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Side-by-side financial comparison of ENCORE CAPITAL GROUP INC (ECPG) 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 $473.6M, roughly 1.2× ENCORE CAPITAL GROUP INC). ENCORE CAPITAL GROUP INC runs the higher net margin — 16.2% vs -33.1%, a 49.3% gap on every dollar of revenue. On growth, ENCORE CAPITAL GROUP INC posted the faster year-over-year revenue change (78.3% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $126.9M). Over the past eight quarters, ENCORE CAPITAL GROUP INC's revenue compounded faster (20.1% CAGR vs -1.8%).
Encore Capital Group, Inc. is a publicly traded debt buyer based in the United States. The company is headquartered in San Diego, and operates throughout the United States. The firm is a publicly traded NASDAQ Global Select company (ECPG), a component stock of the Russell 2000, the S&P SmallCap 600, and the Wilshire 4500.
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.
ECPG vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $473.6M | $566.0M |
| Net Profit | $76.7M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 36.6% | -32.5% |
| Net Margin | 16.2% | -33.1% |
| Revenue YoY | 78.3% | -6.1% |
| Net Profit YoY | — | -310.0% |
| EPS (diluted) | $3.32 | $-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 | $473.6M | $566.0M | ||
| Q3 25 | $460.4M | $566.8M | ||
| Q2 25 | $442.1M | $589.1M | ||
| Q1 25 | $392.8M | $559.6M | ||
| Q4 24 | $265.6M | $602.5M | ||
| Q3 24 | $367.1M | $601.4M | ||
| Q2 24 | $355.3M | $604.6M | ||
| Q1 24 | $328.4M | $587.2M |
| Q4 25 | $76.7M | $-187.3M | ||
| Q3 25 | $74.7M | $43.3M | ||
| Q2 25 | $58.7M | $47.9M | ||
| Q1 25 | $46.8M | $43.1M | ||
| Q4 24 | — | $89.2M | ||
| Q3 24 | $30.6M | $-70.5M | ||
| Q2 24 | $32.2M | $-46.9M | ||
| Q1 24 | $23.2M | $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 | 36.6% | -32.5% | ||
| Q3 25 | 37.6% | 21.0% | ||
| Q2 25 | 34.1% | 21.5% | ||
| Q1 25 | 32.9% | 21.3% | ||
| Q4 24 | — | 28.9% | ||
| Q3 24 | 28.9% | -5.9% | ||
| Q2 24 | 28.7% | -0.9% | ||
| Q1 24 | 25.5% | 22.1% |
| Q4 25 | 16.2% | -33.1% | ||
| Q3 25 | 16.2% | 7.6% | ||
| Q2 25 | 13.3% | 8.1% | ||
| Q1 25 | 11.9% | 7.7% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | 8.3% | -11.7% | ||
| Q2 24 | 9.1% | -7.7% | ||
| Q1 24 | 7.1% | 9.6% |
| Q4 25 | $3.32 | $-1.02 | ||
| Q3 25 | $3.17 | $0.24 | ||
| Q2 25 | $2.49 | $0.26 | ||
| Q1 25 | $1.93 | $0.23 | ||
| Q4 24 | — | $0.48 | ||
| Q3 24 | $1.26 | $-0.37 | ||
| Q2 24 | $1.34 | $-0.25 | ||
| Q1 24 | $0.95 | $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 | $156.8M | $14.6M |
| Total DebtLower is stronger | $4.0B | $3.6B |
| Stockholders' EquityBook value | $976.8M | $856.3M |
| Total Assets | $5.3B | $5.8B |
| Debt / EquityLower = less leverage | 4.13× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.8M | $14.6M | ||
| Q3 25 | $172.5M | $14.8M | ||
| Q2 25 | $172.9M | $12.8M | ||
| Q1 25 | $187.1M | $10.7M | ||
| Q4 24 | $199.9M | $9.0M | ||
| Q3 24 | $247.4M | $11.0M | ||
| Q2 24 | $250.6M | $5.9M | ||
| Q1 24 | $173.0M | $13.1M |
| Q4 25 | $4.0B | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | $3.7B | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
| Q4 25 | $976.8M | $856.3M | ||
| Q3 25 | $952.9M | $1.1B | ||
| Q2 25 | $896.0M | $1.0B | ||
| Q1 25 | $819.1M | $1.0B | ||
| Q4 24 | $767.3M | $1.0B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $988.1M | $1.2B | ||
| Q1 24 | $953.9M | $1.3B |
| Q4 25 | $5.3B | $5.8B | ||
| Q3 25 | $5.3B | $6.1B | ||
| Q2 25 | $5.2B | $6.1B | ||
| Q1 25 | $5.0B | $6.0B | ||
| Q4 24 | $4.8B | $6.0B | ||
| Q3 24 | $5.0B | $6.0B | ||
| Q2 24 | $4.8B | $6.0B | ||
| Q1 24 | $4.7B | $6.2B |
| Q4 25 | 4.13× | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | 4.83× | 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 | $153.2M | $158.9M |
| Free Cash FlowOCF − Capex | $126.9M | $149.7M |
| FCF MarginFCF / Revenue | 26.8% | 26.5% |
| Capex IntensityCapex / Revenue | 5.5% | 1.6% |
| Cash ConversionOCF / Net Profit | 2.00× | — |
| TTM Free Cash FlowTrailing 4 quarters | $244.0M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $153.2M | $158.9M | ||
| Q3 25 | $81.6M | $191.2M | ||
| Q2 25 | $9.5M | $205.3M | ||
| Q1 25 | $45.3M | $206.6M | ||
| Q4 24 | $156.2M | $178.9M | ||
| Q3 24 | $45.9M | $-1.6M | ||
| Q2 24 | $35.7M | $175.6M | ||
| Q1 24 | $51.0M | $208.7M |
| Q4 25 | $126.9M | $149.7M | ||
| Q3 25 | $75.6M | $186.9M | ||
| Q2 25 | $3.2M | $199.0M | ||
| Q1 25 | $38.3M | $202.0M | ||
| Q4 24 | $127.2M | $176.6M | ||
| Q3 24 | $39.7M | $-4.9M | ||
| Q2 24 | $28.3M | $169.4M | ||
| Q1 24 | $44.1M | $202.1M |
| Q4 25 | 26.8% | 26.5% | ||
| Q3 25 | 16.4% | 33.0% | ||
| Q2 25 | 0.7% | 33.8% | ||
| Q1 25 | 9.7% | 36.1% | ||
| Q4 24 | 47.9% | 29.3% | ||
| Q3 24 | 10.8% | -0.8% | ||
| Q2 24 | 8.0% | 28.0% | ||
| Q1 24 | 13.4% | 34.4% |
| Q4 25 | 5.5% | 1.6% | ||
| Q3 25 | 1.3% | 0.7% | ||
| Q2 25 | 1.4% | 1.1% | ||
| Q1 25 | 1.8% | 0.8% | ||
| Q4 24 | 10.9% | 0.4% | ||
| Q3 24 | 1.7% | 0.6% | ||
| Q2 24 | 2.1% | 1.0% | ||
| Q1 24 | 2.1% | 1.1% |
| Q4 25 | 2.00× | — | ||
| Q3 25 | 1.09× | 4.41× | ||
| Q2 25 | 0.16× | 4.28× | ||
| Q1 25 | 0.97× | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 1.11× | — | ||
| Q1 24 | 2.19× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECPG
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% |
