WillScot Holdings CorpWSCEarnings & Financial Report
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
Revenue
$601.4M
Gross Profit
$321.5M
Operating Profit
$-35.2M
Net Profit
$-70.5M
Gross Margin
53.5%
Operating Margin
-5.9%
Net Margin
-11.7%
YoY Growth
-0.6%
EPS
$-0.37
WillScot Holdings Corp Q3 FY2024 Financial Summary
WillScot Holdings Corp reported revenue of $601.4M (down 0.6% YoY) for Q3 FY2024, with a net profit of $-70.5M (down 177.0% YoY) (-11.7% margin). Cost of goods sold was $279.9M, operating expenses totaled $356.7M.
Key Financial Metrics
| Total Revenue | $601.4M |
|---|---|
| Net Profit | $-70.5M |
| Gross Margin | 53.5% |
| Operating Margin | -5.9% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
WillScot Holdings Corp Q3 FY2024 revenue of $601.4M breaks down across 8 segments, led by Modular Space Leasing at $254.5M (42.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Modular Space Leasing | $254.5M | 42.3% |
| Delivery And Installation Revenue | $114.8M | 19.1% |
| Value Added Product And Services | $100.2M | 16.7% |
| Portable Storage Leasing | $85.7M | 14.3% |
| New Units | $17.9M | 3.0% |
| Other Leasing Related Products And Services | $15.1M | 2.5% |
| Rental Units | $13.2M | 2.2% |
| Value Added Services | $10.3M | 1.7% |
WillScot Holdings Corp Revenue by Segment — Quarterly Trend
WillScot Holdings Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Modular Space Leasing and Delivery And Installation Revenue) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Modular Space Leasing | $249.8M | $250.8M | $251.4M | $245.9M |
| Value Added Product And Services | $101.0M | $100.2M | $100.0M | $96.3M |
| Portable Storage Leasing | $83.0M | $79.8M | $79.6M | $77.0M |
| New Units | $15.5M | $18.4M | $21.6M | $22.4M |
WillScot Holdings Corp Annual Revenue by Year
WillScot Holdings Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.3B |
| 2024 | $2.4B |
| 2023 | $2.4B |
| 2022 | $2.1B |
WillScot Holdings Corp Quarterly Revenue & Net Profit History
WillScot Holdings Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $566.0M | -6.1% | $-187.3M | -33.1% |
| Q3 FY2025 | $566.8M | -5.8% | $43.3M | 7.6% |
| Q2 FY2025 | $589.1M | -2.6% | $47.9M | 8.1% |
| Q1 FY2025 | $559.6M | -4.7% | $43.1M | 7.7% |
| Q4 FY2024 | $602.5M | -1.6% | $89.2M | 14.8% |
| Q3 FY2024 | $601.4M | -0.6% | $-70.5M | -11.7% |
| Q2 FY2024 | $604.6M | +3.9% | $-46.9M | -7.7% |
| Q1 FY2024 | $587.2M | +3.8% | $56.2M | 9.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $587.2M | $604.6M | $601.4M | $602.5M | $559.6M | $589.1M | $566.8M | $566.0M |
| YoY Growth | 3.8% | 3.9% | -0.6% | -1.6% | -4.7% | -2.6% | -5.8% | -6.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $6.18B | $6.05B | $6.04B | $6.03B | $5.96B | $6.10B | $6.10B | $5.82B |
| Liabilities | $4.86B | $4.85B | $4.98B | $5.02B | $4.95B | $5.07B | $5.04B | $4.96B |
| Equity | $1.32B | $1.20B | $1.05B | $1.02B | $1.01B | $1.03B | $1.06B | $856.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $208.7M | $175.6M | $-1.6M | $178.9M | $206.6M | $205.3M | $191.2M | $158.9M |