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Side-by-side financial comparison of Allegion (ALLE) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
Allegion is the larger business by last-quarter revenue ($1.0B vs $566.0M, roughly 1.8× WillScot Holdings Corp). Allegion runs the higher net margin — 14.3% vs -33.1%, a 47.4% gap on every dollar of revenue. On growth, Allegion posted the faster year-over-year revenue change (9.3% vs -6.1%). Allegion produced more free cash flow last quarter ($200.5M vs $149.7M). Over the past eight quarters, Allegion's revenue compounded faster (7.5% CAGR vs -1.8%).
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door systems; and other accessories. The company sells its products and solutions to end-users in commercial, institutional, and residential facili...
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.
ALLE vs WSC — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $566.0M |
| Net Profit | $147.5M | $-187.3M |
| Gross Margin | 44.5% | 50.4% |
| Operating Margin | 20.3% | -32.5% |
| Net Margin | 14.3% | -33.1% |
| Revenue YoY | 9.3% | -6.1% |
| Net Profit YoY | 2.4% | -310.0% |
| EPS (diluted) | $1.70 | $-1.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.0B | $566.0M | ||
| Q3 25 | $1.1B | $566.8M | ||
| Q2 25 | $1.0B | $589.1M | ||
| Q1 25 | $941.9M | $559.6M | ||
| Q4 24 | $945.6M | $602.5M | ||
| Q3 24 | $967.1M | $601.4M | ||
| Q2 24 | $965.6M | $604.6M | ||
| Q1 24 | $893.9M | $587.2M |
| Q4 25 | $147.5M | $-187.3M | ||
| Q3 25 | $188.4M | $43.3M | ||
| Q2 25 | $159.7M | $47.9M | ||
| Q1 25 | $148.2M | $43.1M | ||
| Q4 24 | $144.1M | $89.2M | ||
| Q3 24 | $174.2M | $-70.5M | ||
| Q2 24 | $155.4M | $-46.9M | ||
| Q1 24 | $123.8M | $56.2M |
| Q4 25 | 44.5% | 50.4% | ||
| Q3 25 | 45.8% | 49.7% | ||
| Q2 25 | 45.6% | 50.3% | ||
| Q1 25 | 44.9% | 53.7% | ||
| Q4 24 | 44.1% | 55.8% | ||
| Q3 24 | 44.7% | 53.5% | ||
| Q2 24 | 44.4% | 54.1% | ||
| Q1 24 | 43.8% | 54.0% |
| Q4 25 | 20.3% | -32.5% | ||
| Q3 25 | 21.8% | 21.0% | ||
| Q2 25 | 21.5% | 21.5% | ||
| Q1 25 | 20.9% | 21.3% | ||
| Q4 24 | 19.5% | 28.9% | ||
| Q3 24 | 22.2% | -5.9% | ||
| Q2 24 | 21.6% | -0.9% | ||
| Q1 24 | 19.3% | 22.1% |
| Q4 25 | 14.3% | -33.1% | ||
| Q3 25 | 17.6% | 7.6% | ||
| Q2 25 | 15.6% | 8.1% | ||
| Q1 25 | 15.7% | 7.7% | ||
| Q4 24 | 15.2% | 14.8% | ||
| Q3 24 | 18.0% | -11.7% | ||
| Q2 24 | 16.1% | -7.7% | ||
| Q1 24 | 13.8% | 9.6% |
| Q4 25 | $1.70 | $-1.02 | ||
| Q3 25 | $2.18 | $0.24 | ||
| Q2 25 | $1.85 | $0.26 | ||
| Q1 25 | $1.71 | $0.23 | ||
| Q4 24 | $1.65 | $0.48 | ||
| Q3 24 | $1.99 | $-0.37 | ||
| Q2 24 | $1.77 | $-0.25 | ||
| Q1 24 | $1.41 | $0.29 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $356.2M | $14.6M |
| Total DebtLower is stronger | $2.0B | $3.6B |
| Stockholders' EquityBook value | $2.1B | $856.3M |
| Total Assets | $5.2B | $5.8B |
| Debt / EquityLower = less leverage | 0.96× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $356.2M | $14.6M | ||
| Q3 25 | $302.7M | $14.8M | ||
| Q2 25 | $656.8M | $12.8M | ||
| Q1 25 | $494.5M | $10.7M | ||
| Q4 24 | $503.8M | $9.0M | ||
| Q3 24 | $878.9M | $11.0M | ||
| Q2 24 | $747.5M | $5.9M | ||
| Q1 24 | $391.8M | $13.1M |
| Q4 25 | $2.0B | $3.6B | ||
| Q3 25 | $2.1B | $3.6B | ||
| Q2 25 | $2.1B | $3.7B | ||
| Q1 25 | $2.0B | $3.6B | ||
| Q4 24 | $2.0B | $3.7B | ||
| Q3 24 | $2.4B | $3.6B | ||
| Q2 24 | $2.4B | $3.5B | ||
| Q1 24 | $2.0B | $3.5B |
| Q4 25 | $2.1B | $856.3M | ||
| Q3 25 | $1.9B | $1.1B | ||
| Q2 25 | $1.8B | $1.0B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.4B | $1.3B |
| Q4 25 | $5.2B | $5.8B | ||
| Q3 25 | $5.2B | $6.1B | ||
| Q2 25 | $4.9B | $6.1B | ||
| Q1 25 | $4.6B | $6.0B | ||
| Q4 24 | $4.5B | $6.0B | ||
| Q3 24 | $5.0B | $6.0B | ||
| Q2 24 | $4.8B | $6.0B | ||
| Q1 24 | $4.3B | $6.2B |
| Q4 25 | 0.96× | 4.15× | ||
| Q3 25 | 1.07× | 3.39× | ||
| Q2 25 | 1.16× | 3.55× | ||
| Q1 25 | 1.24× | 3.56× | ||
| Q4 24 | 1.33× | 3.62× | ||
| Q3 24 | 1.53× | 3.42× | ||
| Q2 24 | 1.69× | 2.88× | ||
| Q1 24 | 1.49× | 2.63× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $240.1M | $158.9M |
| Free Cash FlowOCF − Capex | $200.5M | $149.7M |
| FCF MarginFCF / Revenue | 19.4% | 26.5% |
| Capex IntensityCapex / Revenue | 3.8% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $685.7M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $240.1M | $158.9M | ||
| Q3 25 | $229.5M | $191.2M | ||
| Q2 25 | $209.7M | $205.3M | ||
| Q1 25 | $104.5M | $206.6M | ||
| Q4 24 | $219.0M | $178.9M | ||
| Q3 24 | $231.9M | $-1.6M | ||
| Q2 24 | $173.0M | $175.6M | ||
| Q1 24 | $51.1M | $208.7M |
| Q4 25 | $200.5M | $149.7M | ||
| Q3 25 | $209.8M | $186.9M | ||
| Q2 25 | $192.0M | $199.0M | ||
| Q1 25 | $83.4M | $202.0M | ||
| Q4 24 | $194.9M | $176.6M | ||
| Q3 24 | $212.0M | $-4.9M | ||
| Q2 24 | $152.1M | $169.4M | ||
| Q1 24 | $23.9M | $202.1M |
| Q4 25 | 19.4% | 26.5% | ||
| Q3 25 | 19.6% | 33.0% | ||
| Q2 25 | 18.8% | 33.8% | ||
| Q1 25 | 8.9% | 36.1% | ||
| Q4 24 | 20.6% | 29.3% | ||
| Q3 24 | 21.9% | -0.8% | ||
| Q2 24 | 15.8% | 28.0% | ||
| Q1 24 | 2.7% | 34.4% |
| Q4 25 | 3.8% | 1.6% | ||
| Q3 25 | 1.8% | 0.7% | ||
| Q2 25 | 1.7% | 1.1% | ||
| Q1 25 | 2.2% | 0.8% | ||
| Q4 24 | 2.5% | 0.4% | ||
| Q3 24 | 2.1% | 0.6% | ||
| Q2 24 | 2.2% | 1.0% | ||
| Q1 24 | 3.0% | 1.1% |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.22× | 4.41× | ||
| Q2 25 | 1.31× | 4.28× | ||
| Q1 25 | 0.71× | 4.80× | ||
| Q4 24 | 1.52× | 2.01× | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 1.11× | — | ||
| Q1 24 | 0.41× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALLE
| Products | $750.2M | 73% |
| Allegion International | $237.7M | 23% |
| Services | $45.2M | 4% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
