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Side-by-side financial comparison of Andersons, Inc. (ANDE) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
WillScot Holdings Corp is the larger business by last-quarter revenue ($566.0M vs $329.5M, roughly 1.7× Andersons, Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs -33.1%, a 53.6% gap on every dollar of revenue. On growth, Andersons, Inc. posted the faster year-over-year revenue change (-2.4% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $-77.1M). Over the past eight quarters, Andersons, Inc.'s revenue compounded faster (-1.8% CAGR vs -1.8%).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
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.
ANDE vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $566.0M |
| Net Profit | $67.4M | $-187.3M |
| Gross Margin | 70.3% | 50.4% |
| Operating Margin | 26.6% | -32.5% |
| Net Margin | 20.5% | -33.1% |
| Revenue YoY | -2.4% | -6.1% |
| Net Profit YoY | 49.6% | -310.0% |
| EPS (diluted) | — | $-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 | $329.5M | $566.0M | ||
| Q3 25 | $295.8M | $566.8M | ||
| Q2 25 | $535.0M | $589.1M | ||
| Q1 25 | $370.8M | $559.6M | ||
| Q4 24 | $337.5M | $602.5M | ||
| Q3 24 | $231.9M | $601.4M | ||
| Q2 24 | $492.5M | $604.6M | ||
| Q1 24 | $341.4M | $587.2M |
| Q4 25 | $67.4M | $-187.3M | ||
| Q3 25 | $20.1M | $43.3M | ||
| Q2 25 | $7.9M | $47.9M | ||
| Q1 25 | $284.0K | $43.1M | ||
| Q4 24 | $45.1M | $89.2M | ||
| Q3 24 | $27.4M | $-70.5M | ||
| Q2 24 | $36.0M | $-46.9M | ||
| Q1 24 | $5.6M | $56.2M |
| Q4 25 | 70.3% | 50.4% | ||
| Q3 25 | 57.8% | 49.7% | ||
| Q2 25 | 29.6% | 50.3% | ||
| Q1 25 | 41.2% | 53.7% | ||
| Q4 24 | 63.1% | 55.8% | ||
| Q3 24 | 76.4% | 53.5% | ||
| Q2 24 | 35.6% | 54.1% | ||
| Q1 24 | 37.6% | 54.0% |
| Q4 25 | 26.6% | -32.5% | ||
| Q3 25 | 8.7% | 21.0% | ||
| Q2 25 | 4.6% | 21.5% | ||
| Q1 25 | 0.9% | 21.3% | ||
| Q4 24 | 19.9% | 28.9% | ||
| Q3 24 | 26.8% | -5.9% | ||
| Q2 24 | 11.6% | -0.9% | ||
| Q1 24 | 4.1% | 22.1% |
| Q4 25 | 20.5% | -33.1% | ||
| Q3 25 | 6.8% | 7.6% | ||
| Q2 25 | 1.5% | 8.1% | ||
| Q1 25 | 0.1% | 7.7% | ||
| Q4 24 | 13.4% | 14.8% | ||
| Q3 24 | 11.8% | -11.7% | ||
| Q2 24 | 7.3% | -7.7% | ||
| Q1 24 | 1.6% | 9.6% |
| Q4 25 | — | $-1.02 | ||
| Q3 25 | $0.59 | $0.24 | ||
| Q2 25 | $0.23 | $0.26 | ||
| Q1 25 | $0.01 | $0.23 | ||
| Q4 24 | $1.31 | $0.48 | ||
| Q3 24 | $0.80 | $-0.37 | ||
| Q2 24 | $1.05 | $-0.25 | ||
| Q1 24 | $0.16 | $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 | $98.3M | $14.6M |
| Total DebtLower is stronger | $560.0M | $3.6B |
| Stockholders' EquityBook value | $1.2B | $856.3M |
| Total Assets | $3.7B | $5.8B |
| Debt / EquityLower = less leverage | 0.45× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $14.6M | ||
| Q3 25 | — | $14.8M | ||
| Q2 25 | — | $12.8M | ||
| Q1 25 | — | $10.7M | ||
| Q4 24 | $561.8M | $9.0M | ||
| Q3 24 | — | $11.0M | ||
| Q2 24 | — | $5.9M | ||
| Q1 24 | — | $13.1M |
| Q4 25 | $560.0M | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | $608.2M | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
| Q4 25 | $1.2B | $856.3M | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.3B | $1.3B |
| Q4 25 | $3.7B | $5.8B | ||
| Q3 25 | $3.3B | $6.1B | ||
| Q2 25 | $3.4B | $6.1B | ||
| Q1 25 | $3.8B | $6.0B | ||
| Q4 24 | $4.1B | $6.0B | ||
| Q3 24 | $3.4B | $6.0B | ||
| Q2 24 | $3.3B | $6.0B | ||
| Q1 24 | $3.3B | $6.2B |
| Q4 25 | 0.45× | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | 0.45× | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× | ||
| Q1 24 | — | 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 | $-6.2M | $158.9M |
| Free Cash FlowOCF − Capex | $-77.1M | $149.7M |
| FCF MarginFCF / Revenue | -23.4% | 26.5% |
| Capex IntensityCapex / Revenue | 21.5% | 1.6% |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $158.9M | ||
| Q3 25 | $233.9M | $191.2M | ||
| Q2 25 | $299.3M | $205.3M | ||
| Q1 25 | $-350.0M | $206.6M | ||
| Q4 24 | $268.8M | $178.9M | ||
| Q3 24 | $-2.1M | $-1.6M | ||
| Q2 24 | $304.4M | $175.6M | ||
| Q1 24 | $-239.6M | $208.7M |
| Q4 25 | $-77.1M | $149.7M | ||
| Q3 25 | $167.0M | $186.9M | ||
| Q2 25 | $250.5M | $199.0M | ||
| Q1 25 | $-396.6M | $202.0M | ||
| Q4 24 | $212.9M | $176.6M | ||
| Q3 24 | $-40.0M | $-4.9M | ||
| Q2 24 | $275.8M | $169.4M | ||
| Q1 24 | $-266.4M | $202.1M |
| Q4 25 | -23.4% | 26.5% | ||
| Q3 25 | 56.5% | 33.0% | ||
| Q2 25 | 46.8% | 33.8% | ||
| Q1 25 | -106.9% | 36.1% | ||
| Q4 24 | 63.1% | 29.3% | ||
| Q3 24 | -17.2% | -0.8% | ||
| Q2 24 | 56.0% | 28.0% | ||
| Q1 24 | -78.0% | 34.4% |
| Q4 25 | 21.5% | 1.6% | ||
| Q3 25 | 22.6% | 0.7% | ||
| Q2 25 | 9.1% | 1.1% | ||
| Q1 25 | 12.6% | 0.8% | ||
| Q4 24 | 16.6% | 0.4% | ||
| Q3 24 | 16.3% | 0.6% | ||
| Q2 24 | 5.8% | 1.0% | ||
| Q1 24 | 7.8% | 1.1% |
| Q4 25 | -0.09× | — | ||
| Q3 25 | 11.61× | 4.41× | ||
| Q2 25 | 38.10× | 4.28× | ||
| Q1 25 | -1232.46× | 4.80× | ||
| Q4 24 | 5.96× | 2.01× | ||
| Q3 24 | -0.08× | — | ||
| Q2 24 | 8.46× | — | ||
| Q1 24 | -42.94× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
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% |
