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Side-by-side financial comparison of LifeStance Health Group, Inc. (LFST) 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 $382.2M, roughly 1.5× LifeStance Health Group, Inc.). LifeStance Health Group, Inc. runs the higher net margin — 3.1% vs -33.1%, a 36.1% gap on every dollar of revenue. On growth, LifeStance Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $46.6M). Over the past eight quarters, LifeStance Health Group, Inc.'s revenue compounded faster (12.8% CAGR vs -1.8%).
Lifestance Health (Lifestance) is an American outpatient behavioral health services provider. They provide their services in person and via tele-health. Their services include therapy, psychiatry, TMS, and ketamine therapies. They have landed in lawsuits multiple times over labor violations, leaking of customer information, and misleading investors.
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.
LFST vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $382.2M | $566.0M |
| Net Profit | $11.7M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 4.7% | -32.5% |
| Net Margin | 3.1% | -33.1% |
| Revenue YoY | 17.4% | -6.1% |
| Net Profit YoY | 264.1% | -310.0% |
| EPS (diluted) | — | $-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 | $382.2M | $566.0M | ||
| Q3 25 | $363.8M | $566.8M | ||
| Q2 25 | $345.3M | $589.1M | ||
| Q1 25 | $333.0M | $559.6M | ||
| Q4 24 | $325.5M | $602.5M | ||
| Q3 24 | $312.7M | $601.4M | ||
| Q2 24 | $312.3M | $604.6M | ||
| Q1 24 | $300.4M | $587.2M |
| Q4 25 | $11.7M | $-187.3M | ||
| Q3 25 | $1.1M | $43.3M | ||
| Q2 25 | $-3.8M | $47.9M | ||
| Q1 25 | $709.0K | $43.1M | ||
| Q4 24 | $-7.1M | $89.2M | ||
| Q3 24 | $-6.0M | $-70.5M | ||
| Q2 24 | $-23.3M | $-46.9M | ||
| Q1 24 | $-21.1M | $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 | 4.7% | -32.5% | ||
| Q3 25 | 2.0% | 21.0% | ||
| Q2 25 | -0.9% | 21.5% | ||
| Q1 25 | 0.5% | 21.3% | ||
| Q4 24 | 0.3% | 28.9% | ||
| Q3 24 | 0.0% | -5.9% | ||
| Q2 24 | -5.1% | -0.9% | ||
| Q1 24 | -5.6% | 22.1% |
| Q4 25 | 3.1% | -33.1% | ||
| Q3 25 | 0.3% | 7.6% | ||
| Q2 25 | -1.1% | 8.1% | ||
| Q1 25 | 0.2% | 7.7% | ||
| Q4 24 | -2.2% | 14.8% | ||
| Q3 24 | -1.9% | -11.7% | ||
| Q2 24 | -7.5% | -7.7% | ||
| Q1 24 | -7.0% | 9.6% |
| Q4 25 | — | $-1.02 | ||
| Q3 25 | — | $0.24 | ||
| Q2 25 | — | $0.26 | ||
| Q1 25 | — | $0.23 | ||
| Q4 24 | — | $0.48 | ||
| Q3 24 | — | $-0.37 | ||
| Q2 24 | — | $-0.25 | ||
| Q1 24 | — | $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 | $248.6M | $14.6M |
| Total DebtLower is stronger | $282.8M | $3.6B |
| Stockholders' EquityBook value | $1.5B | $856.3M |
| Total Assets | $2.2B | $5.8B |
| Debt / EquityLower = less leverage | 0.19× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $248.6M | $14.6M | ||
| Q3 25 | $203.9M | $14.8M | ||
| Q2 25 | $188.9M | $12.8M | ||
| Q1 25 | $134.3M | $10.7M | ||
| Q4 24 | $154.6M | $9.0M | ||
| Q3 24 | $102.6M | $11.0M | ||
| Q2 24 | $87.0M | $5.9M | ||
| Q1 24 | $49.5M | $13.1M |
| Q4 25 | $282.8M | $3.6B | ||
| Q3 25 | $284.6M | $3.6B | ||
| Q2 25 | $286.4M | $3.7B | ||
| Q1 25 | $288.2M | $3.6B | ||
| Q4 24 | $290.0M | $3.7B | ||
| Q3 24 | $287.3M | $3.6B | ||
| Q2 24 | $288.0M | $3.5B | ||
| Q1 24 | $288.8M | $3.5B |
| Q4 25 | $1.5B | $856.3M | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.4B | $1.3B |
| Q4 25 | $2.2B | $5.8B | ||
| Q3 25 | $2.1B | $6.1B | ||
| Q2 25 | $2.1B | $6.1B | ||
| Q1 25 | $2.1B | $6.0B | ||
| Q4 24 | $2.1B | $6.0B | ||
| Q3 24 | $2.1B | $6.0B | ||
| Q2 24 | $2.1B | $6.0B | ||
| Q1 24 | $2.1B | $6.2B |
| Q4 25 | 0.19× | 4.15× | ||
| Q3 25 | 0.19× | 3.39× | ||
| Q2 25 | 0.19× | 3.55× | ||
| Q1 25 | 0.20× | 3.56× | ||
| Q4 24 | 0.20× | 3.62× | ||
| Q3 24 | 0.20× | 3.42× | ||
| Q2 24 | 0.20× | 2.88× | ||
| Q1 24 | 0.20× | 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 | $57.6M | $158.9M |
| Free Cash FlowOCF − Capex | $46.6M | $149.7M |
| FCF MarginFCF / Revenue | 12.2% | 26.5% |
| Capex IntensityCapex / Revenue | 2.9% | 1.6% |
| Cash ConversionOCF / Net Profit | 4.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | $110.0M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.6M | $158.9M | ||
| Q3 25 | $27.3M | $191.2M | ||
| Q2 25 | $64.4M | $205.3M | ||
| Q1 25 | $-3.1M | $206.6M | ||
| Q4 24 | $62.3M | $178.9M | ||
| Q3 24 | $22.7M | $-1.6M | ||
| Q2 24 | $44.1M | $175.6M | ||
| Q1 24 | $-21.8M | $208.7M |
| Q4 25 | $46.6M | $149.7M | ||
| Q3 25 | $17.0M | $186.9M | ||
| Q2 25 | $56.6M | $199.0M | ||
| Q1 25 | $-10.3M | $202.0M | ||
| Q4 24 | $56.0M | $176.6M | ||
| Q3 24 | $17.7M | $-4.9M | ||
| Q2 24 | $39.0M | $169.4M | ||
| Q1 24 | $-26.9M | $202.1M |
| Q4 25 | 12.2% | 26.5% | ||
| Q3 25 | 4.7% | 33.0% | ||
| Q2 25 | 16.4% | 33.8% | ||
| Q1 25 | -3.1% | 36.1% | ||
| Q4 24 | 17.2% | 29.3% | ||
| Q3 24 | 5.7% | -0.8% | ||
| Q2 24 | 12.5% | 28.0% | ||
| Q1 24 | -9.0% | 34.4% |
| Q4 25 | 2.9% | 1.6% | ||
| Q3 25 | 2.8% | 0.7% | ||
| Q2 25 | 2.2% | 1.1% | ||
| Q1 25 | 2.2% | 0.8% | ||
| Q4 24 | 1.9% | 0.4% | ||
| Q3 24 | 1.6% | 0.6% | ||
| Q2 24 | 1.6% | 1.0% | ||
| Q1 24 | 1.7% | 1.1% |
| Q4 25 | 4.93× | — | ||
| Q3 25 | 25.34× | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | -4.36× | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LFST
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% |
