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Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) 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 $384.0M, roughly 1.5× WARRIOR MET COAL, INC.). WARRIOR MET COAL, INC. runs the higher net margin — 6.0% vs -33.1%, a 39.1% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (29.1% vs -6.1%). Over the past eight quarters, WillScot Holdings Corp's revenue compounded faster (-1.8% CAGR vs -12.7%).
Warrior Met Coal, Inc. (ticker HCC) is a U.S.-headquartered mining enterprise that produces and distributes high-grade metallurgical coal, a key raw material for steel production. It serves steel manufacturers and industrial clients across core markets including North America, Europe, and Asia.
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.
HCC vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $384.0M | $566.0M |
| Net Profit | $23.0M | $-187.3M |
| Gross Margin | 29.5% | 50.4% |
| Operating Margin | 9.0% | -32.5% |
| Net Margin | 6.0% | -33.1% |
| Revenue YoY | 29.1% | -6.1% |
| Net Profit YoY | 1919.5% | -310.0% |
| EPS (diluted) | $0.43 | $-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 | $384.0M | $566.0M | ||
| Q3 25 | $328.6M | $566.8M | ||
| Q2 25 | $297.5M | $589.1M | ||
| Q1 25 | $299.9M | $559.6M | ||
| Q4 24 | $297.5M | $602.5M | ||
| Q3 24 | $327.7M | $601.4M | ||
| Q2 24 | $396.5M | $604.6M | ||
| Q1 24 | $503.5M | $587.2M |
| Q4 25 | $23.0M | $-187.3M | ||
| Q3 25 | $36.6M | $43.3M | ||
| Q2 25 | $5.6M | $47.9M | ||
| Q1 25 | $-8.2M | $43.1M | ||
| Q4 24 | $1.1M | $89.2M | ||
| Q3 24 | $41.8M | $-70.5M | ||
| Q2 24 | $70.7M | $-46.9M | ||
| Q1 24 | $137.0M | $56.2M |
| Q4 25 | 29.5% | 50.4% | ||
| Q3 25 | 27.1% | 49.7% | ||
| Q2 25 | 23.9% | 50.3% | ||
| Q1 25 | 18.1% | 53.7% | ||
| Q4 24 | 23.1% | 55.8% | ||
| Q3 24 | 29.3% | 53.5% | ||
| Q2 24 | 34.1% | 54.1% | ||
| Q1 24 | 43.3% | 54.0% |
| Q4 25 | 9.0% | -32.5% | ||
| Q3 25 | 6.3% | 21.0% | ||
| Q2 25 | 2.6% | 21.5% | ||
| Q1 25 | -5.8% | 21.3% | ||
| Q4 24 | -1.4% | 28.9% | ||
| Q3 24 | 11.9% | -5.9% | ||
| Q2 24 | 17.9% | -0.9% | ||
| Q1 24 | 29.6% | 22.1% |
| Q4 25 | 6.0% | -33.1% | ||
| Q3 25 | 11.1% | 7.6% | ||
| Q2 25 | 1.9% | 8.1% | ||
| Q1 25 | -2.7% | 7.7% | ||
| Q4 24 | 0.4% | 14.8% | ||
| Q3 24 | 12.7% | -11.7% | ||
| Q2 24 | 17.8% | -7.7% | ||
| Q1 24 | 27.2% | 9.6% |
| Q4 25 | $0.43 | $-1.02 | ||
| Q3 25 | $0.70 | $0.24 | ||
| Q2 25 | $0.11 | $0.26 | ||
| Q1 25 | $-0.16 | $0.23 | ||
| Q4 24 | $0.02 | $0.48 | ||
| Q3 24 | $0.80 | $-0.37 | ||
| Q2 24 | $1.35 | $-0.25 | ||
| Q1 24 | $2.62 | $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 | $300.0M | $14.6M |
| Total DebtLower is stronger | $154.3M | $3.6B |
| Stockholders' EquityBook value | $2.1B | $856.3M |
| Total Assets | $2.8B | $5.8B |
| Debt / EquityLower = less leverage | 0.07× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $300.0M | $14.6M | ||
| Q3 25 | $336.3M | $14.8M | ||
| Q2 25 | $383.3M | $12.8M | ||
| Q1 25 | $454.9M | $10.7M | ||
| Q4 24 | $491.5M | $9.0M | ||
| Q3 24 | $583.2M | $11.0M | ||
| Q2 24 | $709.0M | $5.9M | ||
| Q1 24 | $693.9M | $13.1M |
| Q4 25 | $154.3M | $3.6B | ||
| Q3 25 | $154.1M | $3.6B | ||
| Q2 25 | $153.9M | $3.7B | ||
| Q1 25 | $153.8M | $3.6B | ||
| Q4 24 | $153.6M | $3.7B | ||
| Q3 24 | $153.5M | $3.6B | ||
| Q2 24 | $153.3M | $3.5B | ||
| Q1 24 | $153.2M | $3.5B |
| Q4 25 | $2.1B | $856.3M | ||
| Q3 25 | $2.1B | $1.1B | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $2.1B | $1.0B | ||
| Q4 24 | $2.1B | $1.0B | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $2.0B | $1.2B | ||
| Q1 24 | $2.0B | $1.3B |
| Q4 25 | $2.8B | $5.8B | ||
| Q3 25 | $2.7B | $6.1B | ||
| Q2 25 | $2.6B | $6.1B | ||
| Q1 25 | $2.6B | $6.0B | ||
| Q4 24 | $2.6B | $6.0B | ||
| Q3 24 | $2.6B | $6.0B | ||
| Q2 24 | $2.6B | $6.0B | ||
| Q1 24 | $2.5B | $6.2B |
| Q4 25 | 0.07× | 4.15× | ||
| Q3 25 | 0.07× | 3.39× | ||
| Q2 25 | 0.07× | 3.55× | ||
| Q1 25 | 0.07× | 3.56× | ||
| Q4 24 | 0.07× | 3.62× | ||
| Q3 24 | 0.07× | 3.42× | ||
| Q2 24 | 0.07× | 2.88× | ||
| Q1 24 | 0.08× | 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 | $76.1M | $158.9M |
| Free Cash FlowOCF − Capex | — | $149.7M |
| FCF MarginFCF / Revenue | — | 26.5% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 3.31× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.1M | $158.9M | ||
| Q3 25 | $104.7M | $191.2M | ||
| Q2 25 | $37.5M | $205.3M | ||
| Q1 25 | $10.9M | $206.6M | ||
| Q4 24 | $54.2M | $178.9M | ||
| Q3 24 | $62.2M | $-1.6M | ||
| Q2 24 | $147.0M | $175.6M | ||
| Q1 24 | $104.1M | $208.7M |
| Q4 25 | — | $149.7M | ||
| Q3 25 | — | $186.9M | ||
| Q2 25 | — | $199.0M | ||
| Q1 25 | — | $202.0M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | — | $-4.9M | ||
| Q2 24 | — | $169.4M | ||
| Q1 24 | — | $202.1M |
| Q4 25 | — | 26.5% | ||
| Q3 25 | — | 33.0% | ||
| Q2 25 | — | 33.8% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 29.3% | ||
| Q3 24 | — | -0.8% | ||
| Q2 24 | — | 28.0% | ||
| Q1 24 | — | 34.4% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.1% |
| Q4 25 | 3.31× | — | ||
| Q3 25 | 2.86× | 4.41× | ||
| Q2 25 | 6.70× | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | 47.68× | 2.01× | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 2.08× | — | ||
| Q1 24 | 0.76× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCC
| Mining Segment | $373.6M | 97% |
| Other | $10.4M | 3% |
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% |
