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Side-by-side financial comparison of MONRO, INC. (MNRO) 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 $293.4M, roughly 1.9× MONRO, INC.). MONRO, INC. runs the higher net margin — 3.8% vs -33.1%, a 36.9% gap on every dollar of revenue. On growth, MONRO, INC. posted the faster year-over-year revenue change (-4.0% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $9.1M). Over the past eight quarters, WillScot Holdings Corp's revenue compounded faster (-1.8% CAGR vs -2.7%).
Monro, Inc. is an automotive services company founded and headquartered in Rochester, New York, U.S. As of 2025, Monro has 1,260 locations making them the second-largest automotive services company in North America after Driven Brands by number of locations and by revenue.
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.
MNRO vs WSC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $293.4M | $566.0M |
| Net Profit | $11.1M | $-187.3M |
| Gross Margin | 34.9% | 50.4% |
| Operating Margin | 6.3% | -32.5% |
| Net Margin | 3.8% | -33.1% |
| Revenue YoY | -4.0% | -6.1% |
| Net Profit YoY | 143.1% | -310.0% |
| EPS (diluted) | $0.35 | $-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 | $293.4M | $566.0M | ||
| Q3 25 | $288.9M | $566.8M | ||
| Q2 25 | $301.0M | $589.1M | ||
| Q1 25 | $295.0M | $559.6M | ||
| Q4 24 | $305.8M | $602.5M | ||
| Q3 24 | $301.4M | $601.4M | ||
| Q2 24 | $293.2M | $604.6M | ||
| Q1 24 | $310.1M | $587.2M |
| Q4 25 | $11.1M | $-187.3M | ||
| Q3 25 | $5.7M | $43.3M | ||
| Q2 25 | $-8.1M | $47.9M | ||
| Q1 25 | $-21.3M | $43.1M | ||
| Q4 24 | $4.6M | $89.2M | ||
| Q3 24 | $5.6M | $-70.5M | ||
| Q2 24 | $5.9M | $-46.9M | ||
| Q1 24 | $3.7M | $56.2M |
| Q4 25 | 34.9% | 50.4% | ||
| Q3 25 | 35.7% | 49.7% | ||
| Q2 25 | 35.5% | 50.3% | ||
| Q1 25 | 33.0% | 53.7% | ||
| Q4 24 | 34.3% | 55.8% | ||
| Q3 24 | 35.3% | 53.5% | ||
| Q2 24 | 37.2% | 54.1% | ||
| Q1 24 | 35.5% | 54.0% |
| Q4 25 | 6.3% | -32.5% | ||
| Q3 25 | 4.4% | 21.0% | ||
| Q2 25 | -2.0% | 21.5% | ||
| Q1 25 | -8.1% | 21.3% | ||
| Q4 24 | 3.3% | 28.9% | ||
| Q3 24 | 4.4% | -5.9% | ||
| Q2 24 | 4.5% | -0.9% | ||
| Q1 24 | 3.3% | 22.1% |
| Q4 25 | 3.8% | -33.1% | ||
| Q3 25 | 2.0% | 7.6% | ||
| Q2 25 | -2.7% | 8.1% | ||
| Q1 25 | -7.2% | 7.7% | ||
| Q4 24 | 1.5% | 14.8% | ||
| Q3 24 | 1.9% | -11.7% | ||
| Q2 24 | 2.0% | -7.7% | ||
| Q1 24 | 1.2% | 9.6% |
| Q4 25 | $0.35 | $-1.02 | ||
| Q3 25 | $0.18 | $0.24 | ||
| Q2 25 | $-0.28 | $0.26 | ||
| Q1 25 | $-0.74 | $0.23 | ||
| Q4 24 | $0.15 | $0.48 | ||
| Q3 24 | $0.18 | $-0.37 | ||
| Q2 24 | $0.19 | $-0.25 | ||
| Q1 24 | $0.12 | $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 | $4.9M | $14.6M |
| Total DebtLower is stronger | $45.0M | $3.6B |
| Stockholders' EquityBook value | $604.9M | $856.3M |
| Total Assets | $1.6B | $5.8B |
| Debt / EquityLower = less leverage | 0.07× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $14.6M | ||
| Q3 25 | $10.5M | $14.8M | ||
| Q2 25 | $7.8M | $12.8M | ||
| Q1 25 | $20.8M | $10.7M | ||
| Q4 24 | $10.2M | $9.0M | ||
| Q3 24 | $20.9M | $11.0M | ||
| Q2 24 | $18.7M | $5.9M | ||
| Q1 24 | $6.6M | $13.1M |
| Q4 25 | $45.0M | $3.6B | ||
| Q3 25 | $60.0M | $3.6B | ||
| Q2 25 | $71.5M | $3.7B | ||
| Q1 25 | $61.3M | $3.6B | ||
| Q4 24 | $59.3M | $3.7B | ||
| Q3 24 | $62.0M | $3.6B | ||
| Q2 24 | $112.0M | $3.5B | ||
| Q1 24 | $102.0M | $3.5B |
| Q4 25 | $604.9M | $856.3M | ||
| Q3 25 | $601.7M | $1.1B | ||
| Q2 25 | $604.9M | $1.0B | ||
| Q1 25 | $620.8M | $1.0B | ||
| Q4 24 | $648.9M | $1.0B | ||
| Q3 24 | $651.9M | $1.1B | ||
| Q2 24 | $654.4M | $1.2B | ||
| Q1 24 | $656.8M | $1.3B |
| Q4 25 | $1.6B | $5.8B | ||
| Q3 25 | $1.6B | $6.1B | ||
| Q2 25 | $1.6B | $6.1B | ||
| Q1 25 | $1.6B | $6.0B | ||
| Q4 24 | $1.7B | $6.0B | ||
| Q3 24 | $1.7B | $6.0B | ||
| Q2 24 | $1.7B | $6.0B | ||
| Q1 24 | $1.7B | $6.2B |
| Q4 25 | 0.07× | 4.15× | ||
| Q3 25 | 0.10× | 3.39× | ||
| Q2 25 | 0.12× | 3.55× | ||
| Q1 25 | 0.10× | 3.56× | ||
| Q4 24 | 0.09× | 3.62× | ||
| Q3 24 | 0.10× | 3.42× | ||
| Q2 24 | 0.17× | 2.88× | ||
| Q1 24 | 0.16× | 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 | $17.8M | $158.9M |
| Free Cash FlowOCF − Capex | $9.1M | $149.7M |
| FCF MarginFCF / Revenue | 3.1% | 26.5% |
| Capex IntensityCapex / Revenue | 3.0% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.60× | — |
| TTM Free Cash FlowTrailing 4 quarters | $49.6M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.8M | $158.9M | ||
| Q3 25 | $32.3M | $191.2M | ||
| Q2 25 | $-1.9M | $205.3M | ||
| Q1 25 | $28.9M | $206.6M | ||
| Q4 24 | $14.8M | $178.9M | ||
| Q3 24 | $62.6M | $-1.6M | ||
| Q2 24 | $25.6M | $175.6M | ||
| Q1 24 | $-5.3M | $208.7M |
| Q4 25 | $9.1M | $149.7M | ||
| Q3 25 | $26.6M | $186.9M | ||
| Q2 25 | $-9.3M | $199.0M | ||
| Q1 25 | $23.2M | $202.0M | ||
| Q4 24 | $7.9M | $176.6M | ||
| Q3 24 | $57.6M | $-4.9M | ||
| Q2 24 | $16.8M | $169.4M | ||
| Q1 24 | $-11.9M | $202.1M |
| Q4 25 | 3.1% | 26.5% | ||
| Q3 25 | 9.2% | 33.0% | ||
| Q2 25 | -3.1% | 33.8% | ||
| Q1 25 | 7.9% | 36.1% | ||
| Q4 24 | 2.6% | 29.3% | ||
| Q3 24 | 19.1% | -0.8% | ||
| Q2 24 | 5.7% | 28.0% | ||
| Q1 24 | -3.8% | 34.4% |
| Q4 25 | 3.0% | 1.6% | ||
| Q3 25 | 2.0% | 0.7% | ||
| Q2 25 | 2.5% | 1.1% | ||
| Q1 25 | 1.9% | 0.8% | ||
| Q4 24 | 2.2% | 0.4% | ||
| Q3 24 | 1.6% | 0.6% | ||
| Q2 24 | 3.0% | 1.0% | ||
| Q1 24 | 2.1% | 1.1% |
| Q4 25 | 1.60× | — | ||
| Q3 25 | 5.71× | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | 3.23× | 2.01× | ||
| Q3 24 | 11.08× | — | ||
| Q2 24 | 4.37× | — | ||
| Q1 24 | -1.42× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MNRO
| Tires | $150.2M | 51% |
| Maintenance | $73.5M | 25% |
| Brakes | $35.1M | 12% |
| Steering | $24.9M | 8% |
| Batteries | $6.2M | 2% |
| Exhaust | $3.2M | 1% |
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% |
