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Side-by-side financial comparison of Driven Brands Holdings Inc. (DRVN) 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 $535.7M, roughly 1.1× Driven Brands Holdings Inc.). Driven Brands Holdings Inc. runs the higher net margin — 11.4% vs -33.1%, a 44.5% gap on every dollar of revenue. On growth, Driven Brands Holdings Inc. posted the faster year-over-year revenue change (6.6% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $39.5M). Over the past eight quarters, WillScot Holdings Corp's revenue compounded faster (-1.8% CAGR vs -4.0%).
Standard Brands was a packaged foods company, formed in 1929 by J. P. Morgan & Co. with the merger of:Fleischmann Company Royal Baking Powder Company E. W. Gillett Company of Canada (1929) - Toronto-based baking goods company founded by P. W. Gillett in 1852 Widlar Food Products Company Chase & Sanborn Coffee Company
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.
DRVN vs WSC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $535.7M | $566.0M |
| Net Profit | $60.9M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 11.6% | -32.5% |
| Net Margin | 11.4% | -33.1% |
| Revenue YoY | 6.6% | -6.1% |
| Net Profit YoY | 507.2% | -310.0% |
| EPS (diluted) | $0.37 | $-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 | — | $566.0M | ||
| Q3 25 | $535.7M | $566.8M | ||
| Q2 25 | $551.0M | $589.1M | ||
| Q1 25 | $516.2M | $559.6M | ||
| Q4 24 | $836.5M | $602.5M | ||
| Q3 24 | $502.3M | $601.4M | ||
| Q2 24 | $518.8M | $604.6M | ||
| Q1 24 | $482.0M | $587.2M |
| Q4 25 | — | $-187.3M | ||
| Q3 25 | $60.9M | $43.3M | ||
| Q2 25 | $47.6M | $47.9M | ||
| Q1 25 | $5.5M | $43.1M | ||
| Q4 24 | $-312.0M | $89.2M | ||
| Q3 24 | $-14.9M | $-70.5M | ||
| Q2 24 | $30.2M | $-46.9M | ||
| Q1 24 | $4.3M | $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 | — | -32.5% | ||
| Q3 25 | 11.6% | 21.0% | ||
| Q2 25 | 6.9% | 21.5% | ||
| Q1 25 | 11.9% | 21.3% | ||
| Q4 24 | -41.6% | 28.9% | ||
| Q3 24 | 9.9% | -5.9% | ||
| Q2 24 | 17.4% | -0.9% | ||
| Q1 24 | 14.1% | 22.1% |
| Q4 25 | — | -33.1% | ||
| Q3 25 | 11.4% | 7.6% | ||
| Q2 25 | 8.6% | 8.1% | ||
| Q1 25 | 1.1% | 7.7% | ||
| Q4 24 | -37.3% | 14.8% | ||
| Q3 24 | -3.0% | -11.7% | ||
| Q2 24 | 5.8% | -7.7% | ||
| Q1 24 | 0.9% | 9.6% |
| Q4 25 | — | $-1.02 | ||
| Q3 25 | $0.37 | $0.24 | ||
| Q2 25 | $0.29 | $0.26 | ||
| Q1 25 | $0.04 | $0.23 | ||
| Q4 24 | $-1.93 | $0.48 | ||
| Q3 24 | $-0.09 | $-0.37 | ||
| Q2 24 | $0.18 | $-0.25 | ||
| Q1 24 | $0.02 | $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 | $162.0M | $14.6M |
| Total DebtLower is stronger | $1.9B | $3.6B |
| Stockholders' EquityBook value | $793.5M | $856.3M |
| Total Assets | $4.2B | $5.8B |
| Debt / EquityLower = less leverage | 2.44× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.6M | ||
| Q3 25 | $162.0M | $14.8M | ||
| Q2 25 | $166.1M | $12.8M | ||
| Q1 25 | $152.0M | $10.7M | ||
| Q4 24 | $149.6M | $9.0M | ||
| Q3 24 | $204.2M | $11.0M | ||
| Q2 24 | $148.8M | $5.9M | ||
| Q1 24 | $165.5M | $13.1M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | $1.9B | $3.6B | ||
| Q2 25 | $2.1B | $3.7B | ||
| Q1 25 | $2.6B | $3.6B | ||
| Q4 24 | $2.7B | $3.7B | ||
| Q3 24 | $2.7B | $3.6B | ||
| Q2 24 | $2.9B | $3.5B | ||
| Q1 24 | $2.9B | $3.5B |
| Q4 25 | — | $856.3M | ||
| Q3 25 | $793.5M | $1.1B | ||
| Q2 25 | $743.4M | $1.0B | ||
| Q1 25 | $643.2M | $1.0B | ||
| Q4 24 | $607.3M | $1.0B | ||
| Q3 24 | $962.8M | $1.1B | ||
| Q2 24 | $942.8M | $1.2B | ||
| Q1 24 | $906.2M | $1.3B |
| Q4 25 | — | $5.8B | ||
| Q3 25 | $4.2B | $6.1B | ||
| Q2 25 | $4.3B | $6.1B | ||
| Q1 25 | $5.3B | $6.0B | ||
| Q4 24 | $5.3B | $6.0B | ||
| Q3 24 | $5.8B | $6.0B | ||
| Q2 24 | $5.8B | $6.0B | ||
| Q1 24 | $5.9B | $6.2B |
| Q4 25 | — | 4.15× | ||
| Q3 25 | 2.44× | 3.39× | ||
| Q2 25 | 2.82× | 3.55× | ||
| Q1 25 | 4.07× | 3.56× | ||
| Q4 24 | 4.37× | 3.62× | ||
| Q3 24 | 2.84× | 3.42× | ||
| Q2 24 | 3.03× | 2.88× | ||
| Q1 24 | 3.21× | 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 | $79.2M | $158.9M |
| Free Cash FlowOCF − Capex | $39.5M | $149.7M |
| FCF MarginFCF / Revenue | 7.4% | 26.5% |
| Capex IntensityCapex / Revenue | 7.4% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $31.1M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $158.9M | ||
| Q3 25 | $79.2M | $191.2M | ||
| Q2 25 | $80.4M | $205.3M | ||
| Q1 25 | $75.1M | $206.6M | ||
| Q4 24 | $32.9M | $178.9M | ||
| Q3 24 | $101.3M | $-1.6M | ||
| Q2 24 | $46.9M | $175.6M | ||
| Q1 24 | $60.3M | $208.7M |
| Q4 25 | — | $149.7M | ||
| Q3 25 | $39.5M | $186.9M | ||
| Q2 25 | $9.0M | $199.0M | ||
| Q1 25 | $18.9M | $202.0M | ||
| Q4 24 | $-36.3M | $176.6M | ||
| Q3 24 | $37.9M | $-4.9M | ||
| Q2 24 | $-19.5M | $169.4M | ||
| Q1 24 | $-29.2M | $202.1M |
| Q4 25 | — | 26.5% | ||
| Q3 25 | 7.4% | 33.0% | ||
| Q2 25 | 1.6% | 33.8% | ||
| Q1 25 | 3.7% | 36.1% | ||
| Q4 24 | -4.3% | 29.3% | ||
| Q3 24 | 7.5% | -0.8% | ||
| Q2 24 | -3.8% | 28.0% | ||
| Q1 24 | -6.1% | 34.4% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | 7.4% | 0.7% | ||
| Q2 25 | 13.0% | 1.1% | ||
| Q1 25 | 10.9% | 0.8% | ||
| Q4 24 | 8.3% | 0.4% | ||
| Q3 24 | 12.6% | 0.6% | ||
| Q2 24 | 12.8% | 1.0% | ||
| Q1 24 | 18.6% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | 1.30× | 4.41× | ||
| Q2 25 | 1.69× | 4.28× | ||
| Q1 25 | 13.65× | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.56× | — | ||
| Q1 24 | 14.15× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DRVN
| Company Operated Store Sales | $331.3M | 62% |
| Supply And Other | $74.3M | 14% |
| Car Wash Segment | $54.0M | 10% |
| Independently Operated Store Sales | $51.4M | 10% |
| Advertising | $27.9M | 5% |
| Employee Services Leasing Agreement | $2.0M | 0% |
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% |
