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Side-by-side financial comparison of ESCO TECHNOLOGIES INC (ESE) 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 $289.7M, roughly 2.0× ESCO TECHNOLOGIES INC). ESCO TECHNOLOGIES INC runs the higher net margin — 9.9% vs -33.1%, a 43.0% gap on every dollar of revenue. On growth, ESCO TECHNOLOGIES INC posted the faster year-over-year revenue change (17.3% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $63.0M). Over the past eight quarters, ESCO TECHNOLOGIES INC's revenue compounded faster (7.8% CAGR vs -1.8%).
Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.
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.
ESE vs WSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $289.7M | $566.0M |
| Net Profit | $28.7M | $-187.3M |
| Gross Margin | 41.4% | 50.4% |
| Operating Margin | 13.2% | -32.5% |
| Net Margin | 9.9% | -33.1% |
| Revenue YoY | 17.3% | -6.1% |
| Net Profit YoY | 22.2% | -310.0% |
| EPS (diluted) | $1.11 | $-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 | $289.7M | $566.0M | ||
| Q3 25 | $286.5M | $566.8M | ||
| Q2 25 | $296.3M | $589.1M | ||
| Q1 25 | $265.5M | $559.6M | ||
| Q4 24 | $247.0M | $602.5M | ||
| Q3 24 | $298.5M | $601.4M | ||
| Q2 24 | $260.8M | $604.6M | ||
| Q1 24 | $249.1M | $587.2M |
| Q4 25 | $28.7M | $-187.3M | ||
| Q3 25 | $218.7M | $43.3M | ||
| Q2 25 | $26.1M | $47.9M | ||
| Q1 25 | $31.0M | $43.1M | ||
| Q4 24 | $23.5M | $89.2M | ||
| Q3 24 | $34.3M | $-70.5M | ||
| Q2 24 | $29.2M | $-46.9M | ||
| Q1 24 | $23.2M | $56.2M |
| Q4 25 | 41.4% | 50.4% | ||
| Q3 25 | 45.9% | 49.7% | ||
| Q2 25 | 41.2% | 50.3% | ||
| Q1 25 | 41.1% | 53.7% | ||
| Q4 24 | 39.8% | 55.8% | ||
| Q3 24 | 40.1% | 53.5% | ||
| Q2 24 | 39.6% | 54.1% | ||
| Q1 24 | 38.8% | 54.0% |
| Q4 25 | 13.2% | -32.5% | ||
| Q3 25 | 17.2% | 21.0% | ||
| Q2 25 | 11.2% | 21.5% | ||
| Q1 25 | 15.3% | 21.3% | ||
| Q4 24 | 11.4% | 28.9% | ||
| Q3 24 | 14.8% | -5.9% | ||
| Q2 24 | 14.3% | -0.9% | ||
| Q1 24 | 11.7% | 22.1% |
| Q4 25 | 9.9% | -33.1% | ||
| Q3 25 | 76.3% | 7.6% | ||
| Q2 25 | 8.8% | 8.1% | ||
| Q1 25 | 11.7% | 7.7% | ||
| Q4 24 | 9.5% | 14.8% | ||
| Q3 24 | 11.5% | -11.7% | ||
| Q2 24 | 11.2% | -7.7% | ||
| Q1 24 | 9.3% | 9.6% |
| Q4 25 | $1.11 | $-1.02 | ||
| Q3 25 | $8.43 | $0.24 | ||
| Q2 25 | $1.01 | $0.26 | ||
| Q1 25 | $1.20 | $0.23 | ||
| Q4 24 | $0.91 | $0.48 | ||
| Q3 24 | $1.32 | $-0.37 | ||
| Q2 24 | $1.13 | $-0.25 | ||
| Q1 24 | $0.90 | $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 | $103.8M | $14.6M |
| Total DebtLower is stronger | $145.5M | $3.6B |
| Stockholders' EquityBook value | $1.6B | $856.3M |
| Total Assets | $2.4B | $5.8B |
| Debt / EquityLower = less leverage | 0.09× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.8M | $14.6M | ||
| Q3 25 | $101.3M | $14.8M | ||
| Q2 25 | $78.7M | $12.8M | ||
| Q1 25 | $57.4M | $10.7M | ||
| Q4 24 | $71.3M | $9.0M | ||
| Q3 24 | $66.0M | $11.0M | ||
| Q2 24 | $63.0M | $5.9M | ||
| Q1 24 | $59.4M | $13.1M |
| Q4 25 | $145.5M | $3.6B | ||
| Q3 25 | $186.0M | $3.6B | ||
| Q2 25 | $525.0M | $3.7B | ||
| Q1 25 | $88.0M | $3.6B | ||
| Q4 24 | $112.0M | $3.7B | ||
| Q3 24 | $122.0M | $3.6B | ||
| Q2 24 | $173.0M | $3.5B | ||
| Q1 24 | $191.0M | $3.5B |
| Q4 25 | $1.6B | $856.3M | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.2B | $1.3B |
| Q4 25 | $2.4B | $5.8B | ||
| Q3 25 | $2.4B | $6.1B | ||
| Q2 25 | $2.5B | $6.1B | ||
| Q1 25 | $1.8B | $6.0B | ||
| Q4 24 | $1.8B | $6.0B | ||
| Q3 24 | $1.8B | $6.0B | ||
| Q2 24 | $1.8B | $6.0B | ||
| Q1 24 | $1.8B | $6.2B |
| Q4 25 | 0.09× | 4.15× | ||
| Q3 25 | 0.12× | 3.39× | ||
| Q2 25 | 0.40× | 3.55× | ||
| Q1 25 | 0.07× | 3.56× | ||
| Q4 24 | 0.09× | 3.62× | ||
| Q3 24 | 0.10× | 3.42× | ||
| Q2 24 | 0.14× | 2.88× | ||
| Q1 24 | 0.16× | 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 | $68.9M | $158.9M |
| Free Cash FlowOCF − Capex | $63.0M | $149.7M |
| FCF MarginFCF / Revenue | 21.7% | 26.5% |
| Capex IntensityCapex / Revenue | 2.0% | 1.6% |
| Cash ConversionOCF / Net Profit | 2.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | $239.6M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.9M | $158.9M | ||
| Q3 25 | $109.9M | $191.2M | ||
| Q2 25 | $73.7M | $205.3M | ||
| Q1 25 | $24.1M | $206.6M | ||
| Q4 24 | $34.2M | $178.9M | ||
| Q3 24 | $72.1M | $-1.6M | ||
| Q2 24 | $36.2M | $175.6M | ||
| Q1 24 | $10.5M | $208.7M |
| Q4 25 | $63.0M | $149.7M | ||
| Q3 25 | $97.8M | $186.9M | ||
| Q2 25 | $64.9M | $199.0M | ||
| Q1 25 | $14.0M | $202.0M | ||
| Q4 24 | $29.0M | $176.6M | ||
| Q3 24 | $60.9M | $-4.9M | ||
| Q2 24 | $27.6M | $169.4M | ||
| Q1 24 | $2.0M | $202.1M |
| Q4 25 | 21.7% | 26.5% | ||
| Q3 25 | 34.1% | 33.0% | ||
| Q2 25 | 21.9% | 33.8% | ||
| Q1 25 | 5.3% | 36.1% | ||
| Q4 24 | 11.7% | 29.3% | ||
| Q3 24 | 20.4% | -0.8% | ||
| Q2 24 | 10.6% | 28.0% | ||
| Q1 24 | 0.8% | 34.4% |
| Q4 25 | 2.0% | 1.6% | ||
| Q3 25 | 4.2% | 0.7% | ||
| Q2 25 | 3.0% | 1.1% | ||
| Q1 25 | 3.8% | 0.8% | ||
| Q4 24 | 2.1% | 0.4% | ||
| Q3 24 | 3.8% | 0.6% | ||
| Q2 24 | 3.3% | 1.0% | ||
| Q1 24 | 3.4% | 1.1% |
| Q4 25 | 2.40× | — | ||
| Q3 25 | 0.50× | 4.41× | ||
| Q2 25 | 2.83× | 4.28× | ||
| Q1 25 | 0.78× | 4.80× | ||
| Q4 24 | 1.46× | 2.01× | ||
| Q3 24 | 2.10× | — | ||
| Q2 24 | 1.24× | — | ||
| Q1 24 | 0.45× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 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% |
