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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) 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 $308.1M, roughly 1.8× Grand Canyon Education, Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs -33.1%, a 61.2% gap on every dollar of revenue. On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $122.9M). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% CAGR vs -1.8%).
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
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.
LOPE vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.1M | $566.0M |
| Net Profit | $86.7M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 35.1% | -32.5% |
| Net Margin | 28.1% | -33.1% |
| Revenue YoY | 5.3% | -6.1% |
| Net Profit YoY | 5.9% | -310.0% |
| EPS (diluted) | $3.13 | $-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 | $308.1M | $566.0M | ||
| Q3 25 | $261.1M | $566.8M | ||
| Q2 25 | $247.5M | $589.1M | ||
| Q1 25 | $289.3M | $559.6M | ||
| Q4 24 | $292.6M | $602.5M | ||
| Q3 24 | $238.3M | $601.4M | ||
| Q2 24 | $227.5M | $604.6M | ||
| Q1 24 | $274.7M | $587.2M |
| Q4 25 | $86.7M | $-187.3M | ||
| Q3 25 | $16.3M | $43.3M | ||
| Q2 25 | $41.5M | $47.9M | ||
| Q1 25 | $71.6M | $43.1M | ||
| Q4 24 | $81.9M | $89.2M | ||
| Q3 24 | $41.5M | $-70.5M | ||
| Q2 24 | $34.9M | $-46.9M | ||
| Q1 24 | $68.0M | $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 | 35.1% | -32.5% | ||
| Q3 25 | 6.9% | 21.0% | ||
| Q2 25 | 20.9% | 21.5% | ||
| Q1 25 | 30.4% | 21.3% | ||
| Q4 24 | 34.2% | 28.9% | ||
| Q3 24 | 20.2% | -5.9% | ||
| Q2 24 | 18.8% | -0.9% | ||
| Q1 24 | 30.8% | 22.1% |
| Q4 25 | 28.1% | -33.1% | ||
| Q3 25 | 6.2% | 7.6% | ||
| Q2 25 | 16.8% | 8.1% | ||
| Q1 25 | 24.8% | 7.7% | ||
| Q4 24 | 28.0% | 14.8% | ||
| Q3 24 | 17.4% | -11.7% | ||
| Q2 24 | 15.3% | -7.7% | ||
| Q1 24 | 24.8% | 9.6% |
| Q4 25 | $3.13 | $-1.02 | ||
| Q3 25 | $0.58 | $0.24 | ||
| Q2 25 | $1.48 | $0.26 | ||
| Q1 25 | $2.52 | $0.23 | ||
| Q4 24 | $2.83 | $0.48 | ||
| Q3 24 | $1.42 | $-0.37 | ||
| Q2 24 | $1.19 | $-0.25 | ||
| Q1 24 | $2.29 | $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 | $111.8M | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $746.9M | $856.3M |
| Total Assets | $992.3M | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.8M | $14.6M | ||
| Q3 25 | $97.3M | $14.8M | ||
| Q2 25 | $192.3M | $12.8M | ||
| Q1 25 | $144.5M | $10.7M | ||
| Q4 24 | $324.6M | $9.0M | ||
| Q3 24 | $263.6M | $11.0M | ||
| Q2 24 | $241.3M | $5.9M | ||
| Q1 24 | $196.2M | $13.1M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
| Q4 25 | $746.9M | $856.3M | ||
| Q3 25 | $758.0M | $1.1B | ||
| Q2 25 | $778.0M | $1.0B | ||
| Q1 25 | $780.7M | $1.0B | ||
| Q4 24 | $783.9M | $1.0B | ||
| Q3 24 | $764.1M | $1.1B | ||
| Q2 24 | $759.2M | $1.2B | ||
| Q1 24 | $759.4M | $1.3B |
| Q4 25 | $992.3M | $5.8B | ||
| Q3 25 | $1.0B | $6.1B | ||
| Q2 25 | $1.0B | $6.1B | ||
| Q1 25 | $1.0B | $6.0B | ||
| Q4 24 | $1.0B | $6.0B | ||
| Q3 24 | $992.9M | $6.0B | ||
| Q2 24 | $992.7M | $6.0B | ||
| Q1 24 | $1.0B | $6.2B |
| Q4 25 | — | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | — | 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 | $130.5M | $158.9M |
| Free Cash FlowOCF − Capex | $122.9M | $149.7M |
| FCF MarginFCF / Revenue | 39.9% | 26.5% |
| Capex IntensityCapex / Revenue | 2.5% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.6M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.5M | $158.9M | ||
| Q3 25 | $-48.6M | $191.2M | ||
| Q2 25 | $124.0M | $205.3M | ||
| Q1 25 | $67.6M | $206.6M | ||
| Q4 24 | $135.8M | $178.9M | ||
| Q3 24 | $-29.4M | $-1.6M | ||
| Q2 24 | $98.6M | $175.6M | ||
| Q1 24 | $85.0M | $208.7M |
| Q4 25 | $122.9M | $149.7M | ||
| Q3 25 | $-58.3M | $186.9M | ||
| Q2 25 | $115.4M | $199.0M | ||
| Q1 25 | $58.7M | $202.0M | ||
| Q4 24 | $126.1M | $176.6M | ||
| Q3 24 | $-39.0M | $-4.9M | ||
| Q2 24 | $89.6M | $169.4M | ||
| Q1 24 | $76.0M | $202.1M |
| Q4 25 | 39.9% | 26.5% | ||
| Q3 25 | -22.3% | 33.0% | ||
| Q2 25 | 46.6% | 33.8% | ||
| Q1 25 | 20.3% | 36.1% | ||
| Q4 24 | 43.1% | 29.3% | ||
| Q3 24 | -16.3% | -0.8% | ||
| Q2 24 | 39.4% | 28.0% | ||
| Q1 24 | 27.7% | 34.4% |
| Q4 25 | 2.5% | 1.6% | ||
| Q3 25 | 3.7% | 0.7% | ||
| Q2 25 | 3.5% | 1.1% | ||
| Q1 25 | 3.1% | 0.8% | ||
| Q4 24 | 3.3% | 0.4% | ||
| Q3 24 | 4.0% | 0.6% | ||
| Q2 24 | 3.9% | 1.0% | ||
| Q1 24 | 3.3% | 1.1% |
| Q4 25 | 1.50× | — | ||
| Q3 25 | -2.99× | 4.41× | ||
| Q2 25 | 2.98× | 4.28× | ||
| Q1 25 | 0.94× | 4.80× | ||
| Q4 24 | 1.66× | 2.01× | ||
| Q3 24 | -0.71× | — | ||
| Q2 24 | 2.83× | — | ||
| Q1 24 | 1.25× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOPE
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% |
