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Side-by-side financial comparison of MARINEMAX INC (HZO) 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 $505.2M, roughly 1.1× MARINEMAX INC). MARINEMAX INC runs the higher net margin — -1.6% vs -33.1%, a 31.5% gap on every dollar of revenue. On growth, MARINEMAX INC posted the faster year-over-year revenue change (7.8% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $8.3M). Over the past eight quarters, WillScot Holdings Corp's revenue compounded faster (-1.8% CAGR vs -6.9%).
MarineMax Inc. is a leading recreational boat and yacht retailer primarily operating in the United States. It offers new and pre-owned leisure vessels, alongside related services including maintenance, repair, financing, insurance coverage, yacht chartering, and boating lifestyle events, catering to private boating enthusiasts across North America.
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.
HZO vs WSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $505.2M | $566.0M |
| Net Profit | $-7.9M | $-187.3M |
| Gross Margin | 31.8% | 50.4% |
| Operating Margin | 1.0% | -32.5% |
| Net Margin | -1.6% | -33.1% |
| Revenue YoY | 7.8% | -6.1% |
| Net Profit YoY | -143.9% | -310.0% |
| EPS (diluted) | $-0.36 | $-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 | $505.2M | $566.0M | ||
| Q3 25 | $552.2M | $566.8M | ||
| Q2 25 | $657.2M | $589.1M | ||
| Q1 25 | $631.5M | $559.6M | ||
| Q4 24 | $468.5M | $602.5M | ||
| Q3 24 | $563.1M | $601.4M | ||
| Q2 24 | $757.7M | $604.6M | ||
| Q1 24 | $582.9M | $587.2M |
| Q4 25 | $-7.9M | $-187.3M | ||
| Q3 25 | $-851.0K | $43.3M | ||
| Q2 25 | $-52.1M | $47.9M | ||
| Q1 25 | $3.3M | $43.1M | ||
| Q4 24 | $18.1M | $89.2M | ||
| Q3 24 | $4.0M | $-70.5M | ||
| Q2 24 | $31.6M | $-46.9M | ||
| Q1 24 | $1.6M | $56.2M |
| Q4 25 | 31.8% | 50.4% | ||
| Q3 25 | 34.7% | 49.7% | ||
| Q2 25 | 30.4% | 50.3% | ||
| Q1 25 | 30.0% | 53.7% | ||
| Q4 24 | 36.2% | 55.8% | ||
| Q3 24 | 34.3% | 53.5% | ||
| Q2 24 | 32.0% | 54.1% | ||
| Q1 24 | 32.7% | 54.0% |
| Q4 25 | 1.0% | -32.5% | ||
| Q3 25 | 2.5% | 21.0% | ||
| Q2 25 | -6.3% | 21.5% | ||
| Q1 25 | 3.6% | 21.3% | ||
| Q4 24 | 8.3% | 28.9% | ||
| Q3 24 | 4.8% | -5.9% | ||
| Q2 24 | 8.1% | -0.9% | ||
| Q1 24 | 3.7% | 22.1% |
| Q4 25 | -1.6% | -33.1% | ||
| Q3 25 | -0.2% | 7.6% | ||
| Q2 25 | -7.9% | 8.1% | ||
| Q1 25 | 0.5% | 7.7% | ||
| Q4 24 | 3.9% | 14.8% | ||
| Q3 24 | 0.7% | -11.7% | ||
| Q2 24 | 4.2% | -7.7% | ||
| Q1 24 | 0.3% | 9.6% |
| Q4 25 | $-0.36 | $-1.02 | ||
| Q3 25 | $0.08 | $0.24 | ||
| Q2 25 | $-2.42 | $0.26 | ||
| Q1 25 | $0.14 | $0.23 | ||
| Q4 24 | $0.77 | $0.48 | ||
| Q3 24 | $0.17 | $-0.37 | ||
| Q2 24 | $1.37 | $-0.25 | ||
| Q1 24 | $0.07 | $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 | $164.6M | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $932.8M | $856.3M |
| Total Assets | $2.4B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $164.6M | $14.6M | ||
| Q3 25 | $170.4M | $14.8M | ||
| Q2 25 | $151.0M | $12.8M | ||
| Q1 25 | $203.5M | $10.7M | ||
| Q4 24 | $145.0M | $9.0M | ||
| Q3 24 | $224.3M | $11.0M | ||
| Q2 24 | $242.4M | $5.9M | ||
| Q1 24 | $216.7M | $13.1M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | $393.2M | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | $391.2M | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
| Q4 25 | $932.8M | $856.3M | ||
| Q3 25 | $937.2M | $1.1B | ||
| Q2 25 | $940.5M | $1.0B | ||
| Q1 25 | $993.4M | $1.0B | ||
| Q4 24 | $993.5M | $1.0B | ||
| Q3 24 | $975.8M | $1.1B | ||
| Q2 24 | $967.6M | $1.2B | ||
| Q1 24 | $931.3M | $1.3B |
| Q4 25 | $2.4B | $5.8B | ||
| Q3 25 | $2.5B | $6.1B | ||
| Q2 25 | $2.5B | $6.1B | ||
| Q1 25 | $2.7B | $6.0B | ||
| Q4 24 | $2.6B | $6.0B | ||
| Q3 24 | $2.6B | $6.0B | ||
| Q2 24 | $2.6B | $6.0B | ||
| Q1 24 | $2.6B | $6.2B |
| Q4 25 | — | 4.15× | ||
| Q3 25 | 0.42× | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | 0.40× | 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 | $16.9M | $158.9M |
| Free Cash FlowOCF − Capex | $8.3M | $149.7M |
| FCF MarginFCF / Revenue | 1.7% | 26.5% |
| Capex IntensityCapex / Revenue | 1.7% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $184.7M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.9M | $158.9M | ||
| Q3 25 | $61.5M | $191.2M | ||
| Q2 25 | $84.9M | $205.3M | ||
| Q1 25 | $72.5M | $206.6M | ||
| Q4 24 | $-146.1M | $178.9M | ||
| Q3 24 | $-782.0K | $-1.6M | ||
| Q2 24 | $86.3M | $175.6M | ||
| Q1 24 | $-22.1M | $208.7M |
| Q4 25 | $8.3M | $149.7M | ||
| Q3 25 | $48.0M | $186.9M | ||
| Q2 25 | $68.5M | $199.0M | ||
| Q1 25 | $59.8M | $202.0M | ||
| Q4 24 | $-164.4M | $176.6M | ||
| Q3 24 | $-17.5M | $-4.9M | ||
| Q2 24 | $71.1M | $169.4M | ||
| Q1 24 | $-37.3M | $202.1M |
| Q4 25 | 1.7% | 26.5% | ||
| Q3 25 | 8.7% | 33.0% | ||
| Q2 25 | 10.4% | 33.8% | ||
| Q1 25 | 9.5% | 36.1% | ||
| Q4 24 | -35.1% | 29.3% | ||
| Q3 24 | -3.1% | -0.8% | ||
| Q2 24 | 9.4% | 28.0% | ||
| Q1 24 | -6.4% | 34.4% |
| Q4 25 | 1.7% | 1.6% | ||
| Q3 25 | 2.4% | 0.7% | ||
| Q2 25 | 2.5% | 1.1% | ||
| Q1 25 | 2.0% | 0.8% | ||
| Q4 24 | 3.9% | 0.4% | ||
| Q3 24 | 3.0% | 0.6% | ||
| Q2 24 | 2.0% | 1.0% | ||
| Q1 24 | 2.6% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | 21.97× | 4.80× | ||
| Q4 24 | -8.09× | 2.01× | ||
| Q3 24 | -0.20× | — | ||
| Q2 24 | 2.74× | — | ||
| Q1 24 | -13.92× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HZO
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% |
