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Side-by-side financial comparison of monday.com Ltd. (MNDY) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
monday.com Ltd. is the larger business by last-quarter revenue ($704.0M vs $566.0M, roughly 1.2× WillScot Holdings Corp). monday.com Ltd. runs the higher net margin — 1.3% vs -33.1%, a 34.4% gap on every dollar of revenue. monday.com Ltd. produced more free cash flow last quarter ($224.6M vs $149.7M).
Monday.com Ltd. is an Israeli-based cloud-based platform that allows users to create their own applications and project management software. The product was launched in 2014 and in July 2019, the company raised $150 million, based on a $1.9 billion valuation. The company went public in June 2021 and is based in Tel Aviv, Israel.
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.
MNDY vs WSC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $704.0M | $566.0M |
| Net Profit | $9.4M | $-187.3M |
| Gross Margin | 89.6% | 50.4% |
| Operating Margin | -4.4% | -32.5% |
| Net Margin | 1.3% | -33.1% |
| Revenue YoY | — | -6.1% |
| Net Profit YoY | — | -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 | — | $566.0M | ||
| Q3 25 | $704.0M | $566.8M | ||
| Q2 25 | $453.0M | $589.1M | ||
| Q1 25 | $216.9M | $559.6M | ||
| Q4 24 | — | $602.5M | ||
| Q3 24 | $527.1M | $601.4M | ||
| Q2 24 | $337.9M | $604.6M | ||
| Q1 24 | $162.3M | $587.2M |
| Q4 25 | — | $-187.3M | ||
| Q3 25 | $9.4M | $43.3M | ||
| Q2 25 | $21.4M | $47.9M | ||
| Q1 25 | $7.1M | $43.1M | ||
| Q4 24 | — | $89.2M | ||
| Q3 24 | $-14.2M | $-70.5M | ||
| Q2 24 | $-21.7M | $-46.9M | ||
| Q1 24 | $-14.7M | $56.2M |
| Q4 25 | — | 50.4% | ||
| Q3 25 | 89.6% | 49.7% | ||
| Q2 25 | 89.6% | 50.3% | ||
| Q1 25 | 89.2% | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | 89.0% | 53.5% | ||
| Q2 24 | 89.2% | 54.1% | ||
| Q1 24 | 89.5% | 54.0% |
| Q4 25 | — | -32.5% | ||
| Q3 25 | -4.4% | 21.0% | ||
| Q2 25 | -0.7% | 21.5% | ||
| Q1 25 | -2.3% | 21.3% | ||
| Q4 24 | — | 28.9% | ||
| Q3 24 | -7.1% | -5.9% | ||
| Q2 24 | -10.3% | -0.9% | ||
| Q1 24 | -14.0% | 22.1% |
| Q4 25 | — | -33.1% | ||
| Q3 25 | 1.3% | 7.6% | ||
| Q2 25 | 4.7% | 8.1% | ||
| Q1 25 | 3.3% | 7.7% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | -2.7% | -11.7% | ||
| Q2 24 | -6.4% | -7.7% | ||
| Q1 24 | -9.0% | 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 | $1.4B | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $1.0B | $856.3M |
| Total Assets | $1.7B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.6M | ||
| Q3 25 | $1.4B | $14.8M | ||
| Q2 25 | $1.7B | $12.8M | ||
| Q1 25 | $1.4B | $10.7M | ||
| Q4 24 | — | $9.0M | ||
| Q3 24 | $1.1B | $11.0M | ||
| Q2 24 | $1.3B | $5.9M | ||
| Q1 24 | $1.1B | $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 | — | $856.3M | ||
| Q3 25 | $1.0B | $1.1B | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $813.5M | $1.1B | ||
| Q2 24 | $910.1M | $1.2B | ||
| Q1 24 | $813.5M | $1.3B |
| Q4 25 | — | $5.8B | ||
| Q3 25 | $1.7B | $6.1B | ||
| Q2 25 | $2.0B | $6.1B | ||
| Q1 25 | $1.7B | $6.0B | ||
| Q4 24 | — | $6.0B | ||
| Q3 24 | $1.3B | $6.0B | ||
| Q2 24 | $1.5B | $6.0B | ||
| Q1 24 | $1.3B | $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 | $234.4M | $158.9M |
| Free Cash FlowOCF − Capex | $224.6M | $149.7M |
| FCF MarginFCF / Revenue | 31.9% | 26.5% |
| Capex IntensityCapex / Revenue | 1.4% | 1.6% |
| Cash ConversionOCF / Net Profit | 25.02× | — |
| TTM Free Cash FlowTrailing 4 quarters | $608.3M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $158.9M | ||
| Q3 25 | $234.4M | $191.2M | ||
| Q2 25 | $147.7M | $205.3M | ||
| Q1 25 | $92.0M | $206.6M | ||
| Q4 24 | — | $178.9M | ||
| Q3 24 | $156.9M | $-1.6M | ||
| Q2 24 | $90.3M | $175.6M | ||
| Q1 24 | $42.7M | $208.7M |
| Q4 25 | — | $149.7M | ||
| Q3 25 | $224.6M | $186.9M | ||
| Q2 25 | $141.8M | $199.0M | ||
| Q1 25 | $90.5M | $202.0M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | $151.4M | $-4.9M | ||
| Q2 24 | $85.6M | $169.4M | ||
| Q1 24 | $39.2M | $202.1M |
| Q4 25 | — | 26.5% | ||
| Q3 25 | 31.9% | 33.0% | ||
| Q2 25 | 31.3% | 33.8% | ||
| Q1 25 | 41.7% | 36.1% | ||
| Q4 24 | — | 29.3% | ||
| Q3 24 | 28.7% | -0.8% | ||
| Q2 24 | 25.3% | 28.0% | ||
| Q1 24 | 24.1% | 34.4% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | 1.4% | 0.7% | ||
| Q2 25 | 1.3% | 1.1% | ||
| Q1 25 | 0.7% | 0.8% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 1.0% | 0.6% | ||
| Q2 24 | 1.4% | 1.0% | ||
| Q1 24 | 2.2% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | 25.02× | 4.41× | ||
| Q2 25 | 6.91× | 4.28× | ||
| Q1 25 | 12.99× | 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
MNDY
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% |
