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Side-by-side financial comparison of DELUXE CORP (DLX) 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 $535.2M, roughly 1.1× DELUXE CORP). DELUXE CORP runs the higher net margin — 2.2% vs -33.1%, a 35.3% gap on every dollar of revenue. On growth, DELUXE CORP posted the faster year-over-year revenue change (2.8% vs -6.1%). Over the past eight quarters, DELUXE CORP's revenue compounded faster (0.0% CAGR vs -1.8%).
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
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.
DLX vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $566.0M |
| Net Profit | $12.0M | $-187.3M |
| Gross Margin | 52.2% | 50.4% |
| Operating Margin | 8.9% | -32.5% |
| Net Margin | 2.2% | -33.1% |
| Revenue YoY | 2.8% | -6.1% |
| Net Profit YoY | -5.0% | -310.0% |
| EPS (diluted) | $0.25 | $-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 | $535.2M | $566.0M | ||
| Q3 25 | $540.2M | $566.8M | ||
| Q2 25 | $521.3M | $589.1M | ||
| Q1 25 | $536.5M | $559.6M | ||
| Q4 24 | $520.6M | $602.5M | ||
| Q3 24 | $528.4M | $601.4M | ||
| Q2 24 | $537.8M | $604.6M | ||
| Q1 24 | $535.0M | $587.2M |
| Q4 25 | $12.0M | $-187.3M | ||
| Q3 25 | $33.7M | $43.3M | ||
| Q2 25 | $22.4M | $47.9M | ||
| Q1 25 | $14.0M | $43.1M | ||
| Q4 24 | $12.6M | $89.2M | ||
| Q3 24 | $8.9M | $-70.5M | ||
| Q2 24 | $20.5M | $-46.9M | ||
| Q1 24 | $10.8M | $56.2M |
| Q4 25 | 52.2% | 50.4% | ||
| Q3 25 | 53.9% | 49.7% | ||
| Q2 25 | 53.6% | 50.3% | ||
| Q1 25 | 52.4% | 53.7% | ||
| Q4 24 | 52.3% | 55.8% | ||
| Q3 24 | 53.3% | 53.5% | ||
| Q2 24 | 53.7% | 54.1% | ||
| Q1 24 | 53.0% | 54.0% |
| Q4 25 | 8.9% | -32.5% | ||
| Q3 25 | 14.0% | 21.0% | ||
| Q2 25 | 11.7% | 21.5% | ||
| Q1 25 | 9.0% | 21.3% | ||
| Q4 24 | 9.0% | 28.9% | ||
| Q3 24 | 7.9% | -5.9% | ||
| Q2 24 | 11.0% | -0.9% | ||
| Q1 24 | 8.3% | 22.1% |
| Q4 25 | 2.2% | -33.1% | ||
| Q3 25 | 6.2% | 7.6% | ||
| Q2 25 | 4.3% | 8.1% | ||
| Q1 25 | 2.6% | 7.7% | ||
| Q4 24 | 2.4% | 14.8% | ||
| Q3 24 | 1.7% | -11.7% | ||
| Q2 24 | 3.8% | -7.7% | ||
| Q1 24 | 2.0% | 9.6% |
| Q4 25 | $0.25 | $-1.02 | ||
| Q3 25 | $0.74 | $0.24 | ||
| Q2 25 | $0.50 | $0.26 | ||
| Q1 25 | $0.31 | $0.23 | ||
| Q4 24 | $0.28 | $0.48 | ||
| Q3 24 | $0.20 | $-0.37 | ||
| Q2 24 | $0.46 | $-0.25 | ||
| Q1 24 | $0.24 | $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 | $36.9M | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $680.7M | $856.3M |
| Total Assets | $2.9B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.9M | $14.6M | ||
| Q3 25 | $25.8M | $14.8M | ||
| Q2 25 | $26.0M | $12.8M | ||
| Q1 25 | $30.3M | $10.7M | ||
| Q4 24 | $34.4M | $9.0M | ||
| Q3 24 | $41.3M | $11.0M | ||
| Q2 24 | $23.1M | $5.9M | ||
| Q1 24 | $23.5M | $13.1M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
| Q4 25 | $680.7M | $856.3M | ||
| Q3 25 | $664.1M | $1.1B | ||
| Q2 25 | $638.7M | $1.0B | ||
| Q1 25 | $622.5M | $1.0B | ||
| Q4 24 | $620.9M | $1.0B | ||
| Q3 24 | $612.7M | $1.1B | ||
| Q2 24 | $620.5M | $1.2B | ||
| Q1 24 | $608.4M | $1.3B |
| Q4 25 | $2.9B | $5.8B | ||
| Q3 25 | $2.6B | $6.1B | ||
| Q2 25 | $2.5B | $6.1B | ||
| Q1 25 | $2.6B | $6.0B | ||
| Q4 24 | $2.8B | $6.0B | ||
| Q3 24 | $2.6B | $6.0B | ||
| Q2 24 | $2.7B | $6.0B | ||
| Q1 24 | $2.7B | $6.2B |
| Q4 25 | — | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 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 | $102.1M | $158.9M |
| Free Cash FlowOCF − Capex | — | $149.7M |
| FCF MarginFCF / Revenue | — | 26.5% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 8.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $102.1M | $158.9M | ||
| Q3 25 | $67.1M | $191.2M | ||
| Q2 25 | $51.1M | $205.3M | ||
| Q1 25 | $50.3M | $206.6M | ||
| Q4 24 | $60.2M | $178.9M | ||
| Q3 24 | $67.9M | $-1.6M | ||
| Q2 24 | $39.6M | $175.6M | ||
| Q1 24 | $26.6M | $208.7M |
| Q4 25 | — | $149.7M | ||
| Q3 25 | — | $186.9M | ||
| Q2 25 | $27.8M | $199.0M | ||
| Q1 25 | $24.3M | $202.0M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | $46.7M | $-4.9M | ||
| Q2 24 | $11.4M | $169.4M | ||
| Q1 24 | $6.1M | $202.1M |
| Q4 25 | — | 26.5% | ||
| Q3 25 | — | 33.0% | ||
| Q2 25 | 5.3% | 33.8% | ||
| Q1 25 | 4.5% | 36.1% | ||
| Q4 24 | — | 29.3% | ||
| Q3 24 | 8.8% | -0.8% | ||
| Q2 24 | 2.1% | 28.0% | ||
| Q1 24 | 1.1% | 34.4% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | 4.5% | 1.1% | ||
| Q1 25 | 4.8% | 0.8% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 4.0% | 0.6% | ||
| Q2 24 | 5.2% | 1.0% | ||
| Q1 24 | 3.8% | 1.1% |
| Q4 25 | 8.53× | — | ||
| Q3 25 | 1.99× | 4.41× | ||
| Q2 25 | 2.28× | 4.28× | ||
| Q1 25 | 3.59× | 4.80× | ||
| Q4 24 | 4.77× | 2.01× | ||
| Q3 24 | 7.60× | — | ||
| Q2 24 | 1.94× | — | ||
| Q1 24 | 2.46× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
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% |
