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Side-by-side financial comparison of Axos Financial, Inc. (AX) 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 $385.1M, roughly 1.5× Axos Financial, Inc.). Axos Financial, Inc. runs the higher net margin — 33.3% vs -33.1%, a 66.4% gap on every dollar of revenue. On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $85.4M). Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (14.3% CAGR vs -1.8%).
Axos Financial is an American bank holding company based in Las Vegas, Nevada and is the parent of Axos Bank, a direct bank. It also offers registered investment adviser services and an electronic trading platform.
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.
AX vs WSC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $566.0M |
| Net Profit | $128.4M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 45.6% | -32.5% |
| Net Margin | 33.3% | -33.1% |
| Revenue YoY | 25.1% | -6.1% |
| Net Profit YoY | 22.6% | -310.0% |
| EPS (diluted) | $2.22 | $-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 | $385.1M | $566.0M | ||
| Q3 25 | $323.4M | $566.8M | ||
| Q2 25 | $321.4M | $589.1M | ||
| Q1 25 | $308.8M | $559.6M | ||
| Q4 24 | $307.9M | $602.5M | ||
| Q3 24 | $320.7M | $601.4M | ||
| Q2 24 | $290.9M | $604.6M | ||
| Q1 24 | $294.8M | $587.2M |
| Q4 25 | $128.4M | $-187.3M | ||
| Q3 25 | $112.4M | $43.3M | ||
| Q2 25 | $110.7M | $47.9M | ||
| Q1 25 | $105.2M | $43.1M | ||
| Q4 24 | $104.7M | $89.2M | ||
| Q3 24 | $112.3M | $-70.5M | ||
| Q2 24 | $104.9M | $-46.9M | ||
| Q1 24 | $110.7M | $56.2M |
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% | ||
| Q1 24 | — | 54.0% |
| Q4 25 | 45.6% | -32.5% | ||
| Q3 25 | 46.3% | 21.0% | ||
| Q2 25 | 48.5% | 21.5% | ||
| Q1 25 | 47.9% | 21.3% | ||
| Q4 24 | 48.8% | 28.9% | ||
| Q3 24 | 49.6% | -5.9% | ||
| Q2 24 | 49.6% | -0.9% | ||
| Q1 24 | 52.8% | 22.1% |
| Q4 25 | 33.3% | -33.1% | ||
| Q3 25 | 34.7% | 7.6% | ||
| Q2 25 | 34.4% | 8.1% | ||
| Q1 25 | 34.1% | 7.7% | ||
| Q4 24 | 34.0% | 14.8% | ||
| Q3 24 | 35.0% | -11.7% | ||
| Q2 24 | 36.0% | -7.7% | ||
| Q1 24 | 37.6% | 9.6% |
| Q4 25 | $2.22 | $-1.02 | ||
| Q3 25 | $1.94 | $0.24 | ||
| Q2 25 | $1.89 | $0.26 | ||
| Q1 25 | $1.81 | $0.23 | ||
| Q4 24 | $1.80 | $0.48 | ||
| Q3 24 | $1.93 | $-0.37 | ||
| Q2 24 | $1.75 | $-0.25 | ||
| Q1 24 | $1.91 | $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 | $1.0B | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $2.9B | $856.3M |
| Total Assets | $28.2B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $14.6M | ||
| Q3 25 | $2.6B | $14.8M | ||
| Q2 25 | $1.9B | $12.8M | ||
| Q1 25 | $2.0B | $10.7M | ||
| Q4 24 | $2.4B | $9.0M | ||
| Q3 24 | $2.6B | $11.0M | ||
| Q2 24 | $2.0B | $5.9M | ||
| Q1 24 | $2.1B | $13.1M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | $312.7M | $3.7B | ||
| Q1 25 | $377.4M | $3.6B | ||
| Q4 24 | $358.7M | $3.7B | ||
| Q3 24 | $313.5M | $3.6B | ||
| Q2 24 | $325.7M | $3.5B | ||
| Q1 24 | $330.4M | $3.5B |
| Q4 25 | $2.9B | $856.3M | ||
| Q3 25 | $2.8B | $1.1B | ||
| Q2 25 | $2.7B | $1.0B | ||
| Q1 25 | $2.6B | $1.0B | ||
| Q4 24 | $2.5B | $1.0B | ||
| Q3 24 | $2.4B | $1.1B | ||
| Q2 24 | $2.3B | $1.2B | ||
| Q1 24 | $2.2B | $1.3B |
| Q4 25 | $28.2B | $5.8B | ||
| Q3 25 | $27.4B | $6.1B | ||
| Q2 25 | $24.8B | $6.1B | ||
| Q1 25 | $24.0B | $6.0B | ||
| Q4 24 | $23.7B | $6.0B | ||
| Q3 24 | $23.6B | $6.0B | ||
| Q2 24 | $22.9B | $6.0B | ||
| Q1 24 | $22.6B | $6.2B |
| Q4 25 | — | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | 0.12× | 3.55× | ||
| Q1 25 | 0.14× | 3.56× | ||
| Q4 24 | 0.14× | 3.62× | ||
| Q3 24 | 0.13× | 3.42× | ||
| Q2 24 | 0.14× | 2.88× | ||
| Q1 24 | 0.15× | 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 | $104.1M | $158.9M |
| Free Cash FlowOCF − Capex | $85.4M | $149.7M |
| FCF MarginFCF / Revenue | 22.2% | 26.5% |
| Capex IntensityCapex / Revenue | 4.9% | 1.6% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $695.9M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.1M | $158.9M | ||
| Q3 25 | $118.4M | $191.2M | ||
| Q2 25 | $490.3M | $205.3M | ||
| Q1 25 | $73.7M | $206.6M | ||
| Q4 24 | $162.5M | $178.9M | ||
| Q3 24 | $70.8M | $-1.6M | ||
| Q2 24 | $305.5M | $175.6M | ||
| Q1 24 | $115.8M | $208.7M |
| Q4 25 | $85.4M | $149.7M | ||
| Q3 25 | $109.3M | $186.9M | ||
| Q2 25 | $436.1M | $199.0M | ||
| Q1 25 | $65.1M | $202.0M | ||
| Q4 24 | $156.4M | $176.6M | ||
| Q3 24 | $53.0M | $-4.9M | ||
| Q2 24 | $269.5M | $169.4M | ||
| Q1 24 | $107.3M | $202.1M |
| Q4 25 | 22.2% | 26.5% | ||
| Q3 25 | 33.8% | 33.0% | ||
| Q2 25 | 135.7% | 33.8% | ||
| Q1 25 | 21.1% | 36.1% | ||
| Q4 24 | 50.8% | 29.3% | ||
| Q3 24 | 16.5% | -0.8% | ||
| Q2 24 | 92.6% | 28.0% | ||
| Q1 24 | 36.4% | 34.4% |
| Q4 25 | 4.9% | 1.6% | ||
| Q3 25 | 2.8% | 0.7% | ||
| Q2 25 | 16.9% | 1.1% | ||
| Q1 25 | 2.8% | 0.8% | ||
| Q4 24 | 2.0% | 0.4% | ||
| Q3 24 | 5.5% | 0.6% | ||
| Q2 24 | 12.4% | 1.0% | ||
| Q1 24 | 2.9% | 1.1% |
| Q4 25 | 0.81× | — | ||
| Q3 25 | 1.05× | 4.41× | ||
| Q2 25 | 4.43× | 4.28× | ||
| Q1 25 | 0.70× | 4.80× | ||
| Q4 24 | 1.55× | 2.01× | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | 2.91× | — | ||
| Q1 24 | 1.05× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
Segment breakdown not available.
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% |
