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Side-by-side financial comparison of Celsius Holdings, Inc. (CELH) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
Celsius Holdings, Inc. is the larger business by last-quarter revenue ($721.6M vs $566.0M, roughly 1.3× WillScot Holdings Corp). Celsius Holdings, Inc. runs the higher net margin — 3.4% vs -33.1%, a 36.5% gap on every dollar of revenue. On growth, Celsius Holdings, Inc. posted the faster year-over-year revenue change (117.2% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $-130.0M). Over the past eight quarters, Celsius Holdings, Inc.'s revenue compounded faster (42.4% CAGR vs -1.8%).
Celsius Holdings, Inc. is an American company that produces a range of fitness and energy drinks under the brand name Celsius. The company's products are marketed as healthy, to which the CEO attributes the brand's success.
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.
CELH vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $721.6M | $566.0M |
| Net Profit | $24.7M | $-187.3M |
| Gross Margin | 47.4% | 50.4% |
| Operating Margin | 3.6% | -32.5% |
| Net Margin | 3.4% | -33.1% |
| Revenue YoY | 117.2% | -6.1% |
| Net Profit YoY | 231.1% | -310.0% |
| EPS (diluted) | $0.04 | $-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 | $721.6M | $566.0M | ||
| Q3 25 | $725.1M | $566.8M | ||
| Q2 25 | $739.3M | $589.1M | ||
| Q1 25 | $329.3M | $559.6M | ||
| Q4 24 | $332.2M | $602.5M | ||
| Q3 24 | $265.7M | $601.4M | ||
| Q2 24 | $402.0M | $604.6M | ||
| Q1 24 | $355.7M | $587.2M |
| Q4 25 | $24.7M | $-187.3M | ||
| Q3 25 | $-61.0M | $43.3M | ||
| Q2 25 | $99.9M | $47.9M | ||
| Q1 25 | $44.4M | $43.1M | ||
| Q4 24 | $-18.9M | $89.2M | ||
| Q3 24 | $6.4M | $-70.5M | ||
| Q2 24 | $79.8M | $-46.9M | ||
| Q1 24 | $77.8M | $56.2M |
| Q4 25 | 47.4% | 50.4% | ||
| Q3 25 | 51.3% | 49.7% | ||
| Q2 25 | 51.5% | 50.3% | ||
| Q1 25 | 52.3% | 53.7% | ||
| Q4 24 | 50.2% | 55.8% | ||
| Q3 24 | 46.0% | 53.5% | ||
| Q2 24 | 52.0% | 54.1% | ||
| Q1 24 | 51.2% | 54.0% |
| Q4 25 | 3.6% | -32.5% | ||
| Q3 25 | -11.0% | 21.0% | ||
| Q2 25 | 19.3% | 21.5% | ||
| Q1 25 | 15.8% | 21.3% | ||
| Q4 24 | -5.6% | 28.9% | ||
| Q3 24 | -1.2% | -5.9% | ||
| Q2 24 | 23.4% | -0.9% | ||
| Q1 24 | 23.4% | 22.1% |
| Q4 25 | 3.4% | -33.1% | ||
| Q3 25 | -8.4% | 7.6% | ||
| Q2 25 | 13.5% | 8.1% | ||
| Q1 25 | 13.5% | 7.7% | ||
| Q4 24 | -5.7% | 14.8% | ||
| Q3 24 | 2.4% | -11.7% | ||
| Q2 24 | 19.8% | -7.7% | ||
| Q1 24 | 21.9% | 9.6% |
| Q4 25 | $0.04 | $-1.02 | ||
| Q3 25 | $-0.27 | $0.24 | ||
| Q2 25 | $0.33 | $0.26 | ||
| Q1 25 | $0.15 | $0.23 | ||
| Q4 24 | $-0.10 | $0.48 | ||
| Q3 24 | $0.00 | $-0.37 | ||
| Q2 24 | $0.28 | $-0.25 | ||
| Q1 24 | $0.27 | $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 | $398.9M | $14.6M |
| Total DebtLower is stronger | $676.9M | $3.6B |
| Stockholders' EquityBook value | $1.2B | $856.3M |
| Total Assets | $5.1B | $5.8B |
| Debt / EquityLower = less leverage | 0.57× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $398.9M | $14.6M | ||
| Q3 25 | $806.0M | $14.8M | ||
| Q2 25 | $615.2M | $12.8M | ||
| Q1 25 | $977.3M | $10.7M | ||
| Q4 24 | $890.2M | $9.0M | ||
| Q3 24 | $903.7M | $11.0M | ||
| Q2 24 | $903.2M | $5.9M | ||
| Q1 24 | $879.5M | $13.1M |
| Q4 25 | $676.9M | $3.6B | ||
| Q3 25 | $870.5M | $3.6B | ||
| Q2 25 | $871.9M | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $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 | $1.3B | $1.0B | ||
| Q1 25 | $443.1M | $1.0B | ||
| Q4 24 | $399.9M | $1.0B | ||
| Q3 24 | $423.6M | $1.1B | ||
| Q2 24 | $415.8M | $1.2B | ||
| Q1 24 | $338.2M | $1.3B |
| Q4 25 | $5.1B | $5.8B | ||
| Q3 25 | $5.3B | $6.1B | ||
| Q2 25 | $3.8B | $6.1B | ||
| Q1 25 | $1.9B | $6.0B | ||
| Q4 24 | $1.8B | $6.0B | ||
| Q3 24 | $1.7B | $6.0B | ||
| Q2 24 | $1.7B | $6.0B | ||
| Q1 24 | $1.6B | $6.2B |
| Q4 25 | 0.57× | 4.15× | ||
| Q3 25 | 0.72× | 3.39× | ||
| Q2 25 | 0.69× | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | — | 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 | $-119.4M | $158.9M |
| Free Cash FlowOCF − Capex | $-130.0M | $149.7M |
| FCF MarginFCF / Revenue | -18.0% | 26.5% |
| Capex IntensityCapex / Revenue | 1.5% | 1.6% |
| Cash ConversionOCF / Net Profit | -4.83× | — |
| TTM Free Cash FlowTrailing 4 quarters | $323.4M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-119.4M | $158.9M | ||
| Q3 25 | $331.8M | $191.2M | ||
| Q2 25 | $43.7M | $205.3M | ||
| Q1 25 | $103.4M | $206.6M | ||
| Q4 24 | $75.7M | $178.9M | ||
| Q3 24 | $12.9M | $-1.6M | ||
| Q2 24 | $39.6M | $175.6M | ||
| Q1 24 | $134.6M | $208.7M |
| Q4 25 | $-130.0M | $149.7M | ||
| Q3 25 | $321.5M | $186.9M | ||
| Q2 25 | $35.5M | $199.0M | ||
| Q1 25 | $96.4M | $202.0M | ||
| Q4 24 | $70.3M | $176.6M | ||
| Q3 24 | $8.7M | $-4.9M | ||
| Q2 24 | $30.4M | $169.4M | ||
| Q1 24 | $130.1M | $202.1M |
| Q4 25 | -18.0% | 26.5% | ||
| Q3 25 | 44.3% | 33.0% | ||
| Q2 25 | 4.8% | 33.8% | ||
| Q1 25 | 29.3% | 36.1% | ||
| Q4 24 | 21.2% | 29.3% | ||
| Q3 24 | 3.3% | -0.8% | ||
| Q2 24 | 7.6% | 28.0% | ||
| Q1 24 | 36.6% | 34.4% |
| Q4 25 | 1.5% | 1.6% | ||
| Q3 25 | 1.4% | 0.7% | ||
| Q2 25 | 1.1% | 1.1% | ||
| Q1 25 | 2.1% | 0.8% | ||
| Q4 24 | 1.6% | 0.4% | ||
| Q3 24 | 1.6% | 0.6% | ||
| Q2 24 | 2.3% | 1.0% | ||
| Q1 24 | 1.3% | 1.1% |
| Q4 25 | -4.83× | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | 0.44× | 4.28× | ||
| Q1 25 | 2.33× | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | 2.03× | — | ||
| Q2 24 | 0.50× | — | ||
| Q1 24 | 1.73× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CELH
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% |
