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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
BREAD FINANCIAL HOLDINGS, INC. is the larger business by last-quarter revenue ($975.0M vs $566.0M, roughly 1.7× WillScot Holdings Corp). On growth, BREAD FINANCIAL HOLDINGS, INC. posted the faster year-over-year revenue change (5.4% vs -6.1%). Over the past eight quarters, BREAD FINANCIAL HOLDINGS, INC.'s revenue compounded faster (-0.8% CAGR vs -1.8%).
Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.
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.
BFH vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $566.0M |
| Net Profit | — | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 4.9% | -32.5% |
| Net Margin | — | -33.1% |
| Revenue YoY | 5.4% | -6.1% |
| Net Profit YoY | — | -310.0% |
| EPS (diluted) | $1.21 | $-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 | $975.0M | $566.0M | ||
| Q3 25 | $971.0M | $566.8M | ||
| Q2 25 | $929.0M | $589.1M | ||
| Q1 25 | $970.0M | $559.6M | ||
| Q4 24 | $925.0M | $602.5M | ||
| Q3 24 | $983.0M | $601.4M | ||
| Q2 24 | $939.0M | $604.6M | ||
| Q1 24 | $991.0M | $587.2M |
| Q4 25 | — | $-187.3M | ||
| Q3 25 | $188.0M | $43.3M | ||
| Q2 25 | $139.0M | $47.9M | ||
| Q1 25 | $138.0M | $43.1M | ||
| Q4 24 | — | $89.2M | ||
| Q3 24 | $2.0M | $-70.5M | ||
| Q2 24 | $133.0M | $-46.9M | ||
| Q1 24 | $134.0M | $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 | 4.9% | -32.5% | ||
| Q3 25 | 20.2% | 21.0% | ||
| Q2 25 | 18.7% | 21.5% | ||
| Q1 25 | 20.3% | 21.3% | ||
| Q4 24 | -2.9% | 28.9% | ||
| Q3 24 | 4.1% | -5.9% | ||
| Q2 24 | 19.2% | -0.9% | ||
| Q1 24 | 19.0% | 22.1% |
| Q4 25 | — | -33.1% | ||
| Q3 25 | 19.4% | 7.6% | ||
| Q2 25 | 15.0% | 8.1% | ||
| Q1 25 | 14.2% | 7.7% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | 0.2% | -11.7% | ||
| Q2 24 | 14.2% | -7.7% | ||
| Q1 24 | 13.5% | 9.6% |
| Q4 25 | $1.21 | $-1.02 | ||
| Q3 25 | $3.96 | $0.24 | ||
| Q2 25 | $2.94 | $0.26 | ||
| Q1 25 | $2.78 | $0.23 | ||
| Q4 24 | $0.08 | $0.48 | ||
| Q3 24 | $0.05 | $-0.37 | ||
| Q2 24 | $2.66 | $-0.25 | ||
| Q1 24 | $2.70 | $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 | $3.6B | $14.6M |
| Total DebtLower is stronger | $4.3B | $3.6B |
| Stockholders' EquityBook value | $3.3B | $856.3M |
| Total Assets | $22.7B | $5.8B |
| Debt / EquityLower = less leverage | 1.29× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.6B | $14.6M | ||
| Q3 25 | $3.8B | $14.8M | ||
| Q2 25 | $3.8B | $12.8M | ||
| Q1 25 | $4.2B | $10.7M | ||
| Q4 24 | $4.0B | $9.0M | ||
| Q3 24 | $3.5B | $11.0M | ||
| Q2 24 | $4.1B | $5.9M | ||
| Q1 24 | $3.8B | $13.1M |
| Q4 25 | $4.3B | $3.6B | ||
| Q3 25 | $3.8B | $3.6B | ||
| Q2 25 | $4.2B | $3.7B | ||
| Q1 25 | $5.1B | $3.6B | ||
| Q4 24 | $5.6B | $3.7B | ||
| Q3 24 | $4.6B | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
| Q4 25 | $3.3B | $856.3M | ||
| Q3 25 | $3.3B | $1.1B | ||
| Q2 25 | $3.2B | $1.0B | ||
| Q1 25 | $3.1B | $1.0B | ||
| Q4 24 | $3.1B | $1.0B | ||
| Q3 24 | $3.1B | $1.1B | ||
| Q2 24 | $3.2B | $1.2B | ||
| Q1 24 | $3.0B | $1.3B |
| Q4 25 | $22.7B | $5.8B | ||
| Q3 25 | $21.7B | $6.1B | ||
| Q2 25 | $21.8B | $6.1B | ||
| Q1 25 | $22.4B | $6.0B | ||
| Q4 24 | $22.9B | $6.0B | ||
| Q3 24 | $21.7B | $6.0B | ||
| Q2 24 | $22.1B | $6.0B | ||
| Q1 24 | $22.3B | $6.2B |
| Q4 25 | 1.29× | 4.15× | ||
| Q3 25 | 1.14× | 3.39× | ||
| Q2 25 | 1.34× | 3.55× | ||
| Q1 25 | 1.67× | 3.56× | ||
| Q4 24 | 1.82× | 3.62× | ||
| Q3 24 | 1.47× | 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 | $568.0M | $158.9M |
| Free Cash FlowOCF − Capex | — | $149.7M |
| FCF MarginFCF / Revenue | — | 26.5% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $568.0M | $158.9M | ||
| Q3 25 | $605.0M | $191.2M | ||
| Q2 25 | $526.0M | $205.3M | ||
| Q1 25 | $393.0M | $206.6M | ||
| Q4 24 | $479.0M | $178.9M | ||
| Q3 24 | $456.0M | $-1.6M | ||
| Q2 24 | $477.0M | $175.6M | ||
| Q1 24 | $447.0M | $208.7M |
| Q4 25 | — | $149.7M | ||
| Q3 25 | — | $186.9M | ||
| Q2 25 | — | $199.0M | ||
| Q1 25 | — | $202.0M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | — | $-4.9M | ||
| Q2 24 | — | $169.4M | ||
| Q1 24 | — | $202.1M |
| Q4 25 | — | 26.5% | ||
| Q3 25 | — | 33.0% | ||
| Q2 25 | — | 33.8% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 29.3% | ||
| Q3 24 | — | -0.8% | ||
| Q2 24 | — | 28.0% | ||
| Q1 24 | — | 34.4% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | 3.22× | 4.41× | ||
| Q2 25 | 3.78× | 4.28× | ||
| Q1 25 | 2.85× | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | 228.00× | — | ||
| Q2 24 | 3.59× | — | ||
| Q1 24 | 3.34× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFH
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% |
