Mobile Mini Holdings Corp. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.28B | $2.40B | $2.36B | $2.14B | $1.89B | $1.37B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | $1.16B | $1.30B | $1.33B | $1.14B | $968.21M | $659.97M |
| R&D | - | - | - | - | - | - |
| SG&A | $581.76M | $630.71M | $596.09M | $567.21M | $511.45M | $360.63M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $96.05M | $82.83M | $72.92M | $62.38M | $78.03M | $43.25M |
| Operating Income | $181.45M | $263.92M | $673.46M | $511.48M | $360.27M | $182.72M |
| Interest Expense | - | - | $205.04M | $146.28M | $117.99M | $119.89M |
| Income Tax | ($2.43M) | $8.47M | $126.58M | $88.86M | $49.55M | ($51.45M) |
| Net Income | ($52.99M) | $28.13M | $476.46M | $339.54M | $160.14M | $70.67M |
| EPS - Basic | ($0.29) | $0.15 | $2.40 | $1.57 | $0.71 | $0.42 |
| EPS - Diluted | ($0.29) | $0.15 | $2.36 | $1.53 | $0.69 | $0.41 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $14.59M | $9.00M | $10.96M | $7.39M | $12.70M | $24.94M |
| Accounts Receivable | $394.71M | $430.38M | $451.13M | $409.77M | $399.89M | $330.94M |
| Inventory | $45.56M | $47.47M | $47.41M | $41.03M | $32.74M | $21.66M |
| Accounts Payable | $109.86M | $96.60M | $86.12M | $108.07M | $118.27M | $106.93M |
| Current Assets | $525.05M | $557.51M | $569.10M | $521.04M | $483.04M | $419.49M |
| Total Assets | $5.82B | $6.03B | $6.14B | $5.83B | $5.77B | $5.57B |
| Current Liabilities | $611.10M | $585.01M | $562.02M | $561.94M | $517.64M | $448.67M |
| Long-term Debt | - | - | - | - | - | $1.63B |
| Total Liabilities | $4.96B | $5.02B | $4.88B | $4.26B | $3.78B | $3.43B |
| Stockholders' Equity | $856.25M | $1.02B | $1.26B | $1.57B | $2.00B | $2.14B |
| Retained Earnings | ($799.95M) | ($746.96M) | ($775.09M) | ($1.25B) | ($1.59B) | ($1.62B) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $761.99M | $561.64M | $761.24M | $744.66M | $539.90M | $304.81M |
| Investing Cash Flow | ($417.47M) | ($362.35M) | ($350.00M) | ($309.33M) | ($384.05M) | ($125.36M) |
| Financing Cash Flow | ($340.52M) | ($200.12M) | ($418.94M) | ($429.37M) | ($167.89M) | ($158.96M) |
| CapEx | $24.33M | $18.43M | $22.24M | $43.66M | $30.50M | $16.45M |
| Free Cash Flow | $737.65M | $543.21M | $739.00M | $700.99M | $509.40M | $288.36M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 51.0% | 54.3% | 56.4% | 53.0% | 51.1% | 48.3% |
| Operating margin | 8.0% | 11.0% | 28.5% | 23.9% | 19.0% | 13.4% |
| EBITDA margin | 12.2% | 14.5% | 31.6% | 26.8% | 23.1% | 16.5% |
| Net margin | -2.3% | 1.2% | 20.1% | 15.8% | 8.5% | 5.2% |
| Free cash flow margin | 32.3% | 22.7% | 31.3% | 32.7% | 26.9% | 21.1% |
| FCF / Net income | -13.92 | 19.31 | 1.55 | 2.06 | 3.18 | 4.08 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 25.5% | 26.3% | 25.2% | 26.5% | 27.0% | 26.4% |
| Effective tax rate | - | 23.2% | 21.0% | 20.7% | 23.6% | -267.8% |
| Return on assets | -0.9% | 0.5% | 7.8% | 5.8% | 2.8% | 1.3% |
| Return on equity | -6.2% | 2.8% | 37.8% | 21.7% | 8.0% | 3.3% |
| Return on invested capital | - | - | - | - | - | 4.8% |
| Liquidity | ||||||
| Current ratio | 0.86 | 0.95 | 1.01 | 0.93 | 0.93 | 0.93 |
| Quick ratio | 0.78 | 0.87 | 0.93 | 0.85 | 0.87 | 0.89 |
| Cash ratio | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.06 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | 0.76 |
| Debt / Assets | - | - | - | - | - | 0.29 |
| Debt / EBITDA | - | - | - | - | - | 7.22 |
| Interest coverage | - | - | 3.3x | 3.5x | 3.1x | 1.5x |
| Equity multiplier | 6.79 | 5.92 | 4.87 | 3.72 | 2.89 | 2.60 |
| Liabilities / Assets | 0.85 | 0.83 | 0.79 | 0.73 | 0.65 | 0.62 |
| Efficiency | ||||||
| Asset turnover | 0.39 | 0.40 | 0.39 | 0.37 | 0.33 | 0.25 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 63d | 66d | 70d | 70d | 77d | 88d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | 223.0x | 18.9x | 29.5x | 59.2x | 56.5x |
| P / B | 4.0x | 6.2x | 7.1x | 6.4x | 4.8x | 1.9x |
| P / S | 1.5x | 2.7x | 3.8x | 4.7x | 5.0x | 2.9x |
| EV / EBITDA | 12.3x | 18.3x | 12.0x | 17.4x | 21.7x | 24.9x |
| Growth | ||||||
| Revenue growth (YoY) | -4.8% | 1.3% | 10.4% | 13.1% | 38.6% | 28.6% |
| Revenue CAGR (3y) | 2.1% | 8.1% | 20.0% | 26.3% | 36.1% | 44.5% |
| Revenue CAGR (5y) | 10.8% | 17.6% | 25.8% | 36.4% | - | - |
| Gross profit growth (YoY) | -10.6% | -2.4% | 17.5% | 17.3% | 46.7% | 59.7% |
| Operating income growth (YoY) | -31.2% | -60.8% | 31.7% | 42.0% | 97.2% | 55.5% |
| Net income growth (YoY) | - | -94.1% | 40.3% | 112.0% | 126.6% | - |
| EPS growth (YoY) | - | -93.6% | 54.2% | 121.7% | 68.3% | - |
| EPS CAGR (3y) | - | -39.9% | 79.2% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | 133.2% | - |
| FCF growth (YoY) | 35.8% | -26.5% | 5.4% | 37.6% | 76.7% | 75.6% |
| FCF CAGR (5y) | 20.7% | 27.0% | 86.8% | 65.6% | - | - |
| Book value growth (YoY) | -15.9% | -19.2% | -19.4% | -21.6% | -6.7% | 232.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.28B totalReportable Segment$2.28B · 100.0%
Product / service
$6.21B totalLeasing And Services$2.14B · 34.4%
Leasing Revenue$1.75B · 28.2%
Modular Space Leasing$997.78M · 16.1%
Value Added Product And Services$397.55M · 6.4%
Delivery And Installation$388.89M · 6.3%
Portable Storage Leasing$319.31M · 5.1%
New Units$77.94M · 1.3%
Rental Units$65.59M · 1.1%
Value Added Services$38.60M · 0.6%
Other Leasing Related Products And Services$34.39M · 0.6%
Geographic
$2.28B totalUS$2.14B · 93.9%
CA$118.00M · 5.2%
MX$21.31M · 0.9%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.43
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Services-Miscellaneous Equipment Rental & Leasing
Comparing WillScot Mobile Mini Holdings Corp. against the 5 most active filers in the same SIC group.
Dividends
$0.21/share trailing 12 months · +50.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 4, 2026 | $0.0700 |
| Dec 3, 2025 | $0.0700 |
| Sep 3, 2025 | $0.0700 |
| Jun 4, 2025 | $0.0700 |
| Mar 5, 2025 | $0.0700 |