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Side-by-side financial comparison of BENCHMARK ELECTRONICS INC (BHE) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
BENCHMARK ELECTRONICS INC is the larger business by last-quarter revenue ($677.3M vs $566.0M, roughly 1.2× WillScot Holdings Corp). BENCHMARK ELECTRONICS INC runs the higher net margin — 1.9% vs -33.1%, a 35.0% gap on every dollar of revenue. On growth, BENCHMARK ELECTRONICS INC posted the faster year-over-year revenue change (11.4% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $48.1M). Over the past eight quarters, BENCHMARK ELECTRONICS INC's revenue compounded faster (-0.7% CAGR vs -1.8%).
Benchmark Electronics Inc is an EMS, ODM, and OEM company based in Tempe, Arizona in the Phoenix metropolitan area. It provides contract manufacturing services.
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.
BHE vs WSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $677.3M | $566.0M |
| Net Profit | $13.0M | $-187.3M |
| Gross Margin | 10.2% | 50.4% |
| Operating Margin | 3.2% | -32.5% |
| Net Margin | 1.9% | -33.1% |
| Revenue YoY | 11.4% | -6.1% |
| Net Profit YoY | 257.4% | -310.0% |
| EPS (diluted) | $0.17 | $-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.
| Q1 26 | $677.3M | — | ||
| Q4 25 | $725.8M | $566.0M | ||
| Q3 25 | $702.6M | $566.8M | ||
| Q2 25 | $665.7M | $589.1M | ||
| Q1 25 | $654.6M | $559.6M | ||
| Q4 24 | $683.6M | $602.5M | ||
| Q3 24 | $680.0M | $601.4M | ||
| Q2 24 | $686.7M | $604.6M |
| Q1 26 | $13.0M | — | ||
| Q4 25 | — | $-187.3M | ||
| Q3 25 | $14.3M | $43.3M | ||
| Q2 25 | $972.0K | $47.9M | ||
| Q1 25 | $3.6M | $43.1M | ||
| Q4 24 | — | $89.2M | ||
| Q3 24 | $15.4M | $-70.5M | ||
| Q2 24 | $15.5M | $-46.9M |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 10.2% | 50.4% | ||
| Q3 25 | 9.7% | 49.7% | ||
| Q2 25 | 9.7% | 50.3% | ||
| Q1 25 | 9.7% | 53.7% | ||
| Q4 24 | 9.9% | 55.8% | ||
| Q3 24 | 9.8% | 53.5% | ||
| Q2 24 | 9.9% | 54.1% |
| Q1 26 | 3.2% | — | ||
| Q4 25 | 2.8% | -32.5% | ||
| Q3 25 | 3.4% | 21.0% | ||
| Q2 25 | 3.1% | 21.5% | ||
| Q1 25 | 1.8% | 21.3% | ||
| Q4 24 | 4.2% | 28.9% | ||
| Q3 24 | 4.1% | -5.9% | ||
| Q2 24 | 4.0% | -0.9% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | -33.1% | ||
| Q3 25 | 2.0% | 7.6% | ||
| Q2 25 | 0.1% | 8.1% | ||
| Q1 25 | 0.6% | 7.7% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | 2.3% | -11.7% | ||
| Q2 24 | 2.3% | -7.7% |
| Q1 26 | $0.17 | — | ||
| Q4 25 | $0.16 | $-1.02 | ||
| Q3 25 | $0.39 | $0.24 | ||
| Q2 25 | $0.03 | $0.26 | ||
| Q1 25 | $0.10 | $0.23 | ||
| Q4 24 | $0.43 | $0.48 | ||
| Q3 24 | $0.42 | $-0.37 | ||
| Q2 24 | $0.43 | $-0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $324.9M | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | — | $856.3M |
| Total Assets | $2.1B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $324.9M | — | ||
| Q4 25 | $322.1M | $14.6M | ||
| Q3 25 | $285.4M | $14.8M | ||
| Q2 25 | $264.6M | $12.8M | ||
| Q1 25 | $355.3M | $10.7M | ||
| Q4 24 | $315.2M | $9.0M | ||
| Q3 24 | $324.4M | $11.0M | ||
| Q2 24 | $309.3M | $5.9M |
| Q1 26 | — | — | ||
| Q4 25 | $206.8M | $3.6B | ||
| Q3 25 | $212.6M | $3.6B | ||
| Q2 25 | $203.4M | $3.7B | ||
| Q1 25 | $268.9M | $3.6B | ||
| Q4 24 | $250.5M | $3.7B | ||
| Q3 24 | $272.0M | $3.6B | ||
| Q2 24 | $283.6M | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $856.3M | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.1B | $1.2B |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $5.8B | ||
| Q3 25 | $2.1B | $6.1B | ||
| Q2 25 | $2.0B | $6.1B | ||
| Q1 25 | $2.1B | $6.0B | ||
| Q4 24 | $2.1B | $6.0B | ||
| Q3 24 | $2.1B | $6.0B | ||
| Q2 24 | $2.2B | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | 4.15× | ||
| Q3 25 | 0.19× | 3.39× | ||
| Q2 25 | 0.18× | 3.55× | ||
| Q1 25 | 0.24× | 3.56× | ||
| Q4 24 | 0.23× | 3.62× | ||
| Q3 24 | 0.25× | 3.42× | ||
| Q2 24 | 0.26× | 2.88× |
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 | $47.0M | $158.9M |
| Free Cash FlowOCF − Capex | $48.1M | $149.7M |
| FCF MarginFCF / Revenue | 7.1% | 26.5% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 3.61× | — |
| TTM Free Cash FlowTrailing 4 quarters | $108.3M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.0M | — | ||
| Q4 25 | $58.7M | $158.9M | ||
| Q3 25 | $36.6M | $191.2M | ||
| Q2 25 | $-2.8M | $205.3M | ||
| Q1 25 | $31.5M | $206.6M | ||
| Q4 24 | $45.9M | $178.9M | ||
| Q3 24 | $39.0M | $-1.6M | ||
| Q2 24 | $55.8M | $175.6M |
| Q1 26 | $48.1M | — | ||
| Q4 25 | $48.2M | $149.7M | ||
| Q3 25 | $25.8M | $186.9M | ||
| Q2 25 | $-13.8M | $199.0M | ||
| Q1 25 | $28.1M | $202.0M | ||
| Q4 24 | $37.2M | $176.6M | ||
| Q3 24 | $29.2M | $-4.9M | ||
| Q2 24 | $48.2M | $169.4M |
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.6% | 26.5% | ||
| Q3 25 | 3.7% | 33.0% | ||
| Q2 25 | -2.1% | 33.8% | ||
| Q1 25 | 4.3% | 36.1% | ||
| Q4 24 | 5.4% | 29.3% | ||
| Q3 24 | 4.3% | -0.8% | ||
| Q2 24 | 7.0% | 28.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 1.6% | ||
| Q3 25 | 1.5% | 0.7% | ||
| Q2 25 | 1.7% | 1.1% | ||
| Q1 25 | 0.5% | 0.8% | ||
| Q4 24 | 1.3% | 0.4% | ||
| Q3 24 | 1.4% | 0.6% | ||
| Q2 24 | 1.1% | 1.0% |
| Q1 26 | 3.61× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.57× | 4.41× | ||
| Q2 25 | -2.90× | 4.28× | ||
| Q1 25 | 8.65× | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | 2.54× | — | ||
| Q2 24 | 3.59× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BHE
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% |
