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Side-by-side financial comparison of MATERION Corp (MTRN) 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 $549.8M, roughly 1.0× MATERION Corp). MATERION Corp runs the higher net margin — 3.5% vs -33.1%, a 36.6% gap on every dollar of revenue. On growth, MATERION Corp posted the faster year-over-year revenue change (30.8% vs -6.1%). Over the past eight quarters, MATERION Corp's revenue compounded faster (13.6% CAGR vs -1.8%).
Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.
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.
MTRN vs WSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $549.8M | $566.0M |
| Net Profit | $19.4M | $-187.3M |
| Gross Margin | 14.9% | 50.4% |
| Operating Margin | 5.1% | -32.5% |
| Net Margin | 3.5% | -33.1% |
| Revenue YoY | 30.8% | -6.1% |
| Net Profit YoY | 9.5% | -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.
| Q1 26 | $549.8M | — | ||
| Q4 25 | $489.8M | $566.0M | ||
| Q3 25 | $444.8M | $566.8M | ||
| Q2 25 | $431.7M | $589.1M | ||
| Q1 25 | $420.3M | $559.6M | ||
| Q4 24 | $436.9M | $602.5M | ||
| Q3 24 | $436.7M | $601.4M | ||
| Q2 24 | $425.9M | $604.6M |
| Q1 26 | $19.4M | — | ||
| Q4 25 | $6.6M | $-187.3M | ||
| Q3 25 | $25.4M | $43.3M | ||
| Q2 25 | $25.1M | $47.9M | ||
| Q1 25 | $17.7M | $43.1M | ||
| Q4 24 | $-48.9M | $89.2M | ||
| Q3 24 | $22.3M | $-70.5M | ||
| Q2 24 | $19.0M | $-46.9M |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 13.0% | 50.4% | ||
| Q3 25 | 19.4% | 49.7% | ||
| Q2 25 | 19.1% | 50.3% | ||
| Q1 25 | 18.1% | 53.7% | ||
| Q4 24 | 21.3% | 55.8% | ||
| Q3 24 | 18.5% | 53.5% | ||
| Q2 24 | 19.0% | 54.1% |
| Q1 26 | 5.1% | — | ||
| Q4 25 | 2.2% | -32.5% | ||
| Q3 25 | 7.9% | 21.0% | ||
| Q2 25 | 8.5% | 21.5% | ||
| Q1 25 | 6.5% | 21.3% | ||
| Q4 24 | -8.8% | 28.9% | ||
| Q3 24 | 7.2% | -5.9% | ||
| Q2 24 | 7.5% | -0.9% |
| Q1 26 | 3.5% | — | ||
| Q4 25 | 1.3% | -33.1% | ||
| Q3 25 | 5.7% | 7.6% | ||
| Q2 25 | 5.8% | 8.1% | ||
| Q1 25 | 4.2% | 7.7% | ||
| Q4 24 | -11.2% | 14.8% | ||
| Q3 24 | 5.1% | -11.7% | ||
| Q2 24 | 4.5% | -7.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.30 | $-1.02 | ||
| Q3 25 | $1.22 | $0.24 | ||
| Q2 25 | $1.21 | $0.26 | ||
| Q1 25 | $0.85 | $0.23 | ||
| Q4 24 | $-2.34 | $0.48 | ||
| Q3 24 | $1.07 | $-0.37 | ||
| Q2 24 | $0.91 | $-0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.2M | $14.6M |
| Total DebtLower is stronger | $489.9M | $3.6B |
| Stockholders' EquityBook value | $957.0M | $856.3M |
| Total Assets | $1.9B | $5.8B |
| Debt / EquityLower = less leverage | 0.51× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $16.2M | — | ||
| Q4 25 | $13.7M | $14.6M | ||
| Q3 25 | $16.4M | $14.8M | ||
| Q2 25 | $12.6M | $12.8M | ||
| Q1 25 | $15.6M | $10.7M | ||
| Q4 24 | $16.7M | $9.0M | ||
| Q3 24 | $17.9M | $11.0M | ||
| Q2 24 | $17.1M | $5.9M |
| Q1 26 | $489.9M | — | ||
| Q4 25 | $460.6M | $3.6B | ||
| Q3 25 | $458.9M | $3.6B | ||
| Q2 25 | $427.6M | $3.7B | ||
| Q1 25 | $453.0M | $3.6B | ||
| Q4 24 | $443.9M | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B |
| Q1 26 | $957.0M | — | ||
| Q4 25 | $943.3M | $856.3M | ||
| Q3 25 | $934.6M | $1.1B | ||
| Q2 25 | $910.6M | $1.0B | ||
| Q1 25 | $887.9M | $1.0B | ||
| Q4 24 | $868.9M | $1.0B | ||
| Q3 24 | $931.9M | $1.1B | ||
| Q2 24 | $907.1M | $1.2B |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $5.8B | ||
| Q3 25 | $1.8B | $6.1B | ||
| Q2 25 | $1.7B | $6.1B | ||
| Q1 25 | $1.8B | $6.0B | ||
| Q4 24 | $1.7B | $6.0B | ||
| Q3 24 | $1.9B | $6.0B | ||
| Q2 24 | $1.8B | $6.0B |
| Q1 26 | 0.51× | — | ||
| Q4 25 | 0.49× | 4.15× | ||
| Q3 25 | 0.49× | 3.39× | ||
| Q2 25 | 0.47× | 3.55× | ||
| Q1 25 | 0.51× | 3.56× | ||
| Q4 24 | 0.51× | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× |
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 | — | $158.9M |
| Free Cash FlowOCF − Capex | — | $149.7M |
| FCF MarginFCF / Revenue | — | 26.5% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $19.5M | $158.9M | ||
| Q3 25 | $18.3M | $191.2M | ||
| Q2 25 | $49.9M | $205.3M | ||
| Q1 25 | $15.5M | $206.6M | ||
| Q4 24 | $76.3M | $178.9M | ||
| Q3 24 | $5.1M | $-1.6M | ||
| Q2 24 | $20.3M | $175.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $149.7M | ||
| Q3 25 | — | $186.9M | ||
| Q2 25 | — | $199.0M | ||
| Q1 25 | $3.2M | $202.0M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | $-24.3M | $-4.9M | ||
| Q2 24 | — | $169.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 26.5% | ||
| Q3 25 | — | 33.0% | ||
| Q2 25 | — | 33.8% | ||
| Q1 25 | 0.8% | 36.1% | ||
| Q4 24 | — | 29.3% | ||
| Q3 24 | -5.6% | -0.8% | ||
| Q2 24 | — | 28.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | 2.9% | 0.8% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 6.7% | 0.6% | ||
| Q2 24 | — | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.97× | — | ||
| Q3 25 | 0.72× | 4.41× | ||
| Q2 25 | 1.99× | 4.28× | ||
| Q1 25 | 0.88× | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 1.07× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MTRN
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% |
