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Side-by-side financial comparison of Chefs' Warehouse, Inc. (CHEF) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
Chefs' Warehouse, Inc. is the larger business by last-quarter revenue ($1.1B vs $566.0M, roughly 1.9× WillScot Holdings Corp). Chefs' Warehouse, Inc. runs the higher net margin — 1.6% vs -33.1%, a 34.7% gap on every dollar of revenue. On growth, Chefs' Warehouse, Inc. posted the faster year-over-year revenue change (11.4% vs -6.1%). Over the past eight quarters, Chefs' Warehouse, Inc.'s revenue compounded faster (5.3% CAGR vs -1.8%).
Chefs' Warehouse, Inc. is a leading North American specialty food distributor that primarily serves independent restaurants, fine dining venues, hotels, catering firms, and other foodservice operators. It offers a curated portfolio of over 150,000 products including artisanal ingredients, specialty meats, seafood, dairy, pastries, and imported gourmet goods tailored for professional chefs.
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.
CHEF vs WSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $566.0M |
| Net Profit | $17.4M | $-187.3M |
| Gross Margin | 24.3% | 50.4% |
| Operating Margin | 3.1% | -32.5% |
| Net Margin | 1.6% | -33.1% |
| Revenue YoY | 11.4% | -6.1% |
| Net Profit YoY | 68.8% | -310.0% |
| EPS (diluted) | $0.40 | $-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 | $1.1B | — | ||
| Q4 25 | $1.1B | $566.0M | ||
| Q3 25 | $1.0B | $566.8M | ||
| Q2 25 | $1.0B | $589.1M | ||
| Q1 25 | $950.7M | $559.6M | ||
| Q4 24 | $1.0B | $602.5M | ||
| Q3 24 | $931.5M | $601.4M | ||
| Q2 24 | $954.7M | $604.6M |
| Q1 26 | $17.4M | — | ||
| Q4 25 | $21.7M | $-187.3M | ||
| Q3 25 | $19.1M | $43.3M | ||
| Q2 25 | $21.2M | $47.9M | ||
| Q1 25 | $10.3M | $43.1M | ||
| Q4 24 | $23.9M | $89.2M | ||
| Q3 24 | $14.1M | $-70.5M | ||
| Q2 24 | $15.5M | $-46.9M |
| Q1 26 | 24.3% | — | ||
| Q4 25 | 24.2% | 50.4% | ||
| Q3 25 | 24.2% | 49.7% | ||
| Q2 25 | 24.6% | 50.3% | ||
| Q1 25 | 23.8% | 53.7% | ||
| Q4 24 | 24.3% | 55.8% | ||
| Q3 24 | 24.1% | 53.5% | ||
| Q2 24 | 24.0% | 54.1% |
| Q1 26 | 3.1% | — | ||
| Q4 25 | 3.8% | -32.5% | ||
| Q3 25 | 3.8% | 21.0% | ||
| Q2 25 | 3.9% | 21.5% | ||
| Q1 25 | 2.4% | 21.3% | ||
| Q4 24 | 4.5% | 28.9% | ||
| Q3 24 | 3.4% | -5.9% | ||
| Q2 24 | 3.5% | -0.9% |
| Q1 26 | 1.6% | — | ||
| Q4 25 | 1.9% | -33.1% | ||
| Q3 25 | 1.9% | 7.6% | ||
| Q2 25 | 2.1% | 8.1% | ||
| Q1 25 | 1.1% | 7.7% | ||
| Q4 24 | 2.3% | 14.8% | ||
| Q3 24 | 1.5% | -11.7% | ||
| Q2 24 | 1.6% | -7.7% |
| Q1 26 | $0.40 | — | ||
| Q4 25 | $0.50 | $-1.02 | ||
| Q3 25 | $0.44 | $0.24 | ||
| Q2 25 | $0.49 | $0.26 | ||
| Q1 25 | $0.25 | $0.23 | ||
| Q4 24 | $0.56 | $0.48 | ||
| Q3 24 | $0.34 | $-0.37 | ||
| Q2 24 | $0.37 | $-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 | $122.7M | $14.6M |
| Total DebtLower is stronger | $750.4M | $3.6B |
| Stockholders' EquityBook value | $608.6M | $856.3M |
| Total Assets | $2.0B | $5.8B |
| Debt / EquityLower = less leverage | 1.23× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.7M | — | ||
| Q4 25 | $121.0M | $14.6M | ||
| Q3 25 | $65.1M | $14.8M | ||
| Q2 25 | $96.9M | $12.8M | ||
| Q1 25 | $116.5M | $10.7M | ||
| Q4 24 | $114.7M | $9.0M | ||
| Q3 24 | $50.7M | $11.0M | ||
| Q2 24 | $38.3M | $5.9M |
| Q1 26 | $750.4M | — | ||
| Q4 25 | $720.3M | $3.6B | ||
| Q3 25 | $711.7M | $3.6B | ||
| Q2 25 | $690.2M | $3.7B | ||
| Q1 25 | $681.1M | $3.6B | ||
| Q4 24 | $688.7M | $3.7B | ||
| Q3 24 | $666.6M | $3.6B | ||
| Q2 24 | $660.8M | $3.5B |
| Q1 26 | $608.6M | — | ||
| Q4 25 | $604.3M | $856.3M | ||
| Q3 25 | $576.6M | $1.1B | ||
| Q2 25 | $557.7M | $1.0B | ||
| Q1 25 | $541.6M | $1.0B | ||
| Q4 24 | $537.6M | $1.0B | ||
| Q3 24 | $480.3M | $1.1B | ||
| Q2 24 | $461.9M | $1.2B |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $5.8B | ||
| Q3 25 | $1.9B | $6.1B | ||
| Q2 25 | $1.9B | $6.1B | ||
| Q1 25 | $1.8B | $6.0B | ||
| Q4 24 | $1.9B | $6.0B | ||
| Q3 24 | $1.8B | $6.0B | ||
| Q2 24 | $1.7B | $6.0B |
| Q1 26 | 1.23× | — | ||
| Q4 25 | 1.19× | 4.15× | ||
| Q3 25 | 1.23× | 3.39× | ||
| Q2 25 | 1.24× | 3.55× | ||
| Q1 25 | 1.26× | 3.56× | ||
| Q4 24 | 1.28× | 3.62× | ||
| Q3 24 | 1.39× | 3.42× | ||
| Q2 24 | 1.43× | 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 | $38.3M | $158.9M |
| Free Cash FlowOCF − Capex | — | $149.7M |
| FCF MarginFCF / Revenue | — | 26.5% |
| Capex IntensityCapex / Revenue | 0.7% | 1.6% |
| Cash ConversionOCF / Net Profit | 2.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $38.3M | — | ||
| Q4 25 | $73.9M | $158.9M | ||
| Q3 25 | $-8.7M | $191.2M | ||
| Q2 25 | $14.5M | $205.3M | ||
| Q1 25 | $49.6M | $206.6M | ||
| Q4 24 | $73.0M | $178.9M | ||
| Q3 24 | $19.8M | $-1.6M | ||
| Q2 24 | $29.3M | $175.6M |
| Q1 26 | — | — | ||
| Q4 25 | $65.8M | $149.7M | ||
| Q3 25 | $-19.7M | $186.9M | ||
| Q2 25 | $4.5M | $199.0M | ||
| Q1 25 | $37.2M | $202.0M | ||
| Q4 24 | $64.6M | $176.6M | ||
| Q3 24 | $11.8M | $-4.9M | ||
| Q2 24 | $13.3M | $169.4M |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 26.5% | ||
| Q3 25 | -1.9% | 33.0% | ||
| Q2 25 | 0.4% | 33.8% | ||
| Q1 25 | 3.9% | 36.1% | ||
| Q4 24 | 6.3% | 29.3% | ||
| Q3 24 | 1.3% | -0.8% | ||
| Q2 24 | 1.4% | 28.0% |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 0.7% | 1.6% | ||
| Q3 25 | 1.1% | 0.7% | ||
| Q2 25 | 1.0% | 1.1% | ||
| Q1 25 | 1.3% | 0.8% | ||
| Q4 24 | 0.8% | 0.4% | ||
| Q3 24 | 0.9% | 0.6% | ||
| Q2 24 | 1.7% | 1.0% |
| Q1 26 | 2.20× | — | ||
| Q4 25 | 3.41× | — | ||
| Q3 25 | -0.46× | 4.41× | ||
| Q2 25 | 0.68× | 4.28× | ||
| Q1 25 | 4.82× | 4.80× | ||
| Q4 24 | 3.05× | 2.01× | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 1.89× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CHEF
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% |
